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Hsbc Holdings PLC (HSBC) stock

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NYSE: HSBC NYSE Diversified Banks

Hsbc Holdings PLC is a US-listed company in the diversified banks industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$72

Valuation models combined (6)

Base case. Range ~$46–$87. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Hsbc Holdings PLC valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 1 selling1 purchase and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds393 adding, 234 cuttingOf 34 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 55.7% while net income fell 7.5%: a 48pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 5.1% in a year, so each share owns more of the business.

Things to watch

  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results

Earnings per share
$2.10 against an average estimate of $2.25: missed by 6.6%
Next report
October 27, 2026; average EPS estimate $2.01

Hsbc Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.6%
  • 1 week-5.8%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

EPS (TTM, diluted)
$6.59

Growth

Share count change
−5.1%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for HSBC from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hsbc Holdings PLC valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Hsbc Holdings PLC as a bank or lender, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$74 ~$54–$100 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$83 ~$70–$100 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$78 ~$47–$110 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$46 ~$59–$88 Included
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$64 ~$73–$98 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$87 ~$73–$110 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$72 ~$46–$87 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hsbc Holdings PLC with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current — — $75.3bn +6%
Next — — $79.3bn +5%

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.25 $2.10 −6.6%
Jun 2026 $2.33 $2.25 −3.2%
Mar 2026 $2.16 $2.20 +1.8%
Dec 2025 $1.80 $1.85 +3.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

3 analysts, Nov 2026
Buy267%
Hold00%
Sell133%

Monthly trend

  1. Nov 20261113
  2. Oct 20261113
  3. Sep 20261113

Counts of recommendations published by analysts covering Hsbc Holdings PLC, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
—
of tradable shares
Days to cover
2.51
at average volume
Short interest, 1 month
−15%
to October 15, 2026
Held by institutions
2%
of shares
Held by insiders
0.0%
of shares
Employees
204,330
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$9.1B
Dividends (TTM)
$13.5B
Returned to shareholders
80%
of free cash flow
Buybacks, last 3 fiscal years
$26.3B
Diluted share count
−5.1%
year over year
Dividend payout ratio
58%
of net income paid out

Who owns it

Funds buying and selling
Reported value
$8B
Institutions reporting
704
Shares held vs prior quarter
▼ 0.3%
Positions opened / closed
117 / 52

Top buyers and sellers, Q2 2026: 393 institutions bought and 234 sold ; the biggest buyer was Goldman Sachs Group Inc (+1.0M shares) and the biggest seller Connor, Clark & Lunn Investment Management Ltd (−544K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Fisher Asset Management, LLC $1.8B 18.6M 22.1% ▲ 2.0%
Dimensional Fund Advisors LP $933M 9.8M 11.7% ▼ 1.6%
Morgan Stanley $768M 8.1M 9.6% ▲ 5.5%
Goldman Sachs Group Inc $538M 5.7M 6.7% ▲ 22.2%
FMR LLC $412M 4.3M 5.2% ▲ 14.8%
Northern Trust Corp $286M 3.0M 3.6% ▼ 1.2%
Sanders Capital, LLC $250M 2.6M 3.1% ▼ 6.2%
Blackrock, Inc. $236M 2.5M 2.9% ▼ 3.3%
Bank Of America Corp $228M 2.4M 2.9% ▲ 0.6%
American Century Companies Inc $158M 1.7M 2.0% ▼ 0.1%
Royal Bank Of Canada $122M 1.3M 1.5% ▼ 1.6%
Clearbridge Investments, LLC $101M 1.1M 1.3% ▼ 31.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hsbc Holdings PLC's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $206 1 trade by 1 insider, last 12 months Insider sales History → $418,758 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $418,552 net selling
Insider Date Trade Shares Price Value
Palomaki Daniel Scott Global Financial Controller May 7, 2026 Sell 23,123 $18.11 $418,758
Bingham Jonathan Global Financial Controller March 27, 2026 Buy 13 $15.81 $206

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 32 trades and filings

No trades in Hsbc Holdings PLC disclosed in the last 12 months; 32 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 14, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded June 17, 2025, filed August 13, 2025
  • Bruce Westerman(R-AR 4):Sale (full), $1,001 - $15,000, traded April 21, 2025, filed May 12, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Hsbc Holdings PLC was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hsbc Holdings PLC in brief

What does Hsbc Holdings PLC do?
Hsbc Holdings PLC is a US-listed company in the diversified banks industry. Its financial year ends in December.
What is Hsbc Holdings PLC's stock ticker?
Hsbc Holdings PLC trades under the ticker HSBC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Hsbc Holdings PLC's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Fisher Asset Management, LLC, Dimensional Fund Advisors LP and Morgan Stanley. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Hsbc Holdings PLC buying back stock, and does it pay a dividend?
Hsbc Holdings PLC spent $9.1B on share repurchases over the trailing twelve months, and its diluted share count fell 5.1% over the year.
Does Hsbc Holdings PLC pay a dividend?
Yes: Hsbc Holdings PLC paid $13.5B in dividends over the trailing twelve months and a payout ratio of 58.3%.
Are insiders buying or selling Hsbc Holdings PLC stock?
Over the last 12 months, Hsbc Holdings PLC's directors and officers reported 1 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.