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

87.27 0.29 −0.33%
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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, HSBC Holdings plc (HSBC) trades at a price to free cash flow of 2.1×. Over the past ten years it has ranged from 0.0× (June 2016) to 3.0× (June 2026); the current reading is higher than 86% of that period. That is below the Banks Diversified industry median of 8.8× and below the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 2.5× 116.23%
FY2024 1.1× 113.11%
FY2023 0.5× 24.21%
FY2022 0.4× 13.65%
FY2021 0.4× 23.23%
FY2020 0.3× (64.79%)
FY2019 0.9× (21.66%)
FY2018 1.1× (18.38%)
FY2017 1.4× 27.96%
FY2016 1.1× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 2.4× (7.94%)
Mar 2026 2.6× 15.09%
Sep 2025 2.2× 71.62%
Mar 2025 1.3× 24.41%
32 more quarters

Against its own ten years

Low 0.0× High 3.0×
Ten-year median 0.8×
Current reading's percentile 86

Price to free cash flow against peers

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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