Hsbc Holdings Plc
HSBC NYSE Savings Institution, Federally Chartered Financials FY2016–FY2025
Last close · Oct 23, 2026
$90.68
1.3%
Revenue
Total sales reported in the income statement.
$68.3B
3.7%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
—
Net income
Profit after all expenses, interest and tax.
$23.1B
7.5%
Return on equity
Net income as a share of average shareholders' equity.
12.1%
1.4 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$318.2B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
15.1x
On $6.00 EPS (TTM)
What Hsbc Holdings Plc does
No business description yet.
- Legal name
- HSBC HOLDINGS PLC
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Feb 26, 2026
- Accession · CIK
- 0001089113-26-000010
0001089113
Revenue and margins
Hsbc Holdings Plc had $68.3B of revenue in fiscal 2025, up 3.7% on the year before.
FY16
Revenue $48.0B
FY17
Revenue $51.4B
FY18
Revenue $53.8B
FY19
Revenue $56.1B
FY20
Revenue $50.4B
FY21
Revenue $49.6B
FY22
Revenue $50.6B
FY23
Revenue $66.1B
FY24
Revenue $65.9B
FY25
Revenue $68.3B
FY16
Net interest share 62.2%
Efficiency ratio —
FY17
Net interest share 54.8%
Efficiency ratio —
FY18
Net interest share 56.7%
Efficiency ratio —
FY19
Net interest share 54.3%
Efficiency ratio —
FY20
Net interest share 54.7%
Efficiency ratio —
FY21
Net interest share 53.5%
Efficiency ratio —
FY22
Net interest share 60.0%
Efficiency ratio —
FY23
Net interest share 54.2%
Efficiency ratio —
FY24
Net interest share 49.7%
Efficiency ratio —
FY25
Net interest share 51.0%
Efficiency ratio —
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 37.1% a year. Loss periods are shown in red.
FY16
Net income $2.5B
FY17
Net income $10.8B
FY18
Net income $13.7B
FY19
Net income $7.4B
FY20
Net income $5.2B
FY21
Net income $13.9B
FY22
Net income $16.0B
FY23
Net income $24.6B
FY24
Net income $25.0B
FY25
Net income $23.1B
FY16
Diluted EPS $0.35
FY17
Diluted EPS $2.40
FY18
Diluted EPS $3.15
FY19
Diluted EPS $1.50
FY20
Diluted EPS $0.95
FY21
Diluted EPS $3.10
FY22
Diluted EPS $3.60
FY23
Diluted EPS $5.70
FY24
Diluted EPS $6.20
FY25
Diluted EPS $6.00
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 1.4%
ROTE 1.4%
Efficiency ratio —
FY17
ROE 5.9%
ROTE 5.7%
Efficiency ratio —
FY18
ROE 7.3%
ROTE 7.4%
Efficiency ratio —
FY19
ROE 4.0%
ROTE 4.0%
Efficiency ratio —
FY20
ROE 2.7%
ROTE 2.7%
Efficiency ratio —
FY21
ROE 7.2%
ROTE 7.4%
Efficiency ratio —
FY22
ROE 8.7%
ROTE 9.0%
Efficiency ratio —
FY23
ROE 13.5%
ROTE 13.3%
Efficiency ratio —
FY24
ROE 13.5%
ROTE 13.5%
Efficiency ratio —
FY25
ROE 12.1%
ROTE 11.7%
Efficiency ratio —
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
Hsbc Holdings Plc returned $22.6B to shareholders in fiscal 2025, 80% of free cash flow. The diluted share count fell 5.1%.
