HSBC HOLDINGS PLC financials
Also U.S.-listed. HSBC HOLDINGS PLC is also a foreign private issuer filing with the U.S. SEC. View its EDGAR financials: HSBC — HSBC HOLDINGS PLC
HSBC HOLDINGS PLC
Country: GB Reporting currency: USD Latest annual report: 2025-12-31
LEI:
MLU0ZO3ML4LN2LL2TL39 Financial statements
(USD, as reported — unscaled; 157 line items across 3 annual periods)
| Line item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Income statement | |||
| Operating expenses | $36.43B | $33.04B | $32.07B |
| Employee benefits expense | $19.55B | $18.46B | $18.22B |
| Operating profit (EBIT) | $28.00B | $29.40B | $30.54B |
| Profit before tax | $29.91B | $32.31B | $30.35B |
| Income tax expense | $6.78B | $7.31B | $5.79B |
| Profit for the year | $23.13B | $25.00B | $24.56B |
| — attributable to NCI | $846.0M | $1.02B | $1.03B |
| Total comprehensive income | $33.67B | $26.94B | $29.54B |
| Per share | |||
| Basic EPS | $1.21 | $1.25 | $1.15 |
| Diluted EPS | $1.20 | $1.24 | $1.14 |
| Free cash flow / share | $1.47 | $3.17 | $1.76 |
| Cash flow statement | |||
| Net cash from operating activities | $29.77B | $65.31B | $39.11B |
| Net cash from investing activities | -$37.07B | -$76.56B | -$62.91B |
| Purchase of PP&E (capex) | $1.45B | $1.34B | $1.15B |
| Purchase of intangibles | $3.21B | $2.54B | $2.55B |
| Net cash from financing activities | -$21.96B | -$26.46B | -$17.56B |
| Dividends paid | $13.48B | $17.10B | $12.20B |
| Net change in cash | -$29.26B | -$37.72B | -$41.36B |
| Balance sheet | |||
| Total assets | $3.23T | $3.02T | — |
| Intangible assets & goodwill | $13.11B | $12.38B | — |
| Cash & equivalents | $432.89B | $434.94B | $490.93B |
| Total equity | $205.67B | $192.27B | $192.61B |
| — attributable to owners | $198.22B | $184.97B | — |
| Non-controlling interests | $7.44B | $7.30B | — |
| Deferred tax liabilities | $2.10B | $1.32B | — |
| Derived metrics | |||
| Free cash flow | $28.32B | $63.96B | $37.97B |
| Return on equity | 11.2% | 13.0% | 12.8% |
| Cash conversion ratio | 1.29× | 2.61× | 1.59× |
| Capex coverage | 20.57× | 48.59× | 34.16× |
| Other reported items | |||
| Adjustments For Decrease Increase In Financial Assets At Fair Value Through Profit Or Loss Designated Upon Initial Recognition Or Subsequently | -$23.39B | -$20.66B | -$9.99B |
| Adjustments For Decrease Increase In Loans and Advances | -$74.07B | $7.28B | -$14.14B |
| Adjustments For Decrease Increase In Other Assets | -$38.39B | $7.68B | -$10.25B |
| Adjustments For Decrease Increase In Reverse Repurchase Agreements and Cash Collateral On Securities Borrowed | -$32.34B | -$4.23B | -$2.10B |
| Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | $4.92B | $4.08B | $3.47B |
| Adjustments For Fair Value Gains Losses | -$700.0M | -$1.00B | $800.0M |
| Adjustments For Gain Loss On Disposal of Investments In Subsidiaries Joint Ventures and Associates | -$93.0M | -$1.70B | $1.77B |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss Loans and Advances | $4.17B | $3.67B | $3.72B |
| Adjustments For Increase Decrease In Debt Instruments Issued | -$5.61B | $11.94B | $11.95B |
| Adjustments For Increase Decrease In Deposits | $168.91B | $44.24B | $45.02B |
| Adjustments For Increase Decrease In Financial Liabilities At Fair Value Through Profit Or Loss Designated Upon Initial Recognition Or Subsequently | $46.13B | -$2.25B | $10.10B |
| Adjustments For Increase Decrease In Other Liabilities | $4.10B | -$1.60B | $8.74B |
