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Side-by-side financial comparison of BANK OF MONTREAL /CAN/ (BMO) and HSBC HOLDINGS PLC (HSBC). Click either name above to swap in a different company.
HSBC HOLDINGS PLC is the larger business by last-quarter revenue ($28.6B vs $7.2B, roughly 4.0× BANK OF MONTREAL /CAN/). HSBC HOLDINGS PLC runs the higher net margin — 25.7% vs 25.3%, a 0.3% gap on every dollar of revenue. HSBC HOLDINGS PLC produced more free cash flow last quarter ($37.7B vs $1.0B).
The Bank of Montreal, abbreviated as BMO, is a Canadian multinational investment bank and financial services company.
HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world.
BMO vs HSBC — Head-to-Head
Income Statement — Q1 2026 vs Q4 2024
| Metric | | |
|---|---|---|
| Revenue | $7.2B | $28.6B |
| Net Profit | $1.8B | $7.3B |
| Gross Margin | — | — |
| Operating Margin | — | 33.1% |
| Net Margin | 25.3% | 25.7% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $0.36 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $7.2B | — | ||
| Q3 25 | $6.6B | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | — | $28.6B |
| Q1 26 | $1.8B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | — | $7.3B |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 33.1% |
| Q1 26 | 25.3% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | 22.6% | — | ||
| Q1 25 | — | 25.7% |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.2B | $434.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.6B | $192.3B |
| Total Assets | $1064.4B | $3017.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.2B | — | ||
| Q3 25 | $42.8B | — | ||
| Q2 25 | $47.7B | — | ||
| Q1 25 | — | $434.9B |
| Q1 26 | $62.6B | — | ||
| Q3 25 | $63.3B | — | ||
| Q2 25 | $62.7B | — | ||
| Q1 25 | — | $192.3B |
| Q1 26 | $1064.4B | — | ||
| Q3 25 | $1045.0B | — | ||
| Q2 25 | $1051.4B | — | ||
| Q1 25 | — | $3017.0B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $38.6B |
| Free Cash FlowOCF − Capex | $1.0B | $37.7B |
| FCF MarginFCF / Revenue | 14.4% | 132.1% |
| Capex IntensityCapex / Revenue | 3.9% | 3.1% |
| Cash ConversionOCF / Net Profit | 0.72× | 5.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q3 25 | $-3.1B | — | ||
| Q2 25 | $-2.3B | — | ||
| Q1 25 | — | $38.6B |
| Q1 26 | $1.0B | — | ||
| Q3 25 | $-3.4B | — | ||
| Q2 25 | $-2.7B | — | ||
| Q1 25 | — | $37.7B |
| Q1 26 | 14.4% | — | ||
| Q3 25 | -51.3% | — | ||
| Q2 25 | -41.8% | — | ||
| Q1 25 | — | 132.1% |
| Q1 26 | 3.9% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | — | 3.1% |
| Q1 26 | 0.72× | — | ||
| Q3 25 | -1.81× | — | ||
| Q2 25 | -1.63× | — | ||
| Q1 25 | — | 5.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
