The earnings call demonstrated strong revenue growth and shareholder returns, alongside significant customer growth and technological investments. However, challenges in the Hong Kong CRE market, HIBOR-related headwinds, and impairment in BoCom present notable concerns. The sentiment reflects a balanced outlook with positive achievements and existing challenges.

Company Guidance -

Q3 2025

During the recent HSBC Holdings plc analyst and investor webinar, the guidance provided by Group CEO Georges Elhedery highlighted several key financial metrics and strategic insights. For the first half of 2025, revenue, excluding notable items, grew by 6% to $35.4 billion, with profit before tax rising 5% to $18.9 billion. The annualized return on tangible equity increased by 1.2% year-on-year to 18.2%. The bank's strategy included sustaining earnings momentum across its four businesses, notably attracting 100,000 new-to-bank customers monthly in Hong Kong, and achieving a $6 billion increase in the U.K. loan book. HSBC's financial strength was underscored by an $83 billion growth in deposits over the past year. The bank announced a $0.10 dividend per share and a share buyback of up to $3 billion, resulting in total shareholder distributions of $9.5 billion for the half year. HSBC reaffirmed its full year banking net interest income guidance of around $42 billion, despite facing HIBOR headwinds, and maintained its mid-teens return on tangible equity guidance for 2025, 2026, and 2027. The bank is also on track to achieve $1.5 billion in simplification savings by 2026, with $0.4 billion expected to impact the 2025 profit and loss statement.

Strong Revenue Growth

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 Growth in Hong Kong

In Hong Kong, 100,000 new-to-bank customers were attracted every month on average in 2025, indicating strong customer growth and solid deposit inflows.

Growth in Wealth and Wholesale Banking

Fees and other income in Wealth and Wholesale transaction banking grew. Wealth businesses attracted net new invested assets of $22 billion in the quarter.

Significant Shareholder Returns

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.

Expansion in Wealth Centers

Opened new wealth centers in Hong Kong and the U.K., with further expansions planned, enhancing wealth capabilities and customer engagement.

Technological Advancements

Modernization through AI and Automation was highlighted, improving technology productivity and customer service.

HSBC Holdings (HSBC) Earnings, Revenues Date & History

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HSBC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	1.57 / -	1.7	―	―	―
Jul 30, 2025	2025 (Q2)	1.65 / 1.95	1.75	11.43% (+0.20)
Apr 29, 2025	2025 (Q1)	1.65 / 1.95	2.7	-27.78% (-0.75)
Feb 19, 2025	2024 (Q4)	1.29 / 1.45	1.2	20.83% (+0.25)
Oct 29, 2024	2024 (Q3)	1.50 / 1.70	1.45	17.24% (+0.25)
Jul 31, 2024	2024 (Q2)	1.61 / 1.75	1.725	1.45% (+0.02)
Apr 30, 2024	2024 (Q1)	1.61 / 2.70	2.6	3.85% (+0.10)
Feb 21, 2024	2023 (Q4)	1.37 / 1.20	1.15	4.35% (+0.05)
Oct 30, 2023	2023 (Q3)	1.52 / 1.45	0.5	190.00% (+0.95)
Aug 01, 2023	2023 (Q2)	1.59 / 1.73	1.4	23.21% (+0.33)

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
Jul 30, 2025	$65.06	$61.48	-5.50%
Apr 29, 2025	$55.85	$56.97	+2.01%
Feb 19, 2025	$54.68	$54.76	+0.15%
Oct 29, 2024	$42.97	$44.18	+2.82%

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.