Hang Seng Bank Limited

0011.HK

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

5,404

Cost of Revenue

3,964

Gross Profit

5,404

Gross Margin

100.0%

Operating Income

3,429

Operating Margin

63.5%

Net Income

2,389

Net Margin

44.2%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

EBITDA Margin

N/A

2023

12/31/2023

Revenue

4,495

Cost of Revenue

3,529

Gross Profit

5,307

Gross Margin

118.1%

Operating Income

2,596

Operating Margin

57.7%

Net Income

2,228

Net Margin

49.6%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

2,959

EBITDA Margin

65.8%

2022

12/31/2022

Revenue

3,472

Cost of Revenue

1,200

Gross Profit

3,472

Gross Margin

100.0%

Operating Income

1,685

Operating Margin

48.5%

Net Income

1,467

Net Margin

42.3%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

2,032

EBITDA Margin

58.5%

2021

12/31/2021

Revenue

7,390

Cost of Revenue

609

Gross Profit

3,973

Gross Margin

53.8%

Operating Income

2,118

Operating Margin

28.7%

Net Income

1,815

Net Margin

24.6%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

2,460

EBITDA Margin

33.3%

2020

12/31/2020

Revenue

8,479

Cost of Revenue

Gross Profit

8,479

Gross Margin

100.0%

Operating Income

2,572

Operating Margin

30.3%

Net Income

2,169

Net Margin

25.6%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

EBITDA Margin

N/A

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	5,404	4,495	3,472	7,390	8,479
Cost of Revenue	3,964	3,529	1,200	609	0
Gross Profit	5,404	5,307	3,472	3,973	8,479
Gross Margin	100.0%	118.1%	100.0%	53.8%	100.0%
Operating Income	3,429	2,596	1,685	2,118	2,572
Operating Margin	63.5%	57.7%	48.5%	28.7%	30.3%
Net Income	2,389	2,228	1,467	1,815	2,169
Net Margin	44.2%	49.6%	42.3%	24.6%	25.6%
EPS (Basic)	$1.00	$1.00	$1.00	$1.00	$1.00
EPS (Diluted)	$1.00	$1.00	$1.00	$1.00	$1.00
EBITDA	0	2,959	2,032	2,460	0
EBITDA Margin	N/A	65.8%	58.5%	33.3%	N/A