On April 29, HSBC Holdings Limited (hereinafter referred to as "HSBC Holdings") announced its financial results for the first quarter of 2025. The company's revenue reached $17.649 billion, a year-on-year decrease of 14.95%. The net interest income was $8.302 billion, down 4.06% year-on-year. The profit after tax was $7.57 billion, a year-on-year decline of 30.15%.
On April 29, HSBC Holdings Limited announced its financial results for the first quarter of 2025. The revenue reached $17.649 billion, the net interest income was $8.302 billion, and the profit after tax was $7.57 billion.
The earnings report shows that the decrease in revenue was mainly due to the impact of business divestments, especially in Canada and Argentina. The revenue of the wealth management business under the International Wealth Management and Premier and Hong Kong business segments increased supported by the rise in customer activities. The foreign exchange business and the debt and equity market businesses also recorded revenue growth. On a constant exchange rate basis, excluding notable items, the revenue increased by 7% to $17.7 billion.
The report disclosed that HSBC Holdings plans to launch a share repurchase program of up to $3 billion. It is expected to commence shortly after the conclusion of the annual general meeting of shareholders on May 2, 2025, and be completed before the release of the interim results for 2025.