HSBC Holdings plc (HSBC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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HSBC Revenue Growth
Revenue Breakdown
HSBC's revenue distribution by segment and geography
By Geography
HSBC Revenue Analysis (2014–2025)
As of May 6, 2026, HSBC Holdings plc (HSBC) generated trailing twelve-month (TTM) revenue of $147.86 billion, reflecting explosive growth of +35.4% year-over-year. The most recent quarter (Q4 2025) recorded $46.79 billion in revenue, up 39.8% sequentially.
Looking at the longer-term picture, HSBC's 5-year compound annual growth rate (CAGR) stands at +13.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $147.86 billion in 2025, representing a new all-time high.
When compared to Financial Services sector peers including C, JPM, and BAC. Compare HSBC vs C →
HSBC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HSBCCurrent | $147.9B | +35.4% | +13.8% | 20.3% | |
 C | $170.7B | - | - | 10.0% | |
 JPM | $270.8B | - | - | 27.7% | |
 BAC | $188.8B | - | - | 18.5% | |
 BCS | $26.8B | - | - | 37.3% | |
 DB | $60.9B | - | - | 16.0% |
HSBC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $147.86B | - | $80.78B | 54.6% | $29.98B | 20.3% |
| 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% |
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Start ComparisonHSBC — Frequently Asked Questions
Quick answers to the most common questions about buying HSBC stock.
Is HSBC's revenue growth accelerating or slowing?
HSBC revenue is accelerating at +35.4% year-over-year, exceeding the 5-year CAGR of +13.8%. TTM revenue reached $147.9B. Growth momentum has increased versus prior periods.
What is HSBC's long-term revenue growth rate?
HSBC Holdings plc's 5-year revenue CAGR of +13.8% reflects the sustained expansion pattern. Current YoY growth of +35.4% is above 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 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.