HSBC Holdings plc
Financial Performance
HSBC Revenue & Financials
Revenue
$68.3B (FY2025)
Market Cap
$343B
Net Income
$21.1B
Employees
209,000
What is HSBC's revenue?
HSBC had $68.3B in revenue for fiscal year 2025, up 3.7% from 2024. Net income was $21.1B.
- Latest revenue
- $68.3B (FY2025)
- Year-over-year
- +3.7%
- Growth rate (CAGR)
- 3.6% over 8 years
- Peak revenue
- $68.3B (FY2025)
- Years of data
- 9
- Employees
- 209,000
- How much profit does HSBC make?
- HSBC reported net income of $21.1B for fiscal year 2025. stockanalysis.com
- How many employees does HSBC have?
- HSBC has about 209,000 employees.
Financial Analysis
HSBC reported FY2025 revenue of $68.3 billion, up 4%, with net interest income of $34.8 billion and a net interest margin of 1.59%. Reported profit before tax fell to $29.9 billion from $32.3 billion because of $4.9 billion of net adverse notable items, but profit before tax excluding notable items rose to a record $36.6 billion and return on tangible equity on that basis was 17.2%. The ordinary dividend rose 14% to $0.75 per share. In the first half of 2026, revenue rose 11% to $37.7 billion and reported pre-tax profit rose 23% to $19.5 billion, with an annualised RoTE excluding notable items of 19.1%; the bank also restarted share buybacks in August 2026. HSBC Holdings plc is one of the largest banking and financial services organizations in the world, commanding a market valuation typically over $150 billion.
Revenue Trend Analysis
YoY Change
+3.7%
8-Year CAGR
+3.6%
Peak Year
2025
Trend
Mostly Growing
HSBC Holdings plc has 9 full fiscal year figures on this page, compounding at +3.6% annually over 8 years. The most recent year saw a 3.7% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $68.3B. Of 8 comparable year-over-year steps, 5 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | $68.3B | $21.1B | +3.7% | HSBC Holdings (LON:HSBA) annual reports, as compiled by S&P Global (via StockAnalysis) HSBC-reported revenue (net operating income before credit losses) for FY2025. Up 4% from $65.9 billion in 2024; profit before tax $29.9 billion. |
| FY2024 | $65.9B | $22.9B | -0.3% | HSBC Holdings (LON:HSBA) annual reports, as compiled by S&P Global (via StockAnalysis) HSBC-reported revenue (net operating income before credit losses) for FY2024. |
| FY2023 | $66.1B | $22.4B | +27.7% | HSBC Holdings (LON:HSBA) annual reports, as compiled by S&P Global (via StockAnalysis) HSBC-reported revenue (net operating income before credit losses) for FY2023. |
| FY2022 | $51.7B | $14.3B | +4.4% | HSBC Holdings (LON:HSBA) annual reports, as compiled by S&P Global (via StockAnalysis) HSBC-reported revenue (net operating income before credit losses) for FY2022. |
| FY2021 | $49.6B | $12.6B | -1.7% | HSBC Holdings (LON:HSBA) annual reports, as compiled by S&P Global (via StockAnalysis) HSBC-reported revenue (net operating income before credit losses) for FY2021. |
| FY2020 | $50.4B | — | -10.1% | HSBC Holdings plc 2025 Form 20-F Revenue fell 10.1% to $50.4 billion in 2020 as near-zero interest rates compressed net interest income during the pandemic shock. |
| FY2019 | $56.1B | — | +4.3% | HSBC Holdings plc 2025 Form 20-F The 2019 figure of $56.1 billion marked a 4.3% increase, extending HSBC's pre-pandemic expansion built on wealth, transaction banking, and Asia-linked commerce. |
| FY2018 | $53.8B | — | +4.5% | Wikidata total revenue statement, citing the linked document |
| FY2017 | $51.4B | — | — | Wikidata total revenue statement, citing the linked document |
Click any row to see year details.
Keep researching HSBC
HSBC Revenue and Financial FAQ
What is HSBC's typical annual revenue and net interest income baseline?
HSBC Holdings plc reported revenue of $68.3 billion for fiscal year 2025, up 4% from $65.9 billion in fiscal 2024.
What are HSBC's profit before tax and return on tangible equity (RoTE) metrics?
HSBC consistently delivers annual reported profit before tax between $30 billion and $33 billion, targeting a Return on Tangible Equity (RoTE) in the mid-teens (14% to 16%) supported by strong net interest margins and wealth management growth.
What is HSBC's Common Equity Tier 1 (CET1) capital ratio?
HSBC maintains an exceptionally strong capital position, targeting a Common Equity Tier 1 (CET1) ratio of 14.0% to 15.0%, comfortably exceeding international Basel III regulatory requirements and ensuring severe stress-test resilience.
What is HSBC's dividend payout policy and share buyback track record?
HSBC operates a shareholder-friendly capital distribution policy targeting a 50% dividend payout ratio on earnings, complemented by multi-billion dollar special dividends (such as from the sale of its Canadian banking unit) and regular multi-billion dollar share buyback programs.
How much does the Asia geographic region contribute to HSBC's total profitability?
Asia is the financial leader of HSBC, generating between 65% and 80% of the group's total adjusted pre-tax profit, with Hong Kong and mainland China delivering the highest return on risk-weighted assets across the franchise.
What is the size of HSBC's total global deposit base and loan book?
HSBC holds one of the largest and most stable deposit franchises in global banking, with total customer deposits exceeding $1.6 trillion and total customer loans and advances exceeding $950 billion, maintaining a conservative loan-to-deposit ratio below 60%.
What is HSBC's targeted cost-to-income ratio (CIR)?
HSBC manages toward a cost-to-income ratio of approximately 48% to 52%, aggressively reducing structural operational expenditures through real estate rationalization, corporate layer simplification, and digital automation.
What financial proceeds did HSBC realize from recent major country divestments?
HSBC generated over $10 billion in cash proceeds from the completed sales of its Canadian retail banking operations to RBC and its French retail banking network to CCF, redistributing billions in surplus capital back to shareholders.
Was HSBC fined for money laundering?
Yes, massively. In 2012, HSBC paid a historic, staggering $1.9 billion fine to US authorities. A massive Senate investigation revealed that HSBC's internal controls were so incredibly weak that the Sinaloa cartel was literally depositing hundreds of millions of dollars in physical cash into HSBC branches in Mexico using specially designed deposit boxes.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "HSBC Revenue & Financials." CorpDigest, https://corpdigest.com/company/hsbc/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>HSBC reported $68.3B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/hsbc/financials" target="_blank" rel="noopener">CorpDigest — HSBC financials</a></div>Related Financial Audits
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