UNITED STATES SECURITIES AND EXCHANGE

COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September, 2022

Commission file number: 1-10110

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

(Exact name of Registrant as specified in its charter)

BANK BILBAO VIZCAYA ARGENTARIA, S.A.

(Translation of Registrant’s name into English)

Calle Azul 4,

28050 Madrid

Spain

(Address of principal executive offices)

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

Form 20-F             X                          Form 40-F

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

Yes                                     No                 X

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

Yes                                     No                 X

BBVA Growing Profitability Engine BofA Financials CEO Conference September 2022

Disclaimer This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such specific issue. No one who becomes aware of the information contained in this report should regard it as definitive, because it is subject to changes and modifications. This document contains or may contain forward looking statements (in the usual meaning and within the meaning of the US Private Securities Litigation Reform Act of 1995) regarding intentions, expectations or projections of BBVA or of its management on the date thereof, that refer to or incorporate various assumptions and projections, including projections about the future earnings of the business. The statements contained herein are based on our current projections, but the actual results may be substantially modified in the future by various risks and other factors that may cause the results or final decisions to differ from such intentions, projections or estimates. These factors include, without limitation, (1) the market situation, macroeconomic factors, regulatory, political or government guidelines, (2) domestic and international stock market movements, exchange rates and interest rates, (3) competitive pressures, (4) technological changes, (5) alterations in the financial situation, creditworthiness or solvency of our customers, debtors or counterparts. These factors could cause or result in actual events differing from the information and intentions stated, projected or forecast in this document or in other past or future documents. BBVA does not undertake to publicly revise the contents of this or any other document, either if the events are not as described herein, or if such events lead to changes in the information contained in this document. This document may contain summarised information or information that has not been audited, and its recipients are invited to consult the documentation and public information filed by BBVA with stock market supervisory bodies, in particular, the prospectuses and periodical information filed with the Spanish Securities Exchange Commission (CNMV) and the Annual Report on Form 20-F and information on Form 6-K that are filed with the US Securities and Exchange Commission. Distribution of this document in other jurisdictions may be prohibited, and recipients into whose possession this document comes shall be solely responsible for informing themselves about, and observing any such restrictions. By accepting this document you agree to be bound by the foregoing restrictions.

01 02 03 Superior performance Excellent based on our core Positive prospects ahead track record of strengths as a source of not fully reflected in delivering value to sustainable competitive market assumptions our shareholders advantages Excellent track record of delivering value to our shareholders Superior performance based on our core stengths as a source of sustainable competitive advantaes Postive prospects ahead not fully reflected in market assumptions

Excellent track record of value to our Excellent track record of delivering value to our shareholders 01

Industry leading profitability along the years STRONG PRE-PROVISION PROFIT GENERATING OUTSTANDING WITH LOW VOLATILITY PROFITABILITY ALONG THE YEARS PRE-PROVISION PROFIT / RWA ROTE 2019-6M22 PPP ANNUALIZED2 2019-6M22 NAP ANNUALIZED2,3 3.9 2019 2020 2021 2022 2019 2020 2021 2022 European Peer group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, NWG, SAN, SG, UBS and UCG. (2) Simple double of 1H22 results. (3) Excludes the US business sold to PNC for comparison purposes

Delivering in profit market share growth PRE-PROVISION PROFIT MARKET SHARE1 (%) 45 45 42.0% 40 40 34.4% 35 35 30 28.5% 30 26.0% 25 23.7% 22.1% 25 19.0% 21.4% 20 20 15 11.7% 15 10.6% 10 10 5 5 0 0 6M19 6M22 6M19 1H22 6M19 6M22 6M19 5M22 6M19 6M22 SPAIN MEXICO TURKEY COLOMBIA PERU (1) Pre-provision profit among the peer group in each country. Turkey market share among private banks peer group.

