Swissquote reported client assets reached a record CHF 96.3 billion in the first half of 2026, up nearly 20 percent year-on-year, pushing the Swiss broker closer to the CHF 100 billion threshold despite heightened geopolitical tensions. Client accounts rose 5.5 percent to over 1.2 million, while net new money hit CHF 5.1 billion, just shy of company records. Net revenues climbed modestly by 1.7 percent to CHF 364.2 million, supported by double-digit gains in fee income, trading revenue, and eForex. However, crypto income collapsed 66 percent to CHF 14.6 million amid elevated interest rates and a stronger dollar that pressured bitcoin prices, including a CHF 5.3 million inventory writedown. Expenses rose 4.6 percent, driven by higher depreciation and marketing spend tied to the full consolidation of Yuh following Swissquote’s buyout of PostFinance’s stake. Pre-tax profit held nearly flat at CHF 182.9 million with margins above 50 percent. Yuh reached 423,409 accounts and CHF 4 billion in assets.
FXnCO Insight
Swissquote’s traditional trading and forex strength is offsetting severe crypto headwinds, signaling continued client appetite for multi-asset platforms even as digital asset revenues face prolonged pressure.
Source: Finance Magnates