Filing Flows › HSBC Holdings (HSBC) › Q3 2026 › vs Q2 2026
HSBC Holdings (HSBC) Q3 2026 vs Q2 2026 (quarter over quarter)
HSBC Holdings's revenue fell $19.10T (-100%) from $19.12T in Q2 2026 to $18.6B in Q3 2026. The biggest changes: Banking NII −$11.63T (-100%); Wholesale Transaction Banking −$2.98T (-100%); Wealth −$2.76T (-100%). Operating margin 51.7% against 49.0% (+2.8 pts).
HSBC Holdings, Q3 2026: revenue $18.6B (+5% year over year), operating margin 51.7%, net earnings $7.6B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 51.7% | 49.0% | +2.8 pts |
| Net margin | 40.7% | 41.5% | -0.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Banking NII | $11.7B | $11.64T | −$11.63T | -100% |
| Wholesale Transaction Banking | $2.9B | $2.98T | −$2.98T | -100% |
| Wealth | $2.7B | $2.77T | −$2.76T | -100% |
| Other | $1.5B | $1.65T | −$1.65T | -100% |
| Revenue | $18.6B | $19.12T | −$19.10T | -100% |
| Operating profit | $9.6B | $9.36T | −$9.35T | -100% |
| Costs & expenses | $9.0B | $9.76T | −$9.75T | -100% |
| Pre-tax earnings | $9.6B | $10.15T | −$10.14T | -100% |
| Net earnings | $7.6B | $7.93T | −$7.92T | -100% |
| Income tax | $2.1B | $2.22T | −$2.22T | -100% |
Questions
How much did HSBC Holdings's revenue grow quarter over quarter in Q3 2026?
HSBC Holdings's revenue fell $19.10T (-100%) from $19.12T in Q2 2026 to $18.6B in Q3 2026.
What drove HSBC Holdings's revenue change in Q3 2026?
Banking NII −$11.63T (-100%); Wholesale Transaction Banking −$2.98T (-100%); Wealth −$2.76T (-100%).