Filing Flows › HSBC Holdings (HSBC) › Q2 2025
HSBC Holdings (HSBC) Q2 2025 earnings results (second quarter 2025)
6-K filed Jul 30, 2025
HSBC Holdings (HSBC) reported revenue of $16.5B for the second quarter 2025 (Q2 2025), -0.4% from a year earlier. Operating margin was 39.4%, net earnings $4.9B (29.6% of revenue).
HSBC Holdings, Q2 2025: revenue $16.5B (-0.4% year over year), operating margin 39.4%, net earnings $4.9B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.5B | — | -0.4% |
| Operating profit | $6.5B | — | -19% |
| Net earnings | $4.9B | — | -29% |
What changed
Revenue was $16.5B in Q2 2025, roughly flat year over year.
Operating profit was $6.5B, a 39.4% margin (down 9.3 points year over year). Total costs grew 18% against flat revenue. Net earnings were $4.9B, down 29% year over year. The effective tax rate was 23.0%.
Questions
What was HSBC Holdings' revenue in the second quarter 2025?
HSBC Holdings (HSBC) reported revenue of $16.5B for the second quarter 2025 (Q2 2025), -0.4% from a year earlier.
Was HSBC Holdings profitable in the second quarter 2025?
Operating profit was $6.5B (39.4% of revenue) and net earnings $4.9B.
Source: HSBC Holdings 6-K on SEC EDGAR.