<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2025 Workiva-->
<!--r:a65f8ea4-c7d8-4ca1-a6c7-986408b50684,g:0aff6f6c-b289-40db-a5d0-2b285c61b4ec-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodesituacinfinancieraordendeliquidezStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#EstadodesituacinfinancieraordendeliquidezStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodesituacinfinancieraordendeliquidezStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_84e785e9-3877-406c-9250-f09511288f6b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_84e785e9-3877-406c-9250-f09511288f6b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents_55cce6fb-e7f3-468e-8861-5f1f42729568" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_CashAndCashEquivalents_55cce6fb-e7f3-468e-8861-5f1f42729568" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_5cf08d75-050d-4624-a11a-e385619f143a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_5cf08d75-050d-4624-a11a-e385619f143a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_e0f49bbf-3297-4934-a0bb-6362942f7c1a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_e0f49bbf-3297-4934-a0bb-6362942f7c1a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxAssets_6850f1d0-4780-4a71-854f-541e60a6ea93" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TaxAssets"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_bbva_TaxAssets_6850f1d0-4780-4a71-854f-541e60a6ea93" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_55241f65-267d-40fe-aacb-dc7e3345c890" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_55241f65-267d-40fe-aacb-dc7e3345c890" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill_341bbb64-a6c3-4dc8-b0b2-7f518bebf961" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_IntangibleAssetsAndGoodwill_341bbb64-a6c3-4dc8-b0b2-7f518bebf961" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_aff9b826-4d0c-4afb-8fa0-57b6d061dade" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_aff9b826-4d0c-4afb-8fa0-57b6d061dade" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_518841ef-0f80-4498-b803-47ed33c5010c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_518841ef-0f80-4498-b803-47ed33c5010c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_f53c8ca6-9d08-4d13-8c99-826637ced9fd" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_f53c8ca6-9d08-4d13-8c99-826637ced9fd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCost_6ca7f618-2555-46be-9922-bfd1d809ed6f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtAmortisedCost"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_FinancialAssetsAtAmortisedCost_6ca7f618-2555-46be-9922-bfd1d809ed6f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging_279a9852-aef5-41f9-917b-94302f73bc0e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DerivativeFinancialAssetsHeldForHedging"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging_279a9852-aef5-41f9-917b-94302f73bc0e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsUnderInsuranceContractsAndReinsuranceContractsIssued_4f10e068-ec8d-42ed-8b16-dd483e582179" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AssetsUnderInsuranceContractsAndReinsuranceContractsIssued"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_AssetsUnderInsuranceContractsAndReinsuranceContractsIssued_4f10e068-ec8d-42ed-8b16-dd483e582179" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssets_46ba5a79-4878-4599-b197-b2ada6353c67" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TangibleAssets"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_bbva_TangibleAssets_46ba5a79-4878-4599-b197-b2ada6353c67" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets_16ace38d-5805-44b1-97e3-1f7b8ad5a713" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherAssets"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_abd9559b-0b69-41fa-a23d-cd278c8eec35" xlink:to="loc_ifrs-full_OtherAssets_16ace38d-5805-44b1-97e3-1f7b8ad5a713" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_f85683e5-e2fe-49a4-94cc-ba04efcf445e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesDueToCentralBanks_006b1258-091a-492c-9ed8-d30b187d4967" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LiabilitiesDueToCentralBanks"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_f85683e5-e2fe-49a4-94cc-ba04efcf445e" xlink:to="loc_ifrs-full_LiabilitiesDueToCentralBanks_006b1258-091a-492c-9ed8-d30b187d4967" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromBanks_77b5776f-be04-463a-8c3c-235b09bd74df" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DepositsFromBanks"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_f85683e5-e2fe-49a4-94cc-ba04efcf445e" xlink:to="loc_ifrs-full_DepositsFromBanks_77b5776f-be04-463a-8c3c-235b09bd74df" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromCustomers_57221998-e532-4e4a-ad39-39b2d00c0fd7" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DepositsFromCustomers"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_f85683e5-e2fe-49a4-94cc-ba04efcf445e" xlink:to="loc_ifrs-full_DepositsFromCustomers_57221998-e532-4e4a-ad39-39b2d00c0fd7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtSecurities_e651af99-76b0-4d6e-8a62-8d4b6b0be62e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DebtSecurities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_f85683e5-e2fe-49a4-94cc-ba04efcf445e" xlink:to="loc_ifrs-full_DebtSecurities_e651af99-76b0-4d6e-8a62-8d4b6b0be62e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFinancialLiabilities_b2576cb7-0454-4f2b-9fb5-bf8e27ee51af" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherFinancialLiabilities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_f85683e5-e2fe-49a4-94cc-ba04efcf445e" xlink:to="loc_ifrs-full_OtherFinancialLiabilities_b2576cb7-0454-4f2b-9fb5-bf8e27ee51af" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_4902ae01-c71e-4e8a-9616-f69b394666d4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssetsForOwnUse_5a1cefc8-e699-4af8-8c95-8bf8e2580dab" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TangibleAssetsForOwnUse"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment_4902ae01-c71e-4e8a-9616-f69b394666d4" xlink:to="loc_bbva_TangibleAssetsForOwnUse_5a1cefc8-e699-4af8-8c95-8bf8e2580dab" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease_7f06c460-3a5b-4e3c-9cdd-1ff895be413c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment_4902ae01-c71e-4e8a-9616-f69b394666d4" xlink:to="loc_bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease_7f06c460-3a5b-4e3c-9cdd-1ff895be413c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves_99e597c8-597e-4366-8d47-b986fec7ae78" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherReserves"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_Other_a119bf27-f73e-474b-9680-b74a72584da6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_Other"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherReserves_99e597c8-597e-4366-8d47-b986fec7ae78" xlink:to="loc_bbva_Other_a119bf27-f73e-474b-9680-b74a72584da6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates_4800011a-253e-4544-aeaa-abd4d9567d6d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherReserves_99e597c8-597e-4366-8d47-b986fec7ae78" xlink:to="loc_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates_4800011a-253e-4544-aeaa-abd4d9567d6d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity_d9ceeb58-9d73-43d9-9e1b-7d376eaa963f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Equity"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_6d803b36-4585-4b7f-b73f-977d415e369d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Equity_d9ceeb58-9d73-43d9-9e1b-7d376eaa963f" xlink:to="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_6d803b36-4585-4b7f-b73f-977d415e369d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests_1cdfd6c3-6b67-4c01-9fae-7647de7278c6" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Equity_d9ceeb58-9d73-43d9-9e1b-7d376eaa963f" xlink:to="loc_ifrs-full_NoncontrollingInterests_1cdfd6c3-6b67-4c01-9fae-7647de7278c6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareholdersEquity_25cbf0dd-f565-4657-8203-640ecc4c850a" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ShareholdersEquity"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Equity_d9ceeb58-9d73-43d9-9e1b-7d376eaa963f" xlink:to="loc_bbva_ShareholdersEquity_25cbf0dd-f565-4657-8203-640ecc4c850a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_da228a92-0fee-490b-a240-69c8f981cbde" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInJointVentures_be30432c-ec4f-41f7-ad68-867bc590c670" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InvestmentsInJointVentures"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_da228a92-0fee-490b-a240-69c8f981cbde" xlink:to="loc_ifrs-full_InvestmentsInJointVentures_be30432c-ec4f-41f7-ad68-867bc590c670" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInAssociates_121fc76e-c243-4894-9ea0-35856bd7cf76" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InvestmentsInAssociates"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_da228a92-0fee-490b-a240-69c8f981cbde" xlink:to="loc_ifrs-full_InvestmentsInAssociates_121fc76e-c243-4894-9ea0-35856bd7cf76" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets_ddfcc874-7d7f-4c0e-b9a3-d3a832f9badc" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InsuranceContractsLinkedToPensions_33373f82-47af-46db-91a5-4d1d97ea6880" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_InsuranceContractsLinkedToPensions"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_ddfcc874-7d7f-4c0e-b9a3-d3a832f9badc" xlink:to="loc_bbva_InsuranceContractsLinkedToPensions_33373f82-47af-46db-91a5-4d1d97ea6880" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_RestOfOtherAssets_5ce89f4f-bcb8-4886-9944-f54cec3e51e6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_RestOfOtherAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_ddfcc874-7d7f-4c0e-b9a3-d3a832f9badc" xlink:to="loc_bbva_RestOfOtherAssets_5ce89f4f-bcb8-4886-9944-f54cec3e51e6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InventoriesTotal_670026db-d88c-425c-a8cd-48c5e044ee43" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InventoriesTotal"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_ddfcc874-7d7f-4c0e-b9a3-d3a832f9badc" xlink:to="loc_ifrs-full_InventoriesTotal_670026db-d88c-425c-a8cd-48c5e044ee43" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_1b427c28-3ddc-484b-8ca3-be4d3bf83e7c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_de475eee-94fc-49e2-b79b-42aea2288477" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_1b427c28-3ddc-484b-8ca3-be4d3bf83e7c" xlink:to