Banco Santander (SAN) Tax Rate (2011 - 2025)
Banco Santander's (SAN) quarterly Tax Rate came in at 83.09% in Q4 2025, down 1411.0% year-over-year from 6.34% in Q4 2024, and down 14.51% quarter-over-quarter from 97.2% in Q4 2024.
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Banco Santander (SAN) Tax Rate (2011 - 2025) Analysis & Trends
Banco Santander has disclosed Tax Rate across 11 years of filings, most recently posting 83.09% for Q4 2025.
- In Q4 2025, Tax Rate fell 1411.0% year-over-year to 83.09%; the TTM figure through Dec 2025 stood at 56.48% (up 3463.0% YoY), while the FY2025 annual figure was 25.28%, down 264.0% from the prior year.
- Tax Rate came in at 83.09% for Q4 2025 at Banco Santander, down from 97.2% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 126.6% in Q4 2022 to a low of 21.95% in Q4 2023.
- Average Tax Rate over 4 years is 82.21%, with a median of 90.14% recorded in 2024.
- Year-over-year, Tax Rate sank 10465 bps in 2023 and surged 7524 bps in 2024.
- Over 4 years, Tax Rate stood at 126.6% in 2022, then slumped by 83 bps to 21.95% in 2023, then soared by 343 bps to 97.2% in 2024, then dropped by 15 bps to 83.09% in 2025.
- Per Business Quant data, the three most recent Tax Rate figures were 83.09% in Q4 2025, 97.2% in Q4 2024, and 21.95% in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 439.96 Bn | -148.54 Bn | 30.39 Bn | 21.54% |
| 2 | Morgan Stanley | 342.23 Bn | 182.09 Bn | - | 23.07% |
| 3 | Goldman Sachs | 302.60 Bn | -673.74 Bn | - | 22.60% |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 24.29% |
| 5 | Royal Bank Of Canada | 295.00 Bn | 68.16 Bn | - | 22.26% |
| 6 | Wells Fargo & Company | 272.35 Bn | 70.52 Bn | - | 17.42% |
| 7 | American Express | 220.11 Bn | 170.79 Bn | 17.99 Bn | 23.61% |
| 8 | Banco Santander | 218.87 Bn | 226.49 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 205.51 Bn | 44.18 Bn | - | -38.63% |
| 10 | Schwab Charles | 189.00 Bn | 115.41 Bn | - | 23.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 83.09% |
| Dec 31, 2024 | 97.20% |
| Dec 31, 2023 | 21.95% |
| Dec 31, 2022 | 126.60% |
| Dec 31, 2018 | -197.58% |
| Sep 30, 2018 | -37.17% |
| Dec 31, 2016 | 427.90% |
| Jun 30, 2016 | -15.96% |
| Mar 31, 2016 | 100.00% |
| Dec 31, 2015 | 469.85% |
| Sep 30, 2015 | 197.20% |
| Jun 30, 2015 | 2.69% |
| Mar 31, 2015 | 100.00% |
| Dec 31, 2014 | -88.13% |
| Sep 30, 2014 | 400.31% |
| Jun 30, 2014 | 293.37% |
| Mar 31, 2014 | 272.06% |
| Dec 31, 2013 | -10.63% |
| Sep 30, 2013 | 261.58% |
| Jun 30, 2013 | 196.69% |