Banco Santander (SAN) Operating Expenses (2009 - 2026)
Banco Santander (SAN) recorded Operating Expenses of -$7.44 billion in the quarter ended Jun 30, 2026, compared with -$6.91 billion a year earlier.
Powered by 
Analysis
Banco Santander (SAN) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Banco Santander's Operating Expenses came in at -$30.79 billion as of Jun 30, 2026; for the year ended Dec 31, 2025, it was -$8.87 billion.
- Across earlier years, Operating Expenses came in at -$9.14 billion in the year ended Dec 31, 2024, -$10.45 billion in the year ended Dec 31, 2023, -$9.29 billion in the year ended Dec 31, 2022 and -$8.34 billion in the year ended Dec 31, 2021.
- Quarterly Operating Expenses has ranged from -$27.36 billion in the quarter ended Dec 31, 2023 to -$6.21 billion in the quarter ended Sep 30, 2022 over the past five years.
- Per Business Quant, the preceding three quarters came in at -$7.18 billion (quarter ended Mar 31, 2026), -$9.14 billion (quarter ended Dec 31, 2025) and -$7.03 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 903.40 Bn | 903.40 Bn | - | 27.30 Bn |
| 2 | Bank Of America | 362.39 Bn | -2,013.68 Bn | - | 18.63 Bn |
| 3 | Hsbc Holdings | 300.13 Bn | -1,529.03 Bn | - | 16.82 Bn |
| 4 | Morgan Stanley | 290.76 Bn | 290.76 Bn | - | 13.71 Bn |
| 5 | Royal Bank Of Canada | 286.28 Bn | -543.76 Bn | - | 7.02 Bn |
| 6 | Goldman Sachs | 273.64 Bn | 273.64 Bn | - | 11.31 Bn |
| 7 | Wells Fargo & Company | 251.74 Bn | 251.74 Bn | - | - |
| 8 | Mitsubishi Ufj Financial | 244.81 Bn | -96.58 Bn | 10.89 Bn | 17.50 Bn |
| 9 | Toronto Dominion Bank | 217.06 Bn | -458.81 Bn | - | 6.08 Bn |
| 10 | Banco Santander | 185.46 Bn | -496.54 Bn | 10.41 Bn | 7.44 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.44 Bn |
| Mar 31, 2026 | 7.18 Bn |
| Dec 31, 2025 | 47.88 Bn |
| Sep 30, 2025 | 7.03 Bn |
| Jun 30, 2025 | 6.91 Bn |
| Mar 31, 2025 | 6.58 Bn |
| Dec 31, 2024 | 26.87 Bn |
| Sep 30, 2024 | 6.97 Bn |
| Jun 30, 2024 | 6.86 Bn |
| Mar 31, 2024 | 7.11 Bn |
| Dec 31, 2023 | 27.36 Bn |
| Sep 30, 2023 | 7.06 Bn |
| Jun 30, 2023 | 6.90 Bn |
| Mar 31, 2023 | 6.60 Bn |
| Dec 31, 2022 | 24.39 Bn |
| Sep 30, 2022 | 6.21 Bn |
| Jun 30, 2022 | 6.30 Bn |
| Mar 31, 2022 | 6.21 Bn |
| Dec 31, 2021 | 24.50 Bn |
| Sep 30, 2021 | 6.37 Bn |
API Access
Banco Santander Operating Expenses 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=operating-expenses&ticker=SAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=SAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();