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HSBC Holdings
(LSE:HSBA)
HSBC Holdings (HSBA) vs. iShares MSCI United Kingdom ETF (EWC)
HSBC Holdings Business Overview & Revenue Model
HSBC Holdings Earnings Call Summary
HSBC Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.70B | 143.29B | 129.51B | 76.17B | 73.95B | 63.28B |
| Gross Profit | 69.07B | 67.40B | 64.44B | 53.72B | 64.25B | 63.28B |
| EBITDA | 28.79B | 36.39B | 33.81B | 20.91B | 23.19B | 0.00 |
| Net Income | 18.92B | 23.98B | 23.53B | 15.56B | 13.92B | 5.23B |
Balance Sheet | ||||||
| Total Assets | 3.21T | 3.02T | 3.04T | 2.95T | 2.96T | 2.98T |
| Cash, Cash Equivalents and Short-Term Investments | 246.36B | 821.55B | 299.57B | 350.05B | 422.44B | 308.57B |
| Total Debt | 129.70B | 242.35B | 163.94B | 153.66B | 169.53B | 171.14B |
| Total Liabilities | 3.01T | 2.82T | 2.85T | 2.76T | 2.75T | 2.78T |
| Stockholders Equity | 192.55B | 184.97B | 185.33B | 177.83B | 198.25B | 196.44B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 61.42B | 35.42B | 22.02B | 100.75B | 178.71B |
| Operating Cash Flow | 0.00 | 65.31B | 39.11B | 26.43B | 104.31B | 182.22B |
| Investing Cash Flow | 0.00 | -76.56B | -62.91B | -34.48B | 27.54B | -22.43B |
| Financing Cash Flow | 0.00 | -26.46B | -17.56B | -6.29B | -10.79B | -4.64B |
HSBC Holdings Technical Analysis
HSBC Holdings Risk Analysis
HSBC Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £216.17B | 17.40 | 8.88% | 4.27% | -11.86% | -24.31% | |
78 Outperform | £66.23B | 11.49 | 9.72% | 1.50% | 14.18% | 46.12% | |
77 Outperform | £41.47B | 12.43 | 10.45% | 1.70% | -4.35% | 21.86% | |
75 Outperform | £52.44B | 9.97 | 14.96% | 3.85% | 4.27% | 26.21% | |
69 Neutral | £61.40B | 14.89 | 8.08% | 3.41% | -22.85% | -21.12% | |
68 Neutral | £10.95B | 8.04 | 12.21% | 6.78% | -2.34% | 2.55% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
HSBC Holdings Corporate Events
HSBC Holdings plc has confirmed that as of 29 January 2026 its issued share capital consists of 17,175,239,862 ordinary shares of US$0.50 each, with no shares held in treasury, resulting in an identical total number of voting rights. The disclosure, made in line with UK and Hong Kong regulatory requirements, provides investors with the official denominator for calculating whether their shareholdings trigger mandatory reporting of interests or changes in interests, reinforcing transparency in HSBC’s shareholder base and compliance with market disclosure rules.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £1429.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC’s Asia-Pacific arm, The Hongkong and Shanghai Banking Corporation Limited, has completed the court-sanctioned privatisation of Hang Seng Bank Limited via a scheme of arrangement under Hong Kong’s Companies Ordinance. All conditions of the scheme have been satisfied, making the transaction effective on 26 January 2026, with Hang Seng Bank’s shares to be withdrawn from trading on the Hong Kong Stock Exchange at 4:00 p.m. on 27 January 2026 and cash consideration to be paid to registered scheme shareholders no later than seven business days after the effective date. The move will take Hang Seng Bank private and consolidate HSBC’s ownership and control of the Hong Kong lender, simplifying the group’s structure in its key Asia franchise and removing Hang Seng from public markets, with scheme consideration being distributed by cheque and electronic transfer to entitled shareholders.
