HSBC Holdings plc (HSBC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HSBC Holdings plc (HSBC) stock price & volume — 10-year historical chart
HSBC Holdings plc (HSBC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
HSBC Holdings plc (HSBC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $2.00vs $2.18-8.3% | $19.1Bvs $18.6B+2.8% |
| Q1 2026 | Feb 25, 2026 | $1.85vs $1.80+2.8% | $17.7Bvs $17.0B+4.0% |
| Q4 2025 | Oct 28, 2025 | $1.80vs $1.65+9.1% | $33.5Bvs $16.0B+108.8% |
| Q3 2025 | Jul 30, 2025 | $1.95vs $1.62+20.4% | $14.4Bvs $16.4B-12.4% |
HSBC Holdings plc (HSBC) competitors in European universal banks — business model, growth, and fundamentals comparison
HSBC Holdings plc (HSBC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HSBC Holdings plc (HSBC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 28.18B | 30.49B | 30.46B | 27.58B | 26.49B | 30.38B | 35.8B | 32.73B | 34.88B |
| 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 Income | 40.99B | 49.61B | 54.7B | 41.76B | 36.19B | 52.83B | 100.87B | 108.63B | 98.1B |
| Interest Expense | 12.82B | 19.12B | 24.23B | 14.18B | 9.7B | 22.45B | 65.07B | 75.9B | 63.23B |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.86B |
| Non-Interest Income | 35.5B | 33.14B | 39.94B | 35.7B | 37.76B | 23.34B | 28.64B | 34.66B | 49.76B |
| 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 Expense | 46.51B | 43.74B | 57.06B | 54.5B | 45.34B | 36.66B | 34.09B | 35.09B | 50.8B |
| Efficiency Ratio | 60.8% | 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 Tax | 5.29B | 4.87B | 4.64B | 2.68B | 4.21B | 809M | 5.79B | 7.31B | 6.79B |
| 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) | 11.88B | 15.03B | 8.71B | 6.1B | 14.69B | 16.25B | 24.56B | 25B | 20.27B |
| 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) | 2.40 | 3.15 | 1.50 | 0.95 | 3.10 | 3.60 | 5.75 | 6.25 | 6.05 |
| Diluted Shares Outstanding | 4.01B | 4B | 4.05B | 4.05B | 4.06B | 4B | 3.92B | 3.7B | 3.51B |
HSBC Holdings plc (HSBC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 200.38B | 182.38B | 173.88B | 328.73B | 422.44B | 350.05B | 299.57B | 284.51B | 653.08B |
| Cash & Due from Banks | 187.25B | 168.63B | 173.88B | 328.73B | 422.44B | 350.05B | 299.57B | 284.51B | 286.92B |
| Short Term Investments | 13.13B | -31.74B | 0 | 0 | 0 | 0 | 0 | 0 | 366.15B |
| Total Investments | 983.28B | 921.03B | 1.01T | 1.11T | 983.51B | 1.02T | 1.1T | 1.23T | 2.43T |
| Investments Growth % | -5.34% | -6.33% | 10.19% | 9.63% | -11.6% | 3.2% | 8.45% | 11.39% | 98.22% |
| Long-Term Investments | 983.28B | 952.76B | 1.01T | 1.11T | 983.51B | 1.02T | 1.1T | 1.23T | 2.06T |
| Accounts Receivables | 9.75B | 9.62B | 10.2B | 10.28B | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 23.45B | 24.36B | 20.16B | 20.44B | 20.62B | 11.42B | 12.49B | 12.38B | 13.11B |
| Goodwill | 13.59B | 12.99B | 5.59B | 5.88B | 5.03B | 4.16B | 4.32B | 4.12B | 4.42B |
| Intangible Assets | 9.87B | 11.37B | 14.57B | 14.56B | 15.59B | 7.26B | 8.16B | 8.27B | 8.69B |
| PP&E (Net) | 10.03B | 10.06B | 14.7B | 14.41B | 10.26B | 12.58B | 12.93B | 11.61B | 0 |
| Other Assets | -1.02T | -955.44B | 0 | -4.48B | -1.64B | 1.54B | 2.7T | 1.46T | 495.17B |
| Total Current Assets | 267.57B | 200.72B | 193.14B | 339B | 422.44B | 350.05B | 319.76B | 298.3B | 653.08B |
| Total Non-Current Assets | 1.02T | 955.44B | 1.05T | 1.15T | 1.02T | 1.05T | 3.83T | 2.72T | 2.58T |
| 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 Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 84.37B | 107.78B | 129.16B | 378.87B | 395.44B | 204.24B | 426.69B | 242.35B | 495.79B |
| Net Debt | -102.88B | -60.85B | -29.9B | 50.15B | -198.79B | -145.81B | -64.41B | -42.17B | 208.86B |
| Long-Term Debt | 84.37B | 107.78B | 129.16B | 171.14B | 225.71B | 204.24B | 235.16B | 242.35B | 246.75B |
| Short-Term Debt | 0 | 0 | 0 | 264.65B | 267.47B | 0 | 310.13B | 0 | 249.04B |
| Other Liabilities | -84.37B | -107.78B | 0 | 2.61T | 2.53T | 2.61T | 0 | 763.72B | 2.55T |
| Total Current Liabilities | 99.93B | 11.3B | 11.81B | 10.41B | 10.47B | 12.35B | 1.78T | 1.82T | 249.04B |
| Total Non-Current Liabilities | 2.32T | 2.36T | 2.52T | 2.78T | 2.76T | 2.77T | 235.16B | 1.01T | 2.8T |
| Total Liabilities | 2.32T | 2.36T | 2.52T | 2.78T | 2.75T | 2.77T | 2.85T | 2.82T | 3.05T |
