Hsbc Holdings plc (HSBC) Financial Statements

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Hsbc Holdings financial statements at a glance

Hsbc Holdings reported revenue of $66.22 billion for fiscal year 2025 (ended December 31, 2025), down 1.7% from fiscal year 2024. Net income was $21.10 billion, a net margin of 31.9%, and diluted earnings per share were $6.00.

At the end of fiscal year 2025 it had total assets of $3.23 trillion, total liabilities of $3.03 trillion and shareholders' equity of $198.23 billion, with cash of $307.74 billion and total debt of $256.14 billion.

Its operations brought in $29.77 billion of cash; capital spending was $4.66 billion, leaving free cash flow of $25.11 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

HSBC logo

Hsbc Holdings plc

HSBCUnited Kingdom
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
66.22B
Prev Year: 67.40B
YoY: -1.7%
Net Interest Income
34.79B
Prev Year: 32.73B
YoY: +6.3%
Interest Income
97.87B
Prev Year: 108.63B
YoY: -9.9%
Interest Expense
63.08B
Prev Year: 75.90B
YoY: -16.9%
Non Interest Income
-
Prev Year: 34.66B
Total Premiums Earned
-
Prev Year: 1.23B
Gain on Sale of Securities
-4.66B
Depreciation
1.97B
Operating Revenue
66.22B
Income from Associates and Other Participating Interests
-
Prev Year: 2.91B
Selling General and Administrative
11.96B
General and Administrative Expense
11.96B
Special Income Charges
-1.82B
Prev Year: -1.65B
YoY: -9.9%
Restructuring and Mergers Acquisition
1.03B
Prev Year: 34.00M
YoY: +2929.4%
Other Special Charges
-618.00M
Prev Year: 1.54B
YoY: -140.1%
Impairment of Capital Assets
-
Pre-tax Income
29.91B
Prev Year: 32.31B
YoY: -7.4%
Other Non-operating Income (expense)
-
Provision for Income Taxes
6.78B
Prev Year: 7.31B
YoY: -7.3%
Net Income Common Stockholders
21.10B
Prev Year: 22.92B
YoY: -7.9%
Net Income
22.29B
Prev Year: 23.98B
YoY: -7.1%
Net Income Including Non-Controlling Interests
23.13B
Prev Year: 25.00B
YoY: -7.5%
Net Income from Continuing Operations
23.13B
Prev Year: 25.00B
YoY: -7.5%
Diluted NI Available to Com Stockholders
21.10B
Prev Year: 22.92B
YoY: -7.9%
Basic EPS
6.05
Prev Year: 6.25
YoY: -3.2%
Diluted EPS
6
Prev Year: 6.2
YoY: -3.2%
Weighted Average Shares (basic)
3.49B
Prev Year: 3.67B
YoY: -5.1%
Weighted Average Shares (diluted)
3.51B
Prev Year: 3.70B
YoY: -5.1%
Net Income from Continuing and Discontinued Operation
22.29B
Prev Year: 23.98B
YoY: -7.1%
Normalized Income
24.09B
Prev Year: 25.34B
YoY: -4.9%
Reconciled Depreciation
4.92B
Prev Year: 4.08B
YoY: +20.5%
Net Income from Continuing Operation Net Minority Interest
22.29B
Prev Year: 23.98B
YoY: -7.1%
Total Unusual Items Excluding Goodwill
-1.82B
Prev Year: -1.65B
YoY: -9.9%
Total Unusual Items
-1.82B
Prev Year: -1.65B
YoY: -9.9%
Tax Rate for Calcs
0.227
Prev Year: 0
Tax Effect of Unusual Items
-412.46M
Prev Year: -373.58M
YoY: -10.4%
Otherunder Preferred Stock Dividend
1.18B
Noncontrolling Interests
-846.00M
Prev Year: -1.02B
YoY: +17.1%
Write-offs
1.00B
Operating Expense
33.56B
Other Operating Expenses
-2.87B
Depreciation and amortization
4.92B
Amortization
2.94B
Values in USD

Hsbc Holdings key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$66.2B$67.4B$64.4B$53.7B$64.2B
Net income$21.1B$22.9B$22.4B$14.3B$12.6B
Diluted EPS$6.00$6.20$5.70$3.70$3.10
Total assets$3.2T$3.0T$3.0T$2.9T$3.0T
Total liabilities$3.0T$2.8T$2.8T$2.8T$2.8T
Shareholders' equity$198.2B$185.0B$185.3B$177.8B$198.3B
Cash$307.7B$284.5B$299.6B$350.1B$422.4B
Total debt$256.1B$242.3B$235.2B$204.2B$223.6B
Operating cash flow$29.8B$65.3B$39.1B$19.4B$104.3B
Capital spending$4.7B$3.9B$3.7B$4.4B$3.6B
Free cash flow$25.1B$61.4B$35.4B$14.9B$100.7B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Hsbc Holdings's revenue in fiscal year 2025?

$66.22 billion, down 1.7% from $67.40 billion in fiscal year 2024.

How much profit does Hsbc Holdings make?

Hsbc Holdings reported net income of $21.10 billion for fiscal year 2025 (31.9% of revenue).

How much cash and debt does Hsbc Holdings have?

At the end of fiscal year 2025: cash of $307.74 billion and total debt of $256.14 billion.

What is Hsbc Holdings's free cash flow?

$25.11 billion in fiscal year 2025 (operating cash flow of $29.77 billion minus capital spending of $4.66 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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