NYSE : HSBC
HSBC Holdings plc — Financial statements
Financials · Banks - Diversified · United Kingdom
Last price 86.6 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 295.86B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 98.44B | 97.87B | 108.63B | 100.87B | 52.83B | 36.19B |
| Total Interest Income | 98.44B | 97.87B | 108.63B | 100.87B | 52.83B | 36.19B |
| Interest Paid on Deposits | 61.70B | 63.08B | 75.90B | 65.07B | 22.45B | 9.70B |
| Net Interest Income | 36.74B | 34.79B | 32.73B | 35.80B | 30.38B | 26.49B |
| Income From Trading Activities | 19.68B | 19.68B | 21.12B | 16.66B | 10.28B | 7.74B |
| Gain (Loss) on Sale of Assets | -47.00M | -47.00M | -1.75B | -61.00M | -2.68B | |
| Gain (Loss) on Sale of Investments | -996.00M | -2.10B | -3.00B | |||
| Other Non-Interest Income | 16.15B | 14.74B | 12.56B | 10.37B | 11.96B | 14.74B |
| Total Non-Interest Income | 34.79B | 32.28B | 31.92B | 23.97B | 19.57B | 22.49B |
| Revenues Before Loan Losses | 71.53B | 67.07B | 64.65B | 59.77B | 49.94B | 48.98B |
| Provision for Loan Losses | 4.09B | 3.85B | 3.41B | 3.45B | 3.58B | -928.00M |
| Revenue | 67.44B | 63.22B | 61.24B | 56.32B | 46.36B | 49.90B |
| Salaries and Employee Benefits | 18.89B | 18.89B | 17.89B | 17.70B | 17.58B | 18.24B |
| Occupancy Expenses | 1.97B | 1.97B | 1.84B | 1.64B | 2.15B | 2.26B |
| Amortization of Goodwill & Intangibles | 2.54B | 2.54B | 2.16B | 2.11B | 1.55B | 1.29B |
| Selling, General & Administrative | 12.63B | 12.63B | 11.08B | 10.90B | 11.27B | 12.10B |
| Total Non-Interest Expense | 33.01B | 33.11B | 30.05B | 29.55B | 29.83B | 30.84B |
| EBT Excluding Unusual Items | 34.43B | 30.11B | 31.19B | 26.77B | 16.53B | 19.06B |
| Asset Writedown | -146.00M | |||||
| Other Unusual Items | 199.00M | 200.00M | 1.20B | 3.29B | 678.00M | 576.00M |
| Pretax Income | 35.96B | 29.91B | 32.31B | 30.35B | 17.06B | 18.91B |
| Income Tax Expense | 7.88B | 6.78B | 7.31B | 5.79B | 809.00M | 4.21B |
| Earnings From Continuing Operations | 28.08B | 23.13B | 25.00B | 24.56B | 16.25B | 14.69B |
| Minority Interest in Earnings | -324.00M | -846.00M | -1.02B | -1.03B | -690.00M | -776.00M |
| Net Income | 27.75B | 22.29B | 23.98B | 23.53B | 15.56B | 13.92B |
| Preferred Dividends & Other Adjustments | 1.32B | 1.18B | 1.06B | 1.10B | 1.21B | 1.31B |
| Net Income to Common | 26.43B | 21.10B | 22.92B | 22.43B | 14.35B | 12.61B |
| Basic Shares Outstanding | 17.14B | 17.43B | 18.36B | 19.48B | 19.85B | 20.20B |
| Diluted Shares Outstanding | 17.26B | 17.55B | 18.48B | 19.60B | 19.99B | 20.30B |
| EPS (Basic) | 1.54 | 1.21 | 1.25 | 1.15 | 0.72 | 0.62 |
| EPS (Diluted) | 1.53 | 1.20 | 1.24 | 1.14 | 0.72 | 0.62 |
