BBVA reported a 3.7% year‑over‑year decline in Q3 2025 net profit to €2.53 billion, slightly below analysts’ consensus of €2.54 billion.
The decline followed a €2.63 billion net profit in Q3 2024, marking a 3.7% drop from the prior year’s figure.
Net interest income rose 18.3% to €6.64 billion and net fees and commissions increased 15.3%, reflecting robust core revenue growth.
Currency depreciation in emerging markets, notably the Mexican peso and the Turkish lira, reduced earnings by €0.15 billion, while higher lending income contributed €0.20 billion.
Segment performance showed Spain’s net attributable profit falling 7.2% to €994 million; Mexico grew 1.0% to €1,296 million; Turkey posted a 187.7% increase to €1,200 million; South America contributed €800 million.
Management noted that the bank remains on track to meet its capital targets, with a CET1 ratio of 13.42% and a non‑performing loan ratio of 2.8%. The bank also announced a €1 billion share buyback program and a record interim dividend of 32 cents per share.
BBVA’s strategic focus continues on digital finance, including managing Binance client assets in U.S. Treasuries, and it recently concluded a failed hostile takeover bid for Sabadell, a move that may influence future strategic decisions.
The results were in line with market expectations for net profit but missed revenue forecasts, with total revenue of €6.64 billion versus an expected €10.33 billion, reflecting a 35.7% shortfall.
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