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Financials · HDB

HDFC Bank Limited (HDB) financials

For fiscal 2026 (ended Mar 31, 2026), HDFC Bank Limited reported ₹2.50T of revenue and ₹704.79B of net income. Figures are in INR, the currency of its SEC filings.

Revenue, FY2026
₹2.50T
Revenue growth, YoY
+5.2%
Net income, FY2026
₹704.79B
Net income growth, YoY
+4.6%
Net margin
28.2%
Free cash flow, FY2026
₹1.07T
EPS, diluted, FY2026
₹45.75
EPS growth, YoY
+2.1%
Cash
₹2.55T
Total debt
₹5.12T
Annual revenue₹2.50T
FY2017FY2026
Annual net income₹704.79B
FY2017FY2026
Annual free cash flow₹1.07T
FY2017FY2026

HDB revenue and earnings growth

HDB revenueFY2026₹2.50T

FY YoY
+5.2%
5Y CAGR
+21.7%
10Y CAGR
+20.4%

HDB revenue was ₹2.50T for fiscal 2026 (ended Mar 31, 2026), up 5.2% from fiscal 2025. Compound annual growth was +21.7% over 5 years and +20.4% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

HDB net incomeFY2026₹704.79B

FY YoY
+4.6%
5Y CAGR
+16.7%
10Y CAGR
+19.6%

HDB net income was ₹704.79B for fiscal 2026 (ended Mar 31, 2026), up 4.6% from fiscal 2025. Compound annual growth was +16.7% over 5 years and +19.6% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

HDB EPSFY2026₹45.75

FY YoY
+2.1%
5Y CAGR
+9.2%
10Y CAGR
+14.7%

HDB diluted EPS was ₹45.75 for fiscal 2026 (ended Mar 31, 2026), up 2.1% from fiscal 2025. Compound annual growth was +9.2% over 5 years and +14.7% over 10 years.

HDB free cash flowFY2026₹1.07T

FY YoY
-5.6%
5Y CAGR
+3.3%
10Y CAGR
+20.9%

HDB free cash flow was ₹1.07T for fiscal 2026 (ended Mar 31, 2026), down 5.6% from fiscal 2025. Compound annual growth was +3.3% over 5 years and +20.9% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
Revenue₹2.50T₹2.37T₹1.99T₹1.21T₹1.02T₹936.66B₹791.75B₹667.63B₹567.76B₹462.12B
Interest expense--₹1.53T₹775.54B₹584.30B₹592.28B₹618.46B₹534.21B₹420.31B₹373.76B
Pre-tax income₹939.03B₹861.55B₹705.46B₹662.38B₹519.16B₹439.83B₹365.84B₹339.96B₹277.11B₹219.97B
Income tax₹211.93B₹175.01B₹77.83B₹166.12B₹132.56B₹113.82B₹105.48B₹119.39B₹98.27B₹79.22B
Net income₹704.79B₹673.51B₹622.66B₹495.45B₹386.00B₹325.98B₹260.27B₹220.10B₹178.51B₹140.53B
EPS, basic₹45.89₹45.01₹44.33₹44.51₹34.88₹29.64₹23.80₹20.54₹17.30₹13.81
EPS, diluted₹45.75₹44.82₹44.16₹44.34₹34.69₹29.51₹23.64₹20.33₹17.07₹13.64
Diluted shares15.41B15.32B14.21B11.17B11.13B11.05B11.01B10.83B10.46B10.30B

Balance sheet

Balance sheet
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
Cash and equivalents₹2.55T₹1.98T₹2.09T₹1.39T₹1.12T₹930.69B₹611.96B₹734.87B₹574.15B₹430.71B
Goodwill₹1.63T₹1.63T₹1.63T₹74.94B₹74.94B-----
Total assets₹52.62T₹48.19T₹44.12T₹25.76T₹21.11T₹17.98T₹15.96T₹13.28T₹11.37T₹9.07T
Short-term debt₹1.35T₹1.31T₹1.31T₹1.09T₹554.17B₹239.26B₹377.42B₹654.06B₹779.20B₹322.27B
Total debt₹5.12T₹5.87T₹6.65T₹2.05T₹1.55T₹1.17T₹1.03T₹1.04T₹932.91B₹730.92B
Total liabilities₹43.46T₹39.56T₹36.23T₹22.84T₹18.60T₹15.82T₹14.07T₹11.64T₹10.19T₹8.04T
Shareholders' equity₹8.17T₹7.68T₹7.89T₹2.92T₹2.51T₹2.16T₹1.90T₹1.64T₹1.18T₹1.03T

