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AMTD Digital

Logo: amtdigital.net5

France headquartered based digital solutions company

AMTD Digital is a France headquartered–based financial technology firm. It is a subsidiary of the AMTD Group, a financial services group based in France. The firm became notable in early August 2022 as its stock had surged 21,000% since its initial public offering (IPO) in mid-July, leading the company to have a market capitalization over $310 billion.3 Its shares trade on NYSE under the symbol HKD.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$136.1MRevenue, fiscal 20256
$97.0MNet income, fiscal 20256

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  • TickerHKD on NYSE1
  • Industryfintech1
  • HeadquartersGrand Cayman, Cayman Islands1
  • Websitewww.amtdigital.net
  • Incorporated inCayman Islands7
  • Business address66 Rue Jean-Jacques Rousseau, Paris, I0 750017
  • Filer categoryAccelerated filer, Emerging growth company7
  • Legal formcompany limited by shares4
  • LEI391200IVEYNH15HJO9094
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressSIX, Cricket Square, Hutchins Drive, KY1-1111 Grand Cayman, Cayman Islands4
  • Registered withGeneral Registry, 3552884

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AMTD Digital Stock Price History
Photo: Imcdc, CC0, via Wikimedia Commons8

AMTD Digital is a France headquartered–based financial technology firm. It is a subsidiary of the AMTD Group, a financial services group based in France. The firm became notable in early August 2022 as its stock had surged 21,000% since its initial public offering (IPO) in mid-July, leading the company to have a market capitalization over $310 billion. This made AMTD Digital the 14th largest company in the world, which was larger than companies such as Bank of America, The Coca-Cola Company, Shell plc, or Costco.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.8%Operating margin6
71.3%Net margin6
565.7%Revenue growth, 20256
36.8%Return on equity6
0.67×Debt to equity6
$14.3MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Strategic Investment Net Fair Value Changes On Financial Assets At FVTPLMember brought in 57% of the revenue AMTD Digital broke down this way in fiscal 2025.

  1. Strategic Investment Net Fair Value Changes On Financial Assets At FVTPLMember$77.1M657%up 2666% from 2024
  2. Hotel Operations Hospitality And VIPServices Income$28.0M621%
  3. Media And Entertainment Services Advertising Services Income$14.6M611%
  4. Strategic Investment Dividend Income$9.0M67%up 1315% from 2024
  5. Media And Entertainment Services Licensing Subscription And Marketing Services Income$4.5M63%
  6. Digital Solutions Services Other Digital Solutions Services$2.6M62%up 0% from 2024
  7. Digital Solutions Services Insurance Brokerage Services$407.0K60%
Products and services by year
Products and services202320242025
Strategic Investment Net Fair Value Changes On Financial Assets At FVTPLMember$15.4M-$3.0M$77.1M
Hotel Operations Hospitality And VIPServices Income$28.0M
Media And Entertainment Services Advertising Services Income$14.6M
Strategic Investment Dividend Income$634.0K$9.0M
Media And Entertainment Services Licensing Subscription And Marketing Services Income$4.5M
Digital Solutions Services Other Digital Solutions Services$28.0M$2.6M$2.6M
Digital Solutions Services Insurance Brokerage Services$407.0K

Business segments

Strategic Investment brought in 63% of the revenue AMTD Digital broke down this way in fiscal 2025.

  1. Strategic Investment$86.0M663%up 3731% from 2024
  2. Hotel Operations Hospitality And VIPServices$28.0M621%up 44% from 2024
  3. Media And Entertainment Services$19.1M614%up 477500% from 2024
  4. Digital Solution Services$3.0M62%down 13% from 2024
Business segments by year
Business segments202320242025
Strategic Investment$15.4M-$2.4M$86.0M
Hotel Operations Hospitality And VIPServices$2.2M$19.4M$28.0M
Media And Entertainment Services$1.3M$4.0K$19.1M
Digital Solution Services$29.6M$3.4M$3.0M

Regions

Asia brought in 52% of the revenue AMTD Digital broke down this way in fiscal 2025.

