What is the current annual operating margin of SAN?

As of today, SAN annual operating margin is 14.65%

What is 1-year change in SAN annual operating margin?

SAN annual operating margin is up +4.42% year-over-year

What is 3-year change in SAN annual operating margin?

SAN annual operating margin is down -7.10% over the past 3 years

How far is SAN annual operating margin from its all-time high?

SAN annual operating margin is currently -32.18% below its historical high of 21.60% set on December 31, 2021

How does SAN annual operating margin rank versus sector peers?

SAN annual operating margin is higher than 35.69% of companies in Financial Services sector

When is SAN next annual earnings release?

The next annual earnings release for SAN is on February 3, 2027

What is the current quarterly operating margin of SAN?

As of today, SAN quarterly operating margin is 14.96%

What is SAN quarterly operating margin most recent change?

SAN quarterly operating margin was up +3.60% on September 30, 2026

What is 1-year change in SAN quarterly operating margin?

SAN quarterly operating margin is down -1.51% year-over-year

How far is SAN quarterly operating margin from its all-time high?

SAN quarterly operating margin is currently -84.84% below its historical high of 98.69% set on March 31, 2009

How does SAN quarterly operating margin rank versus sector peers?

SAN quarterly operating margin is higher than 30.50% of companies in Financial Services sector

When is SAN next earnings release?

The next earnings release for SAN is on February 3, 2027

SAN Operating Margin History & Chart Since 1980

Annual Operating Margin

14.65%0.62%+4.42%

December 31, 2025

Summary

Current Value: As of today, SAN annual operating margin is 14.65%, up +4.42% on December 31, 2025
Historical Performance: SAN annual operating margin is down -7.10% over the past 3 years, up +12.95% over the past 5 years
All-Time High Comparison: SAN annual operating margin is currently -32.18% below its historical high of 21.60% set on December 31, 2021
3-Year Low Comparison: SAN annual operating margin is +15.99% above its 3-year low of 12.63% reached on December 31, 2023
Sector Comparison: SAN annual operating margin is higher than 35.69% of companies in Financial Services sector

Operating Margin Chart

beforeafter

Performance

SAN Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	14.65%	+4.4%	-7.1%	+12.9%	-12.0%
Quarterly Operating Margin	Sep 30, 26	14.96%	-1.5%	+15.8%	-33.0%	-49.1%
Price	Oct 30, 26	$11.19	+9.3%	+199.2%	+195.3%	+24.2%
PE Ratio	Oct 30, 26	8.99	-17.4%	+51.1%	-4.8%	+8.2%
Annual Revenue	Dec 31, 25	$140.42B	-0.5%	+42.8%	+90.8%	+40.1%
Annual Operating Profit	Dec 31, 25	$20.58B	+0.6%	+32.7%	+115.6%	+23.3%
Annual Gross Margin	Dec 31, 25	0.00%	0.0%	0.0%	0.0%	0.0%
Annual Net Margin	Dec 31, 25	11.22%	+10.1%	-2.4%	+194.0%	-6.9%

Operating Margin Highs

SAN Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	15.77%	N/A	-7.1%
5Y	21.60%	Dec 31, 21	-32.2%
All	21.60%	Dec 31, 21	-32.2%

Operating Margin Lows

SAN Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	12.63%	Dec 31, 23	+16.0%
5Y	12.63%	Dec 31, 23	+16.0%
All	-2.63%	Dec 31, 97	+657.0%

Operating Margin History

Year	Value	Change
2025	14.65%	+4.4%
2024	14.03%	+11.1%
2023	12.63%	-19.9%
2022	15.77%	-27.0%
2021	21.60%	+66.5%
2020	12.97%	-25.3%
2019	17.37%	-3.8%
2018	18.06%	-11.8%
2017	20.47%	+42.4%
2016	14.37%	+3.5%
2015	13.88%	+17.6%
2014	11.80%	+41.5%
2013	8.34%	+63.5%
2012	5.10%	-61.9%
2011	13.40%	-19.5%
2010	16.65%	+35.4%
2009	12.30%	+0.7%
2008	12.22%	-20.7%
2007	15.41%	+6.0%
2006	14.54%	+30.6%
2005	11.13%	-21.3%
2004	14.14%	+62.7%
2003	8.69%	-2.1%

