Hong Kong Exchanges and Clearing Limited

Hong Kong Exchanges and Clearing Limited

HKXCY
Hong Kong Exchanges and Clearing LimitedUS flagOther OTC
51.58
USD
-0.66
- -
65.20BMarket 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
368,487
437,979
533,908

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
Jan 5, 2010
Business
Hong Kong Exchanges and Clearing Limited Hong Kong Exchanges and Clearing Limited (HKEX) operates as one of the world's major exchange groups, providing trading, clearing, settlement and market data services across equity, commodity, fixed income and currency markets through its wholly-owned subsidiaries, including The Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE) and London Metal Exchange (LME); core products and services encompass equities, exchange-traded funds (ETFs), real estate investment trusts (REITs), bonds, structured equity products, depositary receipts, unit trusts/mutual funds, warrants, equity index and single stock futures and options, interest rate and fixed income derivatives, gold futures, currency futures and over-the-counter (OTC) derivatives including interest rate swaps and non-deliverable forwards; the group also offers connectivity solutions such as Stock Connect, Swap Connect and Synapse, alongside comprehensive market data via HKEX Information Services Limited and reference prices including CESC Indices and HKEX-Thomson Reuters RMB Indices. HKEX functions as Hong Kong's sole securities and derivatives exchange operator and clearing houses provider, overseeing four clearing entities—Hong Kong Securities Clearing Company Limited (HKSCC), HKFE Clearing Corporation Limited (HKCC), SEHK Options Clearing House Limited (SEOCH) and OTC Clearing Hong Kong Limited (OTC Clear)—while regulating listed companies and trading participants to maintain a transparent marketplace. Founded in 2000 through the merger of Hong Kong's securities and futures exchanges and headquartered at 8 Connaught Place, Central, Hong Kong, the company serves regional and international investors targeting Asia's markets, particularly as a gateway connecting China with global capital flows, with operations extending to Europe via LME and strategic offices in New York and London. In recent developments, HKEX plans to acquire a 20% strategic stake in CMU OmniClear—operator of Hong Kong's Central Moneymarkets Unit (CMU) fixed-income central securities depository—from the Hong Kong Monetary Authority (HKMA) for up to HK$455 million to enhance post-trade infrastructure, cross-asset efficiencies in equities and fixed income, collateral management using Mainland bonds and development of an international central securities depository in Asia; earlier in 2025, it signed a memorandum of understanding with CMU OmniClear to boost the fixed-income and currencies ecosystem; additional initiatives include agreements for a permanent headquarters at Exchange Square with Hongkong Land, implementation of Severe Weather Trading arrangements from September 2024 enabling market access during typhoons, enhancements to Connect programmes such as adding over 1,000 Northbound stocks and launching Swap Connect, rollout of the HKD-RMB Dual Counter Model for 24 designated shares, FINI platform shortening IPO settlement to T+2, development of the Orion Derivatives Platform and post-trade modernisation of Orion Cash Platform, achievement of group-wide carbon neutrality in 2024 and mandating end of single-gender boards for listed companies by end-2024. These strategic moves position HKEX to deepen liquidity, support RMB internationalisation, advance multi-asset ecosystem growth and reinforce Hong Kong's role as a global financial centre.

Company News

APIChat
  • Hong Kong Exchanges and Clearing (HKXCY) Projected to Post Earnings on Wednesday

  • Mainland China Heavyweights Lift Hong Kong To Top IPO Destination