HSBC Forecasts $13.68B Q1 Revenue and $0.31 EPS; 2026 Estimates Rise

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HSBC's Q1 2026 revenue is forecast at $13.68 billion with EPS of $0.31, compared to $12.03 billion revenue and $0.21 EPS in Q4 2025. Analysts raised full-year 2026 revenue estimates from $51.48 billion to $53.25 billion and EPS forecasts from $1.11 to $1.17.

1. Q1 2026 Estimate Overview

HSBC will report Q1 2026 results on May 5, with consensus revenue of $13.68 billion and EPS of $0.31 per share, marking growth from Q4 2025’s $12.03 billion revenue and $0.21 EPS.

2. Full-Year Estimate Trends

Over the past 90 days, full-year 2026 revenue estimates climbed from $51.48 billion to $53.25 billion and EPS forecasts from $1.11 to $1.17; 2027 revenue and EPS projections also rose to $55.12 billion and $1.30 respectively.

3. Past Quarter Performance

In Q4 2025, actual revenue of $12.03 billion missed expectations by 4.3%, while EPS of $0.21 met estimates, triggering a 7.94% share gain in one trading session.

4. Analyst Price Targets and Recommendations

Analysts’ one-year price targets average $13.61 (high $16.34, low $10.90), implying just 0.14% upside, while a valuation model suggests a 41.3% downside to $7.98; the average broker rating stands at 2.5 (Outperform).

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