Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) Balance Sheet

NYSE: BBVAAssets, liabilities, debt and equity over 10 years.

BBVA balance sheet, 2025

December 31, 2025 · euros

€859.58B assets = €797.78B liabilities + €61.80B equity

What it owns€859.58BCash & ST investments: €275.94B (32.1%)Cash & ST investments€275.94B · 32%Receivables: €460.40B (53.6%)Receivables€460.40B · 54%PP&E: €9.48B (1.1%)Goodwill & intangibles: €5.71B (0.7%)LT investments: €268.64B (31.3%)LT investments€268.64B · 31%Other non-current: €299.79B (34.9%)Other non-current€299.79B · 35%=How it is financed€859.58BCurrent liabilities: €633.09B (73.7%)Current liabilities€633.09B · 74%Long-term debt: €81.84B (9.5%)Long-term debt €81.84BOther LT liabilities: €82.84B (9.6%)€82.84BShareholders’ equity: €61.80B (7.2%)

Both columns are drawn to the same scale: what BBVA owns equals what it owes plus shareholders’ equity. Hover a block for its value.

BBVA financial health

Debt / equity1.43
Moderate leverage · €1.43 of debt for each $1 of equity
Cash / debt337.2%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.7%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

BBVA balance sheet trends, 2016–2025

MetricTrendThenLatestChange
Total assets€731.86B2016€859.58B2025+1.8%/yr
Total liabilities€676.43B2016€797.78B2025+1.9%/yr
Shareholders’ equity€47.36B2016€57.36B2025+2.1%/yr
Cash & short-term investments€183.09B2016€275.94B2025+4.7%/yr
Total debt€118.54B2016€81.84B2025−4.0%/yr
Net cash (debt)€64.55B2016€194.10B2025+€129.6B
Working capital−€286.40B2016−€357.15B2025−€70.7B
Debt / equity2.5020161.432025−1.08
Shares outstanding6.59B20165.97B2025−1.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

BBVA assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

BBVA liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BBVA debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