="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_de475eee-94fc-49e2-b79b-42aea2288477" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital_7f1b9d65-e285-43c3-a179-141ddbb162da" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IssuedCapital"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_PaidUpCapital_4cd090f0-e661-4a0d-9b89-49759cd4afbf" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_PaidUpCapital"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IssuedCapital_7f1b9d65-e285-43c3-a179-141ddbb162da" xlink:to="loc_bbva_PaidUpCapital_4cd090f0-e661-4a0d-9b89-49759cd4afbf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_UnpaidCapitalWhichHasBeenCalledUp_a808008d-f738-4f55-a13d-e32230431f5e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_UnpaidCapitalWhichHasBeenCalledUp"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IssuedCapital_7f1b9d65-e285-43c3-a179-141ddbb162da" xlink:to="loc_bbva_UnpaidCapitalWhichHasBeenCalledUp_a808008d-f738-4f55-a13d-e32230431f5e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxLiabilities_e8ca05d1-8357-48b3-a9c0-6de0496e0c3e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TaxLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxLiabilities_eaed07dd-4ce3-4fea-b5ae-b06561820a75" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentTaxLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TaxLiabilities_e8ca05d1-8357-48b3-a9c0-6de0496e0c3e" xlink:to="loc_ifrs-full_CurrentTaxLiabilities_eaed07dd-4ce3-4fea-b5ae-b06561820a75" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities_a397c5b7-1a66-407d-8081-28205e9ff73c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TaxLiabilities_e8ca05d1-8357-48b3-a9c0-6de0496e0c3e" xlink:to="loc_ifrs-full_DeferredTaxLiabilities_a397c5b7-1a66-407d-8081-28205e9ff73c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_b4fbba90-0676-4a5f-b048-a14a96cd111e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_b4fbba90-0676-4a5f-b048-a14a96cd111e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_8fa8622e-9850-435c-90fa-398fe8fd5984" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_8fa8622e-9850-435c-90fa-398fe8fd5984" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_b46ca16f-d012-4c6c-87e0-4aa03647f030" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_b46ca16f-d012-4c6c-87e0-4aa03647f030" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_0bb6a965-ac6b-4bd3-95cd-d81bd7fd20ad" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:to="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_0bb6a965-ac6b-4bd3-95cd-d81bd7fd20ad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_1c1a9d8a-f3a8-4700-add0-a1286d1635fe" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:to="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_1c1a9d8a-f3a8-4700-add0-a1286d1635fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesArisingFromInsuranceContracts_2426277b-67f8-4522-b1f8-cc6249988528" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LiabilitiesArisingFromInsuranceContracts"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:to="loc_ifrs-full_LiabilitiesArisingFromInsuranceContracts_2426277b-67f8-4522-b1f8-cc6249988528" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Provisions_0810ab46-7fba-4453-a059-44d9e9661e92" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Provisions"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:to="loc_ifrs-full_Provisions_0810ab46-7fba-4453-a059-44d9e9661e92" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxLiabilities_854341a9-29a7-4dfa-bfd2-a2b1839baa57" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TaxLiabilities"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:to="loc_bbva_TaxLiabilities_854341a9-29a7-4dfa-bfd2-a2b1839baa57" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherLiabilities_aae2873f-83e2-4ac6-b812-b62989751701" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherLiabilities"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:to="loc_ifrs-full_OtherLiabilities_aae2873f-83e2-4ac6-b812-b62989751701" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0a95f7e2-01bd-4dcb-85cf-f449281e08fc" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_d762952f-61c9-425b-9721-cdd328e3c376" xlink:to="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0a95f7e2-01bd-4dcb-85cf-f449281e08fc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_0be4faeb-fae1-405d-8c13-af89aa222971" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss_d9b35c14-4573-40f6-8bea-b41e326c50c1" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_0be4faeb-fae1-405d-8c13-af89aa222971" xlink:to="loc_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss_d9b35c14-4573-40f6-8bea-b41e326c50c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss_55657b96-c934-4ddf-8ee9-08a65e4befe2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_0be4faeb-fae1-405d-8c13-af89aa222971" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss_55657b96-c934-4ddf-8ee9-08a65e4befe2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss_ed366e79-6dc1-4d40-a58c-1fc93eaded5f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_0be4faeb-fae1-405d-8c13-af89aa222971" xlink:to="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss_ed366e79-6dc1-4d40-a58c-1fc93eaded5f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_626ae8f4-e8fc-42e8-89ba-76b8f6e07acb" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_0be4faeb-fae1-405d-8c13-af89aa222971" xlink:to="loc_bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_626ae8f4-e8fc-42e8-89ba-76b8f6e07acb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_11e7fcab-4598-4845-b3f9-41a71db1d46d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_0be4faeb-fae1-405d-8c13-af89aa222971" xlink:to="loc_bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_11e7fcab-4598-4845-b3f9-41a71db1d46d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk_50c54023-80de-4f48-80c8-269b44afc3cd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_0be4faeb-fae1-405d-8c13-af89aa222971" xlink:to="loc_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk_50c54023-80de-4f48-80c8-269b44afc3cd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill_27ff63a3-cd2e-44e3-972e-f5d282eaf96e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill_46e2b26d-c9a5-424c-9e4f-27b2d5831a4b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Goodwill"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill_27ff63a3-cd2e-44e3-972e-f5d282eaf96e" xlink:to="loc_ifrs-full_Goodwill_46e2b26d-c9a5-424c-9e4f-27b2d5831a4b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_130c7fcc-9dc1-4c14-83ad-48963c22e6d2" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill_27ff63a3-cd2e-44e3-972e-f5d282eaf96e" xlink:to="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_130c7fcc-9dc1-4c14-83ad-48963c22e6d2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_5d904a79-4c8f-44d0-835b-4d71b6788d5a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_43641992-8d46-4db5-9de4-8a0eb21b12bf" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_5d904a79-4c8f-44d0-835b-4d71b6788d5a" xlink:to="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_43641992-8d46-4db5-9de4-8a0eb21b12bf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_b38d0bd5-ef34-4dc0-86f5-e39a4e3a5925" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_5d904a79-4c8f-44d0-835b-4d71b6788d5a" xlink:to="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_b38d0bd5-ef34-4dc0-86f5-e39a4e3a5925" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_49b66259-c18e-4cdb-a36f-f5870b9e0be5" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_7a10768d-c578-4d94-942c-250606e96970" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_EquityInstrumentsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_49b66259-c18e-4cdb-a36f-f5870b9e0be5" xlink:to="loc_bbva_EquityInstrumentsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_7a10768d-c578-4d94-942c-250606e96970" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_2a673a23-2d6a-4fb8-b733-573786c9d307" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DebtSecuritiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_49b66259-c18e-4cdb-a36f-f5870b9e0be5" xlink:to="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_2a673a23-2d6a-4fb8-b733-573786c9d307" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_b63d1c8c-f54e-4c41-8dd0-db770f9b49ba" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_49b66259-c18e-4cdb-a36f-f5870b9e0be5" xlink:to="loc_bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_b63d1c8c-f54e-4c41-8dd0-db770f9b49ba" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_cbc46fa4-6a7e-4ab6-87f7-30b5ab3ad0a8" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCentralBanksHeldForTrading_96df5f44-d5f4-49aa-a70a-a0d0b4808413" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DepositsFromCentralBanksHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_cbc46fa4-6a7e-4ab6-87f7-30b5ab3ad0a8" xlink:to="loc_bbva_DepositsFromCentralBanksHeldForTrading_96df5f44-d5f4-49aa-a70a-a0d0b4808413" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_06cb4f65-8fee-4c3a-aa15-23e87a155441" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_cbc46fa4-6a7e-4ab6-87f7-30b5ab3ad0a8" xlink:to="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_06cb4f65-8fee-4c3a-aa15-23e87a155441" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CustomerDepositsHeldForTrading_eff2c51c-7bb7-4130-9457-fd3cbf243e80" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_CustomerDepositsHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_cbc46fa4-6a7e-4ab6-87f7-30b5ab3ad0a8" xlink:to="loc_bbva_CustomerDepositsHeldForTrading_eff2c51c-7bb7-4130-9457-fd3cbf243e80" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCreditInstitutionsHeldForTrading_026c25a2-a389-451c-b6e1-bfd08f8e0723" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DepositsFromCreditInstitutionsHeldForTrading"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_cbc46fa4-6a7e-4ab6-87f7-30b5ab3ad0a8" xlink:to="loc_bbva_DepositsFromCreditInstitutionsHeldForTrading_026c25a2-a389-451c-b6e1-bfd08f8e0723" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShortPositionsFinancialLiabiltiesHeldForTrading_48ef8359-0e44-4247-bdaa-41c78edff08d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ShortPositionsFinancialLiabiltiesHeldForTrading"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_cbc46fa4-6a7e-4ab6-87f7-30b5ab3ad0a8" xlink:to="loc_bbva_ShortPositionsFinancialLiabiltiesHeldForTrading_48ef8359-0e44-4247-bdaa-41c78edff08d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_9e1d076e-c324-401b-8052-ccc93da13161" