BBVA to pay €0.60 per share in cash this Friday, the second payment of a record 2025 dividend

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 distribute any excess capital above the upper end of its CET1 target range (12 percent)¹.

BBVA’s shareholder remuneration policy foresees an annual payout of between 40 and 50 percent of consolidated profit and may combine cash dividends—usually in two payments, interim and final—with share buybacks.

In addition to the execution of this policy, BBVA has completed two extraordinary share buybacks in recent years: €3.16 billion between 2021 and 2022 and €1 billion in 2023. Furthermore, in December 2025, BBVA announced a new extraordinary buyback programme of close to €4 billion, the largest in its history, whose first tranche, of €1.5 billion, ended on March 6 and whose second tranche, of €1 billion, began on March 23².

¹ Subject to the approval and corresponding authorizations.

2 The remaining amount of the share buyback program (approximately €1.5 billion, which is the result of the nearly €4.0 billion minus the €1.5 billion tranche already finalized and the €1 billion of the second tranche under way) is subject to the approval of the corresponding governing bodies.