Filing Flows › HSBC Holdings (HSBC) › Operating margin
HSBC Holdings (HSBC) operating margin by quarter
HSBC Holdings' operating margin was 51.7% in Q3 2026 (third quarter 2026), +2.8 pts from Q2 2026. Over the last 5 quarters it ranged from 39.4% (Q2 2025) to 51.7% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 51.7% | +2.8 pts | +10.7 pts |
| Q2 2026 | 49.0% | -0.7 pts | +9.6 pts |
| Q1 2026 | 49.7% | +8.6 pts | — |
| Q3 2025 | 41.0% | +1.6 pts | — |
| Q2 2025 | 39.4% | — | — |
Q3 2026 at a glance
HSBC Holdings, Q3 2026: revenue $18.6B (+5% year over year), operating margin 51.7%, net earnings $7.6B. The chart follows the revenue to costs, profit and cash.
Questions
What is HSBC Holdings' operating margin?
HSBC Holdings' operating margin was 51.7% in Q3 2026 (third quarter 2026), +2.8 pts from Q2 2026.
How has HSBC Holdings' operating margin changed?
Over the last 5 quarters it ranged from 39.4% (Q2 2025) to 51.7% (Q3 2026).