Year	Value	Change
2002	8.88%	+25.1%
2001	7.10%	-17.7%
2000	8.63%	+13.1%
1999	7.63%	-5.1%
1998	8.04%	+405.7%
1997	-2.63%	-148.9%
1996	5.38%	-0.9%
1995	5.43%	-13.5%
1994	6.28%	-37.9%
1993	10.11%	+29.4%
1992	7.81%	-46.9%
1991	14.72%	+23.8%
1990	11.89%	-32.4%
1989	17.58%	+0.9%
1988	17.42%	+15.7%
1987	15.06%	-21.8%
1986	19.26%	+112.6%
1985	9.06%	+22.3%
1984	7.41%	-17.4%
1983	8.97%	-23.3%
1982	11.69%	-11.5%
1981	13.21%	-13.4%
1980	15.26%	-

FAQ

What is the current annual operating margin of SAN?: As of today, SAN annual operating margin is 14.65%
What is 1-year change in SAN annual operating margin?: SAN annual operating margin is up +4.42% year-over-year
What is 3-year change in SAN annual operating margin?: SAN annual operating margin is down -7.10% over the past 3 years
How far is SAN annual operating margin from its all-time high?: SAN annual operating margin is currently -32.18% below its historical high of 21.60% set on December 31, 2021
How does SAN annual operating margin rank versus sector peers?: SAN annual operating margin is higher than 35.69% of companies in Financial Services sector
When is SAN next annual earnings release?: The next annual earnings release for SAN is on February 3, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

14.96%0.52%+3.60%

September 30, 2026

Summary

Current Value: As of today, SAN quarterly operating margin is 14.96%, up +3.60% on September 30, 2026
Historical Performance: SAN quarterly operating margin is down -1.51% year-over-year, up +15.79% over the past 3 years
All-Time High Comparison: SAN quarterly operating margin is currently -84.84% below its historical high of 98.69% set on March 31, 2009
3-Year Low Comparison: SAN quarterly operating margin is +26.67% above its 3-year low of 11.81% reached on December 31, 2023
Sector Comparison: SAN quarterly operating margin is higher than 30.50% of companies in Financial Services sector

Performance

SAN Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	14.96%	+3.6%	-1.5%	+15.8%	-33.0%
Annual Operating Margin	Dec 31, 25	14.65%	–	+4.4%	-7.1%	+12.9%
Price	Oct 30, 26	$11.19	-20.7%	+9.3%	+199.2%	+195.3%
PE Ratio	Oct 30, 26	8.99	-19.1%	-17.4%	+51.1%	-4.8%
Quarterly Revenue	Sep 30, 26	$39.00B	+1.6%	+11.5%	+7.3%	+101.3%
Quarterly Operating Profit	Sep 30, 26	$5.83B	+5.2%	+9.8%	+24.3%	+34.7%
Quarterly Gross Margin	Sep 30, 26	0.00%	0.0%	0.0%	0.0%	0.0%
Quarterly Net Margin	Sep 30, 26	10.73%	-5.2%	-7.3%	+12.8%	-30.9%

Quarterly Operating Margin Highs

SAN Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	15.91%	Dec 31, 25	-6.0%
3Y	28.94%	Jun 30, 25	-48.3%
5Y	28.94%	Jun 30, 25	-48.3%
All	98.69%	Mar 31, 09	-84.8%

