Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001089113-25-000056
Chunk: 15

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 15
---
 business in Canada and the disposal of our business in Argentina. Ñ The tables on pages 27 to 30 and pages 33 to 37 detail the effects of notable items on each of our business segments and legal entities. Impact of strategic transactions In addition to the items categorised as material notable items, the impacts of strategic transactions include the distorting impact observed between the periods of the operating income statement results related to acquisitions and disposals that affect period-on-period comparisons. Once a transaction has completed, the impact will include the operating income statement results of each business, which are not classified as notable items, in any comparative period if there are no results in the current period. We consider the monthly impact of distorting income statement results when calculating the impact of strategic transactions. Ñ See page 31 for further details on the impact of strategic transactions.

| HSBC Holdings plc Earnings Release 3Q25 on Form 6-K |
| 8                                                   |

Management view of revenue on a constant currency basis We provide breakdowns of revenue for each of our business segments on a constant currency basis by major product. These reflect the basis on which revenue performance of the businesses is assessed and managed. We group certain products in a consistent manner across our business segments. Wholesale transaction banking comprises our Global Foreign Exchange, Global Payments Solutions (‘GPS’), Global Trade Solutions (‘GTS’) and Securities Services businesses. Wealth comprises our Investment Distribution, Insurance, Private Bank (formerly Global Private Banking) and Asset Management businesses. On page 9 we also provide a summarised management view of revenue for the Group‘s results, on reported foreign exchange rates, to supplement the Group‘s reported revenue performance using a product grouping, which is used to manage and assess our segmental performance.

Use of alternative performance measures Our reported results are prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (‘IFRS Accounting Standards‘), as detailed in our financial statements starting on page 363 of the Annual Report and Accounts 2024 on Form 20-F. To measure our performance, we supplement our IFRS Accounting Standards figures with non-IFRS Accounting Standards measures, which constitute alternative performance measures under European Securities and Markets Authority guidance and non-GAAP financial measures defined in and presented in accordance with the US Securities and Exchange Commission rules and regulations. These measures include those derived from our reported results that eliminate factors distorting period-on-period comparisons. The ‘constant currency performance’ measure used throughout this report is described above. Definitions and calculations of other alternative