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsHeldForTrading_740156f1-7fa2-456e-a71b-1f5c127a5590" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_EquityInstrumentsHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_9e1d076e-c324-401b-8052-ccc93da13161" xlink:to="loc_bbva_EquityInstrumentsHeldForTrading_740156f1-7fa2-456e-a71b-1f5c127a5590" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCustomersHeldForTrading_7fcb19d2-2fd5-4719-86f3-e37de88f06c7" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_LoansAndAdvancesToCustomersHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_9e1d076e-c324-401b-8052-ccc93da13161" xlink:to="loc_bbva_LoansAndAdvancesToCustomersHeldForTrading_7fcb19d2-2fd5-4719-86f3-e37de88f06c7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading_512b869e-b034-408d-89d5-eac0c1dfe44b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_9e1d076e-c324-401b-8052-ccc93da13161" xlink:to="loc_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading_512b869e-b034-408d-89d5-eac0c1dfe44b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCentralBanksHeldForTrading_4b6e0768-a87d-4a15-80a8-c7b696d3e118" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_LoansAndAdvancesToCentralBanksHeldForTrading"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_9e1d076e-c324-401b-8052-ccc93da13161" xlink:to="loc_bbva_LoansAndAdvancesToCentralBanksHeldForTrading_4b6e0768-a87d-4a15-80a8-c7b696d3e118" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading_381c7b1d-7e1e-48ca-8687-953ea64e9ce5" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DerivativeFinancialAssetsHeldForTrading"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_9e1d076e-c324-401b-8052-ccc93da13161" xlink:to="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading_381c7b1d-7e1e-48ca-8687-953ea64e9ce5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesHeldForTrading_32da11de-f7c1-4bde-b2e6-979928726279" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DebtSecuritiesHeldForTrading"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_9e1d076e-c324-401b-8052-ccc93da13161" xlink:to="loc_bbva_DebtSecuritiesHeldForTrading_32da11de-f7c1-4bde-b2e6-979928726279" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCost_169c05d0-aa8e-467b-9940-4b3a1b4e55e5" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtAmortisedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtAmortisedCost_1323ffba-46bc-412a-8aad-0c60c58892bd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DebtSecuritiesAtAmortisedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_169c05d0-aa8e-467b-9940-4b3a1b4e55e5" xlink:to="loc_bbva_DebtSecuritiesAtAmortisedCost_1323ffba-46bc-412a-8aad-0c60c58892bd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCentralBanksAtAmortisedCost_62d5b036-caea-40a3-9b96-6253aa04cb4b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_LoansAndAdvancesToCentralBanksAtAmortisedCost"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_169c05d0-aa8e-467b-9940-4b3a1b4e55e5" xlink:to="loc_bbva_LoansAndAdvancesToCentralBanksAtAmortisedCost_62d5b036-caea-40a3-9b96-6253aa04cb4b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToBanks_f9d7caa1-6369-44aa-a4b4-a4751f268562" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LoansAndAdvancesToBanks"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_169c05d0-aa8e-467b-9940-4b3a1b4e55e5" xlink:to="loc_ifrs-full_LoansAndAdvancesToBanks_f9d7caa1-6369-44aa-a4b4-a4751f268562" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToCustomers_e6efd6f9-c415-42d9-983f-41d1d2f726c7" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LoansAndAdvancesToCustomers"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_169c05d0-aa8e-467b-9940-4b3a1b4e55e5" xlink:to="loc_ifrs-full_LoansAndAdvancesToCustomers_e6efd6f9-c415-42d9-983f-41d1d2f726c7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ShareholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital_0f28c994-61ea-492d-abed-dce1a6b25c78" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IssuedCapital"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:to="loc_ifrs-full_IssuedCapital_0f28c994-61ea-492d-abed-dce1a6b25c78" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherEquityInterest_c3601ac2-9e76-452e-a2bc-33cba5dea5fd" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherEquityInterest"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:to="loc_ifrs-full_OtherEquityInterest_c3601ac2-9e76-452e-a2bc-33cba5dea5fd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarnings_e4d81516-25ad-4205-adce-0fae30534d8b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RetainedEarnings"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:to="loc_ifrs-full_RetainedEarnings_e4d81516-25ad-4205-adce-0fae30534d8b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InterimDividend_3360ddd2-9483-4274-9400-ac4ac463e4ca" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_InterimDividend"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:to="loc_bbva_InterimDividend_3360ddd2-9483-4274-9400-ac4ac463e4ca" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves_65ba404e-d18e-43e3-909c-e9c1ba2735a6" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherReserves"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:to="loc_ifrs-full_OtherReserves_65ba404e-d18e-43e3-909c-e9c1ba2735a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsIssuedOtherThanCapital_07e67bca-cf48-4de2-bcde-5f4913376948" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_EquityInstrumentsIssuedOtherThanCapital"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:to="loc_bbva_EquityInstrumentsIssuedOtherThanCapital_07e67bca-cf48-4de2-bcde-5f4913376948" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasuryShares_8dc37873-ee2a-4d93-a2e9-848fc94ae2ed" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TreasuryShares"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:to="loc_ifrs-full_TreasuryShares_8dc37873-ee2a-4d93-a2e9-848fc94ae2ed" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProfitLossAttributableToOwnersOfParent_c4198ef6-ae2b-48a3-9aa6-b0ac724d242d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ProfitLossAttributableToOwnersOfParent"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:to="loc_bbva_ProfitLossAttributableToOwnersOfParent_c4198ef6-ae2b-48a3-9aa6-b0ac724d242d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremium_68245d30-903f-494f-b026-c4add479c2fd" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SharePremium"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:to="loc_ifrs-full_SharePremium_68245d30-903f-494f-b026-c4add479c2fd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevaluationSurplus_65d6ede2-99e3-47e6-97cd-02b3f29b3a6d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevaluationSurplus"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_5e32cb53-ed07-4482-832e-dd6d0a8bef4b" xlink:to="loc_ifrs-full_RevaluationSurplus_65d6ede2-99e3-47e6-97cd-02b3f29b3a6d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_b80e9b73-e04c-409e-9d38-4be143da5c63" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_91c5dfc6-e79c-417a-8936-afedb8c0dea0" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_b80e9b73-e04c-409e-9d38-4be143da5c63" xlink:to="loc_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_91c5dfc6-e79c-417a-8936-afedb8c0dea0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCreditInstitutionsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_753d69bd-3c1e-48d0-963b-4054eaf6c357" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DepositsFromCreditInstitutionsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_b80e9b73-e04c-409e-9d38-4be143da5c63" xlink:to="loc_bbva_DepositsFromCreditInstitutionsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_753d69bd-3c1e-48d0-963b-4054eaf6c357" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_67faf143-f75b-43ae-96e1-909359527afa" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_b80e9b73-e04c-409e-9d38-4be143da5c63" xlink:to="loc_bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_67faf143-f75b-43ae-96e1-909359527afa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_b9871cc9-3169-43d7-9a10-7e9b79a18163" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_b80e9b73-e04c-409e-9d38-4be143da5c63" xlink:to="loc_bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_b9871cc9-3169-43d7-9a10-7e9b79a18163" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_1352d944-b4c3-4c9f-b157-ce1f2e9d4ae1" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_b80e9b73-e04c-409e-9d38-4be143da5c63" xlink:to="loc_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_1352d944-b4c3-4c9f-b157-ce1f2e9d4ae1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities_6bfd6175-0e28-4f67-ae9c-f8a62a0f1c26" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities_fa35fd1f-5739-46b1-93e8-d6bbcf63eeaf" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_6bfd6175-0e28-4f67-ae9c-f8a62a0f1c26" xlink:to="loc_ifrs-full_Liabilities_fa35fd1f-5739-46b1-93e8-d6bbcf63eeaf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity_47d5684a-6a18-4f5b-9a43-3326dbc2fefa" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Equity"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_6bfd6175-0e28-4f67-ae9c-f8a62a0f1c26" xlink:to="loc_ifrs-full_Equity_47d5684a-6a18-4f5b-9a43-3326dbc2fefa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests_6439466e-3995-4907-a2d8-56518c94c5e9" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest_7cf4ff36-97da-49c3-b60d-bf688e82ff8e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_NoncontrollingInterests_6439466e-3995-4907-a2d8-56518c94c5e9" xlink:to="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest_7cf4ff36-97da-49c3-b60d-bf688e82ff8e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherNonControllingInterestItems_8614a957-8660-4be5-a1a7-7e42a46be1e0" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherNonControllingInterestItems"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_NoncontrollingInterests_6439466e-3995-4907-a2d8-56518c94c5e9" xlink:to="loc_bbva_OtherNonControllingInterestItems_8614a957-8660-4be5-a1a7-7e42a46be1e0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Provisions_cc0b8952-f997-483f-8fd3-49b5fd0d7dda" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Provisions"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LegalProceedingsProvision_1dea42e6-0328-4c21-ac95-2db5ca45113c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LegalProceedingsProvision"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_cc0b8952-f997-483f-8fd3-49b5fd0d7dda" xlink:to="loc_ifrs-full