HSBC HOLDINGS PLC
Data Pack 1Q 2026
The financial information on which this supplement is based is unaudited and has been prepared in accordance with HSBC's significant accounting policies as described in the Annual Report and Accounts 2025. The financial information does not constitute financial statements prepared in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board ('IFRS Accounting Standards'), is not complete and should be read in conjunction with the Annual Report and Accounts 2025, the Interim Report 2025, and other reports and financial information published by HSBC.
Unless stated otherwise, all information is on a reported basis. Constant currency performance is computed by adjusting reported results for the effects of foreign currency translation differences, which distort year-on-year comparisons. It is computed by retranslating into US dollars for non-US dollar branches, subsidiaries, joint ventures and associates: the reported income statements of comparative periods at the average rates of exchange for the most recent period; and the reported balance sheets of comparative periods at the prevailing rates of exchange on 31 December 2025. We consider constant currency performance to provide useful information for investors by aligning internal and external reporting, and reflecting how management assesses year-on-year performance. Definitions and calculations of other alternative performance measures are included in our 'Alternative performance measures' on page 92 of our Annual Report and Accounts 2025. Alternative performance measures are reconciled to the closest reported financial measure.
We separately disclose 'notable items', which are components of our income statement which management would consider as outside the normal course of business and generally non-recurring in nature.
The quarterly comparatives are translated at average 4Q25 exchange rates for the income statement or at the prevailing rates of exchange on 31 December 2025 for the balance sheet. The yearly comparatives are translated at average FY25 exchange rates for the income statement.
Effective 1 January 2026, we transferred certain clients, primarily in Hong Kong and the UK, to the CIB segment to better meet their needs. This transfer does not change the Group's reportable segments. Comparative periods have been re-presented accordingly. The re-presentation has no impact on the Group's consolidated financial results or financial position.
Registered office and Group Head office: 8 Canada Square , London, E14 5HQ, United Kingdom Web: https://www.hsbc.com
Incorporated in England and Wales with limited liability. Registration number 617987
Index
HSBC Holdings plc (Group) - Income statement HSBC Holdings plc (Group) - Balance sheet data
HSBC Holdings plc (Group) - Management view of revenue ('MVOI') HSBC Holdings plc (Group) - Net interest margin ('NIM')
Businesses
Page
1
3
5
7
Hong Kong 8
UK 10
Corporate and Institutional Banking ('CIB') 12
International Wealth and Premier Banking ('IWPB') 14
Corporate Centre 16
Legal entities
HSBC UK Bank plc 18
HSBC Bank plc 23
The Hongkong and Shanghai Banking Corporation Limited 27
The Hongkong and Shanghai Banking Corporation Limited (Hong Kong) 32
HSBC Hang Seng Limited 37
HSBC North America Holdings Inc. 38
Grupo Financiero HSBC, S.A. de C.V. 42
HSBC Bank Middle East Limited 46
Other trading entities 50
Credit risk 51
HSBC HSBC Holdings plc consolidated income statementQuarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
8,945 | 9,196 | 8,777 | 8,519 | 8,302 |
3,719 | 3,194 | 3,506 | 3,319 | 3,324 |
5,960 | 3,974 | 5,505 | 4,635 | 6,023 |
18,624 | 16,364 | 17,788 | 16,473 | 17,649 |
(1,301) | (901) | (1,008) | (1,065) | (876) |
(8,721) | (9,330) | (10,076) | (8,920) | (8,102) |
774 | 669 | 591 | (162) | 813 |
9,376 | 6,802 | 7,295 | 6,326 | 9,484 |
(1,982) | (1,615) | (1,792) | (1,455) | (1,914) |
7,394 | 5,187 | 5,503 | 4,871 | 7,570 |
6,938 | 4,719 | 4,873 | 4,578 | 6,932 |
407 | 225 | 411 | 155 | 392 |
49 | 243 | 219 | 138 | 246 |
30 | 80 | 40 | 24 | - |
6,968 | 4,799 | 4,913 | 4,602 | 6,932 |
18,624 | 16,464 | 17,843 | 16,577 | 18,319 |
(1,301) | (910) | (1,019) | (1,091) | (923) |
(8,721) | (9,389) | (10,102) | (9,030) | (8,453) |
774 | 681 | 605 | (181) | 845 |
9,376 | 6,846 | 7,327 | 6,275 | 9,788 |
19,125 | 17,831 | 17,956 | 17,805 | 18,411 |
10,055 | 8,630 | 9,137 | 9,217 | 10,078 |
(501) | (1,359) | (112) | (1,184) | (91) |
- | - | - | - | - |
(501) | (1,359) | (112) | (1,184) | (91) |
- | - | - | - | - |
(178) | (425) | (1,696) | (652) | (191) |
- | - | - | (1,000) | - |
(501) | (1,367) | (113) | (1,228) | (92) |
- | - | - | - | - |
(501) | (1,367) | (113) | (1,228) | (92) |
- | - | - | - | - |
(178) | (417) | (1,697) | (667) | (198) |
- | - | - | (1,047) | - |
31-Mar-26 | 31-Mar-25 |
8,945 | 8,302 |
3,719 | 3,324 |
5,960 | 6,023 |
18,624 | 17,649 |
(1,301) | (876) |
(8,721) | (8,102) |
774 | 813 |
9,376 | 9,484 |
(1,982) | (1,914) |
7,394 | 7,570 |
6,938 | 6,932 |
407 | 392 |
49 | 246 |
30 | - |
6,968 | 6,932 |
18,624 | 18,319 |
(1,301) | (923) |
(8,721) | (8,453) |
774 | 845 |
9,376 | 9,788 |
19,125 | 18,411 |
10,055 | 10,078 |
(501) | (91) |
- | - |
(501) | (91) |
- | - |
(178) | (191) |
- | - |
(501) | (92) |
- | - |
(501) | (92) |
- | - |
(178) | (198) |
- | - |
Reported ($m)
Net interest income Net fee income
Other operating income
Net operating income before change in expected credit losses and other credit impairment charges ('Revenue')
Change in expected credit losses and other credit impairment charges ('ECL')
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax Tax credit/(charge) Profit/(loss) after tax
Profit/(loss) attributable to:
ordinary shareholders of the parent company ('PAOS')
other equity holders of the parent company
non-controlling interests
Impairment of goodwill and other intangible assets (net of tax) PAOS net of goodwill and other intangible assets impairment
Constant currency ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency revenue excluding notable items Constant currency profit before tax excluding notable items
Notable items (reported) ($m) Notable items
Revenue
of which: Banking net interest income of which: Fee and other income
ECL
Operating expenses
Impairment losses of interest in BoCom associate
Notable items (constant currency) ($m) Notable items
Revenue
of which: Banking net interest income of which: Fee and other income
ECL
Operating expenses
Impairment losses of interest in BoCom associate
Quarter ended | Year to date | |||||||
Earnings metrics | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 | |||
Return on average equity (annualised) | 16.0 % | 10.8 % | 11.3 % | 10.7 % | 16.6 % | |||
Return on average tangible equity (annualised) | 17.3 % | 11.8 % | 12.3 % | 11.5 % | 17.9 % | |||
Return on average tangible equity excluding notable items (annualised)1 | 18.7 % | 15.9 % | 16.6 % | 17.8 % | 18.4 % | |||
Earnings per share ($) | 0.41 | 0.28 | 0.28 | 0.26 | 0.39 | |||
Earnings per share excluding material notable items and related impacts | ||||||||
($) | 0.44 | 0.37 | 0.36 | 0.39 | 0.39 | |||
Constant currency ECL / average gross loans (annualised) | 0.53 % | 0.36 % | 0.41 % | 0.45 % | 0.38 % | |||
Dividends | ||||||||
Dividends per share - declared in respect of the period ($) | 0.10 | 0.45 | 0.10 | 0.10 | 0.10 | |||
Quarter ended | Year to date | |||||||
Revenue notable items ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 | 31-Mar-26 | 31-Mar-25 | |
Total | (501) | (1,359) | (112) | (1,184) | (91) | (501) | (91) | |
- Disposals, wind-downs, acquisitions and related costs | (501) | (1,359) | (144) | (48) | (91) | (501) | (91) | |
- Early redemption of legacy securities | - | - | - | - | - | - | - | |
- Dilution loss of interest in BoCom associate | - | - | 32 | (1,136) | - | - | - | |
Cost notable items ($m) | ||||||||
Total | (178) | (425) | (1,696) | (652) | (191) | (178) | (191) | |
- Disposals, wind-downs, acquisitions and related costs | (50) | (157) | (118) | (177) | (50) | (50) | (50) | |
- Restructuring and other related costs | (128) | (257) | (157) | (475) | (141) | (128) | (141) | |
- Legal provision | - | (11) | (1,421) | - | - | - | - | |
Impairment losses of interest in BoCom associate ($m) | - | - | - | (1,000) | - | - | - | |
31-Mar-26 | 31-Mar-25 |
16.0 % | 16.6 % |
17.3 % | 17.9 % |
18.7 % | 18.4 % |
0.41 | 0.39 |
0.44 | 0.39 |
0.53 % | 0.38 % |
0.10 | 0.10 |
1 We have revised the adjustments made to average tangible equity for the purposes of computing our return on average tangible equity ('RoTE') excluding notable items measure. Prior to this, we adjusted average tangible equity for the average impact of notable items whereas from 2025 we no longer make adjustments to average tangible equity. Comparatives have been re-presented on the revised basis.
