BBVA on NYSE

Banco Bilbao Vizcaya Argentaria

Logo: Banco Bilbao Vizcaya Argentaria, S.A., Public domain, via Wikimedia Commons⁵

Spanish multinational financial services company

Banco Bilbao Vizcaya Argentaria, S.A. (Spanish: ), better known by its initialism BBVA, is a Spanish multinational financial services company headquartered in Bilbao, with operative offices in Madrid. As one of the largest financial institutions globally, BBVA's core markets are primarily concentrated in Spain, Mexico, South America, and Turkey. The bank was founded as Banco de Bilbao, on 28 May 1857, in Bilbao.³ It employed about 127,200 people.¹ Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

11.1BNet income, fiscal 2025⁶

1999Founded¹

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TickerBBVA on NYSE¹
Industryfinancial sector, financial services¹
HeadquartersCiudad BBVA¹
Founded inBilbao¹
Websitewww.bbva.com
Legal formsociedad anónima¹
Listed onBolsa de Valores de Asunción (BBV), Madrid Stock Exchange (BBVA), New York Stock Exchange (BBVA)¹
Business addressCalle Azul 4, Madrid, U3 28050⁷
Filer categoryLarge accelerated filer⁷
LEIK8MS7FD7N5Z2WQ51AZ71⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressPLAZA DE SAN NICOLÁS, 4, 48005 Bilbao, Spain⁴
Registered withTax Agency, A48265169⁴

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Banco Bilbao Vizcaya Argentaria, S.A. (Spanish: [ˈbaŋko βilˈβao βiθˈkaʝa aɾxenˈtaɾja]), better known by its initialism BBVA, is a Spanish multinational financial services company headquartered in Bilbao, with operative offices in Madrid. As one of the largest financial institutions globally, BBVA's core markets are primarily concentrated in Spain, Mexico, South America, and Turkey.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

18.0%Return on equity⁶

$14.1BFree cash flow⁶

Financial statements

Gross profit¹⁰¹¹¹²¹³¹⁴⁶$36.9B in 2025+76% since 2018

Operating income¹⁰¹¹¹²¹³¹⁴⁶$16.2B in 2025+137% since 2018

Net income¹⁰¹¹¹²¹³¹⁴⁶$11.1B in 2025+79% since 2018

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Interest income	58.3B EUR	61.7B EUR	47.9B EUR
Interest revenue calculated using effective interest method	52.8B EUR	55.2B EUR	42.1B EUR
Other interest income	5.5B EUR	6.4B EUR	5.7B EUR
Interest expense	-32.1B EUR	-36.4B EUR	-24.8B EUR
Interest income (expense)	26.3B EUR	25.3B EUR	23.1B EUR
Dividend income	123.0M EUR	120.0M EUR	118.0M EUR
Share of profit (loss) of associates and joint ventures accounted for using equity method	62.0M EUR	40.0M EUR	26.0M EUR
Fee and commission income	13.7B EUR	13.0B EUR	9.9B EUR
Fee and commission expense	-5.5B EUR	-5.0B EUR	-3.6B EUR
Gains or losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss net	423.0M EUR	327.0M EUR	76.0M EUR
Gains Losses On Derecognition Of Financial Assets At Amortized Cost	24.0M EUR	20.0M EUR	41.0M EUR
Gains Losses On Derecognition Of Other Financial Assets And Liabilities	398.0M EUR	307.0M EUR	35.0M EUR
Gains or losses on financial assets and liabilities held for trading net	2.3B EUR	2.5B EUR	1.4B EUR
Reclassification Of Financial Assets From Fair Value Through Other Comprehensive Income To Held For Trading	0 EUR	0 EUR	0 EUR
Reclassification Of Financial Assets From Amortized Cost To Held For Trading	0 EUR	0 EUR	0 EUR
Reclassification Of Other Gains Losses To Held For Trading	2.3B EUR	2.5B EUR	1.4B EUR
Gains (losses) on financial assets at fair value through profit or loss, mandatorily measured at fair value	236.0M EUR	179.0M EUR	337.0M EUR
Reclassification Of Financial Assets From Fair Value Through Other Comprehensive Income To Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss	0 EUR	0 EUR	0 EUR
Reclassification Of Financial Assets From Amortized Cost To Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss	0 EUR	0 EUR	0 EUR
Reclassification Of Other Gains Losses To Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss	236.0M EUR	179.0M EUR	337.0M EUR
Gains or losses on financial assets and liabilities designated at fair value through profit or loss net	28.0M EUR	249.0M EUR	96.0M EUR
Gain (loss) on hedge ineffectiveness recognised in profit or loss	-1.0M EUR	5.0M EUR	-17.0M EUR
Foreign exchange gain (loss)	-285.0M EUR	695.0M EUR	339.0M EUR
Miscellaneous other operating income	688.0M EUR	623.0M EUR	619.0M EUR
Miscellaneous other operating expense	-2.6B EUR	-4.0B EUR	-4.0B EUR
Income from assets covered by insurance and reinsurance contracts	3.9B EUR	3.7B EUR	3.1B EUR
Expense from liabilities covered by insurance and reinsurance contracts	-2.4B EUR	-2.2B EUR	-1.8B EUR
Gross profit	36.9B EUR	35.5B EUR	29.5B EUR
Administrative expenses	-12.8B EUR	-12.7B EUR	-10.9B EUR
Employee benefits expense	-7.8B EUR	-7.7B EUR	-6.5B EUR
Other expense	-5.0B EUR	-5.0B EUR	-4.4B EUR
Depreciation and amortisation expense	-1.5B EUR	-1.5B EUR	-1.4B EUR
Provision or reversal of provisions	-373.0M EUR	-198.0M EUR	-373.0M EUR
Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification	-6.1B EUR	-5.7B EUR	-4.4B EUR
Gains (losses) on financial assets at amortised cost	-6.1B EUR	-5.7B EUR	-4.4B EUR
Impairment Financial Assets Measured At Fair Value Through Other Comprehensive Income	28.0M EUR	-58.0M EUR	-42.0M EUR
Profit (loss) from operating activities	16.2B EUR	15.3B EUR	12.4B EUR
Impairment or reversal of impairment investments in subsidiaries joint ventures and associates	32.0M EUR	63.0M EUR	-9.0M EUR
Impairment or reversal of impairment on non financial assets	-13.0M EUR	1.0M EUR	-54.0M EUR
Impairment tangible assets	-5.0M EUR	-29.0M EUR	16.0M EUR
Impairment loss recognised in profit or loss, intangible assets and goodwill	-14.0M EUR	-15.0M EUR	-26.0M EUR
Impairment or reversal of impairment on other non financial assets	-3.0M EUR	-13.0M EUR	-12.0M EUR
Gains(losses) on derecognized of non financial assets and subsidiaries net	36.0M EUR	14.0M EUR	28.0M EUR
Negative goodwill recognised in profit and loss	0 EUR	0 EUR	0 EUR
Gains (losses) from non current assets and disposal groups classified as held for sale not qualifying as discontinued operations	18.0M EUR	-17.0M EUR	22.0M EUR
Profit (loss) before tax	16.2B EUR	15.4B EUR	12.4B EUR
Tax expense (income)	-5.1B EUR	-4.8B EUR	-4.0B EUR
Profit (loss) from continuing operations	11.1B EUR	10.6B EUR	8.4B EUR
Profit (loss) from discontinued operations	0 EUR	0 EUR	0 EUR
Profit (loss)	11.1B EUR	10.6B EUR	8.4B EUR
Profit (loss), attributable to non-controlling interests	-615.0M EUR	-521.0M EUR	-397.0M EUR
Profit (loss), attributable to owners of parent	10.5B EUR	10.1B EUR	8.0B EUR
Basic earnings (loss) per share	1.76 EUR	1.68 EUR	1.29 EUR
Basic earnings (loss) per share from continuing operations	1.76 EUR	1.68 EUR	1.29 EUR
Diluted earnings (loss) per share from continuing operations	1.76 EUR	1.68 EUR	1.29 EUR
Basic earnings (loss) per share from discontinued operations	0.00 EUR	0.00 EUR	0.00 EUR
Diluted earnings (loss) per share from discontinued operations	0.00 EUR	0.00 EUR	0.00 EUR

