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HSBC Holdings vs Eastern Bankshares: HSBC and EBC compared
HSBC Holdings is the larger company: $18.6B of revenue in its latest quarter (Q3 2026) against $307M for Eastern Bankshares (Q3 2026). Eastern Bankshares is growing faster (+27% against +5% a year earlier). HSBC Holdings is more profitable, with an operating margin of 51.7% against 45.7%.
Where the money goes: HSBC and EBC
HSBC Holdings (HSBC) · Q3 2026
HSBC Holdings, Q3 2026: revenue $18.6B (+5% year over year), operating margin 51.7%, net earnings $7.6B. The chart follows the revenue to costs, profit and cash.
Eastern Bankshares (EBC) · Q3 2026
Eastern Bankshares, Q3 2026: revenue $307M (+27% year over year), operating margin 45.7%, net earnings $111M, operating cash flow $183M. The chart follows the revenue to costs, profit and cash.
| HSBC Holdings (HSBC) | Eastern Bankshares (EBC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $18.6B | $307M |
| Revenue growth, Y/Y | +5% | +27% |
| Operating margin | 51.7% | 45.7% |
| Net earnings | $7.6B | $111M |
| Net margin | 40.7% | 36.2% |
| Operating cash flow | — | $183M |
| Free cash flow | — | $178M |
| Market value | — | $4.6B |
| P/E | — | 12.3× |
| Analysts’ mean target | — | $25.62 |
Where the revenue comes from
HSBC Holdings
- Banking NII 1: $11.7B (63%)
- – Wholesale Transaction Banking: $2.9B (15%)
- – Wealth: $2.7B (14%)
- – Other: $1.5B (8%)
Questions
Which is bigger, HSBC Holdings or Eastern Bankshares?
HSBC Holdings is the larger company: $18.6B of revenue in its latest quarter (Q3 2026) against $307M for Eastern Bankshares (Q3 2026).
Is HSBC Holdings or Eastern Bankshares growing faster?
Eastern Bankshares is growing faster (+27% against +5% a year earlier).
Which is more profitable, HSBC Holdings or Eastern Bankshares?
HSBC Holdings is more profitable, with an operating margin of 51.7% against 45.7%.
More: HSBC Holdings earnings · how HSBC Holdings makes money · Eastern Bankshares earnings · how Eastern Bankshares makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Oct 27, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.