Banco Santander (SAN) Operating Margin (2009 - 2026)
Banco Santander (SAN) recorded Operating Margin of 58.18% in Q3 2026, up 0.92 percentage points from the prior quarter.
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Analysis
Banco Santander (SAN) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Banco Santander's Operating Margin came in at -71.62% as of Sep 30, 2026; for FY2025, it was -1.85%, up 5.40 percentage points from FY2024.
- Annual Operating Margin has a five-year change of -53.38 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at -7.26% in FY2024 (-0.67 pp), -6.59% in FY2023 (-12.69 pp), 6.11% in FY2022 (-46.38 pp) and 52.49% in FY2021 (+0.96 pp).
- The Q3 2026 figure is the highest quarterly Operating Margin since Q3 2024.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 47.59 percentage points in Q3 2024, against a drop of 272.80 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 57.26% (Q2 2026), 57.17% (Q1 2026) and -468.50% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 905.34 Bn | 905.34 Bn | - | - |
| 2 | Bank Of America | 358.56 Bn | -2,017.55 Bn | - | - |
| 3 | Hsbc Holdings | 307.13 Bn | -1,796.46 Bn | - | 48.15% |
| 4 | Royal Bank Of Canada | 287.97 Bn | -542.07 Bn | - | - |
| 5 | Morgan Stanley | 284.27 Bn | -224.82 Bn | - | - |
| 6 | Goldman Sachs | 257.96 Bn | -3,485.49 Bn | - | - |
| 7 | Wells Fargo & Company | 256.22 Bn | 256.22 Bn | - | - |
| 8 | Mitsubishi Ufj Financial | 241.27 Bn | -100.12 Bn | 10.89 Bn | 51.45% |
| 9 | American Express | 219.29 Bn | 18.77 Bn | - | - |
| 10 | Banco Santander | 179.20 Bn | -506.19 Bn | 10.56 Bn | 58.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 58.18% |
| Jun 30, 2026 | 57.26% |
| Mar 31, 2026 | 57.17% |
| Dec 31, 2025 | -468.50% |
| Dec 31, 2024 | -195.69% |
| Sep 30, 2024 | 195.99% |
| Dec 31, 2023 | -191.59% |
| Sep 30, 2023 | 148.40% |
| Dec 31, 2022 | -130.62% |
| Sep 30, 2022 | 159.69% |
| Dec 31, 2021 | -142.60% |
| Sep 30, 2021 | 153.40% |
| Dec 31, 2020 | -45.23% |
| Sep 30, 2020 | 54.24% |
| Dec 31, 2019 | 12.91% |
| Sep 30, 2019 | 54.10% |
| Jun 30, 2019 | 52.81% |
| Mar 31, 2019 | 52.35% |
| Sep 30, 2018 | 54.26% |
| Jun 30, 2018 | 52.39% |
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();