Banco Santander (SAN) Net Margin (2015 - 2026)

Banco Santander has disclosed Net Margin across 12 years of filings, most recently posting 36.03% for Q1 2026.

• Net Margin for Q1 2026 came in at 36.03%, up 1270.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 27.35% (up 593.0% YoY), and the FY2025 annual result was 24.18%, up 252.0% from the prior year.
• Net Margin came in at 36.03% for Q1 2026 at Banco Santander, up from 24.82% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 61.09% in Q3 2023 to a low of 4.39% in Q4 2022.
• The 5-year median for Net Margin is 21.52% (2024), against an average of 24.44%.
• Across the five-year window, Net Margin jumped 7190 bps in 2022 and tumbled 3957 bps in 2024, its largest moves.
• Banco Santander's Net Margin stood at 4.39% in 2022, then soared by 359 bps to 20.16% in 2023, then rose by 1 bps to 20.37% in 2024, then gained by 22 bps to 24.82% in 2025, then jumped by 45 bps to 36.03% in 2026.
• The last three Net Margin figures came in at 36.03% (Q1 2026), 24.82% (Q4 2025), and 24.46% (Q3 2025), per Business Quant data.