Hong Kong Exchanges and Clearing Ltd
HKEX:388

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Hong Kong Exchanges and Clearing Ltd Logo
Hong Kong Exchanges and Clearing Ltd
HKEX:388
Watchlist
Price: 401.4 HKD -0.35% Market Closed
Market Cap: 508.9B HKD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+12%
5Y
+41%
10Y
+79%
Operating Income
+
3Y
+7%
5Y
+41%
10Y
+72%
Net Income
+
3Y
+44%
5Y
+64%
10Y
+124%

Earnings Waterfall
Hong Kong Exchanges and Clearing Ltd

Revenue
20.3B HKD
Operating Expenses
-7.5B HKD
Operating Income
12.8B HKD
Other Expenses
2.6B HKD
Net Income
15.4B HKD

Income Statement
Hong Kong Exchanges and Clearing Ltd

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Income Statement
Currency: HKD
Dec-2001 Jun-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025
Revenue
Interest Expense
69
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24
44
90
135
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
96
0
0
0
94
0
0
0
82
0
0
0
72
0
0
0
66
0
0
0
60
0
0
Revenue
1 406
N/A
1 356
-4%
1 338
-1%
1 634
+22%
1 322
-19%
1 733
+31%
1 550
-11%
1 763
+14%
1 892
+7%
1 918
+1%
1 976
+3%
1 952
-1%
1 993
+2%
2 142
+7%
2 173
+1%
2 378
+9%
2 711
+14%
2 837
+5%
3 248
+14%
3 657
+13%
4 217
+15%
5 383
+28%
6 658
+24%
7 409
+11%
7 687
+4%
7 307
-5%
6 481
-11%
5 841
-10%
5 943
+2%
6 142
+3%
6 414
+4%
6 796
+6%
6 696
-1%
6 662
-1%
7 094
+6%
7 301
+3%
7 529
+3%
7 817
+4%
7 357
-6%
7 316
-1%
7 107
-3%
6 622
-7%
6 432
-3%
6 790
+6%
7 222
+6%
7 726
+7%
8 131
+5%
8 298
+2%
8 231
-1%
8 556
+4%
9 127
+7%
9 559
+5%
11 321
+18%
12 187
+8%
12 233
+0%
12 159
-1%
11 032
-9%
10 503
-5%
10 398
-1%
10 484
+1%
10 521
+0%
10 967
+4%
11 574
+6%
12 718
+10%
13 580
+7%
14 065
+4%
14 252
+1%
13 898
-2%
13 922
+0%
13 703
-2%
13 565
-1%
14 214
+5%
14 449
+2%
15 731
+9%
16 835
+7%
18 270
+9%
18 946
+4%
19 430
+3%
19 471
+0%
18 579
-5%
18 209
-2%
17 037
-6%
16 934
-1%
16 351
-3%
16 004
-2%
15 903
-1%
15 445
-3%
15 277
-1%
15 649
+2%
15 952
+2%
17 346
+9%
18 995
+10%
20 318
+7%
Operating Income
Operating Expenses
(965)
(972)
(980)
(1 241)
(1 076)
(1 313)
(1 051)
(1 038)
(954)
(959)
(967)
(966)
(957)
(953)
(925)
(930)
(927)
(923)
(912)
(917)
(925)
(914)
(918)
(1 056)
(1 201)
(1 344)
(1 457)
(1 430)
(1 612)
(1 463)
(1 493)
(1 524)
(1 509)
(1 531)
(1 612)
(1 669)
(1 752)
(1 817)
(1 715)
(1 893)
(1 928)
(1 948)
(2 075)
(2 498)
(2 652)
(2 968)
(3 273)
(3 384)
(3 496)
(3 559)
(3 667)
(3 718)
(3 843)
(3 989)
(4 032)
(4 111)
(4 101)
(4 070)
(4 204)
(4 151)
(4 204)
(4 251)
(4 417)
(4 521)
(4 626)
(4 777)
(4 841)
(4 930)
(4 989)
(4 986)
(5 075)
(5 274)
(5 366)
(5 399)
(5 619)
(5 747)
(5 882)
(5 951)
(5 860)
(5 972)
(6 181)
(6 379)
(6 564)
(6 732)
(6 758)
(6 819)
(7 019)
(7 142)
(7 245)
(7 308)
(7 394)
(7 498)
(7 487)
