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The story
Founded by Thomas Sutherland in 1865.1
HSBC on NYSE
HSBC
Logo: HSBC, Public domain, via Wikimedia Commons4
British bank and financial services group
HSBC Holdings plc (Chinese: 滙豐; lit. 'focus of wealth') is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.3 From Wikipedia, CC BY-SA 4.0
Price unavailable
Last updated Oct 16, 2026.
Overview
- TickerHSBC on NYSE1
- Industryeconomics of banking, financial sector, financial services, insurance1
- Headquarters8 Canada Square1
- Websitehsbc.com
- Legal formpublic limited company1
- Listed onBermuda Stock Exchange Ltd (HSBC.BH), Hong Kong Stock Exchange (0005), London Stock Exchange (HSBA), New York Stock Exchange (HSBC)1
- Business address8 Canada Square, London, X0 E145Hq6
- Filer categoryLarge accelerated filer6
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HSBC Holdings plc (Chinese: 滙豐; lit. 'focus of wealth') is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. According to S&P Global's April 2026 report, HSBC is Europe's second-largest bank by assets, with $3.212 trillion in assets. This also puts it as the eighth-largest bank in the world by total assets and the third-largest non-state owned bank in the world.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net interest income | $34.8B | $32.7B | $35.8B |
| interest income | $97.9B | $108.6B | $100.9B |
| interest expense | -$63.1B | -$75.9B | -$65.1B |
| Net fee income | $13.3B | $12.3B | $11.8B |
| fee income | $17.6B | $16.3B | $15.6B |
| fee expense | -$4.3B | -$4.0B | -$3.8B |
| Net income from financial instruments held for trading or managed on a fair value basis | $19.7B | $21.1B | $16.7B |
| Net income/(expense) from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss | $11.2B | $5.9B | $7.9B |
| Insurance finance expense | -$11.2B | -$6.0B | -$7.8B |
| Insurance service result | $1.8B | $1.3B | $1.1B |
| insurance service revenue | $3.2B | $2.8B | $2.3B |
| insurance service expense | -$1.4B | -$1.4B | -$1.2B |
| Gain on acquisition | $0 | $0 | $1.6B |
| Losses recognised on sale of business operations6 | -$47.0M | -$1.8B | -$61.0M |
| Other operating income/(expense) | -$1.3B | $223.0M | -$930.0M |
| Total operating income | $68.3B | $65.9B | $66.1B |
| Change in expected credit losses and other credit impairment charges | -$3.9B | -$3.4B | -$3.4B |
| Net operating income | $64.4B | $62.4B | $62.6B |
| Employee compensation and benefits | -$19.6B | -$18.5B | -$18.2B |
| General and administrative expenses | -$12.0B | -$10.5B | -$10.4B |
| Depreciation and impairment of property, plant and equipment and right-of-use assets | -$2.0B | -$1.8B | -$1.6B |
| Amortisation and impairment of intangible assets | -$2.9B | -$2.2B | -$1.8B |
| Total operating expenses | -$36.4B | -$33.0B | -$32.1B |
| Operating profit | $28.0B | $29.4B | $30.5B |
| Share of profit in associates and joint ventures | $2.9B | $2.9B | $2.8B |
| Impairment of interest in associate | -$1.0B | $0 | -$3.0B |
| Profit before tax | $29.9B | $32.3B | $30.3B |
| Tax expense | -$6.8B | -$7.3B | -$5.8B |
| ordinary shareholders of the parent company | $21.1B | $22.9B | $22.4B |
| other equity holders | $1.2B | $1.1B | $1.1B |
| non-controlling interests | $846.0M | $1.0B | $1.0B |
| profit for the year | $23.1B | $25.0B | $24.6B |
| Basic earnings per ordinary share (in dollars per share) | $1.21 | $1.25 | $1.15 |
| Diluted earnings per ordinary share (in dollars per share) | $1.20 | $1.24 | $1.14 |
| Interest recognised on financial assets measured at amortised cost | $83.3B | $93.4B | $88.7B |
| Interest recognised on financial assets measured at fair value through other comprehensive income | $14.5B | $15.3B | $12.1B |
| Loss from early redemption of legacy securities | $200.0M | ||
| Interest expense for financial liabilities not at fair value through profit or loss | $60.1B | $72.6B | $62.1B |
| Reclassification adjustments of other reserves losses of net investments in foreign operations, before tax | -$1.1B | $0 | $0 |
| Loss on net monetary position | $200.0M | $1.2B | $1.7B |
| Depreciation of right-of-use assets | $700.0M | $700.0M | $700.0M |
| foreign exchange losses reclassified to the income statement on disposal or dilution of a foreign operation | -$208.0M | -$5.8B | $0 |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and balances at central banks | $242.9B | $267.7B | $285.9B |
| Hong Kong Government certificates of indebtedness | $44.1B | $42.3B | |
| Trading assets | $366.2B | $314.8B | |
| Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | $133.1B | $115.8B | |
| Derivatives | $237.7B | $268.6B | |
| Loans and advances to banks | $108.5B | $102.0B | |
| Loans and advances to customers | $988.4B | $930.7B | $938.5B |
| Reverse repurchase agreements non-trading | $298.4B | $252.5B | |
| Financial investments | $567.2B | $493.2B | |
| Assets held for sale | $11.1B | $27.2B | |
| Prepayments, accrued income and other assets | $184.8B | $152.7B | |
| Current tax assets | $864.0M | $1.3B | |
| Interests in associates and joint ventures | $29.6B | $28.9B | $27.3B |
| Goodwill and intangible assets | $13.1B | $12.4B | |
| Deferred tax assets | $7.2B | $6.8B | |
| Total assets | $3.2T | $3.0T | $3.0T |
| Hong Kong currency notes in circulation | $44.1B | $42.3B | |
| Deposits by banks | $98.0B | $74.0B | |
| Customer accounts | $1.8T | $1.7T | $1.6T |
| Repurchase agreements non-trading | $205.0B | $180.9B | |
| Trading liabilities | $72.1B | $66.0B | |
| Financial liabilities designated at fair value | $158.5B | $138.7B | |
| Derivatives | $237.9B | $264.4B | |
| Debt securities in issue | $99.7B | $105.8B | |
| Liabilities of disposal groups held for sale | $23.4B | $29.0B | |
| Accruals, deferred income and other liabilities | $142.1B | $130.3B | |
| Current tax liabilities | $3.0B | $1.7B | |
| Insurance contract liabilities | $123.0B | $107.6B | |
| Provisions | $3.4B | $1.7B | $1.7B |
| Deferred tax liabilities | $2.1B | $1.3B | |
| Subordinated liabilities | $28.4B | $26.0B | |
| Total liabilities | $3.0T | $2.8T | |
| Called up share capital | $8.6B | $9.0B | |
| Share premium account | $111.0M | $14.8B | |
| Other equity instruments | $20.7B | $19.1B | |
| Other reserves | -$795.0M | -$10.3B | |
| Retained earnings | $169.6B | $152.4B | |
| Total shareholders equity | $198.2B | $185.0B | |
| Non-controlling interests | $7.4B | $7.3B | |
| Total equity | $205.7B | $192.3B | $192.6B |
| Total liabilities and equity | $3.2T | $3.0T |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Profit before tax | $29.9B | $32.3B | $30.3B |
| Depreciation, amortisation and impairment | $4.9B | $4.1B | $3.5B |
| Net loss from investing activities | $2.6B | $180.0M | $1.2B |
| Share of profit in associates and joint ventures | -$2.9B | -$2.9B | -$2.8B |
| Impairment of interest in associate | $1.0B | $0 | $3.0B |
| (Gain)/loss on acquisition/disposal of subsidiaries, businesses, associates and joint ventures | $93.0M | $1.7B | -$1.8B |
