HSBC Holdings 2026 Interim Pretax Profit Up 23.48% to $19.522 Billion
HSBC Holdings reported 2026 interim pretax profit of $19.522 billion, up 23.48% year-on-year. The Hongkong and Shanghai Banking Corporation contributed $12.897 billion, up 37.44%, while HSBC North America Holdings surged 90.82% to $935 million. HSBC Bank plc fell 21.37% to $1.174 billion and HSBC Bank Middle East dropped 16.55% to $474 million. On a constant currency basis, corporate and institutional banking rose 6.54% and international wealth management gained 22.47%. Net interest income grew 9% to $9.29 billion, operating expenses fell 2%, and annualised tangible equity return excluding items was 19.1% against a 17% target.
HSBC Holdings announced its 2026 interim results, with reported profit before tax of $19.522 billion, up 23.48% year-on-year. Among these, the Hongkong and Shanghai Banking Corporation reported profit before tax of $12.897 billion, up 37.44%; HSBC Bank plc profit before tax of $1.174 billion, down 21.37%; HSBC North America Holdings profit before tax of $935 million, up 90.82%; HSBC Bank Middle East profit before tax of $474 million, down 16.55%.
On a constant currency basis, corporate and institutional banking pretax profit was $7.25 billion, up 6.54%; Hong Kong business pretax profit was $5.138 billion, up 13.9%; UK business pretax profit was $3.332 billion, up 3.19%; international wealth management and premier banking pretax profit was $2.616 billion, up 22.47%; corporate centre pretax profit was $1.186 billion, compared with a loss of $680 million in the same period of 2025.
Revenue growth was driven by higher net interest income and other fees, including a one-off gain of $1.3 billion from major items and a net favourable impact of $2.6 billion. Net interest income was $9.29 billion, up 9% year-on-year; operating expenses fell 2%, mainly due to lower restructuring costs. Major items included $200 million in restructuring-related costs.
In the reported quarter, the annualised tangible equity return after excluding items was 19.1%, while the company maintains a target tangible equity return of 17%.