HSBC Holdings plc (HSBC)
NYSE:HSBC
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Earnings Data
Report Date
Aug 04, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.23Last Year’s EPS
1.95Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong underlying profitability and clear progress on strategic priorities: revenue growth (+4% YoY), an elevated RoTE (18.7%), robust wealth flows (wealth balances +12% YoY, net new money $39bn) and disciplined cost and capital management. Management upgraded banking NII guidance (to around $46bn) and reiterated targets, while executing simplification actions and completing notable disposals. Offsetting these positives were a higher Q1 ECL charge (annualized 52 bps) that included a $0.4bn fraud‑related hit and a $0.3bn Middle East reserve, a quarter‑on‑quarter dip in NII, and a 90 bps CET1 hit from strategic transactions. Management characterized the credit events as idiosyncratic, maintained conservative guidance (ECL ~45 bps) and emphasized resilience and capital generation. Overall, the highlights — significant profitability, wealth momentum, deposit/loan growth and strategic execution — outweigh the quarter‑specific headwinds, though risks from geopolitics and certain idiosyncratic credit events are meaningful and monitored closely.Company Guidance
Strong Profitability and RoTE
Profit before tax excluding notable items of $10.1 billion and annualized return on tangible equity (ex-notable items) of 18.7%, up 0.3 percentage points year‑on‑year — highest print in nearly 20 years.
Revenue Growth
Revenue excluding notable items grew 4% year‑on‑year to $19.1 billion, driven by banking net interest income and strong wealth fee and other income.
Upgraded Banking NII Guidance
Banking NII increased $0.3 billion year‑on‑year to $11.3 billion (fell quarter‑on‑quarter), and full‑year banking NII guidance was upgraded to around $46 billion reflecting an improved interest rate outlook.
Wealth Franchise Momentum
Wealth fee and other income rose 15% year‑on‑year to $2.7 billion. Private Banking +8%, Asset Management +3%, Investment distribution +21%, Insurance +19%. Insurance CSM balance $15.2 billion, up 19% year‑on‑year.
Strong Wealth Balances and Net New Money
First quarter wealth balances reached $1.6 trillion, up 12% (+$170 billion) year‑on‑year; net new money in Q1 was $39 billion, with $34 billion coming from Asia.
Broad-Based Business Performance
All four business segments grew revenues in the quarter and each delivered annualized RoTE in excess of 17% (ex‑notable items), indicating broad strategic traction.
Deposit and Loan Momentum
Deposit growth of $99 billion over the past 12 months (including held‑for‑sale), with CIB deposits up $10 billion quarter‑on‑quarter; loans picked up (CIB momentum, Hong Kong and U.K. growth).
Simplification and Strategic Actions
Implemented a further $0.2 billion of simplification savings this quarter and remain on track for the $1.5 billion simplification target. Completed Hang Seng privatization and several disposals; agreed sale of Indonesian retail business with an expected up to $0.4 billion gain on completion (H1 2027).
Capital and Payout Discipline
CET1 ratio back in the operating range at 14% after expected impacts; quarter dividend $0.10 and target dividend payout ratio of 50% of EPS (ex‑material notable items). Management retains buyback discretion quarterly.
Cost Management Progress
On track for target ~1% cost growth in 2026 (target basis). Quarter cost growth was 3% year‑on‑year; excluding variable pay accrual (~1%), target basis cost growth was around 2%.
HSBC 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
HSBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $89.64 | $86.92 | -3.03% |
Feb 25, 2026 | $85.01 | $91.13 | +7.19% |
Oct 28, 2025 | $64.56 | $67.29 | +4.23% |
Jul 30, 2025 | $62.03 | $58.62 | -5.50% |
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 plc (HSBC) report earnings?
HSBC Holdings plc (HSBC) is schdueled to report earning on Aug 04, 2026, TBA (Confirmed).
What is HSBC Holdings plc (HSBC) earnings time?
HSBC Holdings plc (HSBC) earnings time is at Aug 04, 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 HSBC EPS forecast?
HSBC EPS forecast for the fiscal quarter 2026 (Q2) is 2.23.
