Banco Santander (BCDRF) Tax Rate (2009 - 2025)
Banco Santander (BCDRF) posted Tax Rate of 83.09% for Q4 2025, down 14.51% sequentially from 97.2% in Q4 2024, and down 1411.0% YoY from 6.34% in Q4 2024.
Banco Santander (BCDRF) Tax Rate (2009 - 2025) Analysis & Trends
Banco Santander has reported Tax Rate for 15 years, with the latest figure at 83.09% in Q4 2025.
- Quarterly Tax Rate fell 1411.0% year-over-year to 83.09% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 39.22% (down 86.0% YoY) and the FY2025 annual result came in at 25.28%, down 264.0% from the prior year.
- Tax Rate eased to 83.09% in Q4 2025 per BCDRF's latest filing, from 97.2% in the prior quarter.
- Over five years, Tax Rate peaked at 126.6% in Q4 2022 and troughed at 51.29% in Q3 2023.
- A 4-year average of 41.01% and a median of 53.57% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2024: Tax Rate plunged 10302 bps in 2023, then jumped 7362 bps in 2024.
- Over 4 years, Tax Rate stood at 126.6% in 2022, then plunged by 81 bps to 23.57% in 2023, then jumped by 312 bps to 97.2% in 2024, then fell by 15 bps to 83.09% in 2025.
- According to Business Quant data, Tax Rate over the past three periods registered 83.09%, 97.2%, and 54.96% for Q4 2025, Q4 2024, and Q2 2024 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn | 21.54% |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - | 60.94% |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - | 21.90% |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - | 17.42% |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn | 24.29% |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn | 24.97% |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - | -7.60% |
| 9 | UBS Group AG | 167.62 Bn | -48.10 Bn | - | - |
| 10 | Bank of New York Mellon | 108.21 Bn | 46.98 Bn | - | 20.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 83.09% |
| Dec 31, 2025 | 83.09% |
| Dec 31, 2025 | 83.09% |
| Dec 31, 2024 | 97.20% |
| Dec 31, 2024 | 97.20% |
| Dec 31, 2024 | 97.20% |
| Jun 30, 2024 | 54.96% |
| Jun 30, 2024 | 54.96% |
| Jun 30, 2024 | 54.96% |
| Mar 31, 2024 | 0.00% |
| Mar 31, 2024 | 0.00% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | 23.57% |
| Dec 31, 2023 | 23.57% |
| Dec 31, 2023 | 23.57% |
| Sep 30, 2023 | -51.29% |
| Sep 30, 2023 | -51.29% |
| Sep 30, 2023 | -51.29% |
| Jun 30, 2023 | 53.57% |
| Jun 30, 2023 | 53.57% |