HKXCF (Hong Kong Exchanges and Clearing) Other Operating Expense: $391 Mil (TTM As of Mar. 2026)

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HKXCF Hong Kong Exchanges and Clearing Ltd HKXCF
87 GF Score
Price $52.23
GF Value $66.72
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Hong Kong Exchanges and Clearing Other Operating Expense?

Hong Kong Exchanges and Clearing HKXCF 87 Other Operating Expense is $391 Mil as of Mar. 2026. GuruFocus rates HKXCF with a GF Score™ of 87/100 and a GF Value™ of $66.72 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Hong Kong Exchanges and Clearing's Other Operating Expense for the three months ended in Mar. 2026 was $67 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $391 Mil.

Hong Kong Exchanges and Clearing's quarterly Other Operating Expense increased from Sep. 2025 ($63 Mil) to Dec. 2025 ($158 Mil) but then declined from Dec. 2025 ($158 Mil) to Mar. 2026 ($67 Mil).

Hong Kong Exchanges and Clearing's annual Other Operating Expense increased from Dec. 2023 ($325 Mil) to Dec. 2024 ($330 Mil) and increased from Dec. 2024 ($330 Mil) to Dec. 2025 ($350 Mil).

Hong Kong Exchanges and Clearing Other Operating Expense Historical Data

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The historical data trend for Hong Kong Exchanges and Clearing's Other Operating Expense 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.

Hong Kong Exchanges and Clearing Other Operating Expense Chart

Hong Kong Exchanges and Clearing Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 288.50 315.85 325.23 329.59 349.58

Hong Kong Exchanges and Clearing Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Other Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77.06 102.57 62.81 158.34 66.95
HKXCF
87GF Score
Hong Kong Exchanges and Clearing Ltd HKXCF
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Hong Kong Exchanges and Clearing Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $391 Mil.

* 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.

What does a Other Operating Expense of $391 Mil mean?
Hong Kong Exchanges and Clearing (HKXCF) has a Other Operating Expense of $391 Mil as of Mar. 2026. Other operating expenses that a company records on its income statement. View historical data on Hong Kong Exchanges and Clearing and its competitors.
Is Hong Kong Exchanges and Clearing's Other Operating Expense too high?
Hong Kong Exchanges and Clearing's current Other Operating Expense is $391 Mil. Overall, Hong Kong Exchanges and Clearing has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Exchanges and Clearing's Other Operating Expense compare to SPGI and CME?
Hong Kong Exchanges and Clearing's Other Operating Expense of $391 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for a Capital Markets company?
A good Other Operating Expense depends on the Capital Markets industry context. However, Other Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Hong Kong Exchanges and Clearing and its competitors. Hong Kong Exchanges and Clearing's current Other Operating Expense is $391 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Exchanges and Clearing stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Exchanges and Clearing (HKXCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $66.72, compared to a current price of $52.23 — trading 21.7% below its estimated fair value. The current Other Operating Expense is $391 Mil. Hong Kong Exchanges and Clearing's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Hong Kong Exchanges and Clearing (HKXCF), the current Other Operating Expense is $391 Mil 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 Hong Kong Exchanges and Clearing (HKXCF) Overvalued in 2026?

Based on GuruFocus' analysis, Hong Kong Exchanges and Clearing stock appears to be undervalued. The current stock price of $52.23 is trading 21.7% below its estimated GF Value™ of $66.72. GuruFocus considers Hong Kong Exchanges and Clearing to be Modestly Undervalued.

Key valuation signals for HKXCF:

  • Other Operating Expense: $391 Mil
  • GF Value™: $66.72 vs. price of $52.23 (21.7% below fair value)
  • GF Score™: 87/100 with 5 warning signs

No single metric tells the full story. See the HKXCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hong Kong Exchanges and Clearing Business Description

Address 8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG
Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
87GF Score

Get the complete analysis for HKXCF

Other Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$52.23
Price
$66.72
GF Value