11 Income Statement - TTM - Hang Seng Bank Limited

Income Statement (TTM)

Hang Seng Bank Limited Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	32,266	31,248	32,016	32,783	31,673	30,563	28,122	25,681	26,193	26,705	29,726	32,747	33,672	34,597	35,054	35,512	36,283	37,054	35,646	34,237
Change (%)		-3.16	2.46	2.40	-3.39	-3.50	-7.99	-8.68	1.99	1.95	11.31	10.16	2.82	2.75	1.32	1.31	2.17	2.12	-3.80	-3.95
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales
Change (%)
% of Revenue

Gross Operating Profit	32,266	31,248	32,016	32,783	31,673	30,563	28,122	25,681	26,193	26,705	29,726	32,747	33,672	34,597	35,054	35,512	36,283	37,054	35,646	34,237
Change (%)		-3.16	2.46	2.40	-3.39	-3.50	-7.99	-8.68	1.99	1.95	11.31	10.16	2.82	2.75	1.32	1.31	2.17	2.12	-3.80	-3.95
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

SG&A	12,852	12,908	13,099	13,290	13,476	13,662	13,637	13,612	13,352	13,093	13,205	13,317	13,504	13,690	13,812	13,933	13,978	14,023	14,005	13,987
Change (%)		0.43	1.48	1.46	1.40	1.38	-0.18	-0.18	-1.91	-1.94	0.86	0.85	1.40	1.38	0.89	0.88	0.32	0.32	-0.13	-0.13
% of Revenue	39.83	41.31	40.91	40.54	42.55	44.70	48.49	53.00	50.98	49.03	44.42	40.67	40.10	39.57	39.40	39.23	38.52	37.84	39.29	40.85

R&D
Change (%)
% of Revenue

OpEx	12,852	12,908	13,099	13,290	13,476	13,662	13,637	13,612	13,352	13,093	13,205	13,317	13,504	13,690	13,812	13,933	13,978	14,023	14,005	13,987
Change (%)		0.43	1.48	1.46	1.40	1.38	-0.18	-0.18	-1.91	-1.94	0.86	0.85	1.40	1.38	0.89	0.88	0.32	0.32	-0.13	-0.13
% of Revenue	39.83	41.31	40.91	40.54	42.55	44.70	48.49	53.00	50.98	49.03	44.42	40.67	40.10	39.57	39.40	39.23	38.52	37.84	39.29	40.85

Operating Income	19,414	18,340	18,916	19,493	18,197	16,901	14,485	12,069	12,840	13,612	16,521	19,430	20,168	20,907	21,243	21,579	22,305	23,031	21,640	20,250
Change (%)		-5.53	3.14	3.05	-6.65	-7.12	-14.30	-16.68	6.39	6.01	21.37	17.61	3.80	3.66	1.61	1.58	3.36	3.25	-6.04	-6.43
% of Revenue	60.17	58.69	59.09	59.46	57.45	55.30	51.51	47.00	49.02	50.97	55.58	59.33	59.90	60.43	60.60	60.77	61.48	62.16	60.71	59.15

Interest Expense
Change (%)
% of Revenue

Net Income	18,507	16,687	16,499	16,311	15,136	13,960	12,329	10,698	10,992	11,286	13,447	15,608	16,728	17,848	17,881	17,914	18,146	18,379	16,872	15,366
Change (%)		-9.83	-1.13	-1.14	-7.21	-7.77	-11.68	-13.23	2.75	2.67	19.15	16.07	7.18	6.70	0.18	0.18	1.30	1.28	-8.20	-8.93
% of Revenue	57.36	53.40	51.53	49.75	47.79	45.68	43.84	41.66	41.97	42.26	45.24	47.66	49.68	51.59	51.01	50.44	50.01	49.60	47.33	44.88

Source: Capital IQ

Hang Seng Bank Limited - Income Statement (TTM)

Income Statement (TTM)

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