HDFC Bank Limited (HDB) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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HDB Revenue Growth
Revenue Breakdown (FY 2012)
HDB's revenue distribution by segment and geography for fiscal year 2012
By Product/Segment
By Geography
HDB Revenue Analysis (2014–2025)
As of May 6, 2026, HDFC Bank Limited (HDB) generated trailing twelve-month (TTM) revenue of $4.34 trillion, reflecting explosive growth of +33.3% year-over-year. The most recent quarter (Q2 2026) recorded $1.21 trillion in revenue, down 9.3% sequentially.
Looking at the longer-term picture, HDB's 5-year compound annual growth rate (CAGR) stands at +24.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $4.19 trillion in 2025, representing a new all-time high.
Revenue diversification analysis shows HDB's business is primarily driven by Retail Banking (58%), Wholesale Segment (41%), and Treasury Services Segment (1%). With over half of revenue concentrated in Retail Banking, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including IBN, HBM (+9.6% YoY), and ITUB, HDB has outperformed the peer group in terms of revenue growth. Compare HDB vs IBN →
HDB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HDBCurrent | $4.34T | +33.3% | +24.4% | 20.5% | |
 IBN | $2.95T | - | - | 24.8% | |
 HBM | $2.2B | +9.6% | +15.0% | 25.5% | |
 ITUB | $384.6B | - | - | 13.1% | |
 BBD | $89.1B | - | - | 46.6% | |
 KB | $50.69T | - | - | 16.8% |
HDB Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.19T | - | $2.19T | 52.2% | $861.55B | 20.5% |
| 2024 | $3.52T | - | $1.85T | 52.7% | $705.46B | 20.0% |
| 2023 | $1.98T | - | $1.13T | 57.1% | $662.38B | 33.4% |
| 2022 | $1.60T | - | $892.43B | 55.6% | $519.16B | 32.4% |
| 2021 | $1.53T | - | $782.43B | 51.2% | $439.83B | 28.8% |
| 2020 | $1.41T | - | $674.12B | 47.8% | $365.84B | 25.9% |
| 2019 | $1.20T | - | $595.35B | 49.5% | $339.96B | 28.3% |
| 2018 | $988.07B | - | $508.36B | 51.4% | $277.11B | 28.0% |
| 2017 | $835.88B | - | $424.17B | 50.7% | $219.97B | 26.3% |
| 2016 | $722.26B | - | $367.66B | 50.9% | $185.59B | 25.7% |
Full HDB Stock Analysis
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Start ComparisonHDB — Frequently Asked Questions
Quick answers to the most common questions about buying HDB stock.
Is HDB's revenue growth accelerating or slowing?
HDB revenue is accelerating at +33.3% year-over-year, exceeding the 5-year CAGR of +24.4%. TTM revenue reached $4.3T. Growth momentum has increased versus prior periods.
What is HDB's long-term revenue growth rate?
HDFC Bank Limited's 5-year revenue CAGR of +24.4% reflects the sustained expansion pattern. Current YoY growth of +33.3% is above this long-term average.
How is HDB's revenue distributed by segment?
HDB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.