Total assets¹⁰¹¹¹²¹³¹⁴⁶$859.6B in 2025+27% since 2018

Total liabilities¹⁰¹¹¹²¹³¹⁴⁶$797.8B in 2025+28% since 2018

Shareholders’ equity¹¹¹²¹⁴⁶$61.8B in 2025+17% since 2018

Cash¹⁰¹¹¹³¹⁴⁶$58.8B in 2025+1% since 2018

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	58.8B EUR	51.1B EUR	75.4B EUR	79.8B EUR
Current financial assets at fair value through profit or loss, classified as held for trading	123.2B EUR	108.9B EUR	141.0B EUR
Derivative financial assets held for trading	32.6B EUR	36.0B EUR	34.3B EUR
Equity instruments held at fair value through profit or loss, classified as held for trading	9.9B EUR	6.8B EUR	4.6B EUR
Debt instruments held for trading	30.8B EUR	28.0B EUR	28.6B EUR
Loans and advances to central banks held for trading	620.0M EUR	556.0M EUR	2.8B EUR
Loans and advances to credit institutions held for trading	18.0B EUR	20.9B EUR	56.6B EUR
loans and advances to customers held for trading	31.3B EUR	16.7B EUR	14.2B EUR
Financial assets at fair value through profit or loss, mandatorily measured at fair value	11.3B EUR	10.5B EUR	8.7B EUR
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading	10.5B EUR	9.8B EUR	8.0B EUR
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading	192.0M EUR	407.0M EUR	484.0M EUR
Loans and advances at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading	541.0M EUR	358.0M EUR	290.0M EUR
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently	1.0B EUR	836.0M EUR	955.0M EUR
Debt securities at fair value through profit or loss	1.0B EUR	836.0M EUR	955.0M EUR
Financial assets at fair value through other comprehensive income	58.8B EUR	59.0B EUR	62.2B EUR
Investments in equity instruments designated at fair value through other comprehensive income	1.4B EUR	1.5B EUR	1.2B EUR
Debt securities at fair value through other comprehensive income	57.0B EUR	57.5B EUR	61.0B EUR
Loans and advances measured at fair value through other comprehensive income	448.0M EUR	25.0M EUR	26.0M EUR
Financial assets at amortised cost	568.9B EUR	502.4B EUR	451.7B EUR
Debt instruments held at amortised cost	73.4B EUR	59.0B EUR	49.5B EUR
Loans and advances to central banks at amortised cost	10.9B EUR	8.3B EUR	7.2B EUR
Loans and advances to banks	24.2B EUR	22.7B EUR	17.5B EUR
Loans and advances to customers	460.4B EUR	412.5B EUR	377.6B EUR
Derivative financial assets held for hedging	570.0M EUR	1.2B EUR	1.5B EUR
Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets	-87.0M EUR	-65.0M EUR	-97.0M EUR
Investments in subsidiaries, joint ventures and associates	994.0M EUR	989.0M EUR	976.0M EUR	916.0M EUR
Investments in joint ventures	111.0M EUR	94.0M EUR	93.0M EUR
Investments in associates	883.0M EUR	895.0M EUR	883.0M EUR
AssetsCoveredByInsuranceContractsAndReinsuranceContracts	198.0M EUR	191.0M EUR	211.0M EUR
Tangible assets	9.5B EUR	9.8B EUR	9.3B EUR	8.7B EUR
Property, plant and equipment	9.2B EUR	9.5B EUR	9.0B EUR
Property plant and equipment for own use	8.4B EUR	8.5B EUR	8.3B EUR
Assets leased out under an operating lease	879.0M EUR	1.0B EUR	751.0M EUR
Investment property	235.0M EUR	253.0M EUR	207.0M EUR
Intangible assets and goodwill	2.9B EUR	2.5B EUR	2.4B EUR
Goodwill	715.0M EUR	700.0M EUR	795.0M EUR	707.0M EUR
Intangible assets other than goodwill	2.1B EUR	1.8B EUR	1.6B EUR
Tax assets	17.9B EUR	18.6B EUR	17.5B EUR
Current tax assets	4.0B EUR	4.3B EUR	2.9B EUR
Deferred tax assets	13.9B EUR	14.4B EUR	14.6B EUR	14.7B EUR
Other assets	5.0B EUR	5.5B EUR	2.9B EUR
Insurance contracts linked to pensions	0 EUR	0 EUR	0 EUR
Inventories	1.3B EUR	1.3B EUR	276.0M EUR
Rest other assets	3.7B EUR	4.2B EUR	2.6B EUR
Non-current assets or disposal groups classified as held for sale	709.0M EUR	828.0M EUR	923.0M EUR
Assets	859.6B EUR	772.4B EUR	775.6B EUR
Financial liabilities at fair value through profit or loss that meet definition of held for trading	91.9B EUR	86.6B EUR	121.7B EUR
Derivative financial liabilities held for trading	30.3B EUR	33.1B EUR	33.0B EUR
Short positions held for trading	13.1B EUR	13.9B EUR	15.7B EUR
Deposits from central banks held for trading	3.7B EUR	3.4B EUR	6.4B EUR
Deposits from credit institutions held for trading	18.1B EUR	16.3B EUR	43.3B EUR
Customer deposits held for trading	26.7B EUR	20.0B EUR	23.2B EUR
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	18.4B EUR	15.0B EUR	13.3B EUR
Deposits from central banks at fair value through profit or loss, designated upon initial recognition or subsequently	0 EUR	0 EUR	0 EUR
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently	0 EUR	0 EUR	0 EUR
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently	897.0M EUR	934.0M EUR	717.0M EUR
