UBS held a record $7.3 trillion of Group invested assets at the end of the second quarter of 2026, according to UBS’s results release. Second-quarter net profit came to $2.8 billion. At June 30, 2026, total assets stood at $1.71 trillion. The UBS statistics below come from the bank’s own results releases plus Swiss Federal Council and Swiss Parliament publications, through September 2026.
UBS completed its acquisition of Credit Suisse on June 12, 2023. Three years on, the open question is capital: common equity tier 1 (CET1) capital, the core layer Swiss lawmakers are debating. UBS says a Council of States decision, if confirmed, would mean around $33 billion of incremental CET1 capital since the acquisition. The data covers size, profit, divisions, capital, staff and the Credit Suisse integration.
Key Takeaways
- At June 30, 2026, invested assets per internal full-time equivalent were $73.9 million, up from $50.6 million at the end of 2023.
- In 2023, UBS booked $27,264 million of negative goodwill, against net profit attributable to shareholders of $27,366 million.
- According to UBS, its incremental CET1 would reach around $33 billion if the Council of States decision is confirmed; that is about 4.2 times net profit of $7,767 million for 2025.
- At June 30, 2026, Global Wealth Management’s $4,942 billion made up 67.5% of Group invested assets.
- In the first half of 2026, net profit attributable to shareholders rose 42.9% to $5,840 million.
- Cumulative gross cost savings since the end of 2022 reached $12.6 billion, over 90% of UBS’s gross savings ambition.
Editor’s Choice
- Group invested assets, end of 2Q26: $7.3 trillion.
- Total assets, June 30, 2026: $1.71 trillion.
- Net profit, 2Q26: $2.8 billion.
- Net profit attributable to shareholders, 2025: $7,767 million.
- CET1 capital ratio, June 30, 2026: 14.4%.
- Internal staff, June 30, 2026: 99,085 full-time equivalents.
How Big Is UBS? Key UBS Statistics and Total Assets
- At June 30, 2026, total assets were $1,707,284 million, against $1,617,427 million at the end of 2025, according to UBS’s key figures.
- That total equals $1.71 trillion.
- Total assets stood at $1,716,924 million at the end of 2023 and $1,565,028 million at the end of 2024.
- Equity attributable to shareholders was $89,165 million and CET1 capital was $72,464 million at June 30, 2026.
- Internal and external personnel totaled 112,388 at June 30, 2026.
- Credit Suisse shareholders received 1 UBS share for every 22.48 Credit Suisse shares held.
| Metric | June 30, 2026 | December 31, 2025 | June 30, 2025 |
|---|---|---|---|
| Total assets ($ millions) | 1,707,284 | 1,617,427 | 1,669,991 |
| Invested assets ($ billions) | 7,326 | 7,005 | 6,618 |
| Equity attributable to shareholders ($ millions) | 89,165 | 90,213 | 89,277 |
| CET1 capital ($ millions) | 72,464 | 71,262 | 72,709 |
| Internal personnel (full-time equivalents) | 99,085 | 103,177 | 105,132 |
| Market capitalization ($ millions) | 162,373 | 155,760 | 113,036 |
Source: UBS second-quarter 2026 results release
About This Data
These figures come from 9 sources: 5 UBS releases and reports, 2 Swiss Federal Council publications and 2 items from the Swiss Parliament website. The Parliament items are a press release and an SDA news agency report, and all sources date from June 2023 to September 2026. Sources are limited to company filings, official Swiss publications and one news agency report on parliamentary proceedings. Figures are reviewed on a rolling basis and updated when UBS publishes new results.
UBS Invested Assets and Assets Under Management
- Group invested assets reached a record $7.3 trillion at the end of the second quarter of 2026.
- At June 30, 2026, invested assets were $7,326 billion, up from $6,618 billion a year earlier.
- Group invested assets rose 15% in 2025 and exceeded $7 trillion for the first time.
- Global Wealth Management invested assets rose by $274 billion in the quarter to $4,942 billion.
- Asset Management invested assets rose by $164 billion in the quarter to $2,228 billion.
- At June 30, 2026, Global Wealth Management accounted for 67.5% of Group invested assets, per UBS’s divisional data.
- From the end of 2023, Group invested assets grew 28.2%, from $5,714 billion to $7,326 billion.
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By the numbers: UBS’s Group invested assets reached a record $7.3 trillion at the end of the second quarter of 2026. Global Wealth Management added net new assets of $36 billion in the quarter, a 3% annualized growth rate. That is the figure behind searches for UBS assets under management; UBS reports it as invested assets.