| Dividend Per Share | 0.75 | 0.75 | 0.66 | 0.61 | 0.32 | 0.25 |
| Effective Tax Rate | 21.91% | 22.66% | 22.62% | 19.07% | 4.74% | 22.28% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 222.46B | 250.66B | 287.08B | 300.69B | 347.29B | 373.55B |
| Investment Securities | 1.13T | 1.08T | 942.44B | 885.70B | 802.97B | 816.63B |
| Trading Asset Securities | 669.29B | 593.61B | 573.73B | 508.16B | 490.91B | 445.72B |
| Total Investments | 1.80T | 1.68T | 1.52T | 1.39T | 1.29T | 1.26T |
| Gross Loans | 1.15T | 1.03T | 974.23B | 987.77B | 968.83B | 1.13T |
| Allowance for Loan Losses | -11.36B | -10.70B | -9.73B | -11.09B | -11.52B | |
| Other Adjustments to Gross Loans | -1.49B | -1.61B | -1.87B | -1.58B | ||
| Net Loans | 1.13T | 1.02T | 962.89B | 974.82B | 955.74B | 1.13T |
| Property, Plant & Equipment | 12.61B | 11.61B | 12.93B | 12.58B | ||
| Goodwill | 4.42B | 4.12B | 4.32B | 4.16B | ||
| Other Intangible Assets | 12.69B | 8.69B | 8.27B | 8.16B | 7.26B | 11.17B |
| Other Receivables | 1.03B | 864.00M | 1.31B | 1.54B | 1.23B | 970.00M |
| Restricted Cash | 124.31B | 109.89B | 118.86B | 122.72B | 33.60B | |
| Other Current Assets | 268.98B | 91.77B | 76.91B | 180.88B | 161.51B | 139.61B |
| Long-Term Deferred Tax Assets | 8.05B | 7.24B | 6.84B | 7.75B | 8.36B | 5.43B |
| Other Long-Term Assets | 33.83B | 31.97B | 34.85B | 34.55B | ||
| Total Assets | 3.44T | 3.23T | 3.02T | 3.04T | 2.95T | 2.95T |
| Accrued Expenses | 178.98B | 16.14B | 16.28B | 16.81B | 12.61B | 115.90B |
| Interest Bearing Deposits | 1.93T | 1.91T | 1.75T | 1.71T | 1.66T | 1.81T |
| Total Deposits | 1.93T | 1.91T | 1.75T | 1.71T | 1.66T | 1.81T |
| Short-Term Borrowings | 276.19B | 237.85B | 264.45B | 234.77B | 285.76B | 191.06B |
| Current Portion of Long-Term Debt | 262.82B | 248.22B | 242.31B | 177.30B | ||
| Current Income Taxes Payable | 4.13B | 3.04B | 1.73B | 2.78B | 1.14B | 699.00M |
| Other Current Liabilities | 147.54B | 200.41B | 195.33B | 280.41B | 308.90B | 141.70B |
| Long-Term Debt | 575.71B | 195.92B | 173.43B | 163.94B | 153.66B | 225.71B |
| Long-Term Leases | 3.32B | 2.46B | 2.81B | 2.77B | ||
| Pension & Post-Retirement Benefits | 1.07B | 1.02B | 1.16B | 1.10B | ||
| Long-Term Deferred Tax Liabilities | 1.32B | 2.10B | 1.32B | 1.24B | 972.00M | 3.29B |
| Other Long-Term Liabilities | 133.30B | 192.43B | 167.83B | 193.98B | 163.69B | 267.38B |
| Total Liabilities | 3.25T | 3.03T | 2.82T | 2.85T | 2.76T | 2.76T |
| Common Stock | 8.57B | 8.59B | 8.97B | 9.63B | 10.15B | 10.32B |
| Additional Paid-In Capital | 247.00M | 111.00M | 14.81B | 14.74B | 14.66B | 14.60B |
