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HSBC Holdings plc (HSBC): Financial Statements and Key Figures

HSBC Holdings plc (ticker HSBC) is classified by the SEC under industry code 6035, Savings Institution, Federally Chartered, and is listed on NYSE. It files its annual report with the U.S. Securities and Exchange Commission (SEC) on Form 20-F and reports in US dollars. Its fiscal 2025 ended on 31 December 2025; the annual report for that year was filed on 26 February 2026. For that year it reported net income of US$ 23,131 million and total assets of US$ 3,233,034 million at the year end. Fiscal years 2016 to 2025 are shown below.

The figures are as the company filed them, standardised by reporting tag; the filing is the authority. For education and analysis, not investment advice.

Key Figures

Money in US$ millions; earnings per share in US dollars. Free cash flow is the cash from operating activities less capital expenditures. Total debt is short-term plus long-term debt, or the total the company itself tags when that is larger. A margin is the profit line divided by revenue; return on equity is net income divided by the average of shareholders' equity at the start and the end of the year. A blank cell means the company does not report the line under a standard tag; it does not mean zero.

Table 1: Key figures of HSBC Holdings plc by fiscal year
Fiscal year2016201720182019202020212022202320242025
year ended on31 Dec31 Dec31 Dec31 Dec31 Dec31 Dec31 Dec31 Dec31 Dec31 Dec
Revenue (US$ millions)
Net income (US$ millions)2,47910,79813,7277,3835,22913,91716,03524,55924,99923,131
Earnings per share, diluted (US$)0.070.480.630.300.190.620.721.141.241.20
Cash from operating activities (US$ millions)68,959−12,41432,51529,743182,220104,31219,35539,11165,30529,766
Free cash flow (US$ millions)67,808−13,58131,31928,400180,774103,22618,07137,96663,96128,319
Total assets (US$ millions)2,374,9862,521,7712,558,1242,715,1522,984,1642,957,9392,949,2863,038,6773,017,0483,233,034
Total debt (US$ millions)
Shareholders' equity (US$ millions)175,386190,250186,253183,955196,443198,250177,833185,329184,973198,225
Gross margin
Operating margin
Net margin
Return on equity1.3 %5.9 %7.3 %4.0 %2.7 %7.1 %8.5 %13.5 %13.5 %12.1 %

Last twelve months: not shown. No quarterly reports in XBRL (the company files annual, half-year or current reports only): no last-twelve-month figures, none estimated.

Charts

Figure 1: Revenue and net income by fiscal year (US$ millions)

Figure 2: Cash from operating activities and free cash flow by fiscal year (US$ millions)

Compound Growth

The compound annual growth rate is the single yearly rate that, applied every year, takes the first value to the last one: the last value divided by the first, raised to the power of one over the number of years, less one. It uses only the two end values, so an unusual first or last year moves it a great deal.

  • Revenue: not shown. The rate needs a positive revenue in the latest fiscal year and in an earlier one.
  • Diluted earnings per share: 0.64 in fiscal 2015 to 1.20 in fiscal 2025 (US dollars per share), 10 years: 6.5 % a year.

Analyse This Company

Each link opens a calculator with HSBC Holdings plc loaded from the same data.

  • Company Financial Statements: The full income statement, balance sheet and cash flow statement of each fiscal year, with common-size and growth views.
  • Capital Allocation History: Where the cash from operations went each year: capital expenditures, dividends, share repurchases, debt.
  • Dividend Sustainability: How the dividends paid compare with earnings and with free cash flow, year by year.
  • Earnings Quality Trend: How much of reported earnings arrived as cash, and how accruals moved over the years.
  • Reverse DCF: The growth in free cash flow that a share price you type would assume.
  • Financial Quality Scores: The Piotroski F-score and the DuPont breakdown of return on equity, worked step by step.
  • Valuation Range: What a share price you type corresponds to as multiples of earnings, cash flow and book value, against the company's own history.

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Source

The annual report first filed for each fiscal year, with a link to its index page on EDGAR, the SEC's filing system. A later annual report repeats earlier years for comparison and sometimes restates them; where a value was taken from a later report, the last column gives the date of the latest one used.

Table 2: The filing behind each fiscal year
Fiscal yearYear endedFormFiledOn EDGARLater report used, filed
202531 Dec 2025Form 20-F26 Feb 2026filing index
202431 Dec 2024Form 20-F20 Feb 2025filing index26 Feb 2026
202331 Dec 2023Form 20-F22 Feb 2024filing index26 Feb 2026
202231 Dec 2022Form 20-F22 Feb 2023filing index20 Feb 2025
202131 Dec 2021Form 20-F23 Feb 2022filing index22 Feb 2024
202031 Dec 2020Form 20-F24 Feb 2021filing index22 Feb 2023
201931 Dec 2019Form 20-F19 Feb 2020filing index23 Feb 2022
201831 Dec 2018Form 20-F20 Feb 2019filing index24 Feb 2021
201731 Dec 2017Form 20-F20 Feb 2018filing index19 Feb 2020
201631 Dec 2016Form 20-F20 Feb 2018filing index20 Feb 2019
  • The figures are as filed with the SEC and standardised by reporting tag. The filing is the authority: check it before relying on a number.
  • A blank cell means the company does not tag that line, or the tagged figure is withheld as incomplete. It does not mean zero.
  • Currency: every figure is in the currency the company reported that year (US dollars here). Nothing is converted.
  • Per-share figures are adjusted for stock splits detected from the company's own restated figures, except where a year is flagged; the as-filed values are in the filings.
  • For a bank, broker, insurer or other financial company (SIC codes 6000 to 6799) net debt, EBITDA, the current ratio and debt to equity are not meaningful and the tools show them as n/m; this company is one, and its total debt above says little, because deposits and policy liabilities are not debt in that sense.
  • A fiscal year is named after the calendar year in which it ends. The data is updated from time to time, not daily; this company's figures were loaded on 13 November 2026.

For education and analysis, not investment advice.