HSBC Holdings' pre-tax profit in the third quarter of 2026 is approximately US$9.6 billion, a year-on-year increase of 32%

China News Service, Hong Kong, October 27 (Reporter Dai Xiaolu) HSBC Holdings Limited ("HSBC Holdings") released its third quarter results for 2026 on the 27th. The group's pre-tax profit during the period was approximately US$9.6 billion, a year-on-year increase of 32%; total revenue was approximately US$18.6 billion, a year-on-year increase of approximately 5%.

The financial report shows that the group's net interest income during the period was US$9.3 billion, an increase of US$500 million or 6% year-on-year; the net interest margin remained at 1.57%, the same as the same period last year. HSBC Holdings stated that net interest income from banking operations will be no less than US$46 billion in 2026.

Judging from the overall performance in the first nine months, from January to September 2026, HSBC Holdings' pre-tax profit was approximately US$29.2 billion, an increase of approximately US$6 billion or 26% compared with the same period in 2025. HSBC Holdings said that the growth of net interest income, fees and other income from banking business drove the overall revenue upward, and wealth management business and wholesale transaction banking business became the main growth drivers.

HSBC Holdings Chief Financial Officer Kwok Pei-ying said that Hong Kong's commercial real estate loan portfolio has improved significantly. Hong Kong's local economic performance has driven demand for Central office buildings and the vacancy rate has dropped; however, office properties in East Kowloon and other areas are still under pressure, and some retail industries will also take longer to recover.

She said that the development of artificial intelligence (AI) will change bank work processes and some positions may be affected, but it will also bring transformation opportunities to employees. At present, AI is only used as an auxiliary tool for employees and will not replace human power. Human decision-making and judgment are always the core of customer service.