HSBC (HSBC Holdings) Tax Rate %: 21.14% (As of Mar. 2026)

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HSBC HSBC Holdings PLC HSBC
63 GF Score
Price $99.18
GF Value $55.96
Valuation Significantly Overvalued
! 6 Warning Signs
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What is HSBC Holdings Tax Rate %?

HSBC Holdings HSBC +1.11% 63 Tax Rate % is 21.14% as of Mar. 2026. GuruFocus rates HSBC with a GF Score™ of 63/100 and a GF Value™ of $55.96 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. HSBC Holdings's Tax Expense for the three months ended in Mar. 2026 was $1,982 Mil. HSBC Holdings's Pre-Tax Income for the three months ended in Mar. 2026 was $9,376 Mil. Therefore, HSBC Holdings's Tax Rate % for the quarter that ended in Mar. 2026 was 21.14%.

HSBC Holdings Tax Rate % Related Terms

HSBC Holdings Tax Rate % Historical Data

* Premium members only.

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.

HSBC Holdings Tax Rate % Chart

HSBC Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.28 4.74 19.08 22.63 22.66

HSBC Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 20.18 23.00 24.56 23.74 21.14
HSBC
63GF Score
HSBC Holdings PLC HSBC
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=6776/29907
=22.66 %

HSBC Holdings's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=1982/9376
=21.14 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 21.14% mean?
HSBC Holdings (HSBC) has a Tax Rate % of 21.14% as of Mar. 2026.
Is HSBC Holdings' Tax Rate % too high?
HSBC Holdings' current Tax Rate % is 21.14%. Overall, HSBC Holdings has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HSBC Holdings' Tax Rate % compare to JPM and BAC?
HSBC Holdings' Tax Rate % of 21.14% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. HSBC Holdings's current Tax Rate % is 21.14%. 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 (HSBC) is currently considered Significantly Overvalued. The stock's GF Value™ is $55.96, compared to a current price of $99.18 — trading 77.2% above its estimated fair value. The current Tax Rate % is 21.14%. HSBC Holdings' overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For HSBC Holdings (HSBC), the current Tax Rate % is 21.14% 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 (HSBC) Overvalued in 2026?

Based on GuruFocus' analysis, HSBC Holdings stock appears to be overvalued. The current stock price of $99.18 is trading 77.2% above its estimated GF Value™ of $55.96. GuruFocus considers HSBC Holdings to be Significantly Overvalued.

Key valuation signals for HSBC:

  • Tax Rate %: 21.14%
  • GF Value™: $55.96 vs. price of $99.18 (77.2% above fair value)
  • GF Score™: 63/100 with 6 warning signs

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

HSBC Holdings Business Description

Address 8 Canada Square, London, GBR, E14 5HQ
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.
63GF Score

Get the complete analysis for HSBC

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$99.18
Price
$55.96
GF Value