One of the large global banking and financial services organizations serving millions of customers across Europe, Asia, and the Americas.
Profile & Fundamentals
HSBC Holdings: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
HSBC Holdings Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
HSBC Holdings plc engages in the provision of banking and financial products and services worldwide. It operates through four segments: Hong Kong, UK, Corporate and Institutional Banking, and International Wealth and Premier Banking. The Hong Kong segment is involved in the retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. The UK segment engages in UK retail banking and wealth, as well as first direct and M&S Bank, UK Commercial Banking, and HSBC Innovation Bank. The Corporate and Institutional Banking segment is involved in transaction banking and capital markets. The International Wealth and Premier Banking segment is involved in the business comprising premier banking outside of Hong Kong and the UK, its private bank, asset management, and insurance businesses. The company was founded in 1865 and is headquartered in London, the United Kingdom.
Company profile record
HSBC Holdings PLC
Common Stock · Financials · Diversified Banks
Company
- Company / asset
- HSBC Holdings PLC
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Diversified Banks
- HQ
- 🇬🇧 United Kingdom
- Head office
- 8 Canada Square, London, United Kingdom, E14 5HQ
Leadership & scale
- Chief executive
- Mr. Georges Bahjat Elhedery
- CEO year born
- 1974
- Full-time employees
- 206.2K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- GBP 254.6B
- P/E
- 13.2x
- Revenue (Q2 26)
- USD 34.2B
- Profit (Q2 26)
- USD 7.9B
- Dividend Yield
- 9.4%
- Revenue (FY 25)
- USD 134.1B
- Shares in public float
- 17B
- Insider ownership
- 0.2%
Reporting & identifiers
- Symbol
- HSBA.LSE
- Listing
- 🇬🇧 United Kingdom | Dividend Tax: 0%
- Ticker Currency
- GBX
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- GB0005405286
- Asset ID
- equity_4c034635-ef4d-5d65-9ccf-4a417b2d9972
Ownership
Shares Outstanding
Latest: 17.3B | Max: 20.2B | Min: 17.3B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
98.18%
17.0B latest reported shares
Insider Ownership
0.20%
Latest reported insider stake
Short Float
0.99%
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 20,072,000,000 |
| 2018-01-01 | 19,983,000,000 |
| 2019-01-01 | 20,149,000,000 |
| 2020-01-01 | 20,164,000,000 |
| 2021-01-01 | 20,212,000,000 |
| 2022-01-01 | 19,886,000,000 |
| 2023-01-01 | 19,124,000,000 |
| 2024-01-01 | 18,151,000,000 |
| 2025-01-01 | 17,609,976,000 |
| 2026-01-01 | 17,293,000,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
HSBC's financial performance highlights an exceptional profit recovery that is reaching its cyclical summit. For the first half of 2026, profit before tax climbed 23% to $19.5 billion on net operating revenue of $37.7 billion, supported by strong net interest income and double-digit growth in Asian wealth management fees. However, headline figures were flattered by $2.6 billion in favorable one-off items, while credit costs rose to $2.4 billion. This earnings picture reveals that while the core business remains robust, top-line growth is slowing. As policy rates stabilize, future profit expansion cannot rely on rising lending spreads. Instead, earnings must depend on disciplined cost management and expanding non-interest fees.
HSBC's financial performance highlights an exceptional profit recovery that is reaching its cyclical summit. For the first half of 2026, profit before tax climbed 23% to $19.5 billion on net operating revenue of $37.7 billion, supported by strong net interest income and double-digit growth in Asian wealth management fees. However, headline figures were flattered by $2.6 billion in favorable one-off items, while credit costs rose to $2.4 billion. This earnings picture reveals that while the core business remains robust, top-line growth is slowing. As policy rates stabilize, future profit expansion cannot rely on rising lending spreads. Instead, earnings must depend on disciplined cost management and expanding non-interest fees.
Revenue, Net Income, and Free Cash Flow
Latest: USD 134.1B | Max: USD 178.7B | Min: USD -14.9B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 13x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have expanded significantly, with first-half 2026 net interest margin reaching 1.61% and return on tangible equity surpassing 18%. This performance was driven by rolling reinvestment of the group's massive structural hedge into higher bond yields and solid cost containment from CEO Georges Elhedery's four-division restructuring. Nevertheless, these peak margins leave little room for further improvement. As depositors migrate checking balances into higher-yielding term accounts and commercial real estate provisions normalize higher, profit margins will face steady downward pressure, settling back toward sustainable mid-cycle averages over the forecast horizon.
Profitability margins have expanded significantly, with first-half 2026 net interest margin reaching 1.61% and return on tangible equity surpassing 18%. This performance was driven by rolling reinvestment of the group's massive structural hedge into higher bond yields and solid cost containment from CEO Georges Elhedery's four-division restructuring. Nevertheless, these peak margins leave little room for further improvement. As depositors migrate checking balances into higher-yielding term accounts and commercial real estate provisions normalize higher, profit margins will face steady downward pressure, settling back toward sustainable mid-cycle averages over the forecast horizon.
Profitability Margins
Latest: 53.0% | Max: 100.0% | Min: 4.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
53.0%
Gross profit / revenue
Operating Margin
22.3%
Operating income / revenue
Net Margin
16.6%
Net income / revenue
FCF Margin
18.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 61,975,000,000 | 2,479,000,000 | 66,902,000,000 |
| 2017-12-31 | 63,675,000,000 | 10,798,000,000 | -14,866,000,000 |
| 2018-12-31 | 63,628,000,000 | 13,727,000,000 | 29,471,000,000 |
| 2019-12-31 | 70,403,000,000 | 7,383,000,000 | 26,111,000,000 |
| 2020-12-31 | 63,280,000,000 | 5,229,000,000 | 178,710,000,000 |
| 2021-12-31 | 73,946,000,000 | 13,917,000,000 | 100,747,000,000 |
| 2022-12-31 | 76,168,000,000 | 15,559,000,000 | 22,024,000,000 |
| 2023-12-31 | 129,600,000,000 | 23,533,000,000 | 35,416,000,000 |
| 2024-12-31 | 143,294,000,000 | 23,979,000,000 | 61,419,000,000 |
| 2025-12-31 | 134,098,000,000 | 22,285,000,000 | 25,105,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 12.52 | Trailing four quarters |
| 2024-12-31 | 7.43 | Trailing four quarters |
| 2023-12-31 | 6.56 | Trailing four quarters |
| 2022-12-31 | 7.98 | Annual net income |
| 2021-12-31 | 8.8 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 100 | 31.43 | 4 | 107.95 |
| 2017-12-31 | 100 | 31.68 | 16.96 | -23.35 |
| 2018-12-31 | 100 | 32.64 | 21.57 | 46.32 |
| 2019-12-31 | 100 | 32.52 | 10.49 | 37.09 |
| 2020-12-31 | 100 | 30.06 | 8.26 | 282.41 |
| 2021-12-31 | 86.88 | 25.57 | 18.82 | 136.24 |
| 2022-12-31 | 70.53 | 22.4 | 20.43 | 28.92 |
| 2023-12-31 | 49.79 | 23.42 | 18.16 | 27.33 |
| 2024-12-31 | 47.03 | 22.55 | 16.73 | 42.86 |
| 2025-12-31 | 52.96 | 22.3 | 16.62 | 18.72 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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