HDFC Bank Limited (HDB) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Jul 14, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HDB SEC filings page.
HDFC Bank Limited (HDB) reported $27.8B in revenue for fiscal year 2025, up 16.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
HDFC Bank’s reported scale expanded sharply, but post-expansion returns and margins remain below their FY2023 levels.
Assets rose80.0% between FY2023 and FY2025, while return on assets fell to1.4% . That combination indicates the enlarged balance sheet has not yet translated into proportionately higher reported earnings efficiency.
In FY2025, operating cash flow of
By FY2025, net margin had fallen to
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of HDFC Bank Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
HDFC Bank Limited earned a return on assets of 1.4% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is unchanged from the prior year. Earnings ranks banks on that return over three years, and HDFC Bank Limited scores 86/100 among other banks.
HDFC Bank Limited reported revenue of $27.8B in fiscal year 2025, against $23.8B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and HDFC Bank Limited scores 89/100 among other banks.
HDFC Bank Limited funded 15.9% of its assets with shareholders' equity at the end of fiscal year 2025, holding $89.9B of equity against $564.1B of assets. Capital ranks banks on that cushion, and HDFC Bank Limited scores 81/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. HDFC Bank Limited scores 88/100 on it among other banks.
Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. HDFC Bank Limited scores 1/100 on it among other banks.
HDFC Bank Limited reported net income of $7.9B in fiscal year 2025, against $7.5B in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and HDFC Bank Limited scores 68/100 among other banks.
HDFC Bank Limited passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, HDFC Bank Limited generates $1.78 in operating cash flow ($14.0B OCF vs $7.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
HDFC Bank Limited held $23.2B in cash against $68.7B in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
HDB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
HDB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2410-K | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K | Q4'1810-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $564.1B+6.6% | $529.4B+68.9% | $313.4B+12.6% | $278.3B+13.2% | $245.8B+16.1% | $211.7B+10.3% | $192.0B+10.0% | $174.6B+24.9% |
| Cash & Equivalents | $23.2B-4.9% | $24.4B+46.7% | $16.6B+21.9% | $13.7B+11.3% | $12.3B+46.6% | $8.4B-14.2% | $9.7B+10.5% | $8.8B+33.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $19.1B0.0% | $19.1B+2021.0% | $899.3M0.0% | $899.3M | N/A | N/A | N/A | N/A |
| Total Liabilities | $463.1B+6.5% | $434.8B+56.5% | $277.9B+13.3% | $245.2B+13.4% | $216.2B+15.9% | $186.6B+10.8% | $168.4B+7.6% | $156.5B+26.3% |
| Long-Term Debt | $68.7B-13.9% | $79.8B+219.2% | $25.0B+22.0% | $20.5B+27.5% | $16.1B+18.0% | $13.6B-9.8% | $15.1B+5.4% | $14.3B+27.1% |
| Total Equity | $89.9B+7.8% | $83.4B+135.3% | $35.4B+7.3% | $33.0B+11.8% | $29.5B+17.6% | $25.1B+6.4% | $23.6B+30.9% | $18.0B+14.0% |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | $8.5B+19.4% | $7.1B+26.5% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
HDB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
HDB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Current Ratio, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| HDFC Bank Limited HDB | FY2025 | $27.8B | $7.9B | 28.4% | $113.8B | 69/100 |
| PNC Financial Services Group PNC | FY2025 | $23.1B | $7.0B | 30.3% | $87.8B | 48/100 |
| U.S. Bancorp USB | FY2025 | $28.7B | $7.6B | 26.4% | $89.3B | 42/100 |
| Nu Holdings Ltd. NU | FY2025 | $15.8B | $2.9B | 18.2% | $75.6B | 47/100 |
Where HDFC Bank Limited Ranks
Frequently Asked Questions
What is HDFC Bank Limited's annual revenue?
HDFC Bank Limited (HDB) reported $27.8B in total revenue for fiscal year 2025. This represents a 16.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is HDFC Bank Limited's revenue growing?
HDFC Bank Limited (HDB) revenue grew by 16.4% year-over-year, from $23.8B to $27.8B in fiscal year 2025.
Is HDFC Bank Limited profitable?
Yes, HDFC Bank Limited (HDB) reported a net income of $7.9B in fiscal year 2025, with a net profit margin of 28.4%.
How much debt does HDFC Bank Limited have?
As of fiscal year 2025, HDFC Bank Limited (HDB) had $23.2B in cash and equivalents against $68.7B in long-term debt.
What is HDFC Bank Limited's net profit margin?
HDFC Bank Limited (HDB) had a net profit margin of 28.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does HDFC Bank Limited pay dividends?
Yes, HDFC Bank Limited (HDB) paid $0.26 per share in dividends during fiscal year 2025.
What is HDFC Bank Limited's return on equity (ROE)?
HDFC Bank Limited (HDB) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is HDFC Bank Limited's free cash flow?
HDFC Bank Limited (HDB) generated $13.2B in free cash flow during fiscal year 2025. This represents a 13.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is HDFC Bank Limited's operating cash flow?
HDFC Bank Limited (HDB) generated $14.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are HDFC Bank Limited's total assets?
HDFC Bank Limited (HDB) had $564.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are HDFC Bank Limited's capital expenditures?
HDFC Bank Limited (HDB) invested $777.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is HDFC Bank Limited's debt-to-equity ratio?
HDFC Bank Limited (HDB) had a debt-to-equity ratio of 0.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is HDFC Bank Limited's return on assets (ROA)?
HDFC Bank Limited (HDB) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is HDFC Bank Limited's P/E ratio?
HDFC Bank Limited (HDB) trades at 14.4x earnings, its market capitalization divided by net income of $7.9B net income, FY2025. The market capitalization is $113.8B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is HDFC Bank Limited's price-to-sales ratio?
HDFC Bank Limited (HDB) trades at 4.1x sales, its market capitalization divided by revenue of $27.8B revenue, FY2025. The market capitalization is $113.8B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is HDFC Bank Limited's Piotroski F-Score?
HDFC Bank Limited (HDB) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are HDFC Bank Limited's earnings high quality?
HDFC Bank Limited (HDB) has an earnings quality ratio of 1.78x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is HDFC Bank Limited?
HDFC Bank Limited (HDB) scores 69 out of 100 on our Financial Health Score, indicating strong standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.