Filing Flows › HSBC Holdings (HSBC) › Q1 2026 › vs Q1 2025
HSBC Holdings (HSBC) Q1 2026 vs Q1 2025 (year over year)
HSBC Holdings's revenue rose $975.0B (+6%) from $17.65T in Q1 2025 to $18.62T in Q1 2026. Operating margin 50.3% against 53.7% (-3.4 pts).
HSBC Holdings, Q1 2026: revenue $18.62T (+6% year over year), operating margin 50.3%, net earnings $7.39T. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 50.3% | 53.7% | -3.4 pts |
| Net margin | 39.7% | 42.9% | -3.2 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $18.62T | $17.65T | $975.0B | +6% |
| Operating profit | $9.38T | $9.48T | −$108.0B | -1% |
| Costs & expenses | $9.25T | $8.16T | $1.08T | +13% |
| Pre-tax earnings | $9.38T | $9.48T | −$108.0B | -1% |
| Net earnings | $7.39T | $7.57T | −$176.0B | -2% |
| Income tax | $1.98T | $1.91T | $68.0B | +4% |
Questions
How much did HSBC Holdings's revenue grow year over year in Q1 2026?
HSBC Holdings's revenue rose $975.0B (+6%) from $17.65T in Q1 2025 to $18.62T in Q1 2026. Operating margin 50.3% against 53.7% (-3.4 pts).