Swissquote reported a strong first half of 2026, closing the period with client assets at an all‑time high of CHF 96.3 billion

Swissquote reported a strong first half of 2026, closing the period with client assets at an all‑time high of CHF 96.3 billion. This represents a 19.8% increase compared with the previous year and places the firm within reach of the CHF 100 billion milestone, despite operating against a backdrop of heightened geopolitical uncertainty. Client account growth remained robust as well, rising by 64,011 to a total of 1,220,818, a 5.5% increase since the end of 2025.

Net new money for the period totalled CHF 5.1 billion, slightly below the prior year but still close to a company record. This performance follows a notably strong 2025, during which Swissquote exceeded its own revenue and pre‑tax profit guidance and ended the year with nearly CHF 89 billion in client assets after attracting CHF 8.5 billion in net new funds. The momentum carried into 2026, supported by broad‑based growth across most revenue categories.

During the first half of 2026, net revenues reached CHF 364.2 million, a year‑on‑year increase of 1.7%. Fee and commission income rose 13%, trading income grew 15.8%, interest income increased 7.2%, and eForex income advanced 9.1%, helped by stronger volatility in precious metals and commodities. The crypto segment was the notable exception, with net crypto assets income falling 66.2% to CHF 14.6 million. Swissquote attributed this decline to geopolitical tensions, higher interest rates and a stronger US dollar, all of which weighed on digital asset prices. The result also included a CHF 5.3 million negative mark‑to‑market adjustment linked to inventory supporting the SQX exchange. Total expenses increased 4.6% to CHF 181.3 million, driven by higher depreciation and expanded marketing activity, partly reflecting the full consolidation of Yuh following Swissquote’s acquisition of PostFinance’s remaining stake in late 2025.

Pre‑tax profit remained broadly stable at CHF 182.9 million, representing a modest 1.2% decline while maintaining a pre‑tax margin above 50%. Headcount rose to 1,511 full‑time employees, a 13.7% increase that the company connected to technology and engineering recruitment undertaken in 2025 to support ongoing AI‑driven initiatives.

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