v3.25.4
Net income/(expense) from financial instruments measured at fair value through profit and loss - HSBC Holdings – 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 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
HSBC Holdings      
Disclosure of financial liabilities [line items]      
Net income from financial instruments held for trading or managed on a fair value basis 182 2,899 1,063
Changes in fair value of designated debt and related derivatives [2] (1,041) (125) (1,468)
Changes in fair value of other financial instruments mandatorily measured at fair value through profit or loss 2,835 2,086 3,692
Year ended 31 Dec 1,976 4,860 3,287
HSBC Holdings | Derivatives managed in conjunction with HSBC Holdings-issued debt securities      
Disclosure of financial liabilities [line items]      
Changes in fair value of designated debt and related derivatives 212 93 426
HSBC Holdings | Other changes in fair value      
Disclosure of financial liabilities [line items]      
Changes in fair value of designated debt and related derivatives (1,253) (218) (1,894)
Net trading activities      
Disclosure of financial liabilities [line items]      
Net income from financial instruments held for trading or managed on a fair value basis 24,345 23,186 20,391
Net trading activities | HSBC Holdings      
Disclosure of financial liabilities [line items]      
Net income from financial instruments held for trading or managed on a fair value basis (1,709) 984 (546)
Other instruments managed on a fair value basis      
Disclosure of financial liabilities [line items]      
Net income from financial instruments held for trading or managed on a fair value basis (4,663) (2,070) (3,730)
Other instruments managed on a fair value basis | HSBC Holdings      
Disclosure of financial liabilities [line items]      
Net income from financial instruments held for trading or managed on a fair value basis $ 1,891 $ 1,915 $ 1,609
[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.
[2] The debt instruments, issued for funding purposes, are designated under the fair value option to reduce an accounting mismatch.