Last 47 quarters of trend data · Financial Services · Banks - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.89 | 10.81 | 10.31 | 14.57 | 12.68 | 11.69 | 7.36 | 224.82 | 6.65 | 6.40 | 3.64 | — | 6.80 | 5.83 | 3.28 | 6.49 | 13.04 | 6.05 | 12.22 | 15.07 | 7.69 |
| — | -7.6% | +40.0% | -93.5% | +90.7% | +82.7% | +102.0% | — | -2.3% | +9.8% | +11.1% | — | -47.8% | -3.7% | -73.1% | -56.9% | +69.5% | -24.5% | +59.4% | -55.8% | -45.0% | |
| P/S Ratio | 3.90 | 4.32 | 3.73 | 3.91 | 3.43 | 3.04 | 2.88 | 2.65 | 2.42 | 0.69 | 2.18 | 0.50 | 2.42 | 0.87 | 2.04 | 0.71 | 1.86 | 1.53 | 2.80 | 2.64 | 1.83 |
| — | +41.9% | +29.7% | +47.5% | +41.5% | +339.0% | +31.9% | +434.0% | +0.3% | -20.7% | +7.1% | -30.3% | +29.7% | -43.0% | -27.3% | -73.1% | +1.8% | -32.4% | +59.6% | +7.0% | +46.7% | |
| P/B Ratio | 1.64 | 1.67 | 1.45 | 1.35 | 1.24 | 1.08 | 1.03 | 0.92 | 0.82 | 0.86 | 0.75 | 0.81 | 0.81 | 0.82 | 0.68 | 0.63 | 0.56 | 0.67 | 0.67 | 0.59 | 0.53 |
| — | +55.2% | +40.4% | +45.9% | +50.7% | +25.7% | +37.7% | +13.9% | +1.7% | +3.7% | +9.8% | +28.3% | +44.7% | +23.2% | +1.8% | +7.3% | +5.7% | +18.5% | +18.2% | +15.6% | +33.7% | |
| P/FCF | 13.16 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 73.07 | — | 185.81 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 8.73 | 4.92 | 4.27 | 5.94 | 2.94 | 3.09 | 1.23 | 14.86 | 11.55 | -0.02 | -0.50 | 70.87 | -1.83 | -1.47 | -2.09 | -1.05 | -9.16 | -6.56 | -10.07 | -7.22 | -10.09 |
| — | +59.2% | +248.1% | -60.0% | -74.6% | +18347.5% | +347.4% | -79.0% | +730.1% | +98.8% | +76.3% | +6842.9% | +80.0% | +77.6% | +79.3% | +85.4% | +9.2% | +26.7% | -36.3% | — | -19.1% | |
| EV / EBIT | 9.30 | 5.77 | 4.60 | 8.29 | 3.32 | 3.88 | 1.30 | 14.86 | 11.55 | -0.02 | -0.51 | 70.87 | -1.83 | -1.47 | -2.09 | -1.05 | -9.16 | -6.56 | -10.07 | -7.22 | -10.09 |
| — | +48.5% | +252.3% | -44.2% | -71.2% | +22997.4% | +353.3% | -79.0% | +730.1% | +98.8% | +75.3% | +6842.9% | +80.0% | +77.6% | +79.3% | +85.4% | +9.2% | +26.7% | -36.3% | — | -19.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.6% | 55.7% | 56.5% | 53.7% | 53.5% | 52.3% | 52.4% | 48.5% | 46.3% | 100.0% | 46.5% | 100.0% | 46.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | +6.5% | +7.8% | +10.7% | +15.4% | -47.7% | +12.8% | -51.5% | -1.2% | 0.0% | -53.5% | 0.0% | -53.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 20.3% | 29.7% | 27.7% | 20.6% | 21.8% | 18.8% | 28.0% | 6.6% | 23.2% | 15.2% | 34.5% | 1.2% | 22.8% | 19.4% | 78.0% | 12.0% | 23.2% | 23.4% | 33.9% | -63.4% | 36.3% |
| — | +58.4% | -1.1% | +212.6% | -6.1% | +23.7% | -18.9% | +430.5% | +1.6% | -21.9% | -55.7% | -89.6% | -1.6% | -16.9% | +130.0% | +118.9% | -36.1% | +183.5% | -1.7% | +19.1% | +86.8% | |
| Net Margin | 15.1% | 23.2% | 21.7% | 15.0% | 15.8% | 14.0% | 21.6% | 1.0% | 17.8% | 11.1% | 28.9% | -0.0% | 17.9% | 15.0% | 65.0% | 10.9% | 17.7% | 26.2% | 26.5% | 16.7% | 27.1% |
| — | +65.1% | +0.3% | +1374.1% | -11.5% | +26.2% | -25.1% | +2952.2% | -0.4% | -25.8% | -55.6% | -100.3% | +1.1% | -42.9% | +145.0% | -34.9% | -34.7% | -6.5% | +2.4% | +132.9% | +134.5% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.2% | 4.0% | 3.6% | 2.4% | 2.7% | 2.4% | 3.8% | 0.2% | 3.3% | 3.4% | 5.4% | -0.0% | 3.2% | 3.5% | 5.5% | 2.5% | 1.3% | 2.8% | 1.6% | 0.9% | 2.0% |
| — | +68.7% | -2.8% | +1266.9% | -20.6% | -29.2% | -30.7% | +1325.3% | +5.2% | -3.4% | -0.9% | -100.6% | +146.3% | +24.0% | +246.4% | +166.0% | -34.0% | +61.0% | -25.1% | +148.9% | +111.1% | |
| ROA | 0.7% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.0% | 0.2% | 0.2% | 0.4% | -0.0% | 0.2% | 0.2% | 0.4% | 0.2% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% |
| — | +55.4% | -6.9% | +1229.6% | -23.6% | -30.9% | -31.2% | +1377.8% | +7.5% | -2.6% | -2.9% | -100.6% | +142.1% | +19.8% | +232.5% | +144.5% | -39.2% | +54.0% | -25.7% | +154.3% | +118.0% | |
| ROIC | 5.0% | 2.4% | 1.8% | 1.3% | 1.7% | 1.5% | 1.9% | 0.3% | 0.9% | 1.0% | 1.4% | 0.2% | 2.0% | 2.3% | 2.8% | 1.2% | 0.8% | 1.3% | 0.9% | -1.5% | 1.3% |
| — | +60.1% | -4.8% | +338.7% | +84.2% | +53.6% | +34.6% | +87.8% | -52.5% | -56.4% | -49.0% | -85.9% | +138.7% | +78.7% | +227.9% | +176.0% | -37.9% | +244.0% | -24.3% | +6.9% | +84.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.25 | 0.67 | 0.52 | 1.25 | 0.49 | 0.65 | 0.51 | 1.26 | 2.40 | 2.47 | 2.51 | 2.22 | 0.47 | 0.57 | 0.43 | 1.04 | 0.47 | 0.55 | 0.42 | 1.08 | 0.40 |
| — | +3.9% | +2.1% | -1.2% | -79.4% | -73.8% | -79.9% | -43.1% | +410.9% | +335.6% | +481.1% | +112.6% | -0.3% | +2.7% | +3.6% | -3.7% | +17.3% | +8.8% | -9.8% | -12.0% | -21.6% | |
| Debt / EBITDA | 8.02 | 11.19 | 10.07 | 26.99 | 11.91 | 16.34 | 9.91 | 106.43 | 56.60 | 52.85 | 37.87 | 436.73 | 11.55 | 12.40 | 6.62 | 39.24 | 27.11 | 21.69 | 20.59 | 83.95 | 15.34 |
| — | -31.5% | +1.7% | -74.6% | -79.0% | -69.1% | -73.8% | -75.6% | +390.0% | +326.3% | +471.7% | +1013.0% | -57.4% | -42.8% | -67.8% | -53.3% | +76.7% | +4.5% | +23.9% | — | -53.9% | |
| Current Ratio | 0.33 | 0.32 | 0.30 | 0.33 | 0.32 | 0.30 | 0.31 | 0.16 | 0.14 | 0.16 | 0.16 | 0.18 | 0.17 | 2.05 | 1.40 | 28.34 | 1.52 | 2.27 | 2.49 | 40.36 | 2.49 |
| — | +5.9% | -5.1% | +100.0% | +129.1% | +88.2% | +96.2% | -8.8% | -20.7% | -92.2% | -88.6% | -99.4% | -88.5% | -9.7% | -43.7% | -29.8% | -39.0% | -12.7% | +3.2% | +23.9% | — | |
| Quick Ratio | 0.33 | 0.32 | 0.30 | 0.33 | 0.32 | 0.30 | 0.31 | 0.16 | 0.14 | 0.16 | 0.16 | 0.18 | 0.17 | 2.05 | 1.40 | 28.34 | 1.52 | 2.27 | 2.49 | 40.36 | 2.49 |
| — | +5.9% | -5.1% | +100.0% | +129.1% | +88.2% | +96.2% | -8.8% | -20.7% | -92.2% | -88.6% | -99.4% | -88.5% | -9.7% | -43.7% | -29.8% | -39.0% | -12.7% | +3.2% | +23.9% | — | |
| Interest Coverage | 0.43 | 0.67 | 0.64 | 0.44 | 0.47 | 0.39 | 0.59 | 0.13 | 0.43 | — | 0.65 | — | 0.43 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
Bull/bear thesis, analyst target revisions, and earnings execution.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying HSBC stock.
HSBC Holdings plc's current P/E is 15.9x. The average P/E over the last 4 quarters is 12.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
HSBC Holdings plc's current operating margin is 20.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking HSBC Holdings plc's business trajectory between earnings reports.