_LegalProceedingsProvision_1dea42e6-0328-4c21-ac95-2db5ca45113c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionsForEmployeeBenefits_2d5ecc4a-9227-4a12-89f6-2c6d19b051b2" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProvisionsForEmployeeBenefits"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_cc0b8952-f997-483f-8fd3-49b5fd0d7dda" xlink:to="loc_ifrs-full_ProvisionsForEmployeeBenefits_2d5ecc4a-9227-4a12-89f6-2c6d19b051b2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherProvisions_375e3692-cd1b-4b99-944c-201f59bb0489" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherProvisions"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_cc0b8952-f997-483f-8fd3-49b5fd0d7dda" xlink:to="loc_ifrs-full_OtherProvisions_375e3692-cd1b-4b99-944c-201f59bb0489" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherLongTermEmployeeBenefits_e241f649-7e19-47f0-a1b1-158fd4b8b5a5" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherLongTermEmployeeBenefits"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_cc0b8952-f997-483f-8fd3-49b5fd0d7dda" xlink:to="loc_bbva_OtherLongTermEmployeeBenefits_e241f649-7e19-47f0-a1b1-158fd4b8b5a5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProvisionsCommitmentsAndGuaranteesGiven_59fb994a-baa8-4a2a-b745-8bce33daafbf" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ProvisionsCommitmentsAndGuaranteesGiven"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_cc0b8952-f997-483f-8fd3-49b5fd0d7dda" xlink:to="loc_bbva_ProvisionsCommitmentsAndGuaranteesGiven_59fb994a-baa8-4a2a-b745-8bce33daafbf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssets_499892a1-15aa-41a6-8aa5-d42b4acb94df" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TangibleAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_f69f2c79-45e4-4743-a3ba-dead12f25540" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TangibleAssets_499892a1-15aa-41a6-8aa5-d42b4acb94df" xlink:to="loc_ifrs-full_PropertyPlantAndEquipment_f69f2c79-45e4-4743-a3ba-dead12f25540" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentProperty_acb131d2-706e-4f27-a381-3576603cf338" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InvestmentProperty"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TangibleAssets_499892a1-15aa-41a6-8aa5-d42b4acb94df" xlink:to="loc_ifrs-full_InvestmentProperty_acb131d2-706e-4f27-a381-3576603cf338" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_b6b36e19-19fb-4da9-8239-1ae538f00544" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome_2c047cf3-65b1-44a2-bca8-a486a1a2ae96" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_b6b36e19-19fb-4da9-8239-1ae538f00544" xlink:to="loc_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome_2c047cf3-65b1-44a2-bca8-a486a1a2ae96" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_45450a46-2ea7-4d77-8f0f-fb2037c9170a" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_b6b36e19-19fb-4da9-8239-1ae538f00544" xlink:to="loc_bbva_DebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_45450a46-2ea7-4d77-8f0f-fb2037c9170a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_1b40080a-3137-4c8d-90ee-e54e8b78fbef" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_b6b36e19-19fb-4da9-8239-1ae538f00544" xlink:to="loc_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_1b40080a-3137-4c8d-90ee-e54e8b78fbef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxAssets_ee56e3af-561d-4402-8a9a-cd1baa774d9c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TaxAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxAssets_56b21c45-2c26-48f8-97f1-d137b31ea1af" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentTaxAssets"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TaxAssets_ee56e3af-561d-4402-8a9a-cd1baa774d9c" xlink:to="loc_ifrs-full_CurrentTaxAssets_56b21c45-2c26-48f8-97f1-d137b31ea1af" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets_f14692d0-64db-4f83-8a9d-9500d883adf0" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DeferredTaxAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TaxAssets_ee56e3af-561d-4402-8a9a-cd1baa774d9c" xlink:to="loc_ifrs-full_DeferredTaxAssets_f14692d0-64db-4f83-8a9d-9500d883adf0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_47b9ebdb-af15-4f79-9243-6efb0f7d40f6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss_f53cd4e5-45aa-4d6e-abfa-ce5b2ae73748" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_47b9ebdb-af15-4f79-9243-6efb0f7d40f6" xlink:to="loc_bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss_f53cd4e5-45aa-4d6e-abfa-ce5b2ae73748" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss_5b6819b9-b700-419e-ad8a-f22632b2c0ec" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_47b9ebdb-af15-4f79-9243-6efb0f7d40f6" xlink:to="loc_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss_5b6819b9-b700-419e-ad8a-f22632b2c0ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgingDerivativesCashFlowHedgesEffectivePortionThatMayBeReclassifiedToProfitOrLoss_a6bc92de-1f58-4536-a366-7733db19210e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_HedgingDerivativesCashFlowHedgesEffectivePortionThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_47b9ebdb-af15-4f79-9243-6efb0f7d40f6" xlink:to="loc_bbva_HedgingDerivativesCashFlowHedgesEffectivePortionThatMayBeReclassifiedToProfitOrLoss_a6bc92de-1f58-4536-a366-7733db19210e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss_5c9604e9-2a94-447e-81e1-92d5d62607db" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_47b9ebdb-af15-4f79-9243-6efb0f7d40f6" xlink:to="loc_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss_5c9604e9-2a94-447e-81e1-92d5d62607db" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgingInstrumentsNonDesignatedItemsThatMayBeReclassifiedToProfitOrLoss_a3488baf-ba4e-49a4-9ec5-a6d568c1dad6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_HedgingInstrumentsNonDesignatedItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_47b9ebdb-af15-4f79-9243-6efb0f7d40f6" xlink:to="loc_bbva_HedgingInstrumentsNonDesignatedItemsThatMayBeReclassifiedToProfitOrLoss_a3488baf-ba4e-49a4-9ec5-a6d568c1dad6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss_46b7eca3-3bef-434e-b66a-54a5ad7d216f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_47b9ebdb-af15-4f79-9243-6efb0f7d40f6" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss_46b7eca3-3bef-434e-b66a-54a5ad7d216f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss_74306ce6-1fc5-487b-9865-56302fd2c462" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_47b9ebdb-af15-4f79-9243-6efb0f7d40f6" xlink:to="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss_74306ce6-1fc5-487b-9865-56302fd2c462" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodelresultadoglobalderesultadosporfuncindelgastoStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#EstadodelresultadoglobalderesultadosporfuncindelgastoStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodelresultadoglobalderesultadosporfuncindelgastoStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_2f98b4b0-2ba6-4453-a3fd-a91f8530b05e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_69d5c86a-a7d1-4ba6-99a9-d1182e125683" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_2f98b4b0-2ba6-4453-a3fd-a91f8530b05e" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_69d5c86a-a7d1-4ba6-99a9-d1182e125683" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfOtherGainsLossesToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_f9aa63ea-291f-4414-9855-d6a1edc23113" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReclassificationOfOtherGainsLossesToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_2f98b4b0-2ba6-4453-a3fd-a91f8530b05e" xlink:to="loc_bbva_ReclassificationOfOtherGainsLossesToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_f9aa63ea-291f-4414-9855-d6a1edc23113" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_4c4a901c-4e32-47cc-9734-de2228d4162f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_2f98b4b0-2ba6-4453-a3fd-a91f8530b05e" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_4c4a901c-4e32-47cc-9734-de2228d4162f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueExpense_e7a30707-049b-4e33-8c21-8920a15f1405" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestRevenueExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest_79bd0aa9-9b1c-4588-9063-4f594101f1b2" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevenueFromInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InterestRevenueExpense_e7a30707-049b-4e33-8c21-8920a15f1405" xlink:to="loc_ifrs-full_RevenueFromInterest_79bd0aa9-9b1c-4588-9063-4f594101f1b2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense_54a77433-c038-4cab-a0e1-362b190ecbd3" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestExpense"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InterestRevenueExpense_e7a30707-049b-4e33-8c21-8920a15f1405" xlink:to="loc_ifrs-full_InterestExpense_54a77433-c038-4cab-a0e1-362b190ecbd3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossOnFinancialAssets_06fa49c8-8948-4128-9f7b-2a4e856003a9" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossOnFinancialAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost_a7564a62-3b23-40f1-b87b-6de91f63e2f3" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ImpairmentLossOnFinancialAssets_06fa49c8-8948-4128-9f7b-2a4e856003a9" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost_a7564a62-3b23-40f1-b87b-6de91f63e2f3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_4f41aa5e-22d7-4d8f-a813-e9c007c101e2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ImpairmentLossOnFinancialAssets_06fa49c8-8948-4128-9f7b-2a4e856003a9" xlink:to="loc_bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_4f41aa5e-22d7-4d8f-a813-e9c007c101e2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_1b367534-7c3c-4021-aff0-dcce04253a3c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading_819cee0d-e08e-47ad-821d-a87daa1f5a6c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReclassificationOfOtherGainsLossesToHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_1b367534-7c3c-4021-aff0-dcce04253a3c" xlink:to="loc_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading_819cee0d-e08e-47ad-821d-a87daa1f5a6c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading_a7738939-b509-46ea-9214-6a1f160038a5" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_1b367534-7c3c-4021-aff0-dcce04253a3c" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading_a7738939-b509-46ea-9214-6a1f160038a5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading_09cc72ed-2c27-4fbe-9908-941902a9b85e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