# HSBC Holdings plc: events since the H1 2026 interim results

HSBC reports in US dollars, so amounts stated in dollars are as filed. Amounts issued in other currencies are converted to US dollars at the closing rate on the issue date and say so where they appear. Events run from the interim results (4 August 2026) through 6 October 2026. HSBC files Form 6-K rather than 8-K, almost daily; routine share-purchase notices, voting-rights updates and block-listing notifications are summarised in aggregate rather than listed.

## Filings that contain financial statements

- **Form 6-K, accession 0001089113-26-000025, filed 4 August 2026.** The Interim Report 2026 for the six months ended 30 June 2026. It holds the full interim condensed consolidated financial statements: the consolidated income statement, statement of comprehensive income, balance sheet, statement of changes in equity and cash flow statement, with notes (including held-for-sale disposal groups, events after the balance sheet date and capital structure), plus the summary financial tables and the risk and capital sections. This is the primary source for first-half and second-quarter figures.
- **Form 6-K, accession 0001654954-26-007212, filed 4 August 2026.** The "2026 Interim results" press release for the same period. It holds a key financial metrics table, the condensed consolidated income statement, consolidated balance sheet, consolidated statement of changes in equity and consolidated statement of cash flows (the same condensed statements as the Interim Report above), plus the highlights, capital ratios and outlook.

No other 6-K filed in the window carries financial statements. The remainder are debt, capital-return, governance and administrative notices.

## Interim results and outlook (4 August 2026; accessions 0001654954-26-007212 and 0001089113-26-000025)

- First half 2026 profit before tax was $19.5 billion (first half 2025: $15.8 billion, up 23%). Profit after tax was $15.3 billion. Revenue was $37.7 billion, up 11%. Net interest margin was 1.61%. Annualised return on average tangible equity was 18.2%.
- Second quarter 2026 profit before tax was $10.1 billion, up 60% on the second quarter of 2025. That prior-year quarter included $2.1 billion of dilution and impairment losses on the Bank of Communications associate.
- Expected credit losses were $2.4 billion in the half, $0.4 billion higher than a year earlier. They included a $0.4 billion fraud-related secondary securitisation exposure with a financial sponsor in the UK and $0.2 billion on Hong Kong commercial real estate.
- The common equity tier 1 ratio was 14.1%, down from 14.9% at 31 December 2025. The release attributes the fall to the Hang Seng Bank privatisation, dividends and higher risk-weighted assets.
- The Hang Seng Bank privatisation completed on 26 January 2026, before the events window. The statements record a $13.7 billion equity impact, comprising $7.0 billion of derecognised non-controlling interests and a $6.7 billion reduction in shareholders' equity.
- Guidance raised: banking net interest income is now expected to be at least $46 billion for 2026, against "around $46 billion" previously. Unchanged: return on average tangible equity excluding notable items of 17% or better for 2026 to 2028; an expected credit loss charge of about 45 basis points of average gross customer loans for 2026; target-basis operating expense growth of about 1% for 2026; a 50% dividend payout ratio target; and management of the CET1 ratio within a 14% to 14.5% medium-term range.
- A second interim dividend of $0.10 per ordinary share was approved, and a share buy-back of up to $1 billion was announced.

## Portfolio simplification: disposals (all from the interim report notes, accession 0001089113-26-000025, unless stated)

Closed:
- **UK life insurance (HSBC Life (UK) Limited):** sale to Chesnara plc completed 30 January 2026; $0.2 billion loss on recycling of currency reserves.
- **South Africa:** transfer of the business to FirstRand Bank completed 27 February 2026.
- **Sri Lanka retail banking:** sale to Nations Trust Bank completed 30 April 2026; immaterial gain.
- **HSBC Bank (Uruguay):** sale to a BTG Pactual subsidiary completed 10 July 2026 (after the period end); immaterial reserve recycling.

Signed, not yet closed (all subject to regulatory approval):
- **HSBC Life (Singapore):** agreement of 24 July 2026 to sell to Allianz Asia Holdings. Estimated pre-tax gain of $1.8 billion at completion, expected in the first half of 2027. Classified as held for sale at 30 June 2026 ($10.7 billion of assets).
- **Australia home and personal loan portfolio:** agreement of 31 July 2026 to sell to a Blackstone-affiliated buyer. The portfolio is $25.3 billion of assets, completion is expected in the first half of 2027, and the loss is described as immaterial. The remaining Australian retail business is to be wound down over about 18 months, with about $0.3 billion of restructuring costs and write-offs.
- **Egypt retail banking:** binding agreement of 2 August 2026 to sell to Emirates NBD Egypt. Estimated pre-tax gain of $0.3 billion, completion expected in the second half of 2027.
- **Indonesia retail banking:** binding agreement of 4 May 2026 to sell to PT Bank OCBC NISP. Gain of up to $0.4 billion, completion expected in the first half of 2027.
- **HSBC Bank Malta (70.03% stake):** sale and purchase agreement with CrediaBank signed 22 December 2025. A $0.3 billion loss was recognised on held-for-sale classification, and completion is expected in the first half of 2027.

