Zhi Tong Cai Jing·2025-10-28 04:31Core Insights - HSBC Holdings reported a Q3 2025 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 increase in Q3 revenue was attributed to higher customer activity, particularly in international wealth management and the wealth management business in Hong Kong, while corporate and institutional banking segments saw declines due to reduced customer activity in a low-volatility market [1] Financial Performance - 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 totaling $1.4 billion [2] - The legal provisions included $1.1 billion related to claims from the Luxembourg case and $300 million associated with past transactions of HSBC Holdings [2] - Benchmark operating expenses were $8.4 billion, up $300 million or 3% from Q3 2024, with increases in technology investments and inflation impacts [2]