XML 105 R86.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Note 19 (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Tax Assets And Liabilties [Abstract] |
Reconciliation of taxation at the Spanis corporation tax rate to the tax expense recorded for the year [Table Text Block] | The reconciliation of the Group’s corporate income tax expense resulting from the application of the Spanish corporation income tax rate and the income tax expense recognized in the consolidated income statements is as follows:
Reconciliation of taxation at the Spanish corporation tax rate to the tax expense recorded for the year (Millions of Euros)
| 2024 | 2023 | 2022 ⁽¹⁾
| Amount | Effective tax % | Amount | Effective tax % | Amount | Effective tax %
Profit or (-) loss before tax | 15,405 |  | 12,419 |  | 10,268 |
From continuing operations | 15,405 |  | 12,419 |  | 10,268 |
From discontinued operations | — |  | — |  | — |
Taxation at Spanish corporation tax rate 30% | 4,622 |  | 3,726 |  | 3,080 |
Lower/higher effective tax rate from foreign entities ⁽²⁾ | 193 |  | 2 |  | 317 |
Mexico | (180) | 28 | % | (194) | 27 | % | (203) | 26 | %
Chile | (2) | 23 | % | (4) | 11 | % | (8) | 13 | %
Colombia | (1) | 29 | % | (25) | 14 | % | 24 | 37 | %
Peru | (44) | 23 | % | (55) | 20 | % | (16) | 27 | %
Turkey | 498 | 62 | % | 314 | 57 | % | 621 | 70 | %
USA | (14) | 26 | % | 5 | 33 | % | 17 | 17 | %
Others | (64) |  | (39) |  | (118) |
Revenues with lower tax rate (dividends/capital gains) | (44) |  | (26) |  | (25) |
Equity accounted earnings | (14) |  | (8) |  | (6) |
Other effects ⁽³⁾ | 73 |  | 309 |  | 139 |
Income tax | 4,830 |  | 4,003 |  | 3,505 |
Of which: Continuing operations | 4,830 |  | 4,003 |  | 3,505 |
Of which: Discontinued operations | — |  | — |  | — |
(1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) Calculated by applying the difference between the tax rate in force in Spain and the one applied to the Group’s earnings in each jurisdiction. (3) Regarding 2024, it shows the net impact of several tax effects that include, among others, (i) the accounting record of the impact associated with the declaration of unconstitutionality of certain measures relating to the Spanish Corporate Income Tax introduced by Royal Decree-Law 3/2016, as well as the impact of some of the measures introduced by Law 7/2024 on Corporate Income Tax that, in particular, are aimed at reinstating the measures declared unconstitutional, (ii) the non-deductibility of the temporary taxation of credit institutions recorded for accounting purposes in the year 2024 (see Note 19.6), and (iii) the effects of the limitation of the exemption on intra-group dividends and the withholding taxes associated with them.
Effective tax rate [Table Text Block] | The effective income tax rate for the Group in the years ended December 31, 2024, 2023 and 2022 is as follows:
Effective tax rate (Millions of Euros)
| 2024 | 2023 | 2022 ⁽¹⁾
Income from: |  |  |
Consolidated tax group in Spain | 4,810 | 2,601 | 2,206
Other Spanish entities | (41) | 6 | (462)
Foreign entities | 10,636 | 9,812 | 8,524
Gains (losses) before taxes from continuing operations | 15,405 | 12,419 | 10,268
Tax expense or income related to profit or loss from continuing operations ⁽²⁾ | 4,830 | 4,003 | 3,505
Effective tax rate | 31.4 | % | 32.2 | % | 34.1 | %
(1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3). (2) In 2024, €3,970 million and €860 million corresponded to current tax expenses and deferred tax expenses, respectively.
