BBVA has completed a €993 million share buyback as part of its ordinary shareholder remuneration for the 2024 financial year, a move unveiled on October 31 and now finalized. This initiative aligns with the bank’s strategic objective to return €36 billion to shareholders through dividends and buybacks by 2028, with roughly €13 billion slated for distribution in the near term.
In line with this plan, BBVA paid an interim gross cash dividend of €0.32 per share on November 7, reflecting 2025 results and marking a 10% increase over 2024. In total, the group disbursed €1.84 billion to shareholders as interim cash dividends—the largest in BBVA’s history.
BBVA also signals plans for another substantial share buyback program, contingent on securing all required approvals and authorizations.
A broader view: more than €6 billion spent on buybacks over four years
Through this latest program, BBVA repurchased 54.3 million own shares, representing about 0.93% of its current share capital. Since November 2021, BBVA has executed buyback programs totaling €6.36 billion, equating to roughly 17% of its share capital.
These buybacks reduce the number of outstanding shares through cancellation, which tends to lift earnings per share (EPS). As a result, BBVA’s attributable profit rose by 31% in 2022, 21% in 2023, and 25% in 2024, while EPS climbed even more—by 48%, 26%, and 27% in those same years, respectively.
BBVA has now undertaken buybacks as part of its ordinary shareholder remuneration for the third time. Previously, the bank bought back €422 million of shares allocated to 2022 and €781 million allocated to 2023.
Beyond the ordinary program, BBVA completed two extraordinary buyback rounds: €3.16 billion between 2021 and 2022 (one of the largest in Europe at the time) and €1 billion in 2023.
(1) All actions are subject to approvals from governing bodies and mandatory regulatory clearances.
