stockrowHSBC 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
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HSBC Holdings plc (HSBC) Gross margin
HSBC Holdings plc's gross margin over the twelve months to 30 September 2026 was 100.0%, up 47.0 percentage points from fiscal 2025 (53.0%). Over the past ten years it has ranged from 47.5% (fiscal 2024) to 100.0% (fiscal 2016); the current reading is higher than 27% of that period. That is above the Banks Diversified industry median of 67.1% and above the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 53.0% | 5.49 |
| FY2024 | 47.5% | (3.89) |
| FY2023 | 51.4% | (18.96) |
| FY2022 | 70.4% | (14.05) |
| FY2021 | 84.4% | 5.85 |
| FY2020 | 78.6% | 7.89 |
| FY2019 | 70.7% | (3.96) |
| FY2018 | 74.7% | (6.11) |
| FY2017 | 80.8% | (19.24) |
| FY2016 | 100.0% | 0.00 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 100.0% | 0.00 |
| Mar 2026 | 100.0% | 0.00 |
| Sep 2025 | 100.0% | 0.00 |
| Mar 2025 | 100.0% | 0.00 |
| 32 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| HSBC HSBC Holdings plc | 100.0% |
| BBVA Banco Bilbao Viscaya Argentaria S.A. compare | 100.0% |
| UBS UBS Group AG compare | 80.3% |
| WFC Wells Fargo & Company compare | 67.0% |
| MUFG Mitsubishi UFJ Financial Group, Inc. compare | 65.5% |
| BAC Bank of America Corporation compare | 62.6% |
| SMFG Sumitomo Mitsui Financial Group Inc compare | 60.4% |
| C Citigroup Inc. compare | 52.9% |
| SAN Banco Santander, S.A. compare | 45.2% |
| Banks Diversified industry median | 67.1% |
| 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
More on HSBC
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement