Banco Santander (Brasil) S.A. (BSBR) Income Statement
BSBR 2025 at a glance
Fiscal year ended December 31, 2025 · Brazilian reaisBSBR revenue and net income
Where BSBR's revenue goes
2025Each bar shows an amount and its share of revenue. BSBR kept 8.4% of revenue as net income.
BSBR profit margins
BSBR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +17.5% | +11.0% | +24.4% | +10.4% |
| Gross profit | −5.1% | −0.2% | +6.2% | +11.6% |
| Operating income | −12.8% | −5.1% | +11.6% | — |
| Net income | −4.5% | −3.7% | −1.0% | +2.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BSBR income statement in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$151.54B | R$129.02B | R$121.36B | R$110.90B | R$75.34B | R$50.88B | R$75.47B | R$66.90B | R$74.36B | R$83.36B |
| Cost of revenue | R$109.84B | R$85.10B | R$85.82B | R$68.94B | R$28.85B | R$19.99B | R$32.20B | R$30.56B | R$39.78B | R$49.28B |
| Gross profit | R$41.70B | R$43.92B | R$35.54B | R$41.96B | R$46.50B | R$30.90B | R$43.27B | R$36.34B | R$34.57B | R$34.08B |
| Research & development | — | — | — | — | — | — | R$0 | R$0 | R$0 | R$0 |
| Sales, general & admin | R$19.37B | R$18.87B | R$18.07B | R$16.78B | R$15.76B | R$15.41B | R$17.18B | R$16.70B | R$14.71B | R$13.56B |
| Total operating expenses | R$24.97B | R$24.73B | R$23.62B | R$22.38B | R$21.74B | R$21.23B | R$20.99B | R$20.43B | R$20.06B | R$17.69B |
| Operating income | R$16.73B | R$19.19B | R$11.92B | R$19.57B | R$24.75B | R$9.66B | R$22.27B | R$15.91B | R$14.51B | R$16.38B |
| Interest income | R$162.49B | R$137.18B | R$126.36B | R$115.23B | R$77.99B | R$62.77B | R$72.84B | R$70.48B | R$71.42B | R$77.15B |
| Interest expense | R$104.86B | R$80.50B | R$81.40B | R$67.72B | R$26.67B | R$18.33B | R$28.52B | R$28.56B | R$36.47B | R$46.56B |
| Income before taxes | R$16.73B | R$19.19B | R$11.92B | R$19.57B | R$24.75B | R$9.66B | R$22.27B | R$15.91B | R$14.51B | R$16.38B |
| Income taxes | R$3.76B | R$5.78B | R$2.42B | R$5.24B | R$9.19B | −R$3.79B | R$5.64B | R$3.11B | R$5.38B | R$8.92B |
| Net income | R$12.77B | R$13.37B | R$9.45B | R$14.29B | R$15.53B | R$13.42B | R$16.41B | R$12.58B | R$8.92B | R$7.33B |
| EBITDA | R$19.35B | R$21.92B | R$14.66B | R$22.16B | R$27.18B | R$12.24B | R$24.67B | R$17.65B | R$16.18B | R$17.87B |
| Gross margin | 27.5% | 34.0% | 29.3% | 37.8% | 61.7% | 60.7% | 57.3% | 54.3% | 46.5% | 40.9% |
| Operating margin | 11.0% | 14.9% | 9.8% | 17.7% | 32.9% | 19.0% | 29.5% | 23.8% | 19.5% | 19.7% |
| Net margin | 8.4% | 10.4% | 7.8% | 12.9% | 20.6% | 26.4% | 21.7% | 18.8% | 12.0% | 8.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$38.90B | R$38.36B | R$42.47B | R$239.45B | R$34.57B | R$35.94B | R$35.34B | R$33.69B | R$29.25B | R$30.74B | R$31.70B | R$30.81B |
| Cost of revenue | R$29.44B | R$27.59B | R$30.24B | R$171.97B | R$26.70B | R$25.22B | R$22.19B | R$22.37B | R$20.21B | R$20.33B | R$21.45B | R$21.61B |
| Gross profit | R$9.46B | R$10.77B | R$12.23B | R$67.48B | R$7.87B | R$10.72B | R$13.15B | R$11.32B | R$9.04B | R$10.41B | R$10.25B | R$9.20B |
