<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019cb87c-aa23-7337-b779-5cb5db6f7738,g:c00f3520-84da-4d04-8761-7f0bfa85dbc0-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="https://xbrl.org/2023/arcrole/summation-item" xlink:type="simple" xlink:href="https://www.xbrl.org/2023/calculation-1.1.xsd#summation-item"/>
  <link:roleRef roleURI="http://www.bbva.es/role/StatementoffinancialpositionorderofliquidityStatement" xlink:type="simple" xlink:href="bbva-20260630.xsd#StatementoffinancialpositionorderofliquidityStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/StatementoffinancialpositionorderofliquidityStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests_019f934e-bf38-73cd-ad80-a38950789ba6" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest_019f934e-bf38-70d7-b149-0bf63e4ddb2e" xlink:href="bbva-20260630.xsd#bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_NoncontrollingInterests_019f934e-bf38-73cd-ad80-a38950789ba6" xlink:to="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest_019f934e-bf38-70d7-b149-0bf63e4ddb2e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherNonControllingInterestItems_019f934e-bf38-7543-983d-0880b2167b34" xlink:href="bbva-20260630.xsd#bbva_OtherNonControllingInterestItems"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_NoncontrollingInterests_019f934e-bf38-73cd-ad80-a38950789ba6" xlink:to="loc_bbva_OtherNonControllingInterestItems_019f934e-bf38-7543-983d-0880b2167b34" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_019f933b-3161-7e6a-a185-4d081e61fb53" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_019f933b-3161-7f3d-8f4a-5b7325e374c1" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_019f933b-3161-7e6a-a185-4d081e61fb53" xlink:to="loc_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_019f933b-3161-7f3d-8f4a-5b7325e374c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome_019f933b-3161-7061-adae-2381de1dd9c9" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_019f933b-3161-7e6a-a185-4d081e61fb53" xlink:to="loc_ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome_019f933b-3161-7061-adae-2381de1dd9c9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToBanksMeasuredAtFairValueThroughOtherComprehensiveIncome_019f933b-3161-75df-ac19-c78278be8cd2" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToBanksMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_019f933b-3161-7e6a-a185-4d081e61fb53" xlink:to="loc_ifrs-full_LoansAndAdvancesToBanksMeasuredAtFairValueThroughOtherComprehensiveIncome_019f933b-3161-75df-ac19-c78278be8cd2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_019f933c-0665-7c84-808f-0ca1e57d13a3" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInJointVentures_019f933c-0665-7d67-b861-706979e3f33d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInJointVentures"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_019f933c-0665-7c84-808f-0ca1e57d13a3" xlink:to="loc_ifrs-full_InvestmentsInJointVentures_019f933c-0665-7d67-b861-706979e3f33d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInAssociates_019f933c-0665-7e78-be16-70b245cf0b82" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInAssociates"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_019f933c-0665-7c84-808f-0ca1e57d13a3" xlink:to="loc_ifrs-full_InvestmentsInAssociates_019f933c-0665-7e78-be16-70b245cf0b82" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Provisions_019f9344-5db0-74eb-8667-f0992dc619f2" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Provisions"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionsForEmployeeBenefits_019f9344-5db0-78a7-aaac-114e947ba343" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProvisionsForEmployeeBenefits"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_019f9344-5db0-74eb-8667-f0992dc619f2" xlink:to="loc_ifrs-full_ProvisionsForEmployeeBenefits_019f9344-5db0-78a7-aaac-114e947ba343" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherLongTermEmployeesBenefits_019f9344-5db0-70fd-9848-fa2c355a7579" xlink:href="bbva-20260630.xsd#bbva_OtherLongTermEmployeesBenefits"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_019f9344-5db0-74eb-8667-f0992dc619f2" xlink:to="loc_bbva_OtherLongTermEmployeesBenefits_019f9344-5db0-70fd-9848-fa2c355a7579" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LegalProceedingsProvision_019f9344-5db0-7037-bdbd-55b25605a58b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LegalProceedingsProvision"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_019f9344-5db0-74eb-8667-f0992dc619f2" xlink:to="loc_ifrs-full_LegalProceedingsProvision_019f9344-5db0-7037-bdbd-55b25605a58b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProvisionsCommitmentsAndGuaranteesGiven_019f9344-5db0-7b60-bc7b-118838f2082a" xlink:href="bbva-20260630.xsd#bbva_ProvisionsCommitmentsAndGuaranteesGiven"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_019f9344-5db0-74eb-8667-f0992dc619f2" xlink:to="loc_bbva_ProvisionsCommitmentsAndGuaranteesGiven_019f9344-5db0-7b60-bc7b-118838f2082a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherProvisions_019f9344-5db0-72ad-9357-390309124396" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherProvisions"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_019f9344-5db0-74eb-8667-f0992dc619f2" xlink:to="loc_ifrs-full_OtherProvisions_019f9344-5db0-72ad-9357-390309124396" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets_019f933e-874e-723f-b292-f26fee79c3b5" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InsuranceContractsLinkedToPensions_019f933e-874e-7fbe-92e8-f51f05059020" xlink:href="bbva-20260630.xsd#bbva_InsuranceContractsLinkedToPensions"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_019f933e-874e-723f-b292-f26fee79c3b5" xlink:to="loc_bbva_InsuranceContractsLinkedToPensions_019f933e-874e-7fbe-92e8-f51f05059020" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InventoriesTotal_019f933e-874e-7519-873c-635d22e755f0" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InventoriesTotal"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_019f933e-874e-723f-b292-f26fee79c3b5" xlink:to="loc_ifrs-full_InventoriesTotal_019f933e-874e-7519-873c-635d22e755f0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_RestOtherAssets_019f933e-874e-715b-867d-ee75256c69ef" xlink:href="bbva-20260630.xsd#bbva_RestOtherAssets"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_019f933e-874e-723f-b292-f26fee79c3b5" xlink:to="loc_bbva_RestOtherAssets_019f933e-874e-715b-867d-ee75256c69ef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_019f934b-d168-7787-97ae-b61f47d3d7fd" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_019f934b-d168-7522-9a3b-3488b2cf9832" xlink:href="bbva-20260630.xsd#bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_019f934b-d168-7787-97ae-b61f47d3d7fd" xlink:to="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_019f934b-d168-7522-9a3b-3488b2cf9832" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_019f934b-d168-7f8c-9b79-43b98d7347a0" xlink:href="bbva-20260630.xsd#bbva_ItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_019f934b-d168-7787-97ae-b61f47d3d7fd" xlink:to="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_019f934b-d168-7f8c-9b79-43b98d7347a0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:href="bbva-20260630.xsd#bbva_ShareholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital_019f9349-df61-7de9-b22a-4f90f08b079a" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapital"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:to="loc_ifrs-full_IssuedCapital_019f9349-df61-7de9-b22a-4f90f08b079a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremium_019f9349-df61-7783-a91b-6a19717309f6" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SharePremium"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:to="loc_ifrs-full_SharePremium_019f9349-df61-7783-a91b-6a19717309f6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsIssuedOtherThanCapital_019f9349-df61-74a6-a11b-9894bf2012c6" xlink:href="bbva-20260630.xsd#bbva_EquityInstrumentsIssuedOtherThanCapital"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:to="loc_bbva_EquityInstrumentsIssuedOtherThanCapital_019f9349-df61-74a6-a11b-9894bf2012c6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherEquityInterest_019f9349-df61-7752-9a5e-7e4822f4c5d9" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherEquityInterest"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:to="loc_ifrs-full_OtherEquityInterest_019f9349-df61-7752-9a5e-7e4822f4c5d9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarnings_019f9349-df61-7584-b59e-c2f3a15467e8" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarnings"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:to="loc_ifrs-full_RetainedEarnings_019f9349-df61-7584-b59e-c2f3a15467e8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevaluationSurplus_019f9349-df61-7768-aec3-c725db4840a7" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevaluationSurplus"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:to="loc_ifrs-full_RevaluationSurplus_019f9349-df61-7768-aec3-c725db4840a7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves_019f9349-df61-75f4-8fe8-aa298de07af7" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherReserves"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:to="loc_ifrs-full_OtherReserves_019f9349-df61-75f4-8fe8-aa298de07af7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasuryShares_019f9349-df61-76dc-aecd-6445fd722058" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TreasuryShares"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:to="loc_ifrs-full_TreasuryShares_019f9349-df61-76dc-aecd-6445fd722058" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProfitsOrLossesAttributableToOwnersOfTheParent_019f9349-df61-7ec8-b452-37f4810cb34e" xlink:href="bbva-20260630.xsd#bbva_ProfitsOrLossesAttributableToOwnersOfTheParent"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:to="loc_bbva_ProfitsOrLossesAttributableToOwnersOfTheParent_019f9349-df61-7ec8-b452-37f4810cb34e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InterimDividends_019f9349-df61-735c-9aa9-c6198f046a6b" xlink:href="bbva-20260630.xsd#bbva_InterimDividends"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_019f9349-df61-7962-b265-6864aac8214c" xlink:to="loc_bbva_InterimDividends_019f9349-df61-735c-9aa9-c6198f046a6b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity_019f9348-209a-7260-a540-ce086d93b4d3" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Equity"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareholdersEquity_019f9348-209a-733f-9924-3e1530126d7f" xlink:href="bbva-20260630.xsd#bbva_ShareholdersEquity"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Equity_019f9348-209a-7260-a540-ce086d93b4d3" xlink:to="loc_bbva_ShareholdersEquity_019f9348-209a-733f-9924-3e1530126d7f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_019f9348-209a-7fbf-83e4-ed9fd83f7cb9" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Equity_019f9348-209a-7260-a540-ce086d93b4d3" xlink:to="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_019f9348-209