BBVA completes the first €1 billion of its new share buyback programme
BBVA has completed the first tranche of the extraordinary €2 billion share buyback programme it announced at the end of July. Between 5 August and 1 October 2026, the bank repurchased shares worth €1 billion.
BBVA has purchased 40.204.840 shares, representing approximately 0.73 % of the bank’s share capital as of today. As with previous programmes, the repurchased shares will be used to reduce BBVA’s share capital through their cancellation.
BBVA offers a unique combination of growth and profitability, leading the European banking sector, which enables it to drive capital generation and shareholder distributions. In addition to an attractive ordinary shareholder distribution policy (an annual payout of between 40% and 50% of its consolidated ordinary profit), the bank maintains its commitment¹ to distribute any excess capital above its 12% CET1 target.
Including the share buyback programme whose first tranche has just been completed, BBVA has completed six share buyback programmes in recent years, three of them extraordinary (one of €3.16 billion between 2021 and 2022, another of €1 billion in 2023 and a third of €3.96 billion between 2025 and 2026). In addition, it has completed three other programmes as part of its ordinary shareholder distributions (€422 million charged against 2022, €781 million charged against 2023 and €993 million charged against 2024).
Meanwhile, the cash dividend per share paid by the bank over the past four years has tripled: it paid €0.92 per share against 2025 earnings, compared with €0.31 against 2021 earnings. BBVA announced that on 15 October it will pay its shareholders a gross cash dividend of €0.37 per share against 2026 earnings, the highest in its history.