The earnings call reflected a strong quarter for HSBC with notable revenue growth, strategic exits, and significant achievements in wealth management, offset by some legal and credit challenges.

Company Guidance

During the third quarter of 2025, HSBC Holdings plc reported strong financial performance, highlighted by a total revenue increase of $500 million to $17.9 billion and an annualized return on tangible equity (RoTE) of 17.6% year-to-date, excluding notable items. The bank's customer deposit balances rose to $1.7 trillion, with a $86 billion increase, including held-for-sale balances. HSBC announced an upgrade to its 2025 guidance, projecting banking net interest income (NII) to reach $43 billion or better, and RoTE to be in the mid-teens or higher. The quarter also saw a 29% growth in Wealth fee and other income to $2.7 billion, with net new invested assets totaling $29 billion. The bank's Common Equity Tier 1 (CET1) capital ratio stood at 14.5%, and it maintained a 50% dividend payout ratio target for 2025. HSBC continued its strategic exits from non-core businesses, including HSBC Malta and Retail Banking in Sri Lanka, while advancing with a strategic review of its Egyptian retail banking operations. The bank remains committed to a 3% cost growth target by 2025 compared to 2024, and has realized $1 billion in annualized simplification savings year-to-date.

Strong Financial Performance

HSBC reported total revenues of $17.9 billion, marking a growth of $500 million. The bank's annualized RoTE was 17.6% year-to-date excluding notable items.

Successful Wealth Management Growth

Wealth management witnessed a 29% growth in fee and other income, with net new invested assets of $29 billion, primarily driven by Asian markets.

Strategic Business Exits

HSBC announced exits from HSBC Malta and Retail Banking in Sri Lanka, with a total of 11 exits announced so far this year, aligning with strategic goals.

Positive Deposit Growth

Customer deposit balances reached $1.7 trillion, with an increase of $86 billion over the last 12 months, reflecting strong deposit growth momentum.

Upgraded Financial Targets

HSBC upgraded its 2025 banking NII target to $43 billion or better, and its 2025 RoTE target to mid-teens or better, demonstrating confidence in future performance.

HSBC Holdings (GB:HSBA) Earnings, Revenues Date & History

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GB:HSBA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 25, 2026	2025 (Q4)	0.23 / -	0.219	―	―	―
Oct 28, 2025	2025 (Q3)	0.26 / 0.27	0.256	5.88% (+0.02)	―	―
Jul 30, 2025	2025 (Q2)	0.25 / 0.29	0.264	11.43% (+0.03)	―	―
Apr 29, 2025	2025 (Q1)	0.25 / 0.29	0.407	-27.78% (-0.11)	―	―
Feb 19, 2025	2024 (Q4)	0.20 / 0.22	0.181	20.83% (+0.04)	―	―
Oct 29, 2024	2024 (Q3)	0.23 / 0.26	0.219	17.24% (+0.04)	―	―
Jul 31, 2024	2024 (Q2)	0.24 / 0.26	0.26	1.45% (<+0.01)	―	―
Apr 30, 2024	2024 (Q1)	0.24 / 0.41	0.392	3.85% (+0.02)	―	―
Feb 21, 2024	2023 (Q4)	0.21 / 0.18	0.173	4.35% (<+0.01)	―	―
Oct 30, 2023	2023 (Q3)	0.23 / 0.22	0.075	190.00% (+0.14)	―	―

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

GB:HSBA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 28, 2025	1004.00p	1050.20p	+4.60%
Jul 30, 2025	962.51p	918.85p	-4.54%
Apr 29, 2025	820.04p	841.58p	+2.63%
Feb 19, 2025	856.81p	854.23p	-0.30%

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.