# HSBC Reports 32% Profit Rise and Plans $1 Billion Share Buyback

The bank’s October 27 update shows $9.6 billion in reported pretax profit, with a smaller underlying increase.

By Will Langan | 24X7 News
Published: 2026-10-27T06:00:47.914Z
Updated: 2026-10-27T06:00:47.914Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/hsbc-third-quarter-2026-profit-share-buyback

HSBC reported third-quarter pretax profit of $9.6 billion, up 32% from a year earlier, in results released October 27.

The bank said the increase partly reflected the absence of legal provisions recorded in the comparable 2025 quarter. Excluding notable items and currency movements, pretax profit grew 10% and revenue increased 5%.

Profit before tax excluding notable items was $10 billion, against revenue of $18.7 billion on that basis. These adjusted figures differ from the reported results.

HSBC approved a third interim dividend of 10 U.S. cents per share and said it intended to start another buyback of up to $1 billion. That authorization does not mean the purchases are already complete.

Banking net interest income reached $11.7 billion, and customer deposits stood at $1.8 trillion. The common equity tier 1 capital ratio declined 0.2 percentage points from June to 13.9%.

Management maintained its financial targets through 2028. Those remain forecasts, including its expectation for at least $46 billion in banking net interest income this year.

Sources:
HSBC — October 27 results summary: https://www.hsbc.com/investors/results-and-announcements/all-reporting/3q-2026-quick-read

## Sources
- HSBC — October 27 third-quarter results: https://www.hsbc.com/investors/results-and-announcements/all-reporting/3q-2026-quick-read