Debt securities at fair value through profit or loss	6.0B EUR	4.6B EUR	4.0B EUR
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	11.5B EUR	9.4B EUR	8.6B EUR
Memorandum Item subordinated liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	0 EUR	0 EUR	0 EUR
Financial liabilities at amortised cost	658.6B EUR	584.3B EUR	557.6B EUR
Liabilities due to central banks	17.2B EUR	14.7B EUR	20.3B EUR
Deposits from banks	36.8B EUR	34.4B EUR	40.0B EUR
Deposits from customers	502.5B EUR	447.6B EUR	413.5B EUR
Debt instruments issued at amortised cost	81.8B EUR	69.9B EUR	68.7B EUR
Other financial liabilities	20.3B EUR	17.8B EUR	15.0B EUR
Memorandum item subordinated liabilities at amortised cost	21.1B EUR	19.6B EUR	15.9B EUR
Derivative financial liabilities held for hedging	1.9B EUR	2.5B EUR	2.6B EUR
Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities	0 EUR	0 EUR	0 EUR
Liabilities covered by insurance and reinsurance contracts	12.8B EUR	11.0B EUR	12.1B EUR	10.1B EUR
Provisions	4.4B EUR	4.6B EUR	4.9B EUR
Provisions for employee benefits	2.3B EUR	2.3B EUR	2.6B EUR
Other long term employees benefits	332.0M EUR	384.0M EUR	435.0M EUR
Legal proceedings provision	805.0M EUR	791.0M EUR	696.0M EUR
Provisions commitments and guarantees given	725.0M EUR	667.0M EUR	770.0M EUR
Other provisions	293.0M EUR	429.0M EUR	452.0M EUR
Tax liabilities	4.0B EUR	3.0B EUR	2.6B EUR
Current tax liabilities	1.5B EUR	575.0M EUR	878.0M EUR
Deferred tax liabilities	2.5B EUR	2.5B EUR	1.7B EUR	1.5B EUR
Other liabilities	5.7B EUR	5.4B EUR	5.5B EUR
Liabilities included in disposal groups classified as held for sale	0 EUR	0 EUR	0 EUR
Liabilities	797.8B EUR	712.4B EUR	720.3B EUR
Shareholders equity	76.2B EUR	72.9B EUR	68.0B EUR
Issued capital	2.8B EUR	2.8B EUR	2.9B EUR
Paid up capital	2.8B EUR	2.8B EUR	2.9B EUR
Unpaid capital which has been called up	0 EUR	0 EUR	0 EUR
Share premium	18.5B EUR	19.2B EUR	19.8B EUR
Equity instruments issued other than capital	0 EUR	0 EUR	0 EUR
Other equity interest	40.0M EUR	40.0M EUR	40.0M EUR
Retained earnings	46.3B EUR	40.7B EUR	36.2B EUR
Revaluation surplus	0 EUR	0 EUR	0 EUR
Other reserves	203.0M EUR	1.8B EUR	2.0B EUR
Reserves or accumulated losses of investments in subsidaries joint ventures and associates	-228.0M EUR	-227.0M EUR	-237.0M EUR
Other reserves other	431.0M EUR	2.0B EUR	2.3B EUR
Treasury shares	-299.0M EUR	-66.0M EUR	-34.0M EUR	-29.0M EUR
Profits or losses attributable to owners of the parent	10.5B EUR	10.1B EUR	8.0B EUR
Interim dividends	-1.8B EUR	-1.7B EUR	-951.0M EUR
Accumulated other comprehensive income	-18.9B EUR	-17.2B EUR	-16.3B EUR
Items that will not be reclassified to profit or loss	-2.5B EUR	-2.0B EUR	-2.1B EUR
Actuarial gains or losses on defined benefit pension plans that will not be reclassified to profit or loss	-1.4B EUR	-1.1B EUR	-1.0B EUR
Non current assets and disposal groups classified as held for sale that will not be reclassified to profit or loss	0 EUR	0 EUR	0 EUR
Share of other recognized income and expense of investments in joint ventures and associates that will not be reclassified to profit or loss	0 EUR	0 EUR	0 EUR
Fair value changes of equity instruments measured at fair value through other comprehensive income that will not be reclassified to profit or loss	-983.0M EUR	-905.0M EUR	-1.1B EUR	-1.2B EUR
Hedge ineffectiveness of fair value hedges for equity instruments measured at fair value through other comprehensive income	0 EUR	0 EUR	0 EUR
Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk	-127.0M EUR	-17.0M EUR	55.0M EUR
Other comprehensive income that will be reclassified to profit or loss, net of tax	-16.4B EUR	-15.2B EUR	-14.1B EUR
Foreign currency translation	-3.1B EUR	-2.3B EUR	-2.5B EUR
Foreign currency translation	-13.3B EUR	-12.7B EUR	-11.4B EUR
Hedging derivatives. Cash flow hedges effective portion	311.0M EUR	370.0M EUR	133.0M EUR
Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss	-209.0M EUR	-576.0M EUR	-357.0M EUR	-809.0M EUR
Hedging instruments non-designated items that may be reclassified to profit or loss	-4.0M EUR	0 EUR	0 EUR
Non-current assets and disposal groups classified as held for sale may be reclassified	0 EUR	0 EUR	0 EUR
Share of other recognized income and expense of investments in joint ventures and associates that may be reclassified to profit or loss	-7.0M EUR	5.0M EUR	-8.0M EUR
Non-controlling interests	4.4B EUR	4.4B EUR	3.6B EUR
Accumulated other comprehensive income non controlling interest	-3.1B EUR	-2.7B EUR	-3.3B EUR
Other non controlling interest items	7.5B EUR	7.1B EUR	6.9B EUR
Adjusted initial balance	61.8B EUR	60.0B EUR	55.3B EUR	50.5B EUR
Equity and liabilities	859.6B EUR	772.4B EUR	775.6B EUR

