Swissquote Raises 2025 Guidance after Record Jump in H1 Revenue and Profits

Swissquote closed the first six months of 2025 with net revenue of CHF 358.2 million ($444.2 million) and a pre-tax profit of CHF 185.2 million ($229.6 million). The two figures rose by 13 per cent and 9.1 per cent year-on-year, respectively. Net profit reached CHF 158.2 million ($196.2 million), up 9.4 per cent.

Expectations Are Now Higher

Following the results, the company raised its full-year pre-tax profit guidance to CHF 365 million ($452.6 million) from CHF 355 million ($440.2 million). It is also expecting to generate around CHF 700 million in revenue, up from CHF 675 million.

As FinanceMagnates.com reported earlier, Swissquote is targeting CHF 500 million ($620.0 million) in net profit in 2028 after posting a record result in 2024.

In its latest announcement, Swissquote said its net fee and commission income increased by 26 per cent to CHF 109.5 million ($135.8 million), driven by a 25 per cent rise in the total number of transactions to 3.5 million. Net trading income also climbed by 46.4 per cent.

Like many other trading platforms, crypto is one of Swissquote’s core offerings. Net crypto asset income jumped 22.7 per cent to CHF 43.1 million ($53.4 million), mainly due to a 16.2 per cent increase in crypto trading volumes.

Alongside higher revenue, Swissquote expanded its resources, particularly by increasing headcount in its technology teams and strengthening its international operations. Despite the higher operating costs, the company achieved a record profit for the six-month period.

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The pre-tax profit margin was 51.7 per cent, down from 53.5 per cent, while the net profit margin slipped to 44.2 per cent from 45.6 per cent.

58,000 New Clients

The Switzerland-headquartered company also benefited from strong client growth, adding more than 58,000 new accounts – three-quarters of the growth achieved in 2024.

Client assets on the platform rose 18.1 per cent to a record CHF 80.4 billion ($99.7 billion), boosted by CHF 5.2 billion ($6.4 billion) in purely organic net new money.

“Despite the turbulent market environment, customers’ portfolios remained resilient, with client assets experiencing only a slight negative impact,” Swissquote said. “The portion of cash in client assets increased by approximately CHF 900 million ($1.12 billion) in the first six months of 2025 and remained stable as a percentage of total assets.”

Expectations from Yuh Are High

Earlier this year, Swissquote also secured Yuh's full ownership. Already holding a 50 per cent stake in the platform, it bought the rest from PostFinance, paying CHF 89.8 million ($111.4 million) in cash and treasury shares.

Now, the financials reveal that Yuh added 342,369 accounts in the first half of 2025, a yearly increase of 44.5 per cent. Client assets on the platform also jumped by 56.5 per cent to CHF 3.2 billion ($4.0 billion).

Read more: Swissquote’s Yuh App Turns Profitable as Accounts Surge 48%

“The full consolidation of Yuh into Swissquote is expected to generate incremental net revenues of approximately CHF 10 million ($12.4 million) for the remainder of 2025, with minimal contribution to the pre-tax profit during this period,” Swissquote noted.