UBS Group AG (UBS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.98	$0.93	-5.1%	—	$13.3B	—
Q1 26	$0.83	$0.95	+14.5%	—	$13.8B	—
Q4 25	$0.38	$0.34	-10.5%	—	$12.2B	—
Q3 25	$0.6	$0.92	+53.3%	—	$11.9B	—
Q2 25	$0.92	$0.82	-10.9%	—	$11.5B	—
Q1 25	$0.44	$0.6	+36.4%	—	$11.7B	—
Q4 24	$0.34	$0.39	+14.7%	—	$11.1B	—
Q3 24	$0.37	$0.53	+43.2%	—	$11.5B	—
Q2 24	$0.3	$0.34	+13.3%	—	$11.9B	—
Q1 24	$0.24	$0.52	+116.7%	—	$11.9B	—
Q4 23	$0.2	-$0.51	-355.0%	—	$10.4B	—
Q3 23	$1.27	-$0.24	-118.9%	—	$10.6B	—
Q2 23	$1.27	$8.99	+607.9%	—	$9.5B	—
Q1 23	$0.55	$0.32	-41.8%	—	$8.7B	—
Q4 22	$0.38	$0.5	+31.6%	—	$8B	—
Q3 22	$0.46	$0.52	+13.0%	—	$8B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.46	—	—	$47.3B	—
FY24	—	$1.59	—	—	$45.3B	—
FY23	—	$8.83	—	—	$39.4B	—
FY22	—	$2.34	—	—	$33.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$31.4B	$32.5B	$32.9B	$29B	$32.1B	$35.1B	$33.4B	$39.4B	$45.3B	$47.3B
YoY change	-5.4%	+3.58%	+1.19%	-12%	+10.7%	+9.31%	-4.84%	+18%	+15.2%	+4.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	31.4B	32.5B	32.9B	29B	32.1B	35.1B	33.4B	39.4B	45.3B	47.3B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	22.4B	22.6B	22.9B	20B	20.6B	21.9B	21.3B	27.6B	30.4B	31B
Operating expenses	22.4B	22.6B	22.9B	20B	20.6B	21.9B	21.3B	27.6B	30.4B	31B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	4.6B	5.9B	6.6B	5.6B	8.2B	9.5B	9.6B	28.7B	6.8B	8.9B
Income tax	852.6M	4.7B	1.6B	1.3B	1.6B	2B	1.9B	873M	1.7B	1.1B
Net income	3.4B	1B	4.5B	4.3B	6.6B	7.5B	7.7B	27.9B	5.1B	7.8B
Net margin	10.9%	3.21%	13.7%	14.9%	20.5%	21.4%	23%	70.8%	11.3%	16.5%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	0.87	0.32	1.31	1.17	1.85	2.14	2.34	8.83	1.59	2.46
Diluted EPS	0.84	0.31	1.27	1.14	1.79	2.06	2.25	8.45	1.52	2.36

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	10.6B	10.4B	11.9B	11.9B	11.5B	11.1B	11.7B	11.5B	11.9B	12.2B	13.8B	13.3B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	7.6B	8.7B	7.7B	8.9B	6.4B	8.1B	7.6B	7.5B	7.5B	8.4B	8.4B	8.6B
Operating expenses	7.6B	8.7B	7.7B	8.9B	6.4B	8.1B	7.6B	7.5B	7.5B	8.4B	8.4B	8.6B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	-184M	-751M	2.4B	1.5B	1.9B	1B	2.1B	2.2B	2.8B	1.7B	3.8B	3.6B
Income tax	526M	-473M	612M	293M	502M	268M	430M	-209M	341M	495M	786M	782M
Net income	-711M	-278M	1.8B	1.2B	1.4B	779M	1.7B	2.4B	2.5B	1.2B	3.1B	2.8B
Net margin	-6.68%	-2.67%	14.8%	9.91%	12.5%	7.04%	14.5%	20.9%	20.8%	9.88%	22.2%	21.1%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	-0.22	-0.09	0.55	0.35	0.45	0.24	0.53	0.75	0.79	0.39	0.98	0.91
Diluted EPS	-0.22	-0.09	0.52	0.34	0.43	0.23	0.51	0.72	0.76	0.37	0.94	0.87

