HSBC HOLDINGS (00005) announced its interim results, reporting a post-tax profit of $15.321 billion, a year-on-year increase of 23.15%.

HSBC HOLDINGS (00005) released its mid-year results for 2026, reporting revenue of $37.742 billion, a year-on-year increase of 10.61%; after-tax profit of $15.321 billion, a year-on-year increase of 23.15%; and basic earnings per share of $0.85. Before tax profit was $19.5 billion, an increase of $3.7 billion from the first half of 2025, reflecting a growth rate of 23%. This primarily reflects a favorable net annual impact of $2.2 billion from items of note. Additionally, the increase also reflects the growth in net interest income from banking operations, as well as increases in fees and other income, primarily from wealth management and wholesale banking operations. However, expected credit losses and other credit impairment provisions (expected credit losses) are anticipated to increase, alongside planned growth in operating expenses, which offset part of the increase. After-tax profit was $15.3 billion, an increase of $2.9 billion from the first half of 2025, also a growth rate of 23%. In the first half of 2026, items of note included a loss on the sale related to the planned divestiture of the Malta business amounting to $300 million, restructuring costs of $300 million related to the group's simplified organizational structure, and a loss of $200 million arising from the recycling of currency translation reserves following the completion of the sale of the UK life insurance business. In the first half of 2025, items of note included dilution and impairment losses of $2.1 billion related to the associated entity Bank of Communications Co., Ltd. (BoCom), and restructuring costs of $600 million related to the group's simplified organizational structure. Revenue increased by $3.6 billion to $37.7 billion from the first half of 2025, reflecting a growth rate of 11%, which includes a beneficial net impact of $800 million from items of note and a favorable impact of $700 million from currency translation differences. The remaining increase reflects the growth in net interest income from banking operations, as well as strong growth in fees and other income from the international wealth management and premier wealth divisions and the Hong Kong segment's wealth management business, supported by increased client activity. The increase also includes a one-time gain of $200 million from the sale of property assets. On a constant currency basis, excluding items of note, revenue increased by $2 billion to $38.2 billion compared to the first half of 2025. Group CEO Noel Quinn stated: "HSBC is making progress towards its goal of becoming a stronger bank. We are implementing our priority strategies with speed, precision, and disciplined execution, allowing the groups four major businesses to focus on core strengths, drive business growth, enhance collaboration effectiveness, and build deeper relationships with customers. As a result, we have transformed into a bank capable of achieving even more."