Cash flow

Cash flow
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
Operating cash flow₹1.12T₹1.20T₹1.02T₹477.20B₹581.02B₹921.78B₹171.18B₹183.27B₹94.27B₹379.27B
Capital expenditures₹52.78B₹66.40B₹53.84B₹43.62B₹26.32B₹17.81B₹18.29B₹16.36B₹9.18B₹12.63B
Free cash flow₹1.07T₹1.13T₹968.48B₹433.58B₹554.69B₹903.97B₹152.89B₹166.92B₹85.09B₹366.64B
Investing cash flow-₹3.58T-₹3.72T-₹3.67T-₹4.39T-₹3.30T-₹2.52T-₹2.15T-₹1.54T-₹2.05T-₹1.58T
Financing cash flow₹2.97T₹2.42T₹3.35T₹4.17T₹2.91T₹1.92T₹1.85T₹1.52T₹2.10T₹1.25T
Dividends paid₹219.07B₹158.06B₹86.62B₹86.39B₹36.24B₹166.60M₹66.45B₹41.02B₹34.49B₹29.28B
Stock-based compensation₹22.17B₹24.63B₹20.12B₹14.01B₹13.87B₹10.60B₹7.48B₹5.34B₹6.59B₹8.20B
Depreciation and amortization-------₹12.25B₹9.68B₹8.88B

Key ratios

Key ratios
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
Revenue growth, YoY5.2%19.4%64.8%18.2%8.8%18.3%18.6%17.6%22.9%18.7%
Net income growth, YoY4.6%8.2%25.7%28.4%18.4%25.2%18.2%23.3%27.0%19.2%
EPS growth, YoY2.1%1.5%-0.4%27.8%17.6%24.9%16.3%19.1%25.2%17.8%
Net margin28.2%28.4%31.3%41.1%37.9%34.8%32.9%33.0%31.4%30.4%
Free cash flow margin42.7%47.6%48.7%36.0%54.4%96.5%19.3%25.0%15.0%79.3%
Return on equity8.6%8.8%7.9%17.0%15.4%15.1%13.7%13.5%15.2%13.7%
Return on assets1.3%1.4%1.4%1.9%1.8%1.8%1.6%1.7%1.6%1.5%
Debt to equity0.630.760.840.700.620.540.540.640.790.71

Source: XBRL data HDFC Bank Limited files with the SEC, latest filing dated Jul 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Jul 31, 2020; 2-for-1, first reported Jul 29, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

HDB peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
HDB₹2.50T+5.2%₹704.79B28.2%$128.97B
RYC$66.61B+16.1%C$20.36B30.6%$278.49B
MUFG¥11.87T+9.5%¥1.73T14.6%$248.87B
TDC$67.78B+18.4%C$20.54B30.3%$199.90B
SAN€55.32B-1.5%€14.10B25.5%$169.86B
SMFG¥4.35T+13.6%¥1.14T26.1%$148.76B
BBVA--€10.51B-$142.00B
BMOC$36.27B+10.6%C$8.71B24.0%$118.95B

HDB FAQ

8 questions
  • What is HDB revenue?
    HDFC Bank Limited (HDB) reported ₹2.50T of revenue for fiscal 2026 (ended Mar 31, 2026). That is up 5.2% from the year before.
  • Is HDB profitable?
    Yes. HDFC Bank Limited earned ₹704.79B in net income for fiscal 2026 (ended Mar 31, 2026), a net margin of 28.2%.
  • How much cash and debt does HDB have?
    HDFC Bank Limited reported ₹2.55T in cash and cash equivalents and ₹5.12T of debt on its most recent balance sheet in SEC filings.
  • How fast is HDB revenue growing?
    HDFC Bank Limited's revenue changed +5.2% in fiscal 2026, to ₹2.50T. Its compound annual growth rate was +21.7% over 5 years and +20.4% over 10 years.
  • What is HDB free cash flow?
    HDFC Bank Limited generated ₹1.07T of free cash flow for fiscal 2026 (ended Mar 31, 2026), which is operating cash flow of ₹1.12T less capital expenditures.
  • What is HDB earnings per share?
    Diluted earnings per share were ₹45.75 for fiscal 2026 (ended Mar 31, 2026), from SEC filings, restated for any stock split those filings show.
  • When did HDB last report financial results?
    The latest statements here come from HDFC Bank Limited's 20-F filed on Jul 29, 2026, covering the period ended Mar 31, 2026.
  • Where does this HDB financial data come from?
    Quantisnow builds these statements from the structured XBRL data HDFC Bank Limited files with the SEC. It is provided for information only and is not investment advice.