Selling, General & Administrative
(937)
(911)
(911)
(1 145)
(930)
(1 139)
(911)
(893)
(867)
(878)
(888)
(890)
(897)
(900)
(892)
(937)
(962)
(985)
(1 012)
(1 045)
(1 098)
(1 174)
(1 208)
(1 282)
(1 311)
(1 296)
(1 234)
(1 205)
(1 227)
(1 251)
(1 285)
(1 314)
(1 299)
(1 319)
(1 398)
(1 449)
(1 529)
(1 591)
(1 600)
(1 665)
(1 708)
(1 722)
(1 804)
(1 968)
(2 120)
(2 314)
(2 521)
(2 582)
(2 647)
(2 707)
(2 748)
(2 786)
(2 873)
(2 973)
(2 971)
(3 018)
(2 993)
(2 936)
(3 028)
(2 999)
(3 029)
(3 092)
(3 186)
(3 298)
(3 401)
(3 546)
(3 669)
(3 695)
(3 693)
(3 618)
(3 597)
(3 659)
(3 716)
(3 839)
(3 953)
(4 021)
(4 072)
(4 096)
(4 053)
(4 125)
(4 294)
(4 436)
(4 584)
(4 699)
(4 713)
(4 772)
(4 936)
(5 068)
(5 116)
(5 172)
(5 231)
(5 198)
(5 328)
Depreciation & Amortization
(153)
(153)
(163)
(210)
(178)
(224)
(182)
(181)
(182)
(183)
(183)
(183)
(177)
(171)
(151)
(132)
(116)
(101)
(100)
(98)
(92)
(85)
(79)
(80)
(87)
(99)
(110)
(111)
(108)
(104)
(101)
(103)
(106)
(106)
(107)
(106)
(104)
(98)
(90)
(93)
(96)
(111)
(158)
(245)
(335)
(419)
(507)
(555)
(598)
(636)
(647)
(646)
(648)
(666)
(684)
(709)
(741)
(757)
(771)
(758)
(751)
(745)
(858)
(863)
(874)
(887)
(762)
(830)
(879)
(952)
(1 044)
(1 070)
(1 094)
(1 105)
(1 197)
(1 250)
(1 314)
(1 376)
(1 354)
(1 381)
(1 409)
(1 420)
(1 459)
(1 470)
(1 461)
(1 468)
(1 443)
(1 423)
(1 422)
(1 406)
(1 402)
(1 415)
(1 447)
Other Operating Expenses
124
92
94
114
32
49
42
36
95
101
105
106
117
118
119
140
151
163
199
226
265
345
370
306
197
51
(114)
(114)
(278)
(109)
(107)
(107)
(104)
(106)
(107)
(114)
(119)
(128)
(25)
(135)
(124)
(115)
(113)
(285)
(197)
(235)
(245)
(247)
(251)
(216)
(272)
(286)
(322)
(350)
(377)
(384)
(367)
(377)
(405)
(394)
(424)
(414)
(373)
(360)
(351)
(344)
(410)
(405)
(417)
(416)
(434)
(545)
(556)
(455)
(469)
(476)
(496)
(479)
(453)
(466)
(478)
(523)
(521)
(563)
(584)
(579)
(640)
(651)
(707)
(730)
(761)
(885)
(712)
Operating Income
440
N/A
384
-13%
359
-6%
393
+9%
246
-37%
420
+71%
499
+19%
725
+45%
937
+29%
959
+2%
1 010
+5%
985
-2%
1 036
+5%
1 189
+15%
1 248
+5%
1 448
+16%
1 784
+23%
1 914
+7%
2 335
+22%
2 740
+17%
3 292
+20%
4 469
+36%
5 740
+28%
6 353
+11%
6 486
+2%
5 963
-8%
5 024
-16%
4 411
-12%
4 331
-2%
4 680
+8%
4 921
+5%
5 272
+7%
5 187
-2%
5 131
-1%
5 482
+7%
5 632
+3%
5 777
+3%
6 000
+4%
5 642
-6%
5 423
-4%
5 179
-4%
4 674
-10%
4 357
-7%
4 292
-1%
4 570
+6%
4 758
+4%
4 858
+2%
4 914
+1%
4 735
-4%
4 997
+6%
5 460
+9%
5 841
+7%
7 478
+28%
8 198
+10%
8 201
+0%
8 048
-2%
6 931
-14%
6 433
-7%
6 194
-4%
6 333
+2%
6 317
0%
6 716
+6%
7 157
+7%
8 197
+15%
8 954
+9%
9 288
+4%
9 411
+1%
8 968
-5%
8 933
0%
8 717
-2%
8 490
-3%
8 940
+5%
9 083
+2%
10 332
+14%
11 216
+9%
12 523
+12%
13 064
+4%
13 479
+3%
13 611
+1%
12 607
-7%
12 028
-5%
10 658
-11%
10 370
-3%
9 619
-7%
9 246
-4%
9 084
