Swissquote's 2025 Performance#
Swissquote Group Holding Ltd has announced its fiscal year 2025 results, which met analysts' expectations. The company reported net revenue of CHF723 million, marking a 9.4% increase from the previous year. Pre-tax profit stood at CHF420 million, up 21.6% year-over-year. This profit figure included a one-time gain of CHF50 million from consolidating Yuh, a digital banking platform.
2026 Revenue and Profit Forecast#
Looking ahead to 2026, Swissquote has projected revenue of CHF760 million, slightly below the consensus estimate of CHF761 million. However, the company anticipates a pre-tax profit of CHF385 million, which is 3% lower than what analysts had expected. This adjustment reflects the company's ongoing investments in growth, particularly in technology and engineering.
Factors Influencing Growth#
Swissquote's revenue growth in 2025 was largely driven by a 17.5% increase in net fees and commissions, totaling CHF209 million, thanks to heightened trading activity, especially in foreign exchange products. Net trading income surged by 52.6% to CHF120 million. However, net interest income fell by 3% to CHF218 million due to the impact of Swiss interest rate cuts.
Despite a decline in cryptocurrency trading volumes, crypto asset income remained stable at CHF86 million. Total expenses rose by 11.8% to CHF353 million, primarily due to investments in growth, which have led to a decrease in near-term profit margins.
Future Outlook and Changes#
Swissquote's balance sheet expanded to CHF16.1 billion in 2025, and the company anticipates being reclassified to a category 3 bank once assets surpass CHF17 billion. The capital ratio improved to 25%, exceeding the required threshold. The board plans to recommend a dividend of CHF7.40 per share, consistent with its policy of distributing 30% of net profits. Additionally, the company has made changes to its board, with Dr. Markus Dennler stepping down as chairman, to be succeeded by Hans-Rudolf König.