a-7fbf-83e4-ed9fd83f7cb9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests_019f9348-209a-73e9-a4ca-e0fad6353a42" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Equity_019f9348-209a-7260-a540-ce086d93b4d3" xlink:to="loc_ifrs-full_NoncontrollingInterests_019f9348-209a-73e9-a4ca-e0fad6353a42" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill_019f933d-c0e1-782b-a977-7fb7108e60bd" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill_019f933d-c0e1-7893-a452-69e9e57d91e4" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Goodwill"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill_019f933d-c0e1-782b-a977-7fb7108e60bd" xlink:to="loc_ifrs-full_Goodwill_019f933d-c0e1-7893-a452-69e9e57d91e4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_019f933d-c0e1-7c9f-ae58-dea92bf9e393" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill_019f933d-c0e1-782b-a977-7fb7108e60bd" xlink:to="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_019f933d-c0e1-7c9f-ae58-dea92bf9e393" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCost_019f933b-af69-7c01-b0e4-be8d522777f7" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtAmortisedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsHeldAtAmortisedCost_019f933b-af69-702f-987c-3abce4feeda0" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsHeldAtAmortisedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_019f933b-af69-7c01-b0e4-be8d522777f7" xlink:to="loc_ifrs-full_DebtInstrumentsHeldAtAmortisedCost_019f933b-af69-702f-987c-3abce4feeda0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToCentralBanks_019f933b-af69-792c-8724-946691fd4838" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToCentralBanks"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_019f933b-af69-7c01-b0e4-be8d522777f7" xlink:to="loc_ifrs-full_LoansAndAdvancesToCentralBanks_019f933b-af69-792c-8724-946691fd4838" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToBanksAtAmortisedCost_019f933b-af69-7ff7-8dae-32863a24ab68" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToBanksAtAmortisedCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_019f933b-af69-7c01-b0e4-be8d522777f7" xlink:to="loc_ifrs-full_LoansAndAdvancesToBanksAtAmortisedCost_019f933b-af69-7ff7-8dae-32863a24ab68" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToCustomersAtAmortisedCost_019f933b-af69-7b1e-839b-3eca03319f8e" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToCustomersAtAmortisedCost"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_019f933b-af69-7c01-b0e4-be8d522777f7" xlink:to="loc_ifrs-full_LoansAndAdvancesToCustomersAtAmortisedCost_019f933b-af69-7b1e-839b-3eca03319f8e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_019f942d-6059-7331-83d8-dd756d9f4afe" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssetsForOwnUse_019f942d-605a-78ff-80b8-77d0dfbbcb87" xlink:href="bbva-20260630.xsd#bbva_TangibleAssetsForOwnUse"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment_019f942d-6059-7331-83d8-dd756d9f4afe" xlink:to="loc_bbva_TangibleAssetsForOwnUse_019f942d-605a-78ff-80b8-77d0dfbbcb87" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease_019f942d-605a-71d4-b4af-1ccf5eabefd8" xlink:href="bbva-20260630.xsd#bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment_019f942d-6059-7331-83d8-dd756d9f4afe" xlink:to="loc_bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease_019f942d-605a-71d4-b4af-1ccf5eabefd8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9341-9112-73bb-be9e-c512c9b176d9" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:to="loc_ifrs-full_CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9341-9112-73bb-be9e-c512c9b176d9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f9341-9112-7c79-92b2-063feefe36d5" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f9341-9112-7c79-92b2-063feefe36d5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_019f9341-9112-7700-804d-45d9a344a8bc" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_019f9341-9112-7700-804d-45d9a344a8bc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_019f9341-9112-79d9-84a8-c5204a42cebd" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:to="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_019f9341-9112-79d9-84a8-c5204a42cebd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_019f9341-9112-75c3-b11c-5eae7fd1d7c8" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:to="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_019f9341-9112-75c3-b11c-5eae7fd1d7c8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LiabilitiesCoveredByInsuranceAndReinsuranceContracts_019f9341-9112-7b0e-8f53-61de974158f3" xlink:href="bbva-20260630.xsd#bbva_LiabilitiesCoveredByInsuranceAndReinsuranceContracts"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:to="loc_bbva_LiabilitiesCoveredByInsuranceAndReinsuranceContracts_019f9341-9112-7b0e-8f53-61de974158f3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Provisions_019f9341-9112-783d-a82f-e7ef2cf85b92" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Provisions"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:to="loc_ifrs-full_Provisions_019f9341-9112-783d-a82f-e7ef2cf85b92" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxLiabilities_019f9341-9112-7830-bb7d-1ff813fc14a9" xlink:href="bbva-20260630.xsd#bbva_TaxLiabilities"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:to="loc_bbva_TaxLiabilities_019f9341-9112-7830-bb7d-1ff813fc14a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherLiabilities_019f9341-9112-7e03-afd9-0a6ecd12713f" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherLiabilities"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:to="loc_ifrs-full_OtherLiabilities_019f9341-9112-7e03-afd9-0a6ecd12713f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_019f9341-9112-7aff-9cb4-5ac9e214a4f0" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_019f9341-9112-77b5-9c18-42c151018788" xlink:to="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_019f9341-9112-7aff-9cb4-5ac9e214a4f0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_019f9343-7982-7bba-aa06-f793b89a8b8d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesDueToCentralBanks_019f9343-7982-7c3b-8886-e9400b97a6de" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesDueToCentralBanks"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_019f9343-7982-7bba-aa06-f793b89a8b8d" xlink:to="loc_ifrs-full_LiabilitiesDueToCentralBanks_019f9343-7982-7c3b-8886-e9400b97a6de" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromBanksAtAmortisedCost_019f9343-7982-7855-977e-04b2dca71d2b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromBanksAtAmortisedCost"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_019f9343-7982-7bba-aa06-f793b89a8b8d" xlink:to="loc_ifrs-full_DepositsFromBanksAtAmortisedCost_019f9343-7982-7855-977e-04b2dca71d2b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromCustomersAtAmortisedCost_019f9343-7982-7715-86fa-f0aa3915c6ea" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromCustomersAtAmortisedCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_019f9343-7982-7bba-aa06-f793b89a8b8d" xlink:to="loc_ifrs-full_DepositsFromCustomersAtAmortisedCost_019f9343-7982-7715-86fa-f0aa3915c6ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsIssuedAtAmortisedCost_019f9343-7982-7490-a69d-f661152c0427" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsIssuedAtAmortisedCost"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_019f9343-7982-7bba-aa06-f793b89a8b8d" xlink:to="loc_ifrs-full_DebtInstrumentsIssuedAtAmortisedCost_019f9343-7982-7490-a69d-f661152c0427" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFinancialLiabilities_019f9343-7982-7523-9caa-356318a2812b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFinancialLiabilities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_019f9343-7982-7bba-aa06-f793b89a8b8d" xlink:to="loc_ifrs-full_OtherFinancialLiabilities_019f9343-7982-7523-9caa-356318a2812b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities_019f9348-8bf6-7e3c-bef6-fba2d359a6c4" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity_019f9348-8bf6-7c16-9a0a-52ce880fd09c" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Equity"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_019f9348-8bf6-7e3c-bef6-fba2d359a6c4" xlink:to="loc_ifrs-full_Equity_019f9348-8bf6-7c16-9a0a-52ce880fd09c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities_019f9348-8bf6-7682-b783-19c976fca02d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Liabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_019f9348-8bf6-7e3c-bef6-fba2d359a6c4" xlink:to="loc_ifrs-full_Liabilities_019f9348-8bf6-7682-b783-19c976fca02d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxLiabilities_019f9345-403f-7d11-a2c4-2b1d35b305a7" xlink:href="bbva-20260630.xsd#bbva_TaxLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxLiabilities_019f9345-403f-7cd6-aebc-453089f980ec" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_TaxLiabilities_019f9345-403f-7d11-a2c4-2b1d35b305a7" xlink:to="loc_ifrs-full_CurrentTaxLiabilities_019f9345-403f-7cd6-aebc-453089f980ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities_019f9345-403f-7645-9555-66e736068d5c" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_TaxLiabilities_019f9345-403f-7d11-a2c4-2b1d35b305a7" xlink:to="loc_ifrs-full_DeferredTaxLiabilities_019f9345-403f-7645-9555-66e736068d5c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7635-9194-e5969fc11feb" xlink:href="bbva-20260630.xsd#bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-701a-bb8b-68230d3d663f" xlink:href="bbva-20260630.xsd#bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7635-9194-e5969fc11feb" xlink:to="loc_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-701a-bb8b-68230d3d663f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-735c-be43-20d80f6b909e" xlink:href="bbva-20260630.xsd#bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7635-9194-e5969fc11feb" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-735c-be43-20d80f6b909e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7e2c-aaf8-ff20d6281b0b" xlink:href="bbva-20260630.xsd#bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7635-9194-e5969fc11feb" xlink:to="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7e2c-aaf8-ff20d6281b0b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-712a-8486-ca3e7d4ce2b2" xlink:href="bbva-20260630.xsd#bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7635-9194-e5969fc11feb" xlink:to="loc_bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-712a-8486-ca3e7d4ce2b2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7e58-9b85-f95110f478c7" xlink:href="bbva-20260630.xsd#bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7635-9194-e5969fc11feb" xlink:to="loc_bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7e58-9b85-f95110f478c7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk_019f934c-c71f-7f10-923e-12e18505aa42" xlink:href="bbva-20260630.xsd#bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_019f934c-c71f-7635-9194-e5969fc11feb" xlink:to="loc_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk_019f934c-c71f-7f10-923e-12e18505aa42" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f9342-f2f1-75c9-9c7d-2043758f51c0" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f9342-f2f1-774f-8238-5c946cb3817c" xlink:href="bbva-20260630.xsd#bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f9342-f2f1-75c9-9c7d-2043758f51c0" xlink:to="loc_bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f9342-f2f1-774f-8238-5c946cb3817c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f9342-f2f1-785e-bad4-e1220afbed64" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f9342-f2f1-75c9-9c7d-2043758f51c0" xlink:to="loc_ifrs-full_DepositsFromBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f9342-f2f1-785e-bad4-e1220afbed64" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromCustomersAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f9342-f2f1-7778-87a0-712c80feaa2c" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromCustomersAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f9342-f2f1-75c9-9c7d-2043758f51c0" xlink:to="loc_ifrs-full_DepositsFromCustomersAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f9342-f2f1-7778-87a0-712c80feaa2c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsIssuedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f9342-f2f1-7102-8adc-78b1c811e57b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsIssuedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f9342-f2f1-75c9-9c7d-2043758f51c0" xlink:to="loc_ifrs-full_DebtInstrumentsIssuedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f9342-f2f1-7102-8adc-78b1c811e57b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f9342-f2f1-7b17-98f7-e34ed6f3b6a3" xlink:href="bbva-20260630.xsd#bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f9342-f2f1-75c9-9c7d-2043758f51c0" xlink:to="loc_bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f9342-f2f1-7b17-98f7-e34ed6f3b6a3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7d9c-a8df-75c9f0763f16" xlink:href="bbva-20260630.xsd#bbva_ItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7be5-a398-ed62065004d0" xlink:href="bbva-20260630.xsd#bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7d9c-a8df-75c9f0763f16" xlink:to="loc_bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7be5-a398-ed62065004d0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7b83-9a39-45f78528566f" xlink:href="bbva-20260630.xsd#bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7d9c-a8df-75c9f0763f16" xlink:to="loc_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7b83-9a39-45f78528566f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgingDerivativesCashFlowHedgesEffectivePortionThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-73ff-8599-99e2e2a3de21" xlink:href="bbva-20260630.xsd#bbva_HedgingDerivativesCashFlowHedgesEffectivePortionThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7d9c-a8df-75c9f0763f16" xlink:to="loc_bbva_HedgingDerivativesCashFlowHedgesEffectivePortionThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-73ff-8599-99e2e2a3de21" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-77e8-a1c4-a55eb5ed8c97" xlink:href="bbva-20260630.xsd#bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7d9c-a8df-75c9f0763f16" xlink:to="loc_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-77e8-a1c4-a55eb5ed8c97" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgingInstrumentsNonDesignatedItemsThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7e7f-9a61-e700b2bc06d4" xlink:href="bbva-20260630.xsd#bbva_HedgingInstrumentsNonDesignatedItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7d9c-a8df-75c9f0763f16" xlink:to="loc_bbva_HedgingInstrumentsNonDesignatedItemsThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7e7f-9a61-e700b2bc06d4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleMayBeReclassified_019f934e-35e1-774d-a8bb-595a8b17bc47" xlink:href="bbva-20260630.xsd#bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleMayBeReclassified"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7d9c-a8df-75c9f0763f16" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleMayBeReclassified_019f934e-35e1-774d-a8bb-595a8b17bc47" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7d7f-bd0e-906613aeafe2" xlink:href="bbva-20260630.xsd#bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7d9c-a8df-75c9f0763f16" xlink:to="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss_019f934e-35e1-7d7f-bd0e-906613aeafe2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9342-354f-7555-a868-1992f91469b8" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_019f9342-354f-707f-babb-313c4cb19e8a" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9342-354f-7555-a868-1992f91469b8" xlink:to="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_019f9342-354f-707f-babb-313c4cb19e8a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShortPositionsHeldForTrading_019f9342-354f-7447-92f7-3a49fee4aa06" xlink:href="bbva-20260630.xsd#bbva_ShortPositionsHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9342-354f-7555-a868-1992f91469b8" xlink:to="loc_bbva_ShortPositionsHeldForTrading_019f9342-354f-7447-92f7-3a49fee4aa06" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCentralBanksHeldForTrading_019f9342-354f-7c99-b1ad-7d0b1a44f1d1" xlink:href="bbva-20260630.xsd#bbva_DepositsFromCentralBanksHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9342-354f-7555-a868-1992f91469b8" xlink:to="loc_bbva_DepositsFromCentralBanksHeldForTrading_019f9342-354f-7c99-b1ad-7d0b1a44f1d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromBanksAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTrading_019f9342-354f-703a-9134-e8e427937d31" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromBanksAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTrading"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9342-354f-7555-a868-1992f91469b8" xlink:to="loc_ifrs-full_DepositsFromBanksAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTrading_019f9342-354f-703a-9134-e8e427937d31" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromCustomersAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTrading_019f9342-354f-7fa4-a853-e96850ce5777" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromCustomersAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTrading"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9342-354f-7555-a868-1992f91469b8" xlink:to="loc_ifrs-full_DepositsFromCustomersAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTrading_019f9342-354f-7fa4-a853-e96850ce5777" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital_019f934a-4bdc-7f12-8f1b-63ca1ed9f5da" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapital"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionalPaidinCapital_019f934a-4bdc-7576-8282-03fcd968569b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdditionalPaidinCapital"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_IssuedCapital_019f934a-4bdc-7f12-8f1b-63ca1ed9f5da" xlink:to="loc_ifrs-full_AdditionalPaidinCapital_019f934a-4bdc-7576-8282-03fcd968569b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_UnpaidCapitalWhichHasBeenCalledUp_019f934a-4bdc-74ad-844c-081920886834" xlink:href="bbva-20260630.xsd#bbva_UnpaidCapitalWhichHasBeenCalledUp"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_IssuedCapital_019f934a-4bdc-7f12-8f1b-63ca1ed9f5da" xlink:to="loc_bbva_UnpaidCapitalWhichHasBeenCalledUp_019f934a-4bdc-74ad-844c-081920886834" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f933a-27e7-7ea3-92b6-9e8d886f76b2" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityInstrumentsHeldAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading_019f933a-27e7-7541-901c-af9eb945ba55" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityInstrumentsHeldAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f933a-27e7-7ea3-92b6-9e8d886f76b2" xlink:to="loc_ifrs-full_EquityInstrumentsHeldAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading_019f933a-27e7-7541-901c-af9eb945ba55" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading_019f933a-27e7-7aa9-a69c-fb1d75e13277" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f933a-27e7-7ea3-92b6-9e8d886f76b2" xlink:to="loc_ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading_019f933a-27e7-7aa9-a69c-fb1d75e13277" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading_019f933a-27e7-7279-acf8-e71cd4620f27" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f933a-27e7-7ea3-92b6-9e8d886f76b2" xlink:to="loc_ifrs-full_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueOtherThanThoseClassifiedAsHeldForTrading_019f933a-27e7-7279-acf8-e71cd4620f27" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssets_019f933c-5c62-7e32-bbb8-b2103d74b75c" xlink:href="bbva-20260630.xsd#bbva_TangibleAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_019f933c-5c62-73a2-91c7-45ac86e45cbe" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_TangibleAssets_019f933c-5c62-7e32-bbb8-b2103d74b75c" xlink:to="loc_ifrs-full_PropertyPlantAndEquipment_019f933c-5c62-73a2-91c7-45ac86e45cbe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentProperty_019f933c-5c62-748c-8c1d-87ce9f18cb05" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentProperty"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_TangibleAssets_019f933c-5c62-7e32-bbb8-b2103d74b75c" xlink:to="loc_ifrs-full_InvestmentProperty_019f933c-5c62-748c-8c1d-87ce9f18cb05" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CashCashBalancesAtCentralBanksAndOtherDemandDeposits_019f9338-c807-747f-8a1a-12e38e842bd1" xlink:href="bbva-20260630.xsd#bbva_CashCashBalancesAtCentralBanksAndOtherDemandDeposits"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_bbva_CashCashBalancesAtCentralBanksAndOtherDemandDeposits_019f9338-c807-747f-8a1a-12e38e842bd1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9338-c807-74e7-9704-9153dbf658ab" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9338-c807-74e7-9704-9153dbf658ab" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f9338-c807-75bf-88e9-f63b0b17252b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f9338-c807-75bf-88e9-f63b0b17252b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f9338-c807-7ffc-9386-4f34947afe5a" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f9338-c807-7ffc-9386-4f34947afe5a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_019f9338-c807-76b7-87db-b0d9f29b5303" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_019f9338-c807-76b7-87db-b0d9f29b5303" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCost_019f9338-c807-7060-bdaa-6842344c09de" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtAmortisedCost"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_FinancialAssetsAtAmortisedCost_019f9338-c807-7060-bdaa-6842344c09de" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging_019f9338-c807-7e52-b716-8ff00c54300a" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialAssetsHeldForHedging"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging_019f9338-c807-7e52-b716-8ff00c54300a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