Financials BBVA

Equities

Real-time Estimate Tradegate Other stock markets 06:16:29 2025-12-16 am EST			5-day change	1st Jan Change
19.53 ^EUR	-0.16%		+2.98%	+106.31%

11:18pm	Moody's Upgrades BBVA on Expected Protection from Potential Loss	MT
Dec. 15	European Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	22,974	21,066	24,890	29,542	35,481	36,604	38,388	40,092
Change	-	-8.31%	18.15%	18.69%	20.1%	3.16%	4.87%	4.44%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	12,219	11,536	14,130	17,233	21,288	22,318	23,575	24,994
Change	-	-5.59%	22.49%	21.96%	23.53%	4.84%	5.63%	6.02%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	5,225	8,240	10,490	12,419	15,405	16,164	16,866	17,997
Change	-	57.7%	27.31%	18.39%	24.04%	4.92%	4.34%	6.71%
Net income ¹	1,305	4,653	6,420	8,019	10,054	10,266	10,702	11,513
Change	-	256.55%	37.98%	24.91%	25.38%	2.11%	4.25%	7.58%
Announcement Date	1/29/21	2/3/22	2/1/23	1/30/24	1/30/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	5,266	5,155	5,104	5,330	5,477	5,939	6,094	6,857	6,524	6,958	7,189	7,956	7,438	8,218	9,227	8,716	9,320	9,324	8,710	9,102	9,224	9,541	9,567	9,462
Change	-	-2.11%	-0.99%	4.43%	2.76%	8.44%	2.61%	12.52%	-4.86%	6.65%	3.32%	10.67%	-6.51%	10.49%	12.28%	-5.54%	6.93%	0.04%	-6.59%	4.5%	1.34%	3.44%	0.27%	-1.1%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	2,593	2,850	2,810	2,953	2,923	3,525	3,464	4,038	3,636	3,942	4,267	4,654	4,370	4,835	5,751	5,386	5,316	5,762	5,485	5,528	5,523	6,122	6,441	6,096
Change	-	9.91%	-1.4%	5.09%	-1.02%	20.6%	-1.73%	16.57%	-9.96%	8.42%	8.24%	9.07%	-6.1%	10.64%	18.95%	-6.35%	-1.3%	8.39%	-4.81%	0.78%	-0.09%	10.85%	5.2%	-5.35%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	1,532	1,759	2,124	2,299	2,058	2,766	2,694	2,988	2,581	2,944	3,178	3,365	2,932	3,458	4,322	3,867	3,759	4,348	4,076	3,868	-	-	-	-
Change	-	14.82%	20.75%	8.24%	-10.48%	34.4%	-2.6%	10.91%	-13.62%	14.06%	7.95%	5.88%	-12.87%	17.94%	24.99%	-10.53%	-2.79%	15.67%	-6.26%	-5.1%	-	-	-	-
Net income ¹	1,320	1,210	701	1,400	1,341	1,651	1,675	1,841	1,578	1,846	2,032	2,083	2,058	2,200	2,794	2,627	2,433	2,698	2,749	2,531	2,586	-	-	-
Change	-	-8.33%	-42.07%	99.71%	-4.21%	23.12%	1.45%	9.91%	-14.29%	16.98%	10.08%	2.51%	-1.2%	6.9%	27%	-5.98%	-7.38%	10.89%	1.89%	-7.93%	2.17%	-	-	-
Announcement Date	1/29/21	4/30/21	7/30/21	10/29/21	2/3/22	4/29/22	7/29/22	10/28/22	2/1/23	4/27/23	7/28/23	10/31/23	1/30/24	4/29/24	7/31/24	10/31/24	1/30/25	4/29/25	7/31/25	10/30/25	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2024 S1
Net sales ¹	10,259	11,509	14,148	17,446
Change	-	12.18%	22.93%	23.31%
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT ¹	5,661	6,456	8,209	10,586
Change	-	14.04%	27.15%	28.96%
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT) ¹	-	4,921	6,122	7,780
Change	-	-	24.41%	27.08%
Net income ¹	1,911	3,001	3,878	4,994
Change	-	57.04%	29.22%	28.78%
Announcement Date	7/30/21	7/29/22	7/28/23	7/31/24

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	1/29/21	2/3/22	2/1/23	1/30/24	1/30/25	-	-	-

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	852	632	396	1,812	1,129	1,195
Change	-	-25.82%	-37.34%	357.58%	-37.69%	5.85%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	2/12/20	2/12/21	2/15/22	2/14/23	2/12/24	2/21/25

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	53.19%	54.76%	56.77%	58.33%	60%	60.97%	61.41%	62.34%
EBT Margin (%)	-	22.74%	39.12%	42.15%	42.04%	43.42%	44.16%	43.93%	44.89%
Net margin (%)	-	5.68%	22.09%	25.79%	27.14%	28.34%	28.05%	27.88%	28.72%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.53%	0.83%	1%	1.12%	1.36%	1.27%	1.22%	1.27%
ROE	-	6.9%	10.4%	14.1%	16.2%	18.9%	18.18%	18.69%	19.52%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.059	0.31	0.43	0.55	0.7	0.8445	0.9365	1.033
Change	-	-	425.42%	38.71%	27.91%	27.27%	20.64%	10.9%	10.29%
Book Value Per Share ¹	-	6.7	6.86	8.007	8.86	9.67	10.31	10.97	11.74
Change	-	-	2.39%	16.73%	10.65%	9.14%	6.65%	6.33%	7.02%
EPS ¹	-	0.14	0.67	0.99	1.29	1.68	1.759	1.921	2.13
Change	-	-	378.57%	47.76%	30.3%	30.23%	4.71%	9.19%	10.89%
Nbr of stocks (in thousands)	-	6,637,887	6,651,887	5,935,449	5,832,455	5,763,285	5,755,285	5,755,285	5,755,285
Announcement Date	-	1/29/21	2/3/22	2/1/23	1/30/24	1/30/25	-	-	-