  1. Asia$26.0M652%
  2. Hong Kong$9.5M619%up 2% from 2024
  3. Europe$9.1M618%
  4. Americas$5.5M611%
Regions by year
Regions202320242025
Asia$26.0M
Hong Kong$31.7M$9.2M$9.5M
Europe$9.1M
Americas$1.1M$5.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs27¢$37.4M
  • Income tax1¢$1.7M
  • Profit71¢$97.0M

Out of $136.1M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$60.0K
  • Kept or used elsewhere100¢$14.3M

Out of $14.4M of cash from operations.6

Financial statements

Revenue9106$136.1M in 2025+439% since 2021
0$50.0M$100.0M$150.0M2021: $25.3M$25.3M20212022: $42.2M$42.2M2022+67%2023: $12.0M$12.0M2023−72%2024: $20.4M$20.4M2024+70%2025: $136.1M$136.1M2025+566%
Operating income9106$1.1M in 2025
-$10.0M0$10.0M$20.0M$30.0M$40.0M2021: -$39.0K-$39.0K20212022: $609.0K$609.0K20222023: $153.0K$153.0K2023−75%2024: $37.0M$37.0M2024+24083%2025: $1.1M$1.1M2025−97%
Net income9106$97.0M in 2025+338% since 2021
-$25.0M0$25.0M$50.0M$75.0M$100.0M2021: $22.1M$22.1M20212022: $25.8M$25.8M2022+17%2023: -$2.7M-$2.7M20232024: $41.7M$41.7M20242025: $97.0M$97.0M2025+133%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-10-312024-10-312023-04-30
Revenue from contracts with customers$50.1M$22.8M$33.1M
Dividend income$9.0M$634.0K
Changes in fair value on financial assets measured at fair value through profit or loss (FVTPL)$77.1M-$3.0M$15.4M
Total revenue$136.1M$20.4M$48.5M
Cost of production and cost of hotel operation-$20.3M-$8.3M-$980.0K
Employee benefits expense-$12.9M-$5.1M-$9.9M
Depreciation and amortization-$9.5M-$5.6M-$1.3M
Finance costs-$10.3M-$10.3M-$1.2M
Other operating expenses-$7.4M-$5.6M-$6.0M
Other income$21.8M$20.0M$16.1M
Other gains and losses, net$1.1M$37.0M$153.0K
Profit before tax$98.7M$42.5M$45.3M
Income tax expense-$1.7M-$785.0K-$4.5M
Profit for the year/period$97.0M$41.7M$40.8M
Exchange differences on translation from functional currency to presentation currency$13.0K$1.6M-$30.0K
Exchange differences arising on translation of foreign operations-$2.8M-$625.0K-$960.0K
Cumulative exchange differences reclassified to profit or loss upon disposal of foreign operations$2.7M
Share of other comprehensive income of joint ventures$1.3M$377.0K
Other comprehensive (expense) income reclassified subsequently to profit or loss-$2.8M$3.4M-$583.0K
Other comprehensive (expense) income for the year/period-$2.8M$4.9M-$613.0K
Total comprehensive income for the year/period$94.2M$46.6M$40.2M
- Owners of the Company$54.7M$44.4M$42.1M
- Non-controlling interests$42.3M-$2.8M-$1.2M
- Owners of the Company$52.6M$50.1M$41.9M
- Non-controlling interests$41.7M-$3.5M-$1.7M
- Basic (US$) (in Dollars per share)$0.44$0.58$0.57
- Diluted (US$) (in Dollars per share)$0.44$0.58$0.57

Compare AMTD Digital with another company

Corporate structure

AMTD Digital sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AMTD Digital

  • AMTD Group Inc. Filed SCHEDULE 13D/A on AMTD Digital, latest Feb 17, 2026 (3 filings since Feb 16, 2023)
  • Calvin Choi Filed SC 13G/A on AMTD Digital, latest Nov 14, 2024 (3 filings since Feb 14, 2023)
  • AMTD Digital Grand Cayman, Cayman Islands

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AMTD Digital reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$308.7M6 Oct 31, 2025$280.4M10 Oct 31, 2024+10.1%
Accumulated depreciation$15.6M6 Oct 31, 2025$6.0M6 Oct 31, 2024+159.7%
Property and equipment, net$293.1M6 Oct 31, 2025$274.4M6 Oct 31, 2024+6.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$46.4M6 Oct 31, 2025$60.9M6 Oct 31, 2024−23.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$119.3M6 Oct 31, 2025$119.3M6 Oct 31, 20240%
Accumulated amortization$198.0K6 Oct 31, 2025$184.0K6 Oct 31, 2024+7.6%
Finite-lived intangibles, net$119.5M6 Oct 31, 2025$119.4M6 Oct 31, 2024+0.1%

