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Global Spanish bank with major retail and corporate banking franchises in Spain, Mexico, Turkey, and South America.
Global Spanish bank with major retail and corporate banking franchises in Spain, Mexico, Turkey, and South America.
Mexico, through BBVA Mexico, is now the single biggest profit contributor, ahead of Spain, with Turkey and South America smaller. It earns mainly on the lending spread plus fees. It sold its US bank to PNC in 2021, and a hostile bid for Sabadell failed in 2025.
In one line: A Spanish regional bank with outsized Mexico/Turkey exposure.
Moat: narrow (scale, brand, distribution). Leading digital and retail banking scale in Mexico and Turkey, markets where few European banks compete.
Headquarters: Bilbao, Spain · Founded: 1857 · Employees: 127,174
Size Banco Bilbao Vizcaya Argentaria (BBVA.MC) is a Spain Financials company (Major Banks) with a market value of $140B, the 4th largest of 97 Spain companies the cockpit tracks. Shares closed at €22.73 on 6 Nov 2026.
Performance Over six months the shares gained 19.9%, against +9.9% for the median peer and +8.2% for the Spain market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 8.9% over the last twelve months (peer median +3.0%); the operating margin is 49.2% (peer median 36.2%).
Valuation It trades at 2.15× book value against a peer median of 1.59× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 24.8%; Banco Bilbao Vizcaya Argentaria delivers 19.6%, so the price asks more than the business earns today.
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €88.4B | €79.5B | €83.1B | €63.8B | €45.0B |
| Revenue growth | — | -4% | +30% | +42% | — |
| Net income | €11.3B | €10.1B | €9.67B | €7.67B | €6.04B |
| Free cash flow | €119B | €117B | €32.7B | €76.0B | €64.3B |
| Capital expenditure | €2.11B | €1.81B | €2.01B | €1.82B | €2.44B |
| Total debt | €207B | €180B | €154B | €188B | €161B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Banco Bilbao Vizcaya Argentaria BBVA.MC | $140B | +20% | +9% | 20% | 2.15× | 24.8% |
| Banco Santander SAN.MC | $174B | +4% | +15% | 13% | 1.40× | 17.1% |
| Citigroup C | $200B | -5% | +5% | 9% | 1.03× | 10.9% |
| CaixaBank CABK.MC | $91.9B | +7% | -2% | 16% | 2.05× | 13.3% |
| Banco de Sabadell SAB.MC | $19.2B | +8% | -35% | 5% | 1.40× | 15.5% |
| Bankinter BKT.MC | $14.5B | +4% | 0% | 18% | 1.87× | 12.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BBVA.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.3% | +2.9% | 7th lowest of 21 |
| 6-month return | +19.9% | +9.9% | 4th highest of 21 |
| Return on equity | 19.6% | 12.9% | highest of 21 |
| Price / book | 2.15× | 1.59× | 4th most expensive of 21 |
| Trailing P/E | 11.2× | 12.2× | 6th cheapest of 20 |
| ROE the price implies | 24.8% | 14.4% | 4th most demanding of 21 |
| ROE delivered | 19.6% | 12.9% | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Banco Bilbao Vizcaya Argentaria BBVA.MC | Spain | $140B | +20% | +9% | 20% | 2.15× | 24.8% | 19.6% |
| Sumitomo Mitsui Financial 8316.T | Japan | $145B | +35% | +11% | 11% | 1.42× | 10.0% | 11.2% |
| UniCredit UCG.MI | Italy | $130B | +6% | +2% | 17% | 1.77× | 25.8% | 17.3% |
| HDFC Bank HDFCBANK.NS | India | $129B | -1% | +5% | 14% | 2.00× | 24.8% | 13.9% |
| DBS D05.SI | Singapore | $155B | +19% | -5% | 16% | 2.83× | 21.4% | 16.3% |
| Capital One COF | United States | $121B | +7% | +26% | 9% | 1.11× | 11.1% | 9.3% |
| Intesa Sanpaolo ISP.MI | Italy | $120B | +6% | -6% | 16% | 1.81× | 20.7% | 16.4% |
| Bank of Montreal BMO.TO | Canada | $120B | +16% | -2% | 11% | 2.14× | 16.4% | 10.6% |
| China Merchants Bank 600036.SS | China | $164B | +12% | +9% | 14% | 0.94× | 5.4% | 13.6% |
| Cm Bank 3968.HK | Hong Kong | $165B | +16% | +3% | 13% | 0.99× | 10.2% | 13.3% |
| BNP Paribas BNP.PA | France | $114B | 0% | +8% | 11% | 0.84× | 10.4% | 10.9% |
| Bank of Nova Scotia BNS.TO | Canada | $114B | +21% | -3% | 12% | 1.99× | 16.3% | 11.6% |
| Banco Santander SAN.MC | Spain | $174B | +4% | +15% | 13% | 1.40× | 17.1% | 13.1% |
| Mizuho Financial 8411.T | Japan | $110B | +7% | +6% | 13% | 1.52× | 11.5% | 12.5% |
| Bank of Communications 3328.HK | Hong Kong | $107B | +19% | +3% | 8% | 0.55× | 4.8% | 8.3% |
| Commonwealth Bank of Australia CBA.AX | Australia | $194B | +9% | +1% | 14% | 3.56× | 33.3% | 13.9% |
| Citigroup C | United States | $200B | -5% | +5% | 9% | 1.03× | 10.9% | 9.1% |
| Oversea-Chinese Banking O39.SI | Singapore | $97.6B | +23% | -3% | 13% | 2.02× | 14.9% | 13.2% |
| Toronto-Dominion Bank TD.TO | Canada | $208B | +18% | -11% | 13% | 2.48× | 15.3% | 12.8% |
| U.S. Bancorp USB | United States | $92.6B | +8% | +1% | 13% | 1.55× | 13.9% | 12.8% |
| ING Groep INGA.AS | Netherlands | $89.8B | +11% | +7% | 14% | 1.63× | 12.5% | 13.6% |