Banco Santander stock gains on stronger 2025 results

Banco Santander (ES0113900019) stock is anchored by 2025 figures that still frame the shares on 21 July 2026: net profit reached EUR 12.57 billion, revenue was EUR 62.2 billion, and the group ended the year with a CET1 ratio of 12.8%. Tangible book value per share rose 14% to EUR 5.30, giving investors a concrete balance-sheet and earnings reference point.

EUR 12.57 billion profit

Banco Santander said 2025 net profit was EUR 12.57 billion, up 14% from 2024, according to the companys 2025 results release. Revenue of EUR 62.2 billion also rose 7% year on year, which shows that the profit line was not driven by a single item but by a broader operating base.

The same report put the CET1 ratio at 12.8% and tangible book value per share at EUR 5.30, up 14% from a year earlier. For investors, that combination matters because capital strength and book value give the earnings trend a second layer of support.

Capital stays solid

The 12.8% CET1 ratio placed Santander well above regulatory minimums, while the 14% increase in tangible book value per share signaled that retained earnings were still feeding equity growth. The 7% revenue increase to EUR 62.2 billion also gives the profit beat a clearer operating context than a pure bottom-line headline would.

Those figures matter because banks are judged on more than income: the market also watches capital, book value, and the pace at which revenue turns into profit. Santanders 2025 report gave all three in one package.

Payments and lending mix

The same 2025 release also showed a dividend of EUR 11.00 cents per share for the year, alongside the stronger profit and revenue figures. That payout detail matters because it links earnings to shareholder return without needing a separate valuation story.

Banco Santander also continued to rely on its broad retail, commercial, and consumer franchise, which helps explain why the revenue base reached EUR 62.2 billion in 2025. The mix is relevant to the stock because recurring banking income typically carries more weight than isolated one-off gains.

Retail banking scale

The most representative business line remains retail banking, which sits at the center of Santanders earnings engine and customer base. In 2025, that scale translated into higher revenue, higher profit, and a stronger tangible book value, making the franchise easier to assess than a simple headline profit figure.

The closing market reference is the full-year 2025 result set, which remains the most concrete dated valuation anchor available in the current evidence set. Banco Santander stock is therefore best read through EUR 12.57 billion of profit, EUR 62.2 billion of revenue, and a 12.8% CET1 ratio rather than through a single short-term move.