Goodwill and intangible assets (Tables)

12 Months Ended

Dec. 31, 2025

Disclosure of components of goodwill and intangible assets


	2025	2024
	$m	$m
Goodwill	4,419	4,118
Other intangible assets1	8,688	8,266
At 31 Dec	13,107	12,384

1Included within other intangible assets is internally generated software with a net carrying amount of $7.5bn (2024: $7.1bn). During the year, capitalisation of

internally generated software was $3.0bn (2024: $2.5bn), impairment was $0.4bn (2024: impairment of $67m) and amortisation was $2.4bn (2024: $2.0bn).

Disclosure of reconciliation of changes in intangible assets and goodwill


Movement analysis of goodwill
	2025	2024
	$m	$m
Gross amount
At 1 Jan	18,626	19,560
Exchange differences	1,438	(962)
Reclassified to held for sale and additions1	(78)	28
At 31 Dec	19,986	18,626
Accumulated impairment losses
At 1 Jan	(14,508)	(15,237)
Exchange differences	(1,059)	716
Reclassified to held for sale1	—	13
At 31 Dec	(15,567)	(14,508)
Net carrying amount at 31 Dec	4,419	4,118

1For the year ended 31 December 2025, this includes goodwill reclassified to held for sale associated with the sale of HSBC Life (UK) Limited, the sale of HSBC

Assurance Vie (France), the sale of the retail banking business of The Hongkong and Shanghai Banking Corporation Limited, Sri Lanka branch, and the sale of

the custody business and private banking business in Germany. For the year ended 31 December 2024, this includes goodwill arising from the acquisition of

Silkroad, offset by goodwill reclassified to held for sale associated with the sales of HSBC Bank Armenia, the private banking business in Germany, and the

planned sale of HSBC Assurances Vie (France). For further details, see Note 23.

Disclosure of key assumption in value in use calculation


Key assumptions in VIU calculation – significant CGUs at 1 October 20251
	Carrying amount at 1 Oct 2025	of which goodwill	Value in use at 1 Oct 2025	Discount rate	Growth rate beyond initial cash flow	Carrying amount at 1 Oct 2024	of which goodwill	Value in use at 1 Oct 2024	Discount rate	Growth rate beyond initial cash flow projections
	$m	$m	$m	%	%	$m	$m	$m	%	%
HSBC UK Bank plc – UK	29,022	2,639	82,529	9.3	2.1	N/A	N/A	N/A	N/A	N/A
HSBC UK Bank plc – WPB	N/A	N/A	N/A	N/A	N/A	12,785	2,843	27,118	10.6	2.0

1Following change in the Group’s reportable segments effective from 1 January 2025 the Group’s CGUs are the Group’s reportable segments subdivided by

main legal entities.