v3.25.4
Net income/(expense) from financial instruments measured at fair value through profit and loss - Net income/(expense) arising from financial instruments measured at fair value through profit or loss (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of financial assets and liabilities [Line Items]      
Net income from financial instruments held for trading or managed on a fair value basis [1] $ 19,682 $ 21,116 $ 16,661
Net income/(expense) from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss 11,175 5,901 7,887
Liabilities to customers under investment contracts      
Disclosure of financial assets and liabilities [Line Items]      
Net income/(expense) from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss (437) (309) (199)
Net trading activities      
Disclosure of financial assets and liabilities [Line Items]      
Net income from financial instruments held for trading or managed on a fair value basis 24,345 23,186 20,391
Other instruments managed on a fair value basis      
Disclosure of financial assets and liabilities [Line Items]      
Net income from financial instruments held for trading or managed on a fair value basis (4,663) (2,070) (3,730)
Financial assets held to meet liabilities under insurance and investment contracts      
Disclosure of financial assets and liabilities [Line Items]      
Net income/(expense) from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss $ 11,612 $ 6,210 $ 8,086
[1] In 2025, the amounts include a $0.1bn (2024: $0.1bn gain) mark-to-market gain on interest rate hedging of the portfolio of retained loans post sale of our retail banking
operations in France and a $0.1bn fair value loss on Grupo Financiero Galicia‘s (‘Galicia‘) American Depositary Receipts (‘ADRs‘) received as purchase consideration
from the sale of our business in Argentina. In 2024, the amounts include a $0.3bn gain (2023: $0.3bn loss) on the foreign exchange hedging of the proceeds from the
sale of our banking business in Canada.