## Capital returns

- **Share buy-back (5 August 2026, accession 0001654954-26-007277).** HSBC announced a buy-back of up to $1 billion, with BNP Paribas buying as principal between 6 August and no later than 23 October 2026. Shares are cancelled.
- **Buy-back concluded (28 September 2026, accession 0001654954-26-008602).** HSBC reported the programme complete after about 48.7 million shares were repurchased for approximately $998 million. 31,735,502 shares were bought on UK venues, and 16,921,600 on the Hong Kong exchange. Issued share capital stood at 17,141,942,291 shares after the UK cancellations.
- **Share count (6 October 2026, accession 0001654954-26-008816).** After cancelling 6,918,800 Hong Kong-repurchased shares, HSBC has 17,135,023,491 ordinary shares in issue and none in treasury. The programme was reported through 37 daily "Transaction in own shares" notices from 6 August to 25 September 2026, the 28 September conclusion notice and one amendment (6-K/A, accession 0001654954-26-008165, 8 September).
- **Second interim dividend for 2026 (14 September 2026, accession 0001654954-26-008329).** $0.10 per ordinary share, payable 25 September 2026 to holders of record on 14 August 2026, equal to $0.50 per American Depositary Share (each representing five ordinary shares).

## Debt issuance, tender offers and redemptions

- **Tender offers for four series of 2028 senior notes (5 to 13 August 2026; accessions 0001654954-26-007272, -007327, -007535, -007552).** HSBC launched cash offers with a $5.0 billion cap on 5 August to manage its debt portfolio, then raised the cap to $6.75 billion on 6 August. Results on 13 August: $4.90 billion of aggregate consideration paid for notes tendered and accepted, with the May 2028 notes prorated at 66.97% against a $1.0 billion sub-cap. Settlement was 17 August 2026, and the notes accepted are cancelled and retired. The offers were financed from the new dollar issuance below.
- **US dollar senior notes (priced 5 August; issued 14 August 2026; accessions 0001654954-26-007627 and 0001193125-26-351411).** $2.5 billion 5.243% fixed/floating notes due 2032, $3.25 billion 5.729% fixed/floating notes due 2037 and $1.0 billion floating rate notes due 2032, under the Form F-3 shelf registration, with a New York Stock Exchange listing to be sought.
- **Other senior issuance.** All of the following are HSBC Holdings plc senior unsecured notes:
  - 17 August 2026: S$450 million (about $352.44 million at the closing rate) 2.950% resettable notes due 2032 (0001654954-26-007688).
  - 28 August 2026: CNY 2.5 billion (about $371.69 million) 1.950% notes due 2030 and CNY 1.5 billion (about $223.02 million) 2.300% notes due 2034 (0001654954-26-007932).
  - 11 September 2026: ¥21.6 billion (about $140.52 million), ¥25.7 billion (about $167.20 million) and ¥7.0 billion (about $45.54 million) callable bonds due 2030, 2032 and 2037 (0001654954-26-008266).
  - 11 September 2026: £750 million (about $1.01 billion) 6.061% fixed/floating notes due 2035, under a registered SEC offering (0001654954-26-008283; exhibits in 0001628280-26-061495).
  - 22 September 2026: €1.0 billion (about $1.14 billion) floating notes due 2030, €1.25 billion (about $1.43 billion) 4.431% notes due 2032 and €1.5 billion (about $1.71 billion) 4.777% notes due 2037 (0001654954-26-008508).
- **Redemption notices.**
  - 28 September 2026 (0001654954-26-008596): the $2.5 billion 2.251% fixed/floating senior notes due 2027 are to be redeemed in full at par, with the redemption date of 22 November 2026 and payment on 23 November 2026.
  - 9 September 2026 (0001654954-26-008193): the CHF 300 million (about $370.28 million) 0.32% notes due 2027 are to be redeemed on 3 November 2026.

## Management and board

- **Group CFO succession (10 September 2026, accession 0001654954-26-008240).** Group CFO Pam Kaur told the Board she plans to leave the role in 2027 and will not stand for re-election as a director at the 2027 AGM. Her retirement date will be set later and will be no later than the 2027 AGM. She is then to take an advisory role supporting the Group CEO. The Board has begun a search that will consider internal and external candidates.
- **Board changes (25 September 2026, accession 0001654954-26-008568).** Alison Platt is appointed an independent non-executive director from 1 October 2026, subject to election at the 2027 AGM. She will succeed Dame Carolyn Fairbairn as chair of the Group Remuneration Committee on 24 February 2027, subject to regulatory approval. Dame Carolyn has been appointed chair of HSBC UK Bank plc.

## Other disclosures

- Employee share awards: conditional awards over 286,184 shares granted 19 August 2026 (0001654954-26-007766) and savings-related options over 7,867,865 shares granted 23 September 2026 (0001654954-26-008544). Managers' dividend-reinvestment share acquisitions were notified on 28 September 2026 (0001654954-26-008600).
- Legal: the interim report notes settlements in principle in several matters (Israel and UK foreign exchange claims, Canada precious metals, US gilts, Mexican government bonds), each described as not significant and fully provisioned. A formal examination of HSBC Private Bank (Suisse) SA in the French money-laundering investigation began in May 2026.

## Not reflected in the filings

No acquisition or business combination was announced in this window; the disposal activity above is the portfolio change reported. No change to the dividend payout policy was filed beyond the $0.10 second interim dividend.