_019f9338-c807-7f00-828a-7c27755219c5" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_019f9338-c807-7f00-828a-7c27755219c5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_019f9338-c807-79a5-a366-6b647e461a1f" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_019f9338-c807-79a5-a366-6b647e461a1f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_AssetsCoveredByInsuranceAndReinsuranceContracts_019f9338-c807-7c40-9bd7-0e1097127dca" xlink:href="bbva-20260630.xsd#bbva_AssetsCoveredByInsuranceAndReinsuranceContracts"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_bbva_AssetsCoveredByInsuranceAndReinsuranceContracts_019f9338-c807-7c40-9bd7-0e1097127dca" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssets_019f9338-c807-74f4-8b27-bc7eebd73ebe" xlink:href="bbva-20260630.xsd#bbva_TangibleAssets"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_bbva_TangibleAssets_019f9338-c807-74f4-8b27-bc7eebd73ebe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill_019f9338-c807-7c1d-b607-698170078142" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_IntangibleAssetsAndGoodwill_019f9338-c807-7c1d-b607-698170078142" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxAssets_019f9338-c807-7a89-940c-5a943334c253" xlink:href="bbva-20260630.xsd#bbva_TaxAssets"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_bbva_TaxAssets_019f9338-c807-7a89-940c-5a943334c253" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets_019f9338-c807-79f3-8d80-d0d7bba3b53d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAssets"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_OtherAssets_019f9338-c807-79f3-8d80-d0d7bba3b53d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_019f9338-c807-7ae9-8384-c91fa9824e10" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_019f9338-c807-7afe-a190-752078bca048" xlink:to="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_019f9338-c807-7ae9-8384-c91fa9824e10" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxAssets_019f933e-1a0d-7d9e-87da-f99a1c470cac" xlink:href="bbva-20260630.xsd#bbva_TaxAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxAssets_019f933e-1a0d-7116-9d07-e9449a9e1611" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxAssets"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_TaxAssets_019f933e-1a0d-7d9e-87da-f99a1c470cac" xlink:to="loc_ifrs-full_CurrentTaxAssets_019f933e-1a0d-7116-9d07-e9449a9e1611" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets_019f933e-1a0d-72f3-894e-e1939ec640a8" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_TaxAssets_019f933e-1a0d-7d9e-87da-f99a1c470cac" xlink:to="loc_ifrs-full_DeferredTaxAssets_019f933e-1a0d-72f3-894e-e1939ec640a8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f933a-a5cc-7b1c-96fb-146772cad6d9" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f933a-a5cc-7823-af35-b54f08c7aec1" xlink:href="bbva-20260630.xsd#bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019f933a-a5cc-7b1c-96fb-146772cad6d9" xlink:to="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_019f933a-a5cc-7823-af35-b54f08c7aec1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves_019f934a-965f-7079-b55b-2d2cf5db6c6d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherReserves"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidariesJointVenturesAndAssociates_019f934a-965f-7ef8-a351-ee8b5b2e20fd" xlink:href="bbva-20260630.xsd#bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidariesJointVenturesAndAssociates"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherReserves_019f934a-965f-7079-b55b-2d2cf5db6c6d" xlink:to="loc_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidariesJointVenturesAndAssociates_019f934a-965f-7ef8-a351-ee8b5b2e20fd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReservesOther_019f934a-965f-7f52-8e1c-310ddd313cbe" xlink:href="bbva-20260630.xsd#bbva_OtherReservesOther"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherReserves_019f934a-965f-7079-b55b-2d2cf5db6c6d" xlink:to="loc_bbva_OtherReservesOther_019f934a-965f-7f52-8e1c-310ddd313cbe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-745c-bdc8-9bc47abc9ab9" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading_019f9339-c256-7eec-940c-a0fab5007d99" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialAssetsHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-745c-bdc8-9bc47abc9ab9" xlink:to="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading_019f9339-c256-7eec-940c-a0fab5007d99" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-700d-8e1b-e271aedf6ecb" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-745c-bdc8-9bc47abc9ab9" xlink:to="loc_ifrs-full_EquityInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-700d-8e1b-e271aedf6ecb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-7213-b2f3-21852a896a65" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-745c-bdc8-9bc47abc9ab9" xlink:to="loc_ifrs-full_DebtInstrumentsHeldAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-7213-b2f3-21852a896a65" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCentralBanksHeldForTrading_019f9339-c256-7b86-9861-f0b41e3dffe8" xlink:href="bbva-20260630.xsd#bbva_LoansAndAdvancesToCentralBanksHeldForTrading"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-745c-bdc8-9bc47abc9ab9" xlink:to="loc_bbva_LoansAndAdvancesToCentralBanksHeldForTrading_019f9339-c256-7b86-9861-f0b41e3dffe8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToBanksAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-7bc8-8324-f34471b56b4d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToBanksAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-745c-bdc8-9bc47abc9ab9" xlink:to="loc_ifrs-full_LoansAndAdvancesToBanksAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-7bc8-8324-f34471b56b4d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-7a89-a87e-7cf3bf4ed64b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-745c-bdc8-9bc47abc9ab9" xlink:to="loc_ifrs-full_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019f9339-c256-7a89-a87e-7cf3bf4ed64b" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/StatementofcomprehensiveincomeprofitorlossbyfunctionofexpenseStatement" xlink:type="simple" xlink:href="bbva-20260630.xsd#StatementofcomprehensiveincomeprofitorlossbyfunctionofexpenseStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/StatementofcomprehensiveincomeprofitorlossbyfunctionofexpenseStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_019f93a8-247d-7c0f-a5e7-4a8baf3cd637" xlink:href="bbva-20260630.xsd#bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost_019f93a8-247d-7e8b-8b8f-173cb15cb7b7" xlink:href="bbva-20260630.xsd#bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_019f93a8-247d-7c0f-a5e7-4a8baf3cd637" xlink:to="loc_bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost_019f93a8-247d-7e8b-8b8f-173cb15cb7b7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfOtherFinancialAssetsAndLiabilities_019f93a8-247d-724c-b727-2498c326bb35" xlink:href="bbva-20260630.xsd#bbva_GainsLossesOnDerecognitionOfOtherFinancialAssetsAndLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_019f93a8-247d-7c0f-a5e7-4a8baf3cd637" xlink:to="loc_bbva_GainsLossesOnDerecognitionOfOtherFinancialAssetsAndLiabilities_019f93a8-247d-724c-b727-2498c326bb35" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities_019f93ac-c71c-76ac-b049-cd06f2990b4c" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossProfit_019f93ac-c71c-708e-bf90-81561f5cab33" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossProfit"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_019f93ac-c71c-76ac-b049-cd06f2990b4c" xlink:to="loc_ifrs-full_GrossProfit_019f93ac-c71c-708e-bf90-81561f5cab33" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdministrativeExpense_019f93ac-c71c-7f9c-9845-5c788ad16727" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdministrativeExpense"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_019f93ac-c71c-76ac-b049-cd06f2990b4c" xlink:to="loc_ifrs-full_AdministrativeExpense_019f93ac-c71c-7f9c-9845-5c788ad16727" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense_019f93ac-c71c-7fc3-8f05-a65df1573047" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationAndAmortisationExpense"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_019f93ac-c71c-76ac-b049-cd06f2990b4c" xlink:to="loc_ifrs-full_DepreciationAndAmortisationExpense_019f93ac-c71c-7fc3-8f05-a65df1573047" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProvisionsOrReversalOfProvisions_019f93ac-c71c-7a77-9e42-2e5174c89050" xlink:href="bbva-20260630.xsd#bbva_ProvisionsOrReversalOfProvisions"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_019f93ac-c71c-76ac-b049-cd06f2990b4c" xlink:to="loc_bbva_ProvisionsOrReversalOfProvisions_019f93ac-c71c-7a77-9e42-2e5174c89050" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnFinancialAssetsNotMeasuredAtFairValueThroughProfitOrLossOrNetGainsByModification_019f93ac-c71c-770d-97ca-2ee9ac581b60" xlink:href="bbva-20260630.xsd#bbva_ImpairmentOrReversalOfImpairmentOnFinancialAssetsNotMeasuredAtFairValueThroughProfitOrLossOrNetGainsByModification"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_019f93ac-c71c-76ac-b049-cd06f2990b4c" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOnFinancialAssetsNotMeasuredAtFairValueThroughProfitOrLossOrNetGainsByModification_019f93ac-c71c-770d-97ca-2ee9ac581b60" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnFinancialAssetsNotMeasuredAtFairValueThroughProfitOrLossOrNetGainsByModification_019f93ac-23c4-7a0b-a292-0e7a8c1b1136" xlink:href="bbva-20260630.xsd#bbva_ImpairmentOrReversalOfImpairmentOnFinancialAssetsNotMeasuredAtFairValueThroughProfitOrLossOrNetGainsByModification"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost_019f93ac-23c4-7825-b7e1-54b1e1eb9992" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnFinancialAssetsNotMeasuredAtFairValueThroughProfitOrLossOrNetGainsByModification_019f93ac-23c4-7a0b-a292-0e7a8c1b1136" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost_019f93ac-23c4-7825-b7e1-54b1e1eb9992" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_019f93ac-23c4-713c-94cb-14180695441b" xlink:href="bbva-20260630.xsd#bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnFinancialAssetsNotMeasuredAtFairValueThroughProfitOrLossOrNetGainsByModification_019f93ac-23c4-7a0b-a292-0e7a8c1b1136" xlink:to="loc_bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_019f93ac-23c4-713c-94cb-14180695441b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations_019f93b0-31c1-7bbd-9fd5-07a58471dbd2" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax_019f93b0-31c1-7211-9783-3f2fe1daf226" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromContinuingOperations_019f93b0-31c1-7bbd-9fd5-07a58471dbd2" xlink:to="loc_ifrs-full_ProfitLossBeforeTax_019f93b0-31c1-7211-9783-3f2fe1daf226" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_019f93b0-31c1-77a1-ae31-91d2f9e87ca5" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromContinuingOperations_019f93b0-31c1-7bbd-9fd5-07a58471dbd2" xlink:to="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