BBVA (BBVA) uses 83% of first-tranche €1.25B share buyback limit

Rhea-AI Filing Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reported progress on the first tranche of its share buyback program. Based on data from J.P. Morgan SE, which manages this tranche, BBVA has purchased shares for a cash amount of €1,251,489,116.72.

This sum represents approximately 83.43% of the maximum cash amount allocated to the first tranche. The latest transactions under this tranche were carried out in BBVA shares between 23 February and 27 February 2026, in line with European market abuse regulations.

UNITED STATES SECURITIES AND EXCHANGE

COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March, 2026

Commission file number: 1-10110

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

(Exact name of Registrant as specified in its charter)

BANK BILBAO VIZCAYA ARGENTARIA, S.A.

(Translation of Registrant’s name into English)

Calle Azul 4,

28050 Madrid

Spain

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F     x Form 40-F   ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes               ¨ No                x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes               ¨ No               x

Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), in compliance with the securities market legislation, hereby communicates the following:

OTHER RELEVANT INFORMATION

Further to the notice of inside information of 19 December 2025, with registration number 3046, relating to the execution of the first tranche of a buyback program of own shares of BBVA (the “First Tranche”), and pursuant to article 5 of Regulation (EU) no. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, BBVA informs–on the basis of the information received from J.P. Morgan SE as the First Tranche manager– that it has carried out the following transactions over BBVA shares in execution of the First Tranche between 23 February and 27 February 2026 (both inclusive):

The cash amount of the shares purchased to date as a result of the execution of the First Tranche amounts to 1,251,489,116.72 Euros, which, approximately, represents 83.43% of the maximum cash amount of the First Tranche.

Issuer name: Banco Bilbao Vizcaya Argentaria, S.A. - LEI K8MS7FD7N5Z2WQ51AZ71

ISIN Code of the ordinary shares of BBVA: ES0113211835

Madrid, 2 March 2026

This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Banco Bilbao Vizcaya Argentaria, S.A.
Date: March 02, 2026
	By:	/s/ José María Caballero Cobacho
	Name:	José María Caballero Cobacho
	Title:	Global ALM Director

FAQ

What did BBVA (BBVA) disclose in its March 2026 Form 6-K?

BBVA disclosed updated information on the first tranche of its share buyback program. It reported the total cash amount invested so far and the percentage of the tranche’s maximum cash limit already used, covering transactions executed in late February 2026.

How much has BBVA spent so far on the first tranche of its share buyback?

BBVA has spent €1,251,489,116.72 on the first tranche of its share buyback. This figure represents the cumulative cash amount used to purchase BBVA shares to date within this tranche, according to information provided by the program’s manager, J.P. Morgan SE.

What percentage of BBVA’s first tranche buyback limit has been used?

The cash amount invested in the first tranche represents about 83.43% of its maximum cash amount. This indicates that most of the authorized cash capacity for this initial tranche of BBVA’s share repurchase program has already been deployed in buying back shares.

Over which dates did BBVA execute the latest buyback transactions in this tranche?

The latest buyback transactions under BBVA’s first tranche were executed between 23 February and 27 February 2026, both dates inclusive. These trades in BBVA shares form part of the ongoing execution of the previously announced share repurchase program.

Who manages the first tranche of BBVA’s share buyback program?

The first tranche of BBVA’s share buyback program is managed by J.P. Morgan SE. BBVA’s disclosure is based on information received from this manager, which executes the repurchases of BBVA shares in the market in accordance with applicable regulations.

What regulatory framework governs BBVA’s reported share buyback activity?

The buyback activity is carried out pursuant to article 5 of Regulation (EU) No. 596/2014 on market abuse. BBVA’s communication of these transactions aligns with European market abuse rules and local securities market legislation for relevant information.