7 Beyond industry-leading profitability, an impressive growth in customer franchise leveraging digital capabilities NEW CUSTOMER ACQUISITION1 (BBVA GROUP, MILLION; % ACQUISITION THROUGH DIGITAL CHANNELS) DIGITAL 55% 6% 6M17 6M18 6M19 6M20 6M21 6M22 (1) Gross customer acquisition through own channels for retail segment. Excludes the US business sold to PNC for comparison purposes.

Leveraging digital capabilities also to grow sales SALES THROUGH DIGITAL CHANNELS (% GROWTH OF TOTAL SALES YTD, % OF DIGITAL TRANSACTIONS AND PRV1 OVER TOTAL SALES YTD) GROUP SPAIN MEXICO +36% +3% 73.5 +39% 76.7 UNITS 74.3 Total Sales UNITS Total Sales Total Sales UNITS 2 2,3 2 growth growth 53.5 growth 67.4 60.2 24.9 30.5 PRV PRV 23.4 PRV 22.7 18.2 17.7 6M17 6M18 6M19 6M20 6M21 6M22 6M17 6M18 6M19 6M20 6M21 6M22 6M17 6M18 6M19 6M20 6M21 6M22 TURKEY COLOMBIA PERU +219% +85% +82% Total Sales Total Sales 86.7 Total Sales 65.6 2 2 2 growth 85.9 growth UNITS growth 53.7 UNITS 51.9 56.4 UNITS 53.0 12.3 57.0 PRV PRV 7.6 48.1 PRV 8.6 6M17 6M18 6M19 6M20 6M21 6M22 6M17 6M18 6M19 6M20 6M21 6M22 6M17 6M18 6M19 6M20 6M21 6M22 Note: Group excludes USA, Venezuela, Chile, Paraguay. (1) Product Relative Value as a proxy of lifetime economic representation of units sold. (2) Total sales growth (Digital + non-digital PRV) 6M17-6M22. (3) Spain excludes insurance products PRV due to change in perimeter.

9 With a lean and efficient structure TARGET CUSTOMERS1 AND BRANCHES EVOLUTION (2017=100; % VAR. VS 2017) SPAIN MEXICO Target Customers +18% +76% Target Customers Branches -38% -6% Branches 2017 2018 2019 2020 2021 Jun-22 2017 2018 2019 2020 2021 Jun-22 TURKEY SOUTH AMERICA +61% Target Customers +32% Target Customers -13% -9% Branches Branches 2017 2018 2019 2020 2021 Jun-22 2017 2018 2019 2020 2021 Jun-22 (1) Target customers refers to those customers in which the bank wants to grow and retain, as they are considered valuable due to their assets, liabilities and/or transactionality with BBVA.

10 Outstanding revenues and earnings growth LEADING TO A SIGNIFICANT PROFITABILITY SUPERIOR REVENUE GROWTH INCREASE GROSS MARGIN GROWTH EARNINGS PER SHARE (6M19-6M22 CAGR) (2019-6M22 NAP ANNUALIZED1) +3.2% +93% +74% +1.9% European European Peer Group Peer Group Average2 Average2 (1) Simple double of 1H22 results. Reported EPS.(2) European Peer group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, NWG, SAN, SG, UBS and UCG.

11 Differential value creation to our shareholders SUPERIOR SHAREHOLDER RETURN OUTPACING OUR PEERS IN VALUE CREATION TOTAL SHAREHOLDER RETURN TANGIBLE BOOK VALUE PER SHARE (%, VAR 2019-2022 Sep 16th) + DIVIDENDS (2019-6M22 CAGR) 27% 18% +9.2% +5.4% -9% European Spanish European Peer Group Peers2 Peer Group Average1 Average1 (1) European Peer group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, NWG, SAN, SG, UBS and UCG. (2) Spanish Peer Group: BKT, CABK, SAB, SAN, UNI.