| Adjustments For Increase Decrease In Repurchase Agreements and Cash Collateral On Securities Lent | $24.09B | $8.70B | $43.37B |
| Adjustments For Provisions | $2.10B | $299.0M | $266.0M |
| Adjustments For Sharebased Payments | $621.0M | $529.0M | $482.0M |
| Adjustments For Unrealised Foreign Exchange Losses Gains | -$34.68B | $26.73B | -$10.68B |
| Amounts Removed From Equity and Adjusted Against Fair Value of Financial Assets On Reclassification Out of Fair Value Through Other Comprehensive Income Measurement Category Before Tax | $19.0M | $6.0M | -$59.0M |
| Banking Arrangements Classified As Cash Equivalents | $71.79B | $58.29B | $64.34B |
| Cancellation of Treasury Shares | $0 | $0 | $0 |
| Cash and Bank Balances At Central Banks | $242.86B | $267.67B | $285.87B |
| Cash and Cash Equivalents Classified As Part of Disposal Group Held For Sale | $387.0M | $2.04B | $15.94B |
| Comprehensive Income Attributable To Noncontrolling Interests | $1.01B | $1.04B | $1.04B |
| Current Liabilities Other Than Liabilities Included In Disposal Groups Classified As Held For Sale | $23.38B | $29.01B | — |
| Current Tax Assets | $864.0M | $1.31B | — |
| Current Tax Liabilities | $3.04B | $1.73B | — |
| Debt Securities | $99.67B | $105.78B | — |
| Deferred Tax Assets | $7.24B | $6.84B | — |
| Deposits From Banks | $97.95B | $74.00B | — |
| Deposits From Customers | $1.79T | $1.65T | — |
| Depreciation Property Plant and Equipment | $1.97B | $1.84B | $1.64B |
| Depreciation Rightofuse Assets | $700.0M | $700.0M | $700.0M |
| Derivative Financial Assets | $237.74B | $268.64B | — |
| Derivative Financial Liabilities | $237.85B | $264.45B | — |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | $7.71B | — | — |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | $0.45 | — | — |
| Dividends Received | $2.70B | $2.80B | $1.90B |
| Dividends Received Classified As Operating Activities | $1.04B | $1.06B | $1.07B |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | $27.21B | -$18.27B | $10.62B |
| Equity and Liabilities | $3.23T | $3.02T | — |
| Fee and Commission Expense | $4.26B | $3.96B | $3.77B |
| Fee and Commission Income | $17.61B | $16.27B | $15.62B |
| Fee and Commission Income Expense | $13.34B | $12.30B | $11.85B |
| Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading | $366.15B | $314.84B | — |
| Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value Other Than Those Classified As Held For Trading | $133.06B | $115.77B | — |
| Financial Liabilities At Fair Value Through Profit Or Loss Classified As Held For Trading | $72.12B | $65.98B | — |
| Financial Liabilities At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition | $158.46B | $138.73B | — |
| Gain Loss Recognised On Measurement To Fair Value Less Costs To Sell Or On Disposal of Assets Or Disposal Groups Constituting Discontinued Operation | -$47.0M | -$1.75B | -$61.0M |
| Gain Recognised In Bargain Purchase Transaction | $0 | $0 | $1.59B |
| Gains Losses On Cash Flow Hedges Before Tax | $749.0M | -$282.0M | $2.53B |
| Gains Losses On Exchange Differences On Translation Net of Tax | $6.56B | -$4.98B | -$204.0M |
| Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss | $1.40B | $1.60B | -$600.0M |
| Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax | $1.52B | $41.0M | $2.38B |
| Gains Losses On Net Monetary Position | -$200.0M | -$1.20B | -$1.70B |
| Income Tax Relating To Cash Flow Hedges of Other Comprehensive Income | $587.0M | -$103.0M | $1.04B |
