Banco Santander (Brasil) S.A. ADR (BSBR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.2	$0.16	-20.0%	—	$11.7B	—
Q1 26	$0.2	$0.2	0.0%	—	$12B	—
Q4 25	$0.2	$0.21	+5.0%	—	$13.6B	—
Q2 25	$0.17	$0.17	0.0%	—	$8.9B	—
Q1 25	$0.17	$0.18	+5.9%	—	$12B	—
Q4 24	$0.17	$0.18	+5.9%	—	$14.2B	—
Q3 24	$0.16	$0.09	-43.8%	—	$2.4B	—
Q2 24	$0.16	$0.08	-50.0%	—	$10.4B	—
Q1 24	$0.13	$0.08	-38.5%	—	$11.5B	—
Q4 23	$0.15	$0.12	-20.0%	—	$11.4B	—
Q3 23	$0.16	$0.14	-12.5%	—	$10.4B	—
Q2 23	$0.14	$0.13	-7.1%	—	$8.9B	—
Q1 23	$0.09	$0.11	+22.2%	—	$9.3B	—
Q4 22	$0.14	$0.48	+242.9%	—	$11.1B	—
Q3 22	$0.19	$0.05	-73.7%	—	$9.9B	—
Q2 22	$0.21	$0.11	-47.6%	—	$10.4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.63	—	—	$46.7B	—
FY24	—	$1.81	—	—	$48.5B	—
FY23	—	$1.21	—	—	$40B	—
FY22	—	$1.83	—	—	$43.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$36.8B	$37.9B	$38.3B	$46.9B	$32.6B	$48.7B	$43.2B	$40B	$48.5B	$46.7B
YoY change	+104.7%	+2.94%	+1.21%	+22.5%	-30.7%	+49.5%	-11.3%	-7.43%	+21.4%	-3.79%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	36.8B	37.9B	38.3B	46.9B	32.6B	48.7B	43.2B	40B	48.5B	46.7B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	13.6B	14.7B	16.7B	16.8B	15.4B	15.8B	16.8B	18.1B	18.9B	19.4B
Operating expenses	13.6B	14.7B	16.7B	16.8B	15.4B	15.8B	16.8B	18.1B	18.9B	19.4B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	16.4B	14.5B	15.9B	22.3B	9.7B	24.8B	19.6B	11.9B	19.2B	16.7B
Income tax	8.9B	5.4B	3.1B	5.6B	-3.8B	9.2B	5.2B	2.4B	5.8B	3.8B
Net income	7.5B	9.1B	12.8B	16.6B	13.5B	15.6B	14.3B	9.5B	13.4B	13B
Net margin	20.3%	24.1%	33.4%	35.4%	41.3%	32%	33.2%	23.8%	27.6%	27.8%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	0.93	1.13	1.6	2.09	1.71	1.98	1.83	1.21	1.81	1.63
Diluted EPS	0.93	1.13	1.6	2.09	1.71	1.98	1.83	1.21	1.81	1.63

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q4 25	Q1 26	Q2 26
Revenue	8.9B	10.4B	11.4B	11.5B	10.4B	2.4B	14.2B	12B	8.9B	13.6B	12B	11.7B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	4.5B	4.6B	4.5B	4.7B	4.8B	938.8M	4.6B	5B	5B	4.4B	5.1B	5B
Operating expenses	4.5B	4.6B	4.5B	4.7B	4.8B	938.8M	4.6B	5B	5B	4.4B	5.1B	5B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	3.1B	3.5B	2.6B	4.4B	5.3B	1B	4.1B	4.6B	2B	5B	4.7B	3.4B
Income tax	1.5B	716.7M	553.9M	1.4B	1.6B	338.1M	1B	1.5B	-3M	1.1B	1.4B	431.3M
Net income	1.6B	2.8B	2.1B	3.1B	3.6B	711.3M	3.1B	3.2B	2B	3.9B	3.3B	3B
Net margin	18%	26.8%	18.2%	26.6%	35.1%	29.2%	21.7%	26.2%	22.4%	28.9%	27.3%	25.4%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	0.21	0.37	—	0.41	0.48	0.49	—	0.42	0.26	—	0.43	0.39
Diluted EPS	0.21	0.37	—	0.41	0.48	0.49	—	0.42	0.26	—	0.43	0.39

