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HSBC logoHSBC Holdings plc(HSBC)Earnings, Financials & Key Ratios

HSBC•NYSE•Banking & Credit
$91.40
$314.12B mkt cap·15.1× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryDiversified BanksSub-IndustryEuropean universal banks
AboutHSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions. This segment serves personal banking and high net worth individuals. The Commercial Banking segment provides credit and lending, treasury management, payment, cash management, commercial insurance, and investment services; commercial cards; international trade and receivables finance services; foreign exchange products; capital raising services on debt and equity markets; and advisory services. It serves small and medium sized enterprises, mid-market enterprises, and corporates. The Global Banking and Markets segment offers financing, advisory, and transaction services; and credit, rates, foreign exchange, equities, money markets, and securities services; and engages in principal investment activities. It serves government, corporate and institutional clients, and private investors. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom.Show more
  • Net Interest Income$34.88B+6.5%
  • Total Revenue$147.86B+3.2%
  • Net Income$22.34B-6.8%
  • Return on Equity11.84%-5.0%
  • Net Interest Margin1.08%-0.6%
  • Efficiency Ratio34.36%+40.3%
  • ROA0.71%-9.7%
  • Equity / Assets5.72%-10.2%
  • Book Value per Share52.70+1.3%
  • Tangible BV/Share48.97+0.6%
  • Debt/Equity2.68+112.7%
Analysis→Technical→

HSBC Key Insights

HSBC Holdings plc (HSBC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 33.7%
  • ✓Efficient operations: 34.4% efficiency ratio
  • ✓Healthy dividend yield of 3.6%
  • ✓Share count reduced 5.1% through buybacks
  • ✓Diversified revenue: 33.7% from non-interest income
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High debt to equity ratio of 2.7x
  • ✗Weak NIM of 1.1%
  • ✗Thin capital base

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

HSBC Price & Volume

HSBC Holdings plc (HSBC) stock price & volume — 10-year historical chart

Loading chart...

HSBC Growth Metrics

HSBC Holdings plc (HSBC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.43%
5 Years13.8%
3 Years24.75%
TTM-

Profit CAGR

10 Years5.15%
5 Years33.7%
3 Years12.81%
TTM-7.06%

EPS CAGR

10 Years6.58%
5 Years44.81%
3 Years18.89%
TTM-2.52%

Return on Capital

10 Years0.94%
5 Years1.34%
3 Years1.83%
Last Year1.43%

HSBC Recent Earnings

HSBC Holdings plc (HSBC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 5, 2026
EPS
$2.00
Est $2.18
-8.3%
Revenue
$19.1B
Est $18.6B
+2.8%
Q1 2026
Feb 25, 2026
EPS
$1.85
Est $1.80
+2.8%
Revenue
$17.7B
Est $17.0B
+4.0%
Q4 2025
Oct 28, 2025
EPS
$1.80
Est $1.65
+9.1%
Revenue
$33.5B
Est $16.0B
+108.8%
Q3 2025
Jul 30, 2025
EPS
$1.95
Est $1.62
+20.4%
Revenue
$14.4B
Est $16.4B
-12.4%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$2.00vs $2.18-8.3%
$19.1Bvs $18.6B+2.8%
Q1 2026Feb 25, 2026
$1.85vs $1.80+2.8%
$17.7Bvs $17.0B+4.0%
Q4 2025Oct 28, 2025
$1.80vs $1.65+9.1%
$33.5Bvs $16.0B+108.8%
Q3 2025Jul 30, 2025
$1.95vs $1.62+20.4%
$14.4Bvs $16.4B-12.4%
Based on last 12 quarters of dataView full earnings history →

HSBC Peer Comparison

HSBC Holdings plc (HSBC) competitors in European universal banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
C logoCCitigroup Inc.Direct Competitor222.93B127.5721.449.86%6.87%2.82
JPM logoJPMJPMorgan Chase & Co.Direct Competitor849.03B314.9015.9414.61%16.11%2.18
BAC logoBACBank of America CorporationDirect Competitor407.94B53.6014.03-1.91%10.1%1.21
BCS logoBCSBarclays PLCDirect Competitor82.43B24.0210.78-52.96%9.19%2.81
DB logoDBDeutsche Bank AGDirect Competitor61.26B32.028.83-8.25%8.7%3.18
UBS logoUBSUBS Group AGDirect Competitor140.31B45.2124.18-20.43%7%3.94
GS logoGSThe Goldman Sachs Group, Inc.Product Competitor291.19B937.3523.1217%12.59%5.06
MS logoMSMorgan StanleyProduct Competitor307.53B193.2824.3116.83%14.57%3.42

Compare HSBC vs Peers

HSBC Holdings plc (HSBC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs C

Most directly comparable listed peer for HSBC.

