Santander Group posted net attributable profit of approximately €12.6 billion ($13.7 billion) in fiscal year 2024, a record for the bank and up 14% year over year. Strong performance in Brazil and Spain drove the result, with rising net interest margins across its core retail and commercial banking markets.
Earnings of Santander Group
Annual Earnings Of Santander Group
| Year |
Net Profit (USD equiv.) |
YoY Change |
| 2015 | $6.6B | — |
| 2016 | $6.6B | Flat |
| 2017 | $7.5B | +13.6% |
| 2018 | $8.1B | +8.0% |
| 2019 | $9.6B | +18.5% |
| 2020 | −$10.5B | Loss (goodwill writedown) |
| 2021 | $9.4B | Recovery |
| 2022 | $10.0B | +6.4% |
| 2023 | $12.0B | +20.0% |
| 2024 | $13.7B | +14.2% |
Santander Group P/E Ratio
| Year |
P/E Ratio |
YoY Change |
| 2015 | 12.4x | — |
| 2016 | 11.8x | −4.8% |
| 2017 | 13.6x | +15.3% |
| 2018 | 8.6x | −36.8% |
| 2019 | 8.4x | −2.3% |
| 2020 | N/M | Net loss year |
| 2021 | 7.2x | Recovered |
| 2022 | 5.8x | −19.4% |
| 2023 | 5.9x | +1.7% |
| 2024 | 5.9x | Flat |
