HSBC HoldingsBUE:HSBC +0.45%44 Net Margin % is 38.41% as of Mar. 2026, which is 78% above its 10-year median of 21.62. GuruFocus rates BUE:HSBC with a GF Score™ of 44/100 and a GF Value™ of ARS42,034.04 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,527 Banks companies, HSBC Holdings ranks better than 63.52% on this metric.
Net margin is calculated as Net Income divided by its Revenue. HSBC Holdings's Net Income for the
three
months ended in Mar. 2026 was ARS10,270,110 Mil. HSBC Holdings's Revenue for the
three
months ended in Mar. 2026 was ARS26,741,437 Mil. Therefore, HSBC Holdings's net margin for the quarter that ended in Mar. 2026 was 38.41%.
The historical rank and industry rank for HSBC Holdings's Net Margin % or its related term are showing as below:
BUE:HSBC'
s Net Margin % Range Over the Past 10 Years
Min: 4 Med: 21.62 Max: 36.47
Current: 30.83
BUE:HSBC's Net Margin % is ranked better than 63.52% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs BUE:HSBC: 30.83
HSBC Holdings (BUE:HSBC) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
HSBC Holdings Net Margin % Related Terms
HSBC Holdings Net Margin % Historical Data
* Premium members only.
The historical data trend for HSBC Holdings's Net Margin % 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.
BUE:HSBC vs JPM, BAC, WFC: Net Margin % Comparison
For the Banks - Diversified subindustry, HSBC Holdings's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
HSBC Holdings Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, HSBC Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where HSBC Holdings's Net Margin % falls into.
* 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.
HSBC Holdings (BUE:HSBC) has a Net Margin % of 38.41% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on HSBC Holdings and its competitors. This is 78% above median its historical median of 21.62. Over the past decade, HSBC Holdings' Net Margin % has ranged from 4.00 to 36.47. According to the industry distribution chart, HSBC Holdings ranks #557 out of 1527 companies in the Banks industry, placing it in the top 36.5%.
Is HSBC Holdings' Net Margin % too high?
HSBC Holdings' current Net Margin % of 38.41% is 78% above median its 10-year median of 21.62. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 36.47. The Banks industry median Net Margin % is 26.95. HSBC Holdings' value of 38.41% is 42.5% above this industry median. Based on the distribution chart, HSBC Holdings ranks #557 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, HSBC Holdings has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HSBC Holdings' Net Margin % compare to JPM and BAC?
According to the Banks industry distribution chart, HSBC Holdings ranks #557 out of 1527 companies for Net Margin %. This puts HSBC Holdings in the upper half of its industry. The industry median Net Margin % is 26.95. HSBC Holdings' value of 38.41% is 42.5% above this benchmark. Historically, HSBC Holdings' own Net Margin % has ranged from 4.00 to 36.47 over the past decade. While the company's 10-year median is 21.62 vs. the industry median of 26.95, HSBC Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HSBC Holdings's current Net Margin % of 38.41% is 42.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on HSBC Holdings and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HSBC Holdings's current Net Margin % is 38.41%, which is 78% above median its own 10-year median of 21.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HSBC Holdings stock overvalued right now?
Based on GuruFocus' analysis, HSBC Holdings (BUE:HSBC) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS42,034.04, compared to a current price of ARS73,200.00 — trading 74.1% above its estimated fair value. The current Net Margin % is 38.41%, which is 78% above median its 10-year median of 21.62 and 42.5% above the Banks industry median of 26.95. HSBC Holdings' overall GF Score™ is 44/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For HSBC Holdings (BUE:HSBC), the current Net Margin % is 38.41% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HSBC Holdings (BUE:HSBC) Overvalued in 2026?
Based on GuruFocus' analysis, HSBC Holdings stock appears to be overvalued.
The current stock price of ARS73,200.00 is trading 74.1% above its estimated GF Value™ of ARS42,034.04.
GuruFocus considers HSBC Holdings to be Significantly Overvalued.
Key valuation signals for BUE:HSBC:
Net Margin %: 38.41% (78% above median its 10-year median of 21.62)
GF Value™: ARS42,034.04 vs. price of ARS73,200.00 (74.1% above fair value)
Industry Position: 42.5% above the Banks median (#557 of 1527)
No single metric tells the full story. See the BUE:HSBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 over 40 million customers worldwide. It operates in more than 50 countries with over 200,000 full-time staff. Hong Kong and the United Kingdom are its two largest markets. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.
44GF Score
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