HSBC pretax profit hits $10.1B, beats estimates

HSBC's second-quarter pre-tax profit surged 60% from a year earlier to $10.1 billion, beating analysts' consensus estimates, the bank reported on August 4, 2026. The result was driven by stronger net interest income, higher fees, and a $2.6 billion net favorable impact from notable items.

Revenue at Europe's largest lender climbed 16% year-on-year, helped by a $1.3 billion one-off gain within those notable items. Net interest income rose 9% to $9.29 billion.

Operating expenses fell 2%, which HSBC attributed to lower restructuring costs. Notable items included $200 million in charges tied to a restructuring.

HSBC maintained its targeted return on tangible equity at 17%. Excluding items, the annualized return on tangible equity for the quarter was 19.1%.

The board approved a second interim dividend of 10 cents per share. HSBC also plans to initiate a share buyback of up to $1 billion, to be completed by the announcement of third-quarter results.