HSBC Holdings PLC
HSBC Holdings plc engages in the provision of banking and financial products and services worldwide. It operates through four segments: Hong Kong, UK, Corporate and Institutional Banking, and International Wealth and Premier Banking. The Hong Kong segment is involved in the retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. The UK segment engages in UK retail b… Read more
HSBC Holdings PLC (HBCYF) - Net Assets
Latest net assets as of December 2025: $185.25 Billion USD
Based on the latest financial reports, HSBC Holdings PLC (HBCYF) has net assets worth $185.25 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.24 Trillion) and total liabilities ($3.05 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $185.25 Billion |
| % of Total Assets | 5.72% |
| Annual Growth Rate | 10.06% |
| 5-Year Change | -10.41% |
| 10-Year Change | 1.46% |
| Growth Volatility | 20.47 |
HSBC Holdings PLC - Net Assets Trend (1987–2025)
This chart illustrates how HSBC Holdings PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HSBC Holdings PLC (1987–2025)
The table below shows the annual net assets of HSBC Holdings PLC from 1987 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $185.25 Billion | -3.65% |
| 2024-12-31 | $192.27 Billion | -0.17% |
| 2023-12-31 | $192.61 Billion | -1.74% |
| 2022-12-31 | $196.03 Billion | -5.20% |
| 2021-12-31 | $206.78 Billion | +0.87% |
| 2020-12-31 | $205.00 Billion | +6.40% |
| 2019-12-31 | $192.67 Billion | -0.81% |
| 2018-12-31 | $194.25 Billion | -1.83% |
| 2017-12-31 | $197.87 Billion | +8.38% |
| 2016-12-31 | $182.58 Billion | -7.56% |
| 2015-12-31 | $197.52 Billion | -1.23% |
| 2014-12-31 | $199.98 Billion | +5.00% |
| 2013-12-31 | $190.46 Billion | +4.00% |
| 2012-12-31 | $183.13 Billion | +10.26% |
| 2011-12-31 | $166.09 Billion | +7.22% |
| 2010-12-31 | $154.91 Billion | +14.19% |
| 2009-12-31 | $135.66 Billion | +35.35% |
| 2008-12-31 | $100.23 Billion | -25.98% |
| 2007-12-31 | $135.42 Billion | +17.83% |
| 2006-12-31 | $114.93 Billion | +17.00% |
| 2005-12-31 | $98.23 Billion | -0.98% |
| 2004-12-31 | $99.20 Billion | +16.22% |
| 2003-12-31 | $85.35 Billion | +44.77% |
| 2002-12-31 | $58.96 Billion | +12.37% |
| 2001-12-31 | $52.47 Billion | -33.57% |
| 2000-12-31 | $78.98 Billion | +22.09% |
| 1999-12-31 | $64.69 Billion | +27.00% |
| 1998-12-31 | $50.94 Billion | +65.40% |
| 1997-12-31 | $30.80 Billion | +3.88% |
| 1996-12-31 | $29.65 Billion | +24.35% |
| 1995-12-31 | $23.84 Billion | +22.36% |
| 1994-12-31 | $19.48 Billion | +20.85% |
| 1993-12-31 | $16.12 Billion | +13.39% |
| 1992-12-31 | $14.22 Billion | +71.69% |
| 1991-12-31 | $8.28 Billion | +6.09% |
| 1990-12-31 | $7.81 Billion | +1.97% |
| 1989-12-31 | $7.66 Billion | +45.85% |
| 1988-12-31 | $5.25 Billion | +8.38% |
| 1987-12-31 | $4.84 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to HSBC Holdings PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 16987610600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $169.88 Billion | 95.55% |
| Common Stock | $8.60 Billion | 4.84% |
| Other Comprehensive Income | $-796.27 Million | -0.45% |
| Other Components | $111.18 Million | 0.06% |
| Total Equity | $177.79 Billion | 100.00% |
HSBC Holdings PLC Competitors by Market Cap
The table below lists competitors of HSBC Holdings PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TJX Cos.