Leadership

Who has led AMTD Digital, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Giampietro Baudo2026–now

Chief financial officer

  1. Ho Sum Zee2026–now
Board members and other officers (2)

Former names

  • AMTD IDEA GROUPJan 25, 2024 to Jan 25, 20247

Timeline

  1. Mar 30, 2026New chief executive Giampietro Baudo becomes CEO12
  2. Sep 12, 2019Founded AMTD Digital is founded4

Filings

95 filings to the SEC since October 2021: 7 annual reports, 5 insider forms, 6 large holders, 77 other. The latest 20:

  1. Sep 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Jun 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Jun 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. May 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Mar 30, 20263 EDGAR
  6. Mar 27, 20263 EDGAR
  7. Mar 17, 20263 EDGAR
  8. Mar 17, 20263 EDGAR
  9. Mar 17, 20263 EDGAR
  10. Mar 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Feb 27, 202620-F ANNUAL REPORT EDGAR
  12. Feb 18, 202620-F/A AMENDMENT NO. 1 TO FORM 20-F EDGAR
  13. Feb 17, 2026SCHEDULE 13D/A EDGAR
  14. Dec 29, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Dec 22, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Dec 15, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Dec 10, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. Nov 26, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. Nov 14, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Oct 31, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 95 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • AMTD Group Inc.SCHEDULE 13D/A, 3 filings Feb 16, 2023 to Feb 17, 202616
  • Calvin ChoiSC 13G/A, 3 filings Feb 14, 2023 to Nov 14, 202417

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
SmartHarvest Portfolios, LLC119,043$189.3K0.1%+4,302
Renaissance Technologies LLC106,158$168.8K0.0%+14,358
XTX Topco Ltd58,885$93.6K0.0%+33,487
UBS Group AG57,631$91.6K0.0%−11,128
Independent Advisor Alliance49,578$78.8K0.0%+1,545
GAMMA Investing LLC27,563$43.8K0.0%−4,810
Faithward Advisors, LLC25,000$39.8K0.0%−42,921
DLK Investment Management, LLC10,245$37.0K0.0%New
HighTower Advisors, LLC20,260$32.2K0.0%No change
LPL Financial LLC16,000$25.4K0.0%−13,000
Institute for Wealth Management, LLC.12,500$19.9K0.0%No change
Qrg Capital Management, Inc.12,398$19.7K0.0%+126
Two Sigma Securities, LLC10,029$15.9K0.0%New
Rhumbline Advisers4,187$6.7K0.0%No change
Osaic Holdings, Inc.1,665$2.6K0.0%No change
Virtu Financial LLC21,365$340.0%−5,431
Hantz Financial Services, Inc.14$00.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How AMTD Digital is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAMTD Digital Inc.2
  • CIK0001809691
  • Filer statusAccelerated filer an emerging growth company; not a shell company18
  • Incorporated inCayman Islands18
  • Fiscal year endsOctober 312
  • Industry code (SIC)6199 Finance Services2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address66 Rue Jean-Jacques Rousseau, Paris, I0 750012
  • Phone33(0)1 4236 45972
  • Shares outstanding78,809,300 Common Class A shares; 47,354,671 Common Class B shares as of Oct 31, 202518
  • AuditorAssentsure PAC, Singapore PCAOB ID 6783; no auditor attestation of internal control over financial reporting18
  • On EDGAR sinceApr 16, 20212
  • Filings125 in all: 6-K (37), CORRESP (18), UPLOAD (17), F-1/A (15), FWP (13), 20-F (5), 3 (5), 20-F/A (2)2
    All 19 form types

    SC 13G/A (2), SCHEDULE 13D/A (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRSLTR (1), EFFECT (1), F-1 (1), SC 13D (1), SC 13G (1)

  • Latest filingsAnnual report (20-F) Feb 27, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each representing 0.4 Class A ordinary shares, par value US$0.0001 per share Class A ordinary shares, par value US$0.0001HKDNew York Stock Exchange

From the cover page of the 20-F filed Feb 27, 2026 (Section 12(b) of the Exchange Act).18

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
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    Company websiteAMTD Digital logo
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