Banco Santander (SAN) Operating Margin (2009 - 2026)
Banco Santander's (SAN) quarterly Operating Margin came in at 29.14% in Q2 2026, down 8782.0% year-over-year from 0.34% in Q2 2025, and down 49.04% quarter-over-quarter from 57.17% in Q1 2026.
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Analysis
Banco Santander (SAN) Operating Margin (2009 - 2026) Analysis & Trends
Banco Santander has disclosed Operating Margin across 18 years of filings, most recently posting 29.14% for Q2 2026.
- In Q2 2026, Operating Margin fell 8782.0% year-over-year to 29.14%; the TTM figure through Jun 2026 stood at 87.11% (down 1120.0% YoY), while the FY2025 annual figure was 150.67%, down 140.0% from the prior year.
- Operating Margin came in at 29.14% for Q2 2026 at Banco Santander, down from 57.17% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 256.03% in Q4 2022 to a low of 20.31% in Q3 2024.
- Average Operating Margin over 5 years is 125.47%, with a median of 127.45% recorded in 2024.
- Year-over-year, Operating Margin soared 20389 bps in 2022 and tumbled 13481 bps in 2025.
- Over 5 years, Operating Margin stood at 256.03% in 2022, then retreated by 0 bps to 255.29% in 2023, then decreased by 5 bps to 242.84% in 2024, then plunged by 56 bps to 108.03% in 2025, then tumbled by 73 bps to 29.14% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 29.14% in Q2 2026, 57.17% in Q1 2026, and 108.03% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 439.96 Bn | 559.90 Bn | - | - |
| 2 | Bank Of America | 394.48 Bn | -194.01 Bn | 30.39 Bn | 37.28% |
| 3 | Hsbc Holdings | 348.97 Bn | 349.02 Bn | - | - |
| 4 | Morgan Stanley | 314.73 Bn | 154.60 Bn | - | - |
| 5 | Royal Bank Of Canada | 285.58 Bn | 58.73 Bn | - | - |
| 6 | Goldman Sachs | 276.87 Bn | -699.48 Bn | - | - |
| 7 | Mitsubishi Ufj Financial | 274.03 Bn | -110.29 Bn | 10.89 Bn | - |
| 8 | Wells Fargo & Company | 251.82 Bn | 49.99 Bn | - | - |
| 9 | Banco Santander | 212.85 Bn | 220.46 Bn | 28.01 Bn | 29.14% |
| 10 | Toronto Dominion Bank | 207.22 Bn | 45.89 Bn | - | 6.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.14% |
| Mar 31, 2026 | 57.17% |
| Dec 31, 2025 | 108.03% |
| Sep 30, 2025 | 110.31% |
| Jun 30, 2025 | 116.95% |
| Mar 31, 2025 | 138.67% |
| Dec 31, 2024 | 242.84% |
| Sep 30, 2024 | 20.31% |
| Jun 30, 2024 | 117.34% |
| Mar 31, 2024 | 137.56% |
| Dec 31, 2023 | 255.29% |
| Sep 30, 2023 | 56.38% |
| Jun 30, 2023 | 139.67% |
| Mar 31, 2023 | 138.69% |
| Dec 31, 2022 | 256.03% |
| Sep 30, 2022 | 54.54% |
| Jun 30, 2022 | 138.23% |
| Mar 31, 2022 | 141.24% |
| Dec 31, 2021 | 52.14% |
| Sep 30, 2021 | 18.86% |
API Access
Banco Santander Operating 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=operating-margin&ticker=SAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=SAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();