Third Quarter 2025 Results

We’ve released our financial results for the third quarter ended 30 September 2025.

For more details, please visit our Investor Relations section.

Bill Winters, Group Chief Executive, said:

“We now expect to deliver an underlying return on tangible equity of around 13 per cent in 2025, hitting our target a year earlier than planned. Progress is broad-based, but our sharper strategic focus on servicing our clients’ cross-border and affluent banking needs is paying off, with strong double-digit growth in Wealth Solutions and Global Banking, alongside good momentum in our Global Markets flow business.”

Diego De Giorgi, Group Chief Financial Officer, said:

“Third quarter income was up 5 per cent year-on-year to USD5.1 billion and profit before tax was up 9 per cent to USD2 billion. Our growth engines have continued to deliver consistent performance, with a record quarter in both Wealth Solutions and Global Banking. Our consistent delivery gives us confidence to upgrade our 2025 income growth guidance to be towards the upper end of the 5 to 7 per cent range. We now expect to deliver a return on tangible equity of around 13 per cent in 2025. This exceeds our previous guidance and accelerates our delivery by a year.”

Note: numbers on an underlying basis; comparisons made to Q3’24 at constant currency.