Quarterly ResultApr 30, 2026, 06:42 AM
BBVA Q1 Profit +10.8% to €2.99B; Gross Income +14.2%; €2.5B Buyback Completed
AI Summary
BBVA reported a 10.8% increase in profit attributable to the parent company for Q1 2026, reaching €2,989 million, alongside a 14.2% rise in gross income to €10,652 million. The company also completed two tranches of its share buyback program, totaling €2.5 billion, and announced an agreement to sell its Romanian subsidiaries. Segment-wise, Mexico contributed the largest share of profit, while Spain and Turkey also showed growth.
Key Highlights
- Completed First Tranche of share buyback, acquiring 74,963,302 shares for €1,500M.
- Completed Second Tranche of share buyback, acquiring 52,800,888 shares for €1,000M.
- Q1 2026 profit attributable to parent company increased 10.8% to €2,989M.
- Q1 2026 gross income rose 14.2% to €10,652M.
- Mexico segment profit was €1,453M, representing 44.1% of operating segment profit.
- Spain segment profit was €1,095M, representing 33.2% of operating segment profit.
- Turkey segment profit was €263M, up from €158M in Q1 2025.
- Agreement to sell 100% of Garanti BBVA’s Romanian subsidiaries.