The most recent analyst rating on (GB:HSBA) stock is a Hold with a £1329.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC’s Asia-Pacific arm, The Hongkong and Shanghai Banking Corporation, is proceeding with the privatisation of its Hong Kong affiliate Hang Seng Bank via a court-sanctioned scheme of arrangement that involves a reduction of Hang Seng’s issued share capital. The High Court has approved the scheme and related capital reduction, and subject to final procedural conditions, the transaction is expected to become effective on 26 January 2026, after which Hang Seng Bank’s shares are set to be delisted from the Hong Kong Stock Exchange at 4:00 p.m. on 27 January 2026, consolidating HSBC’s control and removing minority shareholders from the market.
The most recent analyst rating on (GB:HSBA) stock is a Hold with a £1329.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings plc has granted conditional share awards to employees under its International Employee Share Purchase Plan, covering a total of 351,143.02986 ordinary shares listed in London and Hong Kong. The awards, granted at nil purchase price and without performance or clawback conditions due to the plan’s all-employee nature, will vest over 2 years and 9 months, and sit within a broader 10% capital limit for all employee share schemes, indicating continued use of equity-based incentives while maintaining substantial headroom for future grants.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £13.20 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC, through its Asia-Pacific arm, has moved a step closer to fully privatising Hang Seng Bank after shareholders approved a court-sanctioned scheme of arrangement and related capital changes at both a court meeting and a general meeting held on 8 January 2026. The scheme, which covers the remaining 36.57% of Hang Seng Bank shares not already owned by HSBC Asia Pacific, met the required approval thresholds under Hong Kong company law and the Takeovers Code, paving the way for the bank’s delisting from the Hong Kong Stock Exchange, expected at 4:00 p.m. on 27 January 2026, and for the closing of Hang Seng Bank’s register of members from 20 January 2026 to determine entitlements to the scheme consideration. The move will give HSBC full control over Hang Seng Bank’s equity structure, simplifying group ownership and potentially reshaping the bank’s capital market profile and governance for remaining stakeholders.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £1240.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings plc has reported that, as of 29 December 2025, its issued share capital consists of 17,175,239,862 ordinary shares with a nominal value of US$0.50 each, and that no shares are held in treasury. As a result, the total number of voting rights in the company is 17,175,239,862, a figure that shareholders should use as the reference denominator when assessing whether they must disclose interests or changes in interests under relevant UK and Hong Kong securities disclosure regulations.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £1240.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings plc has announced that its Senior Independent Director, Ann Godbehere, will step down from the board and retire at the company’s 2026 annual general meeting, concluding a tenure in which she played a key role in the bank’s governance. The move, which follows the completion of the group’s chair search, is described as being for personal and lifestyle reasons, with Chair Brendan Nelson and Godbehere both paying tribute to her service; she will continue to receive fees for her roles until retirement but will not receive any payment for loss of office, and the bank confirms there are no additional matters relating to her departure that need to be brought to shareholders’ attention.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £1240.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings has disclosed share transactions by senior executives in line with UK market abuse regulations, confirming that additional ordinary shares were acquired through the automatic reinvestment of the bank’s third interim dividend for 2025. Co-Chief Executive for Asia and the Middle East, David Liao, received 4,862 shares and International Wealth and Premier Banking Chief Executive, Barry O’Byrne, received 12 shares at a price of £11.43115 per share, underscoring the ongoing alignment of management incentives with shareholder returns through dividend-linked share plan arrangements.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £1240.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings plc has announced a change in its company secretariat, with joint company secretaries Aileen Taylor and Hannah Ashdown set to step down from their roles at the end of 31 December 2025. Taylor will remain in her position as Group Chief People and Governance Officer, while, as previously announced, Angela McEntee will assume the role of Group Company Secretary from 1 January 2026, signaling a planned and orderly transition in the group’s governance and administrative leadership structure.