| Income Tax Relating To Changes In Fair Value of Financial Liability Attributable To Change In Credit Risk of Liability of Other Comprehensive Income | -$163.0M | -$140.0M | -$398.0M |
| Income Tax Relating To Changes In Revaluation Surplus of Other Comprehensive Income | $0 | $0 | $0 |
| Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income | $543.0M | $26.0M | $746.0M |
| Income Tax Relating To Insurance Finance Income Expenses From Insurance Contracts Issued of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | $2.0M | -$49.0M | -$127.0M |
| Income Tax Relating To Investments In Equity Instruments of Other Comprehensive Income | $29.0M | $42.0M | $0 |
| Income Tax Relating To Remeasurements of Defined Benefit Plans of Other Comprehensive Income | -$6.0M | -$114.0M | -$99.0M |
| Income Taxes Paid Refund Classified As Operating Activities | $5.06B | $6.61B | $4.12B |
| Increase Decrease Through Exercise of Options | $0 | $0 | $0 |
| Increase Decrease Through Insurance Revenue Insurance Contracts Liability Asset | $11.18B | $5.90B | $7.89B |
| Increase Decrease Through Sharebased Payment Transactions | $621.0M | $529.0M | $482.0M |
| Increase Decrease Through Transfers and Other Changes Equity | -$1.02B | -$1.01B | -$1.38B |
| Increase Decrease Through Treasury Share Transactions | -$8.04B | -$11.04B | -$7.03B |
| Insurance Contracts Issued That Are Liabilities | $122.95B | $107.63B | — |
| Insurance Finance Income Expenses From Insurance Contracts Issued Recognised In Profit Or Loss | -$11.20B | -$5.98B | -$7.81B |
| Insurance Revenue | $3.23B | $2.75B | $2.26B |
| Insurance Service Expenses From Insurance Contracts Issued | $1.40B | $1.44B | $1.18B |
| Insurance Service Result | $1.82B | $1.31B | $1.08B |
| Interest Expense | $63.08B | $75.90B | $65.07B |
| Interest Expense For Financial Liabilities Not At Fair Value Through Profit Or Loss | $60.10B | $72.60B | $62.10B |
| Interest Income For Financial Assets Measured At Amortised Cost | $83.30B | $93.40B | $88.70B |
| Interest Paid Classified As Operating Activities | $68.80B | $81.70B | $66.00B |
| Interest Received Classified As Operating Activities | $99.60B | $110.10B | $98.90B |
| Interest Revenue Expense | $34.79B | $32.73B | $35.80B |
| Interest Revenue For Financial Assets Measured At Fair Value Through Other Comprehensive Income | $14.50B | $15.30B | $12.10B |
| Investments In Subsidiaries Joint Ventures and Associates | $29.58B | $28.91B | — |
| Issue of Equity | $4.10B | $3.60B | $2.00B |
| Issued Capital | $8.59B | $8.97B | — |
| Liabilities | $3.03T | $2.82T | — |
| Loans and Advances To Banks | $108.46B | $102.04B | — |
| Loans and Advances To Customers | $988.40B | $930.66B | — |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | $11.12B | $27.23B | — |
| Other Adjustments For Noncash Items | -$4.69B | -$5.29B | -$4.30B |
| Other Comprehensive Income | $10.54B | $1.94B | $4.98B |
| Other Comprehensive Income Before Tax Change In Fair Value of Financial Liability Attributable To Change In Credit Risk of Liability | -$642.0M | -$579.0M | -$1.62B |
| Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments | $127.0M | $141.0M | -$120.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | -$190.0M | -$342.0M | -$413.0M |
| Other Comprehensive Income Before Tax Gains Losses On Revaluation | $14.0M | $5.0M | $1.0M |
| Other Comprehensive Income Before Tax Insurance Finance Income Expenses From Insurance Contracts Issued Excluded From Profit Or Loss That Will Be Reclassified To Profit Or Loss | $7.0M | -$191.0M | -$491.0M |
