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Segmental analysis - Constant currency profit before tax and balance sheet data (Details)
9 Months Ended 12 Months Ended
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
global_function
Dec. 31, 2022
USD ($)
Sep. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Report Of The Directors Strategic Report [Abstract]            
Number of global businesses | global_function   3        
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge [1],[2]   $ 66,058,000,000 $ 50,620,000,000   $ 49,552,000,000  
– of which: net interest income/(expense) [1]   35,796,000,000 30,377,000,000   26,489,000,000  
Change in expected credit losses and other credit impairment charges [1]   (3,447,000,000) (3,584,000,000)   928,000,000  
Net operating income [1]   62,611,000,000 47,036,000,000   50,480,000,000  
Total operating expenses [1]   (32,070,000,000) (32,701,000,000)   (34,620,000,000)  
Operating profit [1]   30,541,000,000 14,335,000,000   15,860,000,000  
Share of profit/(loss) in associates and joint ventures less impairment   (193,000,000) 2,723,000,000      
Profit before tax [1]   30,348,000,000 17,058,000,000 [3]   18,906,000,000  
Loans and advances to customers (net) [4]   938,535,000,000 923,561,000,000   1,044,534,000,000  
Interests in associates and joint ventures [4]   27,344,000,000 29,254,000,000   29,609,000,000  
Total external assets [4]   3,038,677,000,000 2,949,286,000,000   2,953,792,000,000  
Customer accounts [4]   1,611,647,000,000 1,570,303,000,000   1,710,574,000,000  
Insurance finance expense [1]   (7,809,000,000) 13,799,000,000   0  
Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge     51,727,000,000   49,552,000,000  
– of which: net interest income/(expense)     32,610,000,000      
Change in expected credit losses and other credit impairment charges     (3,592,000,000)   928,000,000  
Net operating income     48,135,000,000      
Total operating expenses     (33,330,000,000)   (34,620,000,000)  
Operating profit     14,805,000,000      
Share of profit/(loss) in associates and joint ventures less impairment         3,046,000,000  
Profit before tax     17,528,000,000   18,906,000,000  
Loans and advances to customers (net)     924,854,000,000   1,045,814,000,000  
Interests in associates and joint ventures     29,254,000,000   29,609,000,000  
Total external assets     2,966,530,000,000   2,957,939,000,000  
Customer accounts     1,570,303,000,000   1,710,574,000,000  
Insurance finance expense     0      
Bank of Communications Co., Limited            
Disclosure of operating segments [line items]            
– of which: net interest income/(expense)       $ 17,519,000,000   $ 19,004,000,000
Change in expected credit losses and other credit impairment charges       $ (6,836,000,000)   $ (7,641,000,000)
Loans and advances to customers (net)   1,087,613,000,000 1,035,151,000,000      
Total external assets   1,948,041,000,000 1,884,947,000,000      
Customer accounts   1,216,611,000,000 1,153,184,000,000      
Impairment loss recognised in profit or loss $ 3,000,000,000 3,000,000,000 0      
Operating segments excluding intersegment elimination            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   66,058,000,000 49,871,000,000      
– of which: net interest income/(expense)   35,796,000,000 29,762,000,000      
Operating segments excluding intersegment elimination | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         46,079,000,000  
– of which: net interest income/(expense)         24,617,000,000  
Operating segments excluding intersegment elimination | Wealth and Personal Banking            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   19,107,000,000 18,299,000,000      
– of which: net interest income/(expense)   20,492,000,000 15,971,000,000      
Operating segments excluding intersegment elimination | Wealth and Personal Banking | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         20,787,000,000  
– of which: net interest income/(expense)         13,445,000,000  
Operating segments excluding intersegment elimination | Commercial Banking            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   24,209,000,000 16,973,000,000      
– of which: net interest income/(expense)   17,147,000,000 11,763,000,000      
Operating segments excluding intersegment elimination | Commercial Banking | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         12,685,000,000  
– of which: net interest income/(expense)         8,467,000,000  
Operating segments excluding intersegment elimination | Global Banking and Markets            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   28,021,000,000 18,744,000,000      
– of which: net interest income/(expense)   7,141,000,000 4,696,000,000      
Operating segments excluding intersegment elimination | Global Banking and Markets | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         14,533,000,000  
– of which: net interest income/(expense)         3,419,000,000  
Operating segments excluding intersegment elimination | Corporate Centre            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   (5,279,000,000) (4,145,000,000)      
– of which: net interest income/(expense)   (8,984,000,000) (2,668,000,000)      
Insurance finance expense   8,700,000,000 2,500,000,000      
Operating segments excluding intersegment elimination | Corporate Centre | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         (1,926,000,000)  
– of which: net interest income/(expense)         (714,000,000)  
Inter-segment            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   0 0      
