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HSBC Holdings (BUE:HSBC) Tax Rate % : 74.31% (As of Dec. 2024)


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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. 2024 was ARS1,708,920 Mil. HSBC Holdings's Pre-Tax Income for the three months ended in Dec. 2024 was ARS2,299,770 Mil. Therefore, HSBC Holdings's Tax Rate % for the quarter that ended in Dec. 2024 was 74.31%.

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 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.51 22.28 4.74 19.08 22.63

HSBC Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % 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 77.28 14.33 23.33 20.38 74.31

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. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=7383100.074/32632090.326
=22.63 %

HSBC Holdings's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=1708920.017/2299770.023
=74.31 %

* 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 Tax Rate % Related Terms

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HSBC Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HSBC Holdings PLC (BUE:HSBC) » Definitions » Tax Rate %
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Traded in Other Exchanges
HBCYF:USA HSBC:USA HSHD:Singapore 00005:Hong Kong HSBAl:UK HSBA:UK HBC1:Germany H1SB34:Brazil HSBC.BH:Bermuda
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 in around 60 countries with around 220,000 full-time staff. The United Kingdom and Hong Kong are its two largest markets. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.