Hsbc Holdings (HSBC) Operating Margin (2009 - 2026)
Hsbc Holdings' Operating Margin came in at 48.15% for Q3 2026, up 10.46 percentage points from 37.69% a year earlier but down 4.10 percentage points from the prior quarter.
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Analysis
Hsbc Holdings (HSBC) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Hsbc Holdings reported Operating Margin of 59.94%, down 790.71 percentage points year-over-year; for FY2025, it was 37.33%, down 522.72 percentage points from FY2024.
- Operating Margin carries a five-year change of -119.85 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 560.05% in FY2024 (-26.15 pp), 586.20% in FY2023 (+258.84 pp), 327.36% in FY2022 (+298.02 pp) and 29.33% in FY2021 (-127.85 pp).
- The five-year range for quarterly Operating Margin is 30.38% (Q4 2022) to 4103.53% (Q1 2022).
- Year-over-year, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of +52.78 percentage points over the last six quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2026 (a gain of 329.56 percentage points), and the weakest in Q1 2023 (a drop of 4027.93 percentage points).
- Business Quant data shows HSBC's Operating Margin at 52.25% (Q2 2026), 380.62% (Q1 2026) and 37.48% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 920.14 Bn | 897.90 Bn | - | - |
| 2 | Banco Santander Chile | 407.42 Bn | -7,109.68 Bn | - | - |
| 3 | Bank Of America | 353.20 Bn | -2,022.91 Bn | - | - |
| 4 | Hsbc Holdings | 307.88 Bn | -2,967.28 Bn | - | 48.15% |
| 5 | Morgan Stanley | 298.41 Bn | -244.41 Bn | - | - |
| 6 | Royal Bank Of Canada | 283.46 Bn | -546.54 Bn | - | - |
| 7 | Goldman Sachs | 264.45 Bn | -3,478.99 Bn | - | - |
| 8 | Mitsubishi Ufj Financial | 259.19 Bn | -159.36 Bn | 5.24 Bn | 70.61% |
| 9 | Wells Fargo & Company | 258.28 Bn | 93.72 Bn | - | - |
| 10 | American Express | 215.12 Bn | 14.60 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 48.15% |
| Jun 30, 2026 | 52.25% |
| Mar 31, 2026 | 46.19% |
| Dec 31, 2025 | 37.48% |
| Sep 30, 2025 | 37.69% |
| Jun 30, 2025 | 38.10% |
| Mar 31, 2025 | 51.06% |
| Sep 30, 2024 | 46.29% |
| Jun 30, 2024 | 49.01% |
| Mar 31, 2024 | 69.06% |
| Sep 30, 2023 | 44.07% |
| Jun 30, 2023 | 48.34% |
| Mar 31, 2023 | 75.60% |
| Sep 30, 2022 | 22.79% |
| Jun 30, 2022 | 32.46% |
| Mar 31, 2022 | 27.98% |
| Dec 31, 2021 | 16.64% |
| Sep 30, 2021 | 38.98% |
| Jun 30, 2021 | 10,722.50% |
| Mar 31, 2021 | 37.69% |
API Access
Hsbc Holdings Operating 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=operating-margin&ticker=HSBC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=HSBC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();