Hsbc Holdings (HSBC) Tax Rate (2009 - 2026)
Hsbc Holdings' (HSBC) quarterly Tax Rate came in at 21.14% in Q1 2026, down 96.0% year-over-year from 528.48% in Q1 2025, and up 10.97% quarter-over-quarter from 23.74% in Q4 2025.
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Analysis
Hsbc Holdings (HSBC) Tax Rate (2009 - 2026) Analysis & Trends
Hsbc Holdings has disclosed Tax Rate across 18 years of filings, most recently posting 21.14% for Q1 2026.
- In Q1 2026, Tax Rate fell 96.0% year-over-year to 21.14%; the TTM figure through Mar 2026 stood at 22.97% (up 246.0% YoY), while the FY2025 annual figure was 22.66%, down 3.0% from the prior year.
- Tax Rate came in at 21.14% for Q1 2026 at Hsbc Holdings, up from 23.74% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 7.68% in Q4 2022 to a low of 77.28% in Q4 2023.
- Average Tax Rate over 5 years is 26.11%, with a median of 20.28% recorded in 2025.
- Year-over-year, Tax Rate tumbled 7510 bps in 2022 and jumped 5057 bps in 2025.
- Over 5 years, Tax Rate stood at 7.68% in 2022, then sank by 906 bps to 77.28% in 2023, then gained by 4 bps to 74.31% in 2024, then jumped by 68 bps to 23.74% in 2025, then increased by 11 bps to 21.14% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 21.14% in Q1 2026, 23.74% in Q4 2025, and 24.56% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Asml Holding | 618.86 Bn | 602.88 Bn | 5.90 Bn | - |
| 2 | Hsbc Holdings | 361.40 Bn | 361.40 Bn | - | - |
| 3 | General Electric | 329.38 Bn | 320.03 Bn | 6.95 Bn | 14.53% |
| 4 | Astrazeneca | 253.73 Bn | 248.44 Bn | 12.86 Bn | -10.40% |
| 5 | Citigroup | 228.07 Bn | -2,074.24 Bn | 24.75 Bn | 24.97% |
| 6 | Bhp | 216.09 Bn | 197.55 Bn | - | - |
| 7 | Rio Tinto | 203.71 Bn | 199.33 Bn | - | - |
| 8 | Diageo | 197.36 Bn | 195.32 Bn | - | - |
| 9 | Unilever | 139.15 Bn | 132.12 Bn | - | - |
| 10 | Hdfc Bank | 118.10 Bn | 80.95 Bn | - | 20.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -21.14% |
| Dec 31, 2025 | -23.74% |
| Sep 30, 2025 | -24.56% |
| Jun 30, 2025 | -23.00% |
| Mar 31, 2025 | -20.18% |
| Dec 31, 2024 | -74.31% |
| Sep 30, 2024 | -20.38% |
| Jun 30, 2024 | -23.33% |
| Mar 31, 2024 | -14.33% |
| Dec 31, 2023 | -77.28% |
| Sep 30, 2023 | -18.77% |
| Jun 30, 2023 | -19.68% |
| Mar 31, 2023 | -14.43% |
| Dec 31, 2022 | -7.68% |
| Sep 30, 2022 | -17.71% |
| Mar 31, 2022 | -17.18% |
| Dec 31, 2021 | 67.42% |
| Sep 30, 2021 | -21.49% |
| Jun 30, 2021 | -23.83% |
| Mar 31, 2021 | -20.96% |