Filing Flows › HSBC Holdings (HSBC) › Q1 2025
HSBC Holdings (HSBC) Q1 2025 earnings results (first quarter 2025)
6-K filed Apr 29, 2025
HSBC Holdings (HSBC) reported revenue of $16.8B for the first quarter 2025 (Q1 2025), +64% from a year earlier. Operating margin was 51.7%, net earnings $7.3B (43.7% of revenue).
HSBC Holdings, Q1 2025: revenue $16.8B (+64% year over year), operating margin 51.7%, net earnings $7.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.8B | — | +64% |
| Operating profit | $8.7B | — | +443% |
| Net earnings | $7.3B | — | 21× |
What changed
Revenue was $16.8B in Q1 2025, up 64% year over year.
Operating profit was $8.7B, a 51.7% margin (up 36.0 points year over year). Of the extra revenue versus a year earlier, 108% reached operating profit, above the 16% margin then. Total costs fell 6% while revenue rose 64%. Net earnings were $7.3B, up 1987% year over year. The effective tax rate was 20.2%.
Questions
What was HSBC Holdings' revenue in the first quarter 2025?
HSBC Holdings (HSBC) reported revenue of $16.8B for the first quarter 2025 (Q1 2025), +64% from a year earlier.
Was HSBC Holdings profitable in the first quarter 2025?
Operating profit was $8.7B (51.7% of revenue) and net earnings $7.3B.
Source: HSBC Holdings 6-K on SEC EDGAR.