Hong Kong Exchanges and Clearing Limited (HKG:0388)

HKG:0388 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	21,035	15,622	13,863	15,428	17,907	15,430
Other Revenue	6,938	6,643	6,529	2,845	2,846	3,621
Revenue	27,973	22,265	20,392	18,273	20,753	19,051
Revenue Growth (YoY)	34.88%	9.19%	11.60%	-11.95%	8.93%	17.02%
Cost of Revenue	1,008	950	877	794	777	704
Gross Profit	26,965	21,315	19,515	17,479	19,976	18,347
Selling, General & Admin	4,492	4,349	4,122	3,852	3,338	3,318
Other Operating Expenses	488	367	338	313	309	305
Operating Expenses	6,463	6,118	5,903	5,624	5,001	4,820
Operating Income	20,502	15,197	13,612	11,855	14,975	13,527
Interest Expense	-49	-63	-82	-87	-100	-128
Earnings From Equity Investments	38	88	82	71	80	69
Other Non Operating Income (Expenses)	-192	-383	-301	-218	-148	-169
EBT Excluding Unusual Items	20,299	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	20,313	14,853	13,332	11,659	14,841	13,332
Income Tax Expense	3,036	1,698	1,351	1,564	2,343	1,845
Earnings From Continuing Operations	17,277	13,155	11,981	10,095	12,498	11,487
Minority Interest in Earnings	-78	-105	-119	-17	37	18
Net Income	17,199	13,050	11,862	10,078	12,535	11,505
Net Income to Common	17,199	13,050	11,862	10,078	12,535	11,505
Net Income Growth	44.93%	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)	1,267	1,268	1,268	1,268	1,268	1,266
Shares Change (YoY)	-0.11%	-0.01%	0.01%	0.01%	0.14%	0.72%
EPS (Basic)	13.61	10.32	9.37	7.96	9.91	9.11
EPS (Diluted)	13.57	10.29	9.36	7.95	9.89	9.09
EPS Growth	44.98%	9.94%	17.74%	-19.62%	8.80%	21.69%
Free Cash Flow	-	11,170	10,114	13,672	11,270	13,418
Free Cash Flow Per Share	-	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	96.40%	95.73%	95.70%	95.66%	96.26%	96.30%
Operating Margin	73.29%	68.25%	66.75%	64.88%	72.16%	71.00%
Profit Margin	61.48%	58.61%	58.17%	55.15%	60.40%	60.39%
Free Cash Flow Margin	-	50.17%	49.60%	74.82%	54.31%	70.43%
EBITDA	20,889	15,618	14,079	12,293	15,382	13,906
EBITDA Margin	74.67%	70.15%	69.04%	67.27%	74.12%	72.99%
D&A For EBITDA	386.5	421	467	438	407	379
EBIT	20,502	15,197	13,612	11,855	14,975	13,527
EBIT Margin	73.29%	68.25%	66.75%	64.88%	72.16%	71.00%
Effective Tax Rate	14.95%	11.43%	10.13%	13.41%	15.79%	13.84%
Revenue as Reported	28,232	22,374	20,516	18,456	20,950	19,190

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.