_019f93b0-31c1-77a1-ae31-91d2f9e87ca5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossProfit"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueExpense_019f93ab-3c42-7a13-b77a-4c77fa87b605" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestRevenueExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_ifrs-full_InterestRevenueExpense_019f93ab-3c42-7a13-b77a-4c77fa87b605" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromDividends_019f93ab-3c42-74d1-b885-0455c04f3876" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromDividends"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_ifrs-full_RevenueFromDividends_019f93ab-3c42-74d1-b885-0455c04f3876" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_019f93ab-3c42-7e78-b214-82df390df33b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_019f93ab-3c42-7e78-b214-82df390df33b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionIncome_019f93ab-3c42-7699-ab66-b40cae5da8fd" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FeeAndCommissionIncome"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_ifrs-full_FeeAndCommissionIncome_019f93ab-3c42-7699-ab66-b40cae5da8fd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionExpense_019f93ab-3c42-764d-aa20-5fe89dbd2d93" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FeeAndCommissionExpense"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_ifrs-full_FeeAndCommissionExpense_019f93ab-3c42-764d-aa20-5fe89dbd2d93" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_019f93ab-3c42-7c63-99f9-97033cd76c78" xlink:href="bbva-20260630.xsd#bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_019f93ab-3c42-7c63-99f9-97033cd76c78" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialInstrumentsHeldForTradingNet_019f93ab-3c42-720a-834c-2f759fd06a48" xlink:href="bbva-20260630.xsd#bbva_GainsOrLossesOnFinancialInstrumentsHeldForTradingNet"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_bbva_GainsOrLossesOnFinancialInstrumentsHeldForTradingNet_019f93ab-3c42-720a-834c-2f759fd06a48" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f93ab-3c42-7930-b59b-eb3f122cbe1d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f93ab-3c42-7930-b59b-eb3f122cbe1d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet_019f93ab-3c42-7313-b546-fb0c0c5fab03" xlink:href="bbva-20260630.xsd#bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet_019f93ab-3c42-7313-b546-fb0c0c5fab03" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_019f93ab-3c42-7210-8221-a1bd13a78a38" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_019f93ab-3c42-7210-8221-a1bd13a78a38" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_019f93ab-3c42-7b6f-9fc0-b63912f3cf41" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_019f93ab-3c42-7b6f-9fc0-b63912f3cf41" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingIncome_019f93ab-3c42-7740-984d-431e64fac209" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousOtherOperatingIncome"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_ifrs-full_MiscellaneousOtherOperatingIncome_019f93ab-3c42-7740-984d-431e64fac209" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense_019f93ab-3c42-7a98-ae2a-d0d5e7af3c9d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousOtherOperatingExpense"/>
    <link:calculationArc order="13" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_ifrs-full_MiscellaneousOtherOperatingExpense_019f93ab-3c42-7a98-ae2a-d0d5e7af3c9d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_IncomeFromAssetsCoveredByInsuranceAndReinsuranceContracts_019fa289-6e14-7020-8db1-261c434dfa76" xlink:href="bbva-20260630.xsd#bbva_IncomeFromAssetsCoveredByInsuranceAndReinsuranceContracts"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_bbva_IncomeFromAssetsCoveredByInsuranceAndReinsuranceContracts_019fa289-6e14-7020-8db1-261c434dfa76" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ExpenseFromLiabilitiesCoveredByInsuranceAndReinsuranceContracts_019fa289-6e14-73d8-862a-86446930e44f" xlink:href="bbva-20260630.xsd#bbva_ExpenseFromLiabilitiesCoveredByInsuranceAndReinsuranceContracts"/>
    <link:calculationArc order="15" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_019f93ab-3c42-73cd-94ee-a42c57cad63d" xlink:to="loc_bbva_ExpenseFromLiabilitiesCoveredByInsuranceAndReinsuranceContracts_019fa289-6e14-73d8-862a-86446930e44f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdministrativeExpense_019f93ab-b584-7839-a373-3369bdd0ed5e" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdministrativeExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense_019f93ab-b584-7bc0-916d-f927cbe04910" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EmployeeBenefitsExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_AdministrativeExpense_019f93ab-b584-7839-a373-3369bdd0ed5e" xlink:to="loc_ifrs-full_EmployeeBenefitsExpense_019f93ab-b584-7bc0-916d-f927cbe04910" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherExpenseByFunction_019f93ab-b584-7020-b28f-855e4851caa7" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherExpenseByFunction"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_AdministrativeExpense_019f93ab-b584-7839-a373-3369bdd0ed5e" xlink:to="loc_ifrs-full_OtherExpenseByFunction_019f93ab-b584-7020-b28f-855e4851caa7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax_019f93af-7329-7fed-bc55-6c2c956e1b39" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities_019f93af-7329-7ebb-8bf3-7f94072392ba" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_019f93af-7329-7fed-bc55-6c2c956e1b39" xlink:to="loc_ifrs-full_ProfitLossFromOperatingActivities_019f93af-7329-7ebb-8bf3-7f94072392ba" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentInvestmentsInSubsidiariesJointVenturesAndAssociates_019f93af-7329-74ba-897a-bddd0cbdec08" xlink:href="bbva-20260630.xsd#bbva_ImpairmentOrReversalOfImpairmentInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_019f93af-7329-7fed-bc55-6c2c956e1b39" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentInvestmentsInSubsidiariesJointVenturesAndAssociates_019f93af-7329-74ba-897a-bddd0cbdec08" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_019f93af-7329-71c8-b16a-e0ff051ee95b" xlink:href="bbva-20260630.xsd#bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_019f93af-7329-7fed-bc55-6c2c956e1b39" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_019f93af-7329-71c8-b16a-e0ff051ee95b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet_019f93af-7329-796a-a913-6d799cdc8f2b" xlink:href="bbva-20260630.xsd#bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_019f93af-7329-7fed-bc55-6c2c956e1b39" xlink:to="loc_bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet_019f93af-7329-796a-a913-6d799cdc8f2b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NegativeGoodwillRecognisedInProfitAndLoss_019f93af-7329-7a33-956c-76627d6ac541" xlink:href="bbva-20260630.xsd#bbva_NegativeGoodwillRecognisedInProfitAndLoss"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_019f93af-7329-7fed-bc55-6c2c956e1b39" xlink:to="loc_bbva_NegativeGoodwillRecognisedInProfitAndLoss_019f93af-7329-7a33-956c-76627d6ac541" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations_019f93af-7329-70ce-a16d-fb79b5ef3660" xlink:href="bbva-20260630.xsd#bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_019f93af-7329-7fed-bc55-6c2c956e1b39" xlink:to="loc_bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations_019f93af-7329-70ce-a16d-fb79b5ef3660" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueExpense_019f93a7-8318-71ae-859e-8da8fdabd75c" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestRevenueExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest_019f93a7-8318-76e5-86ce-072e49b9f7a0" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_InterestRevenueExpense_019f93a7-8318-71ae-859e-8da8fdabd75c" xlink:to="loc_ifrs-full_RevenueFromInterest_019f93a7-8318-76e5-86ce-072e49b9f7a0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense_019f93a7-8318-7138-a77a-59c9350bd6b3" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpense"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_InterestRevenueExpense_019f93a7-8318-71ae-859e-8da8fdabd75c" xlink:to="loc_ifrs-full_InterestExpense_019f93a7-8318-7138-a77a-59c9350bd6b3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_019f93b1-8ca6-729b-bd87-897fef2c0333" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations_019f93b1-8ca6-70a4-8ca7-8cb12e407281" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_019f93b1-8ca6-729b-bd87-897fef2c0333" xlink:to="loc_ifrs-full_ProfitLossFromContinuingOperations_019f93b1-8ca6-70a4-8ca7-8cb12e407281" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromDiscontinuedOperations_019f93b1-8ca6-77b8-adc7-cba557895906" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_019f93b1-8ca6-729b-bd87-897fef2c0333" xlink:to="loc_ifrs-full_ProfitLossFromDiscontinuedOperations_019f93b1-8ca6-77b8-adc7-cba557895906" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_019f93b2-eb9e-75df-8400-1228ae60f2ca" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_019f93b2-eb9e-7284-8e01-4b0cb6a57f4c" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_019f93b2-eb9e-75df-8400-1228ae60f2ca" xlink:to="loc_ifrs-full_ProfitLoss_019f93b2-eb9e-7284-8e01-4b0cb6a57f4c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_019f93b2-eb9e-7ae6-9f24-d1e2ef67c589" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_019f93b2-eb9e-75df-8400-1228ae60f2ca" xlink:to="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_019f93b2-eb9e-7ae6-9f24-d1e2ef67c589" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest_019f93a7-1831-7807-baaa-e00ccce631eb" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueCalculatedUsingEffectiveInterestMethod_019f93a7-1831-7be3-8688-959073a86a06" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestRevenueCalculatedUsingEffectiveInterestMethod"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_RevenueFromInterest_019f93a7-1831-7807-baaa-e00ccce631eb" xlink:to="loc_ifrs-full_InterestRevenueCalculatedUsingEffectiveInterestMethod_019f93a7-1831-7be3-8688-959073a86a06" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherInterestIncome_019f93a7-1831-76a0-8d7d-96faaa13bac2" xlink:href="bbva-20260630.xsd#bbva_OtherInterestIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_RevenueFromInterest_019f93a7-1831-7807-baaa-e00ccce631eb" xlink:to="loc_bbva_OtherInterestIncome_019f93a7-1831-76a0-8d7d-96faaa13bac2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialInstrumentsHeldForTradingNet_019f93a8-bb5b-7699-ac8a-aa18dbe2aafb" xlink:href="bbva-20260630.xsd#bbva_GainsOrLossesOnFinancialInstrumentsHeldForTradingNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading_019f93a8-bb5b-7ee2-844e-28f61d320621" xlink:href="bbva-20260630.xsd#bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnFinancialInstrumentsHeldForTradingNet_019f93a8-bb5b-7699-ac8a-aa18dbe2aafb" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading_019f93a8-bb5b-7ee2-844e-28f61d320621" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading_019f93a8-bb5b-7596-b1fd-19bd70141c70" xlink:href