HSBC
HSBC Holdings PLC ADR
NYSE: HSBC · FINANCIAL SERVICES · BANKS - DIVERSIFIED
$91.86
+2.89% today
Updated 2026-04-30
Market cap
$318.28B
P/E ratio
15.31
P/S ratio
5.03x
EPS (TTM)
$6.00
Dividend yield
0.84%
52W range
$53 – $93
Volume
2.1M
HSBC Holdings PLC ADR (HSBC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $110.63B | $140.81B | $133.38B | $97.61B | $97.82B | $104.85B | $93.78B | $90.56B | $90.64B | $87.17B | $74.58B | $76.49B | $82.75B | $94.64B | $77.46B | $73.95B | $76.17B | $129.51B | $143.29B | $147.86B |
| Revenue growth (YoY) | — | +27.3% | -5.3% | -26.8% | +0.2% | +7.2% | -10.6% | -3.4% | +0.1% | -3.8% | -14.4% | +2.6% | +8.2% | +14.4% | -18.2% | -4.5% | +3.0% | +70.0% | +10.6% | +3.2% |
| Cost of revenue | $41.39B | $54.56B | $48.74B | $21.37B | $18.90B | $22.34B | $19.03B | $15.65B | $16.25B | $14.66B | $12.60B | $12.82B | $19.12B | $24.23B | $14.18B | $9.70B | $22.45B | $65.07B | $75.90B | $67.08B |
| Gross profit | $69.24B | $86.25B | $84.64B | $76.24B | $78.92B | $82.51B | $74.75B | $74.91B | $74.39B | $72.51B | $61.98B | $63.67B | $63.63B | $70.40B | $63.28B | $64.25B | $53.72B | $64.44B | $67.40B | $80.78B |
| Gross margin | 62.6% | 61.3% | 63.5% | 78.1% | 80.7% | 78.7% | 79.7% | 82.7% | 82.1% | 83.2% | 83.1% | 83.2% | 76.9% | 74.4% | 81.7% | 86.9% | 70.5% | 49.8% | 47.0% | 54.6% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $12.82B | $15.29B | $15.26B | $13.39B | $15.16B | $17.46B | $19.98B | $17.07B | $18.57B | $17.66B | $16.47B | $15.71B | $15.35B | $13.83B | $11.12B | $11.59B | $10.85B | $10.38B | $10.50B | $19.60B |
| Operating income | $22.09B | $24.21B | $9.31B | $7.08B | $19.04B | $21.87B | $20.65B | $22.57B | $18.68B | $18.87B | $7.11B | $17.17B | $19.89B | $13.35B | $8.78B | $18.91B | $17.06B | $30.35B | $32.31B | $29.98B |
| Operating margin | 20.0% | 17.2% | 7.0% | 7.3% | 19.5% | 20.9% | 22.0% | 24.9% | 20.6% | 21.6% | 9.5% | 22.4% | 24.0% | 14.1% | 11.3% | 25.6% | 22.4% | 23.4% | 22.5% | 20.3% |
| EBITDA | $24.61B | $26.73B | $22.67B | $9.62B | $21.73B | $24.79B | $23.18B | $24.86B | $21.00B | $21.05B | $12.32B | $19.03B | $21.82B | $23.87B | $14.02B | $23.19B | $20.91B | $33.81B | $36.39B | $29.03B |
| EBITDA margin | 22.2% | 19.0% | 17.0% | 9.9% | 22.2% | 23.6% | 24.7% | 27.5% | 23.2% | 24.1% | 16.5% | 24.9% | 26.4% | 25.2% | 18.1% | 31.4% | 27.4% | 26.1% | 25.4% | 19.6% |
| EBIT | $22.09B | $24.21B | $9.31B | $7.08B | $19.04B | $21.87B | $20.65B | $22.57B | $18.68B | $18.87B | $7.11B | $17.17B | $19.89B | $13.35B | $8.78B | $18.91B | $17.06B | $30.35B | $32.31B | $27.06B |
| Interest expense | $41.39B | $54.56B | $48.74B | $21.37B | $18.90B | $22.34B | $19.03B | $15.65B | $16.25B | $14.66B | $12.60B | $12.82B | $19.12B | $24.23B | $14.18B | $9.70B | $22.45B | $65.07B | $75.90B | $63.23B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $15.79B | $19.13B | $5.73B | $5.83B | $13.16B | $16.80B | $14.03B | $16.20B | $13.69B | $13.52B | $2.48B | $10.80B | $13.73B | $7.38B | $5.23B | $13.92B | $15.56B | $23.53B | $23.98B | $22.34B |
| Net income growth (YoY) | — | +21.2% | -70.1% | +1.9% | +125.6% | +27.6% | -16.5% | +15.5% | -15.5% | -1.2% | -81.7% | +335.6% | +27.1% | -46.2% | -29.2% | +166.2% | +11.8% | +51.3% | +1.9% | -6.8% |
| Profit margin | 14.3% | 13.6% | 4.3% | 6.0% | 13.5% | 16.0% | 15.0% | 17.9% | 15.1% | 15.5% | 3.3% | 14.1% | 16.6% | 7.8% | 6.8% | 18.8% | 20.4% | 18.2% | 16.7% | 15.1% |