Quarterly ResultApr 29, 2026, 06:42 AM
UBS Q1 Net Profit +80% to $3.04B; EPS $0.94; Credit Suisse Integration
AI Summary
UBS Group AG reported a significant increase in Q1 2026 net profit attributable to shareholders, rising 80% to $3.04 billion, with diluted EPS of $0.94. Total revenues grew 13% to $14.24 billion, and the cost/income ratio improved to 72.5%. The company completed the global migration of former Credit Suisse client accounts, realizing an additional $0.8 billion in gross cost savings, bringing cumulative savings to $11.5 billion. UBS also announced a $1.10 per share dividend and repurchased $0.9 billion in shares, while noting potential future regulatory capital requirements of up to $37 billion.
Key Highlights
- Net profit attributable to shareholders +80% to $3.04B.
- Diluted earnings per share $0.94, up from $0.51 YoY.
- Total revenues +13% to $14.24B.
- Cost/income ratio improved to 72.5% from 82.2% YoY.
- Completed global migration of Credit Suisse client accounts.
- Achieved $0.8B additional gross cost savings in Q1, cumulative $11.5B.
- Approved $1.10 per share dividend; repurchased $0.9B shares.
- Swiss regulatory changes could require $22B additional CET1 capital for UBS AG standalone.