HSBC HSBC Holdings plc consolidated balance sheet dataBalance sheet date
Assets (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Cash and balances at central banks | 214,707 | 242,859 | 246,821 | 246,360 | 254,660 |
Hong Kong Government certificates of indebtedness | 44,727 | 44,063 | 43,549 | 42,592 | 42,293 |
Trading assets | 365,667 | 366,153 | 357,418 | 333,745 | 318,579 |
Financial assets designated and otherwise mandatorily measured at fair value through profit or loss | 138,535 | 133,063 | 134,408 | 128,942 | 120,340 |
Derivatives | 267,583 | 237,740 | 213,903 | 249,672 | 214,148 |
Loans and advances to banks | 100,297 | 108,462 | 105,202 | 107,582 | 100,843 |
Loans and advances to customers (net) | 1,001,957 | 988,399 | 982,886 | 981,722 | 944,708 |
Reverse repurchase agreements - non-trading | 314,864 | 298,392 | 278,615 | 283,204 | 278,216 |
Financial investments | 580,632 | 567,211 | 563,159 | 547,955 | 522,298 |
Prepayments, accrued income and other assets1 | 225,362 | 195,909 | 258,646 | 243,348 | 208,388 |
Current tax assets | 1,008 | 864 | 743 | 1,364 | 1,270 |
Interests in associates and joint ventures | 30,539 | 29,577 | 28,829 | 28,202 | 29,485 |
Goodwill and intangible assets | 12,804 | 13,107 | 13,011 | 13,022 | 12,436 |
Deferred tax assets | 7,329 | 7,235 | 7,033 | 6,661 | 6,697 |
Total assets | 3,306,011 | 3,233,034 | 3,234,223 | 3,214,371 | 3,054,361 |
Liabilities (reported) ($m) | |||||
Hong Kong currency notes in circulation | 44,727 | 44,063 | 43,549 | 42,592 | 42,293 |
Deposits by banks | 87,581 | 97,952 | 98,126 | 97,782 | 88,186 |
Customer accounts | 1,781,761 | 1,786,828 | 1,737,247 | 1,718,604 | 1,666,485 |
Repurchase agreements - non-trading | 216,162 | 204,974 | 215,308 | 195,532 | 197,979 |
Trading liabilities | 80,646 | 72,122 | 73,182 | 70,653 | 72,402 |
Financial liabilities designated at fair value | 167,693 | 158,456 | 162,914 | 163,589 | 149,195 |
Derivatives | 259,845 | 237,854 | 217,438 | 257,601 | 212,584 |
Debt securities in issue | 101,742 | 99,675 | 98,240 | 102,129 | 100,051 |
Accruals, deferred income and other liabilities2 | 204,967 | 165,505 | 232,181 | 213,227 | 181,388 |
Current tax liabilities | 2,807 | 3,037 | 3,693 | 3,232 | 2,696 |
Insurance contract liabilities | 128,070 | 122,955 | 120,169 | 118,297 | 112,541 |
Provisions | 3,009 | 3,441 | 3,434 | 2,125 | 1,727 |
Deferred tax liabilities | 1,720 | 2,100 | 1,540 | 1,570 | 1,418 |
Subordinated liabilities | 28,011 | 28,406 | 28,514 | 27,569 | 27,299 |
Total liabilities | 3,108,741 | 3,027,368 | 3,035,535 | 3,014,502 | 2,856,244 |
Equity (reported) ($m) | |||||
Called up share capital | 8,592 | 8,588 | 8,630 | 8,739 | 8,874 |
Share premium account | 245 | 111 | 110 | 14,918 | 14,917 |
Other equity instruments | 22,211 | 20,716 | 20,716 | 20,716 | 18,719 |
Other reserves | (3,826) | (795) | (4,341) | (1,556) | (8,401) |
Retained earnings | 169,597 | 169,605 | 166,315 | 149,737 | 156,701 |
Total shareholders' equity | 196,819 | 198,225 | 191,430 | 192,554 | 190,810 |
Non-controlling interests | 451 | 7,441 | 7,258 | 7,315 | 7,307 |
Total equity | 197,270 | 205,666 | 198,688 | 199,869 | 198,117 |
Total liabilities and equity | 3,306,011 | 3,233,034 | 3,234,223 | 3,214,371 | 3,054,361 |
Other balance sheet data (reported) ($m) | |||||
Loans and advances to customers (gross) | 1,013,296 | 999,091 | 993,394 | 991,865 | 954,802 |
Risk-weighted assets | 883,759 | 888,647 | 878,793 | 886,860 | 853,257 |
Total shareholders' equity | 196,819 | 198,225 | 191,430 | 192,554 | 190,810 |
AT1 capital | (22,211) | (20,716) | (20,716) | (20,716) | (18,719) |
Preference shares | - | - | - | - | - |
Perpetual capital securities | - | - | - | - | - |
Ordinary shareholders' equity ('NAV') | 174,608 | 177,509 | 170,714 | 171,838 | 172,091 |
Goodwill and other intangibles (net of deferred tax) | (12,273) | (12,356) | (12,263) | (12,281) | (11,693) |
Tangible equity ('TNAV') | 162,335 | 165,153 | 158,451 | 159,557 | 160,398 |
Quarter ended | |||||
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 | |
Average TNAV | 163,744 | 161,803 | 159,004 | 159,977 | 157,348 |
Balance sheet date | |||||
Balance sheet (constant currency) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to customers (net) | 1,001,957 | 981,879 | 976,577 | 971,006 | 965,802 |
Customer accounts | 1,781,761 | 1,772,579 | 1,723,537 | 1,698,181 | 1,696,120 |
Risk-weighted assets | 883,759 | 882,652 | 873,418 | 878,838 | 866,998 |
Regulatory capital (end-point basis, reported) ($m) | |||||
Common equity tier 1 capital | 123,996 | 132,593 | 127,765 | 129,819 | 125,477 |
Additional tier 1 capital | 22,155 | 20,804 | 20,790 | 20,800 | 18,811 |
Tier 2 capital | 27,813 | 28,974 | 29,174 | 27,877 | 25,526 |
Total regulatory capital | 173,964 | 182,371 | 177,729 | 178,496 | 169,814 |
Capital ratios (end-point basis, reported) | |||||
Common equity tier 1 ratio | 14.0 % | 14.9 % | 14.5 % | 14.6 % | 14.7 % |
Tier 1 ratio | 16.5 % | 17.3 % | 16.9 % | 17.0 % | 16.9 % |
Total capital ratio | 19.7 % | 20.5 % | 20.2 % | 20.1 % | 19.9 % |
Leverage exposures ($m) | 2,946,990 | 2,877,070 | 2,840,483 | 2,792,934 | 2,651,983 |
Leverage Ratio | 5.0 % | 5.3 % | 5.2 % | 5.4 % | 5.4 % |
NAV / share ($) at the end of the period | 10.17 | 10.36 | 9.94 | 9.88 | 9.74 |
TNAV / share ($) at the end of the period | 9.46 | 9.64 | 9.22 | 9.17 | 9.08 |
Ordinary $0.50 shares | |||||
Basic number of ordinary shares in issue, after deducting own shares held | |||||
(m) | 17,164 | 17,140 | 17,183 | 17,397 | 17,668 |
Quarter ended | |||||
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 | |
Ordinary shares issued during the period (m) | 8.3 | 0.1 | 0.2 | - | 9.7 |
Shares bought back and cancelled during the period3 (m) Other movements in basic number of ordinary shares during the period4 | - | (84) | (219) | (271) | (208) |
(m) | 15 | 41 | 5 | - | (52) |
Average basic number of ordinary shares outstanding during the period, | |||||
after deducting own shares held (m) | 17,129 | 17,136 | 17,297 | 17,528 | 17,769 |
Includes 'Assets held for sale' of $11,583m.
Includes 'Liabilities of disposal groups held for sale' of $20,719m.
Includes shares cancelled during the period that were originally bought back in prior periods.
Includes movements in own shares held.
Group Management View of Revenue (original FX rates) ($m) Banking NII1
Fee and other income
Wholesale Transaction Banking
of which: Global Foreign Exchange of which: Global Payments Solutions of which: Global Trade Solutions
of which: Securities Services
Wealth
of which: Investment Distribution of which: Insurance1
of which: Asset Management
of which: Private Bank
Investment Banking, Debt and Equity Markets
Retail Banking
Wholesale Credit and Lending
Other2
Revenue excluding notable items
Notable items
Revenue
Total revenue excluding notable items
of which: Wholesale Transaction Banking of which: Global Payments Solutions
of which: Global Trade Solutions
of which: Wealth
of which: Private Bank
Group Management View of Revenue (constant currency) ($m) Banking NII1
Fee and other income
Wholesale Transaction Banking
of which: Global Foreign Exchange of which: Global Payments Solutions of which: Global Trade Solutions
of which: Securities Services
Wealth
of which: Investment Distribution of which: Insurance1
of which: Asset Management
of which: Private Bank
Investment Banking, Debt and Equity Markets
Retail Banking
Wholesale Credit and Lending
Other2
Revenue excluding notable items
Notable items
Revenue
Total revenue excluding notable items
of which: Wholesale Transaction Banking of which: Global Payments Solutions
of which: Global Trade Solutions
of which: Wealth
of which: Private Bank
Quarter ended
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
11,253 | 11,722 | 11,049 | 10,714 | 10,599 |
7,872 | 6,001 | 6,851 | 6,943 | 7,141 |
3,081 | 2,647 | 2,576 | 2,783 | 2,912 |
1,702 | 1,353 | 1,245 | 1,491 | 1,665 |
584 | 585 | 587 | 576 | 545 |
417 | 349 | 369 | 370 | 373 |
378 | 360 | 375 | 346 | 329 |
2,697 | 2,147 | 2,680 | 2,273 | 2,290 |
1,111 | 807 | 1,039 | 876 | 902 |
659 | 581 | 845 | 632 | 541 |
374 | 406 | 387 | 357 | 350 |
553 | 353 | 409 | 408 | 497 |
1,011 | 588 | 657 | 831 | 1,223 |
396 | 299 | 323 | 322 | 302 |
257 | 251 | 231 | 207 | 219 |
430 | 69 | 384 | 527 | 195 |
19,125 | 17,723 | 17,900 | 17,657 | 17,740 |
(501) | (1,359) | (112) | (1,184) | (91) |
18,624 | 16,364 | 17,788 | 16,473 | 17,649 |
7,155 | 6,755 | 6,438 | 6,613 | 6,783 |
4,057 | 4,147 | 3,910 | 3,823 | 3,885 |
763 | 668 | 688 | 685 | 691 |
3,026 | 2,481 | 3,008 | 2,590 | 2,607 |
861 | 669 | 713 | 709 | 797 |
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
11,253 | 11,806 | 11,099 | 10,852 | 11,007 |
7,872 | 6,025 | 6,857 | 6,953 | 7,404 |
3,081 | 2,661 | 2,579 | 2,803 | 3,019 |
1,702 | 1,360 | 1,246 | 1,497 | 1,723 |
584 | 590 | 588 | 582 | 569 |
417 | 350 | 371 | 376 | 387 |
378 | 361 | 374 | 348 | 340 |
2,697 | 2,155 | 2,690 | 2,293 | 2,350 |
