NYSE : BBVA
Banco Bilbao Vizcaya Argentaria, S.A. — Financial statements
Financials · Banks - Diversified · Spain
Last price 24.45 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 134.11B
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Financial statements
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 58.63B | 52.82B | 55.22B | 42.14B | 29.13B | 20.24B |
| Interest Income on Investments | 6.55B | 5.65B | 6.55B | 5.83B | 2.42B | 2.95B |
| Total Interest Income | 65.18B | 58.47B | 61.78B | 47.97B | 31.55B | 23.19B |
| Interest Paid on Deposits | 27.89B | 26.18B | 28.51B | 19.28B | 11.12B | 8.33B |
| Interest Paid on Borrowings | 6.88B | 5.88B | 7.89B | 5.49B | 1.18B | |
| Total Interest Expense | 34.77B | 32.06B | 36.39B | 24.76B | 12.31B | 8.33B |
| Net Interest Income | 30.41B | 26.40B | 25.39B | 23.21B | 19.25B | 14.86B |
| Income From Trading Activities | 2.12B | 2.25B | 2.46B | 1.35B | 562.00M | 341.00M |
| Gain (Loss) on Sale of Assets | -22.00M | 18.00M | -17.00M | 22.00M | -119.00M | -16.00M |
| Gain (Loss) on Sale of Investments | 800.00M | 722.00M | 740.00M | 417.00M | 105.00M | 856.00M |
| Gain (Loss) on Sale of Equity Investments | 100.00M | 62.00M | 40.00M | 26.00M | 21.00M | 1.00M |
| Other Non-Interest Income | 9.35B | 8.26B | 8.62B | 6.45B | 6.45B | 5.55B |
| Total Non-Interest Income | 12.37B | 11.35B | 11.86B | 8.31B | 7.03B | 6.76B |
| Revenues Before Loan Losses | 42.78B | 37.75B | 37.24B | 31.52B | 26.28B | 21.62B |
| Provision for Loan Losses | 7.22B | 6.10B | 5.69B | 4.39B | 3.30B | 3.02B |
| Revenue | 35.56B | 31.65B | 31.56B | 27.13B | 22.98B | 18.60B |
| Salaries and Employee Benefits | 7.75B | 7.75B | 7.64B | 6.51B | 5.60B | 5.05B |
| Occupancy Expenses | 1.66B | 1.52B | 1.53B | 1.40B | 1.33B | 1.23B |
| Selling, General & Administrative | 6.27B | 4.74B | 4.54B | 3.95B | 3.40B | 2.90B |
| Other Non-Interest Expense | 595.00M | 484.00M | 502.00M | 665.00M | 506.00M | 1.27B |
| Total Non-Interest Expense | 16.27B | 14.49B | 14.21B | 12.52B | 10.84B | 10.45B |
| EBT Excluding Unusual Items | 19.29B | 17.15B | 17.34B | 14.61B | 12.14B | 8.15B |
| Asset Writedown | 20.00M | 27.00M | 28.00M | -14.00M | 28.00M | -180.00M |
| Legal Settlements | -145.00M | -213.00M | -191.00M | -171.00M | -210.00M | -135.00M |
| Other Unusual Items | -909.00M | -742.00M | -1.77B | -2.01B | -1.69B | -585.00M |
| Pretax Income | 18.26B | 16.23B | 15.40B | 12.42B | 10.27B | 7.25B |
| Income Tax Expense | 5.92B | 5.10B | 4.83B | 4.00B | 3.50B | 1.91B |
| Earnings From Continuing Operations | 12.34B | 11.13B | 10.57B | 8.42B | 6.76B | 5.34B |
| Earnings From Discontinued Operations | 280.00M | |||||
| Minority Interest in Earnings | -738.00M | -615.00M | -521.00M | -397.00M | -405.00M | -965.00M |
