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HSBC Holdings (HSBC) Q1 2026 earnings results (first quarter 2026)
6-K filed May 5, 2026
HSBC Holdings (HSBC) reported revenue of $18.62T for the first quarter 2026 (Q1 2026), +6% from a year earlier. Operating margin was 50.3%, net earnings $7.39T (39.7% of revenue).
HSBC Holdings, Q1 2026: revenue $18.62T (+6% year over year), operating margin 50.3%, net earnings $7.39T. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.62T | — | +6% |
| Operating profit | $9.38T | — | -1% |
| Net earnings | $7.39T | — | -2% |
What changed
Revenue was $18.62T in Q1 2026, up 6% year over year.
Operating profit was $9.38T, a 50.3% margin (down 3.4 points year over year). Operating profit fell $108.0B even though revenue rose $0.97T versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 6%. Net earnings were $7.39T, down 2% year over year. The effective tax rate was 21.1%.
Questions
What was HSBC Holdings' revenue in the first quarter 2026?
HSBC Holdings (HSBC) reported revenue of $18.62T for the first quarter 2026 (Q1 2026), +6% from a year earlier.
Was HSBC Holdings profitable in the first quarter 2026?
Operating profit was $9.38T (50.3% of revenue) and net earnings $7.39T.
Source: HSBC Holdings 6-K on SEC EDGAR.