Market capitalisation
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Share price multiplied by shares outstanding. It does not measure company cash.
Company analysis·HSBA.L
Preparing the analysis
We’re preparing the company’s analysis.
LSE·HSBA.L
HSBC Holdings plc
Share price£13.05Price as of: Nov 6, 2026
HSBC Holdings plc (HSBA.L) is a company listed on LSE, classified under Banks - Diversified.
HSBC Holdings plc is a global, diversified bank with activities in retail, commercial, and investment banking.
Net revenue · FY 2025
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Sales generated during the period, before costs and expenses.
Net margin · FY 2025
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Net income as a proportion of revenue.
“Our take” and other explanations are generated with artificial intelligence from the data, without human review of each text. They are descriptive, not recommendations. Learn more
Explore questions
P1 · What does it do and how does it make money?
How this companymakes money.
$71bnnet revenue in FY 2025
—breakdown not available from our provider
32%of sales, in HONG KONG
Full fiscal year ended Dec 31, 2025
After that close
Q3 2026, ended Sep 30, 2026: total revenue +22.0% against the same quarter a year earlier.
This is the revenue of the whole company. The split by lines and regions on this page is still that of the full fiscal year.01How it makes money
Revenue breakdown not available
Our data provider does not have a revenue breakdown by business line for this company. This does not necessarily mean that the company does not publish this information.
03Where sales come from
Sales are spread across several regions.
HONG KONG is its largest market, with 31.7% of sales. Each square is a region and its area is what it sells there.
Regions from largest to smallest · FY 2025
$42bn (58.9%) of revenue has no segment assigned in the published data.
05Read with care
What we can deduce from the data. And what we cannot.
We can deduceWe cannot conclude
01
FY 2025’s sales growth depended on the United States (179.0% of the increase, but just 14.7% of revenue).
That the United States sets the group’s trend: it drove the increase, but Hong Kong is far larger and could dominate profit or risk.
02
Hong Kong leads in revenue share (77.2%) and still grew (+8.2%), but its explained contribution far exceeds total group growth due to France’s decline.
That only Hong Kong drives growth: while it holds the lion’s share, actual progress needed the US to offset external declines.
03
The group’s dependency is chiefly regional: in 2025 concentration was in Hong Kong, but actual risk by activity cannot be measured.
That regional diversification alone assures stability: if one business line dominates profit and it is clustered in a single region, real risk could be higher.
Our take
In 2025, HSBC’s progress relied on the US for growth despite its small share, while France limited improvement and Hong Kong remained the revenue stronghold.
- 01Shown by the figures
Weight and growth are misaligned
The United States, with just 14.7% of revenue, was essential for overall growth. Hong Kong remains the main market by size but did not set the pace for improvement.
- 02Shown by the figures
France held back total results
France’s downturn more than wiped out total group growth, forcing other regions' gains to cover for its decline. This skewed each market’s real contribution.
- 03Our interpretation
Missing split by business line
Only regional concentration and dependency can be measured, not by business line. The group’s true risk may lie in a single activity, but it cannot be seen here.
What is not proven
Is there a dominant business line in revenue or profit, and in which region is it concentrated?
See the calculations behind it
- Our source does not publish HSBC Holdings plc’s revenue by business line, so we cannot measure how much it depends on each activity.
- United States brought 179.0% of the growth in sales by region in FY 2025, weighing 14.7%.
With data to Nov 4, 2026. Analysis written by a language model from our calculations, which supply every figure. It is not investment advice.
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