HSBC NYSE Savings Institution, Federally Chartered Financials FY2016–FY2025
Hsbc Holdings Plc had $68.3B of revenue in fiscal 2025, up 3.7% on the year before. Over five years, revenue changed +6.2% a year on average.
Last close · Oct 23, 2026
$90.68
1.3%Hi! I read Hsbc Holdings Plc’s latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+3.7%
Only a little. Sales grew 3.7% last year.
Does it make a profit?
33.9%
Yes. It keeps 33.9% of every sale as profit.
How much does it earn on its capital?
12.1%
Good. It earns 12.1% a year on shareholders’ money.
How is the share priced?
15.1x
One share costs 15.1 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Hsbc Holdings Plc did it, and the next one. Share prices often move a lot on those days.
Next results
October 27, 2026
Tuesday · tomorrow
| Date | Results for | Time | Source |
|---|---|---|---|
| Feb 26, 2026 | Period ended Dec 31, 2025 | During market hours | 20-F ↗ |
| Feb 20, 2025 | Period ended Dec 31, 2024 | After the market closes | 20-F ↗ |
| Feb 22, 2024 | Period ended Dec 31, 2023 | During market hours | 20-F ↗ |
| Feb 22, 2023 | Period ended Dec 31, 2022 | During market hours | 20-F ↗ |
| Feb 23, 2022 | Period ended Dec 31, 2021 | During market hours | 20-F ↗ |
| Feb 24, 2021 | Period ended Dec 31, 2020 | During market hours | 20-F ↗ |
| Feb 19, 2020 | Period ended Dec 31, 2019 | After the market closes | 20-F ↗ |
| Feb 20, 2019 | Period ended Dec 31, 2018 | During market hours | 20-F ↗ |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA · Hsbc Holdings Plc had $68.3B of revenue in fiscal 2025, up 3.7% on the year before. Over five years, revenue changed +6.2% a year on average.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Net interest income share and efficiency ratio
KIRA · Hsbc Holdings Plc made $23.1B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 37.1% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Diluted EPS
How much cash comes in, and where does it go?
KIRA · Hsbc Holdings Plc returned $22.6B to shareholders in fiscal 2025, 80% of free cash flow. The diluted share count fell 5.1%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA · No open-market insider trades in the last 12 months.
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.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
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.
Can it carry its debts, and how well does it use its money?
Loans, deposits and capital at each fiscal year end.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Loans and 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 |
KIRA · It earned 12.1% on shareholders’ money.
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
In plain words: Return on equity is the profit made on shareholders’ money each year. The efficiency ratio is how much of each dollar of revenue goes on running costs, so lower is better.
Return on equity, return on tangible equity and efficiency ratio
Every number, year by year.
Amounts in USD. Hover a ratio’s name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| 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.