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	58.2B	68.3B	46.2B	46.1B	50.6B	62.2B	60.9B	97.4B	97B	146B	146B
Enterprise value	101.7B	155.8B	109.1B	114.1B	88.6B	77.3B	79.1B	155.7B	201.5B	257.1B	257.1B
Shares outstanding	3.7B	3.7B	3.7B	3.7B	3.6B	3.5B	3.3B	3.2B	3.2B	3.2B	3.2B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	17	65.3	10.2	10.7	7.7	8.31	7.95	3.5	18.8	18.7	18.7
P/S	1.85	2.1	1.4	1.59	1.58	1.78	1.82	2.47	2.14	3.09	3.09
P/B	1.09	1.3	0.87	0.84	0.85	1.02	1.06	1.12	1.13	1.61	1.61
EV/Sales	3.24	4.79	3.31	3.94	2.76	2.21	2.37	3.95	4.44	5.44	5.44
Earnings yield	5.9%	1.53%	9.79%	9.35%	13%	12%	12.6%	28.6%	5.31%	5.34%	5.34%
FCF yield	-37.9%	-86.3%	64.7%	39.3%	69.3%	47.5%	21.4%	86.6%	1.31%	13.4%	13.4%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Net margin	10.9%	3.21%	13.7%	14.9%	20.5%	21.4%	23%	70.8%	11.3%	16.5%	16.5%
ROE	6.4%	1.99%	8.52%	7.88%	11%	12.3%	13.4%	32.2%	6.01%	8.62%	8.62%
ROA	—	—	—	—	—	—	—	—	0.33%	0.48%	0.48%
Return on tangible assets	—	—	—	—	—	—	—	—	0.33%	0.49%	0.49%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	3.3	3.77	3.61	3.35	3.45	3.59	3.38	4.36	3.88	3.71	3.71
Debt / assets	—	—	—	—	—	—	—	—	0.21	0.21	0.21
Effective tax rate	18.5%	80.5%	24.5%	22.7%	19.4%	21.1%	20.2%	3.04%	24.6%	11.9%	11.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	8.46	8.76	8.83	7.91	8.95	10.1	10.2	12.5	14.2	15	15
EPS (basic)	0.87	0.32	1.31	1.17	1.85	2.14	2.34	8.83	1.59	2.46	2.46
EPS (diluted)	0.84	0.31	1.27	1.14	1.79	2.06	2.25	8.45	1.52	2.36	2.36
Book value per share	14.4	14.1	14.2	14.9	16.7	17.5	17.5	27.5	26.8	28.7	28.7
FCF per share	-5.93	-15.9	8.01	4.95	9.8	8.49	3.99	26.8	0.4	6.18	6.18
Cash per share	35.8	29.8	34.5	31.5	47	58.5	53.7	101.3	71.3	71.4	71.4
Capex per share	0.44	0.43	0.42	0.43	0.42	0.44	0.45	0.51	0.59	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	5.15%	4.86%	4.78%	5.43%	4.64%	4.41%	4.44%	4.12%	4.19%	—	—
Capex / operating cash flow	-5.5%	-5.75%	3.81%	5.67%	22.1%	2.46%	15.2%	2.52%	89.4%	—	—
Payout ratio	103.6%	237%	59.2%	59%	39.7%	17.4%	21.8%	6.03%	43.8%	36.8%	36.8%
Dividend yield	6.11%	3.63%	5.8%	5.52%	5.15%	2.09%	2.74%	1.72%	2.33%	1.96%	1.96%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$1.102

ex-dividend Apr 21, 2026

Payout ratio

37%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Apr 21, 2026	$1.102
Apr 15, 2025	$0.904
Apr 30, 2024	$0.70
Apr 12, 2023	$0.275
Apr 12, 2022	$0.25
Apr 13, 2021	$0.185
Nov 24, 2020	$0.1825
May 5, 2020	$0.365

