Financials BBVA

Stocks

BBVA

ES0113211835

Banks

Real-time Estimate Tradegate Other stock markets 14:37:42 16/07/2026 +04			5-day change	1st Jan Change
22.36 ^EUR	+0.70%		+0.95%	+11.47%

11:10am	The IBEX 35, for now, sidesteps the tech storm and opens with slight gains	RE
07-15	European Equities Traded in the US as American Depositary Receipts Advance Wednesday	MT

Projected Income Statement: BBVA

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	21,066	24,890	29,542	35,481	36,931	41,781	43,613	45,669
Change	-	18.15%	18.69%	20.1%	4.09%	13.13%	4.39%	4.71%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	11,536	14,130	17,233	21,288	22,599	25,680	27,183	28,999
Change	-	22.49%	21.96%	23.53%	6.16%	13.63%	5.85%	6.68%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	8,240	10,490	12,419	15,405	16,227	17,893	19,351	20,795
Change	-	27.31%	18.39%	24.04%	5.34%	10.27%	8.15%	7.47%
Net income ¹	4,653	6,420	8,019	10,054	10,114	11,255	12,099	12,926
Change	-	37.98%	24.91%	25.38%	0.6%	11.28%	7.5%	6.83%
Announcement Date	03/02/22	01/02/23	30/01/24	30/01/25	05/02/26	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	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	2026 Q4	2027 Q1
Net sales ¹	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	9,795	10,652	10,364	10,189	10,302	10,827
Change	-	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%	7.61%	8.75%	-2.7%	-1.69%	1.11%	5.09%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	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	5,823	6,604	6,482	6,374	6,224	6,676
Change	-	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%	5.34%	13.41%	-1.84%	-1.67%	-2.35%	7.25%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	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	3,934	4,722	4,591	-	-	-
Change	-	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%	1.71%	20.03%	-2.77%	-	-	-
Net income ¹	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	2,435	2,989	2,950	2,973	2,865	-
Change	-	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%	-3.79%	22.75%	-1.3%	0.77%	-3.62%	-
Announcement Date	30/07/21	29/10/21	03/02/22	29/04/22	29/07/22	28/10/22	01/02/23	27/04/23	28/07/23	31/10/23	30/01/24	29/04/24	31/07/24	31/10/24	30/01/25	29/04/25	31/07/25	30/10/25	05/02/26	30/04/26	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2022 S1	2023 S1	2024 S1	2026 S1
Net sales ¹	11,509	14,148	17,446	21,201
Change	-	22.93%	23.31%	21.52%
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT ¹	6,456	8,209	10,586	13,168
Change	-	27.15%	28.96%	24.39%
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT) ¹	4,921	6,122	7,780	9,368
Change	-	24.41%	27.08%	20.41%
Net income	3,001	3,878	4,994	-
Change	-	29.22%	28.78%	-
Announcement Date	29/07/22	28/07/23	31/07/24	-

¹EUR in Million

Estimates

Forecast Balance Sheet: BBVA

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	03/02/22	01/02/23	30/01/24	30/01/25	05/02/26	-	-	-

Estimates

Cash Flow Forecast: BBVA

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	632	396	1,812	1,129	1,195	827
Change	-	-37.34%	357.58%	-37.69%	5.85%	-30.79%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	12/02/21	15/02/22	14/02/23	12/02/24	21/02/25	13/02/26

¹EUR in Million

Estimates

Forecast Financial Ratios: BBVA

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	54.76%	56.77%	58.33%	60%	61.19%	61.46%	62.33%	63.5%
EBT Margin (%)	-	39.12%	42.15%	42.04%	43.42%	43.94%	42.83%	44.37%	45.53%
Net margin (%)	-	22.09%	25.79%	27.14%	28.34%	27.39%	26.94%	27.74%	28.3%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.83%	1%	1.12%	1.36%	1.36%	1.26%	1.3%	1.38%
ROE	-	10.4%	14.1%	16.2%	18.9%	18.4%	19.72%	20.99%	21.47%
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	-	0.31	0.43	0.55	0.7	0.73	0.9972	1.105	1.217
Change	-	-	38.71%	27.91%	27.27%	4.29%	36.61%	10.79%	10.13%
Book Value Per Share ¹	-	6.86	8.007	8.86	9.67	10.19	10.55	11.37	12.27
Change	-	-	16.73%	10.65%	9.14%	5.38%	3.5%	7.8%	7.96%
EPS ¹	-	0.67	0.99	1.29	1.68	1.76	2.012	2.238	2.47
Change	-	-	47.76%	30.3%	30.23%	4.76%	14.33%	11.2%	10.4%
Nbr of stocks (in thousands)	-	6,651,887	5,935,449	5,832,455	5,763,285	5,693,635	5,546,001	5,546,001	5,546,001
Announcement Date	-	03/02/22	01/02/23	30/01/24	30/01/25	05/02/26	-	-	-