| Net Income | 11.60B | 10.51B | 10.05B | 8.02B | 6.36B | 4.65B |
| Preferred Dividends & Other Adjustments | 397.00M | 397.00M | 388.00M | 344.00M | 313.00M | 359.00M |
| Net Income to Common | 11.20B | 10.11B | 9.67B | 7.67B | 6.04B | 4.29B |
| Basic Shares Outstanding | 5.58B | 5.75B | 5.77B | 5.95B | 6.19B | 6.40B |
| Diluted Shares Outstanding | 5.58B | 5.75B | 5.77B | 5.95B | 6.19B | 6.40B |
| EPS (Basic) | 2.01 | 1.76 | 1.68 | 1.29 | 0.98 | 0.67 |
| EPS (Diluted) | 2.01 | 1.76 | 1.68 | 1.29 | 0.98 | 0.67 |
| Dividend Per Share | 0.97 | 0.92 | 0.70 | 0.55 | 0.43 | 0.31 |
| Effective Tax Rate | 32.43% | 31.43% | 31.35% | 32.23% | 34.13% | 26.34% |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 16.82B | 15.98B | 15.84B | 14.67B | 12.44B | 12.79B |
| Investment Securities | 152.69B | 153.33B | 139.42B | 127.90B | 115.81B | 105.41B |
| Trading Asset Securities | 155.13B | 123.67B | 110.04B | 142.43B | 112.42B | 125.30B |
| Total Investments | 307.82B | 277.00B | 249.47B | 270.32B | 228.22B | 230.71B |
| Gross Loans | 587.40B | 499.94B | 445.96B | 407.98B | 383.94B | 346.88B |
| Allowance for Loan Losses | -13.33B | -12.30B | -11.61B | -11.27B | -11.24B | -11.12B |
| Net Loans | 574.07B | 487.64B | 434.35B | 396.71B | 372.70B | 335.77B |
| Property, Plant & Equipment | 9.51B | 9.32B | 9.58B | 9.13B | 8.54B | 7.19B |
| Goodwill | 752.00M | 715.00M | 700.00M | 795.00M | 707.00M | 818.00M |
| Other Intangible Assets | 2.45B | 2.14B | 1.79B | 1.57B | 1.45B | 1.38B |
| Investments in Real Estate | 254.00M | 163.00M | 175.00M | 124.00M | 202.00M | 109.00M |
| Accrued Interest Receivable | 2.80B | 2.10B | 1.86B | 1.37B | 1.46B | 730.00M |
| Other Receivables | 3.08B | 4.00B | 4.29B | 2.86B | 1.98B | 932.00M |
| Restricted Cash | 46.11B | 42.86B | 35.31B | 60.75B | 67.31B | 55.00B |
| Other Current Assets | 5.47B | 1.49B | 1.52B | 555.00M | 633.00M | 916.00M |
| Long-Term Deferred Tax Assets | 14.32B | 13.87B | 14.35B | 14.64B | 14.75B | 14.92B |
| Other Real Estate Owned & Foreclosed | 728.00M | 524.00M | 610.00M | 644.00M | 714.00M | 569.00M |
| Other Long-Term Assets | 2.01B | 1.78B | 2.55B | 1.43B | 983.00M | 1.05B |
| Total Assets | 986.19B | 859.58B | 772.40B | 775.56B | 712.09B | 662.88B |
| Accrued Expenses | 4.17B | 3.46B | 3.07B | 2.88B | 2.60B | 2.14B |
| Interest Bearing Deposits | 188.99B | 158.77B | 129.01B | 117.53B | 122.08B | 106.68B |
| Non-Interest Bearing Deposits | 372.69B | 367.45B | 339.41B | 324.33B | 327.72B | 300.62B |
| Total Deposits | 561.68B | 526.22B | 468.42B | 441.86B | 449.81B | 407.30B |
| Short-Term Borrowings | 82.85B | 63.45B | 64.79B | 68.36B | 51.77B | 44.78B |
| Current Portion of Leases | 227.00M | |||||
| Current Income Taxes Payable | 1.80B | 1.48B | 575.00M | 878.00M | 1.42B | 644.00M |
