NYSE$HSBC
HSBC-ADR · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
HSBC reported stable revenue with improved pre-tax profit despite notable one-time charges.
HSBC's Q4 2024 results showed revenue of $11.6 billion, a decrease of 8% year-over-year, with EPS at $0.01. Excluding notable items, EPS was $0.29. Net income was $197 million, operating income was $2.3 billion, and pre-tax profit excluding notable items grew by 10% year-over-year. The bank's financials were impacted by a $5.2 billion foreign currency translation loss related to its Argentina business disposal.
- Q4 2024 revenue declined by 8% to $11.6 billion.
- Pre-tax profit excluding notable items rose 10% year-over-year to $7.3 billion.
- Net income for the quarter stood at $197 million.
- HSBC announced a fourth interim dividend of $0.36 per share.
Headline financials
Revenue & EPS history
HSBC · Revenue · Quarterly
$11.6B
Forward guidance
HSBC expects mid-teens return on equity from 2025 to 2027 and aims for a 3% reduction in operating costs in 2025 while targeting stable revenue growth.
Tailwinds
- Targeting mid-teens return on equity from 2025-2027.
- Banking net interest income expected to remain around $42 billion in 2025.
- Cost reductions of approximately $300 million expected in 2025.
- Continued focus on capital returns, including buybacks and dividends.
- Expansion in wealth management and international banking segments.
Headwinds
- Global economic uncertainty may impact revenue growth.
- Cost pressures from inflation and regulatory requirements remain high.
- Potential continued credit impairments in commercial real estate.
- Geopolitical risks affecting operations in key markets.
- Ongoing restructuring costs from strategic business exits.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+41.2%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+0.1%
Avg return
30 days after
50%
19 / 38 earnings
Positive
+1558.1%
Q1 2023
Best reaction
-6.6%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +7.1% | — | — | |
| Q3 2025 | +4.3% | +4.3% | +5.0% | |
| Q2 2025 | -5.5% | -5.0% | -0.9% | |
| Q1 2025 | -0.2% | +0.3% | +5.1% | |
| Q4 2024 | -0.3% | -2.1% | +1.7% | |
| Q3 2024 | +2.0% | +2.2% | +3.3% | |
| Q1 2024 | +4.4% | +5.4% | +5.0% | |
| Q3 2023 | -1.4% | +2.0% | +3.6% | |
| Q2 2023 | -1.5% | -2.4% | -10.7% | |
| Q1 2023 | +1558.1% | +6.6% | +4.4% | |
| Q4 2022 | +2.5% | +1.8% | -10.3% | |
| Q3 2022 | -6.6% | -3.7% | +9.4% | |
| Q2 2022 | +4.0% | +4.5% | -1.8% | |
| Q1 2022 | -3.1% | -4.2% | +1.9% | |
| Q4 2021 | +0.2% | -1.5% | -7.4% | |
| Q3 2021 | +2.8% | +0.2% | -1.4% | |
| Q2 2021 | +0.2% | +3.0% | -3.3% | |
| Q1 2021 | +4.9% | +6.4% | +9.0% | |
| Q4 2020 | +1.0% | +0.5% | -2.7% | |
| Q3 2020 | -0.1% | +1.2% | +29.0% | |
| Q2 2020 | -1.6% | -5.8% | -5.4% | |
| Q1 2020 | +2.9% | -2.1% | -8.6% | |
| Q4 2019 | -5.6% | -3.9% | -24.6% | |
| Q3 2019 | -4.8% | -3.7% | -4.8% | |
| Q2 2019 | -2.8% | -4.0% | -6.7% | |
| Q1 2019 | -0.8% | -1.4% | -6.2% | |
| Q4 2018 | -3.1% | -4.9% | -4.0% | |
| Q3 2018 | +5.3% | +8.5% | +11.9% | |
| Q2 2018 | +0.0% | -1.7% | -7.2% | |
| Q1 2018 | -1.5% | -0.6% | -2.1% | |
| Q4 2017 | -1.7% | -4.8% | -10.8% | |
| Q2 2017 | +2.9% | -1.7% | +1.2% | |
| Q3 2017 | -1.9% | -1.7% | +1.2% | |
| Q4 2016 | -4.6% | +1.5% | +2.3% | |
| Q1 2017 | +2.1% | +3.1% | +5.2% | |
| Q3 2016 | +4.2% | +5.9% | +16.0% | |
| Q2 2016 | +7.1% | +4.3% | +7.0% | |
| Q1 2016 | -3.5% | — | — | |
| Q3 2015 | — | — | — | |
| Q4 2015 | — | — | — |
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