v3.26.1
Statement of financial position, order of liquidity (Statement) - EUR (€)
€ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets [Line Items]    
Cash, cash balances at central banks and other demand deposits € 64,016 € 58,837
Current financial assets at fair value through profit or loss, classified as held for trading 154,695 123,185
Derivative financial assets held for trading 38,807 32,551
Equity instruments held at fair value through profit or loss, classified as held for trading 12,181 9,901
Debt instruments held for trading 36,343 30,846
Loans and advances to central banks held for trading 1,074 620
Loans and advances to banks held for trading 31,774 17,985
Loans and advances to customers held for trading assets 34,515 31,282
Financial assets at fair value through profit or loss, mandatorily measured at fair value 13,171 11,272
Equity instruments, mandatorily measured at fair value 12,253 10,539
Equity instruments, mandatorily measured at fair value 146 192
Loans and advances to customers at fair value through profit or loss mandatorily measured at fair value 772 541
Financial liabilities at fair value through profit or loss 1,007 1,006
Debt securities at fair value through profit or loss designated upon initial recognition or subsequently 1,007 1,006
Financial assets at fair value through other comprehensive income 62,205 58,809
Investments in equity instruments designated at fair value through other comprehensive income 790 1,360
Debt securities at fair value through other comprehensive income 60,669 57,001
Loans and advances to credit institutions at fair value through other comprehensive income 746 448
Financial assets at amortised cost 627,627 568,893
Debt instruments held at amortised cost 73,703 73,379
Loans and advances to central banks 12,089 10,869
Loans and advances to central banks at amortised cost 32,411 24,244
Loans and advances to customers at amortised cost 509,424 460,401
Derivative financial assets held for hedging 666 570
Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets (88) (87)
Investments in subsidiaries, joint ventures and associates 997 994
Investments in joint ventures 191 111
Investments in associates 806 883
Insurance contracts issued that are assets 242 198
Tangible assets 9,770 9,482
Property, plant and equipment 9,518 9,247
Property plant and equipment for own use 8,571 8,367
tangible assets leased out under an operating lease 947 879
Investment property 251 235
Intangible assets and goodwill 3,123 2,856
Goodwill 767 715
Intangible assets other than goodwill 2,356 2,140
Tax assets 17,158 17,867
Current tax assets 3,006 3,998
Deferred tax assets 14,152 13,869
Other assets 5,973 4,985
Insurance contracts linked to pensions 0 0
Inventories 1,331 1,307
Rest other assets 4,642 3,678
Non-current assets or disposal groups classified as held for sale 4,864 709
Assets 965,426 859,576 [1]
Equity and Liabilities [Line Items]    
Current financial liabilities at fair value through profit or loss, classified as held for trading 119,389 91,917
Derivative financial liabilities held for trading 36,160 30,345
Short positions held for trading 13,751 13,100
Deposits from central banks held for trading 5,947 3,653
Deposits from credit institutions held for trading 21,683 18,138
Customer deposits held for trading 41,848 26,681
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently 21,450 18,417
Deposits from central banks at fair value through profit or loss, designated upon initial recognition or subsequently 0 0
Deposits from credit institutions at fair value 0 0
Customer deposits at fair value 865 897
Debt securities at fair value through profit or loss designated upon initial recognition or subsequently 6,810 5,997
Other financial liabilities at fair value 13,774 11,524
Financial liabilities at amortised cost 725,029 658,599
Liabilities due to central banks 19,291 17,226
Deposits from banks 44,263 36,771
Deposits from customers at amortised cost 532,981 502,501
Debt Securities at amortized cost 106,155 81,842
Other financial liabilities 22,339 20,258
Derivative financial liabilities held for hedging 2,102 1,933
Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities 0 0
Liabilities Covered by Insurance and Reinsurance contracts 13,782 12,760
Provisions 4,343 4,422
Provisions for employee benefits 2,096 2,267
Other long term employees benefits 404 332
Legal proceedings provision 764 805
Provisions commitments and guarantees given 774 725
Other provisions [2] 305 293
Tax liabilities 4,682 4,020
Current tax liabilities 1,685 1,480
Deferred tax liabilities 2,997 2,540
Other liabilities 7,394 5,709
Liabilities included in disposal groups classified as held for sale 3,463 0
Liabilities 901,635 797,778
Shareholders equity 75,614 76,228
Issued capital 2,735 2,797
Additional paid-in capital 2,735 2,797
Unpaid capital which has been called up 0 0
Share premium 16,945 18,469
Equity instruments issued other than capital 0 0
Other equity interest 33 40
Retained earnings 51,441 46,346
Revaluation surplus 0 0
Other reserves (600) 203
Reserves or accumulated losses of investments in subsidaries joint ventures and associates (202) (228)
Other reserves other (398) 431
Treasury shares 990 299
Profits or losses attributable to owners of the parent 6,051 10,511
Interim dividends 0 (1,840)
Accumulated other comprehensive income (16,661) (18,871)
Items that will not be reclassified to profit or loss (1,941) (2,505)
Actuarial gains or losses on defined benefit pension plans (1,686) (1,396)
Non-current assets and disposal groups classified as held for sale (not reclassified) 1 0
Share of other recognised income and expense of investments in subsidaries joint ventures and associates (not reclassified) 0 0
Other comprehensive income, net of tax, change in fair value of equity instruments measured at fair value with changes in other comprehensive income (216) (983)
Hedge ineffectiveness of fair value hedges for equity instruments measured at fair value through other comprehensive income that will not be reclassified to profit or loss 0 0
Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk (41) (127)
Items that may be reclassified to profit or loss (14,720) (16,366)
Hedge of net investments in foreign operations effective portion that may be reclassified to profit or loss (3,561) (3,117)
Foreign currency translation that may be reclassified to profit or loss (10,965) (13,340)
Hedging derivatives cash flow hedges effective portion that may be reclassified to profit or loss 315 311
Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss (476) (209)
Hedging instruments non-designated items that may be reclassified to profit or loss (2) (4)
Non-current assets and disposal groups classified as held for sale may be reclassified (35) 0
Share of other recognised income and expense of investments in subsidaries joint ventures and associates 3 (7)
Non-controlling interests 4,839 4,441
Accumulated other comprehensive income non controlling interest (2,801) (3,059)
Other non controlling interest items 7,641 7,500
Adjusted initial balance 63,792 61,798 [3]
Equity and liabilities € 965,426 € 859,576
[1]
(1) In the first quarter of 2026 certain immaterial balance sheet amounts related to specific activities undertaken by the business units were reallocated between the operating segments and the Corporate Center. As a result, certain immaterial income and expenses were reallocated, in particular, between Spain, Mexico, South America and Rest of Business and the Corporate Center. In order to make the period-on-period comparison homogeneous, the figures for year 2025 have been revised, which has not affected the consolidated financial information of the Group.
[2]
(1) Individually non-significant provisions for various concepts and corresponding to different geographical areas.
[3] (1) Balances as of December 31, 2025 as originally reported in the consolidated financial statements for the year 2025