| Other Current Liabilities | 98.56B | 67.03B | 59.09B | 93.80B | 62.93B | 63.32B |
| Long-Term Debt | 117.76B | 87.84B | 74.46B | 72.68B | 58.72B | 59.16B |
| Long-Term Leases | 1.50B | 1.24B | 1.47B | 1.51B | 1.40B | 2.56B |
| Pension & Post-Retirement Benefits | 2.45B | 2.60B | 2.73B | 3.01B | 3.10B | 4.21B |
| Long-Term Deferred Tax Liabilities | 3.02B | 2.54B | 2.46B | 1.68B | 1.52B | 1.77B |
| Other Long-Term Liabilities | 49.83B | 41.69B | 35.32B | 33.64B | 28.33B | 28.25B |
| Total Liabilities | 923.62B | 797.78B | 712.39B | 720.29B | 661.57B | 614.12B |
| Common Stock | 2.70B | 2.80B | 2.82B | 2.86B | 2.96B | 3.27B |
| Additional Paid-In Capital | 16.05B | 18.47B | 19.18B | 19.77B | 20.86B | 23.60B |
| Retained Earnings | 58.40B | 55.02B | 49.08B | 43.30B | 38.35B | 35.96B |
| Treasury Stock | -1.05B | -299.00M | -66.00M | -34.00M | -29.00M | -647.00M |
| Comprehensive Income & Other | -18.54B | -18.63B | -15.37B | -14.20B | -15.23B | -18.27B |
| Total Common Equity | 57.57B | 57.35B | 55.65B | 51.70B | 46.90B | 43.91B |
| Minority Interest | 4.99B | 4.44B | 4.36B | 3.56B | 3.62B | 4.85B |
| Shareholders' Equity | 62.57B | 61.80B | 60.01B | 55.27B | 50.52B | 48.76B |
| Total Liabilities & Equity | 986.19B | 859.58B | 772.40B | 775.56B | 712.09B | 662.88B |
| Total Debt | 202.11B | 152.75B | 140.72B | 142.55B | 111.88B | 106.50B |
| Net Cash (Debt) | -30.16B | -4.24B | -5.42B | 20.42B | 18.33B | 34.41B |
| Net Cash Per Share | -5.41 | -0.74 | -0.94 | 3.43 | 2.96 | 5.37 |
| Filing Date Shares Outstanding | 5.46B | 5.69B | 5.76B | 5.83B | 6.02B | 6.54B |
| Total Common Shares Outstanding | 5.46B | 5.69B | 5.76B | 5.83B | 6.02B | 6.54B |
| Book Value Per Share | 10.54 | 10.08 | 9.67 | 8.86 | 7.78 | 6.71 |
| Tangible Book Value | 54.37B | 54.50B | 53.16B | 49.34B | 44.74B | 41.71B |
| Tangible Book Value Per Share | 9.95 | 9.58 | 9.24 | 8.46 | 7.43 | 6.38 |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 11.60B | 10.51B | 10.05B | 8.02B | 6.36B | 4.65B |
| Depreciation & Amortization | 1.09B | 955.00M | 990.00M | 885.00M | 838.00M | 788.00M |
| Other Amortization | 566.00M | 566.00M | 543.00M | 518.00M | 490.00M | 446.00M |
| Change in Trading Asset Securities | -8.72B | -13.46B | 27.45B | -25.41B | 13.82B | -9.89B |
| Change in Other Net Operating Assets | 2.80B | 6.26B | -65.40B | 9.48B | -5.38B | -3.11B |
| Other Operating Activities | 11.65B | 10.14B | 8.17B | 5.79B | 7.59B | 5.87B |
| Operating Cash Flow | 18.99B | 14.97B | -18.19B | -721.00M | 23.72B | -1.24B |
| Capital Expenditures | -1.00B | -827.00M | -1.20B | -1.13B | -1.81B | -396.00M |
| Sale of Property, Plant and Equipment | 83.00M | 83.00M | 104.00M | 92.00M | 29.00M | 78.00M |
| Cash Acquisitions | -18.00M | -28.00M | -1.39B | |||
