Banco Santander, S.A.

BCDRFOTCFinancial Services● Active

$12.60

+$0.03(+0.24%)

Market Cap$184.9B

P/E Ratio—

52W High$13.48

52W Low$7.68

Avg Volume926K

Open$12.00

Beta0.95

Overview

Banco Santander, S.A. (BCDRF) Free Cash Flow & Analysis

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

BCDRF · free cash flow · updated Jun 8, 2026

Core FCF metrics

BCDRF · FCF · TTM · margin & CAGR

Free cash flow was $77.65B for FY2025 (fiscal year ending 2025-12-31), up 323.4% year-over-year The FCF margin was 64.8%. Five-year CAGR stands at +6.1%.

FY2025 Free Cash Flow$77.65B▲ +323.4% YoY

Trailing 12M (TTM)$77.65Btrailing 4 quarters sum

FCF Margin64.8%$77.65B ÷ revenue

3-Year CAGR+66.4%FY2022 → FY2025

5-Year CAGR+6.1%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

BCDRF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$83.50B(5.85B)$77.65B▲ +323.4%64.8%

FY2024−$24.16B(10.60B)−$34.75B▼ 302.8%-68.4%

FY2023$5.01B(13.64B)−$8.63B▼ 151.2%-18.9%

FY2022$27.71B(10.84B)$16.87B▼ 62.8%40.2%

FY2021$56.69B(11.40B)$45.29B▼ 21.4%116.1%

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

FCF valuation metrics

BCDRF · P/FCF · FCF yield · FCF per share

Banco Santander, S.A. (BCDRF) trades at a FCF yield of 49.61% and a price-to-free-cash-flow ratio of 2.5x. FCF per share stands at $5.08, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

49.61%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.08

TTM FCF ÷ Shares Outstanding

Price / FCF

x2.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x5.8

Enterprise Value basis

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

Cash flow statement summary

BCDRF · cash flow statement · operating / investing / financing

For FY2025, Banco Santander, S.A. generated $83.50B in operating cash flow and spent 5.85B in capital expenditures, yielding $77.65B in free cash flow.

Operating Activities

+$83.50B

Cash from core business operations

2025-12-31

Investing Activities

−$97.80B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$14.20B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($83.50B) − |CapEx| (5.85B) = FCF ($77.65B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

BCDRF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Banco Santander, S.A.YOU

BCDRF

$77.65B+323.4%64.8%

77%

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 Santander, S.A. (BCDRF) reported free cash flow of $77.65B for FY2025 (fiscal year ending 2025-12-31), up 323.4% year-over-year. The FCF margin was 64.8%.

Based on available data, Banco Santander, S.A. has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $77.65B in FY2025. The 5-year CAGR stands at +6.1%.

Banco Santander, S.A.'s FCF yield is 49.61% and price-to-FCF ratio is 2.5x 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

BCDRF free cash flow · 8 questions

Banco Santander, S.A. free cash flow was $77.65B for FY2025, up 323.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $77.65B.

BCDRF free cash flowBCDRF FCFBCDRF FCF 2025BCDRF free cash flow TTM

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