BBVA balance sheet in euros

2025202420232022202120202019201820172016
Assets
Cash & short-term investments€275.94B€153.57B€177.95B€178.37B€134.96B€208.37B€123.41B€118.69B€174.40B€183.09B
Cash & equivalents€93.95B€59.88B€82.61B€84.25B€74.56B€72.90B€62.23B€71.30B€50.14B€49.17B
Short-term investments€181.99B€93.69B€95.34B€94.12B€60.39B€135.47B€61.18B€56.34B€124.26B€133.91B
Receivables€460.40B€31.69B€25.10B€25.99B€29.10B€25.15B€27.75B€28.87B€33.51B€35.05B
Inventory€0€0−€255.25B−€153.25B−€143.63B−€229.65B−€117.96B€2.34B€5.28B€6.24B
Other current assets€0€0€255.25B€153.25B€149.88B€219.03B€117.96B€0€0€0
Total current assets€275.94B€185.27B€203.04B€204.36B€170.30B€222.90B€151.16B€147.56B€185.97B€195.10B
Property, plant & equipment (net)€9.48B€9.51B€9.05B€8.44B€7.11B€8.03B€10.07B€7.23B€7.00B€8.25B
Goodwill & intangible assets€5.71B€2.49B€2.36B€2.16B€2.20B€2.35B€11.92B€14.49B€8.46B€9.79B
Long-term investments€268.64B€239.34B€263.38B€221.97B€226.77B€235.90B€211.01B€187.01B€162.56B€185.90B
Other non-current assets€299.79B€335.81B€297.73B€275.16B€256.51B€264.63B€314.53B€320.40B€326.06B€332.81B
Total assets€859.58B€772.40B€775.56B€712.09B€662.88B€733.80B€698.69B€676.69B€690.06B€731.86B
Liabilities
Accounts payable€502.50B——€459.81B€407.30B€404.53B€39.0M€430.03B€427.87B€160.0M
Short-term debt€110.33B€68.67B€105.16B€54.52B€54.38B€41.81B€269.0M€42.99B€40.08B€41.93B
Deferred revenue——————€230.0M———
Total current liabilities€633.09B€573.68B€577.00B€507.75B€443.22B€426.81B€269.0M€528.46B€451.77B€481.51B
Long-term debt€81.84B€69.87B€68.71B€55.43B€55.76B€64.59B€68.62B€63.97B€63.91B€76.38B
Lease obligations€1.46B€1.47B€1.51B€1.40B€2.56B€2.67B€3.33B€0€0€0
Other long-term liabilities€82.84B€68.84B€74.59B€98.39B€115.14B€192.38B€0€559.84B€121.05B€118.55B
Total liabilities€797.78B€712.39B€720.29B€661.57B€614.12B€683.78B€643.77B€623.81B€636.74B€676.43B
Shareholders' equity
Common stock & paid-in capital€76.23B€2.82B€2.86B€2.96B€3.27B€3.27B€3.27B€3.27B€3.27B€3.22B
Retained earnings (deficit)€56.86B€50.75B€44.26B€39.07B€36.49B€31.81B€26.40B€23.02B€27.26B€25.32B
Treasury stock——————−€62.0M−€296.0M−€96.0M−€48.0M
Accumulated other comprehensive income−€18.87B−€17.07B−€15.19B−€16.02B−€18.87B−€14.52B−€7.24B−€7.21B−€6.96B−€3.66B
Minority interest€4.44B€4.36B€3.56B€3.62B——€0€0€0€0
Total shareholders' equity€57.36B€55.65B€51.70B€46.90B€43.91B€44.55B€54.92B€52.88B€46.34B€47.36B
Key figures
Total debt€81.84B€144.43B€179.35B€114.64B€116.09B€110.80B€68.89B€63.97B€103.99B€118.54B
Net cash (debt)€194.10B€9.15B−€1.40B€63.73B€18.86B€97.57B€54.52B€54.72B€70.41B€64.55B
Working capital−€357.15B−€388.42B−€373.95B−€303.40B−€272.92B−€203.91B€150.89B−€380.90B−€265.80B−€286.40B
Tangible book value€51.65B€53.16B€49.34B€44.74B€41.71B€42.20B€43.00B€38.38B€37.88B€37.58B
Shares outstanding5.97B5.77B5.95B6.19B6.40B6.65B6.65B7.01B6.70B6.59B
Current ratio0.440.320.350.400.380.52561.940.280.410.41
Quick ratio1.160.320.350.400.370.55561.940.280.460.45
Debt / equity1.432.603.472.442.642.491.251.212.242.50
Equity / assets6.7%7.2%6.7%6.6%6.6%6.1%7.9%7.8%6.7%6.5%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed February 20, 2026); data from EODHD.

BBVA financial position

At the end of fiscal 2025 (December 31, 2025), Banco Bilbao Vizcaya Argentaria had total assets of €859.6 billion (up 11.3% from a year earlier), total liabilities of €797.8 billion and shareholders' equity of €57.4 billion. It held €275.9 billion in cash and short-term investments against €81.8 billion of debt, a net cash position of €194.1 billion. Its current ratio was 0.44. In the latest quarter (ended June 30, 2026) total assets were €965.4 billion and equity €59.0 billion.

Related: BBVA income statement, BBVA cash flow statement, BBVA key metrics. See the BBVA stock overview for the latest quote and news.

BBVA balance sheet FAQ

What are Banco Bilbao Vizcaya Argentaria's total assets?

Banco Bilbao Vizcaya Argentaria reported total assets of €859.6 billion at the end of fiscal 2025 (December 31, 2025), compared with €772.4 billion a year earlier.

How much debt does Banco Bilbao Vizcaya Argentaria have?

Banco Bilbao Vizcaya Argentaria had €81.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.43.

How much cash does Banco Bilbao Vizcaya Argentaria have?

Banco Bilbao Vizcaya Argentaria held €275.9 billion in cash and short-term investments at the end of fiscal 2025; with €81.8 billion of debt that is net cash of €194.1 billion.

What is Banco Bilbao Vizcaya Argentaria's book value?

Banco Bilbao Vizcaya Argentaria's shareholders' equity (book value) was €57.4 billion at the end of fiscal 2025.

What is Banco Bilbao Vizcaya Argentaria's current ratio?

Banco Bilbao Vizcaya Argentaria had current assets of €275.9 billion and current liabilities of €633.1 billion, a current ratio of 0.44 (current liabilities exceed current assets).

How much goodwill does Banco Bilbao Vizcaya Argentaria have?

Banco Bilbao Vizcaya Argentaria carried €5.7 billion of goodwill and intangible assets, 0.7% of total assets, at the end of fiscal 2025.

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