Hsbc Holdings (HSBC) Tax Rate (2016 - 2022)
Hsbc Holdings (HSBC) posted Tax Rate of -21.14% for Q1 2026, down 0.96 percentage points from -20.18% a year earlier but up 2.60 percentage points from the prior quarter.
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Analysis
Hsbc Holdings (HSBC) Tax Rate (2016 - 2022) Analysis & Trends
For the trailing twelve months through Mar 31, 2026, Tax Rate at Hsbc Holdings was -22.97%, up 2.46 percentage points year-over-year; for FY2025, it was -22.66%, down 0.03 percentage points from FY2024.
- Annual Tax Rate has declined for four consecutive years, though with a five-year change of +7.85 percentage points (FY2020 to FY2025).
- In prior years, Hsbc Holdings' Tax Rate was -22.63% in FY2024 (-3.55 pp), -19.08% in FY2023 (-14.33 pp), -4.74% in FY2022 (-78.74 pp) and 74.00% in FY2021 (+104.51 pp).
- Quarterly Tax Rate has run from a low of -77.28% in Q4 2023 to a high of 11.20% in Q2 2022 over five years.
- On a year-over-year basis, Tax Rate increased in three of the last eight quarters, with an average year-over-year change of +4.70 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q4 2025, with a gain of 50.57 percentage points; the weakest was Q4 2023, with a drop of 69.59 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was -23.74% (Q4 2025), -24.56% (Q3 2025) and -23.00% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 23.12% |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 21.54% |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 23.07% |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 22.26% |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | 16.66% |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 22.60% |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 17.42% |
| 10 | American Express | 204.37 Bn | -3.81 Bn | - | 23.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2022 | 11.20% |
| Dec 31, 2019 | 39.71% |
| Jun 30, 2019 | 18.84% |
| Mar 31, 2019 | 20.97% |
| Dec 31, 2018 | 35.72% |
| Sep 30, 2018 | 23.74% |
| Jun 30, 2018 | 21.47% |
| Mar 31, 2018 | 167.40% |
| Sep 30, 2017 | 24.13% |
| Jun 30, 2017 | 18.82% |
| Sep 30, 2016 | 95.26% |
API Access
Hsbc Holdings Tax Rate 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=tax-rate&ticker=HSBC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=HSBC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();