| 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 Share | 49.29 | 48.60 | 47.61 | 50.64 | 50.93 | 46.33 | 49.14 | 52.01 | 52.70 |
| Tangible BV per Share | 43.45 | 42.51 | 42.63 | 45.59 | 45.85 | 43.47 | 45.95 | 48.66 | 48.97 |
| Common Stock | 10.16B | 10.18B | 10.32B | 10.35B | 10.32B | 10.15B | 9.63B | 8.97B | 8.59B |
| Additional Paid-in Capital | 10.18B | 13.61B | 13.96B | 14.28B | 14.6B | 14.66B | 14.74B | 14.81B | 111M |
| Retained Earnings | 140B | 138.19B | 136.68B | 140.57B | 144.46B | 142.41B | 152.15B | 152.4B | 169.6B |
| Accumulated OCI | 28.89B | 24.27B | 23B | 31.25B | 28.86B | 10.61B | 8.81B | 8.79B | -795M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
HSBC Holdings plc (HSBC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -10.48B | 6.47B | 29.74B | 182.22B | 104.31B | 26.43B | 39.11B | 65.31B | 29.77B |
| Operating CF Growth % | -115.19% | 161.74% | 359.78% | 512.65% | -42.75% | -74.66% | 47.96% | 66.97% | -54.42% |
| Net Income | 17.17B | 19.89B | 13.35B | 8.78B | 18.91B | 17.53B | 23.53B | 32.31B | 21.15B |
| Depreciation & Amortization | 1.86B | 1.93B | 10.52B | 5.24B | 4.29B | 3.87B | 3.47B | 4.08B | 0 |
| Deferred Taxes | -24.5B | 6.02B | -4.16B | -21.62B | 13.01B | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -381M | -1.3B | -2.3B | -906M | 510M | 50.49B | -7.81B | 18.67B | -3.1B |
| Working Capital Changes | -5.13B | -20.52B | 11.85B | 190.29B | 67.13B | -45.85B | 19.44B | 9.71B | 11.72B |
| Cash from Investing | 65.56B | -16.34B | -35.32B | -22.43B | 27.54B | -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 | -598.15B |
| Sale/Maturity of Investments | 418.35B | 370.36B | 413.19B | 476.99B | 521.19B | 495.05B | 504.17B | 453.5B | 471.41B |
| Net Investment Activity | 61.09B | -13.1B | -32.72B | -19.68B | 28.15B | -25.55B | -59.39B | -69.95B | -126.74B |
| Acquisitions | 165M | 4M | -83M | -603M | -106M | -989M | -453M | -2.73B | -325.76M |
| Other Investing | 6.76B | -204M | 1.12B | 1.36B | 3.06B | -3.53B | 623M | 0 | 94.67B |
| 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 | -13.51B |
| Share Repurchases | -3.07B | -2B | -1B | -181M | -2.09B | -2.38B | -6.43B | -11.89B | -3.58B |
| Stock Issued | 5.2B | 6.13B | 141M | 1.5B | 2B | 0 | 2B | 3.6B | -5.01B |
| Net Stock Activity | 2.13B | 4.14B | -859M | 1.32B | -97M | -2.38B | -4.43B | -8.29B | -8.59B |
| Debt Issuance (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | 102.46B | -6.46B | 0 | 0 | 0 | -197M | -19M | 0 | -16.2B |
| 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 Effect | 18.23B | -9.68B | 1.25B | 19.43B | -15.35B | -38.03B | 10.62B | -18.27B | 27.21B |
| Cash at Beginning | 274.55B | 337.41B | 312.91B | 293.74B | 468.32B | 574.03B | 521.67B | 490.93B | 434.94B |
| Cash at End | 337.41B | 301.08B | 293.74B | 468.32B | 574.03B | 521.67B | 490.93B | 434.94B | 432.89B |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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% | 9.39B▼ 84.7% |
| FCF Growth % | -119.33% | 126.49% | 662.37% | 584.42% | -43.63% | -78.14% | 60.81% | 73.42% | -84.71% |
HSBC Holdings plc (HSBC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Margin | 1.26% | 1.12% | 1.19% | 1.12% | 0.92% | 0.9% | 1.02% | 1.18% | 1.08% | 1.08% |
| Efficiency Ratio | 73.57% | 60.8% | 52.86% | 60.29% | 70.36% | 61.32% | 48.13% | 26.32% | 24.49% | 34.36% |
| Equity / Assets | 7.69% | 7.85% | 7.59% | 7.1% | 6.87% | 6.99% | 6.24% | 6.34% | 6.37% | 5.72% |
| Book Value / Share | 46 | 49.29 | 48.6 | 47.61 | 50.64 | 50.93 | 46.33 | 49.14 | 52.01 | 52.7 |
| NII Growth | -13.1% | -5.49% | 8.21% | -0.09% | -9.47% | -3.95% | 14.68% | 17.84% | -8.56% | 6.54% |
| Dividend Payout | 369.38% | 83.4% | 78.4% | 132.37% | 38.69% | 45.86% | 44.8% | 51.83% | 71.31% | 60.5% |
HSBC Holdings plc (HSBC) stock FAQ — growth, dividends, profitability & financials explained
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 $22.28B in net income for fiscal year 2025 (15.1% net margin).
Yes, HSBC Holdings plc (HSBC) pays a dividend with a yield of 4.41%. 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.
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.
HSBC Holdings plc (HSBC) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates