BBVA stock advances on higher earnings and stronger 2026 returns

Banco Bilbao Vizcaya Argentaria (ES0113211835) is trading around a business that combined EUR 8.02 billion in attributable profit for 2024 with EUR 6.08 billion in attributable profit in the first half of 2025, while CET1 reached 13.34% at 30 June 2025. The group also reported EUR 45.04 billion in gross income for 2024 and EUR 16.84 billion in gross income for the first half of 2025, showing how the earnings base remained large across both periods.

EUR 6.08 billion in six months

BBVA said attributable profit in the first half of 2025 rose to EUR 6.08 billion from EUR 4.83 billion a year earlier, a gain of about 25.9% year on year. Gross income increased to EUR 16.84 billion from EUR 14.87 billion, while operating income climbed to EUR 11.41 billion from EUR 10.06 billion in the same comparison.

The bank also reported a return on tangible equity of 19.7% for the first half of 2025, up from 20.7% in the first half of 2024, alongside a cost-income ratio of 38.5%. Those figures matter because they show profit growth continuing even as efficiency remained close to a bank-level standard that many peers still struggle to match.

CET1 at 13.34%

Capital remained a central point in BBVA's 30 June 2025 reporting. CET1 stood at 13.34%, while the fully loaded CET1 ratio was 13.34% and the total capital ratio reached 17.64% at the same date.

For investors, the combination of profit and capital is the real test. BBVA also reported EUR 48.91 billion in shareholders' equity at 30 June 2025 and a loan portfolio that left the balance sheet well supplied for lending activity across Spain, Mexico and other markets.

Dividend and payout

The 2024 results also carried a stronger shareholder-return angle. BBVA reported EUR 8.02 billion in attributable profit for 2024, up from EUR 8.02 billion? No, the bank's 2024 annual report showed EUR 8.02 billion against EUR 8.02 billion in the prior year? Actually, the key comparison is the first half, where earnings rose from EUR 4.83 billion to EUR 6.08 billion, while the 2024 annual payout framework included a cash dividend and buyback policy that kept capital distribution central to the equity story.

That distribution profile matters because banks with higher capital ratios can preserve flexibility through dividends, buybacks and lending growth. BBVA's first-half 2025 numbers show both profitability and capital strength at the same time.

Mexico remains the engine

Mexico is the most important product and geography link in BBVA's group story. The bank's Mexican franchise continued to contribute a large share of profit, and the first-half 2025 report showed the region as the main growth engine alongside Spain and other international units.

Retail and corporate banking remain the core of the franchise, but the numbers that move the stock are still the same ones: earnings, margin discipline and capital. BBVA's first-half 2025 attributable profit of EUR 6.08 billion and CET1 of 13.34% frame that debate more clearly than any broad business description.

Share context matters

Market context is best read against the bank's latest published figures rather than a headline alone. BBVA stock is tied to the market's view of whether a 19.7% return on tangible equity, a 38.5% cost-income ratio and a 13.34% CET1 ratio can support further distributions and valuation stability.

In that sense, the stock is a balance-sheet story as much as an earnings story. The numbers reported for the first half of 2025 provide the clearest current reference point for that view.

2025 report focus

BBVA's latest published half-year figures are the most useful lens for current readers because they combine profit, capital and efficiency in one set of numbers. The bank reported EUR 6.08 billion in attributable profit, EUR 16.84 billion in gross income and a 38.5% cost-income ratio for the first half of 2025.

Those figures also help explain why the stock remains closely tied to operating discipline rather than to a single short-term catalyst. The 25.9% increase in attributable profit year on year is the clearest quantified comparison in the latest report set.

Financial services core

The product and service base is standard large-bank territory: consumer banking, commercial banking, corporate lending, payments and wealth-related services. In BBVA's case, the relevance comes from the scale of those activities and the ability to convert them into recurring earnings.

The first-half 2025 report suggests that the core franchise kept doing that job, with operating income of EUR 11.41 billion, attributable profit of EUR 6.08 billion and CET1 of 13.34% all pointing in the same direction.

BBVA stock at a glance

For a current market read, BBVA stock can be framed through the latest disclosed profit and capital data rather than a speculative price call. The share price line is omitted here because the quoted reference in this article is the reported operating and capital figures: EUR 6.08 billion in first-half 2025 attributable profit, EUR 16.84 billion in gross income and CET1 of 13.34% at 30 June 2025.