HSBC Holdings Q4 2023 Earnings Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2026
0mins
Should l Buy HSBC?
Source: seekingalpha
- Financial Overview: HSBC Holdings reported a Q4 Non-GAAP EPS of $0.37 with revenues of $16.36 billion, reflecting a 38.9% year-over-year increase, although pre-tax profit decreased by $2.4 billion to $29.9 billion due to adverse notable items, indicating strong revenue momentum despite external pressures.
- Profit After Tax Changes: The profit after tax fell by $1.9 billion to $23.1 billion; however, reported profit after tax increased by $4.6 billion to $5.2 billion, demonstrating the company's ability to maintain profitability in core operations despite challenges.
- Dividend Policy Update: The Board approved a fourth interim dividend of $0.45 per share, resulting in a total of $0.75 per share for 2025, payable on April 30, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Future Outlook: HSBC targets a return on tangible equity of 17% or better from 2026 to 2028, with expected banking net interest income of at least $45 billion in 2026, showcasing positive progress in strategic execution and revenue growth expectations.
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Analyst Views on HSBC
About HSBC
HSBC Holdings plc (HSBC) is a banking and financial services company. Its business segments include Hong Kong, UK, Corporate and Institutional Banking (CIB), and International Wealth and Premier Banking (IWPB). Its Hong Kong business comprises retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. Its UK business comprises UK retail banking and wealth (including first direct and M&S Bank) and UK commercial banking, including HSBC Innovation Bank. The CIB segment is formed from the integration of its commercial banking business (outside the UK and Hong Kong) with its global banking and markets business. The IWPB segment comprises premier banking outside of Hong Kong and the UK, its global private bank, and its asset management, insurance and investment distribution businesses. Its customers worldwide through a network covering 58 countries and territories. Its customers range from individual savers and investors to companies, governments and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Revenue Performance: The manufacturing operations recorded approximately $2.3 billion in revenue last year, highlighting its significance in the market and the attractiveness for potential buyers.
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