Hong Kong Exchanges and Clearing Limited (HKXCF)

HKXCF 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	17,249	15,622	13,863	15,428	17,907	15,430
Other Revenue	6,656	6,643	6,529	2,845	2,846	3,621
Revenue	23,905	22,265	20,392	18,273	20,753	19,051
Revenue Growth (YoY)	19.34%	9.19%	11.60%	-11.95%	8.93%	17.02%
Cost of Revenue	971	950	877	794	777	704
Gross Profit	22,934	21,315	19,515	17,479	19,976	18,347
Selling, General & Admin	4,295	4,349	4,122	3,852	3,338	3,318
Other Operating Expenses	461	367	338	313	309	305
Operating Expenses	6,171	6,118	5,903	5,624	5,001	4,820
Operating Income	16,763	15,197	13,612	11,855	14,975	13,527
Interest Expense	-58	-63	-82	-87	-100	-128
Earnings From Equity Investments	70	88	82	71	80	69
Other Non Operating Income (Expenses)	-413	-383	-301	-218	-148	-169
EBT Excluding Unusual Items	16,362	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	16,376	14,853	13,332	11,659	14,841	13,332
Income Tax Expense	2,124	1,698	1,351	1,564	2,343	1,845
Earnings From Continuing Operations	14,252	13,155	11,981	10,095	12,498	11,487
Minority Interest in Earnings	-95	-105	-119	-17	37	18
Net Income	14,157	13,050	11,862	10,078	12,535	11,505
Net Income to Common	14,157	13,050	11,862	10,078	12,535	11,505
Net Income Growth	23.92%	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)	11.20	10.32	9.37	7.96	9.91	9.11
EPS (Diluted)	11.17	10.29	9.36	7.95	9.89	9.09
EPS Growth	23.97%	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	9.260	9.260	8.410	7.140	8.870	8.170
Dividend Growth	10.11%	10.11%	17.79%	-19.50%	8.57%	21.76%
Gross Margin	95.94%	95.73%	95.70%	95.66%	96.26%	96.30%
Operating Margin	70.12%	68.25%	66.75%	64.88%	72.16%	71.00%
Profit Margin	59.22%	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	17,173	15,618	14,079	12,293	15,382	13,906
EBITDA Margin	71.84%	70.15%	69.04%	67.27%	74.12%	72.99%
D&A For EBITDA	409.5	421	467	438	407	379
EBIT	16,763	15,197	13,612	11,855	14,975	13,527
EBIT Margin	70.12%	68.25%	66.75%	64.88%	72.16%	71.00%
Effective Tax Rate	12.97%	11.43%	10.13%	13.41%	15.79%	13.84%
Revenue as Reported	24,030	22,374	20,516	18,456	20,950	19,190

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.