| Retained Earnings | 172.54B | 169.60B | 152.40B | 152.15B | 142.41B | 135.24B |
| Comprehensive Income & Other | 14.51B | 19.92B | 8.79B | 8.81B | 10.61B | 28.86B |
| Total Common Equity | 195.88B | 198.22B | 184.97B | 185.33B | 177.83B | 189.01B |
| Minority Interest | 400.00M | 7.44B | 7.30B | 7.28B | 7.36B | 7.30B |
| Shareholders' Equity | 196.28B | 205.67B | 192.27B | 192.61B | 185.20B | 196.32B |
| Total Liabilities & Equity | 3.44T | 3.23T | 3.02T | 3.04T | 2.95T | 2.95T |
| Total Debt | 851.91B | 699.91B | 688.55B | 643.84B | 619.49B | 416.78B |
| Net Cash (Debt) | 336.29B | 461.21B | 441.62B | 433.81B | 487.26B | 644.15B |
| Net Cash Per Share | 19.48 | 26.28 | 23.89 | 22.13 | 24.38 | 31.73 |
| Filing Date Shares Outstanding | 17.11B | 17.14B | 17.92B | 19.01B | 19.74B | 20.07B |
| Total Common Shares Outstanding | 17.11B | 17.14B | 17.92B | 19.01B | 19.74B | 20.07B |
| Book Value Per Share | 10.14 | 10.36 | 9.26 | 8.82 | 8.01 | 8.30 |
| Tangible Book Value | 183.19B | 185.12B | 172.59B | 172.84B | 166.41B | 177.85B |
| Tangible Book Value Per Share | 9.40 | 9.59 | 8.57 | 8.16 | 7.43 | 7.74 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 22.29B | 23.98B | 23.53B | 15.56B | 13.92B | |
| Depreciation & Amortization | 2.11B | 2.00B | 3.75B | 3.70B | 3.70B | |
| Other Amortization | 2.40B | 2.00B | ||||
| Gain (Loss) on Sale of Assets | 2.61B | 180.00M | 1.21B | 11.00M | -647.00M | |
| Gain (Loss) on Sale of Investments | 1.00B | 3.00B | ||||
| Total Asset Writedown | 405.00M | 77.00M | -285.00M | 147.00M | 587.00M | |
| Provision for Credit Losses | 4.17B | 3.67B | 3.72B | 3.90B | -519.00M | |
| Change in Trading Asset Securities | -62.02B | -62.05B | -73.24B | 34.33B | -13.48B | |
| Change in Other Net Operating Assets | -76.09B | 27.52B | 47.66B | 4.62B | -15.09B | |
| Other Operating Activities | -34.76B | 25.00B | -14.00B | 49.66B | 21.91B | |
| Operating Cash Flow | -139.14B | 21.07B | -5.91B | 110.55B | 8.61B | |
| Capital Expenditures | -1.45B | -1.34B | -1.15B | -1.28B | -1.09B | |
| Cash Acquisitions | -51.00M | -217.00M | -1.69B | -989.00M | -106.00M | |
| Investment in Securities | -32.08B | -69.95B | -59.39B | -18.47B | 28.15B | |
| Income (Loss) Equity Investments | -1.87B | -1.85B | -1.74B | -1.78B | -2.24B | |
| Divestitures | -274.00M | -2.51B | 1.24B | |||
| Purchase / Sale of Intangibles | -3.21B | -2.54B | -2.55B | -3.12B | -2.48B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 623.00M | -3.53B | 3.06B | |||
| Investing Cash Flow | -37.07B | -76.56B | -62.91B | -27.40B | 27.54B | |
| Long-Term Debt Issued | 3.83B | 4.36B | 5.24B | 7.30B | ||
