Banco Santander (SAN) Operating Expenses (2009 - 2026)

Banco Santander has reported Operating Expenses for 18 years, with the latest figure at -$7.4 billion in Q2 2026.

• Quarterly Operating Expenses fell 7.68% year-over-year to -$7.4 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$30.8 billion (up 34.96% YoY) and the FY2025 annual result came in at -$8.9 billion, up 2.97% from the prior year.
• Operating Expenses fell to -$7.4 billion in Q2 2026 per SAN's latest filing, from -$7.2 billion in the prior quarter.
• Over five years, Operating Expenses peaked at -$6.2 billion in Q3 2022 and troughed at -$27.4 billion in Q4 2023.
• A 5-year average of -$10.2 billion and a median of -$7.0 billion in 2024 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2025: Operating Expenses decreased 13.61% in 2023, then surged 66.01% in 2025.
• Over 5 years, Operating Expenses stood at -$24.4 billion in 2022, then fell by 12.17% to -$27.4 billion in 2023, then gained by 1.76% to -$26.9 billion in 2024, then surged by 66.01% to -$9.1 billion in 2025, then increased by 18.5% to -$7.4 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered -$7.4 billion, -$7.2 billion, and -$9.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.