-2%
8 426
-7%
8 135
-3%
8 404
+3%
8 644
+3%
9 952
+15%
11 497
+16%
12 831
+12%
Pre-Tax Income
Interest Income Expense
382
351
291
361
337
385
306
343
217
262
241
193
293
307
319
389
414
488
628
741
860
1 001
1 244
1 383
1 376
1 192
999
765
734
723
621
612
454
501
472
458
555
375
390
506
535
761
655
596
445
338
570
376
505
511
696
527
555
557
671
602
548
622
686
791
1 030
1 180
1 574
1 414
1 443
1 605
1 569
1 934
2 153
2 257
2 636
1 662
1 922
1 928
2 169
2 588
2 070
1 589
1 284
883
553
733
1 340
2 761
3 876
4 763
4 975
4 724
4 771
4 772
4 955
4 879
5 234
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
69
69
(95)
(95)
(163)
0
0
0
0
0
0
0
0
0
0
0
(19)
(110)
(128)
(137)
0
(28)
0
0
0
54
0
77
154
100
545
522
445
445
0
0
0
0
0
0
0
0
0
0
0
0
(130)
(123)
0
0
7
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
206
206
206
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
206
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(30)
0
0
0
(182)
(47)
(47)
(47)
(195)
0
0
0
(116)
0
0
0
(81)
0
0
0
(121)
0
0
0
(97)
0
0
0
(52)
0
0
0
(53)
0
0
0
(54)
0
0
0
(51)
0
0
0
(69)
0
0
0
(54)
0
0
Pre-Tax Income
822
N/A
734
-11%
650
-11%
754
+16%
583
-23%
805
+38%
805
+0%
1 068
+33%
1 154
+8%
1 220
+6%
1 251
+3%
1 178
-6%
1 329
+13%
1 495
+13%
1 567
+5%
1 838
+17%
2 198
+20%
2 402
+9%
2 963
+23%
3 481
+17%
4 359
+25%
5 676
+30%
7 191
+27%
8 011
+11%
7 930
-1%
7 061
-11%
5 928
-16%
5 013
-15%
5 065
+1%
5 402
+7%
5 542
+3%
5 884
+6%
5 641
-4%
5 632
0%
5 954
+6%
6 090
+2%
6 332
+4%
6 375
+1%
6 032
-5%
5 910
-2%
5 604
-5%
5 307
-5%
4 845
-9%
4 888
+1%
4 987
+2%
5 096
+2%
5 246
+3%
5 243
0%
5 247
+0%
5 461
+4%
6 038
+11%
6 522
+8%
8 133
+25%
9 300
+14%
9 278
0%
9 095
-2%
7 924
-13%
7 055
-11%
6 799
-4%
7 124
+5%
7 347
+3%
7 896
+7%
8 610
+9%
9 611
+12%
10 397
+8%
10 893
+5%
10 883
0%
10 902
+0%
11 086
+2%
10 844
-2%
10 951
+1%
10 602
-3%
11 005
+4%
12 267
+11%
13 332
+9%
15 111
+13%
15 134
+0%
15 068
0%
14 841
-2%
13 490
-9%
12 581
-7%
11 391
-9%
11 659
+2%
12 380
+6%
13 122
+6%
13 847
+6%
13 332
-4%
12 859
-4%
13 175
+2%
13 416
+2%
14 853
+11%
16 376
+10%
18 065
+10%
Net Income
Tax Provision
(82)
(71)
(61)
(77)
(69)
(101)
(112)
(152)
(180)
(187)
(194)
(188)
(198)
(225)
(227)
(265)
(321)
(348)
(445)
(518)
(618)
(820)
(1 022)
(1 115)
(1 117)
(970)
(800)
(700)
(723)
(795)
(838)
(887)
(866)
(863)
(917)
(942)
(969)
(995)
(939)
(907)
(879)
(815)
(761)
(794)
(791)
(704)
(700)
(684)
(675)
(808)
(900)
(986)
(1 266)
(1 390)
(1 347)
(1 308)
(1 104)
(1 023)
(1 058)
(1 098)
(1 100)
(1 162)
(1 255)
(1 412)
(1 495)
(1 576)
(1 592)
(1 558)
(1 617)
(1 608)
(1 561)
(1 561)
(1 584)
(1 712)
(1 845)
(2 055)
(2 292)
(2 327)
(2 343)
(2 156)
(1 843)
(1 623)
(1 564)
(1 512)
(1 488)
(1 498)
(1 351)
(1 313)
(1 376)
(1 432)
(1 698)
(2 124)
(2 534)