| Sales, general & admin | R$5.02B | R$5.13B | R$4.40B | R$28.94B | R$4.96B | R$5.03B | R$4.57B | R$4.82B | R$4.64B | R$4.73B | R$4.49B | R$4.56B |
| Total operating expenses | R$6.06B | R$6.06B | R$7.19B | R$41.55B | R$5.89B | R$6.10B | R$9.03B | R$5.94B | R$3.77B | R$6.00B | R$7.63B | R$5.71B |
| Operating income | R$3.39B | R$4.71B | R$5.04B | R$25.92B | R$1.98B | R$4.62B | R$4.12B | R$5.38B | R$5.27B | R$4.42B | R$2.62B | R$3.50B |
| Interest income | R$43.04B | R$42.43B | R$42.59B | — | R$40.65B | R$38.75B | R$36.61B | R$35.20B | R$32.76B | R$32.60B | R$32.63B | R$32.65B |
| Interest expense | R$27.24B | R$26.32B | R$28.82B | R$137.91B | R$25.71B | R$23.92B | R$21.18B | R$21.21B | R$18.90B | R$19.22B | R$20.34B | R$20.45B |
| Income before taxes | R$3.39B | R$4.71B | R$5.04B | R$25.92B | R$1.98B | R$4.62B | R$4.12B | R$5.38B | R$5.27B | R$4.42B | R$2.62B | R$3.50B |
| Income taxes | R$431.3M | R$1.43B | R$1.10B | R$6.28B | −R$3.0M | R$1.47B | R$1.05B | R$1.73B | R$1.64B | R$1.36B | R$553.9M | R$716.7M |
| Net income | R$2.89B | R$3.22B | R$3.90B | R$20.00B | R$1.93B | R$3.11B | R$3.06B | R$3.64B | R$3.62B | R$3.05B | R$2.05B | R$2.77B |
| EBITDA | R$4.05B | R$5.37B | R$5.69B | R$26.58B | R$2.61B | R$5.32B | R$4.81B | R$6.07B | R$5.94B | R$5.10B | R$3.29B | R$4.19B |
| Gross margin | 24.3% | 28.1% | 28.8% | 28.2% | 22.8% | 29.8% | 37.2% | 33.6% | 30.9% | 33.9% | 32.3% | 29.9% |
| Operating margin | 8.7% | 12.3% | 11.9% | 10.8% | 5.7% | 12.9% | 11.7% | 16.0% | 18.0% | 14.4% | 8.3% | 11.4% |
| Net margin | 7.4% | 8.4% | 9.2% | 8.4% | 5.6% | 8.6% | 8.7% | 10.8% | 12.4% | 9.9% | 6.5% | 9.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported in BSBR's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BSBR financial results
In fiscal year 2025 (ended December 31, 2025), Banco Santander reported revenue of R$151.5 billion, up 17.5% from the year before. It had net income of R$12.8 billion (down 4.5%), a net profit margin of 8.4%. Over five years revenue grew at an average rate of 24.4% a year. Figures are in Brazilian reais, the currency of its financial statements.
See the BSBR stock overview for the latest quote and news, or the BSBR chart for price history and technical indicators.
BSBR income statement FAQ
What is Banco Santander's annual revenue?
Banco Santander reported total revenue of R$151.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 17.5% from R$129.0 billion the previous year.
Is Banco Santander profitable?
Yes. Banco Santander reported net income of R$12.8 billion in fiscal 2025, a net profit margin of 8.4%; its operating margin was 11.0%.
What is Banco Santander's gross margin?
Banco Santander's gross margin was 27.5% in fiscal 2025: for every $100 of revenue, Banco Santander kept $28 after the direct cost of its products and services.
How fast is Banco Santander growing?
Revenue grew 24.4% a year on average over the last five fiscal years, from R$50.9 billion to R$151.5 billion.
When does Banco Santander's fiscal year end?
Banco Santander's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.