1 of 1
Story summary
- HSBC Holdings plc posted 2025 pre-tax profit of $29.91 billion, above analysts’ expectations despite a 7.4% annual profit drop.
- Revenue rose 4% to $68.27 billion.
- Fourth-quarter profit reached $6.8 billion, helped by one-off gains and a 12% rise in net interest income.
- CEO Georges Elhedery, HSBC's chief executive, outlined a pivot to Asia, cost-cutting, including 8% payroll reduction and a move toward performance-based pay.
- Shares fell 0.46% after the announcements.