_1b367534-7c3c-4021-aff0-dcce04253a3c" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading_09cc72ed-2c27-4fbe-9908-941902a9b85e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest_356c5562-8d27-485b-86c6-538d145013db" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevenueFromInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueCalculatedUsingEffectiveInterestMethod_e20c1bc4-9ff1-4e4b-8ecd-31bfbd44861c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestRevenueCalculatedUsingEffectiveInterestMethod"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_RevenueFromInterest_356c5562-8d27-485b-86c6-538d145013db" xlink:to="loc_ifrs-full_InterestRevenueCalculatedUsingEffectiveInterestMethod_e20c1bc4-9ff1-4e4b-8ecd-31bfbd44861c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherInterestIncome_b2b7f679-3942-415b-b874-b24470060483" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherInterestIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_RevenueFromInterest_356c5562-8d27-485b-86c6-538d145013db" xlink:to="loc_bbva_OtherInterestIncome_b2b7f679-3942-415b-b874-b24470060483" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdministrativeExpense_9a4a6b0f-78e1-4ab2-923c-1f551b3e4b3f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdministrativeExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense_a45350f3-ea79-4ba4-b449-2f5cabd58e8b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EmployeeBenefitsExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AdministrativeExpense_9a4a6b0f-78e1-4ab2-923c-1f551b3e4b3f" xlink:to="loc_ifrs-full_EmployeeBenefitsExpense_a45350f3-ea79-4ba4-b449-2f5cabd58e8b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherExpenseByFunction_25dd359b-0885-4f11-b57b-d83308567f51" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherExpenseByFunction"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AdministrativeExpense_9a4a6b0f-78e1-4ab2-923c-1f551b3e4b3f" xlink:to="loc_ifrs-full_OtherExpenseByFunction_25dd359b-0885-4f11-b57b-d83308567f51" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax_2cc681db-5629-4340-a3e9-edfcabf2276d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations_82f4db28-b512-45d5-9e1b-0193e0317c4f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_2cc681db-5629-4340-a3e9-edfcabf2276d" xlink:to="loc_bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations_82f4db28-b512-45d5-9e1b-0193e0317c4f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities_f0340121-1c75-4c7a-886a-9e076d663fbf" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_2cc681db-5629-4340-a3e9-edfcabf2276d" xlink:to="loc_ifrs-full_ProfitLossFromOperatingActivities_f0340121-1c75-4c7a-886a-9e076d663fbf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NegativeGoodwillRecognizedInProfitOrLoss_6759f6ec-5259-4b46-9b38-d30a75037254" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NegativeGoodwillRecognizedInProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_2cc681db-5629-4340-a3e9-edfcabf2276d" xlink:to="loc_bbva_NegativeGoodwillRecognizedInProfitOrLoss_6759f6ec-5259-4b46-9b38-d30a75037254" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_b7eebc52-7212-420a-9e22-d4f4bc736a6f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_2cc681db-5629-4340-a3e9-edfcabf2276d" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_b7eebc52-7212-420a-9e22-d4f4bc736a6f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates_6387f792-1acc-4ad1-824b-fb59862d8223" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_2cc681db-5629-4340-a3e9-edfcabf2276d" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates_6387f792-1acc-4ad1-824b-fb59862d8223" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet_28c5af5e-24c4-4d94-89ff-d64cb3a1f688" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_2cc681db-5629-4340-a3e9-edfcabf2276d" xlink:to="loc_bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet_28c5af5e-24c4-4d94-89ff-d64cb3a1f688" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_5f635ad1-2f0d-4d06-91af-b88ceacaba89" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_c762ba4f-27bf-456f-a9ce-9b6b49e7e376" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_5f635ad1-2f0d-4d06-91af-b88ceacaba89" xlink:to="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_c762ba4f-27bf-456f-a9ce-9b6b49e7e376" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_6ececeb5-8b96-4cfe-96e2-0790d01ac73e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_5f635ad1-2f0d-4d06-91af-b88ceacaba89" xlink:to="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_6ececeb5-8b96-4cfe-96e2-0790d01ac73e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GrossProfit"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_3b866f39-0cce-48d2-a892-39fc1d49c717" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_3b866f39-0cce-48d2-a892-39fc1d49c717" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionIncome_312b3852-378b-4e03-8eba-ffbcd33cc052" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FeeAndCommissionIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_FeeAndCommissionIncome_312b3852-378b-4e03-8eba-ffbcd33cc052" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueExpense_eff6e5b9-bd76-45ee-bd58-51f19fc00d08" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestRevenueExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_InterestRevenueExpense_eff6e5b9-bd76-45ee-bd58-51f19fc00d08" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_acd86c32-4e0c-4c4a-b7e8-642ecc72fe1b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_acd86c32-4e0c-4c4a-b7e8-642ecc72fe1b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense_65d6b7cf-eb7e-43bb-be7e-5719addcebf7" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_MiscellaneousOtherOperatingExpense"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_MiscellaneousOtherOperatingExpense_65d6b7cf-eb7e-43bb-be7e-5719addcebf7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet_b374367f-e569-4a23-9e01-a7e5c1f79a5c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet_b374367f-e569-4a23-9e01-a7e5c1f79a5c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeArisingFromInsuranceContracts_33197c4d-fcaf-4fb1-b0df-1ecb984244e7" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeArisingFromInsuranceContracts"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_IncomeArisingFromInsuranceContracts_33197c4d-fcaf-4fb1-b0df-1ecb984244e7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingIncome_51a9b522-141e-43c7-a43e-11cff27843de" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_MiscellaneousOtherOperatingIncome"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_MiscellaneousOtherOperatingIncome_51a9b522-141e-43c7-a43e-11cff27843de" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseArisingFromInsuranceContracts_35d9fa8f-f673-4482-ba47-b2e45f2ac459" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ExpenseArisingFromInsuranceContracts"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_ExpenseArisingFromInsuranceContracts_35d9fa8f-f673-4482-ba47-b2e45f2ac459" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_96c998ff-bd8d-47d2-a585-133b094804e2" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_96c998ff-bd8d-47d2-a585-133b094804e2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_260962fb-aa94-430f-bf5d-fce2fb90e851" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_260962fb-aa94-430f-bf5d-fce2fb90e851" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromDividends_b1deced2-e3d4-4787-b103-d521ca4c30d4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevenueFromDividends"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_RevenueFromDividends_b1deced2-e3d4-4787-b103-d521ca4c30d4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionExpense_677499c9-0f2e-49df-9612-71b9aa0d32d2" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FeeAndCommissionExpense"/>
    <link:calculationArc order="13" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_ifrs-full_FeeAndCommissionExpense_677499c9-0f2e-49df-9612-71b9aa0d32d2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_ddba26dc-9b03-4da6-9c01-d54f1348d3d2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_ddba26dc-9b03-4da6-9c01-d54f1348d3d2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_5f43914c-455a-4664-856e-059969e4b112" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_e2eaf3a1-4ebb-46ff-89d1-14426f09f050" xlink:to="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_5f43914c-455a-4664-856e-059969e4b112" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations_ed975f6a-eb12-483d-a323-c355ed5433ef" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax_42fd647f-eae1-48e8-a9a4-172fda0429cf" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromContinuingOperations_ed975f6a-eb12-483d-a323-c355ed5433ef" xlink:to="loc_ifrs-full_ProfitLossBeforeTax_42fd647f-eae1-48e8-a9a4-172fda0429cf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_f26cb808-17a8-44cc-9eb7-6d12e2b27549" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromContinuingOperations_ed975f6a-eb12-483d-a323-c355ed5433ef" xlink:to="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_f26cb808-17a8-44cc-9eb7-6d12e2b27549" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_0c85787a-cfc7-4402-ac88-ecc1111892ab" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost_56327c9a-13af-4d9b-b273-683627d979c5" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_0c85787a-cfc7-4402-ac88-ecc1111892ab" xlink:to="loc_bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost_56327c9a-13af-4d9b-b273-683627d979c5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfOtherFinancialAssetsAndLiabilities_7b84fbbb-0a21-431f-a4f4-7eb919f19c62" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsLossesOnDerecognitionOfOtherFinancialAssetsAndLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_0c85787a-cfc7-4402-ac88-ecc1111892ab" xlink:to="loc_bbva_GainsLossesOnDerecognitionOfOtherFinancialAssetsAndLiabilities_7b84fbbb-0a21-431f-a4f4-7eb919f19c62" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_4b642604-e627-4818-bab0-faa6aa32465b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnOtherNonFinancialAssets_a7de86c1-d788-4849-b7ff-f8f7c74934ef" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOnOtherNonFinancialAssets"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_4b642604-e627-4818-bab0-faa6aa32465b" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOnOtherNonFinancialAssets_a7de86c1-d788-4849-b7ff-f8f7c74934ef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets_ee806cf2-be1a-433c-91c7-dc377a82f336" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