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Financial results
Half Year Results 2026
Discover how we’re performing with our Q2 and interim results.
Key financials for H1 2026
- Return on Tangible Equity (RoTE) of 17.6 per cent, up 120bps
- Record profit before tax of USD4.8 billion, up 9 per cent
- Record operating income up 6 per cent to USD11.6 billion, up 8 per cent excluding the Solv India transaction
- USD1 billion share buyback commencing imminently
All figures are presented on a reported basis and comparisons are made to half-year 2025 on a constant currency basis, unless otherwise stated.
Executive commentary
Group Chief Executive’s statement
Bill Winters
We delivered a record first-half performance in 2026, with double-digit growth in Wealth Solutions and Global Banking. Our performance demonstrates the strength of our differentiated international network and the disciplined execution of our strategy. Clients continue to turn to us to facilitate trade, investment and wealth flows across the world’s most dynamic markets. We delivered a 17 per cent increase in our earnings per share, and our upgraded income guidance and new share buyback of USD1 billion reflect our confidence in the business.
Group Chief Financial Officer’s statement
Manus Costello
We are now compounding the growth of our powerful franchise while investing to build a simpler, faster and more connected bank that meets the evolving needs of our clients. At the same time, we remain disciplined on expenses and focused on managing capital tightly. Together, these strengths give us confidence in our ability to deliver exceptional growth and sustainably higher returns.
Our upgraded 2026 guidance
Our revised 2026 guidance is as follows:
- Operating income growth year-on-year to be around the middle of the 5-7 per cent range at constant currency and excluding material notable2 items
- Within which, net interest income1 expected to be low single digit percentage growth year-on-year at constant currency
- Expenses excluding notables2 expected to be around USD13.3 billion at constant currency
- RoTE to be greater than 12 per cent
Learn more about our strategy.
Key downloads
Download the 2026 Half Year Report, presentation and data pack.
1. Net interest income and non-interest income are adjusted for trading book funding cost, treasury currency management activities, interest from cash collateral from trading businesses and from prime services activities.
2. Material notable items in 2026 expenses include USD74 million release of provision on Korea ELS (2025 income includes USD113 million relating to a property sale, 2025 expenses include USD158 million relating to Korea ELS and a litigation settlement).