Banco Santander (SAN) Tax Rate (2009 - 2025)

Banco Santander has disclosed Tax Rate across 17 years of filings, most recently posting 83.09% for Q4 2025.

• Tax Rate for Q4 2025 came in at 83.09%, up 5732.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 25.54% (up 3056.0% YoY), and the FY2025 annual result was 3.18%, down 5.0% from the prior year.
• Tax Rate came in at 83.09% for Q4 2025 at Banco Santander, up from 0.84% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 92.12% in Q4 2023 to a low of 132.5% in Q4 2021.
• The 5-year median for Tax Rate is 2.5% (2022), against an average of 7.73%.
• Across the five-year window, Tax Rate tumbled 30186 bps in 2021 and soared 22070 bps in 2023, its largest moves.
• Banco Santander's Tax Rate stood at 132.5% in 2021, then grew by 3 bps to 128.58% in 2022, then soared by 172 bps to 92.12% in 2023, then sank by 72 bps to 25.77% in 2024, then soared by 222 bps to 83.09% in 2025.
• The last three Tax Rate figures came in at 83.09% (Q4 2025), 0.84% (Q2 2025), and 25.77% (Q4 2024), per Business Quant data.