Equity (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Equity [abstract] |
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| Schedule of other comprehensive income components |
Breakdown of other comprehensive income - Items not reclassified to profit or loss and Items that may be reclassified to profit or loss | | | | | | | | | | EUR million | | 30-06-2025 | 31-12-2024 | | Other comprehensive income accumulated | (37,565) | (36,595) | | Items not reclassified to profit or loss | (4,060) | (4,757) | | Actuarial gains or losses on defined benefit pension plans | (3,997) | | (4,404) | | | Non-current assets held for sale | 50 | | — | | | Share in other income and expenses recognised in investments, joint ventures and associates | — | | (1) | | | Other valuation adjustments | — | | — | | | Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income | (235) | | (432) | | Inefficacy of fair value hedges of equity instruments measured at fair value with changes
in other comprehensive income | — | | — | | Changes in the fair value of equity instruments measured at fair value with changes
in other comprehensive income (hedged item) | 189 | | 284 | | Changes in the fair value of equity instruments measured at fair value with changes
in other comprehensive income (hedging instrument) | (189) | | (284) | | Changes in the fair value of financial liabilities measured at fair value through profit or loss
attributable to changes in credit risk | 122 | | 80 | | | Items that may be reclassified to profit or loss | (33,505) | (31,838) | | Hedge of net investments in foreign operations (effective portion) | (6,781) | | (8,002) | | | Exchange differences | (25,567) | | (22,375) | | | Hedging derivatives (effective portion) | 215 | | (298) | | | Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income | (293) | | (736) | | | Hedging instruments (items not designated) | — | | — | | | Non-current assets held for sale | (636) | | — | | | Share in other income and expenses recognised in investments, joint ventures and associates | (443) | | (427) | |
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| Schedule of changes in fair value of equity instruments that will not be reclassified |
Below is a breakdown of the composition of the balance as of 30 June 2025 and 31 December 2024 under 'Other comprehensive income - Items not reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income' depending on the geographical origin of the issuer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | EUR million | | 30-06-2025 | 31-12-2024 | | Revaluation gains | Revaluation losses | Net revaluation gains/(losses) | Fair value | Revaluation gains | Revaluation losses | Net revaluation gains/(losses) | Fair value | | Equity instruments | | | | | | | | | | Domestic | | | | | | | | | | Spain | 40 | | (1,325) | | (1,285) | | 144 | | 39 | | (1,328) | | (1,289) | | 117 | | | International | | | | | | | | | | Rest of Europe | 75 | | (71) | | 4 | | 188 | | 131 | | (71) | | 60 | | 299 | | | United States | 24 | | — | | 24 | | 38 | | 22 | | — | | 22 | | 24 | | | Latin America and rest | 1,022 | | — | | 1,022 | | 1,930 | | 775 | | — | | 775 | | 1,753 | | | 1,161 | | (1,396) | | (235) | | 2,300 | | 967 | | (1,399) | | (432) | | 2,193 | | | Of which: | | | | | | | | | | Listed | 1,043 | | (48) | | 995 | | 1,999 | | 779 | | (51) | | 728 | | 1,780 | | | Unlisted | 118 | | (1,348) | | (1,230) | | 301 | | 188 | | (1,348) | | (1,160) | | 413 | |
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| Schedule of other comprehensive income, that may be reclassified to profit or loss, by type of instrument and geographical origin of the issuer |
Below is a breakdown of the composition of the balance as of 30 June 2025 and 31 December 2024 under Other comprehensive income - Items that may be reclassified to profit or loss - Changes in the fair value of debt instruments measured at fair value through other comprehensive income depending on the type of instrument and the geographical origin of the issuer: | | | | | | | | | | | | | | | | | | | | | | | | | | | | EUR million | | 30-06-2025 | 31-12-2024 | | Revaluation gains | Revaluation losses | Net revaluation gains/(losses) | Fair value | Revaluation gains | Revaluation losses | Net revaluation gains/(losses) | Fair value | | Debt instruments | | | | | | | | | | Issued by public Public-sector | | | | | | | | | | Spain | 107 | | — | | 107 | | 10,102 | | 103 | | — | | 103 | | 13,764 | | | Rest of Europe | 282 | | (33) | | 249 | | 9,223 | | 268 | | (70) | | 198 | | 15,413 | | | Latin America and rest of the world | 95 | | (672) | | (577) | | 33,257 | | 76 | | (944) | | (868) | | 38,784 | | | Issued by Private-sector | | | | | | | | | | Spain | 64 | | (69) | | (5) | | 8,045 | | 96 | | (23) | | 73 | | 6,019 | | | Rest of Europe | 33 | | (14) | | 19 | | 7,410 | | 25 | | (18) | | 7 | | 7,478 | | | Latin America and rest of the world | 90 | | (176) | | (86) | | 5,464 | | 16 | | (265) | | (249) | | 6,247 | | | 671 | | (964) | | (293) | | 73,501 | | 584 | | (1,320) | | (736) | | 87,705 | |
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