Filing Flows › HSBC Holdings (HSBC) › FY2024
HSBC Holdings (HSBC) FY2024 earnings results (fiscal 2024)
20-F filed Feb 20, 2025
HSBC Holdings (HSBC) reported revenue of $65.9B for the fiscal 2024 (FY2024), -0.3% from a year earlier. Operating margin was 44.6%, net earnings $24.0B (36.4% of revenue).
HSBC Holdings, FY2024: revenue $65.9B (-0.3% year over year), operating margin 44.6%, net earnings $24.0B, operating cash flow $65.3B. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.9B | — | -0.3% |
| Operating profit | $29.4B | — | -4% |
| Net earnings | $24.0B | — | +2% |
| Operating cash flow | $65.3B | — | +67% |
| Free cash flow | $64.0B | — | +68% |
What changed
Revenue was $65.9B in FY2024, roughly flat year over year.
Operating profit was $29.4B, a 44.6% margin (down 1.6 points year over year). Total costs grew 3% against flat revenue. Net earnings were $24.0B, up 2% year over year. The effective tax rate was 22.6%.
Operating cash flow was $65.3B (up 67% year over year), 261% of net income including minority interests. Non-cash charges added back $0.53B of share-based compensation. Working capital and other items added $39.8B. Capital expenditures of $1.3B left free cash flow of $64.0B.
Questions
What was HSBC Holdings' revenue in the fiscal 2024?
HSBC Holdings (HSBC) reported revenue of $65.9B for the fiscal 2024 (FY2024), -0.3% from a year earlier.
Was HSBC Holdings profitable in the fiscal 2024?
Operating profit was $29.4B (44.6% of revenue) and net earnings $24.0B.
Source: HSBC Holdings 20-F on SEC EDGAR.