Note 25 (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Post Employment And Other Employee Benefit Commitments [Abstract] |
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| Net defined benefit liability asset on the consolidated balance sheet [Table Text Block] |
The breakdown of the net defined benefit liability recorded on the balance sheet as of December 31, 2025, 2024 and 2023 is provided below: | | | | | | | | | | | | | | | NET DEFINED BENEFIT LIABILITY (ASSET) ON THE CONSOLIDATED BALANCE SHEET (MILLIONS OF EUROS) | | | | | | | Notes | 2025 | 2024 | 2023 | Pension commitments | | 4,040 | 3,759 | 3,849 | Early retirement commitments | | 173 | 271 | 412 | Medical benefits commitments | | 1,702 | 1,269 | 1,728 | Other long-term employee benefits | | 332 | 384 | 435 | Total commitments | | 6,247 | 5,683 | 6,424 | Pension plan assets | | 1,903 | 1,584 | 1,675 | Medical benefit plan assets | | 1,747 | 1,367 | 1,744 | Total plan assets (1) | | 3,650 | 2,951 | 3,419 | Total net liability / asset | | 2,599 | 2,732 | 3,006 | Of which: Net asset on the consolidated balance sheet (2) | | — | — | — | Of which: Net liability on the consolidated balance sheet for provisions for pensions and similar obligations (3) | 24 | 2,267 | 2,348 | 2,571 | Of which: Net liability on the consolidated balance sheet for other long-term employee benefits | 24 | 332 | 384 | 435 |
(1) In Turkey, the foundation responsible for managing the benefit commitments holds an additional asset of €237 million as of December 31, 2025 which, in accordance with IFRS regarding the asset ceiling, has not been recognized in the Consolidated Financial Statements, because although it could be used to reduce future pension contributions it could not be immediately refunded to the employer. As of December 31, 2024 and 2023, this amount amounted to €123 million and €153 million, respectively. (2) Recorded under the heading “Other Assets - Other” of the consolidated balance sheet (see Note 20). (3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet.
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| Consolidated Income Statement Impact [Table Text Block] |
The impact relating to benefit commitments on the consolidated income statement for the years 2025, 2024 and 2023 is as follows: | | | | | | | | | | | | | | | CONSOLIDATED INCOME STATEMENT IMPACT (MILLIONS OF EUROS) | | | | | | | Notes | 2025 | 2024 | 2023 | | Interest income and expense | | 118 | 138 | 133 | Interest expense | | 487 | 494 | 444 | Interest income | | (369) | (356) | (311) | | Personnel expense | | 205 | 215 | 188 | Defined contribution plan expense | 44.1 | 152 | 158 | 139 | Defined benefit plan expense | 44.1 | 43 | 51 | 49 | Other expense | | 10 | 6 | — | | Provisions or (reversal) of provisions | 46 | 2 | 3 | 31 | Early retirement expense | | — | — | — | Past service cost expense | | 6 | 7 | 36 | Remeasurements (1) | | (5) | (5) | (7) | Other provision expense | | 1 | 1 | 2 | Total impact on consolidated income statement: expense (income) | | 325 | 355 | 352 |
(1) Actuarial losses (gains) on remeasurement of the net defined benefit liability relating to early retirements in Spain and other long-term employee benefits that are charged to the income statements (see Note 2.2.13).