Superior performance based on strengths as a source of competitive Superior performance based on our core strengths as a source of sustainable competitive advantages 02

13 Our transformation has enabled us to have leading franchises in high growth markets STRONG POSITIONING LEADING PROFITABILITY 1 1 2 Market share (%) Ranking ROE (%) vs. industry (bps) SPAIN 13.4% #3 14.1% (+476 bps) MEXICO 24.3% #1 23.1% (+746 bps) TURKEY 17.7% #2 44.3% (-246 bps) COLOMBIA 11.0% #4 22.7% (+770 bps) PERU 20.5% #2 18.8% (+59 bps) (1) Latest available total loans market shares, Ranking among peer group. Turkey among private banks. (2) ROE under local criteria as of 6M22, except Colombia 5M22.

14 Achieving higher or growing market share in key businesses Total Loan market Bancassurance Credit Cards loans Mutual Funds share Life market share market share1 market share 40 40 35.3% 35 35 31.6% 30 30 25 25 17.9% 20 20 16.2% 14.3% 15 15.6% 15 11.4% 10.2% 8.0% 10 7.4% 10 5 5 13.4% 24.3% 10.0% 11.0% 20.5% 0 0 SPAIN MEXICO TURKEY COLOMBIA PERU Latest available market shares. (1) Spain and Peru refers to consumer + credit card loans. Colombia evolution from Jun-19 to May-22. Peru evolution from Jun-19 to Jun-22

15 Superior digital capabilities and leveraging globality to deliver efficiency and share best practices THERE IS BENEFIT TO GLOBALITY AS TECHNOLOGY COSTS, ESPECIALLY SOFTWARE DEVELOPMENT AND MAINTENANCE, CONTINUE INCREASING GLOBAL RETAIL MOBILE APP GLOBAL ENTERPRISE MOBILE APP (GLOMO)—Reutilization (GEMA)—Multi-segment global co-creation 81% 79% Design & Software Design & Software reusability reusability Top 1 Top 1 in 12 apps out of 14 in App market in 6 apps out of 6 in App market

16 Investing in innovation as an enabler for new capabilities SELECTIVE DIGITAL BANK INVESTMENTS VENTURE CAPITAL VEHICLES These investments support BUILT BASED INVESTMENTS the development of new ON EXISTING capabilities in the Group INFRASTRUCTURE BBVA Italy We have been incorporating Fintech venture capital fund >100k clients since with 6 unicorns learnings we acquired from these (UK) launch in late 2021 type of investments: Operating breakeven achieved (Europe, Infrastructure) Leading Chinese technology venture capital Madiva in Spain Valora home Expanding from Germany with 400+ portfolio appraisal to Spain, France and Italy companies, with focus on AI functionality (Brazil) Openpay in Mexico Payments in +15 million Investments in Sustainability Latam registered accounts

17 Leading the curve in sustainability LEADING BANK IN SUSTAINABLE FINANCE 2X OUR TARGET OF SUSTAINABLE FINANCING COMMITMENT ANNUALISED TARGET AS SHARE OF TOTAL ASSETS SUSTAINABILITY (%) AS GROWTH LEVER ~20% of the sustainable New target €112 Bn Peer 1 5.0 business originated is incremental Channeled since 2018 € 200 Bn (€14Bn in 2Q22) 4.0 Peer 2 3.6 Peer 3 3.4 Old target Peer 4 2.9 € 100 Bn Peer 5 2.5 Peer 6 2.3 2Q Peer 7 1.6 2018 2019 2020 2021 2022 2023 2024 2025 Peers: Credit Suisse, Deutsche Bank, HSBC, NatWest, Santander, Societé Générale and Standard Chartered. Data as of 4Q21.