Income from Continuing Operations
740
664
589
677
514
704
693
916
975
1 034
1 057
989
1 130
1 271
1 340
1 573
1 877
2 054
2 519
2 962
3 741
4 857
6 169
6 897
6 813
6 091
5 129
4 313
4 341
4 608
4 704
4 997
4 775
4 769
5 037
5 148
5 363
5 380
5 093
5 003
4 725
4 492
4 084
4 094
4 196
4 392
4 546
4 559
4 572
4 653
5 138
5 536
6 867
7 910
7 931
7 787
6 820
6 032
5 741
6 026
6 247
6 734
7 355
8 199
8 902
9 317
9 291
9 344
9 469
9 236
9 390
9 041
9 421
10 555
11 487
13 056
12 842
12 741
12 498
11 334
10 738
9 768
10 095
10 868
11 634
12 349
11 981
11 546
11 799
11 984
13 155
14 252
15 531
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6
13
19
25
27
26
26
26
25
26
26
27
28
27
30
33
49
51
50
45
21
14
7
4
1
4
(2)
4
18
27
40
45
37
29
23
5
(17)
(50)
(80)
(105)
(119)
(122)
(124)
(117)
(105)
(95)
(87)
Net Income (Common)
740
N/A
664
-10%
589
-11%
677
+15%
514
-24%
704
+37%
693
-2%
916
+32%
975
+6%
1 034
+6%
1 057
+2%
989
-6%
1 130
+14%
1 271
+12%
1 340
+5%
1 573
+17%
1 877
+19%
2 054
+9%
2 519
+23%
2 962
+18%
3 741
+26%
4 857
+30%
6 169
+27%
6 897
+12%
6 813
-1%
6 091
-11%
5 129
-16%
4 313
-16%
4 341
+1%
4 608
+6%
4 704
+2%
4 997
+6%
4 775
-4%
4 769
0%
5 037
+6%
5 148
+2%
5 363
+4%
5 380
+0%
5 093
-5%
5 003
-2%
4 725
-6%
4 492
-5%
4 084
-9%
4 094
+0%
4 196
+2%
4 392
+5%
4 552
+4%
4 572
+0%
4 591
+0%
4 678
+2%
5 165
+10%
5 562
+8%
6 893
+24%
7 936
+15%
7 956
+0%
7 813
-2%
6 846
-12%
6 059
-11%
5 769
-5%
6 053
+5%
6 277
+4%
6 767
+8%
7 404
+9%
8 250
+11%
8 952
+9%
9 362
+5%
9 312
-1%
9 358
+0%
9 476
+1%
9 240
-2%
9 391
+2%
9 045
-4%
9 419
+4%
10 559
+12%
11 505
+9%
13 083
+14%
12 882
-2%
12 786
-1%
12 535
-2%
11 363
-9%
10 761
-5%
9 773
-9%
10 078
+3%
10 818
+7%
11 554
+7%
12 244
+6%
11 862
-3%
11 424
-4%
11 675
+2%
11 867
+2%
13 050
+10%
14 157
+8%
15 444
+9%
EPS (Diluted)
0.71
N/A
0.64
-10%
0.56
-13%
0.65
+16%
0.49
-25%
0.67
+37%
0.66
-1%
0.87
+32%
0.92
+6%
0.98
+7%
1
+2%
0.93
-7%
1.07
+15%
1.19
+11%
1.26
+6%
1.48
+17%
1.75
+18%
1.92
+10%
2.34
+22%
2.74
+17%
3.47
+27%
4.5
+30%
5.72
+27%
6.4
+12%
6.32
-1%
5.65
-11%
4.75
-16%
4
-16%
4.02
+0%
4.27
+6%
4.36
+2%
4.63
+6%
4.43
-4%
4.42
0%
4.67
+6%
4.77
+2%
4.97
+4%
4.99
+0%
4.72
-5%
4.64
-2%
4.33
-7%
4.15
-4%
3.74
-10%
3.55
-5%
3.64
+3%
3.8
+4%
3.94
+4%
3.95
+0%
3.95
N/A
4.01
+2%
4.43
+10%
4.73
+7%
5.73
+21%
6.6
+15%
6.63
+0%
6.43
-3%
5.66
-12%
4.99
-12%
4.75
-5%
4.93
+4%
5.11
+4%
5.49
+7%
6.02
+10%
6.66
+11%
7.19
+8%
7.51
+4%
7.48
0%
7.5
+0%
7.52
+0%
7.32
-3%
7.47
+2%
7.17
-4%
7.46
+4%
8.32
+12%
9.09
+9%
10.33
+14%
10.16
-2%
10.08
-1%
9.89
-2%
8.98
-9%
8.49
-5%
7.72
-9%
7.95
+3%
8.54
+7%
9.13
+7%
9.67
+6%
9.36
-3%
9.01
-4%
9.21
+2%
9.36
+2%
10.29
+10%
11.17
+9%
12.18
+9%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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