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| Equity impact [Table Text Block] |
The amounts relating to post-employment benefits charged to the consolidated balance sheet correspond to the actuarial gains (losses) on remeasurement of the net defined benefit liability relating to pension and medical commitments before income taxes as of December 31, 2025, 2024 and 2023 are as follows: | | | | | | | | | | | | EQUITY IMPACT (MILLIONS OF EUROS) | | | | | | 2025 | 2024 | 2023 | Defined benefit plans | 210 | 218 | 302 | Post-employment medical benefits | 165 | (86) | 12 | Total impact on equity: debit (credit) | 375 | 132 | 314 |
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| Defined benefits [Table Text Block] |
Defined benefit commitments relate mainly to employees who have already retired or taken early retirement, certain closed groups of active employees still accruing defined benefit pensions, and in-service death and disability benefits provided to most active employees. For the latter, the Group pays the required premiums to fully insure the related liability. The change in these pension commitments during the years ended December 31, 2025, 2024 and 2023 is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DEFINED BENEFITS (MILLIONS OF EUROS) | | | | | | | | | | | | | 2025 | 2024 | 2023 | | Defined benefit obligation | Plan assets | Net liability (asset) | Defined benefit obligation | Plan assets | Net liability (asset) | Defined benefit obligation | Plan assets | Net liability (asset) | Balance at the beginning | 5,299 | 2,951 | 2,348 | 5,989 | 3,419 | 2,571 | 5,715 | 3,084 | 2,632 | Current service cost | 44 | — | 44 | 51 | — | 51 | 52 | — | 52 | Interest income/expense | 475 | 369 | 105 | 472 | 356 | 115 | 425 | 311 | 114 | Contributions by plan participants | 15 | 15 | — | 16 | 16 | — | 10 | 10 | — | Employer contributions | — | 330 | (330) | — | 143 | (143) | — | 106 | (106) | Past service costs (1) | 6 | — | 6 | 7 | — | 7 | 36 | — | 36 | Remeasurements | 726 | 352 | 373 | (202) | (330) | 128 | 375 | 68 | 307 | Return on plan assets (2) | — | 352 | (352) | — | (330) | 330 | — | 68 | (68) | From changes in demographic assumptions | 21 | — | 21 | 2 | — | 2 | (86) | — | (86) | From changes in financial assumptions | 520 | — | 520 | (362) | — | (362) | 248 | — | 248 | Other actuarial gains and losses | 185 | — | 185 | 158 | — | 158 | 212 | — | 212 | Benefit payments | (546) | (275) | (271) | (564) | (230) | (334) | (655) | (232) | (424) | Settlement payments | — | — | — | (1) | (1) | — | (76) | (75) | (1) | Business combinations and disposals | — | — | — | — | — | — | (1) | — | (1) | Effect on changes in foreign exchange rates | (100) | (83) | (17) | (467) | (416) | (51) | 124 | 153 | (29) | Conversions to defined contributions | — | — | — | — | — | — | — | — | — | Other effects | (4) | (7) | 4 | (3) | (7) | 4 | (15) | (7) | (8) | Balance at the end | 5,915 | 3,650 | 2,265 | 5,299 | 2,951 | 2,348 | 5,989 | 3,419 | 2,571 | Of which: Spain | 1,770 | 96 | 1,674 | 2,078 | 114 | 1,964 | 2,310 | 129 | 2,181 | Of which: Mexico | 3,218 | 2,733 | 485 | 2,385 | 2,114 | 271 | 2,988 | 2,702 | 286 | Of which: Turkey | 675 | 599 | 77 | 567 | 488 | 80 | 435 | 363 | 72 |
(1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense".
