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Financial statementsBANCO BILBAO VIZCAYA ARGENTARIA, S.A. financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BANCO BILBAO VIZCAYA ARGENTARIA, S.A. files with the SEC in its annual reports.
In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2017 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | 24,653 | 25,270 | 20,936 | 21,522 | 20,166 | 21,066 | 24,743 | 29,542 | 35,481 | 36,931 |
| General and administrative | -4,644 | 4,541 | -3,816 | 8,769 | 7,799 | 8,296 | 9,373 | 10,905 | 12,660 | 12,811 |
| Operating income | 6,874 | 7,222 | 6,807 | 7,202 | 5,153 | 7,484 | 10,372 | 12,432 | 15,345 | 16,153 |
| Interest expense | 1 | 1 | 2 | |||||||
| Interest income | 26 | 26 | 55 | |||||||
| Pre-tax income | 6,392 | 6,931 | 7,565 | 7,046 | 5,248 | 7,247 | 10,268 | 12,419 | 15,405 | 16,227 |
| Income tax | -1,699 | -2,174 | -2,042 | 1,943 | 1,459 | 1,909 | 3,505 | 4,003 | 4,830 | 5,100 |
| Income from continuing operations | 4,693 | 4,757 | 5,523 | 5,103 | 3,789 | 5,338 | 6,763 | 8,416 | 10,575 | 11,126 |
| Net income to minority interests | 3,475 | 3,514 | 5,400 | 833 | 756 | -965 | -405 | -397 | -521 | -615 |
| Net income | 3,475 | 3,514 | 5,400 | 3,512 | 1,305 | 4,653 | 6,358 | 8,019 | 10,054 | 10,511 |
| EBITDA | 5,448 | 5,835 | 5,773 | 8,588 | 6,441 | 8,718 | 11,700 | 13,835 | 16,878 | 17,674 |
| EPS, basic | 0.47 | 0.46 | 0.75 | 0.47 | 0.14 | 0.67 | 0.98 | 1.29 | 1.68 | 1.76 |
| EPS, diluted | 0.47 | 0.46 | 0.75 | 0.47 | 0.14 | 0.67 | 0.98 | 1.29 | 1.68 | 1.76 |
Balance sheet
| FY2017 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 40,039 | 42,680 | 58,196 | 44,303 | 76,888 | 67,799 | 79,756 | 75,416 | 51,145 | 58,837 |
| Inventory | 3,298 | 229 | 635 | 581 | 572 | |||||
| Property, plant and equipment | 8,250 | 6,996 | 7,066 | 9,816 | 7,601 | 7,107 | 8,441 | 9,046 | 9,506 | 9,247 |
| Goodwill | 6,937 | 6,062 | 6,180 | 4,955 | 910 | 818 | 707 | 795 | 700 | 715 |
| Intangible assets | 2,849 | 2,402 | 2,134 | 2,010 | 1,435 | 1,379 | 1,449 | 1,568 | 1,790 | 2,140 |
| Total assets | 731,856 | 690,059 | 675,675 | 695,471 | 733,797 | 662,885 | 712,092 | 775,558 | 772,402 | 859,576 |
| Total liabilities | 676,428 | 636,736 | 622,801 | 640,546 | 683,777 | 614,125 | 661,575 | 720,293 | 712,388 | 797,778 |
| Paid-in capital | 23,992 | 23,992 | 23,992 | 23,992 | 23,992 | 23,599 | 20,856 | 19,769 | 19,184 | 18,469 |
| Retained earnings | 21,844 | 23,746 | 26,063 | 29,388 | 30,508 | 31,841 | 32,711 | 36,237 | 40,693 | 46,346 |
| Minority interests | 8,064 | 6,979 | 5,764 | 6,201 | 5,471 | 4,853 | 3,623 | 3,564 | 4,359 | 4,441 |
| Total equity | 55,428 | 53,323 | 52,874 | 54,925 | 50,020 | 48,748 | 50,517 | 55,265 | 60,014 | 61,798 |
| Total liabilities and equity | 731,856 | 690,059 | 675,675 | 695,471 | 733,797 | 662,885 | 712,092 | 775,558 | 772,402 | 859,576 |
Cash flow statement
| FY2017 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 4,693 | 4,757 | 6,227 | 4,345 | 2,060 | 5,618 | 6,763 | 8,416 | 10,575 | 11,126 |
| Depreciation and amortization | -1,426 | -1,387 | -1,034 | 1,386 | 1,288 | 1,234 | 1,328 | 1,403 | 1,533 | 1,521 |
| Cash from operations | 6,623 | 1,722 | 13,436 | -10,654 | 39,349 | -1,242 | 23,718 | -721 | -18,190 | 14,968 |
| Capital expenditures | -852 | -632 | -396 | -1,812 | -1,129 | -1,195 | -827 | |||
| Cash from investing | -560 | 2,902 | 7,516 | 97 | -37 | -1,634 | -3,911 | |||
| Stock issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Dividends paid | 1,599 | 1,698 | 2,107 | -2,147 | -1,065 | -926 | -2,185 | -2,808 | -3,913 | -4,196 |
| Cash from financing | -1,113 | -98 | -5,092 | -2,703 | -2,069 | -4,349 | -7,563 | |||
| Exchange rate effect | -3,463 | -4,266 | -344 | -634 | -4,658 | -1,864 | -288 | -357 | -2,091 | -2,201 |
| Net change in cash | 1,489 | 261 | 15,516 | -13,892 | 32,585 | 11,957 | -4,339 | -24,271 | 7,692 | |
| Free cash flow | -11,506 | 38,717 | -1,638 | 21,906 | -1,850 | -19,385 | 14,141 | |||
| Income taxes paid | -1,699 | -2,423 | -2,789 | 1,602 | 1,955 | 1,546 | 3,234 | 5,353 | 5,631 | 3,328 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Effective tax rate | 31.4% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on assets (ROA) | 1.3% | Net income / average total assets. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Gross profit growth, 1y | 4.1% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | 14.3% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | 12.9% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating income growth, 1y | 5.3% | Operating income vs the same period a year earlier. Only from a positive base. |
| Operating income CAGR, 3y | 15.9% | Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating income CAGR, 5y | 25.7% | Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EBITDA growth, 1y | 4.7% | EBITDA vs the same period a year earlier. Only from a positive base. |
| EBITDA CAGR, 3y | 14.7% | Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EBITDA CAGR, 5y | 22.4% | Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | 4.5% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | 18.2% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 51.8% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 4.8% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | 21.6% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 65.9% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 3y | -14.2% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | -17.6% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow CAGR, 3y | -13.6% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | -18.2% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | 11.3% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 6.5% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 3.2% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Liabilities / assets | 92.8% | Total liabilities / total assets. |
| Goodwill and intangibles / assets | 0.3% | (Goodwill + intangible assets) / total assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| FCF conversion | 134.5% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 5.5% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | €1.76 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| EPS, basic | €1.76 | Net income per basic share, as reported (split-adjusted). |
| Payout ratio | 39.9% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 29.7% | Dividends paid / free cash flow, when free cash flow is positive. |
Was BANCO BILBAO VIZCAYA ARGENTARIA, S.A. profitable in fiscal 2025?
Yes. Net income was €10.51B, a net margin of -.
How much free cash flow did BANCO BILBAO VIZCAYA ARGENTARIA, S.A. generate in fiscal 2025?
Cash from operations of €14.97B minus capital expenditures of €827.0M left free cash flow of €14.14B.