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Investlytic score: 3/5 criteria met. Data as of 28/10/2026.
- ✅ Price trend passed
- ✅ Growth passed
- ❌ Debt failed
- ✅ P/E passed
- ❌ Correction failed
Price trend
Overall trend (8 years): the price has been multiplied by at least 1.5.
Price change 2018 → 2019: -4.91%
Price change 2019 → 2020: -33.72%
Price change 2020 → 2021: 16.36%
Price change 2021 → 2022: 3.35%
Price change 2022 → 2023: 30.10%
Price change 2023 → 2024: 22.00%
Price change 2024 → 2025: 59.06%
Price change 2025 → 2026: 9.33%
Price change 2026 (year to date): 6.91%
Financial growth
Revenue CAGR (8 years): 7.14%
Earnings CAGR (8 years): 7.17%
Growth status: positive trend (>1%/yr) in revenue and earnings.
Debt
Debt-to-equity ratio: 1.29
Debt/equity > 0.5 (maximum threshold).
P/E (Price/Earnings)
P/E ratio: 10.89
P/E < 25.0 (maximum threshold).
Correction (6 months)
Current correction: 20.26% from the high over 6 months.
Excessive correction (> 20.0%).
Criteria of the Investlytic model
- / 5Free with the Investlytic logo. Paste this line into your page: options.
<script src="https://investlytic.co/encart.js" data-symbole="HSBC" data-lang="en"></script>Price trend
Price & trend
Interactive chart →💰 Dividend
Dividend ranking →⚖️ Comparison with the market
All stocks →| Stock | P/E | Dette/FP | Revenue growth | Rating |
|---|---|---|---|---|
| HSBC Holdings plc | 10.8 | 2.81 | +3.6 % | 🔒 |
| Morgan Stanley | 14.9 | 4.26 | +8.1 % | ★ 4/5 |
| Bank of America Corporation | 11.5 | 1.21 | +2.7 % | – |
| Citigroup Inc. | 12.0 | 3.37 | +2.8 % | – |
| Allianz SE | 14.3 | 0.46 | +2.6 % | ★ 4/5 |
Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.
Detailed analysis · Price trend
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Revenues & profits
Revenue and net income
Financial indicators
Annual financial statements
| Fiscal year | Revenue | Net income | Net margin | EPS | Revenue growth |
|---|
Key reported figures
Revenue, net income and net margin reported by HSBC Holdings plc over the latest fiscal years.
| Fiscal year | Revenue | Net income | Net margin | Revenue growth |
|---|---|---|---|---|
| 2020 | 63.3 bn | 5.2 bn | 8.3 % | n/a |
| 2021 | 73.9 bn | 13.9 bn | 18.8 % | +16.9 % |
| 2022 | 76.2 bn | 15.6 bn | 20.4 % | +3.0 % |
| 2023 | 130 bn | 23.5 bn | 18.2 % | +70.0 % |
| 2024 | 143 bn | 24.0 bn | 16.7 % | +10.6 % |
| 2025 | 134 bn | 22.3 bn | 16.6 % | -6.4 % |
Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.
Accounts and financial health
Balance sheet and cash flow published by HSBC Holdings plc over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and investments | 422 bn | 350 bn | 300 bn | 285 bn | 635 bn |
| Total Debt | 395 bn | 204 bn | 427 bn | 242 bn | 256 bn |
| Net Debt | -199 bn | -146 bn | -64.4 bn | -42.2 bn | -51.6 bn |
| Equity | 198 bn | 178 bn | 185 bn | 185 bn | 198 bn |
| Total assets | 2,958 bn | 2,967 bn | 3,039 bn | 3,017 bn | 3,233 bn |
| Operating cash flow | 104 bn | 26.4 bn | 39.1 bn | 65.3 bn | 29.8 bn |
| Investments (capex) | 3.6 bn | 4.4 bn | 3.7 bn | 3.9 bn | 4.7 bn |
| Free cash-flow | 101 bn | 22.0 bn | 35.4 bn | 61.4 bn | 25.1 bn |
| Share buybacks | 2.1 bn | 2.4 bn | 6.4 bn | 11.9 bn | 12.7 bn |
| Dividends paid | 6.4 bn | 7.0 bn | 12.2 bn | 17.1 bn | 11.6 bn |
Amounts in USD, currency of the published accounts.
Trailing 12-month ratios
Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.
Valuation and competitors
HSBC Holdings plc compared with its sector on the same exchange and with its main competitors.
