Banco Santander (SAN) Gross Margin (2009 - 2026)
Banco Santander's Gross Margin was 57.75% in Q3 2026, up 0.65 percentage points from the prior quarter.
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Analysis
Banco Santander (SAN) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Banco Santander's Gross Margin was -5.16% through Sep 30, 2026; for FY2025, it came in at 96.54%, up 1.66 percentage points from FY2024.
- Gross Margin has now increased for three consecutive years, though with a five-year change of -2.03 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 94.88% in FY2024 (+0.03 pp), 94.85% in FY2023 (+0.41 pp), 94.44% in FY2022 (-3.03 pp) and 97.47% in FY2021 (-1.10 pp).
- The Q3 2026 figure marks the highest quarterly Gross Margin since Q3 2018.
- Per Business Quant data, SAN's Gross Margin in the three quarters before Q3 2026 was 57.10% (Q2 2026), 57.17% (Q1 2026) and -197.20% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 905.34 Bn | 905.34 Bn | - | - |
| 2 | Bank Of America | 358.56 Bn | -2,017.55 Bn | - | - |
| 3 | Hsbc Holdings | 307.13 Bn | -1,796.46 Bn | - | - |
| 4 | Royal Bank Of Canada | 287.97 Bn | -542.07 Bn | - | - |
| 5 | Morgan Stanley | 284.27 Bn | -224.82 Bn | - | - |
| 6 | Goldman Sachs | 257.96 Bn | -3,485.49 Bn | - | - |
| 7 | Wells Fargo & Company | 256.22 Bn | 256.22 Bn | - | - |
| 8 | Mitsubishi Ufj Financial | 241.27 Bn | -100.12 Bn | 10.89 Bn | 109.61% |
| 9 | American Express | 219.29 Bn | 18.77 Bn | - | - |
| 10 | Banco Santander | 179.20 Bn | -506.19 Bn | 10.56 Bn | 57.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 57.75% |
| Jun 30, 2026 | 57.10% |
| Mar 31, 2026 | 57.17% |
| Dec 31, 2025 | -197.20% |
| Dec 31, 2024 | -226.03% |
| Dec 31, 2023 | -274.43% |
| Dec 31, 2022 | -335.25% |
| Dec 31, 2021 | -342.88% |
| Dec 31, 2020 | -450.74% |
| Dec 31, 2019 | -31.21% |
| Sep 30, 2018 | 100.00% |
| Jun 30, 2018 | 100.00% |
| Mar 31, 2018 | 100.00% |
| Dec 31, 2017 | 3.35% |
| Sep 30, 2017 | 0.83% |
| Jun 30, 2017 | 45.94% |
| Mar 31, 2017 | 100.00% |
| Dec 31, 2016 | 85.42% |
| Sep 30, 2016 | 2,159.84% |
| Jun 30, 2016 | 96.59% |
API Access
Banco Santander Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SAN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();