_4b642604-e627-4818-bab0-faa6aa32465b" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets_ee806cf2-be1a-433c-91c7-dc377a82f336" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill_454c2785-dbf8-4563-8d76-31ad152b9b19" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_4b642604-e627-4818-bab0-faa6aa32465b" xlink:to="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill_454c2785-dbf8-4563-8d76-31ad152b9b19" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities_ee104c76-70a6-4c7d-8d23-b3d525e82ebb" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdministrativeExpense_651e11fa-b552-44f7-97c3-6f105e183202" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdministrativeExpense"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_ee104c76-70a6-4c7d-8d23-b3d525e82ebb" xlink:to="loc_ifrs-full_AdministrativeExpense_651e11fa-b552-44f7-97c3-6f105e183202" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossOnFinancialAssets_aaf79609-e1ad-4860-827b-d52fe6f0f108" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossOnFinancialAssets"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_ee104c76-70a6-4c7d-8d23-b3d525e82ebb" xlink:to="loc_ifrs-full_ImpairmentLossOnFinancialAssets_aaf79609-e1ad-4860-827b-d52fe6f0f108" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossProfit_015414eb-02c5-4de4-80b6-ef49c9339b65" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GrossProfit"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_ee104c76-70a6-4c7d-8d23-b3d525e82ebb" xlink:to="loc_ifrs-full_GrossProfit_015414eb-02c5-4de4-80b6-ef49c9339b65" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProvisionsOrReversalOfProvisions_1e60f41c-6b53-4e95-a4b2-57e3107a0fdc" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ProvisionsOrReversalOfProvisions"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_ee104c76-70a6-4c7d-8d23-b3d525e82ebb" xlink:to="loc_bbva_ProvisionsOrReversalOfProvisions_1e60f41c-6b53-4e95-a4b2-57e3107a0fdc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense_005da70b-e21e-428a-b970-72bb7267d31f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DepreciationAndAmortisationExpense"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_ee104c76-70a6-4c7d-8d23-b3d525e82ebb" xlink:to="loc_ifrs-full_DepreciationAndAmortisationExpense_005da70b-e21e-428a-b970-72bb7267d31f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodelresultadoglobalderesultadosporfuncindelgastoStatement_1" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#EstadodelresultadoglobalderesultadosporfuncindelgastoStatement_1"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodelresultadoglobalderesultadosporfuncindelgastoStatement_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_d0bd5d39-3b84-4e16-9c51-e6a0929c2df1" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations_61ab743a-7e74-43e1-808c-74e08d0d1142" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_d0bd5d39-3b84-4e16-9c51-e6a0929c2df1" xlink:to="loc_ifrs-full_ProfitLossFromContinuingOperations_61ab743a-7e74-43e1-808c-74e08d0d1142" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromDiscontinuedOperations_c1cc3216-6070-4b99-b3fc-f4894e12cb23" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_d0bd5d39-3b84-4e16-9c51-e6a0929c2df1" xlink:to="loc_ifrs-full_ProfitLossFromDiscontinuedOperations_c1cc3216-6070-4b99-b3fc-f4894e12cb23" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome_13355130-8f67-4948-bf1f-2801fabf83cd" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_f0ec6d75-3c4b-4bc8-b1cb-30932b3d9d57" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_13355130-8f67-4948-bf1f-2801fabf83cd" xlink:to="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_f0ec6d75-3c4b-4bc8-b1cb-30932b3d9d57" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_3f7d871b-54d3-4336-a4fc-1ba6d4a55f58" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_13355130-8f67-4948-bf1f-2801fabf83cd" xlink:to="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_3f7d871b-54d3-4336-a4fc-1ba6d4a55f58" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_dc480d78-4807-4cb4-9712-6321b0fed82c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_fdc3ae91-8809-4b94-841d-be786424cb94" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_dc480d78-4807-4cb4-9712-6321b0fed82c" xlink:to="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_fdc3ae91-8809-4b94-841d-be786424cb94" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_5ddc7fc5-bb1c-42f9-9c4d-02ff81b87761" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_dc480d78-4807-4cb4-9712-6321b0fed82c" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_5ddc7fc5-bb1c-42f9-9c4d-02ff81b87761" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax_df3c5343-8d1e-4d7d-8233-40e87adb2e2b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_dc480d78-4807-4cb4-9712-6321b0fed82c" xlink:to="loc_ifrs-full_AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax_df3c5343-8d1e-4d7d-8233-40e87adb2e2b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsCashFlowHedgesEffectivePortion_cd0b3dde-020b-45de-b864-9bfbda456483" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherReclassificationsCashFlowHedgesEffectivePortion"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_dc480d78-4807-4cb4-9712-6321b0fed82c" xlink:to="loc_bbva_OtherReclassificationsCashFlowHedgesEffectivePortion_cd0b3dde-020b-45de-b864-9bfbda456483" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_b89febf3-e926-4516-a7c5-f0788aec3227" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_67868207-1d62-4ba7-b8df-258b08eef4a2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_b89febf3-e926-4516-a7c5-f0788aec3227" xlink:to="loc_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_67868207-1d62-4ba7-b8df-258b08eef4a2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss_74b40cdc-c985-4c06-a74d-8825d3f040e6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_b89febf3-e926-4516-a7c5-f0788aec3227" xlink:to="loc_bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss_74b40cdc-c985-4c06-a74d-8825d3f040e6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale_0df4d7c6-b325-4db2-bf80-60da81a889d2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_b89febf3-e926-4516-a7c5-f0788aec3227" xlink:to="loc_bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale_0df4d7c6-b325-4db2-bf80-60da81a889d2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_674d9425-a487-4dac-bcb4-dc3bf58e4e8e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_a5f71799-ac54-43e8-9c2d-8b0aec6175bc" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_674d9425-a487-4dac-bcb4-dc3bf58e4e8e" xlink:to="loc_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_a5f71799-ac54-43e8-9c2d-8b0aec6175bc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_66686d8f-e9f3-4628-b436-f0559bcfbd8b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_674d9425-a487-4dac-bcb4-dc3bf58e4e8e" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_66686d8f-e9f3-4628-b436-f0559bcfbd8b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsHedgeOfNetInvestmentsInForeignOperations_e6f84496-4f31-45d7-9cbd-8a79a36a70d9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherReclassificationsHedgeOfNetInvestmentsInForeignOperations"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_674d9425-a487-4dac-bcb4-dc3bf58e4e8e" xlink:to="loc_bbva_OtherReclassificationsHedgeOfNetInvestmentsInForeignOperations_e6f84496-4f31-45d7-9cbd-8a79a36a70d9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_6455c78b-7617-4707-b980-427942068533" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_1d2048ad-d1f0-4f7f-82ea-00ae140e43cb" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_6455c78b-7617-4707-b980-427942068533" xlink:to="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_1d2048ad-d1f0-4f7f-82ea-00ae140e43cb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_58394e9f-cb29-4db7-be5a-970cd3047c30" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_6455c78b-7617-4707-b980-427942068533" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_58394e9f-cb29-4db7-be5a-970cd3047c30" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_228589d7-b4b5-4fb5-a8dd-3af8d3b830ad" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_6455c78b-7617-4707-b980-427942068533" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_228589d7-b4b5-4fb5-a8dd-3af8d3b830ad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_9b60fbe7-1be2-406a-86ca-763e3d236265" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_6455c78b-7617-4707-b980-427942068533" xlink:to="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_9b60fbe7-1be2-406a-86ca-763e3d236265" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_16f9f87b-4cfb-4945-aa3a-40c11e6773f1" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_6455c78b-7617-4707-b980-427942068533" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_16f9f87b-4cfb-4945-aa3a-40c11e6773f1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_3a0ed0c4-c4a2-4370-9bb7-9bf494dbd4ec" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_6455c78b-7617-4707-b980-427942068533" xlink:to="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_3a0ed0c4-c4a2-4370-9bb7-9bf494dbd4ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_da4d4b22-88fd-434e-a45a-34e3eafc2e29" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_6455c78b-7617-4707-b980-427942068533" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_da4d4b22-88fd-434e-a45a-34e3eafc2e29" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_97466c55-e2ee-4bf7-9dfc-6d7c752ee750" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_053be9f0-4992-41d8-a97d-9e590bf1e94b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_97466c55-e2ee-4bf7-9dfc-6d7c752ee750" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_053be9f0-4992-41d8-a97d-9e590bf1e94b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossNetOfTax_60a8c010-6c11-4c14-a26d-9382f9854985" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_97466c55-e2ee-4bf7-9dfc-6d7c752ee750" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossNetOfTax_60a8c010-6c11-4c14-a26d-9382f9854985" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_f3acae79-f66c-4c8e-9d2b-8ea82bf7b940" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_97466c55-e2ee-4bf7-9dfc-6d7c752ee750" xlink:to="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_f3acae79-f66c-4c8e-9d2b-8ea82bf7b940" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_0a37c39b-9742-4220-8741-7c2ec7061b4a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_97466c55-e2ee-4bf7-9dfc-6d7c752ee750" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_0a37c39