Banco Santander (Brasil) (BSBR) Financial Statements & Analysis

Banco Santander (Brasil) (BSBR) Income Statement

Banco Santander (Brasil) reported revenue of BRL 46.68B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 63.8% from BRL 129.02B a year earlier. Net income was BRL 12.77B, down 4.5% year over year, a net margin of 27.3%. Gross margin was 89.3% and operating margin 35.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was BRL 38.90B, up 12.5% from the same quarter a year earlier.

Banco Santander (Brasil) Income Statement Analysis

Values in billions BRL

Income Statement Balance Sheet Cash Flow Ratios

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Banco Santander (Brasil) S.A. income statement - Annual data in billions BRL
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	46.68	129.02	39.97	110.90	75.34	50.88	75.47	66.90	74.36
Cost of Revenue	109.84	85.10	85.82	68.94	28.85	19.99	32.20	30.56	39.78
Gross Profit	41.70	43.92	35.54	41.96	46.50	30.90	43.27	36.34	34.57
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	19.37	18.87	18.07	16.78	15.76	15.41	17.18	16.70	14.71
Operating Expenses	24.97	24.73	23.62	22.38	21.74	21.23	20.99	20.43	20.06
Operating Income	16.73	19.19	11.92	19.57	24.75	9.66	22.27	15.91	14.51
Other Income/Expense
Interest Income	162.49	137.18	128.28	115.23	77.99	62.77	72.84	70.48	71.42
Interest Expense	104.86	80.50	81.40	67.72	26.67	18.33	28.52	28.56	36.47
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	16.73	19.19	11.92	19.57	24.75	9.66	22.27	15.91	14.51
Income Tax Expense	3.76	5.78	2.42	5.24	9.19	-3.79	5.64	3.11	5.38
Net Income	12.77	13.37	9.45	14.29	15.53	13.42	16.41	12.58	8.92
Net Income - Continuous Operations	12.97	13.37	9.50	14.29	15.53	13.42	16.41	12.58	8.92
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	19.35	21.92	14.66	22.16	27.18	12.24	24.67	17.65	16.18
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	2.63	2.73	2.74	2.59	2.43	2.58	2.39	1.74	1.66
Earnings Per Share
Basic EPS	2.00	1.00	1.00	2.00	2.00	2.00	2.00	2.00	1.00
Diluted EPS	2.00	1.00	1.00	2.00	2.00	2.00	2.00	2.00	1.00
Basic Shares Outstanding	3.80	7.46	3.80	7.44	7.47	7.46	7.47	7.48	7.51
Diluted Shares Outstanding	3.80	7.46	3.80	7.51	7.47	7.46	7.47	7.49	7.51

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Banco Santander (Brasil) Financial Statements

What was Banco Santander (Brasil)'s revenue in fiscal 2025?

Banco Santander (Brasil) reported revenue of BRL 46.68B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 63.8% from BRL 129.02B a year earlier.

Is Banco Santander (Brasil) profitable?

Yes. Banco Santander (Brasil) earned net income of BRL 12.77B in fiscal 2025, a net margin of 27.3%. In fiscal 2024 it earned BRL 13.37B.

What is Banco Santander (Brasil)'s operating margin?

Banco Santander (Brasil)'s operating income was BRL 16.73B on revenue of BRL 46.68B in fiscal 2025, an operating margin of 35.8%, compared with 14.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition