Equity Profile

BBVA

Banco Bilbao Vizcaya Argentaria, S.A.

FinancialsDiversified Banks$158.1B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a major financial institution based in Spain that provides a wide range of banking services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, influencing investor sentiment.

$0.59

Revenue

Revenue reflects the overall sales performance of the bank and is crucial for assessing growth.

$10.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

BBVA Q2-2026 Earnings Preview

Context

Company Snapshot

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a major financial institution based in Spain that provides a wide range of banking services. As a diversified bank, it plays a significant role in the financial sector, focusing on retail banking, corporate banking, and investment services across various markets.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+40.09%

Avg Stock Reaction

+3.29%

Last Quarter Recap

In Q1-2026, BBVA reported an EPS of $0.60, surpassing analyst expectations of $0.56, which resulted in a positive market reaction with a 3.90% stock increase the following day. However, revenue details were not disclosed.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect BBVA to report steady earnings with an EPS of $0.59 and revenue of $10.2 billion. Given the bank's strong track record of beating estimates, there is cautious optimism.

Bull Case

If BBVA continues its trend of exceeding EPS expectations, it could signal strong operational efficiency and growth, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the bank fails to meet these expectations or provides weak guidance, it could lead to a sharp decline in investor confidence and a drop in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.59

EPS is a key indicator of the company's profitability and financial health, influencing investor sentiment.

Revenue

$10.2B

Revenue reflects the overall sales performance of the bank and is crucial for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will BBVA's EPS exceed $0.59, continuing its streak of earnings surprises?

Given the bank's history of beating EPS estimates, a strong performance could boost investor confidence and stock price.

What guidance will management provide regarding future revenue growth?

Management's outlook on revenue growth is crucial for assessing the bank's operational health and potential for future earnings.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate BBVA's ability to leverage its diversified banking services for growth, especially in emerging markets.

Supporting Evidence

BBVA has consistently beaten EPS estimates, indicating stronger-than-expected operational performance.

The options market is pricing a larger move than historical averages, suggesting traders anticipate significant volatility.

Recent trends in consumer banking may favor BBVA's diversified approach, potentially leading to higher revenue.

Key Risk

If EPS comes in below $0.59, it could signal underlying issues that the market has not fully priced in.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether BBVA can maintain its earnings momentum amid market conditions.

Bull Confirmed If

An EPS of $0.60 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.59 would support the bear case, suggesting potential challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±22.74%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±22.7% while BBVA has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

39.1%

Calls (300)P/C Ratio: 1.29Puts (6K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

3.43%

of float

Insider

0.02%

of float

Holders

578

institutions

Top Holders· as of Dec 2025

Fisher Asset Management, LLC
33,954,738 sh · $742.6M
0.59%
-11.4%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BBVA beats expectations, history suggests a potential stock increase of around +3.04%, confirming strong operational momentum.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future guidance.

Miss

A miss could lead to a decline in stock price, with historical data suggesting an average drop of around -2.27%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on BBVA's growth strategy in emerging markets.
2Management's commentary on cost management and operational efficiency.
3Insights into loan demand and credit quality trends.
4Details on any changes in regulatory impacts on earnings.
5Future guidance on revenue growth expectations.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a major financial institution based in Spain that provides a wide range of banking services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, influencing investor sentiment.

$0.59

Revenue

Revenue reflects the overall sales performance of the bank and is crucial for assessing growth.

$10.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

BBVA Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+40.09%

Avg Stock Reaction

+3.29%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect BBVA to report steady earnings with an EPS of $0.59 and revenue of $10.2 billion. Given the bank's strong track record of beating estimates, there is cautious optimism.

Bull Case

If BBVA continues its trend of exceeding EPS expectations, it could signal strong operational efficiency and growth, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the bank fails to meet these expectations or provides weak guidance, it could lead to a sharp decline in investor confidence and a drop in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.59

EPS is a key indicator of the company's profitability and financial health, influencing investor sentiment.

Revenue

$10.2B

Revenue reflects the overall sales performance of the bank and is crucial for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will BBVA's EPS exceed $0.59, continuing its streak of earnings surprises?

Given the bank's history of beating EPS estimates, a strong performance could boost investor confidence and stock price.

What guidance will management provide regarding future revenue growth?

Management's outlook on revenue growth is crucial for assessing the bank's operational health and potential for future earnings.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate BBVA's ability to leverage its diversified banking services for growth, especially in emerging markets.

Supporting Evidence

BBVA has consistently beaten EPS estimates, indicating stronger-than-expected operational performance.

The options market is pricing a larger move than historical averages, suggesting traders anticipate significant volatility.

Recent trends in consumer banking may favor BBVA's diversified approach, potentially leading to higher revenue.

Key Risk

If EPS comes in below $0.59, it could signal underlying issues that the market has not fully priced in.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether BBVA can maintain its earnings momentum amid market conditions.

Bull Confirmed If

An EPS of $0.60 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.59 would support the bear case, suggesting potential challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±22.74%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±22.7% while BBVA has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

39.1%

Calls (300)P/C Ratio: 1.29Puts (6K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

3.43%

of float

Insider

0.02%

of float

Holders

578

institutions

Top Holders· as of Dec 2025

Fisher Asset Management, LLC
33,954,738 sh · $742.6M
0.59%
-11.4%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BBVA beats expectations, history suggests a potential stock increase of around +3.04%, confirming strong operational momentum.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future guidance.

Miss

A miss could lead to a decline in stock price, with historical data suggesting an average drop of around -2.27%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on BBVA's growth strategy in emerging markets.
2Management's commentary on cost management and operational efficiency.
3Insights into loan demand and credit quality trends.
4Details on any changes in regulatory impacts on earnings.
5Future guidance on revenue growth expectations.