HSBC Holdings PLC ADR (HSBC) financial statements
HSBC Holdings PLC ADR reported revenue of $68.3B in fiscal 2025, up 4.0% a year over 9 years.
Net income was $23.1B and the operating margin 41.0%, against 9.9% in 2016.
Free cash flow was $25.1B, and the company returned $13.5B in dividends and $9.1B in net buybacks.
The diluted share count fell 12% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from HSBC Holdings PLC ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.0B | $51.4B | $53.8B | $56.1B | $50.4B | $49.6B | $50.6B | $66.1B | $65.9B | $68.3B |
| Selling, general and admin | $16.5B | $15.7B | $15.4B | $13.8B | $11.1B | $11.6B | $10.8B | $10.4B | $10.5B | $12.0B |
| Operating income | $4.8B | $14.8B | $17.4B | $11.0B | $7.2B | $15.9B | $14.3B | $30.5B | $29.4B | $28.0B |
| Interest expense | $12.6B | $12.8B | $19.1B | $24.2B | $14.2B | $9.7B | $22.4B | $65.1B | $75.9B | $63.1B |
| Pre-tax income | $7.1B | $17.2B | $19.9B | $13.3B | $8.8B | $18.9B | $17.1B | $30.3B | $32.3B | $29.9B |
| Income tax | $3.7B | $5.3B | $4.9B | $4.6B | $2.7B | $4.2B | $809M | $5.8B | $7.3B | $6.8B |
| Net income | $2.5B | $10.8B | $13.7B | $7.4B | $5.2B | $13.9B | $16.0B | $24.6B | $25.0B | $23.1B |
| EPS (diluted) | $0.07 | $0.48 | $0.63 | $0.30 | $0.19 | $0.62 | $0.72 | $1.14 | $1.24 | $1.20 |
| Diluted shares | 19.84B | 20.07B | 19.98B | 20.23B | 20.24B | 20.30B | 19.99B | 19.60B | 18.48B | 17.55B |
| Operating margin | 9.9% | 28.8% | 32.3% | 19.6% | 14.2% | 32.0% | 28.3% | 46.2% | 44.6% | 41.0% |
| Net margin | 5.2% | 21.0% | 25.5% | 13.2% | 10.4% | 28.1% | 31.7% | 37.2% | 38.0% | 33.9% |
Balance sheet
Fiscal years, from HSBC Holdings PLC ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $263.3B | $323.7B | $312.9B | $293.7B | $468.3B | $574.0B | $521.7B | $490.9B | $434.9B | $432.9B |
| Property, plant and equipment | $9.4B | $10.0B | $10.1B | $10.5B | $10.4B | $10.3B | $10.4B | $10.5B | $9.4B | $9.6B |
| Total assets | $2.37T | $2.52T | $2.56T | $2.72T | $2.98T | $2.95T | $2.95T | $3.04T | $3.02T | $3.23T |
| Total liabilities | $2.19T | $2.32T | $2.36T | $2.52T | $2.78T | $2.76T | $2.76T | $2.85T | $2.82T | $3.03T |
| Shareholders' equity | $175.4B | $190.2B | $186.3B | $184.0B | $196.4B | $189.0B | $177.8B | $185.3B | $185.0B | $198.2B |
| Net debt | -$263.3B | -$323.7B | -$312.9B | -$293.7B | -$468.3B | -$574.0B | -$521.7B | -$490.9B | -$434.9B | -$432.9B |
Cash flow
Fiscal years, from HSBC Holdings PLC ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $69.0B | -$12.4B | $32.5B | $29.7B | $182.2B | $104.3B | $19.4B | $39.1B | $65.3B | $29.8B |
| Capital spending | $2.1B | $2.5B | $3.0B | $3.6B | $3.5B | $3.6B | $4.4B | $3.7B | $3.9B | $4.7B |
| Free cash flow | $66.9B | -$14.9B | $29.5B | $26.1B | $178.7B | $100.7B | $14.9B | $35.4B | $61.4B | $25.1B |
| Stock-based compensation | $534M | $500M | $450M | $478M | $433M | $467M | $400M | $482M | $529M | $621M |
| Dividends paid | $9.2B | $9.0B | $10.8B | $9.8B | $2.0B | $6.4B | $7.0B | $12.2B | $17.1B | $13.5B |
| Share buybacks (net) | $0 | -$3.0B | -$2.0B | -$1.0B | $0 | — | -$2.3B | -$5.8B | -$11.3B | -$9.1B |
| Free cash flow margin | 139.5% | -28.9% | 54.8% | 46.5% | 354.4% | 203.3% | 29.5% | 53.6% | 93.3% | 36.8% |
| Dividends per share | $0.46 | $0.45 | $0.54 | $0.48 | $0.10 | $0.31 | $0.35 | $0.62 | $0.93 | $0.77 |
Questions
What was HSBC Holdings PLC ADR's revenue in 2025?
$68.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does HSBC Holdings PLC ADR generate?
$25.1B in fiscal 2025 (operating cash flow minus capital spending).
From HSBC Holdings PLC ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.