Tax assets and liabilities [Table Text Block] | The balance under the heading "Tax assets" in the consolidated balance sheets includes the balances receivable from the tax authorities relating to current and deferred tax assets. The balance under the “Tax liabilities” heading includes the balances payable in respect of the Group’s various current and deferred tax liabilities. The details of the mentioned tax assets and liabilities are as follows:
Tax assets and liabilities (Millions of Euros)
| 2024 | 2023 | 2022 ⁽²⁾
Tax assets |  |  |
Current tax assets ⁽¹⁾ | 4,295 | 2,860 | 1,978
Deferred tax assets | 14,354 | 14,641 | 14,747
Pensions | 534 | 445 | 422
Financial Instruments | 1,335 | 1,069 | 1,478
Loss allowances | 2,158 | 2,127 | 1,834
Other | 1,495 | 1,467 | 1,261
Secured tax assets | 7,979 | 8,534 | 8,689
Tax losses | 853 | 999 | 1,063
Total | 18,650 | 17,501 | 16,725
Tax liabilities |  |  |
Current tax liabilities ⁽¹⁾ | 575 | 878 | 1,415
Deferred tax liabilities | 2,458 | 1,677 | 1,520
Financial Instruments | 915 | 761 | 557
Other | 1,543 | 916 | 963
Total | 3,033 | 2,554 | 2,935
(1) In 2024, the increase in current tax assets corresponds mainly to a higher tax receivable of the tax group in Spain, as well as in Mexico and Colombia, in relation to the Corporate Income Tax for the year 2024 related to the installment payments made in the year. On the other hand, the decrease in current tax liabilities corresponds mainly to the decrease in the tax payable in Mexico and Argentina in relation to the estimated income tax for the year 2023. (2) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
Deferred tax assets and liabilities annual variations [Table Text Block] | The most significant variations of the deferred tax assets and liabilities in the years 2024, 2023 and 2022 were derived from the following items:
Deferred tax assets and liabilities. Annual variations (Millions of Euros)
| 2024 | 2023 | 2022⁽¹⁾
| Deferred assets | Deferred liabilities | Deferred assets | Deferred liabilities | Deferred assets | Deferred liabilities
Balance at the beginning | 14,641 | 1,677 | 14,747 | 1,520 | 14,917 | 1,769
Pensions | 89 | — | 23 | — | 6 | —
Financials instruments | 266 | 154 | (409) | 204 | 70 | (567)
Loss allowances | 31 | — | 293 | — | 158 | —
Others | 28 | 627 | 206 | (47) | 160 | 318
Secured tax assets | (555) | — | (155) | — | (615) | —
Tax losses | (146) | — | (64) | — | 51 | —
Balance at the end | 14,354 | 2,458 | 14,641 | 1,677 | 14,747 | 1,520
(1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
Secured tax assets [Table Text Block] | With respect to the deferred tax assets shown above, the table below shows the amounts guaranteed by the Spanish government, broken down by the items that originated the relevant assets:
Secured tax assets (Millions of Euros)
| 2024 | 2023 | 2022
Pensions | 1,622 | 1,622 | 1,622
Loss allowances | 6,357 | 6,912 | 7,067
Total | 7,979 | 8,534 | 8,689

X
- Definition Deferred tax assets and liabilities annual variations + References No definition available. + Details
Name: | bbva_DeferredTaxAssetsAndLiabilitiesAnnualVariationsTableTextBlock
Namespace Prefix: | bbva_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Effective tax rate + References No definition available. + Details
Name: | bbva_EffectiveTaxRateTableTextBlock
Namespace Prefix: | bbva_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reconciliation of taxation at the Spanish corporation tax rate to the tax expense recorded for the year + References No definition available. + Details
Name: | bbva_ReconciliationOfTaxationAtTheSpanishCorporationTaxRateToTheTaxExpenseRecordedForTheYearTableTextBlock
Namespace Prefix: | bbva_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Secured tax assets + References No definition available. + Details
Name: | bbva_SecuredTaxAssetsTableTextBlock
Namespace Prefix: | bbva_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tax assets and liabilities + References No definition available. + Details
Name: | bbva_TaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | bbva_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tax Assets And Liabilties [Abstract] + References No definition available. + Details
Name: | bbva_TaxAssetsAndLiabiltiesAbstract
Namespace Prefix: | bbva_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration