HSBC Holdings PLC

HSBA: XLON (GBR)

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HSBC Earnings: Higher Credit Costs, but Revenue Growth Still Healthy; Shares Fairly Valued

Kathy Chan

May 5, 2026

HSBC's first-quarter return on tangible equity excluding notable items increased 0.3 percentage points year on year to 18.7%. Core profit before tax was flat year on year at USD 10.1 billion, as higher revenue was offset by increased credit costs.

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HSBC Holdings PLC

HSBC Earnings: Higher Credit Costs, but Revenue Growth Still Healthy; Shares Fairly Valued

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