
HSBC Holdings PLC Income Statement 2025-2011 | HSBC
Brief overview of income trends at HSBC Holdings PLC
The conclusions below are based on five years of reported results. The revenue attributed to HSBC Holdings PLC moved from $60 billion to $50.4 billion between the two endpoints. Across the full period, sales moved by −16%; the average annual rate was −3.4%. The decline points to a contraction in the scale of the business.
The five-year change in net income was −61.3%: from $13.5 billion to $5.2 billion. The decline reduces the quality of the financial trajectory.
The market value of the business moved from $137 billion to $101 billion, or −26.6%. Market expectations deteriorated over the period.
Financial takeaway
The indicators point to a weaker financial profile. The most visible risks are lower investor confidence, declining net profitability and weak sales momentum. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement HSBC Holdings PLC
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
1.63 T | 1.03 T | 744 B | 749 B | 609 B | 101 B | 145 B | - | 170 B | 168 B | 137 B | 173 B | 194 B | 207 B | 147 B |
Shares |
17.4 B | 18.4 B | 19.5 B | 19.8 B | 20.2 B | 4.03 B | 4.03 B | - | 3.99 B | 3.95 B | 3.88 B | 3.79 B | 3.71 B | 3.62 B | 3.54 B |
Historical Prices |
93.3 | 56.1 | 38.2 | 37.7 | 30.1 | 25 | 36.1 | 35.6 | 42.5 | 31.1 | 28.4 | 32.2 | 35.9 | 33.1 | 22.6 |
Net Income |
23.1 B | 25 B | 24.6 B | 16.2 B | 14.7 B | 5.23 B | 7.38 B | 13.7 B | 10.8 B | 2.48 B | 13.5 B | 13.7 B | 16.2 B | 14 B | 16.8 B |
Revenue |
- | - | - | - | - | 50.4 B | 56.1 B | 53.9 B | 51.5 B | 50.1 B | 60 B | 61.3 B | 63.2 B | 60.5 B | 71.3 B |
Operating Income |
28 B | 29.4 B | 30.5 B | 14.3 B | 15.9 B | 7.18 B | 11 B | 17.4 B | 14.8 B | 4.76 B | 16.3 B | - | - | - | - |
Interest Expense |
63.1 B | 75.9 B | 65.1 B | 22.4 B | 9.7 B | 14.2 B | 24.2 B | 19.1 B | 12.8 B | 12.6 B | 14.7 B | - | - | - | - |
EBITDA |
32.9 B | 33.5 B | 34 B | 18.2 B | 20.1 B | 12.4 B | 21.5 B | 19.3 B | 16.7 B | - | - | - | - | - | - |
Operating Expenses |
36.4 B | 33 B | 32.1 B | 32.7 B | 34.6 B | 34.4 B | 42.3 B | 34.7 B | 34.9 B | - | - | - | - | - | - |
General and Administrative Expenses |
12 B | 10.5 B | 10.4 B | 10.8 B | 11.6 B | 11.1 B | 13.8 B | 15.4 B | 15.7 B | 16.5 B | 17.7 B | 18.6 B | 17.1 B | 20 B | 17.5 B |
All numbers in USD currency
Quarterly Income Statement HSBC Holdings PLC
| 2025-Q4 | 2025-Q2 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
17.4 B | 17.6 B | 18.4 B | 18.7 B | 19.5 B | 19.7 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
23.1 B | 12.4 B | 25 B | 17.7 B | 24.6 B | 18.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
28 B | 15.2 B | 29.4 B | 19.9 B | 30.5 B | 20.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
63.1 B | 32.2 B | 75.9 B | 38.5 B | 65.1 B | 28.7 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
32.9 B | 17.4 B | 33.5 B | 21.9 B | 34 B | 21.7 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
36.4 B | 17 B | 33 B | 16.3 B | 32.1 B | 15.5 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
12 B | 4.89 B | 10.5 B | 5.14 B | 10.4 B | 4.91 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company HSBC Holdings PLC (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.