| Other Comprehensive Income Net of Tax Cash Flow Hedges | $1.77B | -$52.0M | $2.95B |
| Other Comprehensive Income Net of Tax Change In Fair Value of Financial Liability Attributable To Change In Credit Risk of Liability | -$479.0M | -$439.0M | -$1.22B |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | $6.77B | $833.0M | -$204.0M |
| Other Comprehensive Income Net of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income | $3.04B | $163.0M | $2.60B |
| Other Comprehensive Income Net of Tax Gains Losses From Investments In Equity Instruments | $98.0M | $99.0M | -$120.0M |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | -$184.0M | -$228.0M | -$314.0M |
| Other Comprehensive Income Net of Tax Gains Losses On Revaluation | $14.0M | $5.0M | $1.0M |
| Other Comprehensive Income Net of Tax Insurance Finance Income Expenses From Insurance Contracts Issued Excluded From Profit Or Loss That Will Be Reclassified To Profit Or Loss | -$682.0M | -$142.0M | -$364.0M |
| Other Equity Interest | $20.72B | $19.07B | — |
| Other Operating Income Expense | -$1.30B | $223.0M | -$930.0M |
| Other Provisions | $3.44B | $1.72B | — |
| Other Reserves | -$795.0M | -$10.28B | — |
| Payments of Other Equity Instruments | $2.45B | $3.43B | $4.00B |
| Payments To Acquire Or Redeem Entitys Shares | $9.09B | $11.35B | $5.81B |
| Proceeds From Issue of Subordinated Liabilities | $3.83B | $4.36B | $5.24B |
| Proceeds From Sales Or Maturity of Financial Instruments Classified As Investing Activities | $470.31B | $453.50B | $504.17B |
| Profit Loss Attributable To Ordinary Equity Holders of Parent Entity | $21.10B | $22.92B | $22.43B |
| Purchase of Financial Instruments Classified As Investing Activities | $502.39B | $523.45B | $563.56B |
| Reclassification Adjustments On Cash Flow Hedges Before Tax | -$1.61B | $135.0M | -$1.46B |
| Reclassification Adjustments On Exchange Differences On Translation Net of Tax | -$208.0M | -$5.82B | $0 |
| Reclassification Adjustments On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax | -$1.33B | -$69.0M | -$905.0M |
| Reclassification Adjustments On Insurance Finance Income Expenses From Insurance Contracts Issued Excluded From Profit Or Loss Before Tax | $687.0M | $0 | $0 |
| Reduction of Issued Capital | $2.45B | $2.25B | $4.00B |
| Repayments of Subordinated Liabilities | $3.59B | $2.00B | $2.15B |
| Repurchase Agreements and Cash Collateral On Securities Lent | $204.97B | $180.88B | — |
| Restricted Cash and Cash Equivalents | $66.60B | $50.40B | $61.80B |
| Retained Earnings | $169.60B | $152.40B | — |
| Revenue and Operating Income | $68.27B | $65.85B | $66.06B |
| Revenue From Interest | $97.87B | $108.63B | $100.87B |
| Reverse Repurchase Agreements and Cash Collateral On Securities Borrowed | $298.39B | $252.55B | — |
| Selling General and Administrative Expense | $11.96B | $10.50B | $10.38B |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net of Tax | $54.0M | $462.0M | $47.0M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | $2.91B | $2.91B | $2.81B |
| Share Premium | $111.0M | $14.81B | — |
| Subordinated Liabilities | $28.41B | $25.96B | — |
| Trading Income Expense | $19.68B | $21.12B | $16.66B |
Methodology
Every line item above is a fact tagged in HSBC HOLDINGS PLC's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (USD), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.