HSBC (HSBA) AGM 2026 summary

Opening remarks and agenda

• The AGM was held in a hybrid format, allowing both in-person and virtual participation, with a focus on shareholder engagement and flexibility.

• Brendan Nelson chaired his first AGM as Group Chairman, expressing gratitude to shareholders and acknowledging his predecessor.

• Voting on 17 resolutions was conducted by poll, with clear instructions provided for both in-person and virtual attendees.

Financial performance review

• 2025 saw strong financial results: $71 billion in revenue (up 5%), $36.6 billion profit before tax (up 7%), and a 17.2% return on tangible equity, excluding notable items.

• $18.9 billion was returned to shareholders, including $12.9 billion in dividends ($0.75/share, up 14% from 2024 excluding special dividends) and $6 billion in share buybacks.

• Total shareholder return for 2025 exceeded 57%, with a 49% increase in share price.

• First quarter 2026 results showed continued momentum, with 4% revenue growth and 18.7% return on tangible equity.

Dividend announcements

• A first interim dividend for 2026 of $0.10 per share was approved.

• The dividend payout ratio target remains at 50% for 2026–2028, excluding notable items.