HDFC Bank Limited
HDFC Bank Limited’s revenue for fiscal 2026 (year ended March 2026) was $46.4 billion, down 5.46% from fiscal 2025.
- Revenue
- −9.36%
- EPS
- +8.11%
- Free cash flow
- −1.95%
Quarter to June 2026, against a year earlier
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HDFC Bank Limited (HDB) Gross margin
HDFC Bank Limited's gross margin over the twelve months to 30 June 2026 was 57.1%, down 0.2 percentage points from fiscal 2026 (57.3%). Over the past ten years it has ranged from 53.9% (fiscal 2016) to 63.6% (fiscal 2022); the current reading is higher than 67% of that period. That is below the Banks Regional industry median of 69.8% and below the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 57.3% | 0.76 |
| FY2025 | 56.5% | 0.10 |
| FY2024 | 56.4% | (4.42) |
| FY2023 | 60.9% | (2.72) |
| FY2022 | 63.6% | 2.31 |
| FY2021 | 61.3% | 5.12 |
| FY2020 | 56.1% | 0.59 |
| FY2019 | 55.6% | (1.91) |
| FY2018 | 57.5% | 2.17 |
| FY2017 | 55.3% | 1.40 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 64.2% | 88.54 |
| Mar 2026 | −24.3% | (88.22) |
| Dec 2025 | 63.9% | 3.32 |
| Sep 2025 | 60.6% | (3.56) |
| 23 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| IBN ICICI Bank Limited compare | 71.9% |
| PNC The PNC Financial Services Group, Inc compare | 70.9% |
| USB U.S. Bancorp compare | 68.7% |
| TFC Truist Financial Corporation compare | 67.4% |
| LYG Lloyds Banking Group PLC compare | 66.3% |
| NWG NatWest Group plc compare | 57.4% |
| HDB HDFC Bank Limited | 57.1% |
| MFG Mizuho Financial Group, Inc. compare | 55.9% |
| DB Deutsche Bank Aktiengesellschaft compare | 53.6% |
| Banks Regional industry median | 69.8% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
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- Operating margin
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- Free cash flow margin
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- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
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- Current ratio
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