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| Actuarial assumptions percentage [Table Text Block] |
The following table sets out the key actuarial assumptions used in the valuation of these commitments as of December 31, 2025, 2024 and 2023: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ACTUARIAL ASSUMPTIONS (%) | | | | | | | | | | | | | | | 2025 | 2024 | 2023 | Spain | Mexico | Turkey | Spain | Mexico | Turkey | Spain | Mexico | Turkey | Discount rate | 4.00 | % | 10.72 | % | 31.1% | 3.25 | % | 12.11 | % | 31.02 | % | 3.43 | % | 10.44 | % | 25.60 | % | Rate of salary increase | — | | 4.50 | % | 27.74 | % | — | | 4.50 | % | 27.80 | % | — | | 4.50 | % | 23.44 | % | Rate of pension increase | — | | 5.14 | % | 26.24 | % | — | | 3.92 | % | 26.30 | % | — | | 4.14 | % | 21.94 | % | Medical cost trend rate | — | | 8.04 | % | 30.44 | % | — | | 8.00 | % | 30.50 | % | — | | 8.04 | % | 26.14 | % | Mortality tables | PER 2020 | EMSSA09 | TUIK 2024 | PER 2020 | EMSSA09 | TUIK 2022 | PER 2020 | EMSSA09 | TUIK 2019 |
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| Sensitivity analysis [Table Text Block] |
Changes in the main actuarial assumptions may affect the valuation of the commitments. The table below shows the sensitivity of the benefit obligations to changes in the key assumptions: | | | | | | | | | | | | | | | | | | | | | | | | SENSITIVITY ANALYSIS (MILLIONS OF EUROS) | | | | | | | | | | Basis points change | 2025 | 2024 | 2023 | Increase | Decrease | Increase | Decrease | Increase | Decrease | Discount rate | 50 | (262) | 287 | (213) | 232 | (265) | 291 | Rate of salary increase | 50 | 5 | (5) | 4 | (4) | 4 | (4) | Rate of pension increase | 50 | 40 | (38) | 27 | (26) | 34 | (32) | Medical cost trend rate | 50 | 151 | (137) | 102 | (93) | 141 | (126) | Change in obligation from each additional year of longevity | | 154 | — | 120 | — | 134 | — |
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| Post employment commitments [Table Text Block] |
The change in the benefit plan obligations and plan assets during the year ended December 31, 2025 was as follows: | | | | | | | | | | | | | | | POST-EMPLOYMENT COMMITMENTS 2025 (MILLIONS OF EUROS) | | | | | | | | Spain | Mexico | Turkey | Rest of the world | | Defined benefit obligation | | | | | | Balance at the beginning | 2,078 | 1,125 | 567 | 260 | Current service cost | 4 | 9 | 16 | 3 | Interest income or expense | 61 | 126 | 133 | 9 | Contributions by plan participants | — | — | 13 | 2 | Employer contributions | — | — | — | — | Past service costs (1) | — | — | 4 | 2 | Remeasurements | (104) | 374 | 141 | (17) | Return on plan assets (2) | — | — | — | — | From changes in demographic assumptions | — | — | 21 | — | From changes in financial assumptions | (91) | 344 | 22 | (22) | Other actuarial gains and losses | (13) | 30 | 97 | 5 | Benefit payments | (275) | (138) | (34) | (12) | Settlement payments | — | — | — | — | Business combinations and disposals | — | — | — | — | Effect on changes in foreign exchange rates | — | 26 | (155) | (1) | Conversions to defined contributions | — | — | — | — | Other effects | 6 | — | (10) | — | | Balance at the end | 1,770 | 1,522 | 675 | 246 | Of which: Vested benefit obligation relating to current employees | 72 | | | | Of which: Vested benefit obligation relating to retired employees | 1,698 | | | | | | | | | | Plan Assets | | | | | | Balance at the beginning | 114 | 748 | 488 | 234 | Current service cost | — | — | — | — | Interest income or expense | 3 | 81 | 116 | 8 | Contributions by plan participants | — | — | 13 | 2 | Employer contributions | — | 185 | 37 | 2 | Past service costs (1) | — | — | — | — | Remeasurements | (5) | 93 | 110 | (12) | Return on plan assets (2) | (5) | 93 | 110 | (12) | From changes in demographic assumptions | — | — | — | — | From changes in financial assumptions | — | — | — | — | Other actuarial gains and losses | — | — | — | — | Benefit payments | (16) | (138) | (24) | (11) | Settlement payments | — | — | — | — | Business combinations and disposals | — | — | — | — | Effect on changes in foreign exchange rates | — | 18 | (133) | — | Conversions to defined contributions | — | — | — | — | Other effects | — | — | (7) | — | | Balance at the end | 96 | 986 | 599 | 223 | | | | | | | | | | | | Net liability (asset) | | | | | | Balance at the beginning | 1,964 | 377 | 80 | 26 | Current service cost | 4 | 9 | 16 | 3 | Interest income or expense | 58 | 45 | 17 | 1 | Contributions by plan participants | — | — | — | — | Employer contributions | — | (185) | (37) | (2) | Past service costs (1) | — | — | 4 | 2 | Remeasurements | (99) | 281 | 31 | (5) | Return on plan assets (2) | 5 | (93) | (110) | 12 | From changes in demographic assumptions | — | — | 21 | — | From changes in financial assumptions | (91) | 344 | 22 | (22) | Other actuarial gains and losses | (13) | 30 | 97 | 5 | Benefit payments | (259) | — | (11) | (1) | Settlement payments | — | — | — | — | Business combinations and disposals | — | — | — | — | Effect on changes in foreign exchange rates | — | 8 | (22) | (1) | Conversions to defined contributions | — | — | — | — | Other effects | 6 | — | (2) | — | | Balance at the end | 1,674 | 536 | 77 | 23 |
(1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense". The change in net liabilities (assets) during the years ended December 31, 2024 and 2023 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | POST-EMPLOYMENT COMMITMENTS (MILLIONS OF EUROS) | | | | | | | | | | | | | 2024: Net liability (assets) | 2023: Net liability (assets) | | Spain | Mexico | Turkey | Rest of the world | Spain | Mexico | Turkey | Rest of the world | | Balance at the beginning | 2,181 | 311 | 72 | 23 | 2,399 | 132 | 103 | 25 | Current service cost | 4 | 10 | 18 | 3 | 3 | 9 | 17 | 3 | Interest income or expense | 69 | 30 | 16 | 2 | 85 | 17 | 8 | 2 | Contributions by plan participants | — | — | — | — | — | — | — | — | Employer contributions | — | (68) | (39) | (22) | — | (37) | (23) | (29) | Past service costs (1) | — | — | 3 | 4 | — | — | 33 | 3 | Remeasurements | 23 | 139 | 32 | 19 | 67 | 175 | 32 | 21 | Return on plan assets (2) | (1) | 125 | (50) | 10 | — | 19 | (129) | 25 | From changes in demographic assumptions | — | 2 | (15) | — | — | — | (14) | (2) | From changes in financial assumptions | 34 | (10) | (97) | 3 | 78 | 114 | 10 | (10) | Other actuarial gains and losses | (10) | 22 | 195 | 6 | (11) | 42 | 165 | 8 | Benefit payments | (321) | — | (11) | (1) | (379) | — | (43) | (1) | Settlement payments | — | — | — | — | — | — | — | (1) | Business combinations and disposals | — | — | — | — | — | — | — | (1) | Effect on changes in foreign exchange rates | — | (45) | (8) | (2) | — | 15 | (40) | 1 | Conversions to defined contributions | — | — | — | — | — | — | — | — | Other effects | 8 | — | (4) | — | 6 | — | (14) | — | | Balance at the end | 1,964 | 377 | 80 | 26 | 2,181 | 311 | 72 | 23 |
(1) Includes gains and losses from settlements. (2) Excludes interest which is reflected in the line item “Interest income and expense”.
