HSBC Holdings (NYSE:HSBC) on Wednesday reported net income attributable to shareholders of $4.72 billion for its fourth quarter ended December 31, 2025.
The London-based bank said it had earnings of $1.40 per share.
When adjusted for non-recurring costs and other items, earnings came to $1.85 per share.
Revenue for the period totaled $31.67 billion, while net revenue — revenue net of interest expense — stood at $16.36 billion, which fell short of Street forecasts.
For the full year 2025, HSBC reported profit attributable to shareholders of $21.1 billion, or $6.05 per share, down from the prior year's level.
Revenue for the year was $68.27 billion.
The results reflect a mix of factors, including growth in wealth and certain Asia-focused businesses offset by higher operating expenses, restructuring costs, and a net adverse impact from notable items across the year.
Profit before tax for 2025 declined to $29.91 billion from $32.31 billion in 2024, though underlying performance excluding notable items showed improvement in some metrics.