Hong Kong Exchanges and Clearing Ltd

00388: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hong Kong Exchanges and Clearing Earnings: Normalization Setting In as Stimulus Is Cycled

Roy Van Keulen

Feb 26, 2026

Full-year earnings per share for HKEx increased 36%, driven by a 30% increase in revenue from nearly 50% growth in trading and clearing fees, while operating expenses grew just 5%.

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Hong Kong Exchanges and Clearing Ltd

Hong Kong Exchanges and Clearing Earnings: Normalization Setting In as Stimulus Is Cycled

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