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £1300.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Asia Pacific has announced plans to privatize its subsidiary, Hang Seng Bank Limited, via a scheme of arrangement under Section 673 of the Companies Ordinance, which will result in the withdrawal of Hang Seng Bank shares from the stock exchange listing. This move, aimed at consolidating HSBC’s holdings and operations in the region, will see HSBC Asia Pacific securing 100% ownership of Hang Seng Bank shares, marking a significant step in aligning strategic goals and streamlining group operations. Stakeholders are expected to benefit from enhanced operational efficiency, while the industry presence of HSBC in Hong Kong and Asia-Pacific is likely to strengthen further.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £1300.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings PLC announced a third interim dividend for the financial year ending December 31, 2025, set at US$0.10 per ordinary share. The dividend, payable in multiple currencies, reflects the company’s ongoing commitment to returning value to shareholders and may influence market perceptions of its financial health and strategic direction.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £1221.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings plc has announced a proposal for the privatization of Hang Seng Bank Limited by its subsidiary, The Hongkong and Shanghai Banking Corporation Limited, through a scheme of arrangement. The proposal has received relevant consents from the Executive under the Takeovers Code, allowing HSBC to engage in certain securities dealings and lending activities related to Hang Seng Bank without breaching regulatory requirements. This move is part of HSBC’s strategic operations in the Asia-Pacific region, potentially impacting its market positioning and stakeholder interests by streamlining operations and enhancing control over Hang Seng Bank.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £12.30 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings PLC, along with its subsidiaries HSBC Asia Pacific and Hang Seng Bank, has announced an update on the proposed privatization of Hang Seng Bank through a scheme of arrangement. This move involves the withdrawal of Hang Seng Bank’s shares from listing, with the scheme document expected to be dispatched by December 17, 2025. The announcement highlights the ongoing preparations for a High Court hearing to seek approval for the scheme, which is contingent on satisfying certain conditions. This proposal is significant for HSBC’s strategic positioning in the Asia-Pacific market and could impact shareholders and potential investors, who are advised to exercise caution.
The most recent analyst rating on (GB:HSBA) stock is a Buy with a £12.30 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings PLC announced the cancellation of 26,782,800 ordinary shares that were previously repurchased on the Hong Kong Stock Exchange as part of a buy-back program. This cancellation reduces the total number of shares in issue to 17,175,239,862, which also represents the total number of voting rights. This adjustment in share capital and voting rights is significant for shareholders as it affects the calculations for notifying changes in their interests under regulatory guidelines.
The most recent analyst rating on (GB:HSBA) stock is a Hold with a £1035.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings plc announced the grant of conditional awards to employees and former employees for 501,618 ordinary shares under the HSBC Share Plan 2011. These awards are part of a deferred bonus scheme to meet UK regulatory requirements, with vesting periods spanning up to seven years for certain risk takers. The initiative reflects HSBC’s commitment to aligning employee incentives with strategic goals and regulatory compliance, potentially impacting its operational efficiency and stakeholder engagement.
The most recent analyst rating on (GB:HSBA) stock is a Hold with a £1035.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
Ian Stuart, Chief Executive of HSBC UK Bank plc, exercised his option to purchase 11,419 ordinary shares in HSBC Holdings plc at a price of £2.627 per share. This transaction, disclosed under the UK version of the EU Market Abuse Regulation, highlights the ongoing engagement of senior management with the company’s equity, potentially signaling confidence in the company’s future performance.
The most recent analyst rating on (GB:HSBA) stock is a Hold with a £1035.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.
HSBC Holdings PLC announced that as of October 30, 2025, its issued share capital consists of 17,201,971,220 ordinary shares, with no shares held in treasury. This update on voting rights is significant for shareholders as it impacts their calculations for notifying changes in their interests, in compliance with the UK Financial Conduct Authority’s rules and the Hong Kong Securities and Futures Ordinance.
The most recent analyst rating on (GB:HSBA) stock is a Hold with a £1010.00 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.