HSBC Holdings plc reported 1Q26 profit before tax of $9.4bn, slightly below 1Q25, as higher credit charges and operating costs offset stronger revenue. Profit after tax was $7.4bn, and annualised return on average tangible equity was 17.3%, or 18.7% excluding notable items.
Revenue rose 6% year on year to $18.6bn, driven by Wealth fee growth and higher banking net interest income of $11.3bn. Expected credit losses increased to $1.3bn, including a $0.4bn fraud-related UK exposure and a $0.3bn overlay linked to the new Middle East conflict. Operating expenses grew 8% to $8.7bn amid inflation and technology investment, partly offset by simplification savings.
HSBC declared a first interim dividend of $0.10 per share. Management reaffirmed its RoTE target of 17% or better for 2026–2028, raised 2026 banking net interest income guidance to around $46bn, and now expects 2026 ECL at about 45% of average gross loans, reflecting a more uncertain macroeconomic outlook.
HSBC Holdings plc reported routine share acquisitions by senior executives through automatic reinvestment of the fourth interim dividend for 2025. On 30 April 2026, Co-Chief Executive for Asia and Middle East David Liao acquired 22,167 ordinary shares at £13.47 per share, totaling £298,531.63.
Chief Executive for International Wealth and Premier Banking Barry O'Byrne acquired 45 ordinary shares at the same price, for £606.03. These acquisitions were made as part of vested share plan interests and disclosed under the EU Market Abuse Regulation.
HSBC Holdings plc reports updated share capital and voting rights. As of 29 April 2026, the company had 17,183,560,530 ordinary shares of US$0.50 in issue, with no shares held in treasury. The total number of voting rights is therefore 17,183,560,530.
This voting rights figure is to be used by shareholders as the denominator when calculating whether they must notify any interests or changes in interests in HSBC under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules and Part XV of the Hong Kong Securities and Futures Ordinance.
HSBC Holdings plc reported issuing 14,171 Ordinary Shares of US$0.50 each during the period from 28 March to 29 April 2026 under the HSBC Share Plan 2011 using its existing block listing authority. These new shares rank pari passu with all existing Ordinary Shares.
As at 29 April 2026, the Company’s issued share capital stood at 17,183,560,530 Ordinary Shares. After this issuance, the HSBC Share Plan 2011 retained a balance of 8,820,236 unallotted securities within the block listing, alongside unchanged balances for several other employee and option share plans.
HSBC Holdings plc will redeem in 2026 its HK$1,500,000,000 1.55% Notes due 2027 (Series 42) and EUR2,000,000,000 3.019% Fixed to Floating Rate Notes due 2027 (Series 52) under its issuer call options.
The Series 42 Notes will be redeemed on 3 June 2026 at HK$1,000,000 per Calculation Amount plus accrued interest from 3 June 2025. The Series 52 Notes will be redeemed on 15 June 2026 at EUR1,000 per Calculation Amount plus accrued interest from 15 June 2025.
Listings of these Notes on the Official List of the UK Financial Conduct Authority and trading on the London Stock Exchange Main Market will be cancelled shortly after 4 June 2026 for Series 42 and 16 June 2026 for Series 52.
HSBC Holdings plc plans a Board committee meeting on 5 May 2026 to consider approving its earnings release for the first quarter of 2026 and a first interim dividend for 2026 on its ordinary shares. If approved, the dividend will be paid on 26 June 2026 to shareholders on the UK principal register, Hong Kong and Bermuda overseas branch registers, and holders of American Depositary Shares on record as of 15 May 2026.
HSBC Holdings plc has confirmed a fourth interim dividend for the 2025 financial year of US$0.45 per ordinary share. The dividend will be paid on 30 April 2026 to shareholders on the UK, Hong Kong and Bermuda registers who were on record on 13 March 2026.
Shareholders can receive the dividend in US dollars, sterling or Hong Kong dollars. Based on forward exchange rates on 20 April 2026, this equals approximately HK$3.522942 or £0.333016 per ordinary share. Holders of American Depositary Shares will receive US$2.25 per ADS, with each ADS representing five ordinary shares.
HSBC Holdings plc has issued an amended and restated notice of redemption for its US$2,000,000,000 1.589% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027. The original notice incorrectly stated that interest and principal would be paid on Monday, 25 May 2026, which is not a Business Day. Under the Indenture terms, payment will instead be made on the next Business Day, Tuesday, 26 May 2026, with all other terms of the redemption remaining unchanged.
HSBC Holdings plc has filed a Form 6-K announcing a Notice of Redemption for its US$2,000,000,000 1.589% fixed rate/floating rate senior unsecured notes due 2027, referred to as the Securities. The notice references a defined Par Redemption and is addressed to holders of the Securities and the New York Stock Exchange.
HSBC is headquartered in London and serves customers in 56 countries and territories. It reported assets of US$3,233bn as of 31 December 2025, underscoring its position as one of the world’s largest banking and financial services organisations.
HSBC Holdings plc has granted conditional share awards to employees under its International Employee Share Purchase Plan. The awards cover a total of 307,754.79576 ordinary shares of US$0.50 each, split between London and Hong Kong listed stock.
The grant comprises 160,942.19905 London Stock Exchange listed shares and 146,812.59671 Hong Kong Stock Exchange listed shares, with a purchase price of GBP 0 for participants and a vesting period of 2 years 6 months. On the grant date, the closing share prices were GBP 13.324 in London and HKD 138.80 in Hong Kong. The plan is subject to an overall limit of 10% of the Company’s ordinary share capital, with 1,108,840,359 shares still available for future awards.