LSE:0LCE
|
$174.20 Billion |
|
Novo Nordisk A/S
PINK:NONOF
|
$175.04 Billion |
|
Siemens Aktiengesellschaft
XETRA:SIE
|
$175.49 Billion |
|
Texas Instruments Incorporated
NASDAQ:TXN
|
$176.01 Billion |
|
The TJX Companies Inc
NYSE:TJX
|
$171.90 Billion |
|
Intuitive Surgical Inc
NASDAQ:ISRG
|
$170.40 Billion |
|
Ping An Insurance Company of China
PINK:PNGAY
|
$168.25 Billion |
|
Amphenol Corporation
NYSE:APH
|
$165.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HSBC Holdings PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 184,973,000,000 to 177,792,740,000, a change of -7,180,260,000 (-3.9%).
- Net income of 22,780,616,000 contributed positively to equity growth.
- Dividend payments of 13,781,838,000 reduced retained earnings.
- Share repurchases of 3,652,463,000 reduced equity.
- New share issuances of 4,096,000,000 increased equity.
- Other comprehensive income decreased equity by 796,271,000.
- Other factors decreased equity by 15,826,304,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $22.78 Billion | +12.81% |
| Dividends Paid | $13.78 Billion | -7.75% |
| Share Repurchases | $3.65 Billion | -2.05% |
| Share Issuances | $4.10 Billion | +2.3% |
| Other Comprehensive Income | $-796.27 Million | -0.45% |
| Other Changes | $-15.83 Billion | -8.9% |
| Total Change | $- | -3.88% |
Book Value vs Market Value Analysis
This analysis compares HSBC Holdings PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.36x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 44.56x to 1.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-12-31 | $0.23 | $10.25 | x |
| 1988-12-31 | $0.25 | $10.25 | x |
| 1989-12-31 | $0.36 | $10.25 | x |
| 1990-12-31 | $0.37 | $10.25 | x |
| 1991-12-31 | $0.39 | $10.25 | x |
| 1992-12-31 | $0.65 | $10.25 | x |
| 1993-12-31 | $0.74 | $10.25 | x |
| 1994-12-31 | $0.90 | $10.25 | x |
| 1995-12-31 | $1.11 | $10.25 | x |
| 1996-12-31 | $1.39 | $10.25 | x |
| 1997-12-31 | $1.46 | $10.25 | x |
| 1998-12-31 | $2.45 | $10.25 | x |
| 1999-12-31 | $3.13 | $10.25 | x |
| 2000-12-31 | $3.65 | $10.25 | x |
| 2001-12-31 | $2.46 | $10.25 | x |
| 2002-12-31 | $2.81 | $10.25 | x |
| 2003-12-31 | $3.99 | $10.25 | x |
| 2004-12-31 | $4.58 | $10.25 | x |
| 2005-12-31 | $4.96 | $10.25 | x |
| 2006-12-31 | $5.81 | $10.25 | x |
| 2007-12-31 | $6.87 | $10.25 | x |
| 2008-12-31 | $5.02 | $10.25 | x |
| 2009-12-31 | $6.88 | $10.25 | x |
| 2010-12-31 | $7.92 | $10.25 | x |
| 2011-12-31 | $8.51 | $10.25 | x |
| 2012-12-31 | $9.39 | $10.25 | x |
| 2013-12-31 | $9.75 | $10.25 | x |
| 2014-12-31 | $9.99 | $10.25 | x |
| 2015-12-31 | $9.66 | $10.25 | x |
| 2016-12-31 | $8.84 | $10.25 | x |
| 2017-12-31 | $9.48 | $10.25 | x |
| 2018-12-31 | $9.32 | $10.25 | x |
| 2019-12-31 | $9.09 | $10.25 | x |
| 2020-12-31 | $9.70 | $10.25 | x |
| 2021-12-31 | $9.77 | $10.25 | x |
| 2022-12-31 | $8.90 | $10.25 | x |
| 2023-12-31 | $9.46 | $10.25 | x |
| 2024-12-31 | $10.01 | $10.25 | x |
| 2025-12-31 | $7.52 | $10.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HSBC Holdings PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.11%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 18.21x
- Recent ROE (12.81%) is above the historical average (11.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 15.24% | 0.00% | 0.00x | 23.11x | $636.86 Million |
