NYSE · Financial Statements

HDFC Bank Limited (HDB) Financial Statements

$22.09 NYSE: HDB Market Cap $113.31B

HDFC Bank Limited most recently reported annual revenue of $5.21T, net profit of $800.0B. Revenue grew at an average annual rate of 27.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

HDFC Bank Limited: Revenue rose from $835.9B in 2017 to $5.21T in 2026, a change of +523.7% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 26.3% to 20.6%, a shift of -5.7 percentage points; the most recent year shows net profit of $800.0B.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$835.9B$988.1B$1.20T$1.41T$1.53T$1.60T$1.98T$3.52T$4.19T$5.21T
Operating Expenses$615.9B$711.0B$861.9B$1.04T$1.09T$1.08T$1.32T$2.82T$3.33T$4.14T
Operating Profit$220.0B$277.1B$340.0B$365.8B$439.8B$519.2B$662.4B$705.5B$861.5B$1.07T
Operating Margin26.3%28.1%28.3%25.9%28.8%32.4%33.4%20.0%20.5%20.6%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$373.8B$420.3B$534.2B$618.5B$592.3B$584.3B$775.5B$1.53T$1.82T$1.95T
Depreciation$8.9B$9.7B$12.2B$12.8B$13.9B$16.8B$23.5B$52.3B$63.0B$44.1B
Profit Before Tax$220.0B$277.1B$340.0B$365.8B$439.8B$519.2B$662.4B$705.5B$861.5B$1.07T
Tax$36.0M$35.5M$35.1M$28.8M$25.9M$25.5M$25.1M$11.0M$20.3M$22.4M
Net Profit$140.5B$178.5B$220.1B$260.3B$326.0B$386.0B$495.4B$622.7B$673.5B$800.0B
EPS$44.28$53.07$61.89$74.19$86.40$102.45$123.39$135.03$138.60$465.78
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.08T$1.15T$684.8B$1.17T$904.6B$1.12T$688.5B$1.33T$1.21T$1.28T$1.19T$1.34T
Operating Expenses$866.0B$937.7B$567.4B$942.7B$696.9B$882.2B$533.7B$1.12T$934.3B$1.01T$906.4B$1.07T
Operating Profit$209.7B$212.4B$117.4B$227.3B$207.7B$239.7B$154.9B$208.2B$271.0B$271.9B$281.0B$273.5B
Operating Margin19.5%18.5%17.1%19.4%23.0%21.4%22.5%15.7%22.5%21.2%23.7%20.4%
Interest$412.5B$432.4B$429.5B$445.8B$444.7B$469.1B$454.4B$476.4B$475.2B$462.0B$459.2B$479.1B
Profit Before Tax$209.7B$212.4B$117.4B$227.3B$207.7B$239.7B$154.9B$208.2B$271.0B$271.9B$281.0B$273.5B
Tax$17.4M$16.6M$-30.6M$24.4M$15.8M$23.5M$6.4M$18.0M$23.6M$23.3M$23.8M$25.0M
Net Profit$168.1B$172.6B$158.3B$164.7B$173.8B$176.6B$153.9B$162.4B$199.4B$199.7B$206.7B$193.6B
EPS$25.17$33.99$34.68$32.40$34.05$34.50$36.78$31.68$39.01$38.58$119.94$114.30

Over the 10 years reported for HDFC Bank Limited, borrowings increased from $1.05T in 2017 to $5.77T in 2026, cash stood at $3.06T in the latest year, shareholders' equity was $15.1B.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$9.07T$11.37T$13.28T$15.96T$17.98T$21.11T$25.76T$44.12T$48.19T$48.11T
Current Assets$2.78T$3.06T$3.65T$4.54T$5.53T$4.59T$5.59T$10.54T$9.87T$3.06T
Cash$566.7B$719.0B$855.4B$726.7B$1.04T$1.60T$2.36T$3.43T$3.22T$3.06T
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$104.1B$119.1B$166.2B$405.5B$170.4B$188.5B$194.5B$379.1B$454.6B$0
Fixed Assets$39.0B$39.0B$43.2B$109.1B$117.6B$137.4B$177.6B$268.3B$314.7B$161.7B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$4.26T$4.61T$5.53T$7.12T$16.06T$16.86T$20.14T$33.27T$34.64T$42.45T
Other Assets$74.9B$74.9B$74.9B$74.9B$74.9B$74.9B$74.9B$1.63T$1.63T$0
Total Liabilities$8.04T$10.19T$11.64T$14.07T$15.82T$18.60T$22.84T$36.23T$39.56T$42.14T
Current Liabilities$581.3B$1.03T$892.0B$636.7B$14.22T$16.58T$20.49T$25.75T$29.22T$0
Borrowings$1.05T$1.71T$1.70T$1.47T$1.84T$2.34T$3.24T$8.15T$7.46T$5.77T
Other Liabilities$6.99T$8.48T$9.95T$12.60T$13.98T$16.27T$19.60T$28.08T$32.11T$36.38T
Equity$5.1B$5.2B$5.4B$5.5B$5.5B$5.5B$5.6B$7.6B$7.7B$15.1B
Reserves$1.03T$1.17T$1.63T$1.89T$2.16T$2.50T$2.91T$6.95T$7.68T$5.74T

For HDFC Bank Limited, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.72T; free cash flow was positive in 10 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$379.3B$94.3B$183.3B$171.2B$921.8B$581.0B$477.2B$1.02T$1.20T$1.76T
Investing Cash Flow$-1.59T$-2.06T$-1.55T$-2.17T$-2.54T$-3.33T$-4.44T$-3.73T$-3.78T$-4.61T
Financing Cash Flow$1.00T$1.47T$1.35T$2.23T$1.90T$2.26T$3.26T$3.38T$3.39T$4.09T
Net Cash Flow$53.0B$143.4B$160.7B$-122.9B$318.7B$191.3B$265.4B$698.6B$-103.1B$0
Free Cash Flow$366.6B$85.1B$166.9B$152.9B$904.0B$554.7B$433.6B$968.5B$1.13T$1.72T

Valuation & Return Ratios

MetricValue
PEG Ratio1.25
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y-39.41%
Return 3Y-20.70%
Return 5Y-36.62%

HDFC Bank Limited (HDB) financials — frequently asked questions

What is HDFC Bank Limited's annual revenue?

HDFC Bank Limited (HDB) reported annual revenue of $5.21T in its most recent fiscal year.

What is HDFC Bank Limited's net profit?

HDFC Bank Limited (HDB) reported net profit of $800.0B in its most recent fiscal year.

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