Banco Santander (SAN) Operating Margin (2009 - 2024)
Banco Santander (SAN) posted Operating Margin of 59.37% for Q2 2024, up 1.13% sequentially from 58.71% in Q1 2024, and up 284.0% YoY from 15.46% in Q3 2023.
Banco Santander (SAN) Operating Margin (2009 - 2024) Analysis & Trends
Banco Santander (SAN) has 12 years of Operating Margin data on file, last reported at 59.37% in Q2 2024.
- Quarterly Operating Margin rose 284.0% year-over-year to 59.37% in Q2 2024, while the trailing twelve-month figure through Jun 2024 was 34.84% (up 2062.0% YoY) and the FY2025 annual result came in at 111.5%, down 3252.0% from the prior year.
- Operating Margin improved to 59.37% in Q2 2024 per SAN's latest filing, from 58.71% in the prior quarter.
- The five-year high for Operating Margin was 59.37% in Q2 2024, with the low at 3.56% in Q4 2022.
- Average Operating Margin over 5 years is 32.51%, with a median of 55.95% recorded in 2023.
- Year-over-year, Operating Margin tumbled 590 bps in 2020 and surged 1855 bps in 2023.
- Banco Santander's Operating Margin stood at 3.32% in 2020, then gained by 24 bps to 2.51% in 2021, then plunged by 42 bps to 3.56% in 2022, then jumped by 521 bps to 14.99% in 2023, then surged by 296 bps to 59.37% in 2024.
- Business Quant data shows SAN's Operating Margin at 59.37% in Q2 2024, 58.71% in Q1 2024, and 14.99% in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hsbc Holdings | 1,641.64 Bn | 1,642.09 Bn | - | 46.19% |
| 2 | Bank Of America | 423.61 Bn | -183.09 Bn | 29.24 Bn | 35.36% |
| 3 | Wells Fargo & Company | 264.70 Bn | 189.62 Bn | - | - |
| 4 | Citigroup | 256.70 Bn | -1,928.30 Bn | 19.85 Bn | 30.23% |
| 5 | UBS Group AG | 156.73 Bn | 156.73 Bn | - | - |
| 6 | Bank of New York Mellon | 100.92 Bn | 44.00 Bn | - | - |
| 7 | Jpmorgan Chase | 93.06 Bn | 120.14 Bn | - | - |
| 8 | Sumitomo Mitsui Financial | 92.45 Bn | 93.39 Bn | - | - |
| 9 | Bank of N.T. Butterfield & Son | 2.40 Bn | -454.67 Mn | 152.73 Mn | 40.28% |
| 10 | Banco Santander | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 59.37% |
| Mar 31, 2024 | 58.71% |
| Dec 31, 2023 | 14.99% |
| Sep 30, 2023 | 56.38% |
| Jun 30, 2023 | 56.54% |
| Mar 31, 2023 | 55.95% |
| Dec 31, 2022 | -3.57% |
| Dec 31, 2021 | -2.51% |
| Dec 31, 2020 | -3.32% |
| Dec 31, 2019 | 2.58% |
| Mar 31, 2019 | 52.85% |
| Dec 31, 2018 | 58.60% |
| Sep 30, 2018 | 54.26% |
| Jun 30, 2018 | 52.39% |
| Mar 31, 2018 | 53.38% |
| Dec 31, 2017 | 0.42% |
| Sep 30, 2017 | 1.32% |
| Jun 30, 2017 | 53.12% |
| Mar 31, 2017 | 53.92% |
| Jun 30, 2016 | 49.65% |