1,111 | 809 | 1,044 | 882 | 919 |
659 | 582 | 850 | 639 | 552 |
374 | 408 | 386 | 358 | 365 |
553 | 356 | 410 | 414 | 514 |
1,011 | 591 | 657 | 837 | 1,263 |
396 | 304 | 329 | 331 | 321 |
257 | 256 | 232 | 210 | 229 |
430 | 58 | 370 | 479 | 222 |
19,125 | 17,831 | 17,956 | 17,805 | 18,411 |
(501) | (1,367) | (113) | (1,228) | (92) |
18,624 | 16,464 | 17,843 | 16,577 | 18,319 |
7,155 | 6,793 | 6,447 | 6,669 | 7,013 |
4,057 | 4,171 | 3,917 | 3,859 | 4,019 |
763 | 673 | 691 | 693 | 716 |
3,026 | 2,492 | 3,019 | 2,613 | 2,680 |
861 | 673 | 716 | 717 | 826 |
Quarter ended
Year to date
31-Mar-26 | 31-Mar-25 |
11,253 | 10,599 |
7,872 | 7,141 |
3,081 | 2,912 |
1,702 | 1,665 |
584 | 545 |
417 | 373 |
378 | 329 |
2,697 | 2,290 |
1,111 | 902 |
659 | 541 |
374 | 350 |
553 | 497 |
1,011 | 1,223 |
396 | 302 |
257 | 219 |
430 | 195 |
19,125 | 17,740 |
(501) | (91) |
18,624 | 17,649 |
7,155 | 6,783 |
4,057 | 3,885 |
763 | 691 |
3,026 | 2,607 |
861 | 797 |
31-Mar-26 | 31-Mar-25 |
11,253 | 11,007 |
7,872 | 7,404 |
3,081 | 3,019 |
1,702 | 1,723 |
584 | 569 |
417 | 387 |
378 | 340 |
2,697 | 2,350 |
1,111 | 919 |
659 | 552 |
374 | 365 |
553 | 514 |
1,011 | 1,263 |
396 | 321 |
257 | 229 |
430 | 222 |
19,125 | 18,411 |
(501) | (92) |
18,624 | 18,319 |
7,155 | 7,013 |
4,057 | 4,019 |
763 | 716 |
3,026 | 2,680 |
861 | 826 |
Year to date
Banking net interest income (original FX rates) ($m) Net interest income
Banking book funding costs used to generate 'net income from financial instruments held for trading or managed on a fair value basis'
Third-party net interest income from insurance
Banking net interest income
Banking net interest income (constant currency) ($m) Net interest income
Banking book funding costs used to generate 'net income from financial instruments held for trading or managed on a fair value basis'
Third-party net interest income from insurance
Banking net interest income
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
8,945 | 9,196 | 8,777 | 8,519 | 8,302 |
2,356 | 2,592 | 2,384 | 2,307 | 2,403 |
(48) | (66) | (112) | (112) | (106) |
11,253 | 11,722 | 11,049 | 10,714 | 10,599 |
8,945 | 9,264 | 8,820 | 8,637 | 8,640 |
2,356 | 2,609 | 2,392 | 2,329 | 2,480 |
(48) | (67) | (113) | (114) | (113) |
11,253 | 11,806 | 11,099 | 10,852 | 11,007 |
Quarter ended
31-Mar-26 | 31-Mar-25 |
8,945 | 8,302 |
2,356 | 2,403 |
(48) | (106) |
11,253 | 10,599 |
8,945 | 8,640 |
2,356 | 2,480 |
(48) | (113) |
11,253 | 11,007 |
Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
5,431 | 5,710 | 5,351 | 5,176 | 5,439 |
3,027 | 3,046 | 2,969 | 2,846 | 2,662 |
1,376 | 1,477 | 1,351 | 1,325 | 1,104 |
1,419 | 1,489 | 1,378 | 1,367 | 1,394 |
11,253 | 11,722 | 11,049 | 10,714 | 10,599 |
5,431 | 5,717 | 5,364 | 5,196 | 5,483 |
3,027 | 3,089 | 2,968 | 2,872 | 2,849 |
1,376 | 1,494 | 1,356 | 1,351 | 1,198 |
1,419 | 1,506 | 1,411 | 1,433 | 1,477 |
11,253 | 11,806 | 11,099 | 10,852 | 11,007 |
Banking net interest income by legal entity (original FX rates) ($m)
The HongKong and Shanghai Banking Corporation Limited HSBC UK Bank plc
HSBC Bank plc Other legal entities
Total banking net interest income
Banking net interest income by legal entity (constant currency) ($m)
The HongKong and Shanghai Banking Corporation Limited HSBC UK Bank plc
HSBC Bank plc Other legal entities
Total banking net interest income
Quarter ended Year to date
31-Mar-26 | 31-Mar-25 |
5,431 | 5,439 |
3,027 | 2,662 |
1,376 | 1,104 |
1,419 | 1,394 |
11,253 | 10,599 |
5,431 | 5,483 |
3,027 | 2,849 |
1,376 | 1,198 |
1,419 | 1,477 |
11,253 | 11,007 |
Banking NII for IWPB is computed by deducting third party net interest income ('NII') in our insurance business from total IWPB NII. Total insurance NII is presented in 'fee and other income' in Insurance in our Group Management View of Revenue.
'Other' includes revenue from Markets Treasury and hyperinflationary impacts. It also includes other non-product-specific income, and notional tax credits.
Quarter to date | Year to date | |||||||
Average balances during period ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 | 31-Mar-26 | 31-Mar-25 | |
Short-term funds and loans and advances to banks | 317,191 | 317,912 | 316,852 | 328,935 | 339,797 | 317,191 | 339,797 | |
Loans and advances to customers | 1,009,498 | 988,965 | 983,604 | 974,198 | 939,779 | 1,009,498 | 939,779 | |
Reverse repurchase agreements - non-trading | 297,692 | 287,302 | 280,681 | 275,219 | 252,099 | 297,692 | 252,099 | |
Financial investments | 567,432 | 554,175 | 553,675 | 535,875 | 512,079 | 567,432 | 512,079 | |
Other interest-earning assets | 69,602 | 72,700 | 83,660 | 81,017 | 80,407 | 69,602 | 80,407 | |
Total interest-earning assets | 2,261,415 | 2,221,054 | 2,218,472 | 2,195,244 | 2,124,161 | 2,261,415 | 2,124,161 | |
Interest income during period ($m) Short-term funds and loans and advances to banks | 2,494 | 2,685 | 2,733 | 2,852 | 3,190 | 2,494 | 3,190 | |
Loans and advances to customers | 11,193 | 11,460 | 11,510 | 11,599 | 11,467 | 11,193 | 11,467 | |
Reverse repurchase agreements - non-trading | 4,263 | 4,353 | 4,229 | 4,158 | 3,876 | 4,263 | 3,876 | |
Financial investments | 5,117 | 5,258 | 5,165 | 5,262 | 5,145 | 5,117 | 5,145 | |
Other interest-earning assets | 591 | 747 | 724 | 724 | 735 | 591 | 735 | |
Total | 23,658 | 24,503 | 24,361 | 24,595 | 24,413 | 23,658 | 24,413 | |
Average balances during period ($m) Deposits by banks | 75,786 | 77,352 | 78,274 | 76,755 | 71,860 | 75,786 | 71,860 | |
Customer accounts | 1,556,552 | 1,515,315 | 1,503,972 | 1,490,291 | 1,437,508 | 1,556,552 | 1,437,508 | |
Repurchase agreements - non-trading | 217,636 | 199,654 | 187,304 | 186,270 | 181,580 | 217,636 | 181,580 | |
Debt securities in issue - non-trading | 201,092 | 197,015 | 202,337 | 199,166 | 194,683 | 201,092 | 194,683 | |
Other interest-bearing liabilities | 86,670 | 86,547 | 81,825 | 73,668 | 68,895 | 86,670 | 68,895 | |
Total interest-bearing liabilities | 2,137,736 | 2,075,883 | 2,053,712 | 2,026,150 | 1,954,526 | 2,137,736 | 1,954,526 | |
Non-interest bearing current accounts | 231,338 | 224,650 | 213,356 | 209,334 | 210,544 | 231,338 | 210,544 | |
Interest expense during period ($m) Deposits by banks | 568 | 629 | 666 | 678 | 640 | 568 | 640 | |
Customer accounts | 7,474 | 7,864 | 8,124 | 8,567 | 8,734 | 7,474 | 8,734 | |
Repurchase agreements - non-trading | 3,587 | 3,619 | 3,405 | 3,327 | 3,278 | 3,587 | 3,278 | |
Debt securities in issue - non-trading | 2,513 | 2,558 | 2,733 | 2,786 | 2,770 | 2,513 | 2,770 | |
Other interest-bearing liabilities | 571 | 637 | 656 | 718 | 689 | 571 | 689 | |
Total | 14,713 | 15,307 | 15,584 | 16,076 | 16,111 | 14,713 | 16,111 | |
Net interest margin (%) | 1.60 % | 1.64 % | 1.57 % | 1.56 % | 1.59 % | 1.60 % | 1.59 % | |
Reported results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue
ECL
Operating expenses
Impairment of interest in associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
External customer accounts Risk-weighted assets
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
4,024 | 3,970 | 3,879 | 3,761 | 3,927 |
(208) | (307) | (303) | (542) | (316) |
(1,227) | (1,304) | (1,201) | (1,163) | (1,138) |
- | - | - | - | - |
2,589 | 2,359 | 2,375 | 2,056 | 2,473 |
4,024 | 3,954 | 3,885 | 3,761 | 3,915 |
(208) | (307) | (303) | (543) | (315) |
(1,227) | (1,299) | (1,203) | (1,164) | (1,136) |
- | - | - | - | - |
2,589 | 2,348 | 2,379 | 2,054 | 2,464 |
(4) | (6) | (4) | (2) | (7) |
- | - | - | - | - |
- | - | - | - | - |
(4) | (6) | (4) | (2) | (7) |
- | - | - | - | - |
(4) | (6) | (4) | (2) | (7) |
- | - | - | - | - |
- | - | - | - | - |
(4) | (6) | (4) | (2) | (7) |
- | - | - | - | - |
31-Mar-26 | 31-Mar-25 |
4,024 | 3,927 |
(208) | (316) |
(1,227) | (1,138) |
- | - |
2,589 | 2,473 |
4,024 | 3,915 |
(208) | (315) |
(1,227) | (1,136) |
- | - |
2,589 | 2,464 |
(4) | (7) |
- | - |
- | - |
(4) | (7) |
- | - |
(4) | (7) |
- | - |
- | - |
(4) | (7) |
- | - |
Balance sheet date
31-Dec-25
227,609
223,730
428,394
531,902
136,245
30-Sep-25
228,037
224,264
433,592
508,691
137,355
30-Jun-25
228,385
224,867
424,733
507,657
137,911
31-Mar-25
230,998
227,615
413,819
496,370
142,279
222,313
528,386
135,478
222,881
505,313
136,691
225,418
508,745
138,422
226,337
493,159
141,762
224,698
528,277
133,018
31-Mar-26
228,726
224,698
427,545
528,277
133,018
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Risk-weighted assets
Management View of Revenue (original FX rates) ($m) Banking NII
Fee and other income
Retail Banking and Wealth
Retail Banking
Wealth
Other1
Commercial Banking
Wholesale Transaction Banking
Credit and Lending
Other1
Revenue excluding notable items
Notable items
Revenue
Management View of Revenue (constant currency) ($m) Banking NII
Fee and other income
Retail Banking and Wealth
Retail Banking
Wealth
Other1
Commercial Banking
Wholesale Transaction Banking
Credit and Lending
Other1
Revenue excluding notable items
Notable items
Revenue
1 'Other' includes allocated revenue from Markets Treasury.