Inter-segment | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         0  
Inter-segment | Wealth and Personal Banking            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   8,168,000,000 2,585,000,000      
Inter-segment | Wealth and Personal Banking | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         185,000,000  
Inter-segment | Commercial Banking            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   (1,342,000,000) (690,000,000)      
Inter-segment | Commercial Banking | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         14,000,000  
Inter-segment | Global Banking and Markets            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   (11,906,000,000) (4,142,000,000)      
Inter-segment | Global Banking and Markets | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         (1,447,000,000)  
Inter-segment | Corporate Centre            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   5,080,000,000 2,247,000,000      
Inter-segment | Corporate Centre | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         1,248,000,000  
Constant currency            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   66,058,000,000 49,871,000,000      
Change in expected credit losses and other credit impairment charges   (3,447,000,000) (3,630,000,000)      
Net operating income   62,611,000,000 46,241,000,000      
Total operating expenses   (32,070,000,000) (32,302,000,000)      
Operating profit   30,541,000,000 13,939,000,000      
Share of profit/(loss) in associates and joint ventures less impairment   (193,000,000) 2,602,000,000      
Profit before tax   $ 30,348,000,000 $ 16,541,000,000      
Share of HSBC’s constant currency profit before tax   100.00% 100.00%      
Constant currency cost efficiency ratio   0.485 0.648      
Loans and advances to customers (net)   $ 938,535,000,000 $ 941,548,000,000      
Interests in associates and joint ventures   27,344,000,000 28,783,000,000      
Total external assets   3,038,677,000,000 3,007,684,000,000      
Customer accounts   1,611,647,000,000 1,598,495,000,000      
Constant currency | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         46,079,000,000  
Change in expected credit losses and other credit impairment charges         758,000,000  
Net operating income         46,837,000,000  
Total operating expenses         (32,244,000,000)  
Operating profit         14,593,000,000  
Share of profit/(loss) in associates and joint ventures less impairment         2,807,000,000  
Profit before tax         $ 17,400,000,000  
Share of HSBC’s constant currency profit before tax         100.00%  
Constant currency cost efficiency ratio         0.700  
Loans and advances to customers (net)         $ 1,010,812,000,000  
Interests in associates and joint ventures         27,661,000,000  
Total external assets         2,860,703,000,000  
Customer accounts         1,653,187,000,000  
Constant currency | Wealth and Personal Banking            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   27,275,000,000 20,884,000,000      
Change in expected credit losses and other credit impairment charges   (1,058,000,000) (1,186,000,000)      
Net operating income   26,217,000,000 19,698,000,000      
Total operating expenses   (14,738,000,000) (14,248,000,000)      
Operating profit   11,479,000,000 5,450,000,000      
Share of profit/(loss) in associates and joint ventures less impairment   65,000,000 30,000,000      
Profit before tax   $ 11,544,000,000 $ 5,480,000,000      
Share of HSBC’s constant currency profit before tax   38.00% 33.10%      
Constant currency cost efficiency ratio   0.540 0.682      
Loans and advances to customers (net)   $ 454,878,000,000 $ 434,122,000,000      
Interests in associates and joint ventures   551,000,000 514,000,000      
Total external assets   937,079,000,000 893,867,000,000      
Customer accounts   804,863,000,000 793,310,000,000      
Constant currency | Wealth and Personal Banking | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         20,972,000,000  
Change in expected credit losses and other credit impairment charges         195,000,000  
Net operating income         21,167,000,000  
Total operating expenses         (15,338,000,000)  
Operating profit         5,829,000,000  
Share of profit/(loss) in associates and joint ventures less impairment         36,000,000  
Profit before tax         $ 5,865,000,000  
Share of HSBC’s constant currency profit before tax         33.70%  
Constant currency cost efficiency ratio         0.731  
Loans and advances to customers (net)         $ 473,304,000,000  
Interests in associates and joint ventures         493,000,000  
Total external assets         905,024,000,000  
Customer accounts         834,767,000,000  
Constant currency | Commercial Banking            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   22,867,000,000 16,283,000,000      
Change in expected credit losses and other credit impairment charges   (2,062,000,000) (1,862,000,000)      
Net operating income   20,805,000,000 14,421,000,000      
Total operating expenses   (7,524,000,000) (6,894,000,000)      
Operating profit   13,281,000,000 7,527,000,000      
Share of profit/(loss) in associates and joint ventures less impairment   (1,000,000) 0      
Profit before tax   $ 13,280,000,000 $ 7,527,000,000      
Share of HSBC’s constant currency profit before tax   43.80% 45.60%      
Constant currency cost efficiency ratio   0.329 0.423      
Loans and advances to customers (net)   $ 309,422,000,000 $ 316,863,000,000      
Interests in associates and joint ventures   28,000,000 33,000,000      
Total external assets   632,406,000,000 620,193,000,000      
Customer accounts   475,666,000,000 472,424,000,000      
Constant currency | Commercial Banking | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         12,699,000,000  
Change in expected credit losses and other credit impairment charges         339,000,000  
Net operating income         13,038,000,000  
Total operating expenses         (6,691,000,000)  
Operating profit         6,347,000,000  
Share of profit/(loss) in associates and joint ventures less impairment         1,000,000  
Profit before tax         $ 6,348,000,000  
Share of HSBC’s constant currency profit before tax         36.50%  
Constant currency cost efficiency ratio         0.527  
Loans and advances to customers (net)         $ 340,603,000,000  
Interests in associates and joint ventures         31,000,000  
Total external assets         605,696,000,000  
Customer accounts         495,492,000,000  
Constant currency | Global Banking and Markets            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   16,115,000,000 14,602,000,000      
Change in expected credit losses and other credit impairment charges   (326,000,000) (573,000,000)      
Net operating income   15,789,000,000 14,029,000,000      
Total operating expenses   (9,865,000,000) (9,338,000,000)      
Operating profit   5,924,000,000 4,691,000,000      
Share of profit/(loss) in associates and joint ventures less impairment   0 (2,000,000)      
Profit before tax   $ 5,924,000,000 $ 4,689,000,000      
Share of HSBC’s constant currency profit before tax   19.50% 28.30%      
Constant currency cost efficiency ratio   0.612 0.640      
Loans and advances to customers (net)   $ 173,966,000,000 $ 190,202,000,000      
Interests in associates and joint ventures   111,000,000 93,000,000      
Total external assets   1,331,395,000,000 1,341,575,000,000      
Customer accounts   330,522,000,000 332,303,000,000      
Constant currency | Global Banking and Markets | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         13,086,000,000  
Change in expected credit losses and other credit impairment charges         221,000,000  
Net operating income         13,307,000,000  
Total operating expenses         (9,255,000,000)  
Operating profit         4,052,000,000  
Share of profit/(loss) in associates and joint ventures less impairment         0  
Profit before tax         $ 4,052,000,000  
Share of HSBC’s constant currency profit before tax         23.30%  
Constant currency cost efficiency ratio         0.707  
Loans and advances to customers (net)         $ 196,193,000,000  
Interests in associates and joint ventures         101,000,000  
Total external assets         1,171,909,000,000  
Customer accounts         322,306,000,000  
Constant currency | Corporate Centre            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge   (199,000,000) (1,898,000,000)      
Change in expected credit losses and other credit impairment charges   (1,000,000) (9,000,000)      
Net operating income   (200,000,000) (1,907,000,000)      
Total operating expenses   57,000,000 (1,822,000,000)      
Operating profit   (143,000,000) (3,729,000,000)      
Share of profit/(loss) in associates and joint ventures less impairment   (257,000,000) 2,574,000,000      
Profit before tax   $ (400,000,000) $ (1,155,000,000)      
Share of HSBC’s constant currency profit before tax   (1.30%) (7.00%)      
Constant currency cost efficiency ratio   0.286 (0.960)      
Loans and advances to customers (net)   $ 269,000,000 $ 361,000,000      
Interests in associates and joint ventures   26,654,000,000 28,143,000,000      
Total external assets   137,797,000,000 152,049,000,000      
Customer accounts   $ 596,000,000 $ 458,000,000      
Constant currency | Corporate Centre | Previously stated            
Disclosure of operating segments [line items]            
Net operating income/(expense) before change in expected credit losses and other credit impairment charge         (678,000,000)  
Change in expected credit losses and other credit impairment charges         3,000,000  
Net operating income         (675,000,000)  
Total operating expenses         (960,000,000)  
Operating profit         (1,635,000,000)  
Share of profit/(loss) in associates and joint ventures less impairment         2,770,000,000  
Profit before tax         $ 1,135,000,000  
Share of HSBC’s constant currency profit before tax         6.50%  
Constant currency cost efficiency ratio         (1.416)  
Loans and advances to customers (net)         $ 712,000,000  
Interests in associates and joint ventures         27,036,000,000  
Total external assets         178,074,000,000  
Customer accounts         $ 622,000,000  
[1] From 1 January 2023, we adopted IFRS 17 ‘Insurance Contracts’, which replaced IFRS 4 ‘Insurance Contracts’. Comparative data for the financial year
ended 31 December 2022 have been restated accordingly. Comparative data for the year ended 31 December 2021 are prepared on an IFRS 4 basis.
[2] Net operating income before change in expected credit losses and other credit impairment charges also referred to as revenue.
[3] From 1 January 2023, we adopted IFRS 17 ‘Insurance Contracts’, which replaced IFRS 4 ‘Insurance Contracts’. Comparative data for the financial year
ended 31 December 2022 have been restated accordingly. Comparative data for the year ended 31 December 2021 are prepared on an IFRS 4 basis.
[4] From 1 January 2023, we adopted IFRS 17 ‘Insurance Contracts’, which replaced IFRS 4 ‘Insurance Contracts’. We have restated 2022 comparative
data and the IFRS 17 transition impact on the balance sheet at 1 January 2022.