HSBC Holdings (HSBC Holdings) Tax Rate % : 77.28% (As of Dec. 2023)

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What is HSBC Holdings Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. HSBC Holdings's Tax Expense for the three months ended in Dec. 2023 was $755 Mil. HSBC Holdings's Pre-Tax Income for the three months ended in Dec. 2023 was $977 Mil. Therefore, HSBC Holdings's Tax Rate % for the quarter that ended in Dec. 2023 was 77.28%.

HSBC Holdings Tax Rate % Historical Data

The historical data trend for HSBC Holdings's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HSBC Holdings Tax Rate % Chart

HSBC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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34.76

30.51

22.28

4.74

19.08

HSBC Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															7.68	14.43	19.68	18.77	77.28

HSBC Holdings Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

HSBC Holdings's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	5789	/	30348
	=	19.08 %

HSBC Holdings's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	755	/	977
	=	77.28 %

HSBC Holdings Tax Rate % Related Terms

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HSBC Holdings (HSBC Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HSBC Holdings PLC (NYSE:HSBC) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

HBCYF:USA 00005:Hong Kong HSBAl:UK HSBA:UK HBC1:Germany HBC1:Germany HBC1:Germany HBC2:Germany HBC1:Germany H1SB34:Brazil HSBC:Argentina

Address

8 Canada Square, London, GBR, E14 5HQ

Website

https://www.hsbc.com

Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and 40 million customers worldwide. It operates across 64 countries with around 220,000 full-time staff. Key regions include Asia, Europe, the Middle East and North Africa, and North America. The United Kingdom and Hong Kong are the two largest markets for the bank. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.