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HSBCHSBC Holdings plc
$97.40$334.7B
Overview & Verdict
OverviewShould I Buy?
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HSBC logoHSBC Holdings plc(HSBC)Earnings, Financials & Key Ratios

HSBC•NYSE•Banking & Credit
$97.40
16.1× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryDiversified BanksSub-IndustryEuropean universal banks
AboutHSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions. This segment serves personal banking and high net worth individuals. The Commercial Banking segment provides credit and lending, treasury management, payment, cash management, commercial insurance, and investment services; commercial cards; international trade and receivables finance services; foreign exchange products; capital raising services on debt and equity markets; and advisory services. It serves small and medium sized enterprises, mid-market enterprises, and corporates. The Global Banking and Markets segment offers financing, advisory, and transaction services; and credit, rates, foreign exchange, equities, money markets, and securities services; and engages in principal investment activities. It serves government, corporate and institutional clients, and private investors. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom.Show more
  • Net Interest Income$34.88B+6.5%
  • Total Revenue$147.86B+3.2%
  • Net Income$22.34B-6.8%
  • Return on Equity11.84%-5.0%
  • Net Interest Margin1.08%-0.6%
  • Efficiency Ratio34.36%+40.3%
  • ROA0.71%-9.7%
  • Equity / Assets5.72%-10.2%
  • Book Value per Share52.70+1.3%

HSBC Price & Volume

HSBC Holdings plc (HSBC) stock price & volume — 10-year historical chart

Loading chart...

Global Asset Expansion Masks Persistent Earnings Volatility

Investment Thesis • Updated 2025Q4

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:Geopolitical and credit exposure

Key Thesis Takeaways

  • HSBC's strategic pivot toward high-growth Asian markets and capital-light wealth management services appears to be driving a complex transition, as evidenced by the 12.4% NII growth in 2025Q4.
  • However, investors should monitor the significant earnings volatility, which saw net income swing from a $28 million loss in 2023Q4 to a $10.6 billion peak in 2024Q1, complicating the predictability of shareholder returns.
  • While the $286.9 billion cash position provides a robust liquidity buffer, the massive $2.4 trillion investment securities portfolio warrants caution due to potential sensitivity to global interest rate fluctuations.

Verdict Logic

while the 3.5% dividend yield is attractive, the extreme historical earnings volatility and the 15.50 P/E ratio suggest that the market may be overvaluing the bank's ability to maintain consistent profitability amidst geopolitical and credit risks.

HSBC Growth Metrics

HSBC Holdings plc (HSBC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.43%
5 Years13.8%
3 Years24.75%
TTM-

Profit CAGR

10 Years5.15%
5 Years33.7%
3 Years12.81%
TTM-7.06%

EPS CAGR

10 Years6.58%
5 Years44.81%
3 Years18.89%
TTM-2.52%

Return on Capital

10 Years0.94%
5 Years1.34%
3 Years1.83%
Last Year1.43%

HSBC Recent Earnings

HSBC Holdings plc (HSBC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$2.20+0.9%
$2.18
Rev
$19.1B+2.8%
$18.6B
Q1 2026
Feb 25, 2026
Metric
Actual
Est
EPS
$1.85+2.8%
$1.80
Rev
$17.7B+4.0%
$17.0B
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$1.80+9.1%
$1.65
Rev
$33.5B+108.8%
$16.0B
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$1.95+20.4%
$1.62
Rev
$14.4B-12.4%
$16.4B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$2.20vs $2.18+0.9%
$19.1Bvs $18.6B+2.8%
Q1 2026Feb 25, 2026
$1.85vs $1.80+2.8%
$17.7Bvs $17.0B+4.0%
Q4 2025Oct 28, 2025
$1.80vs $1.65+9.1%
$33.5Bvs $16.0B+108.8%
Q3 2025Jul 30, 2025
$1.95vs $1.62+20.4%
$14.4Bvs $16.4B-12.4%
Based on last 12 quarters of dataView full earnings history →

Latest HSBC News

Recent stock market news and headlines for HSBC Holdings plc (HSBC)

Reuters·22h ago
HSBC reviews Turkish banking business for possible sale

HSBC said on Tuesday it had launched a review of its Turkish retail and corporate banking business ​and was considering all options, as part of ​its global drive to simplify its business and ⁠exit markets where it considers itself too small.

