Loading...
•
Sep 30
UBS Q3 2025 Earnings Report
UBS reported strong financial results, driven by solid performance in core businesses and successful integration progress.
Key Takeaways
UBS posted a robust Q3 2025 performance with $12.76 billion in revenue and $2.48 billion in net income. The company benefited from strong client inflows, strategic cost savings, and positive momentum in investment banking and asset management.
Revenue reached $12.76 billion, with all core businesses contributing to growth.
Net income was $2.48 billion, supported by litigation reserve releases.
Global Wealth Management added $38 billion in net new assets.
Cost reductions reached $10 billion—one quarter ahead of schedule.
UBS
UBS
UBS Revenue by Segment
Revenue by Segment
Wealth Management Revenue
CapyFin.comPersonal & Corp Banking Revenue
CapyFin.comAsset Management Revenue
CapyFin.comInvestment Bank Revenue
CapyFin.comNon-core & Legacy Revenue
CapyFin.comGroup Items Revenue
CapyFin.com Forward Guidance
UBS expects stable net interest income in key segments and continued progress on integration but notes potential macroeconomic headwinds in Q4.
Positive Outlook
- Stable net interest income projected in Wealth Management and P&C Banking.
- Continued asset inflows expected across client segments.
- Planned completion of Swiss booking center migration by Q1 2026.
- Further use of AI and digital tools to enhance productivity.
- Sustained capital return plans including dividend growth and buybacks.
Challenges Ahead
- Expected integration costs of ~$1.1B in Q4.
- Seasonal increase in non-personnel costs like the UK bank levy.
- Potential volatility from macro and political uncertainties.
- Continued strong Swiss franc and higher US tariffs may affect growth.
- Risk of delays in capital markets activity due to US government shutdown.