Quarter ended
31-Mar-26
31-Dec-25
30-Sep-25
30-Jun-25
31-Mar-25
2,905
3,194
2,866
2,768
2,972
1,119
776
1,013
993
955
798
548
748
701
661
95
66
84
89
87
673
459
646
555
546
30
23
18
57
28
321
228
265
292
294
193
173
183
184
177
26
15
16
16
26
102
40
66
92
91
4,024
3,970
3,879
3,761
3,927
-
-
-
-
-
4,024
3,970
3,879
3,761
3,927
Quarter ended
31-Mar-26
31-Dec-25
30-Sep-25
30-Jun-25
31-Mar-25
2,905
3,180
2,871
2,768
2,962
1,119
774
1,014
993
953
798
545
750
701
658
95
65
85
89
86
673
457
647
555
544
30
23
18
57
28
321
229
264
292
295
193
171
184
185
177
26
16
16
16
26
102
42
64
91
92
4,024
3,954
3,885
3,761
3,915
-
-
-
-
-
4,024
3,954
3,885
3,761
3,915
Year to date
31-Mar-26
31-Mar-25
2,905
2,972
1,119
955
798
661
95
87
673
546
30
28
321
294
193
177
26
26
102
91
4,024
3,927
-
-
4,024
3,927
Year to date
HSBC UK business31-Mar-26
31-Mar-25
2,905
2,962
1,119
953
798
658
95
86
673
544
30
28
321
295
193
177
26
26
102
92
4,024
3,915
-
-
4,024
3,915
Reported results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue
ECL
Operating expenses
Impairment of interest in associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
300,415
345,963
151,209
External customer accounts Risk-weighted assets
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
3,250 | 3,247 | 3,227 | 3,116 | 2,898 |
(203) | (101) | (271) | (159) | (169) |
(1,402) | (1,456) | (1,405) | (1,316) | (1,260) |
- | - | - | - | - |
1,645 | 1,690 | 1,551 | 1,641 | 1,469 |
3,250 | 3,293 | 3,224 | 3,146 | 3,107 |
(203) | (101) | (271) | (160) | (181) |
(1,402) | (1,478) | (1,403) | (1,328) | (1,348) |
- | - | - | - | - |
1,645 | 1,714 | 1,550 | 1,658 | 1,578 |
(8) | (7) | (15) | (43) | (4) |
- | - | - | - | - |
- | - | - | - | - |
(8) | (7) | (15) | (43) | (4) |
- | - | - | - | - |
(8) | (7) | (15) | (43) | (5) |
- | - | - | - | - |
- | - | - | - | - |
(8) | (7) | (15) | (43) | (5) |
- | - | - | - | - |
31-Mar-26 | 31-Mar-25 |
3,250 | 2,898 |
(203) | (169) |
(1,402) | (1,260) |
- | - |
1,645 | 1,469 |
3,250 | 3,107 |
(203) | (181) |
(1,402) | (1,348) |
- | - |
1,645 | 1,578 |
(8) | (4) |
- | - |
- | - |
(8) | (4) |
- | - |
(8) | (5) |
- | - |
- | - |
(8) | (5) |
- | - |
31-Mar-26
302,409
300,415
434,230
345,963
151,209
Balance sheet date
31-Dec-25 30-Sep-25 30-Jun-25 31-Mar-25
301,537 297,654 297,862 275,579
299,539 295,608 295,886 273,673
439,991 435,062 432,154 405,601
350,219 344,033 348,093 328,316
149,646 150,204 149,542 136,757
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Risk-weighted assets
295,988 291,398 286,263 280,976
346,068 339,132 336,773 337,078
147,865 148,058 144,664 140,421
Management View of Revenue (original FX rates) ($m) Banking NII
Fee and other income
Retail Banking and Wealth
Retail Banking
Wealth
Other1
Commercial Banking
Wholesale Transaction Banking
Credit and Lending
Other1
Revenue excluding notable items
Notable items
Revenue
Management View of Revenue (constant currency) ($m) Banking NII
Fee and other income
Retail Banking and Wealth
Retail Banking
Wealth
Other1
Commercial Banking
Wholesale Transaction Banking
Credit and Lending
Other1
Revenue excluding notable items
Notable items
Revenue
1 'Other' includes allocated revenue from Markets Treasury.
Quarter ended
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
2,807 | 2,852 | 2,774 | 2,670 | 2,488 |
443 | 395 | 453 | 446 | 410 |
182 | 127 | 173 | 165 | 152 |
72 | 51 | 70 | 72 | 62 |
88 | 70 | 94 | 89 | 86 |
22 | 6 | 9 | 4 | 4 |
261 | 268 | 280 | 281 | 258 |
202 | 204 | 208 | 214 | 203 |
61 | 65 | 64 | 57 | 52 |
(2) | (1) | 8 | 10 | 3 |
3,250 | 3,247 | 3,227 | 3,116 | 2,898 |
- | - | - | - | - |
3,250 | 3,247 | 3,227 | 3,116 | 2,898 |
Quarter ended
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
2,807 | 2,892 | 2,772 | 2,695 | 2,668 |
443 | 401 | 452 | 451 | 439 |
182 | 132 | 173 | 165 | 163 |
72 | 52 | 70 | 72 | 67 |
88 | 72 | 94 | 89 | 92 |
22 | 8 | 9 | 4 | 4 |
261 | 269 | 279 | 286 | 276 |
202 | 206 | 208 | 216 | 218 |
61 | 65 | 64 | 57 | 56 |
(2) | (2) | 7 | 13 | 2 |
3,250 | 3,293 | 3,224 | 3,146 | 3,107 |
- | - | - | - | - |
3,250 | 3,293 | 3,224 | 3,146 | 3,107 |
Year to date
31-Mar-26 | 31-Mar-25 |
2,807 | 2,488 |
443 | 410 |
182 | 152 |
72 | 62 |
88 | 86 |
22 | 4 |
261 | 258 |
202 | 203 |
61 | 52 |
(2) | 3 |
3,250 | 2,898 |
- | - |
3,250 | 2,898 |
Year to date
31-Mar-26 | 31-Mar-25 |
2,807 | 2,668 |
443 | 439 |
182 | 163 |
72 | 67 |
88 | 92 |
22 | 4 |
261 | 276 |
202 | 218 |
61 | 56 |
(2) | 2 |
3,250 | 3,107 |
- | - |
3,250 | 3,107 |
Reported results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue
ECL
Operating expenses
Impairment of interest in associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
External customer accounts Risk-weighted assets
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
7,788 | 7,009 | 6,928 | 7,120 | 7,371 |
(679) | (235) | (165) | (127) | (173) |
(3,772) | (4,114) | (4,049) | (3,987) | (3,526) |
- | 1 | - | - | - |
3,337 | 2,661 | 2,714 | 3,006 | 3,672 |
7,788 | 7,054 | 6,946 | 7,203 | 7,651 |
(679) | (235) | (165) | (131) | (181) |
(3,772) | (4,143) | (4,060) | (4,041) | (3,674) |
- | - | - | - | - |
3,337 | 2,676 | 2,721 | 3,031 | 3,796 |
(25) | (154) | (416) | (324) | (72) |
6 | (3) | (6) | - | - |
- | - | - | - | - |
(31) | (151) | (410) | (324) | (72) |
- | - | - | - | - |
(25) | (155) | (417) | (329) | (79) |
6 | (2) | (7) | - | - |
- | - | - | - | - |
(31) | (153) | (410) | (329) | (79) |
- | - | - | - | - |
31-Mar-26 | 31-Mar-25 |
7,788 | 7,371 |
(679) | (173) |
(3,772) | (3,526) |
- | - |
3,337 | 3,672 |
7,788 | 7,651 |
(679) | (181) |
(3,772) | (3,674) |
- | - |
3,337 | 3,796 |
(25) | (72) |
6 | - |
- | - |
(31) | (72) |
- | - |
(25) | (79) |
6 | - |
- | - |
(31) | (79) |
- | - |
Balance sheet date
31-Mar-26
329,049
325,332
1,896,659
628,239
418,342
31-Dec-25 30-Sep-25 30-Jun-25 31-Mar-25
318,112 315,258 316,274 307,097
314,942 312,200 313,257 303,828
1,814,204 1,778,105 1,783,204 1,682,264
623,302 610,275 586,997 574,978
415,397 409,785 417,294 400,326
Balance sheet (constant currency) ($m) Loans and advances to external customers (net) | 325,332 | 313,293 | 310,988 | 311,194 | 312,230 | ||
External customer accounts | 628,239 | 617,760 | 605,217 | 578,198 | 590,424 | ||
Risk-weighted assets | 418,342 | 412,616 | 407,522 | 413,949 | 407,539 | ||
Quarter ended | Year to date | ||||||
Management View of Revenue (original FX rates) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 | ||
Banking NII | 3,960 | 3,969 | 3,860 | 3,712 | 3,585 | ||
Fee and other income | 3,822 | 3,043 | 3,074 | 3,408 | 3,786 | ||
- Wholesale Transaction Banking | 2,686 | 2,271 | 2,184 | 2,385 | 2,532 | ||
- Investment Banking | 260 | 208 | 227 | 295 | 245 | ||
- Debt and Equity Markets | 751 | 380 | 430 | 536 | 978 | ||
- Wholesale Credit and Lending | 170 | 171 | 151 | 134 | 141 | ||
- Other1 | (45) | 13 | 82 | 58 | (110) | ||
Revenue excluding notable items | 7,782 | 7,012 | 6,934 | 7,120 | 7,371 | ||
Notable items | 6 | (3) | (6) | - | - | ||
Revenue | 7,788 | 7,009 | 6,928 | 7,120 | 7,371 | ||
Quarter ended | Year to date | ||||||
Management View of Revenue (constant currency) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 | ||
Banking NII | 3,960 | 3,995 | 3,871 | 3,759 | 3,721 | ||
Fee and other income | 3,822 | 3,061 | 3,082 | 3,444 | 3,930 | ||
- Wholesale Transaction Banking | 2,686 | 2,284 | 2,187 | 2,403 | 2,624 | ||
- Investment Banking | 260 | 210 | 227 | 297 | 254 | ||
- Debt and Equity Markets | 751 | 381 | 430 | 540 | 1,009 | ||
- Wholesale Credit and Lending | 170 | 175 | 152 | 137 | 147 | ||
- Other1 | (45) | 11 | 86 | 67 | (104) | ||
Revenue excluding notable items | 7,782 | 7,056 | 6,953 | 7,203 | 7,651 | ||
Notable items | 6 | (2) | (7) | - | - | ||
Revenue | 7,788 | 7,054 | 6,946 | 7,203 | 7,651 | ||
31-Mar-26 | 31-Mar-25 |
3,960 | 3,585 |
3,822 | 3,786 |
2,686 | 2,532 |
260 | 245 |
751 | 978 |
170 | 141 |
(45) | (110) |
7,782 | 7,371 |
6 | - |
7,788 | 7,371 |
31-Mar-26 | 31-Mar-25 |
3,960 | 3,721 |
3,822 | 3,930 |
2,686 | 2,624 |
260 | 254 |
751 | 1,009 |
170 | 147 |
(45) | (104) |
7,782 | 7,651 |
6 | - |
7,788 | 7,651 |
1 'Other' includes allocated revenue from Markets Treasury and hyperinflationary impacts. It also includes notional tax credits.
