HDFC Bank Limited
Financial Performance
HDFC Bank Revenue & Financials
Revenue
~$32.9B (FY2026)
Market Cap
$118.8B
Net Income
~$8.8B
Employees
211,178
What is HDFC Bank's revenue?
HDFC Bank had ~$32.9B in revenue for fiscal year 2026, up 3.8% from 2025. Net income was ~$8.8B.
- Latest revenue
- ~$32.9B (FY2026)
- Year-over-year
- +3.8%
- Growth rate (CAGR)
- 23.5% over 9 years
- Peak revenue
- ~$32.9B (FY2026)
- Years of data
- 10
- Employees
- 211,178
- How much profit does HDFC Bank make?
- HDFC Bank reported net income of ~$8.8B for fiscal year 2026. stockanalysis.com
- How many employees does HDFC Bank have?
- HDFC Bank has about 211,178 employees.
Financial Analysis
For FY2025-26 HDFC Bank reported net revenues of ~$22.2 billion (INR 1,91,218.60 crore) (+13.6%) and standalone profit after tax of ~$8.66 billion (INR 74,671.30 crore) (+10.9%), with net interest margin of 3.34% and gross NPAs of 1.15%. The board recommended a final dividend of INR 13 per share. Q1 FY2026-27 standalone profit was ~$2.21 billion (INR 19,060 crore), up about 5% (around 9.8% excluding one-off items in the prior-year quarter), with net interest income up 7%, deposits of ~$368 billion (INR 31.71 lakh crore) (+14.7%), gross advances of ~$355 billion (INR 30.61 lakh crore) (+15.4%) and a capital adequacy ratio of 19.6%. Margin pressure was the main reason the shares fell after the results.
Revenue Trend Analysis
YoY Change
+3.8%
9-Year CAGR
+23.5%
Peak Year
2026
Trend
Consistent Growth
HDFC Bank Limited has 10 full fiscal year figures on this page, compounding at +23.5% annually over 9 years. The most recent year saw a 3.8% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$32.9B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$32.9B | ~$8.8B | +3.8% | HDFC Bank (NSE:HDFCBANK) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2026-03-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2025 | ~$31.7B | ~$8.2B | +19.2% | HDFC Bank (NSE:HDFCBANK) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-03-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2024 | ~$26.5B | ~$7.4B | +102.5% | HDFC Bank (NSE:HDFCBANK) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-03-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2023 | ~$13.1B | ~$5.3B | +24.0% | HDFC Bank (NSE:HDFCBANK) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-03-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2022 | ~$10.6B | ~$4.4B | +16.5% | HDFC Bank (NSE:HDFCBANK) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-03-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2021 | ~$9.1B | — | +16.1% | HDFC Bank Limited annual report (Form 20-F, SEC EDGAR, filed 2023-06-29) Fiscal year ended 2021-03-31. |
| FY2020 | ~$7.8B | — | +13.2% | HDFC Bank Limited annual report (Form 20-F, SEC EDGAR, filed 2022-07-29) Fiscal year ended 2020-03-31. |
| FY2019 | ~$6.9B | — | +17.1% | HDFC Bank Limited annual report (Form 20-F, SEC EDGAR, filed 2021-07-28) Fiscal year ended 2019-03-31. |
| FY2018 | ~$5.9B | — | +19.8% | HDFC Bank Limited annual report (Form 20-F, SEC EDGAR, filed 2020-07-31) Fiscal year ended 2018-03-31. |
| FY2017 | ~$4.9B | — | — | HDFC Bank Limited annual report (Form 20-F, SEC EDGAR, filed 2019-07-31) Fiscal year ended 2017-03-31. |
Click any row to see year details.
HDFC Bank Limited balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 20-F, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2023ended Mar 31, 2023 | ~$5.5B | ~$506M | ~$298.8B | ~$264.9B | ~$33.8B | ~$5B | Form 20-F |
| FY2021ended Mar 31, 2021 | ~$10.7B | ~$206.6M | ~$208.6B | ~$183.5B | ~$25.1B | ~$10.5B | Form 20-F |
| FY2020ended Mar 31, 2020 | ~$2B | ~$212.2M | ~$185.2B | ~$163.2B | ~$22B | ~$1.8B | Form 20-F |
| FY2019ended Mar 31, 2019 | ~$2.1B | ~$189.7M | ~$154B | ~$135.1B | ~$18.9B | ~$1.9B | Form 20-F |
| FY2018ended Mar 31, 2018 | ~$1.1B | ~$106.5M | ~$131.9B | ~$118.2B | ~$13.6B | ~$987.1M | Form 20-F |
| FY2017ended Mar 31, 2017 | ~$4.4B | ~$146.5M | ~$105.2B | ~$93.3B | ~$11.9B | ~$4.3B | Form 20-F |
Keep researching HDFC Bank
HDFC Bank Revenue and Financial FAQ
What were HDFC Bank FY2025-26 net revenues and profit?
Net revenues were ~$22.2 billion (INR 1,91,218.60 crore), up 13.6%, and standalone profit after tax was ~$8.66 billion (INR 74,671.30 crore), up 10.9%.
What is HDFC Bank net interest margin?
The bank reported a net interest margin of 3.34% for FY2025-26; margins narrowed further in Q1 FY2026-27 as lending rates fell faster than deposit costs.
How good is HDFC Bank asset quality?
Gross non-performing assets were 1.15% of gross advances at March 31, 2026.
How large are HDFC Bank deposits and advances?
At March 31, 2026 deposits were ~$360 billion (INR 31,05,250.47 crore) and advances ~$341 billion (INR 29,37,166 crore). By June 30, 2026 deposits were ~$368 billion (INR 31.71 lakh crore) and gross advances ~$355 billion (INR 30.61 lakh crore).
What is HDFC Bank capital adequacy ratio?
The capital adequacy ratio was 19.6% at the end of Q1 FY2026-27, well above regulatory minimums.
What dividend did HDFC Bank declare for FY2026?
The board recommended a final dividend of INR 13 per share for FY2025-26 alongside the April 18, 2026 results.
Did HDFC Bank merge with HDFC?
Yes. In 2023, the Indian financial sector was permanently altered by a historic $40 billion "reverse merger." HDFC Bank completely absorbed its own parent company, the housing finance giant HDFC Ltd. This created an absolute banking leviathan, instantly making it the fourth largest bank in the entire world by market capitalization.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "HDFC Bank Revenue & Financials." CorpDigest, https://corpdigest.com/company/hdfc-bank/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>HDFC Bank reported ~$32.9B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/hdfc-bank/financials" target="_blank" rel="noopener">CorpDigest — HDFC Bank financials</a></div>Related Financial Audits
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