Hong Kong Exchanges and Clearing Limited

Hong Kong Exchanges and Clearing Limited

HKXCF
Hong Kong Exchanges and Clearing LimitedUS flagOther OTC
50.52
USD
-1.99
- -
63.86BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.06
7.84
10.31
8.58
9.43
11.47
10.82
13.33
15.39
13.38
12.21
13.72
18.79
8.74
Basic EPS, GAAP
3.95
4.44
6.7
4.76
6.03
7.5
7.49
9.11
9.91
7.96
9.37
10.32
14.05
6.75
Free Cash Flow per Basic Share
3.64
3.44
6.41
2.34
5.48
6.94
7.16
10.63
8.91
10.8
7.99
8.83
18.91
- -
Dividend per Share
2.01
2.78
2.54
2.75
2.09
4.37
4.61
5.53
9.11
7.64
8.15
8.24
10.86
- -
Book Value per Share
7.78
18.07
25.26
26.74
30.33
33.11
35.62
38.89
39.57
39.88
40.83
42.58
45.58
44.38
Tangible Book Value per Share
1.58
2.95
10.17
12
15.83
18.41
20.82
24.14
24.44
24.59
25.68
27.51
28.84
28.34
Basic Weighted Avg Shares
1,152
1,164
1,187
1,212
1,228
1,242
1,254
1,263
1,265
1,265
1,265
1,264
1,264
1,263
Sales/Revenue/Turnover
8,131
9,127
12,233
10,398
11,574
14,252
13,565
16,835
19,471
16,934
15,445
17,346
23,745
11,034
Operating Margin (%)
60.14
60.22
67.45
60.04
62.07
66.27
62.72
66.69
70.02
61.46
54.86
57.81
67.89
65.83
Depreciation Expense
508
647
684
771
858
762
1,044
1,197
1,354
1,459
1,443
1,402
1,568
743
Net Income, GAAP
4,552
5,165
7,956
5,769
7,404
9,312
9,391
11,505
12,535
10,078
11,862
13,050
17,754
8,519
Effective Tax Rate (%)
13.34
14.91
14.52
15.56
14.58
14.63
14.25
13.84
15.79
13.41
10.13
11.43
15.7
15.76
Profit Margin (%)
55.98
56.59
65.04
55.48
63.97
65.34
69.23
68.34
64.38
59.51
76.8
75.23
74.77
77.21
Working Capital
7,608
9,624
14,595
17,122
19,452
22,202
24,258
29,359
29,105
29,530
29,691
29,051
28,346
27,803
LT Debt
6,703
6,801
3,101
3,105
833
161
2,234
2,054
1,760
1,448
1,334
1,034
637
661
Total Equity
20,518
21,359
29,962
32,384
37,375
40,903
44,501
49,236
49,910
50,099
51,796
54,407
58,729
57,451
Return on Invested Capital (%)
16.02
16.41
22.67
15.16
16.24
19.55
15.87
18.81
21.41
16.64
13.93
15.8
22.52
10.6
Return on Capital (%)
31.02
24.55
26.5
17.35
21.44
25.24
23.5
24.04
24.37
23.05
32.4
33.2
37.67
18.36
Return on Common Equity (%)
53.58
34.45
31.2
18.49
21.26
23.77
21.9
24.54
25.28
20.05
23.23
24.74
31.86
15.67

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
260
650
212
LT Borrowings
- -
71
- -
LT Finance Leases
1,034
987
661
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,264
1,264
1,264
Market Capitalization
358,669
440,042
529,149

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
353,576
350,833
392,505
Cash, Cash Equivalents & STI
230,910
247,164
282,456
Accounts Receivable, Net
54,478
48,634
50,908
Inventories
- -
- -
- -
Total Current Liabilities
324,525
325,257
364,702
Payables & Accruals
- -
- -
- -
ST Debt
260
650
212
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.05%
3.62%
7.94%
Free Cash Flow
25.94%
20.73%
113.91%
Net Income, GAAP
10.31%
10.62%
36.05%
Sales/Revenue/Turnover
8.18%
8.61%
36.89%
Total Cash Common Dividend
21.49%
17.67%
31.74%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,847
4,215
- -
- -
17,346
2025
5,496
5,538
- -
- -
23,745
2026
6,843
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.35
- -
- -
- -
10.32
2025
3.23
- -
- -
- -
14.05
2026
4.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
8.24
2025
- -
- -
- -
- -
10.86
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Yiting Chan
Full Time Employees
2,444
Sector
Financial Services
Industry
Financial - Data & Stock Exchanges
Address
Two Exchange Square Central Hong Kong
IPO Date
Feb 13, 2009
Business
Hong Kong Exchanges and Clearing Limited (HKEX) operates as one of the world's major exchange groups, providing securities trading, clearing, settlement, depository, market data, and connectivity services through its subsidiaries, including The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited, and London Metal Exchange; core products and services encompass equity products such as stocks, exchange-traded funds, real estate investment trusts, debt securities, warrants, and structured products traded on cash market platforms including Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connects; equity and financial derivatives including stock futures, options, equity index futures, single stock futures, and over-the-counter derivatives; commodities via base, ferrous, and precious metals futures and options on the London Metal Exchange and Qianhai Mercantile Exchange in Mainland China; fixed income and currency products; as well as clearing services through Hong Kong Securities Clearing Company Limited, HKFE Clearing Corporation Limited, SEHK Options Clearing House Limited, OTC Clearing Hong Kong Limited, and LME Clear Limited. HKEX serves issuers, investors, and market participants globally, with primary operations in Hong Kong, the United Kingdom, Mainland China, and expanding connectivity to regions including the Middle East via a Riyadh office; the group targets diverse customer types from retail to institutional investors seeking access to Asia's vibrant markets and China-related opportunities. Founded in 1999 through the merger of Hong Kong's stock and futures exchanges and headquartered in Central, Hong Kong, HKEX maintains five business segments—Cash, Equity and Financial Derivatives, Commodities, Clearing, and Platform and Infrastructure—while regulating trading activities in its venues. Recent major developments include a strategic HK$6.3 billion investment announced in April 2025 to establish permanent headquarters by purchasing the top nine floors of One Exchange Square and additional adjacent space from Hongkong Land, enhancing long-term operational resilience; a November 2025 agreement to acquire a 20% stake in CMU OmniClear Holdings from the Hong Kong Monetary Authority for approximately HK$455 million to bolster fixed income and currencies infrastructure, building on a March 2025 memorandum of understanding; multi-year platform enhancement programs launched in 2024 for next-generation investors and LME warehousing expansion into Hong Kong; strengthened global partnerships such as a memorandum with Abu Dhabi Securities Exchange; and listing regime updates effective August 2025 adjusting IPO share allocations and public float requirements amid record IPO fundraising.

Company News

APIChat
  • Mainland China Heavyweights Lift Hong Kong To Top IPO Destination