HSBC Reports Significant Revenue Decline in Q1 2025

HSBC Holdings plc disclosed a 15% decrease in revenues, totaling $17.6 billion for the first quarter of 2025, compared to the same period last year.

Profit and Shareholder Returns

The bank's profit before tax fell by $3.2 billion to $9.5 billion, with profit after tax also seeing a decline of $3.3 billion to $7.6 billion. Despite these challenges, HSBC announced a share buy-back program of up to $3 billion and an interim dividend of $0.10 per share.

Macroeconomic Challenges

The bank highlighted the macroeconomic environment's heightened uncertainty, attributing the downturn to protectionist trade policies and their impact on economic forecasts, financial markets, and sentiment among consumers and businesses.