HSBC HOLDINGS PLC (HSBC) Form 6-K — Oct 27, 2026
HSBC reported 3Q26 profit before tax of $9.6bn, up 32% year-on-year, with profit after tax up 38% to $7.6bn and annualised RoTE of 17.7% versus 12.3% a year earlier. Revenue rose 5% to $18.6bn, driven by banking net interest income growth and a 17% drop in expected credit losses. For the nine months, profit before tax climbed 26% to $29.2bn and revenue rose 9% to $56.4bn, helped by the non-recurrence of $2.1bn in BoCom-related losses and $1.4bn in legal provisions booked in 2025. Net interest margin held at 1.57% and the cost efficiency ratio improved to 47.4%.
Key figures
- Eps
- 0.41 (3Q26 basic); 1.27 (9M26 basic)
- Revenue
- $18.6bn (3Q26); $56.4bn (9M26)
- Guidance
- RoTE of 17%+ for 2026-2028 ex-notables; banking NII of at least $46bn in 2026; ECL ~45bps of average gross loans for 2026; ~1% target-basis cost growth in 2026; dividend payout ratio target of 50%; CET1 target range 14-14.5%
- Net Income
- $7.6bn (3Q26 profit after tax, +38% YoY); $22.9bn (9M26, +28%)
- Revenue Yoy
- +5% (3Q26); +9% (9M26)
- Shares Outstanding
- Full-time equivalent staff 204,330, down 4,390 since 31 Dec 2025
- Buyback
- Completed $1bn buy-back 28 Sep 2026; intends new buy-back of up to $1bn by FY2026 results
- Ecl 3q26
- $0.8bn (-17% YoY)
- Rote 3q26
- 17.7% (vs 12.3% in 3Q25)
- Cet1 ratio
- 13.9% (down 0.2pp vs 30 Jun 2026)
- Total assets
- $3.4tn at 30 Sep 2026
- Wealth balances
- $1.6tn (+3% YTD)
- Banking nii 9m26
- $34.6bn
- Net new money 9m26
- $105bn ($95bn in Asia)
- Net interest margin
- 1.57% (3Q26), stable YoY
- Rote 9m26 ex notables
- 18.8%
- Profit before tax 3q26
- $9.6bn (+32% YoY)
- Profit before tax 9m26
- $29.2bn (+26% YoY)
- Third interim dividend
- $0.10 per share
- Net interest income 3q26
- $9.3bn (+6% YoY)
AI analysis
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