HSBC International Wealth and Premier Banking businessReported results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue
ECL
Operating expenses
Impairment of interest in associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
External customer accounts Risk-weighted assets
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
3,749 | 3,686 | 3,823 | 3,500 | 3,511 |
(210) | (235) | (204) | (226) | (227) |
(2,333) | (2,466) | (2,351) | (2,362) | (2,106) |
25 | (2) | 24 | (8) | 10 |
1,231 | 983 | 1,292 | 904 | 1,188 |
3,749 | 3,732 | 3,875 | 3,594 | 3,693 |
(210) | (243) | (215) | (246) | (255) |
(2,333) | (2,500) | (2,380) | (2,429) | (2,221) |
25 | (2) | 24 | (8) | 11 |
1,231 | 987 | 1,304 | 911 | 1,228 |
(194) | 12 | (188) | (100) | (41) |
(167) | 94 | (110) | (43) | (14) |
- | - | - | - | - |
(27) | (82) | (78) | (57) | (27) |
- | - | - | - | - |
(194) | 11 | (190) | (102) | (44) |
(167) | 95 | (111) | (43) | (16) |
- | - | - | - | - |
(27) | (84) | (79) | (59) | (28) |
- | - | - | - | - |
31-Mar-26 | 31-Mar-25 |
3,749 | 3,511 |
(210) | (227) |
(2,333) | (2,106) |
25 | 10 |
1,231 | 1,188 |
3,749 | 3,693 |
(210) | (255) |
(2,333) | (2,221) |
25 | 11 |
1,231 | 1,228 |
(194) | (41) |
(167) | (14) |
- | - |
(27) | (27) |
- | - |
(194) | (44) |
(167) | (16) |
- | - |
(27) | (28) |
- | - |
Balance sheet date
31-Mar-26
152,930
151,366
416,206
278,927
88,532
31-Dec-25 30-Sep-25 30-Jun-25 31-Mar-25
151,657 152,243 149,110 140,910
150,047 150,654 147,523 139,416
416,331 447,082 435,437 411,768
281,058 273,849 275,504 266,428
89,876 91,559 91,036 86,532
Balance sheet (constant currency) ($m) Loans and advances to external customers (net) | 151,366 | 150,146 | 151,152 | 147,944 | 146,081 | ||
External customer accounts | 278,927 | 280,023 | 273,481 | 274,122 | 275,056 | ||
Risk-weighted assets | 88,532 | 89,400 | 91,475 | 91,025 | 89,512 | ||
Quarter ended | Year to date | ||||||
Management View of Revenue (original FX rates) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 | ||
Banking NII1 | 1,750 | 1,775 | 1,785 | 1,734 | 1,706 | ||
Fee and other income | 2,166 | 1,817 | 2,148 | 1,809 | 1,819 | ||
- Retail Banking | 229 | 182 | 169 | 161 | 153 | ||
- Wealth1 | 1,936 | 1,617 | 1,940 | 1,629 | 1,659 | ||
- Other2 | 1 | 18 | 39 | 19 | 7 | ||
Revenue excluding notable items | 3,916 | 3,592 | 3,933 | 3,543 | 3,525 | ||
Notable items | (167) | 94 | (110) | (43) | (14) | ||
Revenue | 3,749 | 3,686 | 3,823 | 3,500 | 3,511 | ||
Quarter ended | Year to date | ||||||
Management View of Revenue (constant currency) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 | ||
Banking NII1 | 1,750 | 1,807 | 1,823 | 1,801 | 1,822 | ||
Fee and other income | 2,166 | 1,830 | 2,163 | 1,836 | 1,887 | ||
- Retail Banking | 229 | 187 | 174 | 170 | 168 | ||
- Wealth1 | 1,936 | 1,626 | 1,949 | 1,649 | 1,715 | ||
- Other2 | 1 | 17 | 40 | 17 | 4 | ||
Revenue excluding notable items | 3,916 | 3,637 | 3,986 | 3,637 | 3,709 | ||
Notable items | (167) | 95 | (111) | (43) | (16) | ||
Revenue | 3,749 | 3,732 | 3,875 | 3,594 | 3,693 | ||
31-Mar-26 | 31-Mar-25 |
1,750 | 1,706 |
2,166 | 1,819 |
229 | 153 |
1,936 | 1,659 |
1 | 7 |
3,916 | 3,525 |
(167) | (14) |
3,749 | 3,511 |
31-Mar-26 | 31-Mar-25 |
1,750 | 1,822 |
2,166 | 1,887 |
229 | 168 |
1,936 | 1,715 |
1 | 4 |
3,916 | 3,709 |
(167) | (16) |
3,749 | 3,693 |
Banking NII for IWPB is computed by deducting third party net interest income ('NII') in our insurance business from total IWPB NII. Total insurance NII is presented in 'fee and other income' in Wealth in our Management View of Revenue.
'Other' includes allocated revenue from Markets Treasury and hyperinflationary impacts. It also includes other non-product-specific income.
Reported results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment losses of interest in BoCom associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment losses of interest in BoCom associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
External customer accounts Risk-weighted assets
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
(187) | (1,548) | (69) | (1,024) | (58) |
(1) | (23) | (65) | (11) | 9 |
13 | 10 | (1,070) | (92) | (72) |
749 | 670 | 567 | (154) | 803 |
574 | (891) | (637) | (1,281) | 682 |
(187) | (1,569) | (87) | (1,127) | (47) |
(1) | (24) | (65) | (11) | 9 |
13 | 31 | (1,056) | (68) | (74) |
749 | 683 | 581 | (173) | 834 |
574 | (879) | (627) | (1,379) | 722 |
(448) | (1,629) | (1,185) | (2,367) | (158) |
(340) | (1,450) | 4 | (1,141) | (77) |
- | - | - | - | - |
(108) | (179) | (1,189) | (226) | (81) |
- | - | - | (1,000) | - |
(448) | (1,627) | (1,184) | (2,466) | (155) |
(340) | (1,460) | 5 | (1,185) | (76) |
- | - | - | - | - |
(108) | (167) | (1,189) | (234) | (79) |
- | - | - | (1,047) | - |
31-Mar-26 | 31-Mar-25 |
(187) | (58) |
(1) | 9 |
13 | (72) |
749 | 803 |
574 | 682 |
(187) | (47) |
(1) | 9 |
13 | (74) |
749 | 834 |
574 | 722 |
(448) | (158) |
(340) | (77) |
- | - |
(108) | (81) |
- | - |
(448) | (155) |
(340) | (76) |
- | - |
(108) | (79) |
- | - |
Balance sheet date
31-Dec-25
176
141
134,114
347
97,483
30-Sep-25
202
160
140,382
399
89,890
30-Jun-25
234
189
138,843
353
91,077
31-Mar-25
218
176
140,909
393
87,363
139
342
97,293
158
394
89,672
187
343
90,778
178
403
87,764
146
355
92,658
31-Mar-26
182
146
131,371
355
92,658
Balance sheet data (constant currency) ($m) Loans and advances to external customers (net) External customer accounts
Risk-weighted assets
Management View of Revenue (original FX rates) ($m) Banking NII
Fee and other income
Revenue excluding notable items
Notable items
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
(169) | (68) | (238) | (171) | (166) |
322 | (41) | 146 | 229 | 195 |
153 | (109) | (92) | 58 | 29 |
(340) | (1,460) | 5 | (1,185) | (76) |
(187) | (1,569) | (87) | (1,127) | (47) |
Revenue
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
(169) | (68) | (236) | (170) | (152) |
322 | (30) | 163 | 287 | 171 |
153 | (98) | (73) | 117 | 19 |
(340) | (1,450) | 4 | (1,141) | (77) |
(187) | (1,548) | (69) | (1,024) | (58) |
31-Mar-26 | 31-Mar-25 |
(169) | (152) |
322 | 171 |
153 | 19 |
(340) | (77) |
(187) | (58) |
Quarter ended Year to date
31-Mar-26 | 31-Mar-25 |
(169) | (166) |
322 | 195 |
153 | 29 |
(340) | (76) |
(187) | (47) |
Management View of Revenue (constant currency) ($m) Banking NII
Fee and other income
Revenue excluding notable items
Notable items
Revenue
Quarter ended
Year to date
HSBC Legal entities HSBC UK Bank plc (UK ring-fenced bank) All businessesReported Results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
External customer accounts Risk-weighted assets1
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
3,622 | 3,600 | 3,559 | 3,432 | 3,211 |
(208) | (101) | (269) | (153) | (187) |
(1,452) | (1,538) | (1,461) | (1,372) | (1,313) |
- | 1 | - | - | - |
1,962 | 1,962 | 1,829 | 1,907 | 1,711 |
3,622 | 3,650 | 3,557 | 3,464 | 3,436 |
(208) | (103) | (269) | (154) | (201) |
(1,452) | (1,558) | (1,458) | (1,386) | (1,404) |
- | - | - | - | - |
1,962 | 1,989 | 1,830 | 1,924 | 1,831 |
(22) | (56) | (25) | (72) | (9) |
- | - | - | - | - |
- | - | - | - | - |
(22) | (56) | (25) | (72) | (9) |
- | - | - | - | - |
(22) | (55) | (25) | (73) | (10) |
- | - | - | - | - |
- | - | - | - | - |
(22) | (55) | (25) | (73) | (10) |
- | - | - | - | - |
31-Mar-26 | 31-Mar-25 |
3,622 | 3,211 |
(208) | (187) |
(1,452) | (1,313) |
- | - |
1,962 | 1,711 |
3,622 | 3,436 |
(208) | (201) |
(1,452) | (1,404) |
- | - |
1,962 | 1,831 |
(22) | (9) |
- | - |
- | - |
(22) | (9) |
- | - |
(22) | (10) |
- | - |
- | - |
(22) | (10) |
- | - |
Balance sheet date
31-Dec-25
312,145
310,116
471,852
376,903
157,542
30-Sep-25
307,580
305,503
465,908
368,585
158,446
30-Jun-25
307,670
305,661
462,803
371,420
158,083
31-Mar-25
284,917
282,969
435,420
349,850
144,861
306,439
372,435
155,674
301,152
363,335
156,189
295,720
359,341
152,942
290,521
359,187
148,726
311,494
370,603
159,336
31-Mar-26
313,523
311,494
467,461
370,603
159,336
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Risk-weighted assets
UK businessReported results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Of which: Retail Banking and Wealth (reported) ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Balance sheet (reported) ($m)
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) (constant currency) External customer accounts
Of which: Commercial Banking (reported) ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Balance sheet (reported) ($m)
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Quarter ended
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
3,346 | 3,331 | 3,307 | 3,196 | 2,975 |
(203) | (99) | (273) | (158) | (169) |
(1,395) | (1,458) | (1,405) | (1,302) | (1,254) |
- | - | - | - | - |
1,748 | 1,774 | 1,629 | 1,736 | 1,552 |
(9) | (15) | (14) | (43) | (4) |
- | - | - | - | - |
- | - | - | - | - |
(9) | (15) | (14) | (43) | (4) |
- | - | - | - | - |
Balance sheet date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
300,415 | 299,539 | 295,608 | 295,886 | 273,672 |
