According to the Zhitong Finance App, HSBC Holdings (00005) announced its 2026 interim results. According to the accounting standards, it obtained revenue of US$37.742 billion, an increase of 10.61% over the previous year; profit after tax was US$15.321 billion, an increase of 23.15% over the previous year; and the basic profit per share was 0.85 US dollars.
Profit before tax was US$19.5 billion, an increase of US$3.7 billion over the first half of 2025, or 23%, reflecting mainly the net positive annual impact of items requiring attention of US$2.2 billion. In addition, the increase also reflects an increase in net interest income from the banking business as well as an increase in fees and other income, mainly from wealth management business and wholesale banking business. However, an increase in anticipated credit losses and other credit impairment provisions (anticipated credit losses), combined with planned increases in operating expenses, offset part of the increase. Profit after tax was US$15.3 billion, up US$2.9 billion from the first half of 2025, or 23%.
In the first half of 2026, items to be aware of include a sale loss of US$300 million relating to the planned sale of the Maltese business and confirmed at the time of sale, US$300 million in restructuring costs associated with the Group's simplified organizational structure, and a loss of US$200 million from the return of currency conversion reserves after completing the sale of the UK life insurance business. In the first half of 2025, items to be aware of include dilution and impairment losses of US$2.1 billion relating to the associated company Transport Bank Co., Ltd. (CTB), and restructuring costs of US$600 million associated with the Group's simplified organizational structure.
Revenue increased by US$3.6 billion to US$37.7 billion compared to the first half of 2025, an increase of 11%, including the net annual positive impact of US$800 million of items requiring attention and the positive impact of currency conversion differences of US$700 million. The remaining increase reflects an increase in net interest income from banking business, as well as strong growth in wealth management business expenses and other income under the International Wealth Management and Excellent Wealth Management Division and the Hong Kong Business Division, supported by increased customer activity. The increase also includes a gain of US$200 million from one-time property asset sales. On a fixed exchange rate basis, revenue excluding items requiring attention increased by US$2 billion to US$38.2 billion compared to the first half of 2025.
Group CEO Ai Qiaozhi stated, “HSBC is moving towards the stated goal of becoming a stronger bank. We implement priority strategies with rapid pace, precise execution and strict discipline, so that the Group's four major businesses can focus on their core strengths, drive business growth, enhance collaboration effectiveness, and establish deeper relationships with customers. As far as the impact has been reached, we have transformed into a bank with the power to achieve more.”