Friday 6 November 2026 Export HSBC’s income statement to Excel — free account

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

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87.12 0.44 −0.50%

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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

Overview

HSBC Holdings plc (HSBC) P/S ratio

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As of 5 November 2026, HSBC Holdings plc (HSBC) trades at a P/S ratio of 7.5×. Over the past ten years it has ranged from 1.7× (September 2020) to 9.2× (August 2026); the current reading is higher than 95% of that period. That is above the Banks Diversified industry median of 2.6× and above the Financial sector median of 2.3×.

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<iframe src="https://stockrow.com/embed/HSBC/ps-ratio" width="100%" height="360" style="border:0" loading="lazy" title="HSBC Holdings plc P/S ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/HSBC/metrics/ps-ratio">HSBC Holdings plc (HSBC) P/S ratio — stockrow.com</a></p>

Period	P/S ratio	Change
FY2025	6.4×	60.51%
FY2024	4.0×	25.90%
FY2023	3.2×	15.68%
FY2022	2.7×	(5.12%)
FY2021	2.9×	11.88%
FY2020	2.6×	(29.14%)
FY2019	3.6×	20.24%
FY2018	3.0×	(31.66%)
FY2017	4.4×	37.73%
FY2016	3.2×	33.97%

Period	P/S ratio	Change
Sep 2026	8.5×	20.47%
Mar 2026	7.0×	22.00%
Sep 2025	5.8×	14.39%
Mar 2025	5.0×	38.57%
32 more quarters	Free account

Against its own ten years

Low 1.7× High 9.2×

Ten-year median 3.2×

Current reading's percentile 95

Company	P/S ratio
C Citigroup Inc. compare	1.3×
SAN Banco Santander, S.A. compare	1.5×
BAC Bank of America Corporation compare	1.8×
WFC Wells Fargo & Company compare	2.0×
UBS UBS Group AG compare	2.5×
SMFG Sumitomo Mitsui Financial Group Inc compare	2.6×
BBVA Banco Bilbao Viscaya Argentaria S.A. compare	3.0×
MUFG Mitsubishi UFJ Financial Group, Inc. compare	3.1×
HSBC HSBC Holdings plc	7.5×
Banks Diversified industry median	2.6×
Financial sector median	2.3×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

HSBC Holdings plc (HSBC) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on HSBC

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on HSBC

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