FY16
Dividends $9.2B
Buybacks $0.0M
FY17
Dividends $9.0B
Buybacks $3.0B
FY18
Dividends $10.8B
Buybacks $2.0B
FY19
Dividends $9.8B
Buybacks $1.0B
FY20
Dividends $2.0B
Buybacks $0.0M
FY21
Dividends $6.4B
Buybacks —
FY22
Dividends $7.0B
Buybacks $2.3B
FY23
Dividends $12.2B
Buybacks $5.8B
FY24
Dividends $17.1B
Buybacks $11.3B
FY25
Dividends $13.5B
Buybacks $9.1B
Dividends
Buybacks
FY16
Diluted shares 3.97B
FY17
Diluted shares 4.01B
FY18
Diluted shares 4.00B
FY19
Diluted shares 4.05B
FY20
Diluted shares 4.05B
FY21
Diluted shares 4.06B
FY22
Diluted shares 4.00B
FY23
Diluted shares 3.92B
FY24
Diluted shares 3.70B
FY25
Diluted shares 3.51B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $861.5B
Deposits $1.27T
FY17
Loans $963.0B
Deposits $1.36T
FY18
Loans $981.7B
Deposits $1.36T
FY19
Loans $1.04T
Deposits $1.44T
FY20
Loans $1.04T
Deposits $1.64T
FY21
Loans $1.04T
Deposits $1.71T
FY22
Loans $923.6B
Deposits $1.57T
FY23
Loans $938.5B
Deposits $1.61T
FY24
Loans $930.7B
Deposits $1.65T
FY25
Loans $988.4B
Deposits $1.79T
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $1.04T | $923.6B | $938.5B | $930.7B | $988.4B |
| Deposits | $1.71T | $1.57T | $1.61T | $1.65T | $1.79T |
| Loans / deposits | 61.1% | 58.8% | 58.2% | 56.2% | 55.3% |
| Total assets | $2.95T | $2.95T | $3.04T | $3.02T | $3.23T |
| Shareholders' equity | $189.0B | $177.8B | $185.3B | $185.0B | $198.2B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $48.0B | $51.4B | $53.8B | $56.1B | $50.4B | $49.6B | $50.6B | $66.1B | $65.9B | $68.3B |
| Net interest income | $29.8B | $28.2B | $30.5B | $30.5B | $27.6B | $26.5B | $30.4B | $35.8B | $32.7B | $34.8B |
| Noninterest income | $12.8B | $12.8B | $12.6B | $12.0B | $11.9B | $13.1B | $11.8B | $11.8B | $12.3B | $13.3B |
| Provision for credit losses | $3.4B | $2.0B | $1.9B | — | — | — | — | — | — | — |
| Operating income | $4.8B | $14.8B | $17.4B | $11.0B | $7.2B | $15.9B | $14.3B | $30.5B | $29.4B | $28.0B |
| Interest expense | $12.6B | $12.8B | $19.1B | $24.2B | $14.2B | $9.7B | $22.4B | $65.1B | $75.9B | $63.1B |
| Pretax income | $7.1B | $17.2B | $19.9B | $13.3B | $8.8B | $18.9B | $17.1B | $30.3B | $32.3B | $29.9B |
| Income tax | $3.7B | $5.3B | $4.9B | $4.6B | $2.7B | $4.2B | $809M | $5.8B | $7.3B | $6.8B |
| Net income | $2.5B | $10.8B | $13.7B | $7.4B | $5.2B | $13.9B | $16.0B | $24.6B | $25.0B | $23.1B |
| Net income to common | $2.5B | $10.8B | $13.7B | $7.4B | $5.2B | $13.9B | $16.0B | — | — | — |
| Diluted EPS | $0.35 | $2.40 | $3.15 | $1.50 | $0.95 | $3.10 | $3.60 | $5.70 | $6.20 | $6.00 |
| Diluted shares | 3.97B | 4.01B | 4.00B | 4.05B | 4.05B | 4.06B | 4.00B | 3.92B | 3.70B | 3.51B |
| Cash flow | ||||||||||
| Cash from operations | $69.0B | −$12.4B | $32.5B | $29.7B | $182.2B | $104.3B | $19.4B | $39.1B | $65.3B | $29.8B |
| Capital expenditure | $1.2B | $1.2B | $1.2B | $1.3B | $1.4B | $1.1B | $1.3B | $1.1B | $1.3B | $1.4B |
| Free cash flow | $67.8B | −$13.6B | $31.3B | $28.4B | $180.8B | $103.2B | $18.1B | $38.0B | $64.0B | $28.3B |
| Stock-based compensation | $534M | $500M | $450M | $478M | $433M | $467M | $400M | $482M | $529M | $621M |
| Share buybacks | $0.0M | $3.0B | $2.0B | $1.0B | $0.0M | — | $2.3B | $5.8B | $11.3B | $9.1B |
