HSBC Holdings (GB:HSBA)
LSE:HSBA
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Earnings Data
Report Date
Aug 03, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.33Last Year’s EPS
0.29Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented broad-based operational and financial progress: strong profitability (RoTE 18.7%), revenue growth, wealth franchise momentum, healthy deposit and loan momentum, simplification progress, and upgraded NII guidance. These positives were partially offset by one-off and precautionary hits: a higher Q1 ECL (52 bps) and an increased full-year ECL guidance (around 45 bps), a $0.4 billion fraud-related charge, transaction-related CET1 impacts, and quarter-on-quarter NII headwinds including a one-off. Management emphasized the idiosyncratic nature of some charges, maintained capital and dividend discipline, and flagged stress scenarios. On balance, the operational momentum and upgraded NII guidance outweigh the transitory and idiosyncratic negatives, while management retains conservative planning assumptions.Company Guidance
Strong Profitability and RoTE
Profit before tax excluding notable items of $10.1 billion; annualized return on tangible equity (RoTE) 18.7%, up 0.3 percentage points year-on-year and the highest level in nearly 20 years.
Revenue Growth
Revenue excluding notable items grew 4% year-on-year to $19.1 billion, driven by banking NII and strong growth in wealth fee and other income.
Upgraded Banking NII Guidance
Banking net interest income increased $0.3 billion year-on-year to $11.3 billion; full-year banking NII guidance upgraded to around $46 billion reflecting an improved interest rate outlook.
Wealth Franchise Momentum
Wealth fee and other income grew 15% year-on-year to $2.7 billion; first-quarter wealth balances $1.6 trillion, up 12% ($170 billion) year-on-year; net new money of $39 billion in Q1 (of which $34 billion from Asia). Insurance income up 19%; insurance CSM balance $15.2 billion, +19% year-on-year.
Broad-Based Business Performance
All four business segments grew revenues in the quarter and each delivered annualized RoTE in excess of 17% (excluding notable items); Corporate & Institutional Banking fee lines: Securities Services +11%, Trade +8%, Payments +3%.
Deposit and Loan Momentum
Deposit growth of $99 billion over the last 12 months; CIB deposits increased $10 billion quarter-on-quarter; 70% of deposit base is instant access, indicating breadth/liquidity; loans showed renewed growth, including Hong Kong and UK momentum.
Simplification and Portfolio Actions
Actioned $0.2 billion of simplification savings in the quarter and remain on course to deliver $1.5 billion target; completed privatization of Hang Seng Bank and several disposals (U.K. Life Insurance, Sri Lanka Retail, South Africa) and agreed sale of Indonesian retail business (expected up to $0.4 billion gain on completion, anticipated H1 2027).
Capital and Shareholder Distribution Progress
CET1 ratio at 14%, down 90 basis points in the quarter but back within the operating range of 14%–14.5% due to strong organic capital generation; quarterly dividend $0.10; maintaining target dividend payout ratio of 50% of earnings per share (ex material notable items).
Cost Discipline
On track to achieve target of ~1% cost growth in 2026 (target basis). Q1 cost growth was 3% year-on-year, which includes 1 percentage point driven by higher variable pay accrual; excluding variable pay accrual, target-basis cost growth was ~2% year-on-year.
GB:HSBA 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
GB:HSBA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | 1359.40 p | 1279.80 p | -5.86% |
Feb 25, 2026 | 1257.19 p | 1357.08 p | +7.94% |
Oct 28, 2025 | 970.54 p | 1015.20 p | +4.60% |
Jul 30, 2025 | 930.43 p | 888.23 p | -4.54% |
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 (GB:HSBA) report earnings?
HSBC Holdings (GB:HSBA) is schdueled to report earning on Aug 03, 2026, TBA (Confirmed).
What is HSBC Holdings (GB:HSBA) earnings time?
HSBC Holdings (GB:HSBA) earnings time is at Aug 03, 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 GB:HSBA EPS forecast?
GB:HSBA EPS forecast for the fiscal quarter 2026 (Q2) is 0.33.
