HSBC Holdings (HSBC) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), HSBC Holdings had a P/E ratio of 12.84 (up from 7.58), return on equity of 11.6% (down from 13.0%), debt-to-equity of 3.40 (down from 3.58) and return on assets of 0.7% (down from 0.8%). Its dividend yield was 4.75% with a payout ratio of 57.3%.

HSBC Holdings Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Jan 2022	Dec 2020
Valuation Ratios
P/E Ratio	12.84	7.58	6.85	8.55	9.69	26.89
P/S Ratio	4.28	2.83	2.73	2.65	2.45	2.52
P/B Ratio	1.32	0.90	0.80	0.66	0.62	0.51
Price/Tangible Book	1.46	1.01	0.89	0.74	0.69	0.59
Price/FCF	-	8.80	-	1.12	16.24	-
Price/OCF	-	8.24	-	1.11	14.19	-
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	11.63%	12.99%	13.00%	8.52%	7.32%	3.07%
Return on Assets (ROA)	0.74%	0.83%	0.82%	0.55%	0.50%	0.21%
Leverage & Solvency Ratios
Debt/Equity	3.40	3.58	3.34	3.35	2.12	3.26
Debt/FCF	-	34.91	-	5.67	55.40	-
Liquidity Ratios
Efficiency Ratios
Yield & Distribution Ratios
Earnings Yield	8.23%	13.81%	15.31%	12.69%	11.39%	4.99%
FCF Yield	-51.90%	11.36%	-4.59%	89.10%	6.16%	-43.84%
Dividend Yield	4.75%	6.81%	7.54%	5.15%	4.11%	0.78%
Payout Ratio	57.28%	52.00%	49.26%	42.06%	41.60%	25.45%
Buyback Yield	5.07%	5.69%	1.93%	1.56%	-0.30%	-0.04%
Total Return	9.82%	12.50%	9.48%	6.71%	3.81%	0.74%

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 Ratios

What is HSBC Holdings's P/E ratio?

HSBC Holdings's P/E ratio was 12.84 for fiscal 2025 (period ended Dec 31, 2025). It was 7.58 a year earlier.

What is HSBC Holdings's return on equity?

HSBC Holdings's return on equity (ROE) was 11.6% for fiscal 2025 (period ended Dec 31, 2025). It was 13.0% a year earlier.

What is HSBC Holdings's debt-to-equity ratio?

HSBC Holdings's debt-to-equity ratio was 3.40 for fiscal 2025 (period ended Dec 31, 2025). It was 3.58 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition