HSBC Faces Significant Revenue Decline in First Quarter of 2025

HSBC Holdings plc has reported a notable 15% decrease in revenue, dropping to $17.6 billion in the first fiscal quarter of 2025 compared to the same period last year.

Profit and Shareholder Returns Take a Hit

The bank's profit before tax saw a reduction of $3.2 billion, settling at $9.5 billion, with the profit after tax also declining by $3.3 billion to $7.6 billion year-on-year. Despite these challenges, HSBC announced a share buy-back program of up to $3 billion and approved a first interim dividend of $0.10 per share.

Macroeconomic Challenges Ahead

"The macroeconomic environment is facing heightened uncertainty, in particular from protectionist trade policies, creating volatility in both economic forecasts and financial markets and adversely impacting consumer and business sentiment," the bank stated, highlighting the broader economic challenges affecting its performance.