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| Medical benefits commitments [Table Text Block] |
The change in defined benefit obligations and plan assets during the years 2025, 2024 and 2023 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | MEDICAL BENEFITS COMMITMENTS (MILLIONS OF EUROS) | | | | | | | | | | | | 2025 | 2024 | 2023 | | Defined benefit obligation | Plan assets | Net liability (asset) | Defined benefit obligation | Plan assets | Net liability (asset) | Defined benefit obligation | Plan assets | Net liability (asset) | | Balance at the beginning | 1,269 | 1,367 | (98) | 1,728 | 1,744 | (16) | 1,448 | 1,476 | (28) | Current service cost | 13 | — | 13 | 18 | — | 18 | 20 | — | 20 | Interest income or expense | 145 | 161 | (16) | 167 | 168 | (2) | 167 | 165 | 2 | Contributions by plan participants | — | — | — | — | — | — | — | — | — | Employer contributions | — | 106 | (106) | — | 15 | (15) | — | 17 | (17) | Past service costs (1) | — | — | — | — | — | — | — | — | — | Remeasurements | 332 | 167 | 165 | (333) | (247) | (86) | (5) | (17) | 12 | Return on plan assets (2) | — | 167 | (167) | — | (247) | 247 | — | (17) | 17 | From changes in demographic assumptions | — | — | — | 15 | — | 15 | (70) | — | (70) | From changes in financial assumptions | 266 | — | 266 | (293) | — | (293) | 56 | — | 56 | Other actuarial gain and losses | 65 | — | 65 | (55) | — | (55) | 8 | — | 8 | Benefit payments | (86) | (86) | — | (71) | (70) | — | (70) | (70) | — | Settlement payments | — | — | — | — | — | — | — | — | — | Business combinations and disposals | — | — | — | — | — | — | — | — | — | Effect on changes in foreign exchange rates | 30 | 32 | (2) | (240) | (243) | 3 | 168 | 173 | (5) | Other effects | — | — | — | — | — | — | — | — | — | | Balance at the end | 1,702 | 1,747 | (45) | 1,269 | 1,367 | (98) | 1,728 | 1,744 | (16) |
(1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense".
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| Estimated benefit payments [Table Text Block] |
As of December 31, 2025, the estimated benefit payments over the next ten years for all the entities in Spain, Mexico and Turkey are as follows: | | | | | | | | | | | | | | | | | | | | | ESTIMATED BENEFIT PAYMENTS (MILLIONS OF EUROS) | | | | | | | | | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 - 2035 | Commitments in Spain | 380 | 240 | 209 | 180 | 153 | 557 | Commitments in Mexico | 229 | 246 | 261 | 278 | 297 | 1,635 | Commitments in Turkey | 30 | 36 | 46 | 58 | 75 | 895 | | Total | 639 | 522 | 516 | 516 | 525 | 3,087 |
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| Plan assets breakdown [Table Text Block] |
The table below shows the allocation of plan assets of the main companies of the BBVA Group as of December 31, 2025, 2024 and 2023: | | | | | | | | | | | | PLAN ASSETS BREAKDOWN (MILLIONS OF EUROS) | | | | | | 2025 | 2024 | 2023 | Cash and cash equivalents | 233 | 60 | 86 | Debt securities (government bonds) | 2,697 | 2,267 | 2,818 | Mutual funds | 1 | 1 | — | Asset-backed securities | — | — | — | Structured debt | — | — | — | Insurance contracts | 24 | 21 | 21 | | Total | 2,956 | 2,349 | 2,924 | Of which: Bank account in BBVA | 6 | 25 | 23 | Of which: Debt certificates issued by BBVA | — | — | — | Of which: Property occupied by BBVA | — | — | — |
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| Investments in listed markets [Table Text Block] |
The following table provides details of investments in listed securities (level 1) as of December 31, 2025, 2024 and 2023: | | | | | | | | | | | | INVESTMENTS IN LISTED MARKETS (MILLIONS OF EUROS) | | | | | | 2025 | 2024 | 2023 | Cash and cash equivalents | 233 | 60 | 86 | Debt securities (Government bonds) | 2,697 | 2,267 | 2,818 | Mutual funds | 1 | 1 | — | | Total | 2,931 | 2,328 | 2,904 | Of which: Bank account in BBVA | 6 | 25 | 23 | Of which: Debt certificates issued by BBVA | — | — | — | Of which: Property occupied by BBVA | — | — | — |
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