HSBC Holdings plc (HSBC) Earnings History
Elite Compounder34 years of earnings data (1992–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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HSBC Holdings plc (HSBC) Earnings Overview
As of June 21, 2026, HSBC Holdings plc (HSBC) reported trailing twelve-month net income of $22.29B, reflecting -2.4% year-over-year growth. The company earned $6.33 per diluted share over the past four quarters, with a net profit margin of 15.1%.
Looking at the long-term picture, HSBC's 5-year EPS compound annual growth rate (CAGR) stands at +44.8%, indicating exceptional earnings growth. The company achieved its highest annual net income of $23.98B in fiscal 2024.
HSBC Holdings plc maintains industry-leading profitability with a gross margin of 54.6%, operating margin of 20.3%, and net margin of 15.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including C ($14.27B net income, 8.5% margin), JPM ($57.05B net income, 20.4% margin), BAC ($30.51B net income, 15.9% margin), HSBC has outperformed on profitability metrics. Compare HSBC vs C →
HSBC Earnings vs Peers
Earnings metrics vs comparable public companies
HSBC Historical Earnings Data (1992–2025)
34 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $22.34B | -6.8% | $29.98B | $6.05 | 15.1% | 20.3% |
| 2024 | $23.98B | +1.9% | $32.31B | $6.20 | 16.7% | 22.5% |
| 2023 | $23.53B | +51.3% | $30.35B | $5.70 | 18.2% | 23.4% |
| 2022 | $15.56B | +11.8% | $17.06B | $3.60 | 20.4% | 22.4% |
| 2021 | $13.92B | +166.2% | $18.91B | $3.10 | 18.8% | 25.6% |
| 2020 | $5.23B | -29.2% | $8.78B | $0.95 | 6.8% | 11.3% |
| 2019 | $7.38B | -46.2% | $13.35B | $1.50 | 7.8% | 14.1% |
| 2018 | $13.73B | +27.1% | $19.89B | $3.15 | 16.6% | 24.0% |
| 2017 | $10.80B | +335.6% | $17.17B | $2.40 | 14.1% | 22.4% |
| 2016 | $2.48B | -81.7% | $7.11B | $0.35 | 3.3% | 9.5% |
| 2015 | $13.52B | -1.2% | $18.87B | $3.20 | 15.5% | 21.6% |
| 2014 | $13.69B | -15.5% | $18.68B | $3.45 | 15.1% | 20.6% |
| 2013 | $16.20B | +15.5% | $22.57B | $4.20 | 17.9% | 24.9% |
| 2012 | $14.03B | -16.5% | $20.65B | $3.70 | 15.0% | 22.0% |
| 2011 | $16.80B | +27.6% | $21.87B | $4.55 | 16.0% | 20.9% |
| 2010 | $13.16B | +125.6% | $19.04B | $3.60 | 13.5% | 19.5% |
| 2009 | $5.83B | +1.9% | $7.08B | $1.70 | 6.0% | 7.3% |
| 2008 | $5.73B | -70.1% | $9.31B | $1.80 | 4.3% | 7.0% |
| 2007 | $19.13B | +21.2% | $24.21B | $7.10 | 13.6% | 17.2% |
| 2006 | $15.79B | +4.7% | $22.09B | $6.05 | 14.3% | 20.0% |
| 2005 | $15.08B | +16.7% | $20.97B | $5.90 | 16.8% | 23.4% |
| 2004 | $12.92B | +47.2% | $18.94B | $5.10 | 17.2% | 25.2% |
| 2003 | $8.77B | +40.6% | $11.89B | $2.35 | 15.6% | 21.2% |
| 2002 | $6.24B | +15.4% | $8.77B | $2.90 | 15.5% | 21.7% |
| 2001 | $5.41B | -45.4% | $6.98B | $2.30 | 11.4% | 14.7% |
| 2000 | $9.90B | +13.2% | $13.24B | $2.65 | - | - |
| 1999 | $8.74B | +21.6% | $12.04B | $2.35 | - | - |
| 1998 | $7.19B | +17.2% | $10.17B | $1.95 | - | - |
| 1997 | $6.14B | +3.9% | $8.22B | $3.00 | 30.6% | 41.0% |
| 1996 | $5.91B | +55.3% | $7.75B | $2.95 | 36.4% | 47.7% |
| 1995 | $3.80B | +18.5% | $5.19B | $1.00 | - | - |
| 1994 | $3.21B | +20.1% | $4.51B | $0.85 | - | - |
| 1993 | $2.67B | +44.3% | $3.43B | $0.70 | - | - |
| 1992 | $1.85B | - | $2.28B | $0.50 | - | - |
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HSBC — Frequently Asked Questions
Quick answers to the most common questions about buying HSBC stock.
What is HSBC earnings per share (EPS)?
HSBC trailing twelve-month (TTM) diluted EPS is $6.33, reflecting -2.4% year-over-year growth. The 5-year EPS CAGR is +44.8%. Complete EPS history from 1992 to 2025 is available in the table on this page.
What is HSBC Holdings plc's net income?
HSBC Holdings plc (HSBC) trailing twelve-month net income is $22.3B as of 2025. Earnings declined -2.4% year-over-year. HSBC Holdings plc has been profitable for 34 consecutive years.
Is HSBC profitable?
Yes, HSBC is profitable with a TTM net income of $22.3B and a net profit margin of +15.1%. HSBC Holdings plc has generated profits for 34 consecutive years.
What is HSBC's earnings growth rate?
HSBC compound annual EPS growth rates (CAGR): 1-Year: -2.4%, 3-Year: +18.9%, 5-Year: +44.8%, 10-Year: +6.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1992 to 2025.
What are HSBC's profit margins?
HSBC Holdings plc net profit margin is +15.1%, operating margin is +20.3%, and gross margin is +54.6%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +11.8%.
Is HSBC growing earnings?
HSBC earnings growth is slowing. Current YoY EPS growth of -2.4% trails the 5-year CAGR of +44.8%. TTM net income is $22.3B.
What was HSBC's best earnings year?
HSBC Holdings plc's highest annual net income on record is $24.0B, achieved in fiscal year 2024. Earnings history on this page spans 1992 to 2025 and includes all annual and quarterly figures.
What were HSBC's earnings last quarter?
HSBC's most recent reported quarter was Q4 2025. Net income was $4.9B with diluted EPS of $1.35. For a full breakdown of all quarters, see the quarterly earnings table on this page.