345,962 | 350,219 | 344,032 | 348,093 | 328,316 |
300,415 | 295,988 | 291,398 | 286,263 | 280,976 |
345,962 | 346,068 | 339,132 | 336,773 | 337,078 |
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
1,700 | 1,628 | 1,623 | 1,565 | 1,436 |
(101) | (70) | (93) | (89) | (88) |
(920) | (872) | (908) | (820) | (780) |
- | - | - | - | - |
679 | 686 | 622 | 656 | 568 |
200,946 | 201,717 | 199,435 | 200,297 | 186,702 |
228,469 | 230,474 | 227,504 | 230,359 | 218,514 |
200,946 | 199,325 | 196,595 | 193,783 | 191,684 |
228,469 | 227,742 | 224,264 | 222,868 | 224,346 |
1,646 | 1,703 | 1,684 | 1,631 | 1,539 |
(102) | (29) | (180) | (69) | (81) |
(475) | (586) | (497) | (482) | (474) |
- | - | - | - | - |
1,069 | 1,088 | 1,007 | 1,080 | 984 |
99,469 | 97,822 | 96,173 | 95,589 | 86,970 |
117,493 | 119,745 | 116,528 | 117,734 | 109,802 |
99,469 | 96,663 | 94,803 | 92,480 | 89,292 |
117,493 | 118,326 | 114,868 | 113,905 | 112,732 |
Quarter ended
Corporate and Institutional Banking | Quarter ended | ||||
Reported results ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Revenue | 184 | 182 | 165 | 161 | 156 |
ECL | (2) | (1) | - | 4 | - |
Total operating expenses | (35) | (35) | (40) | (41) | (36) |
Share of profit in associates and joint ventures less impairment | - | - | - | - | - |
Profit/(loss) before tax | 147 | 146 | 125 | 124 | 120 |
Notable items (reported) ($m) | |||||
Total | (3) | (7) | (1) | (3) | (1) |
Revenue | - | - | - | - | - |
ECL | - | - | - | - | - |
Operating expenses | (3) | (7) | (1) | (3) | (1) |
Impairment of interest in associate | - | - | - | - | - |
Balance sheet date | |||||
Balance sheet (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to external customers (net) | 4,425 | 4,159 | 3,835 | 3,746 | 3,293 |
External customer accounts | 12,833 | 14,104 | 13,168 | 12,401 | 11,254 |
Balance sheet (constant currency) ($m) | |||||
Loans and advances to external customers (net) | 4,425 | 4,109 | 3,781 | 3,624 | 3,381 |
External customer accounts | 12,833 | 13,936 | 12,981 | 11,998 | 11,554 |
International Wealth and Premier Banking | Quarter ended | ||||
Reported results ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Revenue | 94 | 101 | 86 | 89 | 85 |
ECL | (3) | (1) | 4 | 1 | (18) |
Total operating expenses | (56) | (48) | (54) | (57) | (53) |
Share of profit in associates and joint ventures less impairment | - | - | - | - | - |
Profit/(loss) before tax | 35 | 52 | 36 | 33 | 14 |
Notable items (reported) ($m) | |||||
Total | - | 3 | (4) | (3) | - |
Revenue | - | - | - | - | - |
ECL | - | - | - | - | - |
Operating expenses | - | 3 | (4) | (3) | - |
Impairment of interest in associate | - | - | - | - | - |
Balance sheet date | |||||
Balance sheet (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to external customers (net) | 6,654 | 6,418 | 6,060 | 6,029 | 6,004 |
External customer accounts | 11,534 | 12,295 | 11,077 | 10,659 | 10,021 |
Balance sheet (constant currency) ($m) | |||||
Loans and advances to external customers (net) | 6,654 | 6,342 | 5,973 | 5,833 | 6,164 |
External customer accounts | 11,534 | 12,149 | 10,919 | 10,312 | 10,288 |
Corporate Centre | Quarter ended | ||||
Reported results ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Revenue | (2) | (14) | 1 | (14) | (5) |
ECL | - | - | - | - | - |
Total operating expenses | 34 | 3 | 38 | 28 | 30 |
Share of profit in associates and joint ventures less impairment | - | 1 | - | - | - |
Profit/(loss) before tax | 32 | (10) | 39 | 14 | 25 |
Notable items (reported) ($m) | |||||
Total | (10) | (37) | (6) | (23) | (4) |
Revenue | - | - | - | - | - |
ECL | - | - | - | - | - |
Operating expenses | (10) | (37) | (6) | (23) | (4) |
Impairment of interest in associate | - | - | - | - | - |
Balance sheet date | |||||
Balance sheet (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to external customers (net) | - | - | - | - | - |
External customer accounts | 274 | 285 | 308 | 267 | 259 |
Balance sheet (constant currency) ($m) | |||||
Loans and advances to external customers (net) | - | - | - | - | - |
External customer accounts | 274 | 282 | 303 | 258 | 267 |
1 Reported RWAs include transactions with other group entities in line with the published consolidated balance sheets.
HSBC Legal entities HSBC Bank plc (our non ring-fenced bank in the UK and Europe) All businessesReported Results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
External customer accounts Risk-weighted assets1
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
2,536 | 1,239 | 2,441 | 2,638 | 2,720 |
(456) | (80) | (24) | (60) | (39) |
(1,809) | (2,108) | (3,227) | (2,141) | (1,665) |
18 | 22 | 20 | 43 | (3) |
289 | (927) | (790) | 480 | 1,013 |
2,536 | 1,251 | 2,447 | 2,665 | 2,957 |
(456) | (81) | (24) | (60) | (44) |
(1,809) | (2,117) | (3,231) | (2,192) | (1,809) |
18 | 22 | 20 | 43 | (3) |
289 | (925) | (788) | 456 | 1,101 |
(332) | (1,402) | (1,648) | (397) | (34) |
(295) | (1,386) | (104) | (42) | (14) |
- | - | - | - | - |
(37) | (16) | (1,544) | (355) | (20) |
- | - | - | - | - |
(332) | (1,394) | (1,649) | (409) | (38) |
(295) | (1,391) | (104) | (44) | (16) |
- | - | - | - | - |
(37) | (3) | (1,545) | (365) | (22) |
- | - | - | - | - |
31-Mar-26 | 31-Mar-25 |
2,536 | 2,720 |
(456) | (39) |
(1,809) | (1,665) |
18 | (3) |
289 | 1,013 |
2,536 | 2,957 |
(456) | (44) |
(1,809) | (1,809) |
18 | (3) |
289 | 1,101 |
(332) | (34) |
(295) | (14) |
- | - |
(37) | (20) |
- | - |
(332) | (38) |
(295) | (16) |
- | - |
(37) | (22) |
- | - |
Balance sheet date
31-Dec-25
107,347
106,409
894,114
321,451
150,670
30-Sep-25
109,237
108,308
916,374
309,673
150,963
30-Jun-25
107,977
107,058
920,890
306,014
154,392
31-Mar-25
102,614
101,516
858,092
307,594
141,522
104,978
317,243
148,884
106,709
305,145
148,813
104,707
298,153
149,371
106,921
320,472
145,299
103,572
313,571
145,066
31-Mar-26
104,904
103,572
927,601
313,571
145,066
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Risk-weighted assets
Corporate and Institutional Banking | Quarter ended | ||||
Reported results ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Revenue | 2,405 | 2,118 | 1,973 | 2,179 | 2,173 |
ECL | (454) | (97) | (37) | (38) | (42) |
Total operating expenses | (1,432) | (1,778) | (1,690) | (1,647) | (1,309) |
Share of profit in associates and joint ventures less impairment | - | - | - | - | - |
Profit/(loss) before tax | 519 | 243 | 246 | 494 | 822 |
Notable items (reported) ($m) | |||||
Total | - | (131) | (371) | (260) | (17) |
Revenue | 5 | (3) | (6) | - | - |
ECL | - | - | - | - | - |
Operating expenses | (5) | (128) | (365) | (260) | (17) |
Impairment of interest in associate | - | - | - | - | - |
Balance sheet date | |||||
Balance sheet (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to external customers (net) | 83,063 | 83,699 | 85,823 | 84,477 | 80,189 |
External customer accounts | 262,826 | 266,190 | 254,637 | 250,005 | 253,689 |
Balance sheet (constant currency) ($m) | |||||
Loans and advances to external customers (net) | 83,063 | 82,518 | 84,479 | 82,550 | 84,311 |
External customer accounts | 262,826 | 262,631 | 250,863 | 243,682 | 264,673 |
International Wealth and Premier Banking | Quarter ended | ||||
Reported results ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Revenue | 433 | 569 | 472 | 464 | 443 |
ECL | (3) | 6 | 4 | (12) | (3) |
Total operating expenses | (294) | (380) | (339) | (364) | (271) |
Share of profit in associates and joint ventures less impairment | - | - | - | - | - |
Profit/(loss) before tax | 136 | 195 | 137 | 88 | 169 |
Notable items (reported) ($m) | |||||
Total | 8 | 48 | (145) | (52) | (17) |
Revenue | 10 | 71 | (96) | (42) | (14) |
ECL | - | - | - | - | - |
Operating expenses | (2) | (23) | (49) | (10) | (3) |
Impairment of interest in associate | - | - | - | - | - |
Balance sheet date | |||||
Balance sheet (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to external customers (net) | 20,493 | 22,700 | 22,454 | 22,519 | 21,277 |
External customer accounts | 50,690 | 55,209 | 54,962 | 55,959 | 53,817 |
Balance sheet (constant currency) ($m) | |||||
Loans and advances to external customers (net) | 20,493 | 22,450 | 22,199 | 22,098 | 22,558 |
External customer accounts | 50,690 | 54,561 | 54,209 | 54,422 | 55,707 |
Corporate Centre | Quarter ended | ||||
Reported results ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Revenue | (302) | (1,448) | (4) | (5) | 104 |
ECL | 1 | 11 | 9 | (10) | 6 |
Total operating expenses | (83) | 50 | (1,198) | (130) | (85) |
Share of profit in associates and joint ventures less impairment | 18 | 22 | 20 | 43 | (3) |
Profit/(loss) before tax | (366) | (1,365) | (1,173) | (102) | 22 |
Notable items (reported) ($m) | |||||
Total | (340) | (1,319) | (1,132) | (85) | - |
Revenue | (310) | (1,454) | (2) | - | - |
ECL | - | - | - | - | - |
Operating expenses | (30) | 135 | (1,130) | (85) | - |
Impairment of interest in associate | - | - | - | - | - |
Balance sheet date | |||||
Balance sheet (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to external customers (net) | 16 | 10 | 31 | 62 | 50 |
