Hsbc Holdings (HSBC) Net Margin (2009 - 2026)
Hsbc Holdings (HSBC) reported Net Margin of 38.08% for Q3 2026, up 10.68 percentage points from 27.39% a year earlier but down 4.83 percentage points from the prior quarter.
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Analysis
Hsbc Holdings (HSBC) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Hsbc Holdings' Net Margin came in at 47.92%, down 553.24 percentage points year-over-year; for FY2025, it came in at 28.14%, down 408.46 percentage points from FY2024.
- Net Margin has a five-year change of -57.19 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 436.60% in FY2024 (+6.04 pp), 430.56% in FY2023 (+102.95 pp), 327.61% in FY2022 (+304.29 pp) and 23.32% in FY2021 (-62.02 pp).
- Five-year quarterly Net Margin spans a low of 26.88% in Q2 2025 and a high of 3241.18% in Q1 2022.
- Year over year, Net Margin has now increased in each of the last three quarters, with an average year-over-year change of +42.29 percentage points over the last six quarters.
- The high point for year-over-year Net Margin in five years was Q1 2026 (a gain of 266.17 percentage points); the low point was Q1 2023 (a drop of 3176.93 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 42.91% (Q2 2026), 306.99% (Q1 2026) and 28.84% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 920.14 Bn | 897.90 Bn | - | 29.77% |
| 2 | Banco Santander Chile | 407.42 Bn | -7,109.68 Bn | - | - |
| 3 | Bank Of America | 353.20 Bn | -2,022.91 Bn | - | 21.83% |
| 4 | Hsbc Holdings | 307.88 Bn | -2,967.28 Bn | - | 38.08% |
| 5 | Morgan Stanley | 298.41 Bn | -244.41 Bn | - | 23.36% |
| 6 | Royal Bank Of Canada | 283.46 Bn | -546.54 Bn | - | 32.48% |
| 7 | Goldman Sachs | 264.45 Bn | -3,478.99 Bn | - | 27.42% |
| 8 | Mitsubishi Ufj Financial | 259.19 Bn | -159.36 Bn | 5.24 Bn | 30.67% |
| 9 | Wells Fargo & Company | 258.28 Bn | 93.72 Bn | - | 26.08% |
| 10 | American Express | 215.12 Bn | 14.60 Bn | - | 18.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.08% |
| Jun 30, 2026 | 42.91% |
| Mar 31, 2026 | 37.25% |
| Dec 31, 2025 | 28.84% |
| Sep 30, 2025 | 27.39% |
| Jun 30, 2025 | 26.88% |
| Mar 31, 2025 | 40.82% |
| Sep 30, 2024 | 36.09% |
| Jun 30, 2024 | 38.99% |
| Mar 31, 2024 | 59.19% |
| Sep 30, 2023 | 34.77% |
| Jun 30, 2023 | 40.52% |
| Mar 31, 2023 | 64.24% |
| Sep 30, 2022 | 17.23% |
| Jun 30, 2022 | 42.22% |
| Mar 31, 2022 | 22.10% |
| Dec 31, 2021 | 14.91% |
| Sep 30, 2021 | 29.50% |
| Jun 30, 2021 | 8,490.00% |
| Mar 31, 2021 | 29.88% |
API Access
Hsbc Holdings Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HSBC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HSBC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HSBC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();