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Note 6 | 12 Months Ended
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Dec. 31, 2025
Operating Segment Reporting [Abstract] |
Disclosure of operating segments [text block] | Operating segment reporting Operating segment reporting represents a basic tool in the oversight and management of the BBVA Group’s various activities. The BBVA Group compiles reporting information on disaggregated business activities. These business activities are then aggregated in accordance with the organizational structure determined by the BBVA Group's Management and, ultimately, into the reportable operating segments themselves. As of December 31, 2024, the structure of the information by operating segments and the Corporate Center reported by the BBVA Group remains the same as that as of the closing of the 2023 financial year. The BBVA Group's areas or operating segments are summarized below: –Spain includes mainly the banking, insurance and asset management businesses that the Group carries out in Spain. –Mexico includes the banking, insurance and asset management businesses in this country as well as the activity that BBVA Mexico carries out through its agency in Houston. –Turkey reports the activity of the Garanti BBVA group that is mainly carried out in this country and, to a lesser extent, in Romania and the Netherlands. –South America includes the banking, finance, insurance and asset management businesses carried out mainly in Argentina, Chile, Colombia, Peru, Uruguay and Venezuela. –Rest of Business mainly includes the wholesale activity carried out in Europe (excluding Spain), the United States and (through BBVA branches located therein) Asia. The Corporate Center performs centralized Group functions, including: the costs of the head offices with a corporate function for the consolidated BBVA Group, management of structural exchange rate positions; portfolios whose management is not linked to customer relationships, such as financial and industrial holdings; stakes in Funds & Investment Vehicles in tech companies; certain tax assets and liabilities; funds for employee commitments; goodwill and other intangible assets, as well as the financing of such portfolios and assets. The breakdown of the BBVA Group’s total assets by operating segments and the Corporate Center as of December 31, 2024, 2023 and 2022 is as follows:
Total Group assets by operating segments (Millions of Euros)
| 2024 | 2023 ⁽¹⁾ | 2022 ⁽¹⁾ ⁽²⁾
Spain | 417,752 | 457,573 | 427,049
Mexico | 168,470 | 173,489 | 142,557
Turkey | 82,782 | 68,329 | 66,036
South America | 73,997 | 64,779 | 61,951
Rest of Business | 66,534 | 64,274 | 49,952
Subtotal assets by operating segments | 809,536 | 828,445 | 747,545
Corporate Center and adjustments | (37,134) | (52,886) | (35,453)
Total assets BBVA Group | 772,402 | 775,558 | 712,092
(1) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the years 2023 and 2022 were revised, which has not affected t he consolidated financial information of the Group. (2) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts as of that date (see “Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 – Insurance contracts”). The following table sets forth certain summarized information relating to results of each operating segment and Corporate Center for the years ended December 31, 2024, 2023 and 2022:
Main margins and profit by operating segments (Millions of euros)
| Operating Segments
| BBVA Group | Spain | Mexico | Turkey | South America | Rest of Business | Corporate Center and adjustments (1)
2024 |  |  |  |  |  |  |
Net interest income | 25,267 | 6,435 | 11,556 | 1,492 | 5,589 | 741 | (546)
Gross income | 35,481 | 9,490 | 15,337 | 4,212 | 5,405 | 1,458 | (421)
Operating profit (loss) before tax | 15,405 | 5,309 | 7,522 | 1,741 | 1,342 | 634 | (1,142)
Attributable profit (loss) | 10,054 | 3,784 | 5,447 | 611 | 635 | 500 | (924)
2023 ⁽²⁾ |  |  |  |  |  |  |
Net interest income | 23,089 | 5,620 | 11,054 | 1,869 | 4,394 | 539 | (386)
Gross income | 29,542 | 7,888 | 14,267 | 2,981 | 4,331 | 1,103 | (1,029)
Operating profit (loss) before tax | 12,419 | 3,897 | 7,329 | 1,324 | 1,189 | 489 | (1,809)
Attributable profit (loss) | 8,019 | 2,720 | 5,319 | 527 | 601 | 396 | (1,544)
2022 ⁽²⁾ ⁽³⁾ |  |  |  |  |  |  |
Net interest income | 19,124 | 3,774 | 8,378 | 2,611 | 4,138 | 332 | (109)
Gross income | 24,743 | 6,112 | 10,734 | 3,172 | 4,265 | 790 | (329)
Operating profit (loss) before tax | 10,268 | 2,610 | 5,620 | 1,636 | 1,434 | 277 | (1,309)
Attributable profit (loss) | 6,358 | 1,667 | 4,131 | 505 | 738 | 240 | (922)
(1) Adjustments include the impact of the purchase of offices in Spain in 2022 in the transaction with Merlin Properties (see Note 17). (2) In the first quarter of 2024 the Group changed its allocation criteria for certain expenses, mainly related with global international projects between the Corporate Center and the corresponding operating segments. Therefore, in order to make those year-on-year comparisons homogeneous, the figures for the year 2023 have been revised, which has not affected the consolidated financial information of the Group. (3) Restated according to IFRS 17 - Insurance contracts, which had no material impacts for such period (see “Presentation of Financial Information—Changes in Accounting Policies—IFRS 17 Insurance contracts”).

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