HSBC Holdings plc

HSBCNYSEFinancial Services● Active

$91.64

+$0.84(+0.93%)

Market Cap$314.9B

P/E Ratio—

52W High$95.61

52W Low$58.14

Avg Volume1.9M

Open$92.13

Beta0.58

Overview

HSBC Holdings plc (HSBC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HSBC · free cash flow · updated Jun 8, 2026

Core FCF metrics

HSBC · FCF · TTM · margin & CAGR

Free cash flow was $25.11B for FY2025 (fiscal year ending 2025-12-31), down 59.1% year-over-year The FCF margin was 17.0%. Five-year CAGR stands at -32.5%.

FY2025 Free Cash Flow$25.11B▼ -59.1% YoY

Trailing 12M (TTM)$0trailing 4 quarters sum

FCF Margin17.0%$25.11B ÷ revenue

3-Year CAGR+4.5%FY2022 → FY2025

5-Year CAGR-32.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HSBC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$29.77B(4.66B)$25.11B▼ 59.1%17.0%

FY2024$65.31B(3.89B)$61.42B▲ +73.4%42.9%

FY2023$39.11B(3.69B)$35.42B▲ +60.8%27.4%

FY2022$26.43B(4.41B)$22.02B▼ 78.1%28.9%

FY2021$104.31B(3.56B)$100.75B▼ 43.6%136.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HSBC · P/FCF · FCF yield · FCF per share

HSBC Holdings plc (HSBC) valuation ratios are currently unavailable — market cap, share count, or TTM data could not be retrieved from our data provider.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

Valuation ratios are unavailable — market cap, share count, or TTM data could not be retrieved. Individual metrics are shown where available.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

HSBC · cash flow statement · operating / investing / financing

For FY2025, HSBC Holdings plc generated $29.77B in operating cash flow and spent 4.66B in capital expenditures, yielding $25.11B in free cash flow.

Operating Activities

+$29.77B

Cash from core business operations

2025-12-31

Investing Activities

−$37.07B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$21.96B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($29.77B) − |CapEx| (4.66B) = FCF ($25.11B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

HSBC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

HSBC Holdings plcYOU

HSBC

$25.11B-59.1%17.0%

25%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

HSBC Holdings plc (HSBC) reported free cash flow of $25.11B for FY2025 (fiscal year ending 2025-12-31), down 59.1% year-over-year. The FCF margin was 17.0%.

Based on available data, HSBC Holdings plc has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $178.71B in FY2020. The 5-year CAGR stands at -32.5%.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HSBC free cash flow · 8 questions

HSBC Holdings plc free cash flow was $25.11B for FY2025, down 59.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $0.

HSBC free cash flowHSBC FCFHSBC FCF 2025HSBC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · HSBC Holdings plc · HSBC Holdings plc SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026