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	58.8B EUR	51.1B EUR	75.4B EUR	79.8B EUR
Current financial assets at fair value through profit or loss, classified as held for trading	123.2B EUR	108.9B EUR	141.0B EUR
Derivative financial assets held for trading	32.6B EUR	36.0B EUR	34.3B EUR
Equity instruments held at fair value through profit or loss, classified as held for trading	9.9B EUR	6.8B EUR	4.6B EUR
Debt instruments held for trading	30.8B EUR	28.0B EUR	28.6B EUR
Loans and advances to central banks held for trading	620.0M EUR	556.0M EUR	2.8B EUR
Loans and advances to credit institutions held for trading	18.0B EUR	20.9B EUR	56.6B EUR
loans and advances to customers held for trading	31.3B EUR	16.7B EUR	14.2B EUR
Financial assets at fair value through profit or loss, mandatorily measured at fair value	11.3B EUR	10.5B EUR	8.7B EUR
Equity instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading	10.5B EUR	9.8B EUR	8.0B EUR
Debt instruments held at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading	192.0M EUR	407.0M EUR	484.0M EUR
Loans and advances at fair value through profit or loss, mandatorily measured at fair value, other than those classified as held for trading	541.0M EUR	358.0M EUR	290.0M EUR
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently	1.0B EUR	836.0M EUR	955.0M EUR
Debt securities at fair value through profit or loss	1.0B EUR	836.0M EUR	955.0M EUR
Financial assets at fair value through other comprehensive income	58.8B EUR	59.0B EUR	62.2B EUR
Investments in equity instruments designated at fair value through other comprehensive income	1.4B EUR	1.5B EUR	1.2B EUR
Debt securities at fair value through other comprehensive income	57.0B EUR	57.5B EUR	61.0B EUR
Loans and advances measured at fair value through other comprehensive income	448.0M EUR	25.0M EUR	26.0M EUR
Financial assets at amortised cost	568.9B EUR	502.4B EUR	451.7B EUR
Debt instruments held at amortised cost	73.4B EUR	59.0B EUR	49.5B EUR
Loans and advances to central banks at amortised cost	10.9B EUR	8.3B EUR	7.2B EUR
Loans and advances to banks	24.2B EUR	22.7B EUR	17.5B EUR
Loans and advances to customers	460.4B EUR	412.5B EUR	377.6B EUR
Derivative financial assets held for hedging	570.0M EUR	1.2B EUR	1.5B EUR
Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets	-87.0M EUR	-65.0M EUR	-97.0M EUR
Investments in subsidiaries, joint ventures and associates	994.0M EUR	989.0M EUR	976.0M EUR	916.0M EUR
Investments in joint ventures	111.0M EUR	94.0M EUR	93.0M EUR
Investments in associates	883.0M EUR	895.0M EUR	883.0M EUR
AssetsCoveredByInsuranceContractsAndReinsuranceContracts	198.0M EUR	191.0M EUR	211.0M EUR
Tangible assets	9.5B EUR	9.8B EUR	9.3B EUR	8.7B EUR
Property, plant and equipment	9.2B EUR	9.5B EUR	9.0B EUR
Property plant and equipment for own use	8.4B EUR	8.5B EUR	8.3B EUR
Assets leased out under an operating lease	879.0M EUR	1.0B EUR	751.0M EUR
Investment property	235.0M EUR	253.0M EUR	207.0M EUR
Intangible assets and goodwill	2.9B EUR	2.5B EUR	2.4B EUR
Goodwill	715.0M EUR	700.0M EUR	795.0M EUR	707.0M EUR
Intangible assets other than goodwill	2.1B EUR	1.8B EUR	1.6B EUR
Tax assets	17.9B EUR	18.6B EUR	17.5B EUR
Current tax assets	4.0B EUR	4.3B EUR	2.9B EUR
Deferred tax assets	13.9B EUR	14.4B EUR	14.6B EUR	14.7B EUR
Other assets	5.0B EUR	5.5B EUR	2.9B EUR
Insurance contracts linked to pensions	0 EUR	0 EUR	0 EUR
Inventories	1.3B EUR	1.3B EUR	276.0M EUR
Rest other assets	3.7B EUR	4.2B EUR	2.6B EUR
Non-current assets or disposal groups classified as held for sale	709.0M EUR	828.0M EUR	923.0M EUR
Assets	859.6B EUR	772.4B EUR	775.6B EUR
Financial liabilities at fair value through profit or loss that meet definition of held for trading	91.9B EUR	86.6B EUR	121.7B EUR
Derivative financial liabilities held for trading	30.3B EUR	33.1B EUR	33.0B EUR
Short positions held for trading	13.1B EUR	13.9B EUR	15.7B EUR
Deposits from central banks held for trading	3.7B EUR	3.4B EUR	6.4B EUR
Deposits from credit institutions held for trading	18.1B EUR	16.3B EUR	43.3B EUR
Customer deposits held for trading	26.7B EUR	20.0B EUR	23.2B EUR
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	18.4B EUR	15.0B EUR	13.3B EUR
Deposits from central banks at fair value through profit or loss, designated upon initial recognition or subsequently	0 EUR	0 EUR	0 EUR
Deposits from banks at fair value through profit or loss, designated upon initial recognition or subsequently	0 EUR	0 EUR	0 EUR
Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently	897.0M EUR	934.0M EUR	717.0M EUR
Debt securities at fair value through profit or loss	6.0B EUR	4.6B EUR	4.0B EUR
Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	11.5B EUR	9.4B EUR	8.6B EUR
Memorandum Item subordinated liabilities at fair value through profit or loss, designated upon initial recognition or subsequently	0 EUR	0 EUR	0 EUR
Financial liabilities at amortised cost	658.6B EUR	584.3B EUR	557.6B EUR
Liabilities due to central banks	17.2B EUR	14.7B EUR	20.3B EUR
Deposits from banks	36.8B EUR	34.4B EUR	40.0B EUR
Deposits from customers	502.5B EUR	447.6B EUR	413.5B EUR
Debt instruments issued at amortised cost	81.8B EUR	69.9B EUR	68.7B EUR
Other financial liabilities	20.3B EUR	17.8B EUR	15.0B EUR
Memorandum item subordinated liabilities at amortised cost	21.1B EUR	19.6B EUR	15.9B EUR
Derivative financial liabilities held for hedging	1.9B EUR	2.5B EUR	2.6B EUR
Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities	0 EUR	0 EUR	0 EUR
Liabilities covered by insurance and reinsurance contracts	12.8B EUR	11.0B EUR	12.1B EUR	10.1B EUR
Provisions	4.4B EUR	4.6B EUR	4.9B EUR
Provisions for employee benefits	2.3B EUR	2.3B EUR	2.6B EUR
Other long term employees benefits	332.0M EUR	384.0M EUR	435.0M EUR
Legal proceedings provision	805.0M EUR	791.0M EUR	696.0M EUR
Provisions commitments and guarantees given	725.0M EUR	667.0M EUR	770.0M EUR
Other provisions	293.0M EUR	429.0M EUR	452.0M EUR
Tax liabilities	4.0B EUR	3.0B EUR	2.6B EUR
Current tax liabilities	1.5B EUR	575.0M EUR	878.0M EUR
Deferred tax liabilities	2.5B EUR	2.5B EUR	1.7B EUR	1.5B EUR
Other liabilities	5.7B EUR	5.4B EUR	5.5B EUR
Liabilities included in disposal groups classified as held for sale	0 EUR	0 EUR	0 EUR
Liabilities	797.8B EUR	712.4B EUR	720.3B EUR
Shareholders equity	76.2B EUR	72.9B EUR	68.0B EUR
Issued capital	2.8B EUR	2.8B EUR	2.9B EUR
Paid up capital	2.8B EUR	2.8B EUR	2.9B EUR
Unpaid capital which has been called up	0 EUR	0 EUR	0 EUR
Share premium	18.5B EUR	19.2B EUR	19.8B EUR
Equity instruments issued other than capital	0 EUR	0 EUR	0 EUR
Other equity interest	40.0M EUR	40.0M EUR	40.0M EUR
Retained earnings	46.3B EUR	40.7B EUR	36.2B EUR
Revaluation surplus	0 EUR	0 EUR	0 EUR
Other reserves	203.0M EUR	1.8B EUR	2.0B EUR
Reserves or accumulated losses of investments in subsidaries joint ventures and associates	-228.0M EUR	-227.0M EUR	-237.0M EUR
Other reserves other	431.0M EUR	2.0B EUR	2.3B EUR
Treasury shares	-299.0M EUR	-66.0M EUR	-34.0M EUR	-29.0M EUR
Profits or losses attributable to owners of the parent	10.5B EUR	10.1B EUR	8.0B EUR
Interim dividends	-1.8B EUR	-1.7B EUR	-951.0M EUR
Accumulated other comprehensive income	-18.9B EUR	-17.2B EUR	-16.3B EUR
Items that will not be reclassified to profit or loss	-2.5B EUR	-2.0B EUR	-2.1B EUR
Actuarial gains or losses on defined benefit pension plans that will not be reclassified to profit or loss	-1.4B EUR	-1.1B EUR	-1.0B EUR
Non current assets and disposal groups classified as held for sale that will not be reclassified to profit or loss	0 EUR	0 EUR	0 EUR
Share of other recognized income and expense of investments in joint ventures and associates that will not be reclassified to profit or loss	0 EUR	0 EUR	0 EUR
Fair value changes of equity instruments measured at fair value through other comprehensive income that will not be reclassified to profit or loss	-983.0M EUR	-905.0M EUR	-1.1B EUR	-1.2B EUR
Hedge ineffectiveness of fair value hedges for equity instruments measured at fair value through other comprehensive income	0 EUR	0 EUR	0 EUR
Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk	-127.0M EUR	-17.0M EUR	55.0M EUR
Other comprehensive income that will be reclassified to profit or loss, net of tax	-16.4B EUR	-15.2B EUR	-14.1B EUR
Foreign currency translation	-3.1B EUR	-2.3B EUR	-2.5B EUR
Foreign currency translation	-13.3B EUR	-12.7B EUR	-11.4B EUR
Hedging derivatives. Cash flow hedges effective portion	311.0M EUR	370.0M EUR	133.0M EUR
Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss	-209.0M EUR	-576.0M EUR	-357.0M EUR	-809.0M EUR
Hedging instruments non-designated items that may be reclassified to profit or loss	-4.0M EUR	0 EUR	0 EUR
Non-current assets and disposal groups classified as held for sale may be reclassified	0 EUR	0 EUR	0 EUR
Share of other recognized income and expense of investments in joint ventures and associates that may be reclassified to profit or loss	-7.0M EUR	5.0M EUR	-8.0M EUR
Non-controlling interests	4.4B EUR	4.4B EUR	3.6B EUR
Accumulated other comprehensive income non controlling interest	-3.1B EUR	-2.7B EUR	-3.3B EUR
Other non controlling interest items	7.5B EUR	7.1B EUR	6.9B EUR
Adjusted initial balance	61.8B EUR	60.0B EUR	55.3B EUR	50.5B EUR
Equity and liabilities	859.6B EUR	772.4B EUR	775.6B EUR

