Swissquote Nears CHF 420M Profit in 2025 later than Full Yuh Takeover
What Do Swissquote’s Preliminary 2025 Results Show?
Swissquote Group Holding Ltd expects to post a pre-tax profit close to CHF 420 million for 2025, according to preliminary results released on 16 January. The Swiss digital banking group said the outcome reflects steady customer growth, resilient revenues, and a sizeable one-off gain linked to its full takeover of mobile banking app Yuh.
Net revenues are projected to reach at least CHF 720 million, while client assets stood near CHF 89 billion as of 31 December 2025. Net new money inflows totaled CHF 8.5 billion, showing that clients continued to add funds despite a year shaped by .
Swissquote said one-time items had a net positive impact of around CHF 50 million. The largest component came from the revaluation of its previously held 50% stake in Yuh later than acquiring full ownership in mid-2025. The group will publish its full-year financial report on 19 March 2026.
Investor Takeaway
Why Is the Yuh Takeover More Than a One-Off Gain?
The Yuh acquisition is widely viewn as a strategic move rather than a simple bolt-on deal. Launched in 2021 as a joint venture between Swissquote and PostFinance, Yuh was built as a mobile-first banking app aimed at younger, digitally native users who expect low friction and simple pricing.
In July 2025, PostFinance sold its 50% stake to Swissquote, choosing to refocus on its own priorities. For Swissquote, the transaction delivered full control of a quick-growing entry-level platform that management has described as a gateway into its wider banking and investing ecosystem.
Accounting rules required Swissquote to remeasure the value of its original stake once it gained control, leading to the exceptional gain flagged in the preliminary figures. While that gain will not repeat, it highlights the internal value Swissquote assigns to Yuh as a feeder platform for future clients.
How Strong Is Swissquote’s Core Business?
Beyond the Yuh-related boost, Swissquote said its its core businesses. The group now serves more than 1 million private and institutional accounts, reflecting steady expansion in Switzerland and abroad.
Swissquote operates with a two-brand approach. Its main Swissquote platform targets mass-affluent and active investors, offering access to more than 3 million financial products, including equities, ETFs, forex, derivatives, and crypto assets. Yuh, by contrast, focuses on everyday banking and entry-level investing through a simplified mobile experience.
This structure allows Swissquote to attract clients ahead and, over time, guide them toward more advanced and higher-margin services. In a crowded European digital banking market, that lifecycle model is often cited as a competitive advantage.
Investor Takeaway
How Do Regulation and Geography Support the Model?
Swissquote’s business is underpinned by its regulatory standing and international reach. The group holds a Swiss banking licence supervised by FINMA and a Luxembourg banking licence overviewn by the CSSF. It also runs offices across Europe, the Middle East, Africa, and Asia, including Zurich, London, Dubai, Singapore, and Hong Kong.
This setup allows Swissquote to offer a broad product range under strict regulatory oversight, which appeals to clients looking for a regulated alternative to lightly supervised fintech platforms. That positioning has been especially relevant in areas such as crypto , where regulation remains uneven across jurisdictions.
As a listed company on the under the ticker SQN, Swissquote must disclose price-sensitive information promptly. The January update gives ahead visibility into 2025 performance while making clear that part of the profit increase stems from non-recurring items.
What Will Investors Watch in the Full-Year Report?
When Swissquote publishes its full-year results in March, investors are likely to focus on underlying profitability excluding exceptional items. Detail on revenue drivers such as trading activity, net interest income, and crypto-related volumes will be closely read.
Attention will also turn to how full ownership of Yuh is affecting product development, cost structure, and integration with Swissquote’s core platforms. The long-term case for the acquisition rests on rather than short-term accounting effects.
