HSBC Holdings plc Earnings Recaps
Q3 2025
Oct 28, 2025
HSBC Holdings plc delivered a robust performance in Q3, reporting revenues of $17.9 billion and an annualized RoTE of 17.6% year-to-date, underscoring strong operational momentum and strategic execution.
Key takeaways
- Total revenues increased by $500 million year-over-year, with banking NII reaching $11 billion, reflecting effective deposit growth.
- Wealth management showed impressive growth with a 29% rise in fee and other income, contributing to total invested assets of $1.5 trillion.
- The strategic decision to privatize Hang Seng Bank is expected to create operational efficiencies and align with HSBC’s growth objectives, while capitalizing on the positive outlook for Hong Kong.
- The bank is on track for a 50% dividend payout ratio by 2025, maintaining a CET1 capital ratio of 14.5% amidst ongoing cost management efforts.
- HSBC continues to exit nonstrategic markets, announcing exits in Malta and Sri Lanka, bringing the total for the year to 11.
Q2 2025
Aug 1, 2025
HSBC Holdings plc reported a strong first half in 2025, with revenue growth of 6% to $35.4 billion and profit before tax rising by 5% to $18.9 billion, demonstrating solid momentum across its core businesses.
Key takeaways
- Annualized return on tangible equity increased to 18.2%, up 1.2% year-on-year, reflecting strong financial performance.
- Deposits grew by $83 billion year-over-year, supported by robust customer acquisition of 100,000 new-to-bank customers monthly in Hong Kong.
- A $0.10 dividend per share and a $3 billion share buyback were announced, totaling $9.5 billion in shareholder distributions for the half year.
- HSBC is on track to achieve approximately $1.5 billion in cost savings by 2026 as part of its organizational simplification efforts.
- Continued investment in Wealth and Corporate Banking segments, including the opening of new wealth centers and innovative financial solutions, enhancing customer engagement and market positioning.