HSBC Holdings plc (HSBC) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown
HSBC's revenue distribution by segment and geography
By Geography
HSBC Revenue Analysis (2013–2024)
As of March 2, 2026, HSBC Holdings plc (HSBC) generated trailing twelve-month (TTM) revenue of $135.64 billion, reflecting moderate decline in growth of -8.4% year-over-year. The most recent quarter (Q3 2025) recorded $33.48 billion in revenue, down 0.7% sequentially.
Looking at the longer-term picture, HSBC's 5-year compound annual growth rate (CAGR) stands at +8.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $143.29 billion in 2024, representing a new all-time high.
When compared to Financial Services sector peers including SAN, BBVA, and BCS. Compare HSBC vs SAN →
Peer Comparison
Compare HSBC's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HSBCCurrent | $135.6B | -8.4% | +8.7% | 22.5% | |
| SAN | $129.9B | - | - | 14.6% | |
| BBVA | $31.6B | - | - | 56.6% | |
| BCS | $26.8B | - | - | 34.7% | |
| ING | $23.0B | - | - | 39.7% | |
| NWG | $28.6B | - | - | 21.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $143.29B | - | $67.40B | 47.0% | $32.31B | 22.5% |
| 2023 | $129.51B | - | $64.44B | 49.8% | $30.35B | 23.4% |
| 2022 | $76.17B | - | $53.72B | 70.5% | $17.06B | 22.4% |
| 2021 | $73.95B | - | $64.25B | 86.9% | $18.91B | 25.6% |
| 2020 | $77.46B | - | $63.28B | 81.7% | $8.78B | 11.3% |
| 2019 | $94.64B | - | $70.40B | 74.4% | $13.35B | 14.1% |
| 2018 | $82.75B | - | $63.63B | 76.9% | $19.89B | 24.0% |
| 2017 | $76.49B | - | $63.67B | 83.2% | $17.17B | 22.4% |
| 2016 | $74.58B | - | $61.98B | 83.1% | $7.11B | 9.5% |
| 2015 | $87.17B | - | $72.51B | 83.2% | $18.87B | 21.6% |
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Start ComparisonFrequently Asked Questions
Is HSBC's revenue growth accelerating or slowing?
HSBC revenue declined -8.4% year-over-year, contrasting with the 5-year CAGR of +8.7%. TTM revenue fell to $135.6B. This reverses the prior growth trend.
What is HSBC's long-term revenue growth rate?
HSBC Holdings plc's 5-year revenue CAGR of +8.7% reflects the variable expansion pattern. Current YoY growth of -8.4% is below this long-term average.
How is HSBC's revenue distributed by segment?
HSBC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.