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	198.9B	216B	247.7B	269.6B	191.9B	119.4B	119.3B	145B	—	—	42.8B
Enterprise value	223.4B	188.7B	237.1B	237.2B	73.2B	15.2B	40.9B	35.9B	—	—	32.8B
Shares outstanding	22.4B	22.3B	22.3B	22.2B	22.2B	22.2B	22.1B	22.1B	7.5B	3.8B	3.8B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	26.6	23.6	19.3	16.2	14.3	7.67	8.32	15.3	—	—	16.7
P/S	5.41	5.7	6.46	5.74	5.89	2.45	2.76	3.63	—	—	0.88
P/B	2.35	2.48	2.7	2.77	1.81	1.13	1.08	1.26	—	—	0.43
EV/Sales	6.07	4.98	6.18	5.05	2.25	0.31	0.95	0.9	—	—	3.52
Earnings yield	3.75%	4.23%	5.17%	6.17%	7.01%	13%	12%	6.55%	—	—	5.98%
FCF yield	2.62%	22.4%	2.13%	7.95%	20.9%	3.47%	3.34%	22.9%	—	—	14.5%
PEG	—	—	—	—	—	—	—	—	—	—	-2.35

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	33.2%
Net margin	20.3%	24.1%	33.4%	35.4%	41.3%	32%	33.2%	23.8%	27.6%	27.8%	28.7%
ROE	8.8%	10.5%	14%	17.1%	12.7%	14.7%	13%	8.27%	11.2%	10.2%	11.2%
ROA	—	—	—	—	—	—	—	—	1.08%	1.02%	1.11%
Return on tangible assets	—	—	—	—	—	—	—	—	1.14%	1.08%	0.99%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	1.28	0.91	1.03	0.86	0.66	0.93	1.14	1.25	0.19	0.22	0
Debt / assets	—	—	—	—	—	—	—	—	0.02	0.02	0.02
Effective tax rate	54.4%	37%	19.5%	25.3%	0%	37.1%	26.7%	20.3%	30.1%	22.5%	19.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	1.64	1.7	1.72	2.11	1.47	2.19	1.95	1.81	6.5	12.3	25.8
EPS (basic)	0.93	1.13	1.6	2.09	1.71	1.98	1.83	1.21	1.81	1.63	1.63
EPS (diluted)	0.93	1.13	1.6	2.09	1.71	1.98	1.83	1.21	1.81	1.63	0.34
Book value per share	3.79	3.9	4.12	4.37	4.78	4.77	5	5.19	16.1	33.3	13.1
FCF per share	0.23	2.17	0.24	0.96	1.8	0.19	0.18	1.5	-3.18	0.35	2.9
Cash per share	3.76	4.77	4.71	5.23	8.49	9.13	9.26	11.4	39.8	71.4	91.7
Capex per share	0.04	0.05	0.06	0.09	0.05	0.05	0.04	0.06	0.07	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.26%	2.82%	3.32%	4.04%	3.65%	2.31%	2.26%	3.32%	1.08%	—	—
Capex / operating cash flow	2.08%	1.59%	-30.1%	12%	1.72%	2.83%	-2.41%	4.11%	-3.25%	—	—
Payout ratio	43%	61.9%	47.5%	41.8%	76.4%	63.7%	51.6%	57.4%	41.9%	50.1%	130.7%
Dividend yield	1.61%	2.62%	2.45%	2.58%	5.36%	8.3%	6.2%	3.76%	—	—	7.33%

Yield

7.33%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.105

ex-dividend Jul 30, 2026

Payout ratio

131%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 30, 2026	$0.105
Apr 23, 2026	$0.106
Jul 21, 2025	$0.096

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q4 25	Q1 26	Q2 26
Revenue	$8.9B	$10.4B	$11.4B	$11.5B	$10.4B	$2.4B	$14.2B	$12B	$8.9B	$13.6B	$12B	$11.7B
YoY change	-14.1%	+4.41%	+2.75%	+23.3%	+16.3%	-76.5%	+24.6%	+4.25%	-14.4%	-3.58%	+0.15%	+31.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	84.1B	106.5B	104.9B	116.2B	188.7B	202.8B	205.1B	253B	297B	271.4B
Receivables	0	0	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	9.4B	9.2B	9.4B	12.6B	12.4B	11.6B	11B	7.1B	6B	5B
Goodwill & intangibles	62.9B	60.4B	63.4B	65B	65.3B	61.6B	63.2B	64.8B	65.7B	66.5B
Total assets	—	—	—	—	—	—	—	—	1.2T	1.3T
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	108.6B	79.2B	94.3B	83.9B	70B	98.7B	126.7B	144B	23.1B	28.1B
Total liabilities	—	—	—	—	—	—	—	—	1.1T	1.1T
Shareholders' equity	84.8B	87.1B	91.6B	97.2B	106.1B	106B	110.7B	114.9B	119.8B	126.6B
Total debt	108.6B	79.2B	94.3B	83.9B	70B	98.7B	126.7B	144B	23.1B	28.1B
Net debt	82.3B	58.6B	74.8B	63.8B	-8.9B	-2.9B	-23B	-50B	-181.7B	-173.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	211.3B	275.7B	253B	249.3B	268.4B	64.1B	297B	323.7B	296.1B	271.4B	298.2B	282.7B
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	10.3B	9.2B	7.1B	6.7B	6.5B	1.2B	6B	5.7B	5.7B	5B	5B	5.7B
Goodwill & intangibles	63.8B	64.2B	64.8B	64.8B	65B	12.7B	65.7B	65.6B	65.7B	66.5B	66.3B	66.3B
Total assets	—	—	—	1.1T	1.2T	239.5B	1.2T	1.3T	1.2T	1.3T	1.3T	1.3T
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	146.1B	146.5B	144B	152.1B	150.8B	31.4B	23.1B	23.4B	24.3B	28.1B	29.3B	31.7B
Total liabilities	—	—	—	1T	1.1T	216.4B	1.1T	1.1T	1.1T	1.1T	1.2T	1.2T
Shareholders' equity	113.1B	113.8B	114.9B	115.8B	117.6B	23.1B	119.8B	121.9B	123.3B	126.6B	128.3B	129.1B
Total debt	146.1B	146.5B	144B	152.1B	150.8B	31.4B	23.1B	23.4B	24.3B	28.1B	29.3B	31.7B
Net debt	-12.7B	-76.2B	-50B	-39B	-52.6B	-17.6B	-181.7B	-205.5B	-199.7B	-173.9B	-210.3B	-189B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	7.5B	9.1B	12.8B	16.6B	13.5B	15.6B	14.3B	9.5B	13.4B	13B
Depreciation & amortization	1.5B	1.7B	1.7B	2.4B	2.6B	2.4B	2.6B	2.7B	2.7B	2.6B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	26.8B	57.7B	-15.6B	-1.1B	61.4B	21.8B	-56.2B	27B	-30.2B	-15.5B
Operating cash flow	40B	67.4B	-4.2B	15.8B	69.1B	39.8B	-40.5B	32.4B	-16B	5B
Capital expenditure	-830.9M	-1.1B	-1.3B	-1.9B	-1.2B	-1.1B	-977.6M	-1.3B	-521.6M	—
Investing cash flow	-947.5M	-987.3M	-856M	-1.1B	-539.3M	-876.3M	-1.3B	-1.5B	-746.1M	-378.4M
Dividends paid	-3.2B	-5.7B	-6.1B	-7B	-10.3B	-9.9B	-7.4B	-5.5B	-5.6B	-6.5B
Share repurchases	-90M	-378.8M	-312.3M	-219.7M	-110.2M	—	-506.3M	—	—	—
Financing cash flow	-18.2B	-44.3B	-3.3B	-26.2B	-34.2B	252.8M	13.6B	6.5B	840.3M	5.3B
Net change in cash	20.9B	22.2B	-8.4B	-11.6B	34.4B	39.2B	-28.2B	37.4B	-16B	9.9B
Free cash flow	5.2B	48.4B	5.3B	21.4B	40.1B	4.1B	4B	33.3B	-23.7B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	2.8B	2.1B	3.1B	3.6B	711.3M	3.1B	3.2B	2B	—	3.9B	3.3B	3B
Depreciation & amortization	692.9M	673.6M	681.8M	668.7M	134.3M	691.5M	703.3M	621.3M	—	649.4M	663.3M	659.8M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	68.1B	16.9B	-54.4B	39.8B	6.4B	-48.3B	24.6B	-16.4B	—	-18.4B	36.3B	10B
Operating cash flow	70.1B	17.6B	-52B	43.5B	7.4B	-45.3B	32.7B	-11.1B	—	-19.8B	39.6B	17.7B
Capital expenditure	-76.9M	-835.2M	-39.6M	-156.6M	-16.3M	-241.6M	—	—	—	—	—	—
Investing cash flow	-146.1M	-1.1B	172K	-304.8M	-30.8M	-283.2M	-75.3M	-92.3M	—	-13.7M	-63.3M	84.3M
Dividends paid	-1.3B	-1.4B	-1.6B	-1.3B	-251.1M	-1.5B	-1.5B	-2.4B	—	1.1B	-2.2B	-1.6B
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-23.9B	-20B	-909.5M	-4.4B	1.4B	-976.5M	2.6B	-5.6B	-44.1B	6.5B	1.1B	125.9B
Net change in cash	46.1B	-3.4B	-52.9B	38.8B	8.7B	-46.6B	35.2B	-16.7B	-44.1B	-13.3B	40.6B	143.7B
Free cash flow	59.5B	-13.4B	-22B	13.3B	5.4B	-42.9B	32.2B	-12B	—	-21.3B	38.9B	16.1B

Banco Santander (Brasil) S.A. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement