Filing Flows › HSBC Holdings (HSBC) › Q2 2026 › vs Q2 2025
HSBC Holdings (HSBC) Q2 2026 vs Q2 2025 (year over year)
HSBC Holdings's revenue rose $2.65T (+16%) from $16.47T in Q2 2025 to $19.12T in Q2 2026. The biggest changes: Revenue excluding notable items +$1.39T (+8%); Notable items +$1.26T (—). Operating margin 49.0% against 39.4% (+9.6 pts).
HSBC Holdings, Q2 2026: revenue $19.12T (+16% year over year), operating margin 49.0%, net earnings $7.93T. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 49.0% | 39.4% | +9.6 pts |
| Net margin | 41.5% | 29.6% | +11.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Banking NII | $11.64T | $10.71T | $929.0B | +9% |
| Wholesale Transaction Banking | $2.98T | $2.78T | $198.0B | +7% |
| Wealth | $2.77T | $2.27T | $492.0B | +22% |
| Other | $1.65T | $1.89T | −$233.0B | -12% |
| Revenue excluding notable items | $19.04T | $17.66T | $1.39T | +8% |
| Notable items | $75.0B | −$1.18T | $1.26T | — |
| Revenue | $19.12T | $16.47T | $2.65T | +16% |
| Other income, net | $785.0B | −$162.0B | $947.0B | — |
| Operating profit | $9.36T | $6.49T | $2.87T | +44% |
| Costs & expenses | $9.76T | $9.98T | −$228.0B | -2% |
| Pre-tax earnings | $10.15T | $6.33T | $3.82T | +60% |
| Net earnings | $7.93T | $4.87T | $3.06T | +63% |
| Income tax | $2.22T | $1.46T | $764.0B | +53% |
Questions
How much did HSBC Holdings's revenue grow year over year in Q2 2026?
HSBC Holdings's revenue rose $2.65T (+16%) from $16.47T in Q2 2025 to $19.12T in Q2 2026.
What drove HSBC Holdings's revenue change in Q2 2026?
Revenue excluding notable items +$1.39T (+8%); Notable items +$1.26T (—).