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HSBC Holdings (HSBA) investor relations material
HSBC Holdings Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary28 Oct, 2025
Executive summary
Achieved 3% year-over-year growth in revenue and profit before tax excluding notable items, with annualized ROTE of 17.6% year-to-date and upgraded 2025 NII and ROTE targets.
Wealth management and fee income grew strongly, with 29% YoY growth and net new invested assets of $29 billion, over half from Asia.
Announced intention to privatize Hang Seng Bank, aiming for operational efficiencies and capital alignment.
Eleven non-core business exits announced year-to-date, including Malta and Sri Lanka retail banking, to focus on higher-return areas.
Legal provisions of $1.4 billion in 3Q25, mainly related to Madoff litigation and historical trading matters in Europe, impacted reported profit.
Financial highlights
3Q25 revenue reached $17.9 billion, up 3% year-over-year excluding notable items; reported revenue was $17.8 billion, up 4% YoY.
Profit before tax for 3Q25 was $9.1 billion excluding notable items, $7.3 billion reported, with legal provisions impacting results.
Customer deposit balances stood at $1.7 trillion, with $86 billion growth over the last 12 months.
Annualized ROTE was 16.4% in Q3 and 17.6% year-to-date, both excluding notable items.
CET1 capital ratio at 14.5%, with tangible net asset value per share of $9.22.
Outlook and guidance
Upgraded 2025 banking NII guidance to $43 billion or better, with ROTE expected to be mid-teens or better.
Targeting around 3% cost growth in 2025 compared to 2024.
ECL charges expected to remain around 40bps of average gross loans in 2025.
CET1 capital ratio target range maintained at 14%-14.5%, with a temporary dip expected post-Hang Seng Bank privatization.
Dividend payout ratio for 2025 targeted at 50% of earnings per share, excluding material notable items.
Restore CET1 post Hang Seng deal & buy-back halt?
Hong Kong CRE outlook & mitigation actions?
ROTE target: drivers despite Q4 headwinds?
Madoff litigation: other cases' capital risk?
HK nonresident customers: Wealth product conversion?
Exits' reinvestment: RoTE impact beyond mid-teens?
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Next HSBC Holdings earnings date
Q4 202525 Feb, 2026
Next HSBC Holdings earnings date
Q4 202525 Feb, 2026
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Frequently asked questions
A British Bank With Expertise in Asia
Founded in 1865, HSBC, originally known as The Hongkong and Shanghai Banking Corporation, is an important player in the global banking and financial services industry. Based in London, HSBC has grown to establish a strong foothold across different continents, providing a wide variety of services like retail banking, corporate banking, investment banking, and wealth management.
HSBC’s Inception and Growth
The journey of HSBC traces back to the mid-19th century when Thomas Sutherland founded the bank in the former British territories of Hong Kong and Shanghai. The vision was to facilitate the growing trade between Europe, India, and China. Over the decades, HSBC has expanded its footprint across the globe through organic growth and strategic acquisitions. Today it operates in over 64 countries and territories all over the world, serving more than 40 million customers. This global reach is not something unique in the modern banking world, and competitors like Barclays and Citi also have a massive international presence.
A Modern Financial Powerhouse
HSBC provides an array of comprehensive financial services to a wide customer base that ranges from individual consumers to multinational corporations. Its four major business components include retail banking and wealth management, commercial banking, global banking and markets, and global private and investment banking. The bank's products and services encompass current and savings accounts, mortgages, insurance, credit/debit cards, and loans, as well as foreign exchange, treasury services, and investment management. It has positioned itself as a bridge between the East and the West, emphasizing its role as a global trade facilitator, and the bank continues to have a strategic focus on Asia.
Looking Ahead
In the wake of digital transformation, HSBC has also been proactive in adapting to technological advancements. The bank has shown a willingness to embrace technology to enhance customer experience, optimize operational efficiency, and mitigate risks. With the rise of FinTech competitors, the bank has invested heavily in digital banking platforms, data analytics, AI, cybersecurity, and blockchain technologies. HSBC's adoption of mobile banking has also been significant, reflecting its aim to serve the digital-savvy customer base effectively.
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