HSBC's earnings call presented a generally positive outlook with significant revenue and profit growth, strong customer and deposit inflows, and successful strategic initiatives, despite some challenges in commercial real estate and impairments.

Company Guidance -

Q3 2025

During the call, HSBC provided comprehensive guidance on several financial metrics and strategic initiatives. The bank reported a 6% increase in revenue for the first half of 2025, reaching $35.4 billion, with profit before tax rising by 5% to $18.9 billion. The annualized return on tangible equity improved to 18.2%, up 1.2% year-on-year. HSBC highlighted strong growth in its Hong Kong market, attracting 100,000 new customers monthly, and a $6 billion increase in its U.K. loan book. The second quarter saw a $0.10 dividend per share and a share buyback of up to $3 billion, bringing total shareholder distributions to $9.5 billion. The bank maintained its full-year guidance for banking net interest income (NII) at around $42 billion, despite external challenges like HIBOR headwinds. HSBC is on track to deliver $1.5 billion in simplification savings by 2026, with $0.4 billion expected in 2025. The bank also revised its full-year expected credit loss (ECL) guidance to around 40 basis points. Additionally, HSBC is progressing with exits from non-strategic activities and is investing heavily in wealth centers in key markets such as Hong Kong and the U.K. The call emphasized the bank's strong financial position and its focus on simplifying operations while pursuing growth in strategic areas.

Strong Revenue and Profit Growth

Excluding notable items, revenue in the first half grew 6% to $35.4 billion, and profit before tax was 5% higher at $18.9 billion. Annualized return on tangible equity was 18.2%, up 1.2% year-on-year.

Customer and Deposit Growth

In Hong Kong, HSBC attracted 100,000 new-to-bank customers every month, and deposits grew by $83 billion year-on-year, reflecting strong customer growth.

Shareholder Distributions

A $0.10 dividend per share was announced alongside a share buyback of up to $3 billion, bringing total shareholder distributions for the half year to $9.5 billion.

Wealth Business Expansion

HSBC is seeing continued momentum in its Wealth business, capturing affluent and high net worth customers in Asia and the Middle East, with net new invested assets of $22 billion in the second quarter.

Organizational Simplification Progress

HSBC is on track to deliver around $1.5 billion of simplification savings by the end of 2026, with $0.4 billion realized in 2025.

Successful Exits of Non-Strategic Activities

HSBC announced the sale of several non-strategic businesses, including its operations in Uruguay and its U.K. life insurance subsidiary.

HSBC Holdings (HK:0005) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HK:0005 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	2.47 / -	2.662	―	―	―
Jul 30, 2025	2025 (Q2)	2.58 / 3.05	2.74	11.43% (+0.31)	―	―
Apr 29, 2025	2025 (Q1)	2.58 / 3.05	4.228	-27.78% (-1.17)	―	―
Feb 19, 2025	2024 (Q4)	2.03 / 2.27	1.879	20.83% (+0.39)	―	―
Oct 29, 2024	2024 (Q3)	2.36 / 2.66	2.27	17.24% (+0.39)	―	―
Jul 31, 2024	2024 (Q2)	2.52 / 2.74	2.701	1.45% (+0.04)	―	―
Apr 30, 2024	2024 (Q1)	2.52 / 4.23	4.071	3.85% (+0.16)	―	―
Feb 21, 2024	2023 (Q4)	2.15 / 1.88	1.801	4.35% (+0.08)	―	―
Oct 30, 2023	2023 (Q3)	2.37 / 2.27	0.783	190.00% (+1.49)	―	―
Aug 01, 2023	2023 (Q2)	2.49 / 2.70	2.192	23.21% (+0.51)	―	―

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

HK:0005 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	HK$100.02	HK$96.20	-3.82%
Apr 29, 2025	HK$84.35	HK$86.91	+3.03%
Feb 19, 2025	HK$83.22	HK$84.37	+1.38%
Oct 29, 2024	HK$65.18	HK$67.59	+3.69%

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.