| 1993 | 19.35% | 0.00% | 0.00x | 22.22x | $1.29 Billion |
| 1994 | 19.03% | 0.00% | 0.00x | 18.68x | $1.52 Billion |
| 1995 | 18.39% | 0.00% | 0.00x | 16.94x | $1.74 Billion |
| 1996 | 22.72% | 344.41% | 0.00x | 15.58x | $3.31 Billion |
| 1997 | 22.58% | 282.36% | 0.00x | 17.42x | $3.42 Billion |
| 1998 | 15.76% | 0.00% | 0.00x | 17.63x | $2.63 Billion |
| 1999 | 14.99% | 0.00% | 0.00x | 17.04x | $2.91 Billion |
| 2000 | 14.54% | 0.00% | 0.00x | 14.79x | $3.09 Billion |
| 2001 | 11.76% | 20.15% | 0.04x | 16.25x | $808.10 Million |
| 2002 | 11.91% | 22.92% | 0.03x | 15.62x | $1.00 Billion |
| 2003 | 11.79% | 21.05% | 0.04x | 15.04x | $1.33 Billion |
| 2004 | 15.84% | 16.55% | 0.06x | 14.97x | $4.99 Billion |
| 2005 | 15.41% | 16.29% | 0.06x | 16.25x | $5.00 Billion |
| 2006 | 15.49% | 13.76% | 0.07x | 17.17x | $5.95 Billion |
| 2007 | 14.93% | 13.53% | 0.06x | 18.37x | $6.32 Billion |
| 2008 | 4.80% | 4.04% | 0.04x | 27.01x | $-4.87 Billion |
| 2009 | 4.55% | 7.65% | 0.03x | 18.43x | $-7.00 Billion |
| 2010 | 8.91% | 12.88% | 0.04x | 16.62x | $-1.61 Billion |
| 2011 | 10.58% | 16.27% | 0.04x | 16.10x | $924.50 Million |
| 2012 | 7.68% | 17.81% | 0.03x | 15.36x | $-4.07 Billion |
| 2013 | 8.91% | 20.63% | 0.03x | 14.69x | $-1.98 Billion |
| 2014 | 7.19% | 18.56% | 0.03x | 13.83x | $-5.36 Billion |
| 2015 | 7.17% | 18.72% | 0.03x | 12.79x | $-5.32 Billion |
| 2016 | 1.41% | 3.36% | 0.03x | 13.54x | $-15.06 Billion |
| 2017 | 5.68% | 16.84% | 0.03x | 13.26x | $-8.23 Billion |
| 2018 | 7.37% | 21.53% | 0.02x | 13.73x | $-4.90 Billion |
| 2019 | 4.01% | 13.84% | 0.02x | 14.76x | $-11.01 Billion |
| 2020 | 2.66% | 12.57% | 0.01x | 15.19x | $-14.42 Billion |
| 2021 | 7.02% | 27.89% | 0.02x | 14.92x | $-5.91 Billion |
| 2022 | 8.75% | 33.56% | 0.02x | 16.68x | $-2.22 Billion |
| 2023 | 12.70% | 41.76% | 0.02x | 16.40x | $5.00 Billion |
| 2024 | 12.96% | 16.73% | 0.05x | 16.31x | $5.48 Billion |
| 2025 | 12.81% | 15.11% | 0.05x | 18.21x | $5.00 Billion |
Industry Comparison
This section compares HSBC Holdings PLC's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $245,254,219,103
- Average return on equity (ROE) among peers: 10.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HSBC Holdings PLC (HBCYF) | $185.25 Billion | 15.24% | 16.48x | $173.52 Billion |
| ABN AMRO Bank N.V (AAVMY) | $27.04 Billion | 8.33% | 14.28x | $11.03 Billion |
| Agricultural Bank of China PK (ACGBY) | $290.54 Billion | 17.72% | 23.14x | $259.69 Billion |
| ANZ Group Holdings Limited (ANZGY) | $70.02 Billion | 10.15% | 14.79x | $48.69 Billion |
| Bank of America Corp (BAC) | $270.07 Billion | 11.84% | 10.74x | $338.02 Billion |
| Bank of China Ltd H (BACHF) | $861.54 Billion | 16.21% | 13.72x | $77.92 Billion |
| Banco Bilbao Vizcaya Argentaria S.A (BBVXF) | $4.73 Billion | 9.43% | 14.29x | $81.72 Billion |
| Banco Santander S.A (BCDRF) | $73.87 Billion | 12.11% | 14.03x | $86.81 Billion |
| Barclays PLC (BCLYF) | $808.57 Billion | 0.43% | 0.14x | $42.51 Billion |
| Bancorp. of Southern Indiana (BCSO) | $46.62 Million | 6.99% | 9.62x | $74.68 Million |
| The Bank of New York Mellon Corporation (BK) | $46.12 Billion | 7.84% | 9.18x | $79.57 Billion |