Banco Santander, S.A annual net debt
2017
2018
2019
2020
2021
2022
2023
2024
2025
Banco Santander, S.A Net Debt Growth & History (BNC)
Banco Santander, S.A's net debt was −€150.46B for fiscal 2025.
View full Banco Santander, S.A company overviewBanco Santander, S.A annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −€150.46B | €39.55B | — |
| 2024 | 2024-12-31 | −€190.01B | €27.94B | — |
| 2023 · Dec 31 | 2023-12-31 | −€217.94B | €2.51B | — |
| 2022 | 2022-12-31 | −€220.45B | −€12.62B | — |
| 2021 | 2021-12-31 | −€207.83B | −€57.04B | — |
| 2020 | 2020-12-31 | −€150.79B | −€54.83B | — |
| 2019 | 2019-12-31 | −€95.96B | €17.51B | — |
| 2018 | 2018-12-31 | −€113.47B | −€2.68B | — |
| 2017 | 2017-12-31 | −€110.79B | — | — |
Banco Santander, S.A quarterly net debt
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | €80.50B | −€55.90B | −40.98% |
| Q1 2026 | 2026-03-31 | €57.22B | — | — |
| Q4 2025 | 2025-12-31 | −€150.46B | €39.55B | — |
| Q3 2025 | 2025-09-30 | €35.25B | — | — |
| Q2 2025 | 2025-06-30 | €136.41B | — | — |
| Q4 2024 | 2024-12-31 | −€190.01B | €27.94B | — |
| Q4 2023 | 2023-12-31 | −€217.94B | €2.51B | — |
| Q4 2022 | 2022-12-31 | −€220.45B | −€12.62B | — |
| Q4 2021 | 2021-12-31 | −€207.83B | −€57.04B | — |
| Q4 2020 | 2020-12-31 | −€150.79B | −€54.83B | — |
| Q4 2019 | 2019-12-31 | −€95.96B | €17.51B | — |
| Q4 2018 | 2018-12-31 | −€113.47B | −€2.68B | — |
| Q4 2017 | 2017-12-31 | −€110.79B | — | — |
Banco Santander, S.A net debt trends
Over the last five fiscal years, Banco Santander, S.A's net debt increased from −€150.79B to −€150.46B, a change of €331.0M. The latest reported quarter, Q2 2026, shows €80.50B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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