Santander's shares are listed on five markets: on four exchanges in Spain, in the US (as an ADR), in the UK (as a CDI), in Mexico (Sistema Internacional de Cotizaciones) and in Poland.

Check the different SAN share prices in the various markets. The share prices shown have a 15 minute delay.

The 2026 general shareholders’ meeting approved a final cash dividend of €12.50 cents per share against H2 2025 results, which was paid in May 2026.

Considering the interim cash dividend of €11.50 cents per share paid in November 2025, the total cash dividend per share paid against 2025 results was €24.00 cents, 14% higher than that paid against 2024 results.

On 3 February 2026, the board of directors approved the Second 2025 Buyback Programme worth up to €5,030 million, which has been completed.

This programme includes €1,830 million as part of our ordinary shareholder remuneration policy charged against H2 2025 results and the remaining amount corresponds to an extraordinary buyback of €3,200 million, equivalent to approximately 50% of the CET1 capital generated following completion of the Poland disposal.

This programme puts us on track to achieve our goal of distributing at least €10 billion through share buybacks charged against 2025 and 2026 results and against expected capital excess¹. Considering this programme, we have already carried out approximately 80% of this goal.

Considering the cash dividends and the two share buybacks as part of our ordinary payout policy, total shareholder remuneration charged against 2025 results will be around €7,030 million (approximately 50% of the Group’s 2025 net reported profit, excluding non-cash, non-capital ratios impact items), split almost evenly between cash dividends and share buybacks. This is a 12% increase compared to the ordinary shareholder remuneration charged against 2024 results.

The board of directors has approved to implement a share repurchase programme for an amount equivalent to c. 25% of the Group’s underlying profit in the first half of 2026 (i.e. approximately 1,825 million euros). The appropriate regulatory authorization for the new programme has already been obtained and the programme will be executed under the following terms.

^{1. As previously announced, Santander intends to allocate at least €10 billion to shareholders through share buybacks charged against 2025 and 2026 results and against the expected capital excess. This share buyback target includes: i) buybacks that are part of the existing shareholder remuneration policy; and ii) additional buybacks following the publication of annual results to distribute year-end excesses of CET1 capital. The implementation of the shareholder remuneration policy and additional buybacks is subject to corporate and regulatory decisions and approvals.}

Further information on shareholder remuneration can be found in the following sections of this website:

• Dividends
• Share buybacks and why they’re important to shareholders
• Prices of latest reinvestments (PDF 160 Kb) (Only available in Spanish)
• The most recent and historical dividend payments are shown in the table below.

Shareholder return

Here are the most relevant indexes:

Listed below are the increases/reductions in capital which Banco Santander has developed over the periods described.

As disclosed in the “other relevant information” filed with the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) on 20 August 2026 under registration number 42481, the board executive committee, in accordance with the delegations granted by the ordinary general shareholders’ meeting and the board of directors, resolved to increase the Bank’s share capital through non-cash contributions consisting of shares representing the common share capital of Webster Virginia Corporation ("Webster"), in accordance with the agreements entered into for the acquisition of that entity.

Banco Santander’s share capital has been increased by EUR 164,923,219 through the issuance of 329,846,438 own new shares. Consequently, the Bank’s share capital has been set at EUR 7,509,582,970, represented by 15,019,165,940 shares with a nominal value of EUR 0.50 each, all of them of the same class and series.

The public deed formalising the corporate resolutions relating to the capital increase and the consequent amendment of Article 5 of the Bank’s By-laws will be filed with the Commercial Registry of Santander which is expected to take place in the coming days. Thereafter, applications will be made for the admission to trading of the 329,846,438 new shares on the Spanish and foreign stock exchanges or stock markets on which the Bank’s shares are listed, as well as for the registration of the corresponding book-entry records with the competent authorities.