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Tax - Tax reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]      
Profit before tax $ 32,309 $ 30,348 $ 17,058
Taxation at UK corporation tax rate of 25.0% (2023: 23.5%, 2022: 19.0%) 8,077 7,132 3,241
Impact of differently taxed overseas profits in overseas locations (1,351) (612) 459
UK banking surcharge 215 350 283
– tax impact of sale of HSBC Argentina 1,536 0 0
– local taxes and overseas withholding taxes 584 419 346
– other permanent disallowables 344 227 363
– impacts of hyperinflation 327 348 171
– movements in unrecognised deferred tax 259 (22) (2,503)
– Global Minimum Tax top-up charge 221 0 0
– bank levy 73 112 59
– movements in provisions for uncertain tax positions 38 (472) 27
– impact of changes in tax rates 6 17 (293)
– impairment of interest in associate 0 705 0
– non-taxable gain on disposal of HSBC Canada (1,174) 0 0
– non-taxable income and gains (1,079) (1,189) (825)
– effect of profits in associates and joint ventures (456) (571) (504)
– deductions for AT1 coupon payments (249) (229) (246)
– adjustments in respect of prior period (46) 16 116
– tax impact of sale of French retail banking business (15) 0 115
– accounting gain on acquisition of SVB UK 0 (442) 0
Total tax expense $ 7,310 $ 5,789 $ 809
Reconciliation of average effective tax rate and applicable tax rate [abstract]      
Taxation at UK corporation tax rate of 25.0% (2023: 23.5%, 2022: 19.0%) 25.00% 23.50% 19.00%
Impact of differently taxed overseas profits in overseas locations (4.20%) (2.00%) 2.70%
UK banking surcharge 0.70% 1.20% 1.70%
– tax impact of sale of HSBC Argentina 4.80% 0.00% 0.00%
– local taxes and overseas withholding taxes 1.80% 1.40% 2.00%
– other permanent disallowables 1.00% 0.70% 2.10%
– impacts of hyperinflation 1.00% 1.10% 1.00%
– movements in unrecognised deferred tax 0.70% (0.10%) (14.70%)
– Global Minimum Tax top-up charge 0.70% 0.00% 0.00%
– bank levy 0.20% 0.40% 0.30%
– movements in provisions for uncertain tax positions 0.10% (1.60%) 0.20%
– impact of changes in tax rates 0.00% 0.10% (1.70%)
– impairment of interest in associate 0.00% 2.30% 0.00%
– non-taxable gain on disposal of HSBC Canada (3.60%) 0.00% 0.00%
– non-taxable income and gains (3.30%) (3.90%) (4.80%)
– effect of profits in associates and joint ventures (1.40%) (1.90%) (3.10%)
– deductions for AT1 coupon payments (0.80%) (0.70%) (1.40%)
– adjustments in respect of prior period (0.10%) 0.10% 0.70%
– tax impact of sale of French retail banking business 0.00% 0.00% 0.70%
– accounting gain on acquisition of SVB UK 0.00% (1.50%) 0.00%
Average effective tax rate 22.60% 19.10% 4.70%