Positive porospects ahead not fully reflected in market assumptions 03

19 Superior profitability and growth profile not reflected in share price performance P/TBV VS ROTE BBVA’s VALUATION3 (BBVA VS EUROPEAN PEER GROUP1) (€/share, € Bn) 6.31 4.93 +28% Peer 6 BBVA Peer 1 Peer 7 Peer 10 BBVA’s Analyst’s Peer 9 Peer 5 Share Price Target Price 2 Peer 13 Peer 3 Peer 12 Peer Peer 14 ROTE ANNUALIZED Peer 2 average 6M22 Peer 11 Peer 4 39.9 +27% Peer 8 31.5 -6.3% -20% BBVA’s SoTP using P/E 4 Market Cap of our local peers Jun-22 (1) European Peer group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, NWG, SAN, SG, UBS and UCG. (2) BBVA’s as reported. Peers ratios calculated with the balance sheet inputs as follows: ROTE = Group Attributed Profit / Average shareholders tangible equity for ROE (including valuation adjustments).(3) Market information from Bloomberg as of Sep 16th. SoTP calculated as follows: Latest company gathered consensus for 2024 multiplied by the P/E multiples of our domestic peers (Spain, Rest of Business and Corporate Center: CABK; Mexico: Banorte; Turkey: Garanti; in South America as there’s no similar peer we are using the one used by BBVA’s analysts in their SoTP). (4) Price and TBV as of June 30th :2022

20 BBVA ‘s market cap continuously and excessively affected by events in Turkey EVOLUTION OF BBVA’s SHARE PRICE BBVA EUROSTOXX Banks (BBVA share price vs EUROSTOXX Banks, Base =100) 7/18 8/20 3/21 11/21 4/22 Turkey rating Additional Dismissal of Garanti VTO Garanti VTO downgrade newsflow on the Turkey’s Central and TRY price increase Turkish economy Bank governor depreciation Value loss in -€2.4bn market cap vs. -€3.4bn Eurostoxx banks -€2.2bn -€1.9bn -€0.4bn Book Value of BBVA c.€4bn c. €6bn stake in Garanti Dec’17 base =100. Impacts estimated by comparison versus Eurostoxx Banks performance, the index with which BBVA has the highest correlation (0.9) since Dec’16.

21 Core businesses geared towards better results going forward NII SENSITIVITY TO CUSTOMER SPREADS 2022 GUIDANCE2 NII SENSITIVITY INTEREST RATES (%) Loans growth: NII growth: from slight from “flat to ASSET +15-20% QUALITY growth to slight growth” to at EURO BALANCE SHEET1 low-single digit around mid-single digit 2Q21 3Q21 4Q21 1Q22 2Q22 CAPITAL +3.9 from mid single from high single % digit to double digit to around MEXICO1 digit 20% FINTECHS 2Q21 3Q21 4Q21 1Q22 2Q22 Represents an improvement in (1) Estimated impact on NII in the next 12 months to +100 bps parallel interest rate movements. (2) Comparison of 2022 VALUE 2022 guidance guidance disclosed in 4Q21 results presentation vs 2022 guidance disclosed in 2Q22 results presentation. CREATION

22 Prudent and proactive risk management PRUDENT AND PROACTIVE RISK MANAGEMENT IS THE FIRST LINE OF DEFENSE NII NPL RATIO SENSITIVITY SOLID LIQUIDITY POSITION LTD <100% ASSET across all geographies QUALITY COVERAGE RATIO CAPITAL PRE PROVISION PROFIT AS A BUFFER (as of june 22) COST OF RISK 3.6% (YTD, FINTECHS o/ average loans 2019 2020 2021 Jun-22 Excludes the US business sold to PNC for comparison purposes VALUE CoR expected below 100 bps at Group level in 2022, in line with 2021 CREATION

23 Well prepared to face a change in the economic cycle SPAIN MEXICO TURKEY RETAIL BANKING CONSUMER FC LOANS NII of consumer loans of consumer loans Deleverage strategy since SENSITIVITY 85% 70% -53% origination given to origination given to 2015 “payroll” clients “payroll” clients of Project Finance loans have 70% of floating rate mortgages FC revenues (no FX risk) 75% ASSET originated before 2012 1.5x times higher average QUALITY (77% of stock at floating payroll at BBVA vs system’s of the exposure to the most rate) 83% FX sensitive clients in Stage 2 / 3 CAPITAL VERY SMALL BUSINESSES VERY SMALL BUSINESSES TL LOANS Enterprises deleveraging 60% of loan volumes with Mainly fixed rate and short term since 2008 guarantee from development to manage transactionality. 1 FINTECHS banks 41% of loan volumes with Asset quality metrics favoured by state guarantees Average guarantee: 50% salary and income growth. Average guarantee 75% VALUE CREATION (1) NAFIN and Bancomext

