Filing Flows › HSBC Holdings (HSBC) › Q3 2024
HSBC Holdings (HSBC) Q3 2024 earnings results (third quarter 2024)
6-K filed Oct 29, 2024
HSBC Holdings (HSBC) reported revenue of $17.0B for the third quarter 2024 (Q3 2024), +5% from a year earlier. Operating margin was 49.9%, net earnings $6.7B (39.7% of revenue).
HSBC Holdings, Q3 2024: revenue $17.0B (+5% year over year), operating margin 49.9%, net earnings $6.7B. The chart follows the revenue to costs, profit and cash.
| Q3 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.0B | — | +5% |
| Operating profit | $8.5B | — | +10% |
| Net earnings | $6.7B | — | +8% |
What changed
Revenue was $17.0B in Q3 2024, up 5% year over year.
Operating profit was $8.5B, a 49.9% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 91% reached operating profit, above the 48% margin then. Total costs grew 1% against revenue growth of 5%. Net earnings were $6.7B, up 8% year over year. The effective tax rate was 20.4%.
Questions
What was HSBC Holdings' revenue in the third quarter 2024?
HSBC Holdings (HSBC) reported revenue of $17.0B for the third quarter 2024 (Q3 2024), +5% from a year earlier.
Was HSBC Holdings profitable in the third quarter 2024?
Operating profit was $8.5B (49.9% of revenue) and net earnings $6.7B.
Source: HSBC Holdings 6-K on SEC EDGAR.