External customer accounts | 55 | 52 | 74 | 50 | 88 |
Balance sheet (constant currency) ($m) | |||||
Loans and advances to external customers (net) | 16 | 10 | 31 | 59 | 52 |
External customer accounts | 55 | 51 | 73 | 49 | 92 |
1 Reported RWAs include transactions with other group entities in line with the published consolidated balance sheets.
HSBC Legal entities The Hongkong and Shanghai Banking Corporation Limited(Our primary banking entity in Asia, including Hang Seng Bank Limited)
All businessesReported Results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment losses of interest in BoCom associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment losses of interest in BoCom associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
External customer accounts Risk-weighted assets1
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Risk-weighted assets
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
10,127 | 8,775 | 9,140 | 7,957 | 9,382 |
(312) | (427) | (298) | (557) | (353) |
(3,822) | (4,081) | (3,797) | (3,765) | (3,538) |
592 | 486 | 406 | (377) | 635 |
6,585 | 4,753 | 5,451 | 3,258 | 6,126 |
10,127 | 8,785 | 9,163 | 7,942 | 9,451 |
(312) | (425) | (297) | (559) | (353) |
(3,822) | (4,091) | (3,811) | (3,786) | (3,576) |
592 | 498 | 418 | (396) | 667 |
6,585 | 4,767 | 5,473 | 3,201 | 6,189 |
(40) | (125) | (75) | (2,257) | (27) |
- | - | (2) | (1,136) | - |
- | - | - | - | - |
(40) | (125) | (73) | (121) | (27) |
- | - | - | (1,000) | - |
(40) | (127) | (75) | (2,347) | (28) |
- | - | (1) | (1,178) | - |
- | - | - | - | - |
(40) | (127) | (74) | (122) | (28) |
- | - | - | (1,047) | - |
31-Mar-26 | 31-Mar-25 |
10,127 | 9,382 |
(312) | (353) |
(3,822) | (3,538) |
592 | 635 |
6,585 | 6,126 |
10,127 | 9,451 |
(312) | (353) |
(3,822) | (3,576) |
592 | 667 |
6,585 | 6,189 |
(40) | (27) |
- | - |
- | - |
(40) | (27) |
- | - |
(40) | (28) |
- | - |
- | - |
(40) | (28) |
- | - |
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
484,498 | 473,028 | 465,796 | 464,611 | 458,423 |
479,119 | 467,842 | 460,790 | 459,814 | 453,681 |
1,497,228 | 1,451,530 | 1,432,060 | 1,413,049 | 1,358,951 |
919,570 | 911,725 | 882,380 | 871,247 | 839,433 |
410,082 | 411,824 | 412,904 | 416,794 | 407,315 |
479,119 | 466,551 | 460,138 | 460,383 | 458,745 |
919,570 | 906,942 | 878,716 | 870,192 | 843,931 |
410,082 | 410,139 | 411,682 | 415,660 | 409,686 |
Balance sheet date
HK businessReported results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment losses of interest in BoCom associate
Balance sheet (reported) ($m)
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Of which: Retail Banking and Wealth (reported) ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Balance sheet (reported) ($m)
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Of which: Commercial Banking (reported) ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Balance sheet (reported) ($m)
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Quarter ended
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
4,115 | 4,047 | 3,958 | 3,837 | 4,000 |
(208) | (308) | (303) | (542) | (316) |
(1,219) | (1,297) | (1,197) | (1,160) | (1,126) |
- | - | - | - | - |
2,688 | 2,442 | 2,458 | 2,135 | 2,558 |
(6) | (12) | (4) | (2) | (7) |
- | - | - | - | - |
- | - | - | - | - |
(6) | (12) | (4) | (2) | (7) |
- | - | - | - | - |
Balance sheet date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
224,698 | 223,730 | 224,264 | 224,867 | 227,615 |
528,278 | 531,902 | 508,691 | 507,657 | 496,370 |
224,698 | 222,313 | 222,882 | 225,418 | 226,337 |
528,278 | 528,386 | 505,313 | 508,745 | 493,159 |
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
2,777 | 2,618 | 2,570 | 2,443 | 2,551 |
(82) | (139) | (35) | (68) | (78) |
(845) | (880) | (823) | (797) | (767) |
- | - | - | - | - |
1,850 | 1,599 | 1,712 | 1,578 | 1,706 |
131,392 | 131,062 | 129,989 | 127,997 | 129,780 |
376,188 | 377,014 | 360,127 | 363,194 | 354,141 |
131,392 | 130,166 | 129,078 | 128,223 | 128,870 |
376,188 | 374,404 | 357,527 | 363,753 | 351,523 |
1,338 | 1,429 | 1,388 | 1,394 | 1,449 |
(126) | (169) | (268) | (474) | (238) |
(360) | (400) | (374) | (363) | (359) |
- | - | - | - | - |
852 | 860 | 746 | 557 | 852 |
93,306 | 92,668 | 94,275 | 96,870 | 97,835 |
152,090 | 154,888 | 148,564 | 144,463 | 142,229 |
93,306 | 92,147 | 93,804 | 97,195 | 97,467 |
152,090 | 153,982 | 147,786 | 144,992 | 141,636 |
Quarter ended
Corporate and Institutional Banking | Quarter ended | ||||
Reported results ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Revenue | 3,608 | 3,171 | 3,285 | 3,369 | 3,550 |
ECL | (74) | (72) | 28 | 20 | (8) |
Total operating expenses | (1,402) | (1,461) | (1,410) | (1,383) | (1,328) |
Share of profit in associates and joint ventures less impairment | - | - | - | - | - |
Profit/(loss) before tax | 2,132 | 1,638 | 1,903 | 2,006 | 2,214 |
Notable items (reported) ($m) | |||||
Total | (6) | (24) | (20) | (38) | (17) |
Revenue | 1 | - | - | - | - |
ECL | - | - | - | - | - |
Operating expenses | (7) | (24) | (20) | (38) | (17) |
Impairment losses of interest in BoCom associate | - | - | - | - | - |
Balance sheet date | |||||
Balance sheet (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to external customers (net) | 171,643 | 165,421 | 158,654 | 159,903 | 156,740 |
External customer accounts | 236,973 | 228,706 | 226,692 | 217,331 | 202,787 |
Balance sheet (constant currency) ($m) | |||||
Loans and advances to external customers (net) | 171,643 | 165,091 | 158,768 | 159,507 | 159,538 |
External customer accounts | 236,973 | 227,294 | 225,690 | 214,943 | 205,382 |
International Wealth and Premier Banking | Quarter ended | ||||
Reported results ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Revenue | 2,130 | 1,759 | 2,035 | 1,764 | 1,847 |
ECL | (28) | (46) | (23) | (35) | (29) |
Total operating expenses | (1,077) | (1,101) | (1,068) | (990) | (960) |
Share of profit in associates and joint ventures less impairment | 19 | (4) | 23 | (11) | 7 |
Profit/(loss) before tax | 1,044 | 608 | 967 | 728 | 865 |
Notable items (reported) ($m) | |||||
Total | (9) | (29) | (20) | (20) | - |
Revenue | - | - | - | - | - |
ECL | - | - | - | - | - |
Operating expenses | (9) | (29) | (20) | (20) | - |
Impairment losses of interest in BoCom associate | - | - | - | - | - |
Balance sheet date | |||||
Balance sheet (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to external customers (net) | 82,648 | 78,561 | 77,743 | 74,916 | 69,200 |
External customer accounts | 154,317 | 151,115 | 146,996 | 146,257 | 140,275 |
Balance sheet (constant currency) ($m) | |||||
Loans and advances to external customers (net) | 82,648 | 79,018 | 78,361 | 75,330 | 72,744 |
External customer accounts | 154,317 | 151,260 | 147,711 | 146,502 | 145,388 |
Reported results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Quarter ended
31-Mar-26
274
(2)
(124)
573
721
31-Dec-25
(202)
(1)
(222)
490
65
30-Sep-25
(138)
- (122)
383
123
30-Jun-25
(1,013)
- (232)
(366)
(1,611)
31-Mar-25
(15)
- (124)
628
489
(19)
(1)
- (18)
-
(60)
-
- (60)
-
(31)
(2)
- (29)
-
(2,197)
(1,136)
- (61)
(1,000)
(3)
-
- (3)
-
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment losses of interest in BoCom associate
Balance sheet date
31-Mar-26
31-Dec-25
30-Sep-25
30-Jun-25
31-Mar-25
Balance sheet (reported) ($m)
130 | 130 | 129 | 128 | 126 |
2 | 2 | 1 | 2 | 1 |
130 | 129 | 127 | 128 | 126 |
2 | 2 | 2 | 2 | 2 |
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
1 Risk-weighted assets are non-additive across the entities, due to market risk diversification effects within the Group.