24 High quality and resilient capital to face future challenges STRONG CAPITAL HIGH RWAS DENSITY WITH A CAPITAL RESILIENCE POSITION LIMITED USE OF INTERNAL MODELS1 UNDER STRESS SCENARIOS NII SENSITIVITY CET1 FULLY LOADED RWA / TOTAL ASSETS LEVERAGE RATIO FL ADVERSE SCENARIO (%) JUN-22 JUN-22 CET1 FL 2020-2023 (DEPLETION, BPS.) 12.45% Peer 1 -258 46% 6.2% -303 ASSET 4.9% QUALITY Target Range Peer 2 % 27% -440 11.5%-12.0 Peer 3 -466 SREP Requirement Peer 4 -502 8.60% CAPITAL Peer avg -509 Peer 5 -562 Lowest Peers Peers Peer 6 -592 SREP requirement Well-positioned to face future Peer 7 -620 of the peer FINTECHS regulatory developments group Peer 8 -633 Jun-22 European Peer group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, European peers subject to last EBA ST: BNPP, CASA, LBG, NWG, SAN, SG, UBS and UCG. CMZ, DB, ISP, SAN, SG, UCG. VALUE (1) Credit RWA breakdown: 52% standardized model, 48% IRB. CREATION

25 Well prepared to compete against new entrants and fintechs Fintech growth story: The Mexican Case STRONG FINTECH GROWTH FIGURES BBVA MAINTAINS UNDISPUTABLE LEADERSHIP NII SENSITIVITY NEW STARTUPS FINTECH PER YEAR BBVA CREDIT CARD LOANS MARKET SHARE ( MEXICO, %) ASSET QUALITY 511 31.6% 394 CAGR 28.9% 14 CAPITAL % since 2019 2019 2021 2019 JUN-22 FINTECHS In different segments such as credit cards, loans, acquiring, insurance, crowdfunding & NEOBANKS VALUE CREATION

26 On track to achieve our ambitious long-term goals COST-TO-INCOME ROTE TBV/SHARE + DIVIDENDS (%) (%, ANNUALIZED) (YOY %) NII SENSITIVITY 2021-24 CAGR ASSET QUALITY NEW TARGET CUSTOMERS1 SUSTAINABLE FINANCE CAPITAL (MILLION CUMULATIVE) (€ BILLION, CUMULATIVE SINCE 2018) FINTECHS VALUE CREATION (1) Target customers refers to those customers in which the bank wants to grow and retain, as they are considered valuable due to their assets, liabilities and/or transactionality with BBVA.

27 Positive prospects in shareholder value creation DIVIDEND YIELD IMPLICIT DIVIDEND YIELD RANGE ACCORDING (%, Last 12M dividend and Share Price as of 2022 Sep 16th) TO OUR PAY-OUT POLICY3 NII SENSITIVITY 40% 50% 6.3% Payout Payout ASSET QUALITY 5.4% 4.2% Div. Div. yield yield CAPITAL ~7.6% ~9.5% European Spanish FINTECHS Peers1 Peers2 VALUE CREATION (1) European Peer group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, NWG, SAN, SG, UBS and UCG. (2) Spanish Peer Group BKT, CABK, SAB, SAN, UNI. (3) According to company latest gather analysts earnings consensus (2022 NAP €5,659Mn). Number of shares 6,030 million, excluding SBB. Share price as of September 16th, 2022.

BBVA Takeaways BBVA Delivered differential success 1 Strong competitive advantages 2 Positive prospects ahead 3

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SIGNATURE

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