EarningsQ2 2026 Earnings Report
DE:BBVA Q2 2026 EPS Results
Actual EPS€0.55
Consensus EPS€0.53
Beat/MissBeat by +€0.02
One Year Ago EPS€0.46
DE:BBVA Q2 2026 Revenue Results
Actual Revenue€22.84B
Expected Revenue€10.54B
Beat/MissBeat by +€12.30B
YoY Revenue Growth+24.99%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
DE:BBVA Upcoming Earnings
Banco Bilbao's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:BBVA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized record earnings, strong loan and revenue growth, improved profitability metrics, sustained capital generation and proactive capital returns (share buybacks), together with technology and AI progress. These positive outcomes were balanced against non-recurring expense items, QoQ normalization in trading income, localized asset-quality pressure (notably Turkey and Argentina), and some spread sensitivity in Spain. Management upgraded guidance for key regions (Mexico, South America) and reiterated disciplined capital policy and RWA/SRT optimization. On balance, positives materially outweigh the challenges.Company Guidance
Record Earnings and Strong Profitability
Net attributable profit of EUR 3.062 billion in Q2 (+11.4% YoY, +2.4% QoQ) and EUR 6.051 billion in H1. Return on tangible equity of 22.2% and return on equity of 21.1% for the first half; EPS up 15.2% YoY.
Robust Shareholder Value Creation & Capital Actions
Tangible book value per share plus dividends rose 17.3% YoY and 5.4% QoQ (21.8% YoY ex-share buybacks). CET1 improved 7 bps in the quarter to 12.90%. Completed EUR 4bn buyback (finishing early August) and launched a new EUR 2bn extraordinary buyback (first tranche EUR 1bn starting Aug 5). Pro forma CET1 after new program ~12.41%.
Strong Revenue Momentum — Core Revenues Driving Growth
Net interest income up 17.8% YoY (Q2) and +2.1% QoQ; net fees +16.2% YoY; net trading income +13% YoY (although normalized QoQ). Gross income increased ~15.7% YoY and broadly stable QoQ; core revenues cited as main driver of net profit growth.
Exceptional Loan and Activity Growth
Group loan book grew 17.7% YoY at constant euros (~20% in current euros). Spain loans +7.4% YoY; Mexico near 10% YoY. Lending growth highlighted across consumer, credit cards and private enterprises.
Market Share Gains in Key Franchises
Since end-2020 Spain total loan market share up 84 bps (consumer +276 bps, enterprises +249 bps). BBVA Mexico total loan market share up 272 bps to 26.17%.
Efficiency and Expense Discipline (Adjusted)
Group efficiency ratio 37.8% (reported), with management noting it is better than annual guidance. Excluding two non-recurring items (voluntary redundancies and VAT regularization), first-half cost growth would be ~14.5% and efficiency would have improved by 77 bps in H1.
Regional Outperformance — Mexico & South America Upgrades
BBVA Mexico H1 net attributable profit ~EUR 3bn (H1 +8.2% YoY in constant euros); guidance upgraded: loan growth ~10% and NII growth high single digits, cost of risk to end below 335 bps. South America H1 net profit EUR 556m (+33.6% YoY current euros); gross revenues guidance upgraded to high teens growth.
Capital Optimization via SRTs and RWA Management
SRT transactions contributed +6 bps CET1 in the quarter; 18 bps of SRT benefit in H1 and >EUR 6bn RWAs released in H1. Management expects SRTs of ~30–40 bps pa (aiming higher end).
AI Transformation Progress
Over 100,000 employees actively using AI tools. 'The Eight' roadmap in place and a framework to create, deploy and manage AI agents at scale launched; dedicated AI transformation unit established. More details planned for Oct 6 strategic talks.
DE:BBVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed