BBVA Completes Another €1.0 Billion of Its Extraordinary Share Buyback Program

BBVA has repurchased a total of nearly 53 million shares under this tranche between March 23 and April 17 2026. These shares represent approximately 0.94 percent of its share capital as of today. The repurchased shares will be used to reduce BBVA’s share capital through cancellation.

Following the execution of this second tranche, €1.46 billion remains outstanding under the €3.96 billion¹ framework program announced on December 19, 2025.

Firm commitment to shareholders

BBVA maintains a strong capital base that allows it to continue growing robustly and to sustain attractive shareholder returns, both through its ordinary policy and through its commitment to progressively distribute any excess capital above its 12 percent CET1 target².

Share buybacks are one of the ways companies and financial institutions return capital to shareholders. In BBVA’s case, in addition to the €3.96 billion extraordinary program currently underway, a total of five share buyback programs have been implemented to date, two of them extraordinary (€3.16 billion between 2021 and 2022 and €1 billion in 2023) and three as part of ordinary shareholder remuneration (€422 million against 2022 earnings, €781 million against 2023 earnings and €993 million against 2024 earnings).

(1) The remaining amount of the share buyback program (approximately €1.5 billion, representing the difference between the nearly €4.0 billion total less the €1.5 billion executed under the first tranche and the €1 billion executed in this second tranche) is subject to approval by the corresponding governing bodies.

(2) Subject to relevant approvals and authorizations.