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HSBC Holdings (DE:HBC1)
XETRA:HBC1
Earnings Data
Report Date
May 05, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a strong operating performance in 2025—record profit before tax, improved ROTE (17.2%), deposit and wealth inflows, completion of the strategic Hang Seng privatization, continued cost discipline and clear medium-term targets (revenues to grow year-on-year, ROTE ≥17% and a 50% payout ratio). Notable near-term challenges were acknowledged: $6.7 billion of notable items in 2025 and a $0.6 billion restructuring charge for Hang Seng, elevated ECL guidance (~40 bps) reflecting Hong Kong CRE pressures, a Q4 one-off NII benefit, and a temporary suspension of buybacks due to capital impact from the privatization. Overall, the positive operational momentum, strategic execution (including completed privatization), and upgraded targets materially outweigh the headwinds called out, supporting a constructive outlook but with clear areas of vigilance (CRE, rate timing and ECL sensitivity).Company Guidance
Record Profit Before Tax and Revenue Growth
Full-year revenues grew 5% (constant currency) and profit before tax rose 7% to a record $36.6 billion for 2025.
Strong Return on Tangible Equity
Return on tangible equity (ROTE) reached 17.2% for 2025; management is targeting 17% or better in each year from 2026–2028 (excluding notable items).
Dividend Increase
Ordinary dividend per share of $0.75 for the year, up 14% versus 2024 (total ordinary dividend $12.9 billion).
Deposit and Balance Sheet Strength
Customer deposit balances grew 5% year-on-year (year-end deposits $1.8 trillion, an increase of $78 billion including held-for-sale balances); deposit growth in each of the four businesses and a core funding base supporting banking NII.
Wealth Business Momentum
Wealth fee and other income grew strongly (Manveen: 20% y/y to $2.1 billion); Wealth attracted net new invested assets of $80 billion (company-stated annual figure) and $26 billion net new money in Q4 ($19 billion in Asia). Asset Management +14%, Private Banking +8%, Investment Distribution +14%, Insurance CSM balance +21% to $14.6 billion.
Transaction Banking Resilience
Wholesale transaction banking showed broad-based strength: security services fees +6% in the quarter, payments +3%, foreign exchange +1% (trade -5% in the quarter but stable over the full year).
Completed Privatization of Hang Seng Bank
Completed $13.7 billion privatization of Hang Seng Bank on 26 January (ahead of plan). Removal of $3.8 billion minority capital inefficiency improves capital efficiency; management expects $0.5 billion reported synergies plus $0.4 billion additional upside (total $0.9 billion) by end-2028.
Capital Position and Guidance
CET1 ratio strengthened to 14.9% (up 40 bps in the quarter). Management reiterated CET1 operating range of 14%–14.5% and expects strong organic capital generation; guidance for banking NII of at least $45 billion for 2026.
Cost Discipline and Simplification Progress
Target-basis cost growth of 3% in 2025 (in line with target). Actions realized $1.2 billion of annualized simplification savings (with $0.6 billion fed into FY2025 P&L); management guiding to 1% target-basis cost growth for 2026 and delivery of $1.5 billion reorganization savings by H1 2026.
Technology & AI Investment with Early Productivity Gains
Large-scale application rationalization underway (over 1,100 apps decommissioned in 2025) and multi-pronged generative AI program: colleague enablement, end-to-end process reengineering, and enhanced customer experience. Early engineering productivity gains reported (e.g., ~60% faster unit testing, 5x faster patching).
DE:HBC1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:HBC1 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | €14.80 | €15.98 | +7.97% |
Oct 28, 2025 | €11.46 | €11.92 | +3.99% |
Jul 30, 2025 | €11.10 | €10.60 | -4.44% |
Apr 29, 2025 | €9.60 | €9.89 | +2.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does HSBC Holdings (DE:HBC1) report earnings?
HSBC Holdings (DE:HBC1) is schdueled to report earning on May 05, 2026, TBA (Confirmed).
What is HSBC Holdings (DE:HBC1) earnings time?
HSBC Holdings (DE:HBC1) earnings time is at May 05, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of HSBC Holdings stock?
The P/E ratio of HSBC Holdings is N/A.
What is DE:HBC1 EPS forecast?
DE:HBC1 EPS forecast for the fiscal quarter 2026 (Q1) is 0.37.
