Overview
- Swissquote reported first-half 2026 results on Thursday showing record client assets of CHF 96.3 billion, net revenues of CHF 364.2 million, and a pre-tax profit of CHF 182.9 million.
- The bank lowered full-year guidance to about CHF 730 million in net revenues and CHF 365 million in pre-tax profit after net crypto assets income plunged 66.2% to CHF 14.6 million.
- Swissquote said weaker crypto prices, falling trading volumes and a CHF 5.3 million negative mark-to-market on SQX inventory drove the crypto decline.
- Client accounts rose by 64,011 to 1,220,818 and net new money reached CHF 5.1 billion, boosted in part by full consolidation of Yuh, which holds 423,409 accounts and CHF 4 billion in client assets.
- Balance sheet assets reached CHF 16.9 billion with a 25.2% capital ratio, putting the bank close to the CHF 17 billion FINMA reclassification threshold while headcount rose 13.7% to support tech and AI plans.