Banco Santander, S.A annual free cash flow
2015
2016
2017
2018
2019
2020
2021
2022
2024
2025
Banco Santander, S.A Free Cash Flow (FCF) History (SAN)
Banco Santander, S.A reported −€20.69B in free cash flow for fiscal 2025, an increase of €11.96B from the previous fiscal year.
View full Banco Santander, S.A company overviewBanco Santander, S.A free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −€20.69B | €11.96B | — | — |
| 2024 | 2024-12-31 | −€32.65B | −€51.29B | — | — |
| 2022 | 2022-12-31 | €18.64B | −€28.04B | −60.07% | — |
| 2021 | 2021-12-31 | €46.68B | −€12.09B | −20.57% | — |
| 2020 | 2020-12-31 | €58.77B | €68.14B | — | — |
| 2019 | 2019-12-31 | −€9.38B | −€2.07B | — | — |
| 2018 | 2018-12-31 | −€7.31B | −€40.05B | — | — |
| 2017 | 2017-12-31 | €32.74B | €17.49B | +114.66% | +44.13% |
| 2016 | 2016-12-31 | €15.25B | €17.24B | — | +20.57% |
| 2015 | 2015-12-31 | −€1.99B | — | — | −2.76% |
Banco Santander, S.A quarterly free cash flow
No reported data
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|
Banco Santander, S.A free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from −€9.38B to −€20.69B, a net decrease of €11.31B.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Banco Santander, S.A filings at SEC.gov ↗