Cash from operations¹⁰¹¹¹²¹³¹⁴⁶$15.0B in 2025+11% since 2018

Capital spending¹¹¹²¹³¹⁴⁶$827.0M in 2025−3% since 2019

Free cash flow¹¹¹²¹³¹⁴⁶$14.1B in 2025

Dividends paid¹³¹⁴⁶$4.2B in 2025+353% since 2021

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash flows from (used in) operating activities	15.0B EUR	-18.2B EUR	-721.0M EUR
Profit (loss)	11.1B EUR	10.6B EUR	8.4B EUR
Adjustments to reconcile profit (loss)	14.4B EUR	14.8B EUR	12.2B EUR
Adjustments for depreciation and amortisation expense	1.5B EUR	1.5B EUR	1.4B EUR
Other adjustments to reconcile profit (loss)	12.9B EUR	13.3B EUR	10.7B EUR
Net increase decrease in operating assets from operating activities	-102.5B EUR	-54.3B EUR	-77.4B EUR
Adjustments for decrease (increase) in financial assets held for trading	-14.0B EUR	28.5B EUR	-27.9B EUR
Net increase decrease in non trading financial assets mandatorily at fair value through profit or loss	-628.0M EUR	-2.8B EUR	-1.3B EUR
Net increase decrease in other financial assets designated at fair value through profit or loss	-187.0M EUR	119.0M EUR	-42.0M EUR
Net increase decrease in financial assets at fair value through other comprehensive income	680.0M EUR	-1.1B EUR	2.5B EUR
Adjustments For Decrease Increase In Financial Assets At Amortised Cost	-89.1B EUR	-76.8B EUR	-51.2B EUR
Adjustments for decrease (increase) in other assets	672.0M EUR	-2.1B EUR	476.0M EUR
Net increase decrease in operating liabilities from operating activities	95.3B EUR	16.3B EUR	61.5B EUR
Adjustments for increase (decrease) in financial liabilities held for trading	5.1B EUR	-32.7B EUR	24.4B EUR
Other financial liabilities designated at fair value through profit or loss operating activities	3.3B EUR	2.6B EUR	2.0B EUR
Financial liabilities at amortized cost operating activities	88.3B EUR	46.0B EUR	36.1B EUR
Adjustments for increase (decrease) in other liabilities	-1.4B EUR	392.0M EUR	-1.1B EUR
Income taxes paid (refund), classified as operating activities	-3.3B EUR	-5.6B EUR	-5.4B EUR
Cash flows from (used in) investing activities, continuing operations	-1.4B EUR	-1.4B EUR	-1.4B EUR
Outflows of cash from investing activities	-1.8B EUR	-2.0B EUR	-1.9B EUR
Purchase of property, plant and equipment, classified as investing activities	-827.0M EUR	-1.2B EUR	-1.1B EUR
Purchase of intangible assets, classified as investing activities	-979.0M EUR	-816.0M EUR	-690.0M EUR
Other cash payments to acquire interests in joint ventures, classified as investing activities	-1.0M EUR	-1.0M EUR	-93.0M EUR
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities	0 EUR	-28.0M EUR	0 EUR
Investment non current assets classified as held for sale and associated liabilites	0 EUR	0 EUR	0 EUR
Investment other settlements related to investing activities	0 EUR	0 EUR	0 EUR
Inflows of cash from investing activities	404.0M EUR	617.0M EUR	492.0M EUR
Proceeds from sales of property, plant and equipment	83.0M EUR	104.0M EUR	92.0M EUR
Proceeds from sales of intangible assets	0 EUR	0 EUR	0 EUR
Other cash receipts from sales of interests in joint ventures	83.0M EUR	32.0M EUR	58.0M EUR
Cash flows from losing control of subsidiaries or other businesses	50.0M EUR	73.0M EUR	21.0M EUR
Proceeds from disposal of non-current assets or disposal groups classified as held for sale and discontinued operations	188.0M EUR	408.0M EUR	321.0M EUR
Other collections related to investing activities	0 EUR	0 EUR	0 EUR
Cash flows from (used in) financing activities, continuing operations	-3.7B EUR	-2.6B EUR	-1.8B EUR
Payments from financing activities	-9.4B EUR	-8.8B EUR	-7.2B EUR
Dividends paid, classified as financing activities	-4.2B EUR	-3.9B EUR	-2.8B EUR
Repayments of subordinated liabilities	-2.6B EUR	-2.6B EUR	-1.6B EUR
Treasury stock amortization from financing activities	-27.0M EUR	-37.0M EUR	-94.0M EUR
Treasury stock acquisitions from financing activities	-2.0B EUR	-1.5B EUR	-2.1B EUR
Other Outflows Of Cash Classified As Financing Activities	-580.0M EUR	-732.0M EUR	-622.0M EUR
Collections from financing activities	5.7B EUR	6.2B EUR	5.4B EUR
Proceeds from issue of subordinated liabilities	5.0B EUR	5.5B EUR	4.7B EUR
Proceeds from issuing shares	0 EUR	0 EUR	0 EUR
Collections Treasury shares disposal	757.0M EUR	691.0M EUR	711.0M EUR
Other Inflows Of Cash Classified As Financing Activities	0 EUR	0 EUR	0 EUR
Effect of exchange rate changes on cash and cash equivalents	-2.2B EUR	-2.1B EUR	-357.0M EUR
Increase decrease in cash and cash equivalents including companies held for sale	7.7B EUR	-24.3B EUR	-4.3B EUR

Compare Banco Bilbao Vizcaya Argentaria with another company

Corporate structure

Banco Bilbao Vizcaya Argentaria sits at the top of its group. 894 entities, 20 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Banco Bilbao Vizcaya Argentaria

Capital Research Global Investors Filed SCHEDULE 13G/A on Banco Bilbao Vizcaya Argentaria, latest Aug 13, 2025 (2 filings since May 13, 2025)
BlackRock Filed SC 13G/A on Banco Bilbao Vizcaya Argentaria, latest Feb 5, 2024 (3 filings since Feb 1, 2022)

