Also trades as: SAN.MC (BME) · $vol 263M · BNC.L (LSE) · $vol 31M · BCDRF (OTC) · $vol 5M · BSD2.DE (XETRA) · $vol 0M · SANTA.BR (BRU) · $vol 0M · SAN.WA (WSE) · $vol 0M

$12.47

+0.10 (+0.81%)

Weekly Expected Move ±4.0%

$12 $12 $13 $13 $14

NYSE · Financial Services · Banks - Diversified · Tech Score Sell · Power 37 · $182.3B mcap · 14.09B float · 0.079% daily turnover · Short 56% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $2.47B held by 698 funds, 77 bp over Treasuries → details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Income Trends

Revenue

$119.9B -7.7% ▼

5Y CAGR: +14.7%

Gross Profit

$48.0B -6.2% ▼

5Y CAGR: +6.9%

Operating Income

$18.7B -1.8% ▼

Net Income

$14.1B +12.1% ▲

EPS (Diluted)

$0.87 +13.0% ▲

EBITDA

$21.9B -2.1% ▼

5Y CAGR: +97.1%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$61.5B	$87.0B	$121.9B	$129.9B	$119.9B
YoY Growth	+1.6%	+41.5%	+40.0%	+6.6%	-7.7%
Cost of Revenue	$20.5B	$43.7B	$74.9B	$78.7B	$71.9B
Gross Profit	$41.0B	$43.4B	$47.0B	$51.2B	$48.0B
Gross Margin	66.7%	49.8%	38.5%	39.4%	40.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$18.1B	$20.4B	$21.7B	$22.2B	$21.5B
Operating Expenses	$26.5B	$28.1B	$30.5B	$32.2B	$29.3B
Operating Income	$14.5B	$15.2B	$16.5B	$19.0B	$18.7B
Operating Margin	23.7%	17.5%	13.5%	14.6%	15.6%
Interest Expense	$13.1B	$32.8B	$62.0B	$66.1B	$59.4B
Income Before Tax	$14.5B	$15.2B	$16.5B	$19.0B	$18.7B
Tax Expense	$4.9B	$4.5B	$4.3B	$5.3B	$4.7B
Net Income	$8.1B	$9.6B	$11.1B	$12.6B	$14.1B
Net Margin	13.2%	11.0%	9.1%	9.7%	11.8%
EPS (Diluted)	$0.44	$0.54	$0.65	$0.77	$0.87
EBITDA	$17.3B	$18.2B	$19.6B	$22.3B	$21.9B
Shares Outstanding	17.32B	16.90B	16.25B	15.57B	15.93B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$14.9B	$15.8B	$31.6B	$14.3B	$14.2B	$15.0B	$29.7B	$33.5B
Cost of Revenue	$2.9B	$3.1B	$18.6B	$3.4B	$2.8B	$3.2B	$17.4B	$20.1B
Gross Profit	$12.0B	$12.7B	$12.9B	$10.9B	$11.3B	$11.8B	$12.3B	$13.4B
Gross Margin	80.3%	80.3%	40.9%	75.9%	79.9%	78.8%	41.3%	40.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$5.2B	$5.6B	$5.3B	$5.3B	$5.2B	$5.6B	$5.0B	$3.6B
Operating Expenses	$7.1B	$8.1B	$7.7B	$6.5B	$6.7B	$6.9B	$7.2B	$8.6B
Operating Income	$4.9B	$4.6B	$5.2B	$4.4B	$4.7B	$4.9B	$5.0B	$4.8B
Operating Margin	32.9%	29.1%	16.4%	30.8%	32.8%	32.8%	16.9%	14.5%
Interest Expense	$0	$0	$15.5B	$0	$0	$0	$14.2B	$15.6B
Income Before Tax	$4.9B	$4.6B	$5.2B	$4.4B	$4.7B	$4.9B	$5.0B	$4.8B
Tax Expense	$1.3B	$1.0B	$1.4B	$1.0B	$1.2B	$1.2B	$1.2B	$1.2B
Net Income	$3.2B	$3.3B	$3.4B	$3.4B	$3.5B	$3.8B	$5.5B	$3.6B
Net Margin	21.8%	20.6%	10.8%	23.9%	24.7%	25.1%	18.4%	10.7%
EPS (Diluted)	$0.20	$0.20	$0.21	$0.17	$0.22	$0.24	$0.36	$0.24
EBITDA	$5.7B	$5.4B	$6.0B	$5.2B	$5.5B	$5.7B	$5.9B	$4.8B
Shares Outstanding	16.25B	16.32B	16.20B	14.87B	15.93B	15.69B	15.15B	14.68B

SAN NYSE

Income Trends

Profit Margins

Year-over-Year Growth

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