HSBC Holdings PLC

NYSE:HSBCFinancial Services

$92.96−1.70%At closeAt close · Tue 20 Oct · ≈ AED 341.40 · Market cap $326.12B · Next earnings Tue 27 Oct

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	81.7%	86.9%	70.5%	49.8%	47.0%	54.6%	—	—
Operating margin	11.3%	25.6%	22.4%	23.4%	22.5%	20.3%	20.3%	+0.0 pts
Net margin	6.8%	18.8%	20.4%	18.2%	16.7%	15.1%	20.2%	+5.1 pts
EBITDA margin	18.1%	31.4%	27.4%	26.1%	25.4%	19.6%	—	—
Return on equity	2.7%	7.0%	8.7%	12.7%	13.0%	11.3%	14.5%	+3.3 pts
Return on assets	0.2%	0.5%	0.5%	0.8%	0.8%	0.7%	0.9%	+0.2 pts
Return on capital employed	0.3%	0.6%	0.6%	2.4%	2.7%	2.4%	—	—
Debt / equity	1.9×	2.0×	1.1×	2.3×	1.3×	1.3×	1.2×	−3.6%
Debt / assets	12.7%	13.4%	6.9%	14.0%	8.0%	7.9%	—	—
Interest coverage	0.6×	1.9×	0.8×	0.5×	0.4×	0.5×	—	—
Current ratio	32.6×	40.4×	28.3×	0.2×	0.2×	0.3×	0.3×	+0.0%
Quick ratio	32.6×	40.4×	28.3×	0.2×	0.2×	0.3×	—	—
Cash ratio	31.6×	40.4×	28.3×	0.2×	0.2×	0.2×	0.2×	+0.0%
Asset turnover	0.0×	0.0×	0.0×	0.0×	0.0×	0.0×	—	—
Receivables turnover	7.5×	—	—	—	—	171.1×	—	—
Dividend payout	38.7%	45.9%	44.8%	51.8%	71.3%	51.8%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.