Logo

BBVA

Banco Bilbao Vizcaya Argentaria, S.A.

BBVA

Banco Bilbao Vizcaya Argentaria, S.A. • NYSE
$21.55 ▲ 0.23% (+0.05)
Market Cap $129.87 B
52w High $22.09
52w Low $9.28
Dividend Yield 0.76%
P/E 10.67
Volume 420.78K
Outstanding Shares 6.03B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $8.71B ▼ $3.257B ▼ $2.749B ▲ 31.561% ▲ $0.46 ▲ $4.446B ▼
Q1-2025 $18.286B ▲ $4.259B ▲ $2.698B ▲ 14.754% ▼ $0.45 ▲ $4.726B ▲
Q4-2024 $8.205B ▲ $4.095B ▲ $2.433B ▼ 29.653% ▼ $0.4 ▼ $4.167B ▼
Q3-2024 $7.504B ▼ $3.41B ▲ $2.627B ▼ 35.008% ▲ $0.44 ▼ $4.233B ▼
Q2-2024 $8.195B $-5.794B $2.794B 34.094% $0.48 $4.706B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $125.115B ▼ $813.063B ▲ $751.255B ▲ $57.644B ▲
Q2-2025 $131.274B ▼ $776.974B ▲ $716.087B ▲ $56.828B ▲
Q1-2025 $151.199B ▼ $772.863B ▲ $713.597B ▲ $55.079B ▼
Q4-2024 $199.574B ▼ $772.402B ▲ $712.389B ▼ $55.655B ▲
Q3-2024 $277.715B $769.341B $712.569B $52.889B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $2.749B ▼ $-6.365B ▼ $-272M ▲ $-2.65B ▼ $-10.389B ▼ $-6.483B ▼
Q1-2025 $2.882B ▲ $157M ▲ $-274M ▼ $491M ▲ $-739M ▲ $-151M ▲
Q4-2024 $2.432B ▼ $-6.7B ▼ $-257M ▲ $-1.131B ▼ $-7.443B ▼ $-7.05B ▼
Q3-2024 $2.627B ▼ $15.608B ▲ $-438M ▼ $587M ▲ $13.533B ▲ $15.322B ▲
Q2-2024 $2.794B $-26.905B $-354M $-3.162B $-31.469B $-27.183B

Five-Year Company Overview

Income Statement

Income Statement BBVA’s income statement shows a bank that has rebuilt and then clearly strengthened its earnings power after the pandemic. Revenue has recovered and moved well above earlier levels, while operating and net profit have expanded even faster, indicating better efficiency and pricing discipline. Profit per share has climbed steadily, helped both by higher earnings and, likely, active capital management. The risk to watch is that much of this improvement is tied to a favorable interest-rate and credit environment; if those turn, the move up in profitability could moderate. Still, the trend over the past few years is of a more profitable, more resilient bank than it was earlier in the decade.

Balance Sheet

Balance Sheet The balance sheet looks solid and gradually stronger. Total assets have been broadly stable, suggesting BBVA is prioritizing profitability and quality over sheer size. Shareholders’ equity has been edging up year after year, a sign that profits are being retained and the capital base is being reinforced. Debt funding rose at one point and then eased back more recently, which may reflect tactical funding and capital markets decisions rather than structural stress. Cash balances have fluctuated, with a recent reduction, but this is common in banks as they adjust liquidity to regulation and market conditions. Overall, the picture is of a well-capitalized, conservatively managed balance sheet with no obvious signs of overexpansion.

Cash Flow

Cash Flow Cash flow is more volatile than earnings, which is typical for a bank but still worth noting. Operating cash flow swung from very strong positive to clearly negative in some recent years, with free cash flow following the same pattern. For a lender, negative operating cash flow can be associated with growing loan books and shifts in customer deposits rather than underlying weakness, but it does mean reported profits and cash do not always move in step. Capital spending is modest and stable, implying that most investment is in technology and people rather than heavy physical assets. The key watchpoint is how these cash movements evolve through the interest-rate cycle and whether growth in the loan portfolio is being matched by sound credit quality and funding.

Competitive Edge

Competitive Edge BBVA occupies a strong competitive position as a diversified, digitally advanced bank with deep roots in Spain and important exposure to higher-growth markets like Mexico and parts of Latin America, plus newer digital-only plays in Europe. This mix gives it multiple earnings engines and reduces dependence on any single country, though it also introduces exposure to emerging-market and currency risks. Its early and heavy investment in digital banking has created a clear service gap versus slower-moving peers, often translating into better customer acquisition, lower cost per client, and high customer satisfaction. Its focus on sustainable finance further enhances its brand and opens up new fee and lending opportunities. The main competitive risks lie in regulatory changes, local political and macroeconomic shocks in key markets, and intensifying digital competition from both banks and fintechs.

Innovation and R&D

Innovation and R&D Innovation is a central part of BBVA’s identity. The bank has spent more than a decade building a scalable, global digital platform and a mobile app that can handle almost the full range of banking needs, making it a daily-use tool for many customers. It embeds artificial intelligence and data analytics in areas like personal financial guidance, credit decisions, and risk management, and it experiments with technologies such as blockchain for complex transactions and cross-border payments. Open banking APIs and partnerships with fintech firms extend BBVA’s reach into new services and markets, while fully digital banks in some European countries show it can launch lean, tech-first models. On top of that, a strong push into sustainable and cleantech finance positions it well for the shift toward a greener economy. The main question is not whether BBVA innovates, but how effectively it can maintain its lead as competitors accelerate their own digital and ESG strategies.

Summary

Taken together, BBVA looks like a bank that has emerged from the pandemic period with stronger earnings, a healthier capital base, and a clear strategic edge in digital and sustainable banking. Profitability has improved meaningfully, the balance sheet appears solid and gradually reinforcing, and the bank has diversified sources of income across geographies and business lines. Cash flows are choppy, which is not unusual for a large lender, but they underscore the importance of looking beyond headline profit figures. BBVA’s long-standing commitment to technology, data, and open banking, combined with its sustainability focus, gives it a differentiated position in Europe and key emerging markets. The main uncertainties revolve around the interest-rate cycle, credit quality in its growth markets, and how well it can defend its digital advantages as the rest of the industry catches up.

NEWS

November 25, 2025 · 5:07 PM UTC

BBVA Argentina Announces Third Quarter 2025 Financial Results

Read more

November 11, 2025 · 4:30 PM UTC

BBVA Argentina announces Third Quarter 2025 Financial Results Schedule

Read more

November 10, 2025 · 3:29 PM UTC

CORRECTING and REPLACING Addi Secures a $71M Credit Upsize from Goldman Sachs, Fasanara Capital, and BBVA Spark, Reinforcing Global Confidence and Accelerating its Growth

Read more

November 10, 2025 · 8:00 AM UTC

Addi Secures a $71M Credit Upsize from Goldman Sachs, Fasanara Capital, and BBVA Spark, Reinforcing Global Confidence and Accelerating Its Growth

Read more

September 19, 2025 · 5:30 PM UTC

$HAREHOLDER ALERT: The M&A Class Action Firm Is Investigating the Merger – GTLS, BBVA, VMEO, and TGNA

Read more