BBVA shareholders to receive 37 cents per share on October 15, its highest interim dividend ever
On October 15, BBVA will pay its shareholders 37 cents per share in cash as a gross interim dividend against 2026 earnings. This amount is nearly 16 percent higher than in 2025 and represents the highest interim dividend in BBVA’s history. In total, the bank will distribute approximately €2.0 billion to its shareholders¹.
BBVA is in an exceptional position. In the first six months of 2026, it posted record first-half earnings (€6.051 billion), consolidating as the leading bank in terms of growth and profitability among its European peers.
Thanks to its earnings, BBVA continues to generate capital organically. This translates into a solid capital base (a CET1 ratio of 12.90 percent at the end of June 2026²), enabling it to continue growing strongly and offer attractive shareholder remuneration, both through its ordinary policy and its commitment³ to distribute excess capital above its 12 percent CET1 target.
In fact, the cash dividend per share paid by BBVA has increased year after year since 2021.
¹The final amount will depend on the number of shares outstanding at the close of the last trading day for BBVA shares entitled to participate in the distribution.
²Including the €2.0 billion share buyback program currently underway, the pro forma CET1 ratio at the end of June would be 12.41 percent.
³Subject to the relevant approvals and authorizations.
Nearly €14.2 billion for shareholders since 2025
In July 2025, when announcing its medium-term strategic targets, BBVA estimated that it would have €49 billion in top-quality capital (CET1), which would be used to fund the bank’s organic growth (at least €13 billion), with the remainder, around €36 billion, to be allocated to shareholder remuneration.
Since then, the bank has paid €5.2 billion in dividends against 2025 earnings and completed two share buybacks: one for €993 million as part of its ordinary 2024 shareholder remuneration and another extraordinary buyback of €3.96 billion. In addition, it has announced a further extraordinary €2 billion share buyback program, the first tranche of which is nearing completion. In total, nearly €14.2 billion, including the 2026 interim dividend to be paid on October 15. This figure demonstrates BBVA’s strong commitment to its shareholders.
BBVA’s share price has also delivered a strong performance during the current strategic cycle. Since January 2025, the share price has increased 2.6-fold, while total shareholder return (which takes into account both share price performance and dividends) has risen by 186%, meaning it has almost tripled⁴.