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Mar 31
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BBVA Q1 2025 Earnings Report
BBVA delivered strong results in Q1 2025 with double-digit growth in net income and operating income.
Key Takeaways
BBVA reported a robust first quarter, driven by solid recurring revenues, improved efficiency, and strong net income growth despite inflationary pressures in key markets.
Net attributable profit rose 22.7% to €2,698M
Operating income increased 19.2% year-on-year
Efficiency ratio improved to 38.2%
Sustainable business channeling reached €28.8B in Q1 2025
BBVA
BBVA
BBVA Revenue by Geographic Location
Revenue by Geographic Location
Spain Revenue
CapyFin.comMexico Revenue
CapyFin.comTurkey Revenue
CapyFin.comSouth America Revenue
CapyFin.comRest of Business Revenue
CapyFin.com Forward Guidance
BBVA expects continued solid earnings growth in 2025, driven by recurring revenue expansion, efficiency gains, and robust asset quality, despite macroeconomic uncertainties.
Positive Outlook
- Strong momentum in recurring banking revenues
- Continued efficiency improvements
- Solid asset quality and lower cost of risk
- Positive growth outlook in Mexico and Spain
- Expansion of sustainable business initiatives
Challenges Ahead
- Potential inflationary pressures in emerging markets
- Macroeconomic uncertainty due to US policy shifts
- Currency volatility risk, especially in Turkey and Latin America
- Pending regulatory approvals for merger initiatives
- Higher provisions expected in some regions
Revenue & Expenses
Visualization of income flow from segment revenue to net income