Hong Kong Exchanges and Clearing Limited (HKG:0388)

Revenue Breakdown

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Cash (Post-FY2022 Reporting) Revenue	15.57B	14.70B	9.42B
Cash (Post-FY2022 Reporting) Revenue Growth	5.86%	56.06%	15.41%
Derivatives (Post-FY2022 Reporting) Revenue	7.02B	6.86B	6.20B
Derivatives (Post-FY2022 Reporting) Revenue Growth	2.32%	10.62%	-4.58%
Commodities (Post-FY2022 Reporting) Revenue	3.46B	3.17B	2.79B
Commodities (Post-FY2022 Reporting) Revenue Growth	9.24%	13.74%	27.42%
Data & Connectivity (Post-FY2022 Reporting) Revenue	2.32B	2.27B	2.13B
Data & Connectivity (Post-FY2022 Reporting) Revenue Growth	2.33%	6.77%	2.56%
Corporate Items Revenue	2.13B	2.15B	1.83B
Corporate Items Revenue Growth	-0.97%	17.39%	15.42%

Revenue Breakdown 2

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Corporate Items Revenue	2.13B	2.15B	1.83B
Corporate Items Revenue Growth	-0.97%	17.39%	15.42%

Revenue by Geography

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Hong Kong Revenue	20.72B	14.67B
Hong Kong Revenue Growth	41.24%	10.11%
United Kingdom Revenue	2.95B	2.60B
United Kingdom Revenue Growth	13.71%	27.74%
Mainland China Revenue	77.00M	83.00M
Mainland China Revenue Growth	-7.23%	-9.78%

EBITDA

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Cash (Post-FY2022 Reporting) Segment EBITDA	14.24B	13.40B	8.17B
Cash (Post-FY2022 Reporting) Segment EBITDA Growth	6.27%	64.01%	16.25%
Derivatives (Post-FY2022 Reporting) Segment EBITDA	5.74B	5.60B	4.99B
Derivatives (Post-FY2022 Reporting) Segment EBITDA Growth	2.59%	12.16%	-7.64%
Commodities (Post-FY2022 Reporting) Segment EBITDA	2.20B	1.82B	1.57B
Commodities (Post-FY2022 Reporting) Segment EBITDA Growth	20.97%	15.76%	60.61%
Data & Connectivity (Post-FY2022 Reporting) Segment EBITDA	1.88B	1.83B	1.69B
Data & Connectivity (Post-FY2022 Reporting) Segment EBITDA Growth	2.51%	8.39%	3.49%
Corporate Items Segment EBITDA	70.00M	145.00M	-144.00M
Corporate Items Segment EBITDA Growth	-51.72%	-	-

EBITDA 2

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Corporate Items Segment EBITDA	70.00M	145.00M	-144.00M
Corporate Items Segment EBITDA Growth	-51.72%	-	-

Key Performance Indicators

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
ADT of Equity Products Traded on the Stock Exchange	231.50B	120.00B
ADT of Equity Products Traded on the Stock Exchange Growth	92.92%	28.75%
ADT of DWs, CBBCs and Warrants Traded on the Stock Exchange	18.30B	11.80B
ADT of DWs, CBBCs and Warrants Traded on the Stock Exchange Growth	55.08%	-
ADT Traded on the Stock Exchange (Headline ADT)	249.80B	131.80B
ADT Traded on the Stock Exchange (Headline ADT) Growth	89.53%	25.52%
ADT of Northbound Trading of Stock Connect	212.40B	150.10B
ADT of Northbound Trading of Stock Connect Growth	41.51%	38.60%
ADT of Southbound Trading of Stock Connect	121.10B	48.20B
ADT of Southbound Trading of Stock Connect Growth	151.25%	54.98%
ADV of Derivatives Contracts Traded on the Futures Exchange	783.00K	830.00K
ADV of Derivatives Contracts Traded on the Futures Exchange Growth	-5.66%	11.86%
ADV of Stock Options Contracts Traded on the Stock Exchange	880.00K	720.00K
ADV of Stock Options Contracts Traded on the Stock Exchange Growth	22.22%	17.65%
Chargeable ADV of Metals Contracts Traded on the LME (Lots)	717.00K	664.00K
Chargeable ADV of Metals Contracts Traded on the LME (Lots) Growth	7.98%	18.15%
ADT of Northbound Bond Connect	39.00B	41.60B
ADT of Northbound Bond Connect Growth	-6.25%	4.00%

Updated Mar 31, 2026. Data Source: Fiscal.ai.