Revenue
5Y CAGR +20.1%10Y CAGR +16.7%$26.3B FY26
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
No quarters filed for this figure.
HDB
$25.83+0.47%
as of close, Nov 13, 2026
☾ AH $25.83 +0.47%
HDFC Bank LimitedStock · FinancialsNifty 50 · 11.1% of INDYEmerging Markets · 0.8% of VWOMSCI ACWI · 0.09% of ACWI
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HDB financial statements
The full income statement, balance sheet, and cash-flow statement for HDFC Bank Limited (HDB), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Financial overview#
Net income
5Y CAGR +12.7%10Y CAGR +16.0%$8B FY26
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
No quarters filed for this figure.
EPS (diluted)
5Y CAGR +5.4%10Y CAGR +11.3%$1.55 FY26
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
No quarters filed for this figure.
Operating cash flow
5Y CAGR +0.4%10Y CAGR +17.1%$12.6B FY26
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
No quarters filed for this figure.
Capital expenditure
5Y CAGR +20.0%10Y CAGR +14.6%$596.7M FY26
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
No quarters filed for this figure.
Free cash flow
5Y CAGR −0.2%10Y CAGR +17.3%$12B FY26
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
No quarters filed for this figure.
Shares (diluted)
5Y +39.5%10Y +51.3%5.1B FY26
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
No quarters filed for this figure.
Dividend per share
5Y CAGR +32.0%10Y CAGR +17.0%$0.53 FY26
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
No quarters filed for this figure.
Shares outstanding (point-in-time)
2018-03 3.46B2019-03 3.63B2020-03 3.66B2021-03 3.68B2022-03 3.70B2023-03 3.72B2024-03 5.06B2025-03 5.10B2026-03 5.13B+48.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Income Statement | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| 26.3B+1.7% | 25.9B+15.6% | 22.4B+59.0% | 14.1B+17.6% | 12.0B+13.7% | ||
| Noninterest income | 11.3B-1.5% | 11.4B+28.0% | 8.92B+146.0% | 3.63B-0.1% | 3.63B+6.6% | |
| Selling, general & administrative | — | — | 3.39B+35.9% | 2.50B+20.0% | 2.08B+3.5% | |
| Amortization of intangibles | 234M-21.6% | 298M+16.5% | 256M | 0.00 | 0.00 | |
| Noninterest expense | 15.3B+2.2% | 15.0B+15.8% | 12.9B+121.2% | 5.84B+16.5% | 5.01B+8.6% | |
| Provision for credit losses | 1.90B-11.2% | 2.14B+33.4% | 1.61B+73.9% | 924M-45.8% | 1.70B-18.0% | |
| Interest expense | — | — | 18.5B+91.8% | 9.66B+23.1% | 7.84B-1.7% | |
| Interest & investment income | 38.0B-0.4% | 38.1B+13.5% | 33.6B+59.7% | 21.0B+17.6% | 17.9B+4.1% | |
| Net interest income | 17.0B+2.2% | 16.6B+10.1% | 15.1B+32.4% | 11.4B+13.2% | 10.1B+9.1% | |
| Gain (loss) on equity securities | 46.1M+2551.4% | -1.88M-101.3% | 142M | — | — | |
| Pre-tax income | 10.6B+4.3% | 10.2B+19.5% | 8.52B+3.3% | 8.25B+18.3% | 6.97B+17.6% | |
