Hong Kong Exchanges and Clearing Limited (BKK:HKEX23)

BKK:HKEX23 Income Statement

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	18,518	15,622	13,863	15,428	17,907	15,430
Other Revenue	7,073	6,643	6,529	2,845	2,846	3,621
Revenue	25,591	22,265	20,392	18,273	20,753	19,051
Revenue Growth (YoY)	25.27%	9.19%	11.60%	-11.95%	8.93%	17.02%
Cost of Revenue	989	950	877	794	777	704
Gross Profit	24,602	21,315	19,515	17,479	19,976	18,347
Selling, General & Admin	4,407	4,349	4,122	3,852	3,338	3,318
Other Operating Expenses	471	367	338	313	309	305
Operating Expenses	6,325	6,118	5,903	5,624	5,001	4,820
Operating Income	18,277	15,197	13,612	11,855	14,975	13,527
Interest Expense	-54	-63	-82	-87	-100	-128
Earnings From Equity Investments	57	88	82	71	80	69
Other Non Operating Income (Expenses)	-229	-383	-301	-218	-148	-169
EBT Excluding Unusual Items	18,051	14,839	13,311	11,621	14,807	13,299
Gain (Loss) on Sale of Assets	-1	-1	2	17	22	24
Other Unusual Items	15	15	19	21	12	9
Pretax Income	18,065	14,853	13,332	11,659	14,841	13,332
Income Tax Expense	2,534	1,698	1,351	1,564	2,343	1,845
Earnings From Continuing Operations	15,531	13,155	11,981	10,095	12,498	11,487
Minority Interest in Earnings	-87	-105	-119	-17	37	18
Net Income	15,444	13,050	11,862	10,078	12,535	11,505
Net Income to Common	15,444	13,050	11,862	10,078	12,535	11,505
Net Income Growth	32.28%	10.02%	17.70%	-19.60%	8.95%	22.51%
Shares Outstanding (Basic)	1,264	1,264	1,265	1,265	1,265	1,263
Shares Outstanding (Diluted)	1,268	1,268	1,268	1,268	1,268	1,266
Shares Change (YoY)	-0.02%	-0.01%	0.01%	0.01%	0.14%	0.72%
EPS (Basic)	12.22	10.32	9.37	7.96	9.91	9.11
EPS (Diluted)	12.18	10.29	9.36	7.95	9.89	9.09
EPS Growth	32.25%	9.94%	17.74%	-19.62%	8.80%	21.69%
Free Cash Flow	17,166	11,170	10,114	13,672	11,270	13,418
Free Cash Flow Per Share	13.54	8.81	7.98	10.79	8.89	10.60
Dividend Per Share	10.900	9.260	8.410	7.140	8.870	8.170
Dividend Growth	-14.64%	10.11%	17.79%	-19.50%	8.57%	21.76%
Gross Margin	96.14%	95.73%	95.70%	95.66%	96.26%	96.30%
Operating Margin	71.42%	68.25%	66.75%	64.88%	72.16%	71.00%
Profit Margin	60.35%	58.61%	58.17%	55.15%	60.40%	60.39%
Free Cash Flow Margin	67.08%	50.17%	49.60%	74.82%	54.31%	70.43%
EBITDA	18,743	15,618	14,079	12,293	15,382	13,906
EBITDA Margin	73.24%	70.15%	69.04%	67.27%	74.12%	72.99%
D&A For EBITDA	466	421	467	438	407	379
EBIT	18,277	15,197	13,612	11,855	14,975	13,527
EBIT Margin	71.42%	68.25%	66.75%	64.88%	72.16%	71.00%
Effective Tax Rate	14.03%	11.43%	10.13%	13.41%	15.79%	13.84%
Revenue as Reported	25,829	22,374	20,516	18,456	20,950	19,190

Source: S&P Global Market Intelligence. Standard template. Financial Sources.