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Income Statement (EUR)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 21B | 155.5% |
Gross Profit | 21B | 155.5% |
Operating expense | 3.25B | 22.7% |
Net Income | 2.79B | 27% |
EBITDA | -624M | 32.2% |
Balance Sheet (EUR)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 760B | 5.3% |
Total Liabilities | 702B | 5.8% |
Total Equity | 53.2B | 2.4% |
Shares Outstanding | 5.75B | 1.5% |
Cash Flow (EUR)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -26.9B | 5365.2% |
Cash from financing | -3.16B | 377.6% |
Financial Highlights for BBVA in Q2 '24
BBVA reported a revenue of 21B, which is a 155.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 21B, marking a 155.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 3.25B, showing a -22.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.79B, showing a 27% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -624M, showing a 32.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for BBVA with growth in revenue, gross profit, and net income.