- Hong Kong
- /
- Capital Markets
- /
- SEHK:388
Hong Kong Exchanges and Clearing Second Quarter 2025 Earnings: Beats Expectations
Hong Kong Exchanges and Clearing (HKG:388) Second Quarter 2025 Results
Key Financial Results
- Revenue: HK$7.08b (up 31% from 2Q 2024).
- Net income: HK$4.44b (up 41% from 2Q 2024).
- Profit margin: 63% (up from 59% in 2Q 2024). The increase in margin was driven by higher revenue.
- EPS: HK$3.51 (up from HK$2.49 in 2Q 2024).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hong Kong Exchanges and Clearing Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Capital Markets industry in Hong Kong.
Performance of the Hong Kong Capital Markets industry.
The company's shares are down 3.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Hong Kong Exchanges and Clearing has 1 warning sign we think you should be aware of.
The New Payments ETF Is Live on NASDAQ:
Money is moving to real-time rails, and a newly listed ETF now gives investors direct exposure. Fast settlement. Institutional custody. Simple access.
Explore how this launch could reshape portfolios
Sponsored ContentValuation is complex, but we're here to simplify it.
Discover if Hong Kong Exchanges and Clearing might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SEHK:388
Hong Kong Exchanges and Clearing
Owns and operates stock and futures exchanges, and related clearing houses in Hong Kong, the United Kingdom, and Mainland China.
Flawless balance sheet with solid track record and pays a dividend.
Similar Companies
Market Insights
Weekly Picks
Early mover in a fast growing industry. Likely to experience share price volatility as they scale

A case for CA$31.80 (undiluted), aka 8,616% upside from CA$0.37 (an 86 bagger!).

Moderation and Stabilisation: HOLD: Fair Price based on a 4-year Cycle is $12.08
Recently Updated Narratives
Amazon: Why the World’s Biggest Platform Still Runs on Invisible Economics
Sunrun Stock: When the Energy Transition Collides With the Cost of Capital
Salesforce Stock: AI-Fueled Growth Is Real — But Can Margins Stay This Strong?
Popular Narratives

MicroVision will explode future revenue by 380.37% with a vision towards success

Crazy Undervalued 42 Baggers Silver Play (Active & Running Mine)
