HSBA / Q3 2026 (FQ3 2026 - Sep 2026; quarter ended 30-Sep-2026)

HSBC Holdings plc

Reported: Oct 27, 2026

Forecast published

Oct 27, 2026 at 10:11 PM PDT

Opus 5.5 High in Shortcut

First published after earnings

Shortcut

0.43

Normalized basic EPS

-1.6% vs Street

Off by $0.013 per share

Street

0.44

Normalized basic EPS

October 25 consensus snapshot

Off by $0.020 per share

Real

0.42

Basic EPS excluding material notable items

Shortcut win

Reported result · Oct 27 ↗ · HSBC reports basic EPS excluding material notable items and related impacts of $0.42, with GAAP basic/diluted EPS $0.41, for the quarter ended September 30,2026.

USD per basic London ordinary share, no ADR or GBP conversion. Comparisons use unrounded estimates.

Model download

Explore the assumptions and calculations behind the forecast.

Open in Shortcut ↗Download XLSX ↓

Shortcut’s reasoning.

Banking NII $12.0bn (+3% Q/Q): HIBOR roughly doubled through 3Q26 (1M ~1.5% end-Jul to ~3% Sep), Fed hiked 25bp on 16-Sep, Q3 has one more day, and FY26 guidance was raised to at least $46bn (implied 3Q floor $11.55bn).

Fee and other income $7.18bn (-3% Q/Q): HK cash turnover -12% Q/Q weighs on wealth distribution; CIB markets/IB normalise from a strong 2Q26 (JPMorgan: activity moderated). Revenue excl. notable items $19.19bn vs consensus $19.09bn.

ECL $1.07bn (~41bp of average loans; FY26 guidance ~45bp), opex $8.80bn (+1% Q/Q incl. ~$0.25bn notable costs), associates $0.70bn, tax rate 21.5%: PBT $10.01bn vs company-compiled $9.70bn.

On the record.

Reporting period: Q3 2026 (FQ3 2026 - Sep 2026; quarter ended 30-Sep-2026)
Reporting basis: Normalized: HSBC basic EPS excluding material notable items and related impacts, USD per London ordinary share (LSE:HSBA), basic weighted-average shares. Not ADR (1 ADS = 5 ordinary), not GBP, not diluted. Rounds to $0.43 vs frozen consensus $0.44.
Consensus snapshot: October 25, 2026
Model / effort: Opus 5.5 · High effort
Workbook: Reviewed workbook

Record history

Forecast generated: Oct 26, 2026 at 1:07 PM PDT
Reviewed revision completed: Oct 26, 2026 at 1:07 PM PDT
Final read-only check completed: Oct 27, 2026 at 5:54 PM PDT
First published: Oct 27, 2026 at 10:11 PM PDT

Result basis

HSBC reports basic EPS excluding material notable items and related impacts of $0.42, with GAAP basic/diluted EPS $0.41, for the quarter ended September 30,2026. The page 43 reconciliation uses $7,132m ordinary-attributable adjusted profit and 17,145m weighted-average basic London ordinary shares. USD per ordinary share, not GBP or five-share ADS, matches the frozen forecast convention.

Publication timing

The forecast file was generated before the issuer released results. The final read-only check and first public availability followed the release. It is included under the subsequently authorized generated-before-results scoring rule. The original source and publication timestamps are preserved.