v3.26.1
Consolidated Income Statements - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
IFRS Statement [Line Items]      
Interest income € 101,710.0 € 109,012.0 € 101,742.0
Interest expense (59,362.0) (65,225.0) (61,092.0)
Interest income/(charges) 42,348.0 43,787.0 40,650.0
Dividend income 715.0 710.0 568.0
Income from companies accounted for using the equity method 665.0 687.0 591.0
Commission income 17,387.0 16,834.0 15,644.0
Commission expense (4,411.0) (4,458.0) (4,149.0)
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net 127.0 (117.0) 96.0
Gain or losses on financial assets and liabilities held for trading, net 1,017.0 1,344.0 2,316.0
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss 1,106.0 495.0 198.0
Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net (307.0) 691.0 (92.0)
Gain or losses from hedge accounting, net 12.0 14.0 69.0
Exchange differences, net 407.0 (216.0) (22.0)
Other operating income [1] 1,583.0 846.0 1,137.0
Other operating expenses (2,429.0) (2,595.0) (3,066.0)
Income from insurance and reinsurance contracts 476.0 470.0 460.0
Expenses from insurance and reinsurance contracts (385.0) (449.0) (449.0)
Total income 58,311.0 58,043.0 53,951.0
Administrative expenses (21,601.0) (22,036.0) (21,598.0)
Staff costs (13,656.0) (13,851.0) (13,299.0)
Other general administrative expenses (7,945.0) (8,185.0) (8,299.0)
Depreciation and amortisation cost (3,178.0) (3,179.0) (3,086.0)
Provisions or reversal of provisions, net (2,302.0) (3,062.0) (2,058.0)
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes (12,546.0) (12,136.0) (12,298.0)
Impairment or reversal of impairment of investments in subsidiaries, joint ventures and associates, net 0.0 0.0 0.0
Impairment or reversal of impairment on non-financial assets, net (251.0) (624.0) (237.0)
Tangible assets (129.0) (382.0) (135.0)
Intangible assets (112.0) (231.0) (73.0)
Others (10.0) (11.0) (29.0)
Gain or losses on non-financial assets and investments, net 0.0 368.0 312.0
Negative goodwill recognized in results 22.0 0.0 39.0
Gains or losses on non-current assets held for sale not classified as discontinued operations 226.0 (27.0) (20.0)
Operating profit/(loss) before tax 18,681.0 17,347.0 15,005.0
Tax expense or income from continuing operations (4,723.0) (4,844.0) (3,880.0)
Profit/(loss) from continuing operations 13,958.0 12,503.0 11,125.0
Profit/(loss) after tax from discontinued operations 1,542.0 1,241.0 1,058.0
Profit/(loss) for the year 15,500.0 13,744.0 12,183.0
Profit/(loss) attributable to non-controlling interests 1,399.0 1,170.0 1,107.0
Profit/(loss) attributable to the parent € 14,101.0 € 12,574.0 € 11,076.0
Earnings/(losses) per share      
Basic (in euro per share) € 0.905 € 0.771 € 0.654
Diluted (in euro per share) € 0.900 € 0.768 € 0.651
Other financial assets and liabilities      
IFRS Statement [Line Items]      
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net € 216.0 € 73.0 € 99.0
Financial assets at fair value through other comprehensive income      
IFRS Statement [Line Items]      
Interest income 5,713.0 6,931.0 5,533.0
Dividend income 102.0 118.0 86.0
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes (29.0) 1.0 (24.0)
Financial assets at amortized cost      
IFRS Statement [Line Items]      
Interest income 76,248.0 80,992.0 74,799.0
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net (89.0) (190.0) (3.0)
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes (12,517.0) (12,137.0) (12,274.0)
Other interest income      
IFRS Statement [Line Items]      
Interest income 19,749.0 21,089.0 21,410.0
Reclassification of financial assets at fair value through other comprehensive income      
IFRS Statement [Line Items]      
Gain or losses on financial assets and liabilities held for trading, net 0.0 0.0 0.0
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss 0.0 0.0 0.0
Reclassification of financial assets at amortized cost      
IFRS Statement [Line Items]      
Gain or losses on financial assets and liabilities held for trading, net 0.0 0.0 0.0
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss 0.0 0.0 0.0
Other gains (losses)      
IFRS Statement [Line Items]      
Gain or losses on financial assets and liabilities held for trading, net 1,017.0 1,344.0 2,316.0
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss € 1,106.0 € 495.0 € 198.0
[1] Includes EUR -486 million at 31 December 2025 (EUR -1,225 and EUR -1,016 at 31 December 2024 and 2023, respectively) derived from the net loss generated in Argentina as a result of the application of IAS 29 Financial reporting in hyperinflationary economies.