| Income tax | 2.40B+15.9% | 2.07B+120.0% | 940M-54.6% | 2.07B+16.2% | 1.78B+16.1% | |
| 7.97B+0.1% | 7.96B+5.8% | 7.52B+21.9% | 6.17B+19.1% | 5.18B+18.0% | ||
| Net income to non-controlling interest | 252M+63.9% | 154M+156.1% | 60.1M+490.3% | 10.2M+25.8% | 8.09M+1949.4% | |
| Net income to common | 7.97B+0.1% | 7.96B+5.8% | 7.52B+21.9% | 6.17B+19.1% | 5.18B+18.0% | |
| $1.55-2.3% | $1.59-0.7% | $1.60-3.4% | $1.66+18.6% | $1.40+17.1% | ||
| EPS (basic) | $1.56-2.4% | $1.60-0.7% | $1.61-3.4% | $1.66+18.4% | $1.40+17.3% | |
| Weighted-avg shares (basic) | 5.12B+0.7% | 5.09B+7.7% | 4.72B+27.2% | 3.71B+0.6% | 3.69B+0.6% | |
| Weighted-avg shares (diluted) | 5.14B+0.6% | 5.11B+7.8% | 4.74B+27.2% | 3.72B+0.4% | 3.71B+0.7% | |
| Dividends per share | $0.53+34.8% | $0.39+10.4% | $0.35-0.5% | $0.35+13.7% | $0.31+137.6% | |
| Balance Sheet | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Cash & equivalents | 27.3B+17.6% | 23.2B-7.3% | 25.0B+48.2% | 16.9B+14.3% | 14.8B+16.2% | |
| 564B-0.1% | 564B+6.5% | 529B+68.8% | 314B+12.7% | 278B+13.2% | ||
| Property, plant & equipment | 1.92B-5.0% | 2.02B+14.4% | 1.76B+65.5% | 1.07B+22.9% | 867M+19.5% | |
| Operating lease right-of-use | 1.72B+3.5% | 1.67B+14.4% | 1.46B+32.9% | 1.10B | — | |
| Goodwill | 17.5B-8.5% | 19.1B-2.5% | 19.6B+2043.1% | 912M-7.6% | 987M | |
| Intangible assets | 14.5B-9.9% | 16.0B-4.2% | 16.8B | 0.00 | — | |
| Short-term & current debt | 14.5B-5.4% | 15.3B-3.1% | 15.8B+18.8% | 13.3B+81.7% | 7.30B+123.2% | |
| 465B+0.5% | 463B+6.5% | 435B+56.4% | 278B+13.4% | 245B+13.3% | ||
| Long-term debt | 54.8B-20.1% | 68.6B-14.0% | 79.8B+219.0% | 25.0B+22.1% | 20.5B+27.5% | |
| Operating lease liability (total) | 1.87B+3.8% | 1.80B+14.6% | 1.57B+32.2% | 1.19B+15.5% | 1.03B+6.9% | |
| 87.5B-2.6% | 89.8B+7.8% | 83.4B+135.1% | 35.5B+7.4% | 33.0B+11.8% | ||
| Additional paid-in capital | 49.0B-5.3% | 51.8B-0.6% | 52.1B+384.7% | 10.8B-2.2% | 11.0B+1.3% | |
| Treasury stock | 181M-8.5% | 197M-2.5% | 202M | 0.00 | — | |
| Accumulated other comprehensive income | -669M-158.8% | 1.14B+709.9% | -186M+77.6% | -831M-254.6% | -234M-163.1% | |
| Non-controlling interest | 10.6B-3.9% | 11.1B-1.7% | 11.3B+16314.2% | 68.6M+12.9% | 60.8M+17.8% | |
| Total equity incl. non-controlling | 98.1B-2.8% | 101B+6.6% | 94.6B+166.4% | 35.5B+7.4% | 33.1B+11.8% | |
| Total liabilities & equity | 564B-0.1% | 564B+6.5% | 529B+68.8% | 314B+12.7% | 278B+13.2% | |
| Common shares issued | 5.13B+0.6% | 5.10B+0.7% | 5.06B+36.2% | 3.72B+0.6% | 3.70B+0.6% | |
| Common shares outstanding | 5.13B+0.6% | 5.10B+0.7% | 5.06B+36.2% | 3.72B+0.6% | 3.70B+0.6% | |
| Shares outstanding (cover) | 5.13B+0.6% | 5.10B+0.7% | 5.06B+36.2% | 3.72B+0.6% | 3.70B+0.6% | |
