Banco Santander (SAN) Operating Expenses (2016 - 2026)

Banco Santander has reported Operating Expenses over the past 18 years, most recently at -$7.2 billion for Q1 2026.

  • For Q1 2026, Operating Expenses fell 8.76% year-over-year to -$7.2 billion; the TTM value through Mar 2026 reached -$28.5 billion, up 39.81%, while the annual FY2025 figure was -$7.4 billion, 72.57% up from the prior year.
  • Operating Expenses was -$7.2 billion for Q1 2026 at Banco Santander, up from -$7.4 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at -$6.2 billion in Q3 2022 and bottomed at -$26.9 billion in Q4 2024.
  • The 5-year median for Operating Expenses is -$7.0 billion (2024), against an average of -$10.2 billion.
  • Year-over-year, Operating Expenses fell 13.61% in 2023 and then skyrocketed 72.57% in 2025.
  • Over 5 years, Operating Expenses stood at -$24.4 billion in 2022, then fell by 8.9% to -$26.6 billion in 2023, then dropped by 1.45% to -$26.9 billion in 2024, then skyrocketed by 72.57% to -$7.4 billion in 2025, then increased by 2.89% to -$7.2 billion in 2026.
  • The last three reported values for Operating Expenses were -$7.2 billion (Q1 2026), -$7.4 billion (Q4 2025), and -$7.0 billion (Q3 2025) per Business Quant data.