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Hong Kong Exchanges & Clearing (HKXCY)
OTHER OTC:HKXCY
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Hong Kong Exchanges & Clearing (HKXCY) Price & Analysis

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HKXCY Stock Chart & Stats

$50.88
$0.18(0.35%)
At close: 4:00 PM EDT
$50.88
$0.18(0.35%)

Bulls Say, Bears Say

Bulls Say
Strong Cash GenerationConsistent and high operating and free cash flow (FCF-to-net income ~0.87–0.91 historically) gives HKEX durable internal capital to fund technology, support clearing liquidity, maintain dividends, and invest in strategic initiatives without relying on external financing.
Conservative Balance SheetVery low financial leverage and a conservative capital structure reduce funding risk for a market infrastructure provider, improving resilience through market downturns, supporting clearing obligations and credibility with participants, and allowing strategic flexibility over the medium term.
High Profitability And MarginsSustained high gross and net margins reflect fee-based, scalable exchange and post-trade economics and pricing power. That structural profitability supports durable cash returns, reinvestment in platforms, and the ability to absorb cyclical revenue swings without immediate margin erosion.
Bears Say
Earnings CyclicalityRevenue and cash flows move with market volumes, volatility and IPO cycles; this structural sensitivity means multi-quarter earnings can swing materially, complicating long-term forecasting, capital allocation timing and making operating results dependent on external market conditions.
Margin InconsistencyMargins have shown variability driven by mix of higher-fee products, non-recurring items and activity levels. Persistent margin swings reduce predictability of core profitability and make it harder to separate durable operating performance from transitory gains.
Large Asset Base Increases SensitivityA very large asset base relative to equity (typical for exchange/clearing firms) means earnings and returns can amplify moves in transaction volumes and valuation drivers; even with low debt, business economics remain exposed to structural market cycle swings.

Hong Kong Exchanges & Clearing News

HKXCY FAQ

What was Hong Kong Exchanges & Clearing’s price range in the past 12 months?
Hong Kong Exchanges & Clearing lowest stock price was $46.19 and its highest was $59.25 in the past 12 months.
    What is Hong Kong Exchanges & Clearing’s market cap?
    Hong Kong Exchanges & Clearing’s market cap is $65.54B.
      When is Hong Kong Exchanges & Clearing’s upcoming earnings report date?
      Hong Kong Exchanges & Clearing’s upcoming earnings report date is Aug 19, 2026 which is in 2 days.
        How were Hong Kong Exchanges & Clearing’s earnings last quarter?
        Hong Kong Exchanges & Clearing released its earnings results on Apr 29, 2026. The company reported $0.522 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.062.
          Is Hong Kong Exchanges & Clearing overvalued?
          According to Wall Street analysts Hong Kong Exchanges & Clearing’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Hong Kong Exchanges & Clearing pay dividends?
            Hong Kong Exchanges & Clearing pays a Semiannually dividend of $0.832 which represents an annual dividend yield of 3.13%. See more information on Hong Kong Exchanges & Clearing dividends here
              What is Hong Kong Exchanges & Clearing’s EPS estimate?
              Hong Kong Exchanges & Clearing’s EPS estimate is 0.49.
                How many shares outstanding does Hong Kong Exchanges & Clearing have?
                Hong Kong Exchanges & Clearing has 1,267,837,000 shares outstanding.
                  What happened to Hong Kong Exchanges & Clearing’s price movement after its last earnings report?
                  Hong Kong Exchanges & Clearing reported an EPS of $0.522 in its last earnings report, beating expectations of $0.46. Following the earnings report the stock price went up 2.982%.
                    Which hedge fund is a major shareholder of Hong Kong Exchanges & Clearing?
                    Currently, no hedge funds are holding shares in HKXCY
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Hong Kong Exchanges & Clearing Stock Smart Score

                      6
                      Neutral
                      1
                      2
                      3
                      4
                      5
                      6
                      7
                      8
                      9
                      10

                      Technicals

                      SMA
                      Positive
                      20 days / 200 days
                      Momentum
                      41.61%
                      12-Months-Change

                      Fundamentals

                      Return on Equity
                      3.13%
                      Trailing 12-Months
                      Asset Growth
                      47.35%
                      Trailing 12-Months

                      Company Description

                      Hong Kong Exchanges & Clearing

                      Hong Kong Exchanges and Clearing Limited (HKEX), through its various subsidiary companies, is a key global player in the financial markets. It is responsible for owning and managing stock and futures exchanges, alongside their associated clearing houses, across Hong Kong, Mainland China, and the United Kingdom. The company's operations are divided into five principal areas: Cash, Equity and Financial Derivatives, Commodities, Post Trade, and Technology. The Cash division manages a wide selection of equity products traded on the cash market platforms of The Stock Exchange of Hong Kong Limited, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange. This segment also generates revenue from selling market-related data and other complementary activities. The Equity and Financial Derivatives segment is dedicated to developing and maintaining robust trading platforms for a diverse range of equity and financial derivative instruments. These include items such as stock and equity index futures and options, derivative warrants, and callable bull/bear contracts. It also sells relevant market data. In the Commodities sector, HKEX oversees an exchange in the United Kingdom for trading futures and options contracts involving base, ferrous, and precious metals. Additionally, it operates the Qianhai Mercantile Exchange Co., Ltd., a significant commodity trading venue in Mainland China, and handles other commodity contracts traded on its Futures Exchange. The Post Trade segment operates crucial clearing houses that provide vital services including clearing, settlement, depository, custodianship, and nominee functions, ensuring the integrity of transactions. Finally, the Technology segment offers various services designed to provide users with efficient access to the company's sophisticated trading platforms and underlying infrastructure. Serving both companies that issue securities and a broad base of investors, Hong Kong Exchanges and Clearing Limited maintains its corporate headquarters in Central, Hong Kong.

                      Hong Kong Exchanges & Clearing (HKXCY) Earnings & Revenues

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                      Ownership Overview

                      <0.01%<0.01%99.99%
                      Insiders
                      <0.01% Other Institutional Investors
                      99.99% Public Companies and
                      Individual Investors
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