Hong Kong, 5 May 2026 – HSBC Holdings reported a broadly flat first-quarter performance that missed market expectations, as higher credit impairment charges, rising operating expenses and one-off disposal-related items offset stronger revenue from wealth management and banking net interest income.
The Asia-focused banking group posted reported profit before tax of US$9.4 billion for the first quarter of 2026, down by US$0.1 billion from a year earlier. Profit after tax fell by US$0.2 billion to US$7.4 billion, reflecting a more challenging operating environment despite continued revenue growth.
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