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Earnings · Guidance · HSBC · Profit
HSBC Holdings reported its full-year 2025 pretax profit of $29.91 billion, surpassing analyst consensus and indicating a positive financial performance despite a year-on-year decrease from $32.38 billion, attributed to restructuring costs and impairments.
The bank's revenue increased by 4% to $68.3 billion, driven by wealth fees and foreign exchange income. HSBC also provided a 2026 net interest income target of at least $45 billion, exceeding market expectations of $43.5 billion, and projected cost growth of 1% with a target cost base of $33.8 billion, which is below consensus.
The company reiterated its commitment to achieving at least a 17% return on tangible equity through 2028 and anticipates revenue growth to reach 5% by that year. Fourth-quarter results also showed strength, with adjusted pretax profit up 9% and net interest income 6% ahead of estimates.
HSBC Surpasses Profit Expectations, Targets $45 Billion Net Interest Income by 2026(current)