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) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, HSBC Holdings plc (HSBC) trades at a P/E ratio of 11.6×. Over the past ten years it has ranged from 4.9× (April 2024) to 339× (August 2017); the current reading is higher than 45% of that period. That is in line with the Banks Diversified industry median of 11.7× and below the Financial sector median of 12.2×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 10.2× 46.77%
FY2024 6.9× 8.79%
FY2023 6.4× (35.08%)
FY2022 9.8× (5.35%)
FY2021 10.3× (66.47%)
FY2020 30.9× 95.19%
FY2019 15.8× 24.98%
FY2018 12.6× (92.76%)
FY2017 175× 49.54%
FY2016 117× 861.98%

Quarterly newest first

Period P/E ratio Change
Sep 2026 13.1× 12.35%
Mar 2026 11.6× 26.86%
Sep 2025 9.2× 24.39%
Mar 2025 7.4× 16.51%
32 more quarters

Against its own ten years

Low 4.9× High 339×
Ten-year median 12.0×
Current reading's percentile 46

P/E ratio against peers

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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