HSBC Holdings plc Q3 2025 Earnings Release

HSBC Holdings plc reported a profit before tax of $7.3 billion for Q3 2025, a decrease of $1.2 billion compared to Q3 2024. This decline was primarily due to $1.4 billion in legal provisions related to historical matters, classified as notable items. Revenue increased by $0.8 billion or 5%, driven by strong performances in Wealth, particularly in Insurance and investment distribution, offset by declines in Global Foreign Exchange and Debt and Equity Markets. Net interest income rose by $1.1 billion, benefiting from deposit growth and structural hedging, though partially offset by the disposal of the Argentina business. Expected credit losses remained stable at $1.0 billion. Operating expenses increased by $1.9 billion or 24%, largely due to legal provisions and higher technology investments. The Board announced a third interim dividend of $0.10 per share.