Banco Santander (SAN) Net Margin (2009 - 2026)
Banco Santander (SAN) recorded Net Margin of 11.41% in the quarter ended Jun 30, 2026, down 0.43 percentage points from 11.84% a year earlier and down 24.62 percentage points from the prior quarter.
Banco Santander (SAN) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Banco Santander's Net Margin came in at 15.60% as of Jun 30, 2026, down 3.18 percentage points year-over-year; for the year ended Dec 31, 2025, it was 24.18%, up 2.52 percentage points from the prior year.
- Annual Net Margin has increased for five straight years, with a five-year change of +43.99 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Net Margin came in at 21.66% in the year ended Dec 31, 2024 (+1.13 pp), 20.53% in the year ended Dec 31, 2023 (+2.10 pp), 18.43% in the year ended Dec 31, 2022 (+0.92 pp) and 17.51% in the year ended Dec 31, 2021 (+37.32 pp).
- Quarterly Net Margin has ranged from 6.42% in the quarter ended Dec 31, 2025 to 36.03% in the quarter ended Mar 31, 2026 over the past five years.
- On a year-over-year basis, Net Margin rose in six of the last eight quarters, with an average year-over-year change of +0.99 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 101.49 percentage points in the quarter ended Dec 31, 2021, against a drop of 13.96 percentage points in the quarter ended Dec 31, 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 36.03% (quarter ended Mar 31, 2026), 6.42% (quarter ended Dec 31, 2025) and 23.76% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.60 Bn | 896.60 Bn | - | 36.19% |
| 2 | Bank Of America | 363.46 Bn | -2,012.61 Bn | - | 27.72% |
| 3 | Hsbc Holdings | 325.99 Bn | -1,503.17 Bn | - | - |
| 4 | Morgan Stanley | 278.62 Bn | -230.47 Bn | - | 25.46% |
| 5 | Royal Bank Of Canada | 271.61 Bn | -558.43 Bn | - | 32.48% |
| 6 | Goldman Sachs | 260.21 Bn | -3,296.90 Bn | - | 31.46% |
| 7 | Mitsubishi Ufj Financial | 249.25 Bn | -45.69 Bn | 10.89 Bn | - |
| 8 | Wells Fargo & Company | 243.09 Bn | 243.09 Bn | - | 27.23% |
| 9 | American Express | 207.03 Bn | -1.15 Bn | - | 15.84% |
| 10 | Banco Santander | 198.79 Bn | -483.21 Bn | 10.41 Bn | 22.43% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.43% |
| Mar 31, 2026 | 36.03% |
| Dec 31, 2025 | 24.82% |
| Sep 30, 2025 | 24.46% |
| Jun 30, 2025 | 23.66% |
| Mar 31, 2025 | 696.21% |
| Dec 31, 2024 | 20.37% |
| Sep 30, 2024 | 21.47% |
| Jun 30, 2024 | 20.47% |
| Mar 31, 2024 | 18.96% |
| Dec 31, 2023 | 20.16% |
| Sep 30, 2023 | 19.53% |
| Jun 30, 2023 | 18.95% |
| Mar 31, 2023 | 18.47% |
| Dec 31, 2022 | 16.93% |
| Sep 30, 2022 | 17.98% |
| Jun 30, 2022 | 18.35% |
| Mar 31, 2022 | 20.67% |
| Dec 31, 2021 | 19.32% |
| Sep 30, 2021 | 22.66% |
Banco Santander Net 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=net-margin&ticker=SAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();