BBVA Q3 2024 Earnings Report — Banco Bilbao Vizcaya Argentaria, S.A. Revenue & Financial Results | Market Cap Arena

Banco Bilbao Vizcaya Argentaria, S.A.BBVA

Q3 2024 Earnings

Reported September 28, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2024	Q2 2024	Q3 2023	QoQ Change	YoY Change
Revenue	$21.0B	$10.8B	—	94.3%	—
Op. Income	$4.5B	$5.1B	—	-10.5%	—
Gross Margin	92.0%	-16.0%	—	107.9pp	—
Net Margin	14.7%	30.3%	—	-15.6pp	—
EPS (Diluted)	$0.51	$0.56	—	-8.3%	—
Free Cash Flow	$17.9B	-$31.8B	—	156.4%	—

Revenue Flow

Item	Amount
REVENUE	$21.0B
Cost of Revenue	$1.7B
GROSS PROFIT	$19.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.5B
SG&A Expenses	$3.5B
Other Expenses	$11.3B
Operating Expenses	$14.8B
Cost & Expenses	$16.4B
OPERATING INCOME	$4.5B
Interest Income	$16.9B
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.5B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.1B
D&A	$428M
EBIT	$4.5B
EBITDA	$4.9B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$21.0B
Cost of Revenue	$1.7B
GROSS PROFIT	$19.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.5B
SG&A Expenses	$3.5B
Other Expenses	$11.3B
Operating Expenses	$14.8B
Cost & Expenses	$16.4B
OPERATING INCOME	$4.5B
Interest Income	$16.9B
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.5B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.1B
D&A	$428M
EBIT	$4.5B
EBITDA	$4.9B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.1B
Depreciation & Amortization	$426M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$27.7B
Change in Working Capital	$42.4B
OPERATING CASH FLOW	$18.2B
Capital Expenditure	-$334M
Acquisitions (Net)	-$11M
Purchases of Investments	$34.0B
Sales/Maturities of Investments	-$18.6B
Other Investing Activities	-$15.5B
NET CASH FROM INVESTING	-$512M
Net Debt Issuance	$794M
Common Stock Repurchased	-$533M
Common Dividends Paid	$0
Other Financing Activities	$426M
NET CASH FROM FINANCING	$686M
FREE CASH FLOW	$17.9B
Net Change in Cash	$15.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$105.5B
Short-Term Investments	$70.1B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$175.6B
PP&E (Net)	$10.9B
Goodwill	$804M
Intangible Assets	$1.9B
Long-Term Investments	$532.7B
Tax Assets	$0
Other Non-Current Assets	$177.5B
TOTAL NON-CURRENT ASSETS	$723.9B
TOTAL ASSETS	$899.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$664.4B
TOTAL CURRENT LIABILITIES	$664.4B
Long-Term Debt	$78.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$90.0B
TOTAL NON-CURRENT LIABILITIES	$168.7B
TOTAL LIABILITIES	$833.1B
Common Stock	$82.5B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$20.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$61.8B
Minority Interest	$4.5B
TOTAL EQUITY	$66.4B
TOTAL LIABILITIES & EQUITY	$899.5B
Total Debt	$78.7B
Net Debt	-$26.7B