Banco Bilbao Vizcaya Argentaria Bilbao, Spain
- Banca Catalana Subsidiary · Barcelona, Spain
  - Banca Dorca Subsidiary · Olot, Spain
- BBVA (Switzerland) Subsidiary
- BBVA Argentina Subsidiary · Buenos Aires, Argentina
  - BBVA ASSET MANAGEMENT ARGENTINA SAU SOCIEDAD GERENTE DE FONDOS COMUNES DE INVERSION Subsidiary · Ciudad Autonoma Buenos Aires, Argentina
- BBVA Colombia Subsidiary · Bogotá
- BBVA Mexico Subsidiary · Mexico City
- BBVA Peru Subsidiary · Edificio Banco Continental
- BBVA Provincial Subsidiary · Caracas
- BBVA Uruguay Subsidiary · Montevideo
- BBVA USA Subsidiary · Houston, Texas, United States
- Garanti BBVA Subsidiary · Istanbul
  - Garanti Bank România Subsidiary · Bucharest, Romania
  - Ottoman Bank Subsidiary · Istanbul
- Simple Subsidiary · Portland
- Telefónica Stake · 4.86% · Madrid, Spain
  - Telefónica Deutschland 69.22% · München, Germany
    - 5 more
  - Telefonica Soluciones de Informatica y Comunicaciones de España SAU Madrid, Spain
  - Telefónica Global Solutions Madrid, Spain
  - giffgaff Subsidiary · 100% · London
  - Movistar Chile Subsidiary · 100% · Torre Telefónica Chile
  - O2 Subsidiary · 100% · Slough
  - Tuenti Subsidiary · 100% · Madrid
  - Integratel Perú Subsidiary · 98.57% · Lima, Peru
    - 1 more
  - E-Plus Subsidiary · 63.22% · Düsseldorf
  - Movistar Argentina Subsidiary · Buenos Aires
    - 1 more
  - Movistar Colombia Subsidiary · Bogotá, Colombia
  - Movistar Ecuador Subsidiary · Quito, Ecuador
  - Movistar México Subsidiary · Mexico City
  - O2 Ireland Subsidiary · Sir John Rogerson's Quay
  - Telefonica Research and Development Subsidiary · Madrid, Spain
  - Telefónica Argentina Subsidiary · Avenida Ingeniero Huergo
  - Telefónica Telecom Subsidiary · Bogotá
  - Telefônica Brasil Subsidiary · Sao Paulo, Brazil
    - 1 more
  - Terra Subsidiary · São Paulo
  - Virgin Media O2 Subsidiary · London
    - 1 more
  - Vía Digital Subsidiary · Ciudad de la Imagen
  - Telefonica Europe B.V. Subsidiary · 100% · Amsterdam, Netherlands
  - Telefónica Germany GmbH & Co. OHG Subsidiary · 63.22% · Germany
  - ACENS TECHNOLOGIES SL Subsidiary · Alcobendas, Spain
  - ALTOSTRATUS SOLUTIONS S.L.(SOCIEDAD UNIPERSONAL) Subsidiary · Barcelona, Spain
  - and 27 more
- BBVA - FUNDOS-SOCIEDADE GESTORA DE FUNDOS DE PENSÕES S.A. Subsidiary · 100% · Lisboa, Portugal
  - Aberto BBVA Desenvolvimento Conservador Fund · Lisboa, Portugal
  - Aberto BBVA Multiativo Moderado Fund · Lisboa, Portugal
  - Aberto BBVA Obrigações 2026 Fund · Lisboa, Portugal
  - Aberto BBVA Obrigações 2029 Fund · Lisboa, Portugal
  - Aberto BBVA PME'S Fund · Lisboa, Portugal
  - Aberto BBVA Sustentável Moderado ISR Fund · Lisboa, Portugal
  - Aberto Poupança Reforma BBVA Estratégia Acumulação PPR Fund · Lisboa, Portugal
  - Aberto Poupança Reforma BBVA Estratégia Capital PPR Fund · Lisboa, Portugal
  - Aberto Poupança Reforma BBVA Estratégia Investimento PPR Fund · Lisboa, Portugal
  - Aberto Poupança Reforma BBVA Obrigações 2027 PPR Fund · Lisboa, Portugal
  - Aberto Poupança Reforma BBVA Obrigações 2030 PPR Fund · Lisboa, Portugal
  - Aberto Poupança Reforma CVI PPR Fund · Lisboa, Portugal
  - BBVA Desenvolvimento Equilibrado PPR Fund · Lisboa, Portugal
  - Grupo BBVA (Portugal) Fund · Lisboa, Portugal
  - M3 Acumulação PPR Fund · Lisboa, Portugal
  - M3 Capital PPR Fund · Lisboa, Portugal
  - M3 Investimento PPR Fund · Lisboa, Portugal
- BBVA Global Markets B.V. Subsidiary · 100% · Madrid, Spain
- BBVA Global Securities B.V. Subsidiary · 100% · Madrid, Spain
- BBVA BANCOMER GESTION SA DE CV SOCIEDAD OPERADORA DE FONDOS DE INVERSION GRUPO FINANCIERO BBVA BANCOMER Subsidiary · 99.98% · Ciudad de México, Mexico
- ALCALA 120 PROMOCIONES Y GESTION INMOBILIARIA S.L. (SOCIEDAD UNIPERSONAL) Subsidiary · Terrassa, Spain
- ANIDA GRUPO INMOBILIARIO SL Subsidiary · Madrid, Spain
- ANIDA OPERACIONES SINGULARES SA Subsidiary · Madrid, Spain
  - ANIDAPORT - INVESTIMENTOS IMOBILIARIOS, UNIPESSOAL LDA (ANIDAPORT - INVESTIMENTOS IMOBILIÁRIOS, UNIPESSOAL LDA) Subsidiary · Lisboa, Portugal
- ARRAHONA NEXUS S.L. (SOCIEDAD UNIPERSONAL) Subsidiary · Terrassa, Spain
- ARRELS CT FINSOL S.A. Subsidiary · Terrassa, Spain
- ARRELS CT PATRIMONI I PROJECTES S.A. Subsidiary · Terrassa, Spain
- ARRELS CT PROMOU S.A. Subsidiary · Terrassa, Spain
  - PROMOU CT 3 A G DELTA S.L. Subsidiary · Terrassa, Spain
  - PROMOU CT EIX MACIA S.L. Subsidiary · Terrassa, Spain
  - PROMOU CT GEBIRA S.L. (SOCIEDAD UNIPERSONAL) Subsidiary · Terrassa, Spain
  - PROMOU CT VALLES S.L. Subsidiary · Terrassa, Spain
  - PROMOU GLOBAL S.L. Subsidiary · Terrassa, Spain
- BANCO BBVA PERU Subsidiary · San Isidro, Peru
- BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA S.A. Subsidiary · Bogota, Colombia
  - BBVA Valores Colombia S.A. Comisionista de Bolsa Subsidiary · Bogota, Colombia
- and 60 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Banco Bilbao Vizcaya Argentaria reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, net	9.2B EUR⁶ Dec 31, 2025	9.5B EUR⁶ Dec 31, 2024	−2.7%

Real estate and locations

Item	Latest	A year before	Change
Real estate investments, net	235.0M EUR⁶ Dec 31, 2025	253.0M EUR⁶ Dec 31, 2024	−7.1%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	58.8B EUR⁶ Dec 31, 2025	51.1B EUR⁶ Dec 31, 2024	+15.0%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	715.0M EUR⁶ Dec 31, 2025	700.0M EUR⁶ Dec 31, 2024	+2.1%
Intangible assets, net (excluding goodwill)	2.1B EUR⁶ Dec 31, 2025	1.8B EUR⁶ Dec 31, 2024	+19.6%

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.¹

The story

Banco de Bilbao and Banco de Vizcaya

The history of BBVA began in 1857 in Bilbao, a city located in the Basque part of northern Spain, when the Board of Trade promoted the creation of Banco de Bilbao as an issuing and discount bank. Banco de Vizcaya was founded in 1901 and carried out its first operations in Bilbao. Little by little, it spread throughout the country. In 1988, the merger agreement between Banco de Bilbao and Banco de Vizcaya was signed. And in 1989, the BBV brand was adopted.