Direct competitors
| Company | Market cap (USD) | P/E | Net margin |
|---|---|---|---|
| HSBC Holdings plc | 293 bn | 10.8 | 16.6 % |
| JPMorgan Chase & Co. JPM | 896 bn | 14.5 | 20.4 % |
| Bank of America Corporation BAC | 346 bn | 11.5 | 15.9 % |
| Citigroup Inc. C | 206 bn | 12.0 | 8.5 % |
| Barclays PLC BCS | 76.9 bn | 8.3 | 14.1 % |
| Wells Fargo & Company WFC | 250 bn | 12.1 | 17.3 % |
| The Toronto-Dominion Bank TD | 210 bn | 17.8 | 17.7 % |
| Royal Bank of Canada RY | 281 bn | 17.9 | 14.8 % |
| Sector median (NYSE) | 18.3 |
Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on . Competitors: comparable companies named by the data provider.
Analyst consensus and forecasts
What the financial analysts covering HSBC Holdings plc publish: ratings, price targets and earnings forecasts.
Breakdown of ratings
Analyst forecasts
| Fiscal year | Revenue | Net income | Expected EPS (range) | P/E on this EPS | Analysts |
|---|---|---|---|---|---|
| 2026 | 74.6 bn | 29.9 bn | 8.51 (8.47 / 8.53) | 10.0 | 2 |
| 2027 | 78.5 bn | 32.8 bn | 9.34 (9.05 / 9.74) | 9.1 | 2 |
| 2028 | 82.6 bn | 35.9 bn | 10.24 (10.06 / 10.45) | 8.3 | 1 |
Amounts in USD, the reporting currency.
Track record against expectations: reported EPS above consensus 9 times over the last 12 releases.
Rating changes (12 months)
| Date | Firm | Before | After |
|---|---|---|---|
| 14/04/2026 | Exane BNP Paribas | Outperform | Neutral |
| 17/12/2025 | Keefe, Bruyette & Woods | Market Perform | Outperform |
| 10/12/2025 | B of A Securities | Neutral | Buy |
| 20/11/2025 | Erste Group | Hold | Buy |
Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.
Dividends and earnings
HSBC Holdings plc: dividend history, last distributions, stock splits and earnings releases.
Annual dividend per share (USD), adjusted for splits. Light bar: current year, incomplete. Red bar: lower than the previous year.
Latest ex-dividend dates
| Ex-dividend | Amount | Payment |
|---|---|---|
| 06/11/2026 | 0.500 USD | 17/12/2026 |
| 14/08/2026 | 0.500 USD | 25/09/2026 |
| 15/05/2026 | 0.500 USD | 26/06/2026 |
| 13/03/2026 | 2.25 USD | 30/04/2026 |
| 07/11/2025 | 0.495 USD | 18/12/2025 |
| 15/08/2025 | 0.500 USD | 26/09/2025 |
| 09/05/2025 | 0.500 USD | 20/06/2025 |
| 07/03/2025 | 1.80 USD | 25/04/2025 |
Earnings releases
| Date | Published EPS | Expected EPS | Surprise |
|---|---|---|---|
| 27/10/2026 | 2.10 | 2.20 | -4.5 % |
| 04/08/2026 | 2.25 | 2.24 | +0.4 % |
| 05/05/2026 | 2.00 | 2.18 | -8.3 % |
| 25/02/2026 | 1.85 | 1.80 | +2.8 % |
| 28/10/2025 | 1.80 | 1.65 | +9.1 % |
| 30/07/2025 | 1.95 | 1.62 | +20.4 % |
Stock splits
| Date | Operation |
|---|---|
| 16/07/1999 | split: 6 shares for 1 |
Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.
Who owns the stock
Free float, institutional investors, large funds, executives and elected officials: declared positions in HSBC Holdings plc.
Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 01/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.
PEA and practical information
Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.
Frequently asked questions about HSBC Holdings plc
What is the HSBC Holdings plc share price?
Latest recorded price: 87.06 USD on 06/11/2026, for a market cap of 303 bn USD.
What is the revenue of HSBC Holdings plc?
134 bn USD for fiscal year 2025, with net income of 22.3 bn USD (net margin 16.6 %).
Does HSBC Holdings plc pay a dividend?
Yes. Latest dividend: 0.500 USD per share, ex-dividend on 06/11/2026. Over 12 months: 3.75 USD.
When does HSBC Holdings plc report its next earnings?
The next release is expected on 24/02/2027. EPS expected by analysts: 1.62.
What do analysts say about HSBC Holdings plc?
Out of 21 analysts: 8 buy or strong buy, 11 hold, 2 sell or strong sell. Average price target: 52.00 USD, i.e. -39.1 % from the share price.
What is the P/E ratio of HSBC Holdings plc?
Trailing 12-month P/E of 11.0, against 18.3 for the sector median on the same exchange (10-year median: 18.3).
Is HSBC Holdings plc stock eligible for the French PEA?
No: this listing is a depositary receipt (ADR), excluded from the PEA.
How many employees does HSBC Holdings plc have?
211,940 full-time employees according to the latest published profile.
Who runs HSBC Holdings plc?
Georges Bahjat Elhedery is the company's chief executive.