Scale Benchmark

vs JPM

Larger-name benchmark to compare HSBC against a more recognizable public peer.

Peer Set

Compare Top 5

vs C, JPM, BAC, BCS

HSBC Income Statement

HSBC Holdings plc (HSBC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income28.18B30.49B30.46B27.58B26.49B30.38B35.8B32.73B34.88B
NII Growth %-5.49%8.21%-0.09%-9.47%-3.95%14.68%17.84%-8.56%6.54%
Net Interest Margin %1.12%1.19%1.12%0.92%0.9%1.02%1.18%1.08%1.08%
Interest Income40.99B49.61B54.7B41.76B36.19B52.83B100.87B108.63B98.1B
Interest Expense12.82B19.12B24.23B14.18B9.7B22.45B65.07B75.9B63.23B
Loan Loss Provision000000003.86B
Non-Interest Income35.5B33.14B39.94B35.7B37.76B23.34B28.64B34.66B49.76B
Non-Interest Income %46.41%40.05%42.2%46.09%51.06%30.65%22.12%24.19%33.65%
Total Revenue
76.49B▲ 0%
82.75B▲ 8.2%
94.64B▲ 14.4%
77.46B▼ 18.2%
73.95B▼ 4.5%
76.17B▲ 3.0%
129.51B▲ 70.0%
143.29B▲ 10.6%
147.86B▲ 3.2%
Revenue Growth %2.57%8.18%14.37%-18.15%-4.53%3%70.03%10.64%3.19%
Non-Interest Expense46.51B43.74B57.06B54.5B45.34B36.66B34.09B35.09B50.8B
Efficiency Ratio60.8%52.86%60.29%70.36%61.32%48.13%26.32%24.49%34.36%
Operating Income
17.17B▲ 0%
19.89B▲ 15.9%
13.35B▼ 32.9%
8.78B▼ 34.2%
18.91B▲ 115.4%
17.06B▼ 9.8%
30.35B▲ 77.9%
32.31B▲ 6.5%
29.98B▼ 7.2%
Operating Margin %22.44%24.04%14.1%11.33%25.57%22.4%23.43%22.55%20.27%
Operating Income Growth %141.38%15.86%-32.9%-34.24%115.4%-9.77%77.91%6.46%-7.22%
Pretax Income
17.17B▲ 0%
19.89B▲ 15.9%
13.35B▼ 32.9%
8.78B▼ 34.2%
18.91B▲ 115.4%
17.06B▼ 9.8%
30.35B▲ 77.9%
32.31B▲ 6.5%
27.06B▼ 16.2%
Pretax Margin %22.44%24.04%14.1%11.33%25.57%22.4%23.43%22.55%18.3%
Income Tax5.29B4.87B4.64B2.68B4.21B809M5.79B7.31B6.79B
Effective Tax Rate %30.8%24.46%34.76%30.51%22.28%4.74%19.08%22.63%25.1%
Net Income
10.8B▲ 0%
13.73B▲ 27.1%
7.38B▼ 46.2%
5.23B▼ 29.2%
13.92B▲ 166.2%
15.56B▲ 11.8%
23.53B▲ 51.3%
23.98B▲ 1.9%
22.34B▼ 6.8%
Net Margin %14.12%16.59%7.8%6.75%18.82%20.43%18.17%16.73%15.11%
Net Income Growth %335.58%27.13%-46.22%-29.18%166.15%11.8%51.25%1.9%-6.85%
Net Income (Continuing)11.88B15.03B8.71B6.1B14.69B16.25B24.56B25B20.27B
EPS (Diluted)
2.40▲ 0%
3.15▲ 31.3%
1.50▼ 52.4%
0.95▼ 36.7%
3.10▲ 226.3%
3.60▲ 16.1%
5.70▲ 58.3%
6.20▲ 8.8%
6.05▼ 2.4%
EPS Growth %585.71%31.25%-52.38%-36.67%226.32%16.13%58.33%8.77%-2.42%
EPS (Basic)2.403.151.500.953.103.605.756.256.05
Diluted Shares Outstanding4.01B4B4.05B4.05B4.06B4B3.92B3.7B3.51B

