Filing Flows › HSBC Holdings (HSBC) › Q3 2025
HSBC Holdings (HSBC) Q3 2025 earnings results (third quarter 2025)
6-K filed Oct 28, 2025
HSBC Holdings (HSBC) reported revenue of $17.8B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +8% from the quarter before. Operating margin was 41.0%, net earnings $5.5B (30.9% of revenue).
HSBC Holdings, Q3 2025: revenue $17.8B (+5% year over year), operating margin 41.0%, net earnings $5.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.8B | +8% | +5% |
| Operating profit | $7.3B | +12% | -14% |
| Net earnings | $5.5B | +13% | -18% |
What changed
Revenue was $17.8B in Q3 2025, up 5% year over year and up 8% from the previous quarter.
Operating profit was $7.3B, a 41.0% margin (down 8.9 points year over year). Operating profit fell $1.2B even though revenue rose $0.79B versus a year earlier, so costs grew faster than sales. Total costs grew 23% against revenue growth of 5%. Net earnings were $5.5B, down 18% year over year. The effective tax rate was 24.6%.
Questions
What was HSBC Holdings' revenue in the third quarter 2025?
HSBC Holdings (HSBC) reported revenue of $17.8B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +8% from the quarter before.
Was HSBC Holdings profitable in the third quarter 2025?
Operating profit was $7.3B (41.0% of revenue) and net earnings $5.5B.
Source: HSBC Holdings 6-K on SEC EDGAR.