| Change in expected credit losses gross of recoveries and other credit impairment charges | $4.2B | $3.7B | $3.7B |
| Provisions including pensions | $2.1B | $299.0M | $266.0M |
| Share-based payment expense | $621.0M | $529.0M | $482.0M |
| Other non-cash items included in profit before tax | -$4.7B | -$5.3B | -$4.3B |
| Elimination of exchange differences | -$34.7B | $26.7B | -$10.7B |
| Change in net trading securities and derivatives | -$38.6B | -$41.4B | -$63.2B |
| Change in loans and advances to banks and customers | -$74.1B | $7.3B | -$14.1B |
| Change in reverse repurchase agreements non-trading | -$32.3B | -$4.2B | -$2.1B |
| Change in financial assets designated and otherwise mandatorily measured at fair value | -$23.4B | -$20.7B | -$10.0B |
| Change in other assets | -$38.4B | $7.7B | -$10.3B |
| Change in deposits by banks and customer accounts | $168.9B | $44.2B | $45.0B |
| Change in repurchase agreements non-trading | $24.1B | $8.7B | $43.4B |
| Change in debt securities in issue | -$5.6B | $11.9B | $11.9B |
| Change in financial liabilities designated at fair value | $46.1B | -$2.2B | $10.1B |
| Change in other liabilities | $4.1B | -$1.6B | $8.7B |
| Dividends received from associates | $1.0B | $1.1B | $1.1B |
| Contributions paid to defined benefit plans | -$147.0M | -$167.0M | -$208.0M |
| Tax paid | -$5.1B | -$6.6B | -$4.1B |
| Net cash from operating activities | $29.8B | $65.3B | $39.1B |
| Purchase of financial investments | -$502.4B | -$523.5B | -$563.6B |
| Proceeds from the sale and maturity of financial investments | $470.3B | $453.5B | $504.2B |
| Net cash flows from the purchase and sale of property, plant and equipment | -$1.4B | -$1.3B | -$1.1B |
| Net cash flows from disposal of loan portfolio and customer accounts | $0 | $0 | $623.0M |
| Net investment in intangible assets | -$3.2B | -$2.5B | -$2.5B |
| Net cash inflow on acquisition/disposal of subsidiaries, businesses, associates and joint ventures | $1.1B | $9.9B | $1.2B |
| Net cash outflow on acquisition/disposal of subsidiaries, businesses, associates and joint ventures | -$1.5B | -$12.6B | -$1.7B |
| Net cash from investing activities | -$37.1B | -$76.6B | -$62.9B |
| Issue of ordinary share capital and other equity instruments | $4.1B | $3.6B | $2.0B |
| Share buy-backs | -$9.1B | -$11.3B | -$5.8B |
| Net purchases of own shares for market-making and investment purposes | -$1.1B | -$541.0M | -$614.0M |
| Net cash flow from change in stake of subsidiaries | -$154.0M | $0 | -$19.0M |
| Redemption of preference shares and other equity instruments | -$2.5B | -$3.4B | -$4.0B |
| Subordinated loan capital issued | $3.8B | $4.4B | $5.2B |
| Subordinated loan capital repaid | -$3.6B | -$2.0B | -$2.1B |
| Dividends paid to shareholders of the parent company and non-controlling interests | -$13.5B | -$17.1B | -$12.2B |
| Net cash from financing activities | -$22.0B | -$26.5B | -$17.6B |
| Net decrease in cash and cash equivalents | -$29.3B | -$37.7B | -$41.4B |
| Exchange differences in respect of cash and cash equivalents | $27.2B | -$18.3B | $10.6B |
| Interest received | $99.6B | $110.1B | $98.9B |
| Interest paid, classified as operating activities | $68.8B | $81.7B | $66.0B |
| Dividends received from BoCom | $2.7B | $2.8B | $1.9B |
| Repayment of securities | -$3.6B | -$2.0B | -$2.1B |
| Foreign exchange gain (loss) | $1.4B | $1.6B | -$600.0M |
| Adjustments for fair value losses (gains) | $700.0M | $1.0B | -$800.0M |
Leadership
Who has led HSBC, and when. Pick a name to see everywhere that person has worked.
Chief executive
197019801990200020102020
- FounderThomas Sutherland1
- Chief executive officerNoel Quinn Mar 2020 to now1
- Chief executive officerJohn Flint Feb 2018 to Aug 20191
- Chief executive officerStuart Gulliver 2011 to Feb 20181
- Chief executive officerMichael Geoghegan 2006 to 20111
- Chief executive officerStephen Green, Baron Green of Hurstpierpoint 2003 to 20061
- Chief executive officerKeith Whitson 1998 to 20031
- Chief executive officerJohn Bond 1993 to 19981
- Chief executive officerWilliam Purves 1986 to 19931
- Chief executive officerNaina Lal Kidwai1
- ChairMark Tucker Sep 1, 2017 to now1
- ChairSir Douglas Flint 2010 to 20171
Products and brands
- commercial bank
Listed on Wikidata.1
Subsidiaries and ownership
Subsidiaries
- Coca-Cola Amatil
- HSBC Armenia
- HSBC Bank
- HSBC Bank
- HSBC Bank (China)
- HSBC Bank Argentina
- HSBC Bank Australia
- HSBC Bank Bermuda
- HSBC Bank Canada
- HSBC Bank Chile
- HSBC Bank Egypt
- HSBC Bank Malaysia
- HSBC Bank Malta
- HSBC Bank Middle East
- HSBC Bank USA
- HSBC Continental Europe
- HSBC Continental Europe, Poland
- HSBC Finance
- HSBC Life
- HSBC Mexico
- HSBC North America Holdings
- HSBC Private Bank
- HSBC Trinkaus & Burkhardt
- HSBC Turkey
All 29 subsidiaries
- HSBC UK
- HSBC UK Holdings
- HSBC_Bank Uruguay
- Hang Seng Bank
- The Hongkong and Shanghai Banking Corporation Limited
Divisions
- HSBC GLT India
Also owns
- Business Growth Fund 25%
- Electronic Payment Services 19.3%
- Bank of Communications 19%
- AMP Limited
- HSBC Bank Brasil S.A. - Banco Múltiplo
From Wikidata.1
Acquisitions
- 1990Acquired The Hongkong and Shanghai Banking Corporation Limited1
Employees over time
Former names
- HSBC HOLDINGS PLC \Feb 25, 2002 to Oct 1, 20026
Timeline
- Mar 2020New chief executive Noel Quinn becomes CEO1
- Feb 2018New chief executive John Flint becomes CEO1
- 2011New chief executive Stuart Gulliver becomes CEO1
- 2006New chief executive Michael Geoghegan becomes CEO1
- 2003New chief executive Stephen Green, Baron Green of Hurstpierpoint becomes CEO1
- 1998New chief executive Keith Whitson becomes CEO1
- 1993New chief executive John Bond becomes CEO1
- 1986New chief executive William Purves becomes CEO1
- 1865Founded Founded1
Recent filings
- Oct 14, 20266-K OVERSEAS REGULATORY ANNOUNCEMENT - BOARD MEETING
- Oct 13, 20266-K OVERSEAS REGULATORY ANNOUNCEMENT - GRANT OF AWARDS
- Oct 6, 20266-K TOTAL VOTING RIGHTS
- Oct 5, 2026144
- Sep 30, 20266-K NOTIFICATION OF ISSUANCE UNDER BLOCK LISTING
- Sep 30, 20266-K TOTAL VOTING RIGHTS
- Sep 28, 20266-K NOTICE OF REDEMPTION
- Sep 28, 20266-K DIRECTOR/PDMR SHAREHOLDING
- Sep 28, 20266-K TRANSACTION IN OWN SHARES- CONCLUSION OF BUY-BACK
- Sep 25, 20266-K CHANGES TO BOARD AND COMMITTEE COMPOSITION
- Sep 25, 20266-K TRANSACTION IN OWN SHARES
- Sep 24, 20266-K OVERSEAS REGULATORY ANNOUNCEMENT- GRANT OF OPTIONS
- Sep 24, 20266-K TRANSACTION IN OWN SHARES
- Sep 23, 20266-K TRANSACTION IN OWN SHARES
- Sep 22, 20266-K SENIOR NOTES ISSUANCE AND ADMISSION TO TRADING
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitehsbc.co.uk1
- Websitehsbc.com1
- X (Twitter)x.com/HSBC1
- Facebookwww.facebook.com/HSBC1
- Instagramwww.instagram.com/hsbc1
- YouTubewww.youtube.com/channel/UCTbuSzdKMgyVRjlr1EWE-gg1
- LinkedInwww.linkedin.com/company/hsbc1
- WikipediaHSBC
- WikidataQ190464
- SEC EDGARCIK 1089113
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataHSBC on Wikidata
- 2SEC EDGARHSBC filings on SEC EDGAR
- 3WikipediaHSBC on Wikipedia
- 4Wikimedia CommonsHSBC logo by HSBC, Public domain
- 5SEC EDGARHSBC 10-K for fiscal 2025
- 6SEC EDGARHSBC filings on SEC EDGAR
- 7Wikimedia CommonsHSBC photo by unknown, CC BY-SA 4.0
- 8SEC EDGARHSBC 10-K for fiscal 2018
- 9SEC EDGARHSBC 10-K for fiscal 2019
- 10SEC EDGARHSBC 10-K for fiscal 2020
- 11SEC EDGARHSBC 10-K for fiscal 2021
- 12SEC EDGARHSBC 10-K for fiscal 2022
- 13SEC EDGARHSBC 10-K for fiscal 2018