HSBC Holdings PLC
HSBCNYSESavings Institution, Federally CharteredFiscal year ends December 31Also trades as HBCYF
Financials through fiscal 2025, year ended Dec 31, 2025Score 1/30
$85.91+0.49 (+0.57%)
Close on Nov 2, 2026Market cap $295.11BP/E 14.3Yield –
HSBC Target Basis Operating Expenses by Year
Target Basis Operating Expenses (Management Cost Discipline KPI)
HSBC Target Basis Operating Expenses: $33,464M in 2025, up 3.0% from a year earlier.
Latest, 2025
33,464.00
Period ended Dec 31, 2025
Change on a year earlier
+3.0%
32,478.00 in 2024
History
4 years
Since 2022
Sources
3
Documents cited below
Where the 2025 figure comes from
“|| Target basis operating expenses ($m) | 33,464 | 32,478 | N/A”
Source: HSBC — SEC 20-F FY2025 ↗
Excludes notable items, FX translation differences, and strategic transaction distortions.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Target Basis Operating Expenses (Management Cost Discipline KPI) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 33,464.00 | +3.0% | HSBC — SEC 20-F FY2025 ↗ |
| 2024 | Dec 31, 2024 | 32,478.00 | +4.5% | HSBC — SEC 20-F FY2025 ↗ |
| 2023 | Dec 31, 2023 | 31,074.00 | +4.2% | HSBC — SEC 20-F FY2024 ↗ |
| 2022 | Dec 31, 2022 | 29,811.00 | – | HSBC SEC 20-F FY2023 ↗ |
Breakdown
What makes up target Basis Operating Expenses
- Reported Consolidated Operating Expenses-36,428.00 · 2025
- Management Full-Year Target Basis Operating Expense Growth Target1.00 · 2025
- Organisational Simplification — Cumulative Annualised Savings Actioned1.20 · 2025
- Organisational Simplification — Annualised Cost Reduction Target (Raised to $2.0B)1.50 · 2025
- Organisational Simplification — Cumulative Restructuring Costs Incurred1.00 · 2025
- Organisational Simplification — P&L Expense Reduction Realised in Period0.60 · 2025
- Management Full-Year ECL Charge Guidance (% of Average Gross Loans)40 · 2025
- Target Basis Dividend Payout Ratio Target50.00 · 2025
- Business Disposals — Assets Held for Sale11,115.00 · 2025
- Business Disposals — Liabilities of Disposal Groups Held for Sale23,382.00 · 2025
Cite this data
StockData. (2026). HSBC Target Basis Operating Expenses, annual 2022–2025 [Data set]. Compiled from HSBC SEC filings and investor materials. https://stockdatahq.com/stocks/hsbc/kpis/cost-target-opex-m
See every metric in the HSBC KPI table. Data updated Nov 1, 2026.