BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
HSBC
HSBC Holdings plc
There isn't enough reported data to score HSBC yet.
BLK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BLK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BLK.
HSBC Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| N/A | |
| N/A |
HSBC's profitability is currently healthy. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like HSBC.
BLK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $848 | -30% |
| Fair | 22x | $973 | -20% |
| Expensive | 26x | $1,149 | -5.5% |
| Current | 28x | $1,217 | — |
Historical ranges are pointers, not guarantees.
BLK has the edge over HSBC in the historical PE scenario, which offers more potential upside but is not a forecast.
HSBC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.4x | $8.88 | -90% |
| Fair | 11x | $13.20 | -85% |
| Current | 15x | $89.08 | — |
| Expensive | 16x | $19.46 | -78% |
Historical ranges are pointers, not guarantees.
HSBC's PE is 15x, but its earnings don't support one, so it isn't a reliable read right now.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
HSBC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HSBC, with profitability holding steady.
BLK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $43.87 | +11% |
| Q2 2026 | $41.73 | -0.4% |
| Q1 2026 | $39.73 | -4.7% |
| Q4 2025 | $35.31 | -17% |
| Q3 2025 | $39.42 | -2.7% |
| Q2 2025 | $41.89 | +4% |
| Q1 2025 | $41.69 | +5.9% |
| Q4 2024 | $42.53 | +16% |
BLK has the edge over HSBC in the latest year-over-year earnings comparison.
HSBC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $1.20 | -3.2% |
| Q2 2025 | $1.01 | -13% |
| Q4 2024 | $1.24 | +8.8% |
| Q2 2024 | $1.16 | -2.5% |
| Q4 2023 | $1.14 | +54% |
| Q2 2023 | $1.19 | +78% |
| Q4 2022 | $0.74 | +19% |
| Q2 2022 | $0.67 | +49% |
HSBC earned $1.20 per share over the past year, up 5.3% from the year before.
BLK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.8B | +19% |
| Q2 2026 | $7.1B | +31% |
| Q1 2026 | $6.7B | +27% |
| Q4 2025 | $7B | +23% |
| Q3 2025 | $6.5B | +25% |
| Q2 2025 | $5.4B | +13% |
| Q1 2025 | $5.3B | +12% |
| Q4 2024 | $5.7B | +23% |
BLK has the edge over HSBC in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | 0 points |
| Q2 2026 | 35% | +2.8 points |
| Q1 2026 | 42% | +9.8 points |
| Q4 2025 | 24% | -13 points |
| Q3 2025 | 30% | -8.6 points |
| Q2 2025 | 32% | -5.5 points |
| Q1 2025 | 32% | -3.6 points |
| Q4 2024 | 37% | +2.3 points |
BLK's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
HSBC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $34.2B | +20% |
| Q2 2025 | $34.1B | -8.5% |
| Q4 2024 | $28.6B | -2.1% |
| Q2 2024 | $37.3B | +1.1% |
| Q4 2023 | $29.2B | +10% |
| Q2 2023 | $36.9B | +46% |
| Q4 2022 | $26.5B | +10% |
| Q2 2022 | $25.2B | -1.2% |
HSBC's revenue is recovering but still below its 2017 peak: $34.2B last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 38% | +1.7 points |
| Q2 2025 | 44% | -10 points |
| Q4 2024 | 33% | +6.4 points |
| Q2 2024 | 53% | +23 points |
| Q4 2023 | 36% | +8 points |
| Q2 2023 | 54% | +19 points |
| Q4 2022 | 27% | +11 points |
| Q2 2022 | 31% | +18 points |
HSBC's operating margin was 38% last quarter, up 1.7 points from the same quarter a year ago.
BLK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +95% |
| Q2 2026 | $1.1B | -12% |
| Q1 2026 | -$1.1B | +$120M |
| Q4 2025 | $2.1B | -15% |
| Q2 2025 | $1.3B | -6.1% |
| Q1 2025 | -$1.2B | -$734M |
| Q4 2024 | $2.5B | +35% |
| Q2 2024 | $1.4B | +47% |
BLK's free cash flow was $4.8B over the past year, up 22% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BLK.