Merger of BBV and Argentaria: creation of BBVA

In 1991, the Spanish government of Felipe González created the public bank Argentaria, grouping in it the Spanish public banks. Subsequently, between 1993 and 1998 the process of privatization of the entity was carried out. BBV and Argentaria announced their merger project on 19 October 1999, with the aim of continuing to create value. The new bank (BBVA) was born with a significant size, a strong financial solvency and a large financial structure, an adequate geographical diversification of business and risks and, as a consequence of all this, a greater potential for profit growth.

Acquisitions of Unnim Banc and Catalunya Banc

After several years dedicated to external growth, BBVA takes advantage of the restructuring of the financial system in Spain to grow especially in Catalonia, one of the regions where it had the lowest market share. To this end, it acquired between 2012 and 2014 the two financial groups nationalized by the Government of Spain (Unnim Banc and Catalunya Banc), which grouped 6 Catalan savings banks.

In 2020, BBVA entered into negotiations with smaller competitor Banco Sabadell to create Spain's second-biggest domestic lender by assets; according to Reuters, the bank would have nearly 600 billion euros ($710.52 billion) in assets in Spain and a combined market value, based on the share prices at the time, of 26.7 billion euros. Shortly after, both parties ended their talks after failing to agree on price. Later on in May 2024, BBVA presented a $13.11 billion takeover bid directly to Sabadell's shareholders. However, the Economy Ministry has the power to block any merger or acquisition of a bank, meaning that the Spanish government has six months to decide whether to block this takeover.

In December 2024, BBVA was confirmed on getting approval for taking indirect control of Sabadell’s Mexican businesses. On 30 January 2025, BBVA plans to buy back shares worth 993 million euros ($1billion) after the Spanish market supervisor lifted their restriction on new repurchase plans it has imposed over BBVA’s takeover bid for Sabadell.

Digital transformation

In 2007, the firm started an initiative to digitally transform the bank. Following implementation, it saw a 19% year-on-year increase in new customers. As of 2015, the total number of these clients stood at 14.8 million. In 2019, BBVA decided to unify its brand worldwide and introduced a new logo. This meant the disappearance of local names in Argentina (Francés), Mexico (Bancomer), Peru (Continental), and the United States (Compass). Garanti Bank, the Group's franchise in Turkey, changed its name to Garanti BBVA.

In January 2021, BBVA said that it was looking for plans to lower the costs, then in February 2021, it was reported that BBVA was planning to cut around 3,000 jobs in Spain after its net profit fell 48% in the fourth quarter of 2020. In July 2025, BBVA launched cryptocurrency trading and custody

services for retail clients in Spain, operating under the EU’s Markets

Read the full text

in Crypto-Assets Regulation (MiCA). It was among the first traditional

banks in Europe to offer such services. In September 2025, BBVA announced the expansion of its institutional services through the adoption of Ripple’s cryptocurrency custody solution. The initiative is intended to strengthen the bank’s compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation and broaden its involvement in digital asset markets.

From Wikipedia’s article on Banco Bilbao Vizcaya Argentaria, shared under CC BY-SA 4.0.⁸

Leadership

Who has led Banco Bilbao Vizcaya Argentaria, and when. Pick a name to see everywhere that person has worked.

Chair

Carlos Torres Vila2018–now

200020052010201520202025

ChairCarlos Torres Vila 2018 to now¹

Products and brands

financial services

Listed on Wikidata.¹

Other European operations

Italy and Germany

In a shift from its traditional branch-based model, BBVA entered the Italian and German retail banking markets with fully digital, standalone neobank platforms. BBVA launched its digital bank in Italy in 2021. Rather than opening physical branches, the bank focused on a lean cost structure, offering free accounts, high-yield deposits, and a robust mobile application. Within four years, the Italian digital branch surpassed 700,000 customers. Following its launch in Italy, BBVA launched a similar digital bank in Germany in June 2025. While the German operation is completely branchless, it partnered with local networks to provide customers access to over 70,000 physical contact points for cash deposits and withdrawals.

Portugal

In Portugal, BBVA operates a traditional universal banking model serving both individual retail clients and corporate entities. While the Portuguese division maintains a physical branch network in major cities, it heavily emphasizes a digital-first approach.

Romania

BBVA's presence in Romania has historically been managed through its subsidiary, Garanti BBVA Romania (operated via its Turkish subsidiary, Garanti BBVA). However, on March 28, 2026, Raiffeisen Bank International announced an agreement to acquire 100% of the shares in Garanti BBVA Group Romania for approximately €591 million.

Presence on stock market indexes

IBEX 35

BBVA is included in the IBEX 35, the official index of the Spanish Continuous Market composed of the 35 most liquid stocks traded on continuous market. The BBVA has a market capitalization of 15,816 million euros, (09-30-20).

Read the full text

Eurostoxx 50

BBVA bank lists in Eurostoxx 50 along with other banks like Santander Bank and Deutsche Bank.

NYSE

BBVA bank is listed on the New York Stock Exchange.

Mexican Stock Exchange

BBVA bank is listed on the Mexican Stock Exchange.

From Wikipedia’s article on Banco Bilbao Vizcaya Argentaria, shared under CC BY-SA 4.0.⁸

Subsidiaries and ownership

Subsidiaries

Also owns

Telefónica 4.9%
BBVA CX

From Wikidata.¹

Acquisitions

2016Acquired Holvi¹
Sep 7, 2007Acquired BBVA USA¹
2000Acquired Banca Catalana¹
Succeeded Argentaria¹
Succeeded Banco Bilbao Vizcaya¹

Former names

BANCO BILBAO VIZCAYA ARGENTARIA S AFeb 21, 2002 to Oct 13, 2006⁷

Timeline

1999Founded Founded in Bilbao¹
Jan 2, 1990Went public Listed on NYSE¹

Calendar

Coming up

Oct 28, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.49 a share, on Oct 30, 2025.¹⁵

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

526 filings to the SEC since October 2021: 5 annual reports, 5 large holders, 516 other. The latest 20:

Oct 13, 20266-K EDGAR
Oct 2, 20266-K EDGAR
Oct 1, 20266-K EDGAR
Sep 30, 20266-K EDGAR
Sep 30, 2026SBSE-A/A EDGAR
Sep 23, 20266-K EDGAR
Sep 22, 20266-K EDGAR
Sep 14, 20266-K EDGAR
Sep 10, 2026CERT NYSE CERTIFICATION EDGAR
Sep 8, 20266-K EDGAR
Sep 3, 20268-A12B EDGAR
Sep 3, 20266-K EDGAR
Aug 31, 20266-K EDGAR
Aug 26, 2026424B5 EDGAR
Aug 25, 2026FWP EDGAR
Aug 25, 2026424B5 EDGAR
Aug 24, 20266-K EDGAR
Aug 20, 2026N-PX EDGAR
Aug 17, 20266-K EDGAR
Aug 12, 202613F-HR EDGAR

The 526 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Capital Research Global InvestorsSCHEDULE 13G/A, 2 filings May 13, 2025 to Aug 13, 2025¹⁶
BlackRockSC 13G/A, 3 filings Feb 1, 2022 to Feb 5, 2024¹⁷

Stakes it holds

Banco Bilbao Vizcaya Argentaria has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

