HSBC Holdings 2026 Interim Results: Pretax Profit Up 23.48%, Hong Kong Operations Strong
HSBC Holdings reported interim pretax profit of US$19.522 billion for the first half of 2026, up 23.48% year on year. Second-quarter pretax profit jumped 60.39% to US$10.146 billion, aided by a US$1.3 billion one-off gain. The Hongkong and Shanghai Banking Corporation delivered a strong 37.44% rise to US$12.897 billion, while HSBC North America Holdings surged 90.82%. The company maintained its 17% return on tangible equity target, with an annualised return of 19.1% excluding special items.
HSBC Holdings reported interim results for the six months ended 30 June 2026. On a reported basis, pretax profit was US$19.522 billion, up 23.48% year on year. Second-quarter pretax profit rose 60.39% year on year to US$10.146 billion, with revenue up 16% to US$19.1 billion, boosted by a one-off gain of US$1.3 billion from special items. Net interest income increased 9% to US$9.29 billion, while operating expenses fell 2%, mainly due to lower restructuring costs.
By geography, The Hongkong and Shanghai Banking Corporation reported pretax profit of US$12.897 billion on a reported basis, up 37.44%. HSBC Bank plc posted pretax profit of US$1.174 billion, down 21.37%. HSBC North America Holdings reported pretax profit of US$935 million, up 90.82%. HSBC Bank Middle East reported pretax profit of US$474 million, down 16.55%. On a constant currency basis, Corporate and Institutional Banking pretax profit rose 6.54% to US$7.25 billion. Hong Kong operations saw pretax profit up 13.9% to US$5.138 billion. UK operations rose 3.19% to US$3.332 billion. International Wealth Management and Premier Banking pretax profit increased 22.47% to US$2.616 billion. Corporate Centre pretax profit was US$1.186 billion, versus a loss of US$680 million in the same period of 2025.
The company maintained its target return on tangible equity of 17%, with an annualised return of 19.1% excluding special items.