| Long-Term Debt Repaid | -3.59B | -2.00B | -2.15B | -1.78B | -864.00M | |
| Net Debt Issued (Repaid) | 243.00M | 2.36B | 3.09B | 5.52B | -864.00M | |
| Issuance of Common Stock | 2.00B | |||||
| Repurchase of Common Stock | -10.21B | -11.89B | -6.43B | -2.38B | -2.09B | |
| Preferred Stock Issued | 4.10B | 3.60B | 2.00B | |||
| Preferred Share Repurchases | -2.45B | -3.43B | -4.00B | -2.27B | -3.45B | |
| Common Dividends Paid | -11.58B | -11.41B | -10.49B | -5.33B | -4.48B | |
| Preferred Dividends Paid | -1.18B | -1.06B | -1.10B | -1.21B | -1.31B | |
| Total Dividends Paid | -12.76B | -12.47B | -11.59B | -6.54B | -5.79B | |
| Net Increase (Decrease) in Deposit Accounts | 168.91B | 44.24B | 45.02B | -91.19B | 95.70B | |
| Other Financing Activities | -872.00M | -690.00M | -622.00M | -623.00M | -593.00M | |
| Financing Cash Flow | 146.95B | 17.78B | 27.46B | -97.48B | 84.91B | |
| Foreign Exchange Rate Adjustments | 27.21B | -18.27B | 10.62B | -38.03B | -15.35B | |
| Net Cash Flow | -2.05B | -55.99B | -30.74B | -52.36B | 105.71B | |
| Free Cash Flow | -140.59B | 19.72B | -7.05B | 109.27B | 7.52B | |
| Free Cash Flow Margin | -222.37% | 32.21% | -12.53% | 235.70% | 15.07% | |
| Free Cash Flow Per Share | -8.01 | 1.07 | -0.36 | 5.47 | 0.37 | |
| Cash Interest Paid | 68.80B | 81.70B | 66.00B | 22.86B | 12.70B | |
| Cash Income Tax Paid | 5.06B | 6.61B | 4.12B | 2.78B | 3.08B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 294.46B | 270.88B | 173.64B | 153.69B | 122.63B | 122.20B |
| Last Close Price | 85.42 | 75.74 | 45.12 | 33.57 | 24.08 | 22.35 |
| PE Ratio | 11.12 | 12.84 | 7.58 | 6.85 | 8.55 | 9.69 |
| PS Ratio | 4.34 | 4.28 | 2.83 | 2.73 | 2.65 | 2.45 |
| PB Ratio | 1.49 | 1.32 | 0.90 | 0.80 | 0.66 | 0.62 |
| P/FCF Ratio | 8.80 | 1.12 | 16.24 | |||
| P/OCF Ratio | 8.24 | 1.11 | 14.19 | |||
| Debt / Equity Ratio | 4.34 | 3.40 | 3.58 | 3.34 | 3.35 | 2.12 |
| Debt / FCF Ratio | 34.91 | 5.67 | 55.40 | |||
| Net Debt / Equity Ratio | -1.71 | -2.24 | -2.30 | -2.25 | -2.63 | -3.28 |
| Net Debt / FCF Ratio | 3.28 | -22.39 | 61.49 | -4.46 | -85.62 | |
| Return on Equity (ROE) | 14.22% | 11.62% | 12.99% | 13.00% | 8.52% | 7.32% |
| Return on Assets (ROA) | 0.84% | 0.74% | 0.83% | 0.82% | 0.55% | 0.50% |
| Earnings Yield | 8.99% | 8.23% | 13.81% | 15.31% | 12.69% | 11.39% |
| FCF Yield | -24.76% | -51.90% | 11.36% | -4.59% | 89.10% | 6.16% |
| Dividend Yield | 4.34% | 4.75% | 6.81% | 7.54% | 5.15% | 4.11% |
| Payout Ratio | 48.39% | 57.28% | 52.00% | 49.26% | 42.06% | 41.60% |
| Buyback Yield / Dilution | 3.26% | 5.07% | 5.69% | 1.93% | 1.56% | -0.30% |
| Total Shareholder Return | 7.59% | 9.82% | 12.50% | 9.47% | 6.71% | 3.81% |