Quarterly Operating Margin Lows

SAN Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	14.44%	Jun 30, 26	+3.6%
3Y	11.81%	Dec 31, 23	+26.7%
5Y	11.81%	Dec 31, 23	+26.7%
All	-4.34%	Dec 31, 13	+444.7%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	14.96%	+3.6%
Jun 2026	14.44%	-5.6%
Mar 2026	15.30%	-3.8%
Dec 2025	15.91%	+4.7%
Sep 2025	15.19%	-47.5%
Jun 2025	28.94%	+98.6%
Mar 2025	14.57%	+14.5%
Dec 2024	12.73%	-7.4%
Sep 2024	13.74%	-5.5%
Jun 2024	14.54%	+9.0%
Mar 2024	13.34%	+13.0%
Dec 2023	11.81%	-8.6%
Sep 2023	12.92%	-2.0%
Jun 2023	13.18%	+3.9%
Mar 2023	12.68%	+3.4%
Dec 2022	12.26%	-19.0%
Sep 2022	15.13%	-3.6%
Jun 2022	15.70%	-27.0%
Mar 2022	21.51%	+2.5%
Dec 2021	20.99%	-6.0%
Sep 2021	22.34%	-3.8%
Jun 2021	23.23%	+15.5%
Mar 2021	20.12%	+137.5%
Dec 2020	8.47%	-58.7%
Sep 2020	20.53%	+37.1%
Jun 2020	14.97%	-52.9%
Mar 2020	31.77%	+64.8%
Dec 2019	19.28%	+4.7%
Sep 2019	18.42%	-25.9%
Jun 2019	24.85%	-14.3%
Mar 2019	29.01%	-2.0%
Dec 2018	29.61%	-7.2%
Sep 2018	31.91%	+17.3%
Jun 2018	27.21%	-11.4%
Mar 2018	30.72%	+68.5%
Dec 2017	18.23%	+23.7%
Sep 2017	14.74%	-55.2%
Jun 2017	32.89%	-1.1%
Mar 2017	33.24%	+20.0%
Dec 2016	27.71%	-5.5%
Sep 2016	29.31%	-6.4%
Jun 2016	31.30%	+8.2%
Mar 2016	28.94%	+10.5%
Dec 2015	26.19%	-13.6%
Sep 2015	30.30%	-2.5%
Jun 2015	31.08%	+3.6%
Mar 2015	30.01%	-0.4%
Dec 2014	30.14%	+8.3%
Sep 2014	27.82%	+0.7%

Month	Value	Change
Jun 2014	27.63%	+11.1%
Mar 2014	24.88%	+673.3%
Dec 2013	-4.34%	-119.0%
Sep 2013	22.82%	+9.6%
Jun 2013	20.83%	-4.4%
Mar 2013	21.78%	+1,455.7%
Dec 2011	1.40%	-95.2%
Sep 2011	29.37%	-1.6%
Mar 2011	29.84%	+24.5%
Sep 2010	23.96%	-19.4%
Jun 2010	29.72%	-7.0%
Mar 2010	31.94%	+4.5%
Dec 2009	30.56%	+4.6%
Sep 2009	29.23%	-0.8%
Jun 2009	29.48%	-70.1%
Mar 2009	98.69%	+230.6%
Dec 2008	29.85%	-16.8%
Sep 2008	35.86%	-6.8%
Jun 2008	38.47%	+5.9%
Mar 2008	36.31%	-4.7%
Dec 2007	38.11%	+25.1%
Sep 2007	30.47%	-5.9%
Jun 2007	32.37%	+4.0%
Mar 2007	31.12%	-37.5%
Dec 2006	49.82%	-5.2%
Sep 2006	52.56%	-0.1%
Jun 2006	52.61%	+10.6%
Mar 2006	47.55%	+7.2%
Dec 2005	44.34%	+1.3%
Sep 2005	43.78%	-0.8%
Jun 2005	44.12%	+5.0%
Mar 2005	42.02%	-2.8%
Dec 2004	43.25%	+0.2%
Sep 2004	43.18%	-10.9%
Jun 2004	48.45%	+16.9%
Mar 2004	41.46%	+136.8%
Sep 2003	17.51%	-28.3%
Jun 2003	24.41%	+95.0%
Mar 2003	12.52%	+177.6%
Dec 2002	4.51%	-73.3%
Sep 2002	16.92%	-6.7%
Jun 2002	18.13%	+18.1%
Mar 2002	15.35%	-77.7%
Dec 2001	68.91%	+6.1%
Sep 2001	64.94%	+425.8%
Jun 2001	12.35%	+463.9%
Mar 2001	2.19%	-80.0%
Jun 2000	10.97%	-23.8%
Mar 2000	14.39%	-

FAQ

What is the current quarterly operating margin of SAN?: As of today, SAN quarterly operating margin is 14.96%
What is SAN quarterly operating margin most recent change?: SAN quarterly operating margin was up +3.60% on September 30, 2026
What is 1-year change in SAN quarterly operating margin?: SAN quarterly operating margin is down -1.51% year-over-year
How far is SAN quarterly operating margin from its all-time high?: SAN quarterly operating margin is currently -84.84% below its historical high of 98.69% set on March 31, 2009
How does SAN quarterly operating margin rank versus sector peers?: SAN quarterly operating margin is higher than 30.50% of companies in Financial Services sector
When is SAN next earnings release?: The next earnings release for SAN is on February 3, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

SAN Official Website www.santander.com
SAN Profile on Yahoo Finance finance.yahoo.com/quote/SAN
SAN Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/san