HSBC profit after tax down 30% in Q1

The gap was reportedly due to the over $3b it got from sales in Q1 2024.

HSBC reported a profit after tax of $7.57b in Q1 2025, a 30.15% decrease compared to the same period in 2024, its latest financial summary showed.

Profit before tax also decreased by $3.2b to $9.5b over the same period.

In a statement, HSBC said that this was due to the $3.7b it got in Q1 2024 from the disposal of their Canadian and Argentina banking businesses.

Compared to Q4 2024, when HSBC logged a profit after tax of $585m, profit after tax is 1,184% higher.

The London-headquartered bank’s revenue declined 14.95% to $17.65b in Q1, from $20.75b a year earlier.

The reduction reflected the impact of business disposals, notably in Canada and Argentina. Excluding notable items, revenue increased due to growth in its wealth business, according to HSBC.

Basic earnings per share for the quarter is $0.39. The diluted earnings per share is $0.39.

Dividend per ordinary share is $0.10.

As of 31 March 2025, HSBC’s total assets are just over $3.05t. Net loans and advances to customers are $944.7b.

Common equity tier 1 capital ratio is at 14.7%. Total capital ratio is 19.9%, and liquidity coverage ratio is 139%.

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