HSBC Holdings (HSBC) Financial Statements & Analysis

HSBC Holdings (HSBC) Income Statement

HSBC Holdings reported revenue of $71.02B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 50.4% from $143.29B a year earlier. Net income was $22.29B, down 7.1% year over year, a net margin of 31.4%. Gross margin was 100.0% and operating margin 42.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $19.04B, up 7.8% from the same quarter a year earlier.

HSBC Holdings Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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HSBC Holdings plc income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Jan 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	71.02	143.29	64.53	53.72	49.90	64.25	41.61	94.64	82.75	76.49
Cost of Revenue	63.08	75.90	65.07	22.45	-	9.70	14.18	24.23	19.12	12.82
Gross Profit	71.02	67.40	64.44	53.72	-	64.25	63.28	70.40	63.63	63.68
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	11.96	10.50	10.38	10.85	11.59	11.59	11.12	13.83	15.35	15.71
Operating Expenses	33.06	35.09	31.94	29.53	-	46.11	54.50	57.06	43.74	46.51
Operating Income	29.91	32.31	30.35	17.06	-	18.91	8.78	13.35	19.89	17.17
Other Income/Expense
Interest Income	97.87	108.63	100.87	52.83	-	36.19	41.76	54.70	49.61	41.00
Interest Expense	63.08	75.90	65.07	22.45	-	9.70	14.18	24.23	19.12	12.82
Other Income/Expense	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	29.91	32.31	30.35	17.06	18.91	18.91	8.78	13.35	19.89	17.17
Income Tax Expense	6.78	7.31	5.79	0.81	4.21	4.21	2.68	4.64	4.87	5.29
Net Income	22.29	23.98	23.53	15.56	12.61	13.92	5.23	7.38	13.73	10.80
Net Income - Continuous Operations	23.13	23.98	24.56	16.25	-	14.69	5.23	7.38	13.73	10.80
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	4.92	36.39	3.47	20.91	4.29	23.19	14.02	23.87	21.82	19.03
EBIT	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	4.92	4.08	3.47	3.85	-	3.70	5.24	10.52	1.93	1.86
Earnings Per Share
Basic EPS	6.00	6.00	6.00	4.00	1.00	3.00	-	2.00	3.00	2.00
Diluted EPS	6.00	6.00	6.00	4.00	3.00	3.00	-	2.00	3.00	2.00
Basic Shares Outstanding	3.49	3.70	3.90	3.97	20.20	4.04	20.17	4.03	3.98	3.99
Diluted Shares Outstanding	3.51	3.70	3.92	4.00	20.30	4.06	20.24	4.05	4.00	4.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About HSBC Holdings Financial Statements

What was HSBC Holdings's revenue in fiscal 2025?

HSBC Holdings reported revenue of $71.02B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 50.4% from $143.29B a year earlier.

Is HSBC Holdings profitable?

Yes. HSBC Holdings earned net income of $22.29B in fiscal 2025, a net margin of 31.4%. In fiscal 2024 it earned $23.98B.

What is HSBC Holdings's operating margin?

HSBC Holdings's operating income was $29.91B on revenue of $71.02B in fiscal 2025, an operating margin of 42.1%, compared with 22.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition