HSBC Holdings plc announced on Tuesday that its revenues went down by 15% from the same period a year ago to $17.6 billion in the first fiscal quarter of 2025.

The bank's profit before tax decreased by $3.2 billion to $9.5 billion, with the profit after tax decreasing by $3.3 billion to $7.6 billion year-on-year. The company's diluted EPS landed at $0.39. Additionally, the bank announced a share buy-back of up to $3 billion and has approved a first interim dividend of $0.10 per share.

"The macroeconomic environment is facing heightened uncertainty, in particular from protectionist trade policies, creating volatility in both economic forecasts and financial markets and adversely impacting consumer and business sentiment," the bank said.