PolestarSCHEDULE 13G/A Dec 31, 2025 to Aug 13, 2026¹⁸

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Morgan Stanley	13,132,187	$329.1M	0.0%	+228,867
Goldman Sachs Group Inc	11,933,933	$299.1M	0.0%	+75,122
Fisher Asset Management, LLC	11,565,268	$289.8M	0.1%	−18,149,841
Dimensional Fund Advisors LP	10,346,713	$259.3M	0.0%	+5,332
Fmr LLC	8,870,426	$222.3M	0.0%	+353,240
Harding Loevner LP	8,391,515	$222.2M	2.1%	+1,996,006
BlackRock, Inc.	8,261,769	$207.0M	0.0%	+25,156
Bank Of America Corp /de/	7,832,717	$196.3M	0.0%	+343,906
Northern Trust Corp	6,726,713	$168.6M	0.0%	+126,829
Capital International Investors	6,481,790	$160.2M	0.0%	−69,426
American Century Companies Inc	6,117,192	$153.3M	0.1%	+1,193,220
Jones Financial Companies Lllp	5,545,925	$135.2M	0.1%	+769,851
Connor, Clark & Lunn Investment Management Ltd.	4,489,448	$112.5M	0.2%	+1,957,640
Jpmorgan Chase & Co	3,964,313	$98.0M	0.0%	−80,279
Envestnet Asset Management Inc	3,179,584	$79.7M	0.0%	+16,999
Clark Capital Management Group, Inc.	2,407,525	$60.3M	0.3%	−1,156,815
Arrowstreet Capital, Limited Partnership	1,839,208	$46.1M	0.0%	−976,707
Royal Bank Of Canada	1,572,947	$39.4M	0.0%	+92,540
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	1,513,544	$37.9M	0.0%	−26,228
Quantinno Capital Management LP	1,484,531	$37.2M	0.0%	+261,460
O'shaughnessy Asset Management, LLC	1,357,430	$34.0M	0.2%	+49,036
Raymond James Financial Inc	1,337,629	$33.5M	0.0%	+74,374
Wells Fargo & Company/mn	1,248,514	$31.3M	0.0%	−47,219
Crossmark Global Holdings, Inc.	1,244,708	$31.2M	0.4%	−12,415
UBS Group AG	1,145,379	$28.7M	0.0%	−187,700

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

8 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Mar 30, 2026	Alan ArmstrongRepublican, Senate	Buy	$15,001 - $50,000	+4.4%	Report
Mar 13, 2025	Josh GottheimerDemocratic, House	Partial sale	$1,001 - $15,000	−46.4%	Report
Jun 21, 2024	Josh GottheimerDemocratic, House	Partial sale	$1,001 - $15,000	−122.3%	Report
Jul 10, 2023	Daniel S. GoldmanDemocratic, House	Sale	$15,001 - $50,000	−163.8%	Report
Feb 17, 2021	Peter Meijer, House	Partial sale	$15,001 - $50,000	−281.4%	Report
Jan 28, 2021	Peter Meijer, House	Partial sale	$1,001 - $15,000	−332.6%	Report
Jun 24, 2019	Donna Shalala, House	Sale	$1,001 - $15,000	−198.9%	Report
Apr 5, 2019	Donna Shalala, House	Buy	$1,001 - $15,000	+147.4%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Banco Bilbao Vizcaya Argentaria is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARBANCO BILBAO VIZCAYA ARGENTARIA, S.A.²
CIK0000842180
Employer ID (EIN)13-3491492²
Filer statusLarge accelerated filer not an emerging growth company; not a shell company¹⁹
Incorporated inKingdom of Spain¹⁹
Fiscal year endsDecember 31²
Industry code (SIC)6029 Commercial Banks, NEC²
SEC reviewing officeOffice of Finance, Division of Corporation Finance²
Business addressCalle Azul 4, Madrid, U3 28050²
Phone011 34 91 537 8172²
Shares outstanding5,708,968,700 shares as of Dec 31, 2025¹⁹
AuditorErnst & Young, S.L., Madrid, Spain PCAOB ID 1461; it also attests to the company’s internal control over financial reporting¹⁹
On EDGAR sinceJan 23, 2002²
Filings1,689 in all: 6-K (1,214), 425 (91), CORRESP (40), UPLOAD (35), 424B5 (31), 13F-HR (27), 20-F (25), 6-K/A (20)²
All 49 form types
FWP (18), IRANNOTICE (15), 8-A12B (14), SC 13G/A (14), SC 13D/A (12), F-N (11), S-8 (11), S-8 POS (11), CERT (10), F-4/A (9), 25-NSE (8), F-3ASR (7), AW (5), POS AM (5), 424B3 (4), EFFECT (4), SC 13D (4), 13F-HR/A (3), 3 (3), CERTNYS (3), F-4 (3), N-PX (3), SC 13G (3), 20-F/A (2), 4 (2), CT ORDER (2), NO ACT (2), POSASR (2), SBSE-A/A (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 424B2 (1), DRS (1), DRSLTR (1), F-6 (1), NT 20-F (1), POS EX (1), RW (1), SBSE-A (1), SBSE-C (1), SC 14D9 (1)
Latest filingsAnnual report (20-F) Feb 20, 2026

Securities registered for trading

Class	Symbol	Exchange
American Depositary Shares, each representing the right to receive one ordinary share, par value €0.49 per share	BBVA	New York Stock Exchange
Ordinary shares, par value €0.49 per share		New York Stock Exchange
6.138% Fixed Rate Senior Non-Preferred Notes due 2028	BBVA28	New York Stock Exchange
5.381% Fixed Rate Senior Preferred Notes due 2029	BBVA29	New York Stock Exchange
Tier 2 Subordinated Callable Fixed-to-Fixed Rate Notes due 2034	BBVA34	New York Stock Exchange
Senior Non-Preferred Callable Fixed-to-Fixed Rate Notes due 2035	BBVA35	New York Stock Exchange
Series 12 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities	BBVAP1	New York Stock Exchange
Series 14 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities	BBVAP2	New York Stock Exchange

From the cover page of the 20-F filed Feb 20, 2026 (Section 12(b) of the Exchange Act).¹⁹

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataBanco Bilbao Vizcaya Argentaria on Wikidata
2
SEC EDGARBanco Bilbao Vizcaya Argentaria filings on SEC EDGAR
3
WikipediaBanco Bilbao Vizcaya Argentaria on Wikipedia
4
GLEIFBanco Bilbao Vizcaya Argentaria LEI record (K8MS7FD7N5Z2WQ51AZ71)
5
Wikimedia CommonsBanco Bilbao Vizcaya Argentaria logo by Banco Bilbao Vizcaya Argentaria, S.A., Public domain
6
SEC EDGARBanco Bilbao Vizcaya Argentaria 10-K for fiscal 2025
7
SEC EDGARBanco Bilbao Vizcaya Argentaria filings on SEC EDGAR
8
WikipediaBanco Bilbao Vizcaya Argentaria on Wikipedia (revision used)
9
Wikimedia CommonsBanco Bilbao Vizcaya Argentaria photo by Zarateman, CC0
10
SEC EDGARBanco Bilbao Vizcaya Argentaria 10-K for fiscal 2018
11
SEC EDGARBanco Bilbao Vizcaya Argentaria 10-K for fiscal 2019
12
SEC EDGARBanco Bilbao Vizcaya Argentaria 10-K for fiscal 2020
13
SEC EDGARBanco Bilbao Vizcaya Argentaria 10-K for fiscal 2021
14
SEC EDGARBanco Bilbao Vizcaya Argentaria 10-K for fiscal 2022
15
NasdaqNasdaq calendar
16
SEC EDGARCapital Research Global Investors SCHEDULE 13G/A on Banco Bilbao Vizcaya Argentaria
17
SEC EDGARBlackRock SC 13G/A on Banco Bilbao Vizcaya Argentaria
18
SEC EDGARBanco Bilbao Vizcaya Argentaria SCHEDULE 13G/A on Polestar
19
SEC EDGARBanco Bilbao Vizcaya Argentaria 20-F filed Feb 20, 2026: cover page