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How HSBC Holdings (HSBC) makes money
HSBC Holdings (HSBC) made $18.7B of revenue in the third quarter 2026 (Q3 2026). Banking NII 1 brought in $11.7B (62%); – Wholesale Transaction Banking brought in $2.9B (15%); – Wealth brought in $2.7B (14%). Of every dollar of revenue, 52¢ was left as operating profit, 41¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Banking NII 1 | $11.7B | 62.4% | — | — |
| – Wholesale Transaction Banking | $2.9B | 15.3% | — | — |
| – Wealth | $2.7B | 14.4% | — | — |
| – Other | $1.5B | 7.9% | — | — |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $18.7B | 100.0% |
| Operating profit | $9.6B | 51.6% |
| Income tax | $2.1B | 11.0% |
| Net earnings | $7.6B | 40.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $18.6B | +5% |
From HSBC Holdings' 6-K filed Oct 27, 2026 (on EDGAR).
Questions
How does HSBC Holdings make money?
HSBC Holdings (HSBC) made $18.7B of revenue in the third quarter 2026 (Q3 2026). Banking NII 1 brought in $11.7B (62%); – Wholesale Transaction Banking brought in $2.9B (15%); – Wealth brought in $2.7B (14%). Of every dollar of revenue, 52¢ was left as operating profit, 41¢ was left as net earnings.
What is HSBC Holdings' biggest business?
Banking NII 1: $11.7B in the third quarter 2026, 62% of revenue.
What is HSBC Holdings' profit margin?
Net earnings were $7.6B, 40.5% of revenue, in the third quarter 2026; the operating margin was 51.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.