HSBC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | $15.6B | -59% |
| Q2 2025 | $12.7B | -52% |
| Q4 2024 | $37.7B | +362% |
| Q2 2024 | $26.2B | -12% |
| Q4 2023 | $8.2B | +$29.5B |
| Q2 2023 | $29.8B | -36% |
| Q4 2022 | -$21.4B | -149% |
| Q2 2022 | $46.5B | -22% |
HSBC's free cash flow was $92.3B over the past year, up 46% from the year before. Free cash flow isn't a meaningful measure for financial services companies like HSBC.
BLK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -148K shares |
| 1 year | -0.4% | -677K shares |
| 3 years | +9.3% | +14M shares |
| 5 years | +6.2% | +9.6M shares |
| Available history | +4.4% | +7M shares |
BLK has 165M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | $396M |
| Q1 2025 | $657M |
| Q4 2024 | $386M |
| Q2 2024 | $519M |
| Q1 2024 | $634M |
| Q4 2023 | $384M |
| Q3 2023 | $396M |
| Q2 2023 | $383M |
HSBC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -225M shares |
| 1 year | -10% | -2.1B shares |
| 3 years | -13% | -2.7B shares |
| 5 years | +370% | +13.8B shares |
HSBC has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $3.7B |
| Q2 2025 | $5.4B |
| Q4 2024 | $6B |
| Q2 2024 | $5.3B |
| Q2 2023 | $1.3B |
| Q2 2022 | $1.8B |
| Q4 2020 | — |
| Q2 2020 | — |
BLK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2024 | 0.2x | Very low |
| Q1 2024 | 0.3x | Very low |
| Q4 2023 | 0.1x | Very low |
BLK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BLK.
HSBC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2024 | -10.1x | Net Cash |
| Q4 2023 | -11.6x | Net Cash |
| Q2 2023 | -13.7x | Net Cash |
| Q4 2022 | -22.6x | Net Cash |
| Q2 2022 | -24.1x | Net Cash |
| Q4 2021 | -24.3x | Net Cash |
| Q2 2021 | -26.4x | Net Cash |
| Q4 2020 | -28.3x | Net Cash |
HSBC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HSBC.
BLK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.5 | Neutral |
| Stochastic | 79.0 | Neutral |
BLK's weekly RSI is 64 (neutral) and its Stochastic is 79 (neutral).
HSBC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.4 | Neutral |
| Stochastic | 11.4 | Oversold |
HSBC's weekly RSI is 42 (neutral) and its Stochastic is 11 (oversold).
BLK PE vs Financial Services Sector
| Metric | BLK | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 113% above |
| PE % | 97 | 63 | 34 pts above |
BLK is trading at 28x earnings, a 113% premium to the Financial Services sector's median of 13x.
HSBC PE vs Financial Services Sector
| Metric | HSBC | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 14% above |
| PE % | 74 | 63 | 11 pts above |
HSBC has the edge over BLK on valuation relative to its sector.
BLK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,128.0 | 7.9% above |
| 20 week MA | $1,108.9 | 9.7% above |
| 50 week MA | $1,071.6 | 14% above |
| 100 week MA | $1,051.1 | 16% above |
| 200 week MA | $914.1 | 33% above |
BLK has the edge over HSBC on trend strength, trading above more of its moving averages.
HSBC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $92.1 | 3.3% below |
| 20 week MA | $98.6 | 9.7% below |
| 50 week MA | $91.0 | 2.1% below |
| 100 week MA | $75.6 | 18% above |
| 200 week MA | $58.0 | 54% above |
HSBC has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 54% above its 200-week average.
BLK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $503.0 | $707.2 | +41% |
| 2021 | $707.2 | $913.9 | +29% |
| 2022 | $913.9 | $703.9 | -23% |
| 2023 | $703.9 | $811.8 | +15% |
| 2024 | $811.8 | $1,044.2 | +29% |
| 2025 | $1,044.2 | $1,088.1 | +4.2% |
| 2026 YTD | $1,088.1 | $1,216.6 | +12% |
BLK has the edge over HSBC on returns for 2026, with the stronger performance.
HSBC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.0 | $26.1 | -33% |
| 2021 | $26.1 | $29.9 | +15% |
| 2022 | $29.9 | $30.9 | +3.6% |
| 2023 | $30.9 | $40.5 | +31% |
| 2024 | $40.5 | $49.3 | +22% |
| 2025 | $49.3 | $80.0 | +62% |
| 2026 YTD | $80.0 | $89.1 | +11% |
HSBC has finished higher in five of the last six years. It's up 11% so far in 2026.