HSBC Q4 Revenue Climbs 42% to $16.4B, EPS Beats Forecast
HSBC Q4 FY2025 revenue rose 42% Y/Y to $16.4 billion led by net interest income, with EPS of $0.37 beating consensus despite a revenue miss. It forecasts at least $45 billion in net interest income for fiscal 2026, a RoTE above 17% and a CET1 ratio of 14%–14.5%.
1. Q4 FY2025 Financial Results
HSBC reported revenue of $16.4 billion in Q4 FY2025, a 42% year-on-year increase driven by net interest income growth, while constant currency revenue rose 6% to $17.7 billion. Banking net interest income reached $11.7 billion (+5.4%), adjusted EPS was $0.37 beating consensus, customer loans totaled $988 billion, deposits were $1.79 trillion, expected credit losses fell to $900 million and the CET1 ratio stood at 14.9%.
2. Fiscal 2026 Targets and Outlook
HSBC forecasts at least $45 billion in net interest income for fiscal 2026, aims for a return on tangible equity above 17% through 2028, and plans a CET1 capital ratio between 14% and 14.5%. The bank expects ECL charges around 40 basis points of average gross loans and projects revenue growth accelerating to 5% by 2028 on a constant currency basis.