| Investment in Securities | 145.00M | 82.00M | 31.00M | -35.00M | 46.00M | 30.00M |
| Divestitures | 50.00M | 50.00M | 73.00M | 21.00M | 10.00M | |
| Purchase / Sale of Intangibles | -1.11B | -979.00M | -816.00M | -690.00M | -630.00M | -550.00M |
| Other Investing Activities | 166.00M | 188.00M | 408.00M | 322.00M | -155.00M | -806.00M |
| Investing Cash Flow | -1.68B | -1.40B | -1.42B | -1.42B | -3.91B | -1.63B |
| Long-Term Debt Issued | 4.99B | 5.51B | 4.67B | |||
| Long-Term Debt Repaid | -2.65B | -2.60B | -1.63B | -2.26B | -2.30B | |
| Net Debt Issued (Repaid) | 762.00M | 2.34B | 2.92B | 3.04B | -2.26B | -2.30B |
| Issuance of Common Stock | 757.00M | 757.00M | 691.00M | 711.00M | 434.00M | 438.00M |
| Repurchase of Common Stock | -6.65B | -2.00B | -1.53B | -2.17B | -2.98B | -1.02B |
| Common Dividends Paid | -5.20B | -4.20B | -3.91B | -2.81B | -2.19B | -926.00M |
| Other Financing Activities | -699.00M | -579.00M | -731.00M | -622.00M | -571.00M | -538.00M |
| Financing Cash Flow | -11.03B | -3.67B | -2.57B | -1.84B | -7.56B | -4.35B |
| Foreign Exchange Rate Adjustments | -200.00M | -2.20B | -2.09B | -357.00M | -288.00M | -1.86B |
| Net Cash Flow | 6.08B | 7.69B | -24.27B | -4.34B | 11.96B | -9.09B |
| Free Cash Flow | 17.98B | 14.14B | -19.39B | -1.85B | 21.91B | -1.64B |
| Free Cash Flow Margin | 50.57% | 44.68% | -61.43% | -6.82% | 95.35% | -8.81% |
| Free Cash Flow Per Share | 3.22 | 2.46 | -3.36 | -0.31 | 3.54 | -0.26 |
| Cash Income Tax Paid | 4.44B | 3.33B | 5.63B | 5.35B | 3.23B | 1.55B |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 128.26B | 134.03B | 56.40B | 53.03B | 35.74B | 39.72B |
| Last Close Price | 23.44 | 22.45 | 8.94 | 7.94 | 4.95 | 4.57 |
| PE Ratio | 10.44 | 11.29 | 5.64 | 6.25 | 5.53 | 8.13 |
| PS Ratio | 3.18 | 3.61 | 1.73 | 1.77 | 1.46 | 1.88 |
| PB Ratio | 1.81 | 1.85 | 0.91 | 0.87 | 0.66 | 0.72 |
| P/FCF Ratio | 6.38 | 8.07 | 1.53 | |||
| P/OCF Ratio | 6.04 | 7.63 | 1.41 | |||
| Debt / Equity Ratio | 3.23 | 2.47 | 2.35 | 2.58 | 2.21 | 2.18 |
| Debt / FCF Ratio | 11.24 | 10.80 | 5.11 | |||
| Net Debt / Equity Ratio | 0.48 | 0.07 | 0.09 | -0.37 | -0.36 | -0.71 |
| Net Debt / FCF Ratio | 1.68 | 0.30 | -0.28 | 11.04 | -0.84 | 21.00 |
| Return on Equity (ROE) | 19.84% | 18.27% | 18.35% | 15.91% | 13.62% | 10.81% |
| Return on Assets (ROA) | 1.37% | 1.36% | 1.37% | 1.13% | 0.98% | 0.76% |
| Earnings Yield | 9.58% | 9.21% | 18.46% | 16.71% | 19.01% | 13.32% |
| FCF Yield | 15.68% | 12.39% | -35.59% | -3.86% | 65.51% | -4.69% |
| Dividend Yield | 3.86% | 4.59% | 7.40% | 6.69% | 7.75% | 5.81% |
| Payout Ratio | 42.65% | 39.92% | 38.92% | 35.02% | 34.37% | 19.90% |
| Buyback Yield / Dilution | 3.24% | 0.36% | 3.11% | 3.80% | 3.31% | 31.33% |
| Total Shareholder Return | 7.09% | 4.95% | 10.50% | 10.48% | 11.06% | 37.14% |