Split history

Date	Ratio
Jul 10, 2006	2:1
Jul 16, 2001

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$10.6B	$10.4B	$11.9B	$11.9B	$11.5B	$11.1B	$11.7B	$11.5B	$11.9B	$12.2B	$13.8B	$13.3B
YoY change	+33.8%	+30.4%	+37.3%	+24.7%	+7.7%	+6.17%	-1.67%	-2.99%	+4.13%	+10.3%	+17.3%	+16.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	133.1B	110.9B	128.8B	115.3B	168.5B	203.6B	175.1B	319.4B	227.9B	224.9B
Receivables	87.7B	2.7B	19.2B	20.3B	27.3B	24.3B	20.6B	26.8B	30.2B	40.3B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	14.8B	16B	16B	24.2B	13.1B	12.9B	12.3B	17.8B	15.5B	9.3B
Goodwill & intangibles	13.5B	13.8B	13.9B	12.9B	13B	12.8B	12.5B	15B	13.8B	13.9B
Total assets	—	—	—	—	—	—	—	—	1.6T	1.6T
Accounts payable	10.2B	35.1B	43.9B	38.8B	40.1B	45.1B	47B	49.2B	54.9B	—
Short-term debt	25.7B	52.3B	39B	21.8B	46.7B	43.1B	29.7B	38.5B	30.5B	33.9B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	150.9B	146.1B	152.7B	161.4B	159.8B	175.6B	163.6B	339.2B	301.9B	302.2B
Total liabilities	—	—	—	—	—	—	—	—	1.5T	1.5T
Shareholders' equity	53.6B	52.6B	53.1B	54.7B	59.8B	61B	57.2B	86.6B	85.6B	90.5B
Total debt	176.6B	198.4B	191.8B	183.3B	206.5B	218.7B	193.3B	377.7B	332.4B	336B
Net debt	60.4B	97.3B	70.3B	74.3B	46.2B	23.9B	20.5B	60.5B	106.7B	125B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	231.2B	224.9B	239.2B	231.6B
Receivables	—	—	—	—	—	—	—	—	35.7B	40.3B	40.8B	49.7B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	16.1B	—	—
Goodwill & intangibles	—	6B	—	—	—	6B	—	—	7B	13.9B	6.9B	6.8B
Total assets	—	—	—	—	—	—	—	—	1.6T	1.6T	1.7T	1.7T
Accounts payable	—	—	—	—	—	—	—	—	66.7B	67B	75.2B	83.4B
Short-term debt	—	—	—	—	—	—	—	—	28.9B	33.9B	—	44B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	—	—	—	—	—	—	—	—	312.9B	302.2B	343.9B	306.5B
Total liabilities	—	—	—	—	—	—	—	—	1.5T	1.5T	1.6T	1.6T
Shareholders' equity	—	—	—	—	—	—	—	—	90.2B	90.5B	92.5B	89.4B
Total debt	—	—	—	—	—	—	—	—	341.8B	336B	343.9B	350.6B
Net debt	—	—	—	—	—	—	—	—	120.4B	125B	118.5B	133.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	3.4B	1B	4.5B	4.3B	6.6B	7.5B	7.7B	27.9B	5.1B	7.8B
Depreciation & amortization	1.1B	1.1B	1.3B	1.9B	2.1B	2.1B	2.1B	3.8B	3.8B	3.5B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-44.5B	-34.8B	41.6B	13.6B	2.5B	48.9B	10.3B	67.7B	-23.4B	-1.3B
Operating cash flow	-29.4B	-27.5B	41.3B	27.7B	6.7B	62.8B	9.7B	64.3B	2.1B	21.9B
Capital expenditure	-1.6B	-1.6B	-1.6B	-1.6B	-1.5B	-1.5B	-1.5B	-1.6B	-1.9B	—
Investing cash flow	40.4B	5.8B	-6.6B	-1.6B	-6.8B	-2.1B	-12.4B	103.2B	709M	-20.6B
Dividends paid	-3.6B	-2.5B	-2.7B	-2.5B	-2.6B	-1.3B	-1.7B	-1.7B	-2.3B	-2.9B
Share repurchases	-1.4B	-801M	-1.6B	-1.6B	-1.4B	-3.3B	-6B	—	—	—
Financing cash flow	-4.5B	22.2B	-4.5B	-25.6B	12.4B	10.3B	-9.1B	-55.5B	-82.8B	-25.3B
Net change in cash	6.4B	573.4M	30.2B	548M	12.4B	71B	-11.8B	112B	-79.9B	-24.1B
Free cash flow	-22B	-59B	29.9B	18.1B	35.1B	29.6B	13B	84.4B	1.3B	19.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25
Net income	1B	27.3B	-711M	206M	1.8B	1.2B	1.4B	780M	1.7B	2.4B	2.5B	1.2B
Depreciation & amortization	525M	866M	950M	1.4B	895M	903M	1B	994M	861M	898M	904M	866M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-41.7B	26.9B	31B	51.5B	-4.7B	-28.6B	9B	976M	2.4B	23B	-23.5B	-3.1B
Operating cash flow	-37.5B	55.7B	29.4B	16.6B	11.4B	-25.7B	3.9B	12.6B	-509M	13.6B	-3.9B	4.9B
Capital expenditure	-375M	-454M	-335M	-456M	-385M	-488M	-551M	-476M	-532M	-515M	—	—
Investing cash flow	-2.4B	107.1B	-1.9B	320M	1.3B	1.2B	-741M	-1.1B	-7.2B	-7B	-3.7B	-3.9B
Dividends paid	—	—	0	0	—	—	0	0	—	—	0	0
Share repurchases	-2.2B	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-1.1B	-22.3B	-27.5B	-5B	-38.8B	-19.9B	-18.4B	-3.5B	-785M	-6B	-9B	-6.6B
Net change in cash	-41B	140.5B	19M	11.9B	-26.1B	-44.5B	-15.2B	8B	-8.5B	520M	-16.6B	-5.6B
Free cash flow	-25.5B	42.3B	30.1B	37.5B	11.1B	-186M	3.5B	-13.2B	14.8B	5B	-4.5B	4.2B

UBS Group AG Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement