Operating income
5Y CAGR +31.3%5Y CAGR +31.3%$28B FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
HSBC
$89.37+5.78%
as of close, Nov 4, 2026
☾ AH $89.37 +5.78%
HSBC Holdings plc.Stock · FinancialsMSCI EAFE · 1.7% of EFAMSCI World · 0.4% of URTHMSCI ACWI · 0.4% of ACWI
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HSBC financial statements
The full income statement, balance sheet, and cash-flow statement for HSBC Holdings plc. (HSBC), 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 +30.6%10Y CAGR +4.4%$23.1B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EPS (diluted)
5Y CAGR +44.6%10Y CAGR +6.5%$6.00 FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating cash flow
5Y CAGR −30.4%10Y n/m$29.8B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Capital expenditure
5Y CAGR +0.0%10Y CAGR +1.5%$1.4B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Free cash flow
5Y CAGR −31.0%10Y n/m$28.3B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares (diluted)
5Y −13.3%10Y −10.1%3.5B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Dividend per share
5Y n/m10Y CAGR +2.8%$3.30 FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares outstanding (point-in-time)
2017-12 4.06B2018-12 4.07B2019-12 4.13B2020-12 4.14B2021-12 4.13B2022-12 4.06B2023-12 3.85B2024-12 3.59B2025-12 3.44B-15.5% 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Operating income | 28.0B-4.8% | 29.4B-3.7% | 30.5B+113.1% | 14.3B-9.6% | 15.9B+120.9% | |
| Pre-tax income | 29.9B-7.4% | 32.3B+6.5% | 30.3B+77.9% | 17.1B-9.8% | 18.9B+115.4% | |
| Income tax | 6.78B-7.3% | 7.31B+26.3% | 5.79B+615.6% | 809M-80.8% | 4.21B+57.3% | |
| 23.1B-7.5% | 25.0B+1.8% | 24.6B+51.1% | 16.2B+10.6% | 14.7B+140.9% | ||
| Net income to common | 23.1B-7.5% | 25.0B+1.8% | 24.6B+53.2% | 16.0B+15.2% | 13.9B+166.2% | |
| $6.00-3.2% | $6.20+8.8% | $5.70+58.3% | $3.60+16.1% | $3.10+226.3% | ||
| EPS (basic) | $6.05-3.2% | $6.25+8.7% | $5.75+59.7% | $3.60+16.1% | $3.10+226.3% | |
| Weighted-avg shares (basic) | 3.49B-5.1% | 3.67B-5.8% | 3.90B-1.9% | 3.97B-1.7% | 4.04B+0.1% | |
| Weighted-avg shares (diluted) | 3.51B-5.1% | 3.70B-5.7% | 3.92B-1.9% | 4.00B-1.6% | 4.06B+0.3% | |
| Dividends per share | $3.30-19.5% | $4.10+54.7% | $2.65+96.3% | $1.35+22.7% | $1.10 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 433B-0.5% | 435B-11.4% | 491B-5.9% | 522B-9.1% | 574B+22.6% | |
| 3.23T+7.2% | 3.02T-0.7% | 3.04T+3.0% | 2.95T-0.2% | 2.95T-1.0% | ||
| Property, plant & equipment | 9.62B+2.2% | 9.41B-10.2% | 10.5B+1.1% | 10.4B+1.1% | 10.3B-1.5% | |
| Total liabilities | 3.03T+7.2% | 2.82T-0.7% | 2.85T+3.0% | 2.76T+0.2% | 2.76T-0.8% | |
| 198B+7.2% | 185B-0.2% | 185B+4.2% | 178B-5.9% | 189B-3.8% | ||
| Total equity incl. non-controlling | 206B+7.0% | 192B-0.2% | 193B+4.0% | 185B-5.7% | 196B-4.2% | |
| Shares outstanding (cover) | 3.44B-4.3% | 3.59B-6.8% | 3.85B-5.1% | 4.06B-1.6% | 4.13B-0.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash from operations | 29.8B-54.4% | 65.3B+67.0% | 39.1B+102.1% | 19.4B-81.4% | 104B-42.8% | |
| Capital expenditure | 1.45B+7.7% | 1.34B+17.4% | 1.15B-10.8% | 1.28B+18.2% | 1.09B-24.9% | |
| Free cash flow | 28.3B-55.7% | 64.0B+68.5% | 38.0B+110.1% | 18.1B-82.5% | 103B-42.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 4.10B+13.7% | 3.60B+80.4% | 2.00B | 0.00-100.0% | 2.00B+33.3% | |
| Dividends paid | 13.5B-21.2% | 17.1B+40.2% | 12.2B+75.0% | 6.97B+9.2% | 6.38B+215.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 270B+52.2% | 178B+7.9% | 165B+28.0% | 129B+3.3% | 124B+16.0% | |
| P/E | 11.7×+64.5% | 7.1×-29.9% | 10.1×+15.7% | 8.8×+3.3% | 8.5×-51.8% | |
| P/B | 1.4×+42.0% | 1.0×+3.7% | 0.9×+36.0% | 0.7×+3.3% | 0.7×+20.6% | |
| P/FCF | 9.5×+243.8% | 2.8×-69.5% | 9.1×+631.0% | 1.2×+3.3% | 1.2×+103.2% | |
| Earnings yield | 8.6%-39.2% | 14.1%+42.6% | 9.9%-13.6% | 11.4%-3.2% | 11.8%+107.7% | |
| FCF yield | 10.5%-70.9% | 36.0%+228.0% | 11.0%-86.3% | 80.3%-3.2% | 83.0%-50.8% | |
| Dividend yield | 4.2%-49.4% | 8.3%+26.8% | 6.5%+50.9% | 4.3%+18.7% | 3.6% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: HSBC’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 HSBC filings on SEC EDGAR → Not investment advice.
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