| Dividends paid | $9.2B | $9.0B | $10.8B | $9.8B | $2.0B | $6.4B | $7.0B | $12.2B | $17.1B | $13.5B |
| Dividends and buybacks | $9.2B | $12.0B | $12.8B | $10.8B | $2.0B | $6.4B | $9.3B | $18.0B | $28.4B | $22.6B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $263.3B | $323.7B | $312.9B | $293.7B | $468.3B | $574.0B | $521.7B | $490.9B | $434.9B | $432.9B |
| Loans, net | $861.5B | $963.0B | $981.7B | $1.04T | $1.04T | $1.04T | $923.6B | $938.5B | $930.7B | $988.4B |
| Deposits | $1.27T | $1.36T | $1.36T | $1.44T | $1.64T | $1.71T | $1.57T | $1.61T | $1.65T | $1.79T |
| Property and equipment, net | $9.4B | $10.0B | $10.1B | $10.5B | $10.4B | $10.3B | $10.4B | $10.5B | $9.4B | $9.6B |
| Total assets | $2.37T | $2.52T | $2.56T | $2.72T | $2.98T | $2.95T | $2.95T | $3.04T | $3.02T | $3.23T |
| Total liabilities | $2.19T | $2.32T | $2.36T | $2.52T | $2.78T | $2.76T | $2.76T | $2.85T | $2.82T | $3.03T |
| Shareholders' equity | $175.4B | $190.3B | $186.3B | $184.0B | $196.4B | $189.0B | $177.8B | $185.3B | $185.0B | $198.2B |
| Margins | ||||||||||
| Operating margin | 9.9% | 28.8% | 32.3% | 19.6% | 14.2% | 32.0% | 28.3% | 46.2% | 44.6% | 41.0% |
| Net margin | 5.2% | 21.0% | 25.5% | 13.2% | 10.4% | 28.1% | 31.7% | 37.2% | 38.0% | 33.9% |
| FCF margin | 141.4% | −26.4% | 58.2% | 50.6% | 358.5% | 208.3% | 35.7% | 57.5% | 97.1% | 41.5% |
| Net interest share of revenue | 62.2% | 54.8% | 56.7% | 54.3% | 54.7% | 53.5% | 60.0% | 54.2% | 49.7% | 51.0% |
| Returns | ||||||||||
| Return on equity | 1.4% | 5.9% | 7.3% | 4.0% | 2.7% | 7.2% | 8.7% | 13.5% | 13.5% | 12.1% |
| Return on assets | 0.1% | 0.4% | 0.5% | 0.3% | 0.2% | 0.5% | 0.5% | 0.8% | 0.8% | 0.7% |
| Return on tangible equity | 1.4% | 5.7% | 7.4% | 4.0% | 2.7% | 7.4% | 9.0% | 13.3% | 13.5% | 11.7% |
| Growth | ||||||||||
| Revenue growth | — | 7.3% | 4.5% | 4.3% | −10.1% | −1.7% | 2.2% | 30.5% | −0.3% | 3.7% |
| Net income growth | — | 335.6% | 27.1% | −46.2% | −29.2% | 166.2% | 15.2% | 53.2% | 1.8% | −7.5% |
| EPS growth | — | 585.7% | 31.3% | −52.4% | −36.7% | 226.3% | 16.1% | 58.3% | 8.8% | −3.2% |
| FCF growth | — | −120.0% | — | −9.3% | 536.5% | −42.9% | −82.5% | 110.1% | 68.5% | −55.7% |
| Share count change | — | 1.1% | −0.4% | 1.3% | 0.0% | 0.3% | −1.6% | −1.9% | −5.7% | −5.1% |
| Financial health | ||||||||||
| Interest coverage | 0.4x | 1.2x | 0.9x | 0.5x | 0.5x | 1.6x | 0.6x | 0.5x | 0.4x | 0.4x |
| Loans / deposits | 67.7% | 70.6% | 72.0% | 72.0% | 63.2% | 61.1% | 58.8% | 58.2% | 56.2% | 55.3% |
| Provision / loans | 0.4% | 0.2% | 0.2% | — | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 2.4% | 2.3% | 2.2% | 2.4% | 2.9% | 2.2% | 2.5% | 1.7% | 2.0% | 2.1% |
| Stock comp / revenue | 1.1% | 1.0% | 0.8% | 0.9% | 0.9% | 0.9% | 0.8% | 0.7% | 0.8% | 0.9% |
| Payouts / FCF | 13.5% | — | 40.7% | 37.9% | 1.1% | 6.2% | 51.2% | 47.4% | 44.5% | 79.7% |
| Quality scores | ||||||||||
| Accruals ratio | −2.8% | 0.9% | −0.7% | −0.8% | −6.2% | −3.0% | −0.1% | −0.5% | −1.3% | −0.2% |
Source: SEC EDGAR XBRL filings (CIK 0001089113). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Per-share figures are per US-listed share (1 ADS = 5 ordinary shares). For information only — not investment advice. Check the original filings before relying on any figure.