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# HSBC Reports FY2024 Pre-Tax Profit of $32.3 Billion and $26.9 Billion in Shareholder Distributions
- URL: https://www.theglobalbanker.com/hsbc-fy2024-pre-tax-profit-32-3-billion-record-26-9-billion-distributions/
- Published: 2025-02-19T17:00:00.000Z
- Updated: 2026-10-02T13:47:26.000Z
- Description: HSBC delivered full-year 2024 pre-tax profit of $32.3 billion, up 6%, and returned $26.9 billion to shareholders through dividends and buybacks on revenue of $65.9 billion.
- Author: TGB Editorial Team
- Tags: Banking News, Europe, #archive

HSBC Holdings reported profit before tax of $32.3 billion for the full year 2024, a 6% increase on the prior year, the bank said in its annual results published on 19 February. On a constant currency basis and excluding notable items, pre-tax profit reached $34.1 billion. Revenue for the year came in at $65.9 billion, and return on tangible equity was 14.6% on a reported basis and 16.0% excluding notable items.

The results were accompanied by a total distribution to shareholders of $26.9 billion, comprising dividends per share of $0.87 — including a special dividend of $0.21 per share — and $11 billion in share buybacks. 

#### RETURNS TARGET

Management has previously indicated that sustaining returns in the mid-teens on return on tangible equity is a central financial objective.

#### SHAREHOLDER DISTRIBUTIONS

Combined with the $0.87 dividend per share, including the $0.21 special element, the $11 billion of buybacks brings total distributions announced in respect of 2024 to $26.9 billion. The bank said its strong performance enabled it to announce $26.9 billion of returns to shareholders through dividends and share buy-backs.