智通财经网·2025-10-28 04:22Group 1 - The core viewpoint of the article highlights HSBC Holdings' Q3 2025 performance, showing a revenue of $17.788 billion, a 5% year-on-year increase, while net profit attributable to ordinary shareholders decreased by 20.56% to $4.873 billion [1] - For the first nine months of 2025, net operating income was $51.91 billion, down 4.38% year-on-year, with net profit attributable to ordinary shareholders at $16.383 billion, a decrease of 27.89% [1] - The growth in Q3 revenue was supported by increased customer activity, particularly in international wealth management and the wealth management business under the Hong Kong segment, while the corporate and institutional banking segment saw declines in global foreign exchange and debt and equity market activities due to reduced customer activity in a low-volatility environment [1] Group 2 - Operating expenses for Q3 2025 were $10.1 billion, an increase of $1.9 billion or 24% compared to Q3 2024, reflecting legal provisions related to past events, including $1.4 billion for claims associated with the Madoff Securities fraud case [2] - The increase in operating expenses also included $2 billion related to restructuring and other costs associated with simplifying the organizational structure, as well as increased technology spending and inflation impacts [2] - The target benchmark operating expenses were $8.4 billion, which increased by $300 million or 3% compared to Q3 2024 [2]