Hong Kong Exchanges and Clearing Limited (HKG: 0388)

Hong Kong Exchanges and Clearing Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	13,989	13,863	15,428	17,907	15,430	12,356
Other Revenue	6,452	6,529	2,845	2,846	3,621	3,924
Revenue	20,441	20,392	18,273	20,753	19,051	16,280
Revenue Growth (YoY)	2.56%	11.60%	-11.95%	8.93%	17.02%	2.93%
Cost of Revenue	917	877	794	777	704	647
Gross Profit	19,524	19,515	17,479	19,976	18,347	15,633
Selling, General & Admin	4,262	4,122	3,852	3,338	3,318	3,017
Other Operating Expenses	333	338	313	309	305	333
Operating Expenses	6,017	5,903	5,624	5,001	4,820	4,394
Operating Income	13,507	13,612	11,855	14,975	13,527	11,239
Interest Expense	-71	-82	-87	-100	-128	-125
Earnings From Equity Investments	91	82	71	80	69	32
Other Non Operating Income (Expenses)	-373	-301	-218	-148	-169	-103
EBT Excluding Unusual Items	13,154	13,311	11,621	14,807	13,299	11,043
Merger & Restructuring Charges	-	-	-	-	-	-123
Gain (Loss) on Sale of Assets	2	2	17	22	24	22
Other Unusual Items	19	19	21	12	9	9
Pretax Income	13,175	13,332	11,659	14,841	13,332	10,951
Income Tax Expense	1,376	1,351	1,564	2,343	1,845	1,561
Earnings From Continuing Operations	11,799	11,981	10,095	12,498	11,487	9,390
Minority Interest in Earnings	-124	-119	-17	37	18	1
Net Income	11,675	11,862	10,078	12,535	11,505	9,391
Net Income to Common	11,675	11,862	10,078	12,535	11,505	9,391
Net Income Growth	1.05%	17.70%	-19.60%	8.95%	22.51%	0.85%
Shares Outstanding (Basic)	1,265	1,265	1,265	1,265	1,263	1,254
Shares Outstanding (Diluted)	1,268	1,268	1,268	1,268	1,266	1,257
Shares Change (YoY)	-0.01%	0.01%	0.01%	0.14%	0.72%	0.95%
EPS (Basic)	9.23	9.37	7.96	9.91	9.11	7.49
EPS (Diluted)	9.21	9.36	7.95	9.89	9.09	7.47
EPS Growth	1.10%	17.74%	-19.62%	8.80%	21.69%	-0.13%
Free Cash Flow	10,076	10,114	13,672	11,270	13,418	8,971
Free Cash Flow Per Share	7.95	7.98	10.78	8.89	10.60	7.14
Dividend Per Share	8.270	8.410	7.140	8.870	8.170	6.710
Dividend Growth	0.98%	17.79%	-19.50%	8.57%	21.76%	0%
Gross Margin	95.51%	95.70%	95.65%	96.26%	96.30%	96.03%
Operating Margin	66.08%	66.75%	64.88%	72.16%	71.00%	69.04%
Profit Margin	57.12%	58.17%	55.15%	60.40%	60.39%	57.68%
Free Cash Flow Margin	49.29%	49.60%	74.82%	54.31%	70.43%	55.10%
EBITDA	13,953	14,079	12,293	15,382	13,906	11,606
EBITDA Margin	68.26%	69.04%	67.27%	74.12%	72.99%	71.29%
D&A For EBITDA	446	467	438	407	379	367
EBIT	13,507	13,612	11,855	14,975	13,527	11,239
EBIT Margin	66.08%	66.75%	64.88%	72.16%	71.00%	69.04%
Effective Tax Rate	10.44%	10.13%	13.41%	15.79%	13.84%	14.25%
Revenue as Reported	20,562	20,516	18,456	20,950	19,190	16,311

Source: S&P Capital IQ. Standard template. Financial Sources.