b-9742-4220-8741-7c2ec7061b4a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_8fa4c6a8-0c5d-4d4b-8bf4-ed23796d6868" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_97466c55-e2ee-4bf7-9dfc-6d7c752ee750" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_8fa4c6a8-0c5d-4d4b-8bf4-ed23796d6868" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_485f659a-b766-4b46-98d1-d50fc1dfeaac" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_97466c55-e2ee-4bf7-9dfc-6d7c752ee750" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_485f659a-b766-4b46-98d1-d50fc1dfeaac" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_92ba9e6e-0f08-42dd-9262-1fe6bd977863" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_97466c55-e2ee-4bf7-9dfc-6d7c752ee750" xlink:to="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_92ba9e6e-0f08-42dd-9262-1fe6bd977863" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_fa214a72-1d96-47ca-8c94-717de9d7f5bd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_70b33200-6ed2-4794-af16-5a24b7e64b63" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_fa214a72-1d96-47ca-8c94-717de9d7f5bd" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_70b33200-6ed2-4794-af16-5a24b7e64b63" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_33337b24-9c6b-4794-9fae-ef2299dfbbe7" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherReclassificationsDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_fa214a72-1d96-47ca-8c94-717de9d7f5bd" xlink:to="loc_bbva_OtherReclassificationsDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_33337b24-9c6b-4794-9fae-ef2299dfbbe7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_152a30a0-37c0-4806-a1f0-c9f737161cad" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_fa214a72-1d96-47ca-8c94-717de9d7f5bd" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_152a30a0-37c0-4806-a1f0-c9f737161cad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_fff25e26-7925-474d-b2ac-d31f7247ed93" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_0448ab8c-a292-46d7-8e63-a48313553ec9" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_fff25e26-7925-474d-b2ac-d31f7247ed93" xlink:to="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_0448ab8c-a292-46d7-8e63-a48313553ec9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_c1b379e4-fa12-4118-a152-2f5887e4772d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_fff25e26-7925-474d-b2ac-d31f7247ed93" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_c1b379e4-fa12-4118-a152-2f5887e4772d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsForeignCurrencyTranslation_05408563-fe99-49df-80fb-f00f6c0dd2a9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherReclassificationsForeignCurrencyTranslation"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_fff25e26-7925-474d-b2ac-d31f7247ed93" xlink:to="loc_bbva_OtherReclassificationsForeignCurrencyTranslation_05408563-fe99-49df-80fb-f00f6c0dd2a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_424d3f16-dc0d-4da5-8653-812c4b80dcbb" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_5145e467-628f-46f3-9d64-e56e139c34fb" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_424d3f16-dc0d-4da5-8653-812c4b80dcbb" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_5145e467-628f-46f3-9d64-e56e139c34fb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_386ce80f-42a0-41cf-92ea-ee964fd2d401" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_424d3f16-dc0d-4da5-8653-812c4b80dcbb" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_386ce80f-42a0-41cf-92ea-ee964fd2d401" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement_1" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement_1"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome_2d83ee86-1460-46f8-9ff1-7738b8677163" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_dd7aefcf-3cfc-4807-a570-32d5bbb3ed83" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_2d83ee86-1460-46f8-9ff1-7738b8677163" xlink:to="loc_ifrs-full_ProfitLoss_dd7aefcf-3cfc-4807-a570-32d5bbb3ed83" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_1146089e-ea4d-4743-81c9-094e9cceb2b4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_2d83ee86-1460-46f8-9ff1-7738b8677163" xlink:to="loc_ifrs-full_OtherComprehensiveIncome_1146089e-ea4d-4743-81c9-094e9cceb2b4" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodeflujosdeefectivomtodoindirectoStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#EstadodeflujosdeefectivomtodoindirectoStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodeflujosdeefectivomtodoindirectoStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale_87463599-5d55-4286-9e0d-98fd1b40eddb" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_cb74096b-eab0-4f1f-a333-75e51280c00f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale_87463599-5d55-4286-9e0d-98fd1b40eddb" xlink:to="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_cb74096b-eab0-4f1f-a333-75e51280c00f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_f64c5bd6-fe0d-4b8b-b2e9-ecb9511917d3" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale_87463599-5d55-4286-9e0d-98fd1b40eddb" xlink:to="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_f64c5bd6-fe0d-4b8b-b2e9-ecb9511917d3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_6486478e-7b5d-4054-b3ec-656cb776489b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale_87463599-5d55-4286-9e0d-98fd1b40eddb" xlink:to="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_6486478e-7b5d-4054-b3ec-656cb776489b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_5854b9ff-2e27-4daa-bba2-6293dc42fd0d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale_87463599-5d55-4286-9e0d-98fd1b40eddb" xlink:to="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_5854b9ff-2e27-4daa-bba2-6293dc42fd0d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsFromFinancingActivities_6c09d8a3-5de1-497e-8771-9c7bf5a9cf45" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_CollectionsFromFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_0d48595f-876f-423d-9c92-d9de90c7fcda" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_CollectionsFromFinancingActivities_6c09d8a3-5de1-497e-8771-9c7bf5a9cf45" xlink:to="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_0d48595f-876f-423d-9c92-d9de90c7fcda" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssuingShares_ffe760e3-8400-4b98-b335-70849c603a6e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProceedsFromIssuingShares"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_CollectionsFromFinancingActivities_6c09d8a3-5de1-497e-8771-9c7bf5a9cf45" xlink:to="loc_ifrs-full_ProceedsFromIssuingShares_ffe760e3-8400-4b98-b335-70849c603a6e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsTreasurySharesDisposal_a2638bc2-4886-4fd3-a974-f3671a808e35" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_CollectionsTreasurySharesDisposal"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_CollectionsFromFinancingActivities_6c09d8a3-5de1-497e-8771-9c7bf5a9cf45" xlink:to="loc_bbva_CollectionsTreasurySharesDisposal_a2638bc2-4886-4fd3-a974-f3671a808e35" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherItemsRelatingToFinancingActivities_25fc3ae1-83f2-469f-8d8e-e2b25da068ef" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherItemsRelatingToFinancingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_CollectionsFromFinancingActivities_6c09d8a3-5de1-497e-8771-9c7bf5a9cf45" xlink:to="loc_bbva_OtherItemsRelatingToFinancingActivities_25fc3ae1-83f2-469f-8d8e-e2b25da068ef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_d7606fc3-3bf5-4b5d-9805-1658d7df1f83" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_IncreaseDecreaseInFinancialLiabilitiesAtAmortizedCost_a4f59e51-30e7-4e19-8efe-ad6426d14258" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_IncreaseDecreaseInFinancialLiabilitiesAtAmortizedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_d7606fc3-3bf5-4b5d-9805-1658d7df1f83" xlink:to="loc_bbva_IncreaseDecreaseInFinancialLiabilitiesAtAmortizedCost_a4f59e51-30e7-4e19-8efe-ad6426d14258" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_IncreaseDecreaseInOtherFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss_d7ab8389-c593-418b-8fa2-691c56771e0f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_IncreaseDecreaseInOtherFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_d7606fc3-3bf5-4b5d-9805-1658d7df1f83" xlink:to="loc_bbva_IncreaseDecreaseInOtherFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss_d7ab8389-c593-418b-8fa2-691c56771e0f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading_1d31b0d0-f745-44fd-bb58-d9adca06dea9" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_d7606fc3-3bf5-4b5d-9805-1658d7df1f83" xlink:to="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading_1d31b0d0-f745-44fd-bb58-d9adca06dea9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_3f1be073-3856-40d2-a464-74cfe29e1815" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_d7606fc3-3bf5-4b5d-9805-1658d7df1f83" xlink:to="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_3f1be073-3856-40d2-a464-74cfe29e1815" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_af9410eb-bf95-400a-be18-ca0290674879" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_820139f9-4344-4389-9536-2ca6796377e3" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_af9410eb-bf95-400a-be18-ca0290674879" xlink:to="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_820139f9-4344-4389-9536-2ca6796377e3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_e852b334-d5af-47f4-b60b-8bf1110778ea" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_af9410eb-bf95-400a-be18-ca0290674879" xlink:to="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_e852b334-d5af-47f4-b60b-8bf1110778ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_bee9e331-920e-462a-898c-e09fad6cf411" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_af9410eb-bf95-400a-be18-ca0290674879" xlink:to="loc_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_bee9e331-920e-462a-898c-e09fad6cf411" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_17c6cb4d-3d81-495a-aa7c-d54192ee1956" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_af9410eb-bf95-400a-be18-ca0290674879" xlink:to="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_17c6cb4d-3d81-495a-aa7c-d54192ee1956" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites_fba6ebf5-f59f-4077-a64f-8e2296548cdc" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_af9410eb-bf95-400a-be18-ca0290674879" xlink:to="loc_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites_fba6ebf5-f59f-4077-a64f-8e2296548cdc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InvestmentOtherSettlementsRelatedToInvestingActivities_b5ebd4de-efe4-400b-a226-25a52b9baa15" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_InvestmentOtherSettlementsRelatedToInvestingActivities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_af9410eb-bf95-400a-be18-ca0290674879" xlink:to="loc_bbva_InvestmentOtherSettlementsRelatedToInvestingActivities_b5ebd4de-efe4-400b-a226-25a52b9baa15" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_69674e29-ff16-44d8-8960-59e0d063fbe0" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_1dd781a7-c9d0-4ab3-9283-a16680e99ae9" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_69674e29-ff16-44d8-8960-59e0d063fbe0" xlink:to="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_1dd781a7-c9d0-4ab3-9283-a16680e99ae9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InflowsOfCashFromInvestingActivities_0d246add-6838-4e99-98ee-5323e9846b39" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InflowsOfCashFromInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_69674e29-ff16-44d8-8960-59e0d063fbe0" xlink:to="loc_ifrs-full_InflowsOfCashFromInvestingActivities_0d246add-6838-4e99-98ee-5323e9846b39" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_30eba998-ba61-4191-9dd0-d79ea9dd51f3" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_77bb1c7a-429d-4643-be20-8ec3484b472f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_30eba998-ba61-4191-9dd0-d79ea9dd51f3" xlink:to="loc_ifrs-full_ProfitLoss_77bb1c7a-429d-4643-be20-8ec3484b472f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_2e123930-fb50-48ef-be58-ec43c056205f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_30eba998-ba61-4191-9dd0-d79ea9dd51f3" xlink:to="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_2e123930-fb50-48ef-be58-ec43c056205f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_f3ea5e57-c386-4bb3-a8b4-42ff2e68256a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_30eba998-ba61-4191-9dd0-d79ea9dd51f3" xlink:to="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_f3ea5e57-c386-4bb3-a8b4-42ff2e68256a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_a4f6d475-6780-4131-9bba-56bbe28cef49" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_30eba998-ba61-4191-9dd0-d79ea9dd51f3" xlink:to="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_a4f6d475-6780-4131-9bba-56bbe28cef49" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_5cd11208-448e-44cc-8974-b6d2832a1bd8" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_30eba998-ba61-4191-9dd0-d79ea9dd51f3" xlink:to="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_5cd11208-448e-44cc-8974-b6d2832a1bd8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InflowsOfCashFromInvestingActivities_b644b85d-4188-4236-ba87-9ac33ff3de85" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InflowsOfCashFromInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_db5479a7-3a8b-46ad-b596-5784a25c7df0" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_b644b85d-4188-4236-ba87-9ac33ff3de85" xlink:to="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_db5479a7-3a8b-46ad-b596-5784a25c7df0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_b70026a1-0326-491f-9bfd-60dfb0ca30a4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_b644b85d-4188-4236-ba87-9ac33ff3de85" xlink:to="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_b70026a1-0326-491f-9bfd-60dfb0ca30a4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities_144755a1-6da3-47ae-af4e-fc16e4abedff" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_b644b85d-4188-4236-ba87-9ac33ff3de85" xlink:to="loc_ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities_144755a1-6da3-47ae-af4e-fc16e4abedff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_bff60c3d-b0f4-4fab-95a5-1f3bcd813ddb" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_b644b85d-4188-4236-ba87-9ac33ff3de85" xlink:to="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_bff60c3d-b0f4-4fab-95a5-1f3bcd813ddb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherCollectionsRelatedToInvestingActivities_0ac3d8b6-e87e-4a4a-ab2a-8df798c9d98b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherCollectionsRelatedToInvestingActivities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_b644b85d-4188-4236-ba87-9ac33ff3de85" xlink:to="loc_bbva_OtherCollectionsRelatedToInvestingActivities_0ac3d8b6-e87e-4a4a-ab2a-8df798c9d98b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_33e96fc0-ef8e-4b8a-ae29-0057e1f97754" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_b644b85d-4188-4236-ba87-9ac33ff3de85" xlink:to="loc_ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_33e96fc0-ef8e-4b8a-ae29-0057e1f97754" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_c39cba5e-094d-4086-a6c2-43e086aa916b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_e9da5258-f7ae-4990-b9b2-a38a5bba32de" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_c39cba5e-094d-4086-a6c2-43e086aa916b" xlink:to="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_e9da5258-f7ae-4990-b9b2-a38a5bba32de" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_0dd9d8a7-9478-49a0-ae14-c53559392bcc" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherAdjustmentsToReconcileProfitLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_c39cba5e-094d-4086-a6c2-43e086aa916b" xlink:to="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_0dd9d8a7-9478-49a0-ae14-c53559392bcc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_79179d0a-15ab-415f-9165-4d5292e98030" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_PaymentsFromFinancingActivities_29738f6d-1439-427a-9d95-39ab6595ad5a" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_PaymentsFromFinancingActivities"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_79179d0a-15ab-415f-9165-4d5292e98030" xlink:to="loc_bbva_PaymentsFromFinancingActivities_29738f6d-1439-427a-9d95-39ab6595ad5a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsFromFinancingActivities_c350cbef-150a-4e25-bfd3-4db111f114c9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_CollectionsFromFinancingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_79179d0a-15ab-415f-9165-4d5292e98030" xlink:to="loc_bbva_CollectionsFromFinancingActivities_c350cbef-150a-4e25-bfd3-4db111f114c9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_PaymentsFromFinancingActivities_896ada0d-9ea4-42bc-983d-7c9b3b168685" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_PaymentsFromFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_d13fbb69-6187-4c7d-9c43-a58f4d5b5eac" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_PaymentsFromFinancingActivities_896ada0d-9ea4-42bc-983d-7c9b3b168685" xlink:to="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_d13fbb69-6187-4c7d-9c43-a58f4d5b5eac" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities_c7640a64-a37a-4d82-be37-4e0cc0239aa2" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RepaymentsOfSubordinatedLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_PaymentsFromFinancingActivities_896ada0d-9ea4-42bc-983d-7c9b3b168685" xlink:to="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities_c7640a64-a37a-4d82-be37-4e0cc0239aa2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TreasuryStockAmortizationFromFinancingActivities_d764443f-e99a-449e-8cff-cca2bbe57e48" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TreasuryStockAmortizationFromFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_PaymentsFromFinancingActivities_896ada0d-9ea4-42bc-983d-7c9b3b168685" xlink:to="loc_bbva_TreasuryStockAmortizationFromFinancingActivities_d764443f-e99a-449e-8cff-cca2bbe57e48" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TreasuryStockAcquisitionsFromFinancingActivities_8ec9a48b-2b87-4eb8-9953-e5b0f61dc8fc" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TreasuryStockAcquisitionsFromFinancingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_PaymentsFromFinancingActivities_896ada0d-9ea4-42bc-983d-7c9b3b168685" xlink:to="loc_bbva_TreasuryStockAcquisitionsFromFinancingActivities_8ec9a48b-2b87-4eb8-9953-e5b0f61dc8fc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherPaymentsRelatingToFinancingActivities_9198e5f0-161f-42b4-9489-b85a797017a1" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherPaymentsRelatingToFinancingActivities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_PaymentsFromFinancingActivities_896ada0d-9ea4-42bc-983d-7c9b3b168685" xlink:to="loc_bbva_OtherPaymentsRelatingToFinancingActivities_9198e5f0-161f-42b4-9489-b85a797017a1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_1338760a-b1be-4e42-8b90-628a88afaf96" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_b252f2da-0c11-4286-a79e-1d6e6199a4e1" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_1338760a-b1be-4e42-8b90-628a88afaf96" xlink:to="loc_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_b252f2da-0c11-4286-a79e-1d6e6199a4e1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_32aa9462-fc86-4221-8de6-eeee66e0d51c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_1338760a-b1be-4e42-8b90-628a88afaf96" xlink:to="loc_bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_32aa9462-fc86-4221-8de6-eeee66e0d51c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading_05e2c013-41cf-4a88-8ce1-265236ddd733" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_1338760a-b1be-4e42-8b90-628a88afaf96" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading_05e2c013-41cf-4a88-8ce1-265236ddd733" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_82f507df-fcc9-4be8-831d-21172603086a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_1338760a-b1be-4e42-8b90-628a88afaf96" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_82f507df-fcc9-4be8-831d-21172603086a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInFinancialAssetsAtAmortizedCost_05c0fa61-8154-4876-955b-ee71620c1e8b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NetIncreaseDecreaseInFinancialAssetsAtAmortizedCost"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_1338760a-b1be-4e42-8b90-628a88afaf96" xlink:to="loc_bbva_NetIncreaseDecreaseInFinancialAssetsAtAmortizedCost_05c0fa61-8154-4876-955b-ee71620c1e8b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_666c6aed-a53a-4533-9e5d-b41606c5f252" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NetIncreaseDecreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_1338760a-b1be-4e42-8b90-628a88afaf96" xlink:to="loc_bbva_NetIncreaseDecreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_666c6aed-a53a-4533-9e5d-b41606c5f252" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
