HDB
HDFC Bank Limited ADR
NYSE: HDB · FINANCIAL SERVICES · BANKS - REGIONAL
$25.41
+0.59% today
Updated 2026-04-30
Market cap
$131.63B
P/E ratio
17.94
P/S ratio
0.05x
EPS (TTM)
$1.43
Dividend yield
1.63%
52W range
$24 – $39
Volume
9.8M
HDFC Bank Limited ADR (HDB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $85.85B | $124.60B | $192.71B | $201.55B | $249.07B | $330.14B | $419.06B | $493.05B | $580.61B | $722.26B | $835.88B | $988.07B | $1.20T | $1.41T | $1.53T | $1.60T | $1.98T | $3.52T | $4.19T | $5.21T |
| Revenue growth (YoY) | — | +45.1% | +54.7% | +4.6% | +23.6% | +32.5% | +26.9% | +17.7% | +17.8% | +24.4% | +15.7% | +18.2% | +21.6% | +17.3% | +8.4% | +4.9% | +23.5% | +77.7% | +19.1% | +24.3% |
| Cost of revenue | $41.50B | $62.78B | $106.51B | $95.91B | $103.47B | $158.99B | $209.49B | $247.07B | $281.61B | $354.60B | $411.71B | $479.71B | $606.49B | $736.08B | $746.51B | $711.28B | $849.75B | $1.67T | $2.00T | $2.23T |
| Gross profit | $44.35B | $61.81B | $86.20B | $105.64B | $145.60B | $171.15B | $209.57B | $245.98B | $299.00B | $367.66B | $424.17B | $508.36B | $595.35B | $674.12B | $782.43B | $892.43B | $1.13T | $1.85T | $2.19T | $2.98T |
| Gross margin | 51.7% | 49.6% | 44.7% | 52.4% | 58.5% | 51.8% | 50.0% | 49.9% | 51.5% | 50.9% | 50.7% | 51.4% | 49.5% | 47.8% | 51.2% | 55.6% | 57.1% | 52.7% | 52.2% | 57.2% |
| R&D | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — |
| SG&A | $11.46B | $34.72B | $47.50B | $49.47B | $62.25B | $74.80B | $91.21B | $96.99B | $117.35B | $150.54B | $167.30B | $191.76B | $213.61B | $263.95B | $292.98B | $320.22B | $400.22B | $951.76B | $1.12T | $395.68B |
| Operating income | $16.22B | $19.55B | $22.94B | $37.23B | $63.23B | $73.84B | $91.97B | $121.75B | $154.02B | $185.59B | $219.97B | $277.11B | $339.96B | $365.84B | $439.83B | $519.16B | $662.38B | $705.46B | $861.55B | $1.07T |
| Operating margin | 18.9% | 15.7% | 11.9% | 18.5% | 25.4% | 22.4% | 21.9% | 24.7% | 26.5% | 25.7% | 26.3% | 28.0% | 28.3% | 25.9% | 28.8% | 32.4% | 33.4% | 20.0% | 20.5% | 20.6% |
| EBITDA | $24.16B | $22.37B | $29.94B | $45.13B | $70.92B | $81.75B | $100.97B | $130.27B | $161.15B | $193.02B | $228.85B | $286.79B | $352.21B | $378.64B | $453.69B | $535.98B | $685.87B | $757.81B | $924.57B | $1.12T |
| EBITDA margin | 28.1% | 18.0% | 15.5% | 22.4% | 28.5% | 24.8% | 24.1% | 26.4% | 27.8% | 26.7% | 27.4% | 29.0% | 29.3% | 26.9% | 29.7% | 33.4% | 34.6% | 21.5% | 22.0% | 21.5% |
| EBIT | $16.22B | $19.55B | $22.94B | $37.23B | $63.23B | $73.84B | $91.97B | $121.75B | $154.02B | $185.59B | $219.97B | $277.11B | $339.96B | $365.84B | $439.83B | $519.16B | $662.38B | $705.46B | $861.55B | $1.07T |
| Interest expense | $33.23B | $49.41B | $86.11B | $77.72B | $93.85B | $151.15B | $196.80B | $229.64B | $264.61B | $333.07B | $373.76B | $420.31B | $534.21B | $618.46B | $592.28B | $584.30B | $775.54B | $1.53T | $1.82T | $1.95T |
| Income tax | $5.15B | $6.31B | $7.74B | $12.34B | $21.70B | $23.83B | $29.84B | $42.30B | $54.52B | $67.54B | $79.22B | $98.27B | $119.39B | $105.48B | $113.82B | $132.56B | $166.12B | $77.83B | $175.01B | — |
| Effective tax rate | 31.8% | 32.4% | 33.9% | 33.4% | 34.5% | 32.4% | 32.6% | 34.8% | 35.5% | 36.4% | 36.1% | 35.5% | 35.2% | 28.8% | 25.9% | 25.6% | 25.1% | 11.1% | 20.6% | 0.0% |
| Net income | $11.06B | $13.15B | $15.10B | $24.57B | $41.20B | $49.78B | $61.82B | $79.32B | $99.24B | $117.92B | $140.53B | $178.51B | $220.10B | $260.27B | $325.98B | $386.00B | $495.45B | $622.66B | $673.51B | $799.95B |
| Net income growth (YoY) | — | +18.9% | +14.8% | +62.7% | +67.7% | +20.8% | +24.2% | +28.3% | +25.1% | +18.8% | +19.2% | +27.0% | +23.3% | +18.2% | +25.2% | +18.4% | +28.4% | +25.7% | +8.2% | +18.8% |
| Profit margin | 12.9% | 10.6% | 7.8% | 12.2% | 16.5% | 15.1% | 14.8% | 16.1% | 17.1% | 16.3% | 16.8% | 18.1% | 18.3% | 18.5% | 21.3% | 24.1% | 25.0% | 17.7% | 16.1% | 15.3% |