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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AMTD Digital's retained earnings for the quarter that ended in Oct. 2025 was $254.68 Mil.
AMTD Digital's quarterly retained earnings
declined
from Oct. 2024 ($199.97 Mil) to Apr. 2025 ($0.00 Mil) but then
increased
from Apr. 2025 ($0.00 Mil) to Oct. 2025 ($254.68 Mil).
AMTD Digital's annual retained earnings
increased
from Apr. 2023 ($0.00 Mil) to Oct. 2024 ($199.97 Mil) and
increased
from Oct. 2024 ($199.97 Mil) to Oct. 2025 ($254.68 Mil).
AMTD Digital (NYSE:HKD) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
AMTD Digital Retained Earnings Historical Data
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The historical data trend for AMTD Digital's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $254.68 Mil mean?
AMTD Digital (HKD) has a Retained Earnings of $254.68 Mil as of Oct. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on AMTD Digital and its competitors.
Is AMTD Digital's Retained Earnings too high?
AMTD Digital's current Retained Earnings is $254.68 Mil. Overall, AMTD Digital has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AMTD Digital's Retained Earnings compare to ALIT and OOMA?
AMTD Digital's Retained Earnings of $254.68 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Software company?
A good Retained Earnings depends on the Software industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on AMTD Digital and its competitors. AMTD Digital's current Retained Earnings is $254.68 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMTD Digital stock overvalued right now?
Based on GuruFocus' analysis, AMTD Digital (HKD) is currently considered Possible Value Trap. The stock's GF Value™ is $4.80, compared to a current price of $1.68 — trading 65.1% below its estimated fair value. The current Retained Earnings is $254.68 Mil. AMTD Digital's overall GF Score™ is 63/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For AMTD Digital (HKD), the current Retained Earnings is $254.68 Mil as of Oct. 2025. 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 AMTD Digital (HKD) Overvalued in 2026?
Based on GuruFocus' analysis, AMTD Digital stock appears to be undervalued.
The current stock price of $1.68 is trading 65.1% below its estimated GF Value™ of $4.80.
GuruFocus considers AMTD Digital to be Possible Value Trap.
Key valuation signals for HKD:
Retained Earnings: $254.68 Mil
GF Value™: $4.80 vs. price of $1.68 (65.1% below fair value)
No single metric tells the full story. See the HKD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AMTD Digital Inc along with its subsidiaries, is mainly involved in the provision of digital solutions services. Its reportable segments are digital solutions services segment; hotel operations, hospitality and VIP services segment; media and entertainment services segment; and Strategic investments. The company generates maximum revenue from Digital solutions services segment, which provides its institutional and corporate clients with exclusive, paid access to enhance their investor communication, investor relations and corporate communication to potentially maximize their valuation, as well as providing digital solution services. Geographically, the company generates revenue from China, Hong Kong, Europe, Americas and Southeast Asia.
63GF Score
Get the complete analysis for HKD
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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