Banco Bilbao Vizcaya Argentaria, S.A.

BBVANYSEFinancial Services● Active

$22.33

+$0.11(+0.49%)

Market Cap$124.4B

P/E Ratio—

52W High$26.2

52W Low$14.63

Avg Volume1.8M

Open$22.58

Beta0.89

Overview

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BBVA · free cash flow · updated Jun 8, 2026

Core FCF metrics

BBVA · FCF · TTM · margin & CAGR

Free cash flow was $13.16B for FY2025 (fiscal year ending 2025-12-31), up 167.9% year-over-year The FCF margin was 35.6%. Five-year CAGR stands at -19.2%.

FY2025 Free Cash Flow$13.16B▲ +167.9% YoY

Trailing 12M (TTM)$13.42Btrailing 4 quarters sum

FCF Margin35.6%$13.16B ÷ revenue

3-Year CAGR-14.8%FY2022 → FY2025

5-Year CAGR-19.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BBVA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$14.97B(1.81B)$13.16B▲ +167.9%35.6%

FY2024−$18.19B(1.20B)−$19.39B▼ 663.2%-54.6%

FY2023−$721.0M(1.82B)−$2.54B▼ 111.9%-4.4%

FY2022$23.72B(2.44B)$21.28B▲ +1072.4%52.7%

FY2021−$1.24B(946M)−$2.19B▼ 105.7%-7.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BBVA · P/FCF · FCF yield · FCF per share

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) trades at a FCF yield of 105.45% and a price-to-free-cash-flow ratio of 9.9x. FCF per share stands at $2.25, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

105.45%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.25

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x1.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BBVA · cash flow statement · operating / investing / financing

For FY2025, Banco Bilbao Vizcaya Argentaria, S.A. generated $14.97B in operating cash flow and spent 1.81B in capital expenditures, yielding $13.16B in free cash flow.

Operating Activities

+$14.97B

Cash from core business operations

2025-12-31

Investing Activities

−$1.40B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$3.67B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($14.97B) − |CapEx| (1.81B) = FCF ($13.16B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

BBVA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Banco Bilbao Vizcaya Argentaria, S.A.YOU

BBVA

$13.16B+167.9%35.6%

13%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reported free cash flow of $13.16B for FY2025 (fiscal year ending 2025-12-31), up 167.9% year-over-year. The FCF margin was 35.6%.

Based on available data, Banco Bilbao Vizcaya Argentaria, S.A. has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $38.23B in FY2020. The 5-year CAGR stands at -19.2%.

Banco Bilbao Vizcaya Argentaria, S.A.'s FCF yield is 105.45% and price-to-FCF ratio is 9.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BBVA free cash flow · 8 questions

Banco Bilbao Vizcaya Argentaria, S.A. free cash flow was $13.16B for FY2025, up 167.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $13.42B.

BBVA free cash flowBBVA FCFBBVA FCF 2025BBVA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Banco Bilbao Vizcaya Argentaria, S.A. · Banco Bilbao Vizcaya Argentaria, S.A. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026