HSBC Holdings plc

HSBC Financial Banks Diversified

HSBC Holdings plc’s revenue for fiscal 2025 (year ended December 2025) was $134.3 billion, down 7.19% from fiscal 2024.

Revenue
+0.11%
EPS
+29.9%
Free cash flow
+75.4%
Total debt
+5.79%

Quarter to September 2026, against a year earlier

88.13 1.24 −1.39%
Market cap
$301.8B
P/E
11.6×
Fwd P/E
—
Dividend yield
4.82%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

HSBC Holdings plc (HSBC) Free cash flow margin

Alert me on Free cash flow margin

HSBC Holdings plc's free cash flow margin over the twelve months to 30 September 2026 was 0.00%, down 18.7 percentage points from fiscal 2025 (18.7%). Over the past ten years it has ranged from −19.4% (fiscal 2017) to 269.9% (fiscal 2020); the current reading is higher than 27% of that period. That is in line with the Banks Diversified industry median of 0.00% and below the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 18.7% (23.76)
FY2024 42.5% 16.02
FY2023 26.4% 6.72
FY2022 19.7% (142.00)
FY2021 161.7% (108.22)
FY2020 269.9% 238.36
FY2019 31.6% (7.49)
FY2018 39.1% 58.47
FY2017 −19.4% (152.35)
FY2016 133.0% 138.28

Against its own ten years

Low −19.4% High 269.9%
Ten-year median 31.6%
Current reading's percentile 27

Free cash flow margin against peers

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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