HSBC Legal entities The Hongkong and Shanghai Banking Corporation Limited (Hong Kong)1(Our primary banking entity in Asia, including Hang Seng Bank
Limited)
All businessesReported Results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
External customer accounts Risk-weighted assets
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Risk-weighted assets
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
6,402 | 5,533 | 5,670 | 5,775 | 6,068 |
(253) | (384) | (352) | (426) | (316) |
(2,272) | (2,345) | (2,215) | (2,147) | (2,105) |
8 | (7) | 17 | (16) | 4 |
3,885 | 2,797 | 3,120 | 3,186 | 3,651 |
6,402 | 5,509 | 5,675 | 5,769 | 6,042 |
(253) | (383) | (352) | (426) | (315) |
(2,272) | (2,332) | (2,218) | (2,145) | (2,096) |
8 | (8) | 17 | (15) | 4 |
3,885 | 2,786 | 3,122 | 3,183 | 3,635 |
(19) | (63) | (34) | (59) | (23) |
2 | - | (1) | - | - |
- | - | - | - | - |
(21) | (63) | (33) | (59) | (23) |
- | - | - | - | - |
(19) | (62) | (35) | (59) | (23) |
2 | - | (1) | - | - |
- | - | - | - | - |
(21) | (62) | (34) | (59) | (23) |
- | - | - | - | - |
31-Mar-26 | 31-Mar-25 |
6,402 | 6,068 |
(253) | (316) |
(2,272) | (2,105) |
8 | 4 |
3,885 | 3,651 |
6,402 | 6,042 |
(253) | (315) |
(2,272) | (2,096) |
8 | 4 |
3,885 | 3,635 |
(19) | (23) |
2 | - |
- | - |
(21) | (23) |
- | - |
(19) | (23) |
2 | - |
- | - |
(21) | (23) |
- | - |
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
282,183 | 277,513 | 274,322 | 275,317 | 275,003 |
277,897 | 273,396 | 270,393 | 271,663 | 271,361 |
961,030 | 936,881 | 927,775 | 907,025 | 857,499 |
623,721 | 619,029 | 599,045 | 589,873 | 573,328 |
191,959 | 193,626 | 195,558 | 195,799 | 196,461 |
277,897 | 271,475 | 268,385 | 272,030 | 269,270 |
623,721 | 614,678 | 594,598 | 590,670 | 568,911 |
191,959 | 192,398 | 194,262 | 196,034 | 195,111 |
Balance sheet date
HK businessReported results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Of which: Retail Banking and Wealth (reported) ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Balance sheet (reported) ($m)
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Of which: Commercial Banking (reported) ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Balance sheet (reported) ($m)
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Quarter ended
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
4,034 | 3,964 | 3,874 | 3,750 | 3,907 |
(218) | (292) | (315) | (497) | (309) |
(1,171) | (1,236) | (1,143) | (1,102) | (1,069) |
- | - | - | - | - |
2,645 | 2,436 | 2,416 | 2,151 | 2,529 |
(5) | (7) | (1) | 1 | (7) |
- | - | - | - | - |
- | - | - | - | - |
(5) | (7) | (1) | 1 | (7) |
- | - | - | - | - |
Balance sheet date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
215,695 | 214,557 | 214,924 | 215,355 | 217,479 |
517,725 | 519,570 | 496,770 | 494,916 | 483,913 |
215,695 | 213,049 | 213,329 | 215,645 | 215,803 |
517,725 | 515,918 | 493,082 | 495,585 | 480,185 |
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
2,756 | 2,597 | 2,550 | 2,426 | 2,531 |
(81) | (137) | (36) | (67) | (76) |
(826) | (856) | (802) | (778) | (745) |
- | - | - | - | - |
1,849 | 1,604 | 1,712 | 1,581 | 1,710 |
129,254 | 128,877 | 127,661 | 125,609 | 127,255 |
373,521 | 374,166 | 357,279 | 360,370 | 350,997 |
129,254 | 127,971 | 126,714 | 125,778 | 126,274 |
373,521 | 371,536 | 354,627 | 360,858 | 348,293 |
1,278 | 1,367 | 1,324 | 1,324 | 1,376 |
(137) | (155) | (279) | (430) | (233) |
(331) | (363) | (341) | (324) | (324) |
- | - | - | - | - |
810 | 849 | 704 | 570 | 819 |
86,441 | 85,680 | 87,263 | 89,746 | 90,224 |
144,204 | 145,404 | 139,491 | 134,546 | 132,916 |
86,441 | 85,078 | 86,615 | 89,867 | 89,529 |
144,204 | 144,382 | 138,455 | 134,727 | 131,892 |
Quarter ended
Corporate and Institutional Banking | Quarter ended | ||||
Reported results ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Revenue | 1,311 | 1,026 | 1,126 | 1,203 | 1,346 |
ECL | (35) | (93) | (37) | 74 | (6) |
Total operating expenses | (645) | (646) | (651) | (592) | (627) |
Share of profit in associates and joint ventures less impairment | - | - | - | - | - |
Profit/(loss) before tax | 631 | 287 | 438 | 685 | 713 |
Notable (reported items) ($m) | |||||
Total | (2) | (14) | (11) | (10) | (14) |
Revenue | 1 | - | - | - | - |
ECL | - | - | - | - | - |
Operating expenses | (3) | (14) | (11) | (10) | (14) |
Impairment of interest in associate | - | - | - | - | - |
Balance sheet date | |||||
Balance sheet (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to external customers (net) | 44,564 | 43,508 | 39,839 | 42,026 | 41,451 |
External customer accounts | 65,114 | 61,030 | 63,395 | 57,548 | 53,241 |
Balance sheet (constant currency) ($m) | |||||
Loans and advances to external customers (net) | 44,564 | 43,202 | 39,543 | 42,083 | 41,131 |
External customer accounts | 65,114 | 60,601 | 62,924 | 57,626 | 52,831 |
International Wealth and Premier Banking | Quarter ended | ||||
Reported results ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Revenue | 934 | 760 | 846 | 757 | 839 |
ECL | 1 | 1 | - | (3) | (1) |
Total operating expenses | (341) | (319) | (336) | (283) | (301) |
Share of profit in associates and joint ventures less impairment | 7 | (9) | 17 | (17) | 3 |
Profit/(loss) before tax | 601 | 433 | 527 | 454 | 540 |
Notable items (reported) ($m) | |||||
Total | (4) | (2) | (4) | (7) | - |
Revenue | - | - | - | - | - |
ECL | - | - | - | - | - |
Operating expenses | (4) | (2) | (4) | (7) | - |
Impairment of interest in associate | - | - | - | - | - |
Balance sheet date | |||||
Balance sheet (reported) ($m) | 31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
Loans and advances to external customers (net) | 17,516 | 15,210 | 15,511 | 14,164 | 12,314 |
External customer accounts | 40,882 | 38,429 | 38,880 | 37,409 | 36,174 |
Balance sheet (constant currency) ($m) | |||||
Loans and advances to external customers (net) | 17,516 | 15,104 | 15,395 | 14,184 | 12,220 |
External customer accounts | 40,882 | 38,159 | 38,592 | 37,459 | 35,895 |
Reported results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Quarter ended
31-Mar-26
123
(1)
(115)
1
8
31-Dec-25
(217)
- (144)
2
(359)
30-Sep-25
(176)
- (85)
-
(261)
30-Jun-25
65
- (170)
1
(104)
31-Mar-25
(24)
- (108)
1
(131)
(8)
1
- (9)
-
(40)
-
- (40)
-
(18)
(1)
- (17)
-
(43)
-
- (43)
-
(2)
-
- (2)
-
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet date
31-Mar-26
31-Dec-25
30-Sep-25
30-Jun-25
31-Mar-25
Balance sheet (reported) ($m)
122 | 121 | 119 | 118 | 117 |
- | - | - | - | - |
122 | 120 | 118 | 118 | 116 |
- | - | - | - | - |
Loans and advances to external customers (net) External customer accounts
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
1 Represents the principal operations of the subsidiary or branch of The Hongkong and Shanghai Banking Corporation Limited, which are located in Hong Kong.
HSBC Legal entities Hang Seng Limited1 All businessesReported Results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
External customer accounts Risk-weighted assets
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 | 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
1,303 | 1,356 | 1,334 | 1,298 | 1,349 |
(108) | (177) | (232) | (404) | (219) |
(468) | (510) | (476) | (467) | (457) |
7 | (9) | 17 | (17) | 3 |
734 | 660 | 643 | 410 | 676 |
1,303 | 1,351 | 1,337 | 1,299 | 1,347 |
(108) | (177) | (231) | (406) | (218) |
(468) | (509) | (478) | (469) | (458) |
7 | (9) | 16 | (16) | 3 |
734 | 656 | 644 | 408 | 674 |
(2) | (10) | (5) | (14) | (1) |
- | - | - | - | - |
- | - | - | - | - |
(2) | (10) | (5) | (14) | (1) |
- | - | - | - | - |
(2) | (10) | (5) | (13) | (1) |
- | - | - | - | - |
- | - | - | - | - |
(2) | (10) | (5) | (13) | (1) |
- | - | - | - | - |
31-Mar-26 | 31-Mar-25 |
1,303 | 1,349 |
(108) | (219) |
(468) | (457) |
7 | 3 |
734 | 676 |
1,303 | 1,347 |
(108) | (218) |
(468) | (458) |
7 | 3 |
734 | 674 |
(2) | (1) |
- | - |
- | - |
(2) | (1) |
- | - |
(2) | (1) |
- | - |
- | - |
(2) | (1) |
- | - |
Balance sheet date
31-Dec-25
103,613
101,148
224,342
161,549
73,393
30-Sep-25
103,917
101,578
225,303
158,731
74,657
30-Jun-25
104,424
102,340
224,276
162,070
77,565
31-Mar-25
106,187
104,357
220,891
158,302
80,877
100,587
160,584
73,078
101,096
157,835
74,466
102,713
162,571
77,976
104,010
157,505
80,822
99,477
165,180
71,859
31-Mar-26
102,075
99,477
228,197
165,180
71,859
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Risk-weighted assets
1 Amounts have been adjusted and presented on an IFRS basis to align from local GAAP; adjustments reclassify immaterial items between line items, affecting operating expenses, profit before tax and total external assets.
37
HSBC Legal entities HSBC North America Holdings Inc.(The holding company for our primary banking entities in the USA)
All businessesReported Results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Constant currency results ($m) Revenue
ECL
Total operating expenses
Share of profit in associates and joint ventures less impairment
Profit/(loss) before tax
Notable items (reported) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Notable items (constant currency) ($m) Total
Revenue ECL
Operating expenses
Impairment of interest in associate
Balance sheet (reported) ($m)
Loans and advances to external customers (gross) Loans and advances to external customers (net) Total external assets
External customer accounts Risk-weighted assets1
Quarter ended Year to date
31-Mar-26 | 31-Dec-25 30-Sep-25 | 30-Jun-25 | 31-Mar-25 |
1,249 | 1,203 1,208 | 1,148 | 1,171 |
(50) | (32) (19) | (64) | (86) |
(804) | (829) (823) | (860) | (819) |
- | - - | - | - |
395 | 342 366 | 224 | 266 |
1,249 | 1,202 1,209 | 1,148 | 1,171 |
(50) | (31) (19) | (64) | (86) |
(804) | (829) (823) | (860) | (820) |
- | - - | - | - |
395 | 342 367 | 224 | 265 |
(10) | (11) (16) | (41) | (16) |
- | (1) 1 | - | - |
- | - - | - | - |
(10) | (10) (17) | (41) | (16) |
- | - - | - | - |
(10) | (12) (16) | (41) | (16) |
- | - 1 | - | - |
- | - - | - | - |
(10) | (12) (17) | (41) | (16) |
- | - - | - | - |
31-Mar-26 | 31-Mar-25 |
1,249 | 1,171 |
(50) | (86) |
(804) | (819) |
- | - |
395 | 266 |
1,249 | 1,171 |
(50) | (86) |
(804) | (820) |
- | - |
395 | 265 |
(10) | (16) |
- | - |
- | - |
(10) | (16) |
- | - |
(10) | (16) |
- | - |
- | - |
(10) | (16) |
- | - |
Balance sheet date
31-Dec-25
52,494
52,178
250,940
99,458
73,961
30-Sep-25
56,900
56,528
251,327
99,160
77,528
30-Jun-25
57,677
57,287
260,269
96,145
77,352
31-Mar-25
57,031
56,648
244,746
97,533
76,302
52,178
99,458
73,961
56,528
99,160
77,528
57,287
96,145
77,352
56,648
97,533
76,302
55,361
99,951
77,409
31-Mar-26
55,707
55,361
244,484
99,951
77,409
Balance sheet (constant currency) ($m)
Loans and advances to external customers (net) External customer accounts
Risk-weighted assets
38
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