="bbva-20260630.xsd#bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnFinancialInstrumentsHeldForTradingNet_019f93a8-bb5b-7699-ac8a-aa18dbe2aafb" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading_019f93a8-bb5b-7596-b1fd-19bd70141c70" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading_019f93a8-bb5b-7957-bd50-2821c8a7d1b8" xlink:href="bbva-20260630.xsd#bbva_ReclassificationOfOtherGainsLossesToHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnFinancialInstrumentsHeldForTradingNet_019f93a8-bb5b-7699-ac8a-aa18dbe2aafb" xlink:to="loc_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading_019f93a8-bb5b-7957-bd50-2821c8a7d1b8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f93a9-4528-78f7-8f51-78639e8dde51" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_019f93a9-4528-7a4c-9bfc-8a498211fff7" xlink:href="bbva-20260630.xsd#bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f93a9-4528-78f7-8f51-78639e8dde51" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_019f93a9-4528-7a4c-9bfc-8a498211fff7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_019f93a9-4528-7c74-93a2-3d1d6ac93591" xlink:href="bbva-20260630.xsd#bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f93a9-4528-78f7-8f51-78639e8dde51" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_019f93a9-4528-7c74-93a2-3d1d6ac93591" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfOtherGainsLossesToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_019f93a9-4528-70aa-a211-1eeb049112d2" xlink:href="bbva-20260630.xsd#bbva_ReclassificationOfOtherGainsLossesToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f93a9-4528-78f7-8f51-78639e8dde51" xlink:to="loc_bbva_ReclassificationOfOtherGainsLossesToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_019f93a9-4528-70aa-a211-1eeb049112d2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_019f93ad-e71f-7b66-ae4b-123e1bc4f36b" xlink:href="bbva-20260630.xsd#bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets_019f93ad-e71f-7fc3-89af-82b4c42b3855" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_019f93ad-e71f-7b66-ae4b-123e1bc4f36b" xlink:to="loc_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets_019f93ad-e71f-7fc3-89af-82b4c42b3855" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_019f93ad-e71f-75fd-8d0f-d7f3238a8301" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_019f93ad-e71f-7b66-ae4b-123e1bc4f36b" xlink:to="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_019f93ad-e71f-75fd-8d0f-d7f3238a8301" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnOtherNonFinancialAssets_019f93ad-e71f-765d-a68d-c7d227c5bc27" xlink:href="bbva-20260630.xsd#bbva_ImpairmentOrReversalOfImpairmentOnOtherNonFinancialAssets"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_019f93ad-e71f-7b66-ae4b-123e1bc4f36b" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOnOtherNonFinancialAssets_019f93ad-e71f-765d-a68d-c7d227c5bc27" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/StatementofcomprehensiveincomeOCIcomponentspresentedbeforetaxStatement" xlink:type="simple" xlink:href="bbva-20260630.xsd#StatementofcomprehensiveincomeOCIcomponentspresentedbeforetaxStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/StatementofcomprehensiveincomeOCIcomponentspresentedbeforetaxStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_019fa271-0e61-7f26-8198-5b4e804551ed" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_019fa271-0e61-72a4-bb39-1eed0b4a7b16" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_019fa271-0e61-7f26-8198-5b4e804551ed" xlink:to="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_019fa271-0e61-72a4-bb39-1eed0b4a7b16" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_019fa271-0e61-719a-a1b8-2bb459071638" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_019fa271-0e61-7f26-8198-5b4e804551ed" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_019fa271-0e61-719a-a1b8-2bb459071638" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TransferredToInitialCarryingAmountOfHedgedItems_019fa271-0e61-7733-971d-fea254c06312" xlink:href="bbva-20260630.xsd#bbva_TransferredToInitialCarryingAmountOfHedgedItems"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_019fa271-0e61-7f26-8198-5b4e804551ed" xlink:to="loc_bbva_TransferredToInitialCarryingAmountOfHedgedItems_019fa271-0e61-7733-971d-fea254c06312" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationComprehensiveIncomeBeforeTaxCashFlowHedges_019fa271-0e61-7264-83a0-81ae1b2a55aa" xlink:href="bbva-20260630.xsd#bbva_OtherReclassificationComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_019fa271-0e61-7f26-8198-5b4e804551ed" xlink:to="loc_bbva_OtherReclassificationComprehensiveIncomeBeforeTaxCashFlowHedges_019fa271-0e61-7264-83a0-81ae1b2a55aa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome_019fa26c-49b2-74f7-85f9-e8dca72c25e5" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_019fa26c-49b2-7725-9e98-2deeb5639190" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_019fa26c-49b2-74f7-85f9-e8dca72c25e5" xlink:to="loc_ifrs-full_ProfitLoss_019fa26c-49b2-7725-9e98-2deeb5639190" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_019fa26c-49b2-756f-baf0-af5f7895f762" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_019fa26c-49b2-74f7-85f9-e8dca72c25e5" xlink:to="loc_ifrs-full_OtherComprehensiveIncome_019fa26c-49b2-756f-baf0-af5f7895f762" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_019fa26e-5965-721c-bf96-d8872d7fbd93" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_019fa26e-5965-7ccf-9f79-c77e07f455f0" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_019fa26e-5965-721c-bf96-d8872d7fbd93" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_019fa26e-5965-7ccf-9f79-c77e07f455f0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssestsAvailableForSale_019fa26e-5965-7b8f-ac57-d6bf72aa4918" xlink:href="bbva-20260630.xsd#bbva_NonCurrentAssestsAvailableForSale"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_019fa26e-5965-721c-bf96-d8872d7fbd93" xlink:to="loc_bbva_NonCurrentAssestsAvailableForSale_019fa26e-5965-7b8f-ac57-d6bf72aa4918" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax_019fa26e-5965-7636-ac50-008a6ad8b6e8" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_019fa26e-5965-721c-bf96-d8872d7fbd93" xlink:to="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax_019fa26e-5965-7636-ac50-008a6ad8b6e8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_019fa26e-5965-7821-bcca-574368abb455" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_019fa26e-5965-721c-bf96-d8872d7fbd93" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_019fa26e-5965-7821-bcca-574368abb455" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_019fa26e-5965-7d07-9d0f-c46f71aa2ce2" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_019fa26e-5965-721c-bf96-d8872d7fbd93" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_019fa26e-5965-7d07-9d0f-c46f71aa2ce2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_019fa26e-5965-7734-b992-1ebed2187ecc" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_019fa26e-5965-721c-bf96-d8872d7fbd93" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_019fa26e-5965-7734-b992-1ebed2187ecc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_019fa26e-5965-7e0e-a24a-1f97865bb612" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_019fa26e-5965-721c-bf96-d8872d7fbd93" xlink:to="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_019fa26e-5965-7e0e-a24a-1f97865bb612" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_019fa272-1d6b-74cb-9e3a-d86797091964" xlink:href="bbva-20260630.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_019fa272-1d6b-7248-a3b6-31dae35880e4" xlink:href="bbva-20260630.xsd#bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_019fa272-1d6b-74cb-9e3a-d86797091964" xlink:to="loc_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_019fa272-1d6b-7248-a3b6-31dae35880e4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss_019fa272-1d6b-7a07-b373-fbfcf003cc7a" xlink:href="bbva-20260630.xsd#bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_019fa272-1d6b-74cb-9e3a-d86797091964" xlink:to="loc_bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss_019fa272-1d6b-7a07-b373-fbfcf003cc7a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale_019fa272-1d6b-77f9-8d96-0de4457764f0" xlink:href="bbva-20260630.xsd#bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_019fa272-1d6b-74cb-9e3a-d86797091964" xlink:to="loc_bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale_019fa272-1d6b-77f9-8d96-0de4457764f0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_019fa26f-96f1-715a-8e75-25602a1bf93f" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_019fa26f-96f1-7c00-9595-2958f5432bcf" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_019fa26f-96f1-715a-8e75-25602a1bf93f" xlink:to="loc_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_019fa26f-96f1-7c00-9595-2958f5432bcf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_019fa26f-96f1-7d12-bbbc-a199a799a7b2" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_019fa26f-96f1-715a-8e75-25602a1bf93f" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_019fa26f-96f1-7d12-bbbc-a199a799a7b2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_019fa26f-96f1-773b-9c08-95cfbecacfae" xlink:href="bbva-20260630.xsd#bbva_OtherReclassificationsComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_019fa26f-96f1-715a-8e75-25602a1bf93f" xlink:to="loc_bbva_OtherReclassificationsComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_019fa26f-96f1-773b-9c08-95cfbecacfae" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_019fa271-be27-7517-87a4-858dcb231c3b" xlink:href="bbva-20260630.xsd#bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_019fa271-be27-7379-8f59-cb0a5f9aa24f" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_019fa271-be27-7517-87a4-858dcb231c3b" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_019fa271-be27-7379-8f59-cb0a5f9aa24f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_019fa271-be27-7a20-85af-c9bd3682fec3" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_019fa271-be27-7517-87a4-858dcb231c3b" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_019fa271-be27-7a20-85af-c9bd3682fec3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationComprehensiveIncomeBeforeTaxAvailableForSaleFinancialAssets_019fa271-be27-77c1-be6e-9f9cad065ab2" xlink:href="bbva-20260630.xsd#bbva_OtherReclassificationComprehensiveIncomeBeforeTaxAvailableForSaleFinancialAssets"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_019fa271-be27-7517-87a4-858dcb231c3b" xlink:to="loc_bbva_OtherReclassificationComprehensiveIncomeBeforeTaxAvailableForSaleFinancialAssets_019fa271-be27-77c1-be6e-9f9cad065ab2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_019fa26f-faeb-7515-9622-58ed3787c43a" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_019fa26f-faeb-73ab-a92c-aeb43aa7a118" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_019fa26f-faeb-7515-9622-58ed3787c43a" xlink:to="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_019fa26f-faeb-73ab-a92c-aeb43