HSBC Holdings plc Q3 2025 Earnings Recap

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.