| Cash Flow | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| 12.6B-10.5% | 14.1B+14.4% | 12.3B+107.8% | 5.94B-23.8% | 7.80B-37.2% | ||
| Depreciation & amortization | 699M-6.1% | 745M+17.8% | 632M+116.2% | 292M+29.6% | 226M+20.9% | |
| Intangible amortization | 234M-21.6% | 298M+16.5% | 256M | 0.00 | 0.00 | |
| Share-based compensation | 251M-13.9% | 291M+19.8% | 243M+39.2% | 175M-6.3% | 186M+30.4% | |
| Deferred income taxes | -276M-49.7% | -184M+73.3% | -690M-551.2% | 153M+215.2% | -133M-19.2% | |
| -40.4B+7.9% | -43.9B+1.0% | -44.4B+18.9% | -54.7B-23.4% | -44.3B-30.5% | ||
| Capital expenditure | 597M-23.9% | 785M+20.7% | 650M+19.7% | 543M+53.7% | 353M+47.3% | |
| Free cash flow | 12.0B-9.7% | 13.3B+14.1% | 11.7B+116.7% | 5.40B-27.5% | 7.45B-38.9% | |
| Acquisitions | 0.00 | 0.00 | — | 0.00 | 0.00 | |
| Sales/maturities of investments | 7.57B-49.6% | 15.0B+6.9% | 14.1B+13.6% | 12.4B+14.2% | 10.8B+2.6% | |
| Proceeds from sale of PP&E | 56.5M+388.5% | 11.6M-37.6% | 18.5M+248.6% | 5.31M+98.8% | 2.67M+29.8% | |
| 33.6B+17.6% | 28.6B-29.3% | 40.4B-22.2% | 52.0B+32.9% | 39.1B+51.3% | ||
| Long-term debt issued | 9.73B+24.5% | 7.81B-44.0% | 14.0B+9.6% | 12.7B+31.2% | 9.70B+49.5% | |
| Long-term debt repaid | 19.2B+11.3% | 17.3B+2.2% | 16.9B+143.4% | 6.95B+46.5% | 4.74B+7.9% | |
| Net short-term debt | 198M+225.0% | -159M-105.9% | 2.68B-59.8% | 6.67B+57.9% | 4.23B+327.2% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | — | — | 0.00 | 0.00 | |
| Dividends paid | 2.48B+32.6% | 1.87B+78.5% | 1.05B-2.8% | 1.08B+121.1% | 487M+21576.0% | |
| FX effect on cash | 578M+2530.7% | -23.8M-227.8% | 18.6M-78.8% | 87.6M+1230.5% | 6.58M+286.4% | |
| Net change in cash | 6.39B+624.2% | -1.22B-114.4% | 8.44B+155.4% | 3.30B+28.6% | 2.57B-40.2% | |
| Interest paid | 20.9B-1.8% | 21.3B+25.4% | 17.0B+83.2% | 9.28B+19.2% | 7.78B-2.8% | |
| Income taxes paid | 2.53B+9.5% | 2.31B-4.3% | 2.41B+18.4% | 2.04B+2.3% | 1.99B+13.6% | |
| Valuation Ratios | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Market cap | 128B-24.7% | 169B+62.8% | 104B-16.0% | 124B+9.4% | 113B-20.6% | |
| P/E | 16.0×-24.8% | 21.3×+26.2% | 16.9×-16.0% | 20.1×-8.1% | 21.9×-32.7% | |
| P/S | 4.9×-25.9% | 6.5×-11.4% | 7.4×-16.0% | 8.8×-7.0% | 9.5×-30.1% | |
| P/B | 1.5×-22.6% | 1.9×-35.7% | 2.9×-16.0% | 3.5×+1.8% | 3.4×-28.9% | |
| P/FCF | 10.6×-16.6% | 12.7×-34.1% | 19.3×-16.0% | 23.0×+50.9% | 15.2×+29.9% | |
| Earnings yield | 6.2%+32.9% | 4.7%-20.8% | 5.9%+19.1% | 5.0%+8.8% | 4.6%+48.6% | |
| FCF yield | 9.4%+19.9% | 7.9%+51.8% | 5.2%+19.1% | 4.4%-33.7% | 6.6%-23.0% | |
| Dividend yield | 2.1%+80.0% | 1.2%-7.0% | 1.3%+18.6% | 1.1%+4.6% | 1.0%+201.0% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: HDB’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HDB filings on SEC EDGAR → Not investment advice.
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