HSBC Balance Sheet

HSBC Holdings plc (HSBC) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments200.38B182.38B173.88B328.73B422.44B350.05B299.57B284.51B653.08B
Cash & Due from Banks187.25B168.63B173.88B328.73B422.44B350.05B299.57B284.51B286.92B
Short Term Investments13.13B-31.74B000000366.15B
Total Investments983.28B921.03B1.01T1.11T983.51B1.02T1.1T1.23T2.43T
Investments Growth %-5.34%-6.33%10.19%9.63%-11.6%3.2%8.45%11.39%98.22%
Long-Term Investments983.28B952.76B1.01T1.11T983.51B1.02T1.1T1.23T2.06T
Accounts Receivables9.75B9.62B10.2B10.28B00000
Goodwill & Intangibles23.45B24.36B20.16B20.44B20.62B11.42B12.49B12.38B13.11B
Goodwill13.59B12.99B5.59B5.88B5.03B4.16B4.32B4.12B4.42B
Intangible Assets9.87B11.37B14.57B14.56B15.59B7.26B8.16B8.27B8.69B
PP&E (Net)10.03B10.06B14.7B14.41B10.26B12.58B12.93B11.61B0
Other Assets-1.02T-955.44B0-4.48B-1.64B1.54B2.7T1.46T495.17B
Total Current Assets267.57B200.72B193.14B339B422.44B350.05B319.76B298.3B653.08B
Total Non-Current Assets1.02T955.44B1.05T1.15T1.02T1.05T3.83T2.72T2.58T
Total Assets
2.52T▲ 0%
2.56T▲ 1.4%
2.72T▲ 6.1%
2.98T▲ 9.9%
2.96T▼ 0.9%
2.97T▲ 0.3%
3.04T▲ 2.4%
3.02T▼ 0.7%
3.23T▲ 7.2%
Asset Growth %6.18%1.44%6.14%9.91%-0.88%0.29%2.43%-0.71%7.16%
Return on Assets (ROA)0.44%0.54%0.28%0.18%0.47%0.53%0.78%0.79%0.71%
Accounts Payable000000000
Total Debt84.37B107.78B129.16B378.87B395.44B204.24B426.69B242.35B495.79B
Net Debt-102.88B-60.85B-29.9B50.15B-198.79B-145.81B-64.41B-42.17B208.86B
Long-Term Debt84.37B107.78B129.16B171.14B225.71B204.24B235.16B242.35B246.75B
Short-Term Debt000264.65B267.47B0310.13B0249.04B
Other Liabilities-84.37B-107.78B02.61T2.53T2.61T0763.72B2.55T
Total Current Liabilities99.93B11.3B11.81B10.41B10.47B12.35B1.78T1.82T249.04B
Total Non-Current Liabilities2.32T2.36T2.52T2.78T2.76T2.77T235.16B1.01T2.8T
Total Liabilities2.32T2.36T2.52T2.78T2.75T2.77T2.85T2.82T3.05T
Total Equity
197.87B▲ 0%
194.25B▼ 1.8%
192.67B▼ 0.8%
205B▲ 6.4%
206.78B▲ 0.9%
185.2B▼ 10.4%
192.61B▲ 4.0%
192.27B▼ 0.2%
184.95B▼ 3.8%
Equity Growth %8.38%-1.83%-0.81%6.4%0.87%-10.44%4%-0.18%-3.81%
Equity / Assets (Capital Ratio)7.85%7.59%7.1%6.87%6.99%6.24%6.34%6.37%5.72%
Return on Equity (ROE)5.68%7%3.82%2.63%6.76%7.94%12.46%12.46%11.84%
Book Value per Share49.2948.6047.6150.6450.9346.3349.1452.0152.70
Tangible BV per Share43.4542.5142.6345.5945.8543.4745.9548.6648.97
Common Stock10.16B10.18B10.32B10.35B10.32B10.15B9.63B8.97B8.59B
Additional Paid-in Capital10.18B13.61B13.96B14.28B14.6B14.66B14.74B14.81B111M
Retained Earnings140B138.19B136.68B140.57B144.46B142.41B152.15B152.4B169.6B
Accumulated OCI28.89B24.27B23B31.25B28.86B10.61B8.81B8.79B-795M
Treasury Stock000000000
Preferred Stock000000000

HSBC Cash Flow Statement

HSBC Holdings plc (HSBC) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-10.48B6.47B29.74B182.22B104.31B26.43B39.11B65.31B29.77B
Operating CF Growth %-115.19%161.74%359.78%512.65%-42.75%-74.66%47.96%66.97%-54.42%
Net Income17.17B19.89B13.35B8.78B18.91B17.53B23.53B32.31B29.91B
Depreciation & Amortization1.86B1.93B10.52B5.24B4.29B3.87B3.47B4.08B4.92B
Deferred Taxes-24.5B6.02B-4.16B-21.62B13.01B0000
Other Non-Cash Items-381M-1.3B-2.3B-906M510M50.49B-7.81B18.67B-36.47B
Working Capital Changes-5.13B-20.52B11.85B190.29B67.13B-45.85B19.44B9.71B30.79B
Cash from Investing65.56B-16.34B-35.32B-22.43B27.54B-34.48B-62.91B-76.56B-37.07B
Purchase of Investments-357.26B-383.45B-445.91B-496.67B-493.04B-520.6B-563.56B-523.45B-502.39B
Sale/Maturity of Investments418.35B370.36B413.19B476.99B521.19B495.05B504.17B453.5B470.31B
Net Investment Activity61.09B-13.1B-32.72B-19.68B28.15B-25.55B-59.39B-69.95B-32.08B
Acquisitions165M4M-83M-603M-106M-989M-453M-2.73B-325M
Other Investing6.76B-204M1.12B1.36B3.06B-3.53B623M00
Cash from Financing-10.45B-16.78B-14.84B-4.64B-10.79B-6.29B-17.56B-26.46B-21.96B
Dividends Paid-9.01B-10.76B-9.77B-2.02B-6.38B-6.97B-12.2B-17.1B-11.58B
Share Repurchases-3.07B-2B-1B-181M-2.09B-2.38B-6.43B-11.89B-12.66B
Stock Issued5.2B6.13B141M1.5B2B02B3.6B4.1B
Net Stock Activity2.13B4.14B-859M1.32B-97M-2.38B-4.43B-8.29B-8.57B
Debt Issuance (Net)-1000K-1000K-1000K-1000K-1000K1000K1000K1000K1000K
Other Financing102.46B-6.46B000-197M-19M0395M
Net Change in Cash
62.86B▲ 0%
-36.33B▼ 157.8%
-19.17B▲ 47.2%
174.58B▲ 1010.7%
105.71B▼ 39.4%
-52.36B▼ 149.5%
-30.74B▲ 41.3%
-55.99B▼ 82.2%
-2.05B▲ 96.3%
Exchange Rate Effect18.23B-9.68B1.25B19.43B-15.35B-38.03B10.62B-18.27B27.21B
Cash at Beginning274.55B337.41B312.91B293.74B468.32B574.03B521.67B490.93B434.94B
Cash at End337.41B301.08B293.74B468.32B574.03B521.67B490.93B434.94B432.89B
Interest Paid000000000
Income Taxes Paid000000000
Free Cash Flow
-12.93B▲ 0%
3.42B▲ 126.5%
26.11B▲ 662.4%
178.71B▲ 584.4%
100.75B▼ 43.6%
22.02B▼ 78.1%
35.42B▲ 60.8%
61.42B▲ 73.4%
25.11B▼ 59.1%
FCF Growth %-119.33%126.49%662.37%584.42%-43.63%-78.14%60.81%73.42%-59.13%

HSBC Banking Ratios

HSBC Holdings plc (HSBC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)1.3%5.68%7%3.82%2.63%6.76%7.94%12.46%12.46%11.84%
Return on Assets (ROA)0.1%0.44%0.54%0.28%0.18%0.47%0.53%0.78%0.79%0.71%
Net Interest Margin1.26%1.12%1.19%1.12%0.92%0.9%1.02%1.18%1.08%1.08%
Efficiency Ratio73.57%60.8%52.86%60.29%70.36%61.32%48.13%26.32%24.49%34.36%
Equity / Assets7.69%7.85%7.59%7.1%6.87%6.99%6.24%6.34%6.37%5.72%
Book Value / Share4649.2948.647.6150.6450.9346.3349.1452.0152.7
NII Growth-13.1%-5.49%8.21%-0.09%-9.47%-3.95%14.68%17.84%-8.56%6.54%
Dividend Payout369.38%83.4%78.4%132.37%38.69%45.86%44.8%51.83%71.31%51.85%

HSBC Frequently Asked Questions

HSBC Holdings plc (HSBC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

HSBC Holdings plc (HSBC) grew revenue by 3.2% over the past year. Growth has been modest.

Yes, HSBC Holdings plc (HSBC) is profitable, generating $22.29B in net income for fiscal year 2025 (15.1% net margin).

Dividend & Returns

Yes, HSBC Holdings plc (HSBC) pays a dividend with a yield of 3.61%. This makes it attractive for income-focused investors.

HSBC Holdings plc (HSBC) has a return on equity (ROE) of 11.8%. This is reasonable for most industries.

Industry Metrics

HSBC Holdings plc (HSBC) has a net interest margin (NIM) of 1.1%. NIM has been under pressure due to interest rate environment.

HSBC Holdings plc (HSBC) has an efficiency ratio of 34.4%. This is excellent, indicating strong cost control.

Explore More HSBC

HSBC Holdings plc (HSBC) financial analysis — history, returns, DCA and operating performance tools

Full HSBC Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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