Reuters·1 day ago
HSBC halts some private credit lending, FT reports

HSBC is halting lending to riskier ​private credit clients after high-profile bankruptcies ‌cast doubt on underwriting standards in the sector and pushed banks to cut ​their exposure, the Financial Times ​reported on Tuesday, citing three people ⁠familiar with the matter.

247 Wallst·1 day ago
The Anti-Magnificent Seven Trade? VGK Is Quietly Creeping Toward Record Highs

European stocks are having their loudest year in a decade, and the Vanguard FTSE Europe ETF (NYSEARCA:VGK) is the vehicle most retail investors will consider. VGK trades around $90, up 18% over the past year, while every US finance headline focuses on hyperscaler capex and AI compute. If you want to bet that the next... The Anti-Magnificent Seven Trade? VGK Is Quietly Creeping Toward Record Highs

Reuters·1 day ago
HSBC bolsters Middle East investment banking team with senior hires, memo shows

HSBC has appointed three senior bankers to its Capital Markets and Advisory team in ​Saudi Arabia, as the lender continues to strengthen its ‌franchise in the Gulf and wider Middle East and Turkey region, according to an internal memo seen by Reuters on Monday.

Kitco·4 days ago
‘We anticipate further upside for gold by year-end' – HSBC's Sels and Ku

Even as U.S. Treasury yields and a stronger dollar continue to limit gold's upside, growing diversification demand, central bank buying and ETF inflows should support further price gains for the yellow metal by the end of 2026, according to HSBC.

Peers Comparison

Key metrics vs top competitors for HSBC Holdings plc (HSBC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HSBC logoHSBCHSBC Holdings plcCurrent
$97.40$334.74B16.103.19%15.11%11.84%3.39%
C logoCCitigroup Inc.
$140.75$241.37B20.14-1.41%9.34%7.49%—
JPM logoJPMJPMorgan Chase & Co.
$339.22$908.94B16.923.31%20.66%16.32%—
BAC logoBACBank of America Corporation
$59.86$424.8B15.67-0.45%18.13%10.5%—
BCS logoBCSBarclays PLC
$27.41$92.56B11.37-10.85%25.26%9.19%—
DB logoDBDeutsche Bank AG
$36.64$70.1B10.38-8.25%12.79%8.7%—

Compare HSBC vs Peers

HSBC Holdings plc (HSBC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs C

Most directly comparable listed peer for HSBC.

Scale Benchmark

vs JPM

Larger-name benchmark to compare HSBC against a more recognizable public peer.

Peer Set

Compare Top 5

vs C, JPM, BAC, BCS

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HSBC Frequently Asked Questions

HSBC Holdings plc (HSBC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is HSBC Holdings plc growing?

HSBC Holdings plc (HSBC) grew revenue by 3.2% over the past year. Growth has been modest.

Is HSBC profitable?

Yes, HSBC Holdings plc (HSBC) is profitable, generating $22.29B in net income for fiscal year 2025 (15.1% net margin).

Dividend & Returns
Does HSBC pay dividends?

Yes, HSBC Holdings plc (HSBC) pays a dividend with a yield of 3.39%. This makes it attractive for income-focused investors.

What is HSBC's return on equity?

HSBC Holdings plc (HSBC) has a return on equity (ROE) of 11.8%. This is reasonable for most industries.

Industry Metrics
What is HSBC Holdings plc's net interest margin?

HSBC Holdings plc (HSBC) has a net interest margin (NIM) of 1.1%. NIM has been under pressure due to interest rate environment.

What is HSBC Holdings plc's efficiency ratio?

HSBC Holdings plc (HSBC) has an efficiency ratio of 34.4%. This is excellent, indicating strong cost control.

What if you invested $1,000 in HSBC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →