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HSBC Holdings PLC
HSBC Holdings PLC (HSBC) is listed on NYSE and classified in Banks - Diversified, part of the Financial Services sector. It is headquartered in London, United Kingdom and has 206,161 employees. The company is worth $314.26B and trades at 13.1x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $71.02B in fiscal 2025, up 5.4% from the year before. Net income was $22.29B. The share price is 14.9% below its 52-week high of $107.92. It pays a dividend yielding 4.08%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $39.85M. In that quarter, 1 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +241.7% over 5Y.
today you would have $4,250.08▲ +325.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $78.67 | $49.46 | $40.54 | $31.16 | |
| P/E | 8.2x | 13.1x | 8.0x | 7.1x | 8.4x |
| P/S | 12.6x | 19.0x | 13.2x | 12.1x | 11.6x |
| P/B | 4.5x | 6.8x | 4.8x | 4.2x | 3.5x |
| EPS | $6.00 | $6.20 | $5.70 | $3.70 | |
| Dividend yield | 5.43% | 4.19% | 8.29% | 6.54% | 4.33% |
| Payout | 50.75% | 55.00% | 66.13% | 46.49% | 36.49% |
| Profit margin | 33.48% | 31.38% | 35.58% | 36.47% | 28.96% |
| ROE | 11.97% | 11.24% | 12.96% | 12.70% | 8.75% |
Median of the years shown; P/E years above 200x are left out.
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 17.5% a year plus a 4.1% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 8.2 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 0.2% a year against a 7.0% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-31.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| MSMorgan Stanley | $183.97 | 14.6x | 2.7x | 2.50% | — | $288.94B |
| RYRoyal Bank of Canada | $202.06 | 17.7x | 2.9x | 1.21% | 16.21% | $279.74B |
| BACBank of America Corp | $51.08 | 12.1x | 1.3x | 2.51% | 10.73% | $357.19B |
| GSGoldman Sachs Group Inc | $891.30 | 12.8x | 2.4x | 2.24% | 17.75% | $259.52B |
| WFCWells Fargo & Company | $83.01 | 11.7x | 1.6x | 2.41% | 12.91% | $249.17B |
| MUFGMitsubishi Ufj Financial Group Inc | $21.41 | 14.0x | 1.7x | 2.52% | 9.46% | $240.99B |