BBVA Payout Ratio: current value, 10-year range and year-by-year history
Cash & Leverage
Payout Ratio History
BBVA Payout Ratio by year
Yearly range of BBVA’s payout ratio from 2016 to 2026. Over the full period it ranged from 3.3% to 350.6%, averaging 68.3%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 61.7% | 96.1% | 130.5% | 61.7% |
| 2025 | 36.8% | 155.4% | 275.7% | 36.8% |
| 2023 | 10.8% | 10.8% | 10.8% | 10.8% |
| 2022 | 7.0% | 9.3% | 10.7% | 10.7% |
| 2021 | 6.1% | 46.5% | 86.9% | 86.9% |
| 2020 | 3.3% | 10.2% | 24.6% | 3.3% |
| 2018 | 9.2% | 129.6% | 350.6% | 29.1% |
| 2017 | 24.2% | 105.6% | 308.4% | 308.4% |
| 2016 | 26.8% | 28.5% | 30.2% | 30.2% |
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What fraction of free cash flow is paid out as dividends. More reliable than the earnings-based payout ratio because cash is harder to manipulate through accounting choices. Low ratio = room to grow the dividend and absorb an earnings dip. High ratio = dividend is consuming most of the cash generated.
TTM Dividends Per Share / (TTM FCF ÷ Shares) × 100%A steadily rising FCF payout ratio warrants scrutiny only if FCF itself is flat or falling — that means the company is paying out a larger slice of shrinking cash. A high but stable ratio in a capital-light business (e.g. consumer staples) can be perfectly sustainable.
- FCF can be lumpy: large one-off capex or working-capital swings distort a single year. Look at the multi-year trend rather than any single data point.
- Utilities and REITs naturally sustain 60–90% FCF payout ratios; industrials and tech companies typically run 20–50%. Always compare to sector context.
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.