| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 56 | 12.7x | 17.8x | Around median | |
Growth | 46 | 11.0% | 7.1% | Around median | |
Quality | 92 | — | — | Top tier | |
Safety | 10 | — | — | Bottom tier | |
Capital Return | 63 | 3.01% | 2.12% | Around median | |
Momentum | 96 | 53.2% | 2.9% | Top tier | |
Sentiment | 74 | 12 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Banco Bilbao Vizcaya Argentaria, S.A. is an international bank that generates its income primarily from net interest income on loans, fees and commissions from payments, asset management, credit cards, and CIB activities, as well as trading income. Its largest franchises are concentrated in Spain and Mexico, with operations in Turkey and South America, and digital banking businesses in Italy and Germany; its growth also depends on customer acquisition, increased transactions, retail and corporate financing, and expanding cross-border relationships with CIB clients.
In Q2 FY2026, BBVA recorded revenue of $10.5 billion, gross profit of $8.8 billion, net income of $3.1 billion, and earnings per share of $0.53. According to the results presentation, net profit attributable to shareholders reached €3.062 billion, up 11.4% year over year and 2.4% from the previous quarter, while earnings per share grew 15.2% year over year, and gross income increased 15.7% year over year due to 17.8% growth in net interest income and 16.2% growth in fees and commissions.
The earnings mix reflects broad geographic diversification but gives Mexico significant weight; Spain generated net profit of €1.1 billion in Q2 FY2026, and Mexico recorded €3 billion during H1 FY2026, while Turkey generated €269 million, South America €308 million, and the rest of the businesses €271 million during the quarter. Return on tangible equity was 22.2% and the efficiency ratio was 37.8% during H1 FY2026, with the CET1 capital ratio reaching 12.90%.
The stock's 52-week range extends from $17.77 to $29.32, a spread of $11.55 equal to around 65% of the lower bound, a range that reflects valuation sensitivity to interest rate and risk expectations in Mexico and Turkey. The analyst consensus rating of “Buy” is supported by earnings per share of $1.88 for 2026 TTM and the increase in return on tangible equity guidance to around 21%, but the wide 52-week range keeps repricing risk present.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
Net profit attributable to shareholders reached €3.062 billion in Q2 FY2026, up 11.4% year over year and 2.4% from the previous quarter. Net interest income grew 17.8% and fees and commissions 16.2% year over year, driven by lending, payments, asset management, and CIB. The loan book also grew 17.7% in constant currencies, and earnings per share increased 15.2% year over year.
Mexico generated net profit of €3 billion during H1 FY2026, equivalent to nearly half of the group's €6.051 billion net profit. Lending there grew around 10%, and net interest income increased 8.9% year over year in constant currencies, while loan market share reached 26.17%. Management raised its FY2026 outlook to loan growth of around 10%, high-single-digit net interest income growth, and a cost of risk below 335 basis points.
The bank was completing a €4 billion buyback program on August 3, 2026. It announced an additional extraordinary €2 billion program, with its first €1 billion tranche beginning on August 5, 2026. The CET1 ratio was around 12.90% in Q2 FY2026, versus a target range of 11.5% to 12%, with management committed to distributing excess capital.
Automated analysis for informational purposes only — not investment advice.
Turkey recorded net profit of €269 million in Q2 FY2026 and €532 million during H1. Net interest income declined quarter over quarter due to higher funding costs and a narrower customer spread in Turkish lira, while the cost of risk was 236 basis points year to date in FY2026. Management raised its FY2026 cost of risk outlook from 200 to around 220 basis points, while the profit outlook remained near €1 billion with a slight downside bias.
More than 100 thousand BBVA employees were using AI tools within the bank's controls in Q2 FY2026. The bank is implementing The Eight roadmap to embed artificial intelligence in key functions, along with a unified framework for creating and deploying AI agents and managing their governance, security, and performance. On the credit risk side, direct loans to software and information technology services companies totaled around €700 million to €800 million, while data center exposure represented 0.7% of exposure at default.
The group's cost of risk was 143 basis points in H1 FY2026, down from 154 basis points in the previous quarter, and it was expected to remain near this level at the end of FY2026. In Spain, the non-performing loan ratio declined to a record low of 2.86% and coverage increased to 71%, while the cost of risk was 31 basis points. However, retail portfolios in Turkey and Argentina required higher provisions, making the maintenance of credit quality dependent on developments in the economic environment in those two markets.