aa7a118" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_019fa26f-faeb-777b-b376-03445da3c0f9" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_019fa26f-faeb-7515-9622-58ed3787c43a" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_019fa26f-faeb-777b-b376-03445da3c0f9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsOtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_019fa26f-faeb-7748-a402-ebfd47664bab" xlink:href="bbva-20260630.xsd#bbva_OtherReclassificationsOtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_019fa26f-faeb-7515-9622-58ed3787c43a" xlink:to="loc_bbva_OtherReclassificationsOtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_019fa26f-faeb-7748-a402-ebfd47664bab" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_019fa26d-61df-7ce7-9769-15a4e62c7503" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_019fa26d-61df-7752-9a8d-4cf533c59001" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_019fa26d-61df-7ce7-9769-15a4e62c7503" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_019fa26d-61df-7752-9a8d-4cf533c59001" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26d-61df-7439-bf05-31b7c3ddafe3" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_019fa26d-61df-7ce7-9769-15a4e62c7503" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26d-61df-7439-bf05-31b7c3ddafe3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherComprehensiveIncomeHedgingInstrumentsNonDesignatedElements_019fa271-4afd-71e8-9543-5c7d6190e9b7" xlink:href="bbva-20260630.xsd#bbva_OtherComprehensiveIncomeHedgingInstrumentsNonDesignatedElements"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ValuationGainsLossesTakenToEquityHedgingInstruments_019fa271-4afd-77db-98c9-66a3bbd140f3" xlink:href="bbva-20260630.xsd#bbva_ValuationGainsLossesTakenToEquityHedgingInstruments"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_OtherComprehensiveIncomeHedgingInstrumentsNonDesignatedElements_019fa271-4afd-71e8-9543-5c7d6190e9b7" xlink:to="loc_bbva_ValuationGainsLossesTakenToEquityHedgingInstruments_019fa271-4afd-77db-98c9-66a3bbd140f3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7c1d-9cc7-2bebacde431f" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_019fa26f-0e4d-7856-b310-073c3857afcd" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7c1d-9cc7-2bebacde431f" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_019fa26f-0e4d-7856-b310-073c3857afcd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_019fa26f-0e4d-7635-b0be-23609eee3de5" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7c1d-9cc7-2bebacde431f" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_019fa26f-0e4d-7635-b0be-23609eee3de5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_019fa26f-0e4d-79e3-9b2a-754fd91cd6cc" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7c1d-9cc7-2bebacde431f" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_019fa26f-0e4d-79e3-9b2a-754fd91cd6cc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherComprehensiveIncomeHedgingInstrumentsNonDesignatedElements_019fa26f-0e4d-7502-b5ed-0043aab5c4d3" xlink:href="bbva-20260630.xsd#bbva_OtherComprehensiveIncomeHedgingInstrumentsNonDesignatedElements"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7c1d-9cc7-2bebacde431f" xlink:to="loc_bbva_OtherComprehensiveIncomeHedgingInstrumentsNonDesignatedElements_019fa26f-0e4d-7502-b5ed-0043aab5c4d3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_019fa26f-0e4d-74ff-8fa8-940733c41692" xlink:href="bbva-20260630.xsd#bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7c1d-9cc7-2bebacde431f" xlink:to="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_019fa26f-0e4d-74ff-8fa8-940733c41692" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_019fa26f-0e4d-7ee0-bdd9-85199fbc0c9c" xlink:href="bbva-20260630.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7c1d-9cc7-2bebacde431f" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_019fa26f-0e4d-7ee0-bdd9-85199fbc0c9c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7f13-af7e-4370d3c39e11" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7c1d-9cc7-2bebacde431f" xlink:to="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7f13-af7e-4370d3c39e11" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_019fa26f-0e4d-74b0-9492-a4e19abca62c" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_019fa26f-0e4d-7c1d-9cc7-2bebacde431f" xlink:to="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_019fa26f-0e4d-74b0-9492-a4e19abca62c" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/StatementofcomprehensiveincomeOCIcomponentspresentedbeforetaxStatement_1" xlink:type="simple" xlink:href="bbva-20260630.xsd#StatementofcomprehensiveincomeOCIcomponentspresentedbeforetaxStatement_1"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/StatementofcomprehensiveincomeOCIcomponentspresentedbeforetaxStatement_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome_019fa26c-d2f7-7e29-a544-93641449d6a9" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_019fa26c-d2f7-7789-8649-ad1793d2a4da" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_019fa26c-d2f7-7e29-a544-93641449d6a9" xlink:to="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_019fa26c-d2f7-7789-8649-ad1793d2a4da" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_019fa26c-d2f7-7721-b932-32fc388e6a62" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_019fa26c-d2f7-7e29-a544-93641449d6a9" xlink:to="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_019fa26c-d2f7-7721-b932-32fc388e6a62" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/StatementofcashflowsindirectmethodStatement" xlink:type="simple" xlink:href="bbva-20260630.xsd#StatementofcashflowsindirectmethodStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/StatementofcashflowsindirectmethodStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_019f938c-efb6-7ae1-8ec1-2470cd3d1600" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_019f938c-efb6-7dcc-8321-85e73d74be55" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_019f938c-efb6-7ae1-8ec1-2470cd3d1600" xlink:to="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_019f938c-efb6-7dcc-8321-85e73d74be55" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InflowsOfCashFromInvestingActivities_019f938c-efb6-7f2d-a79e-93294b459bb3" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InflowsOfCashFromInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_019f938c-efb6-7ae1-8ec1-2470cd3d1600" xlink:to="loc_ifrs-full_InflowsOfCashFromInvestingActivities_019f938c-efb6-7f2d-a79e-93294b459bb3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DisinvestmentsInFinancingActivities_019f9391-23a5-760d-aa8f-d8c0f032055c" xlink:href="bbva-20260630.xsd#bbva_DisinvestmentsInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_019f9391-23a5-7ca9-a692-eaffb49f8a1e" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_DisinvestmentsInFinancingActivities_019f9391-23a5-760d-aa8f-d8c0f032055c" xlink:to="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_019f9391-23a5-7ca9-a692-eaffb49f8a1e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssuingShares_019f9391-23a5-7800-abc2-4804f289061c" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssuingShares"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_DisinvestmentsInFinancingActivities_019f9391-23a5-760d-aa8f-d8c0f032055c" xlink:to="loc_ifrs-full_ProceedsFromIssuingShares_019f9391-23a5-7800-abc2-4804f289061c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProceedsFromTreasuryStockDisposal_019f9391-23a5-7741-a169-c528b969f470" xlink:href="bbva-20260630.xsd#bbva_ProceedsFromTreasuryStockDisposal"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_DisinvestmentsInFinancingActivities_019f9391-23a5-760d-aa8f-d8c0f032055c" xlink:to="loc_bbva_ProceedsFromTreasuryStockDisposal_019f9391-23a5-7741-a169-c528b969f470" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherInflowsOfCashClassifiedAsFinancingActivities_019f9391-23a5-72dc-b2d3-d26f79860b68" xlink:href="bbva-20260630.xsd#bbva_OtherInflowsOfCashClassifiedAsFinancingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_DisinvestmentsInFinancingActivities_019f9391-23a5-760d-aa8f-d8c0f032055c" xlink:to="loc_bbva_OtherInflowsOfCashClassifiedAsFinancingActivities_019f9391-23a5-72dc-b2d3-d26f79860b68" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_019f9389-ea22-79d9-8880-1bb5a067c814" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_019f9389-ea22-7262-87b0-08fb3d86e467" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_019f9389-ea22-79d9-8880-1bb5a067c814" xlink:to="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_019f9389-ea22-7262-87b0-08fb3d86e467" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_019f9389-ea22-75bd-934a-2a018213c67b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAdjustmentsToReconcileProfitLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_019f9389-ea22-79d9-8880-1bb5a067c814" xlink:to="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_019f9389-ea22-75bd-934a-2a018213c67b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_019f938c-6f0f-70e2-ad14-624da5b87365" xlink:href="bbva-20260630.xsd#bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading_019f938c-6f0f-743d-ab95-c0af2e59931d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_019f938c-6f0f-70e2-ad14-624da5b87365" xlink:to="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading_019f938c-6f0f-743d-ab95-c0af2e59931d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtFairValueThroughProfitOrLoss_019f938c-6f0f-74a0-ac5b-53448138d85d" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_019f938c-6f0f-70e2-ad14-624da5b87365" xlink:to="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtFairValueThroughProfitOrLoss_019f938c-6f0f-74a0-ac5b-53448138d85d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCost_019f938c-6f0f-7e72-8723-4d92adcb3fed" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCost"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_019f938c-6f0f-70e2-ad14-624da5b87365" xlink:to="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCost_019f938c-6f0f-7e72-8723-4d92adcb3fed" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_019f938c-6f0f-7959-8eee-2673ef82a5c6" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_019f938c-6f0f-70e2-ad14-624da5b87365" xlink:to="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_019f938c-6f0f-7959-8eee-2673ef82a5c6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_019f936e-5838-7661-9cb0-c0015ad6336b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_019f936e-5838-78e3-bb30-131fe8cb5252" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_019f936e-5838-7661-9cb0-c0015ad6336b" xlink:to="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_019f936e-5838-78e3-bb30-131fe8cb5252" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_019f936e-5838-792e-a48b-e6b8dbd5bb3e" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_019f936e-5838-7661-9cb0-c0015ad6336b" xlink:to="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_019f936e-5838-792e-a48b-e6b8dbd5bb3e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_019f936e-5838-7cef-9f4f-c6bbf07d0e31" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_019f936e-5838-7661-9cb0-c0015ad6336b" xlink:to="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_019f936e-5838-7cef-9f4f-c6bbf07d0e31" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_019f936e-5838-7dc5-8ee2-7f837c7e3b6b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_019f936e-5838-7661-9cb0-c0015ad6336b" xlink:to="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_019f936e-5838-7dc5-8ee2-7f837c7e3b6b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_019f938b-064b-7a87-b990-0d399de9a09a" xlink:href="bbva-20260630.xsd#bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading_019f938b-064b-7706-818f-8464a660cd68" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_019f938b-064b-7a87-b990-0d399de9a09a" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading_019f938b-064b-7706-818f-8464a660cd68" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_019f938b-064b-7590-ab51-5ecc2eac77b7" xlink:href="bbva-20260630.xsd#bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_019f938b-064b-7a87-b990-0d399de9a09a" xlink:to="loc_bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_019f938b-064b-7590-ab51-5ecc2eac77b7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f938b-064b-78e6-80b0-66695893ecce" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_019f938b-064b-7a87-b990-0d399de9a09a" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_019f938b-064b-78e6-80b0-66695893ecce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019f938b-064b-7c68-846a-8e7bf983b7be" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_019f938b-064b-7a87-b990-0d399de9a09a" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019f938b-064b-7c68-846a-8e7bf983b7be" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtAmortisedCost_019f938b-064b-7bbb-8590-1fead7bf18e0" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtAmortisedCost"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_019f938b-064b-7a87-b990-0d399de9a09a" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtAmortisedCost_019f938b-064b-7bbb-8590-1fead7bf18e0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_019f938b-064b-7a75-8697-a6892c03c9f1" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_019f938b-064b-7a87-b990-0d399de9a09a" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_019f938b-064b-7a75-8697-a6892c03c9f1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_019f938d-b793-71f6-af9a-6528f115e936" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_019f938d-b793-75e5-a604-78ae65b93892" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_019f938d-b793-71f6-af9a-6528f115e936" xlink:to="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_019f938d-b793-75e5-a604-78ae65b93892" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_019f938d-b793-70b7-aea7-eb9e44738983" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_019f938d-b793-71f6-af9a-6528f115e936" xlink:to="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_019f938d-b793-70b7-aea7-eb9e44738983" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_019f938d-b793-7685-8179-f83a82fb67d3" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_019f938d-b793-71f6-af9a-6528f115e936" xlink:to="loc_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_019f938d-b793-7685-8179-f83a82fb67d3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_019f938d-b793-7815-a7bc-5f492f598f67" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_019f938d-b793-71f6-af9a-6528f115e936" xlink:to="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_019f938d-b793-7815-a7bc-5f492f598f67" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites_019f938d-b793-7b1e-bef2-b01b4828f03a" xlink:href="bbva-20260630.xsd#bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_019f938d-b793-71f6-af9a-6528f115e936" xlink:to="loc_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites_019f938d-b793-7b1e-bef2-b01b4828f03a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InvestmentOtherSettlementsRelatedToInvestingActivities_019f938d-b793-7aaf-ac20-213e912e459d" xlink:href="bbva-20260630.xsd#bbva_InvestmentOtherSettlementsRelatedToInvestingActivities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_019f938d-b793-71f6-af9a-6528f115e936" xlink:to="loc_bbva_InvestmentOtherSettlementsRelatedToInvestingActivities_019f938d-b793-7aaf-ac20-213e912e459d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InvestmentsInFinancingActivities_019f9390-b61b-7f85-833c-ca39a3501fc6" xlink:href="bbva-20260630.xsd#bbva_InvestmentsInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_019f9390-b61b-77d6-9389-7644643712a0" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_InvestmentsInFinancingActivities_019f9390-b61b-7f85-833c-ca39a3501fc6" xlink:to="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_019f9390-b61b-77d6-9389-7644643712a0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities_019f9390-b61b-77be-84c5-c3941bc6ef1c" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepaymentsOfSubordinatedLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_InvestmentsInFinancingActivities_019f9390-b61b-7f85-833c-ca39a3501fc6" xlink:to="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities_019f9390-b61b-77be-84c5-c3941bc6ef1c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TreasuryStockAmortizationFromFinancingActivities_019f9390-b61b-7208-8466-228bcb17c2a0" xlink:href="bbva-20260630.xsd#bbva_TreasuryStockAmortizationFromFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_InvestmentsInFinancingActivities_019f9390-b61b-7f85-833c-ca39a3501fc6" xlink:to="loc_bbva_TreasuryStockAmortizationFromFinancingActivities_019f9390-b61b-7208-8466-228bcb17c2a0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TreasuryStockAcquisitionsFromFinancingActivities_019f9390-b61b-7447-960f-bd419a7ef303" xlink:href="bbva-20260630.xsd#bbva_TreasuryStockAcquisitionsFromFinancingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_InvestmentsInFinancingActivities_019f9390-b61b-7f85-833c-ca39a3501fc6" xlink:to="loc_bbva_TreasuryStockAcquisitionsFromFinancingActivities_019f9390-b61b-7447-960f-bd419a7ef303" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherOutflowsOfCashClassifiedAsFinancingActivities_019f9390-b61b-7594-ab0e-609ee233e7ca" xlink:href="bbva-20260630.xsd#bbva_OtherOutflowsOfCashClassifiedAsFinancingActivities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bbva_InvestmentsInFinancingActivities_019f9390-b61b-7f85-833c-ca39a3501fc6" xlink:to="loc_bbva_OtherOutflowsOfCashClassifiedAsFinancingActivities_019f9390-b61b-7594-ab0e-609ee233e7ca" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_019f9390-2de3-758f-b1c0-e8731d8b67f2" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InvestmentsInFinancingActivities_019f9390-2de3-7576-8052-b5573ec27ed8" xlink:href="bbva-20260630.xsd#bbva_InvestmentsInFinancingActivities"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_019f9390-2de3-758f-b1c0-e8731d8b67f2" xlink:to="loc_bbva_InvestmentsInFinancingActivities_019f9390-2de3-7576-8052-b5573ec27ed8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DisinvestmentsInFinancingActivities_019f9390-2de3-7ef7-960d-d01a63b64e5b" xlink:href="bbva-20260630.xsd#bbva_DisinvestmentsInFinancingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_019f9390-2de3-758f-b1c0-e8731d8b67f2" xlink:to="loc_bbva_DisinvestmentsInFinancingActivities_019f9390-2de3-7ef7-960d-d01a63b64e5b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_019f9387-7fff-770b-a7a8-2685e75342e0" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_019f9387-7fff-7f9c-930a-1b8bb8380ed5" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_019f9387-7fff-770b-a7a8-2685e75342e0" xlink:to="loc_ifrs-full_ProfitLoss_019f9387-7fff-7f9c-930a-1b8bb8380ed5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_019f9387-7fff-713b-b659-3e3e8c86bcaa" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_019f9387-7fff-770b-a7a8-2685e75342e0" xlink:to="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_019f9387-7fff-713b-b659-3e3e8c86bcaa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_019f9387-7fff-78e4-9810-2247f7a08140" xlink:href="bbva-20260630.xsd#bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_019f9387-7fff-770b-a7a8-2685e75342e0" xlink:to="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_019f9387-7fff-78e4-9810-2247f7a08140" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_019f9387-7fff-78ce-b6dc-341da00422a5" xlink:href="bbva-20260630.xsd#bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_019f9387-7fff-770b-a7a8-2685e75342e0" xlink:to="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_019f9387-7fff-78ce-b6dc-341da00422a5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_019f9387-7fff-76a2-937c-0b8266a63f58" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_019f9387-7fff-770b-a7a8-2685e75342e0" xlink:to="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_019f9387-7fff-76a2-937c-0b8266a63f58" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InflowsOfCashFromInvestingActivities_019f938f-c221-71b9-81b0-dcfdf24b5ab2" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InflowsOfCashFromInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_019f938f-c221-795e-8288-50a363a9a904" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_019f938f-c221-71b9-81b0-dcfdf24b5ab2" xlink:to="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_019f938f-c221-795e-8288-50a363a9a904" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_019f938f-c221-7818-a457-b9c6ca2af06a" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_019f938f-c221-71b9-81b0-dcfdf24b5ab2" xlink:to="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_019f938f-c221-7818-a457-b9c6ca2af06a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities_019f938f-c221-7a74-8c1e-5222b14864c4" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_019f938f-c221-71b9-81b0-dcfdf24b5ab2" xlink:to="loc_ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities_019f938f-c221-7a74-8c1e-5222b14864c4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_019f938f-c221-7ce3-ab72-0a31e6968c57" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_019f938f-c221-71b9-81b0-dcfdf24b5ab2" xlink:to="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_019f938f-c221-7ce3-ab72-0a31e6968c57" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_019f938f-c221-7fd8-a7bb-5e1426b4517b" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_019f938f-c221-71b9-81b0-dcfdf24b5ab2" xlink:to="loc_ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_019f938f-c221-7fd8-a7bb-5e1426b4517b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProceedsFromOtherCollectionsRelatedToInvestingActivities_019f938f-c221-77b9-ab0f-90bcf04d928b" xlink:href="bbva-20260630.xsd#bbva_ProceedsFromOtherCollectionsRelatedToInvestingActivities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_019f938f-c221-71b9-81b0-dcfdf24b5ab2" xlink:to="loc_bbva_ProceedsFromOtherCollectionsRelatedToInvestingActivities_019f938f-c221-77b9-ab0f-90bcf04d928b" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