Recent Developments
- September 23, 2026: The Council of States decided on 90% CET1 backing of foreign participations, which UBS says would require approximately $16 billion of additional CET1 at UBS AG. The vote passed by 33 votes to 10, with two abstentions.
- September 23, 2026: UBS said the total annual cost resulting from the acquisition would amount to around $2.5 billion if the decision is confirmed.
- August 31, 2026: The Council of States’ economic affairs committee backed its compromise by 7 votes to 5, with 1 abstention; it would let AT1 bonds count for up to 50%.
- August 12, 2026: The Federal Council launched a consultation on bank governance, supervision and crisis preparations including liquidity provision.
- July 29, 2026: UBS reported second-quarter net profit of $2.8 billion and first-half net profit of $5.8 billion.
UBS Net Profit by Year
- In 2023, net profit attributable to shareholders was $27,366 million, including negative goodwill of $27,264 million.
- Net profit fell 81.4% in 2024. The 2023 total had included the negative goodwill.
- In the first half of 2026, net profit attributable to shareholders rose 42.9% to $5,840 million.
- Net profit attributable to shareholders rose 53% to $7,767 million in 2025, with diluted EPS up 55% to $2.36.
- Reported profit before tax was $8,853 million in 2025, and underlying profit before tax was $11,729 million.
- Total revenues were $49,573 million in 2025 against $48,611 million in 2024.
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Worth noting: UBS recorded $27,264 million of negative goodwill in 2023, while net profit attributable to shareholders was $27,366 million. The 2023 total reflects the accounting for the Credit Suisse deal, so it does not compare directly with later years.
UBS Quarterly Revenue and Profit
- Reported revenues were $13,700 million in the second quarter of 2026, up 13% year over year.
- Underlying revenues rose 16% to $13,348 million.
- Profit before tax was $3,594 million reported and $3,887 million underlying, up 64% and 45% year over year.
- Net profit attributable to shareholders was $3,040 million in the first quarter of 2026 and $2,800 million in the second.
- Core businesses delivered a 47% increase in underlying profit before tax year over year on a combined basis.
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UBS Revenue by Business Division
- Global Wealth Management generated $6,997 million of underlying revenues in the second quarter of 2026.
- That was 52.4% of the Group’s $13,348 million in underlying revenues.
- Personal & Corporate Banking reported profit before tax of CHF 676 million ($857 million in UBS’s US dollar table), with an underlying cost/income ratio of 57.7%.
- Asset Management profit before tax was $214 million, or $237 million underlying, on revenues of $756 million.
- In asset management, the division took in net new money of $6.3 billion, or $10.0 billion excluding money market flows and associates.
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UBS Global Wealth Management Statistics
- Global Wealth Management profit before tax was $1,883 million, or $1,997 million underlying, in the second quarter of 2026.
- Total revenues rose 13% to $7,112 million, and the cost/income ratio was 73.6%.
- Its wealth management client flows brought net new assets of $36 billion in 2Q26 and $73 billion in 1H26.
- Net new assets for 2025 reached $101 billion, a 2.4% annualized growth rate.
- UBS targets Global Wealth Management invested assets above $5.5 trillion and net new assets above $200 billion in 2028.
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Key finding: Global Wealth Management’s underlying profit before tax rose 74.1% between 4Q24 and 2Q26, from $1,147 million to $1,997 million. Underlying transaction-based income in the division rose 23% year over year in 2Q26. The division produced 51.4% of the Group’s underlying profit before tax in 2Q26.
UBS Investment Bank Statistics
- Investment Bank profit before tax was $1,150 million, or $1,162 million underlying, in the second quarter of 2026.
- Underlying revenues rose 31% to $3,701 million, and return on attributed equity was 23.2%.
- Underlying revenues were $3,986 million in 1Q26 and $3,701 million in 2Q26, against $2,547 million in 4Q24.
- Global Markets delivered a record second quarter, with underlying revenues up 31% to $3,008 million.
- Global Banking underlying revenues rose 33% to $693 million, led by capital markets activity.
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UBS Capital Ratios and Liquidity
- The CET1 capital ratio was 14.4% and the CET1 leverage ratio 4.4%, above guidance of about 14% and above 4.0%.
- At June 30, 2026, risk-weighted assets were $503,923 million.
- The liquidity coverage ratio was 177.3% for the second quarter of 2026, and the net stable funding ratio was 115.1%.
- UBS repurchased $8.5 billion of Credit Suisse legacy debt instruments in the fourth quarter of 2025.
| Ratio (%) | June 30, 2026 | March 31, 2026 | December 31, 2025 | June 30, 2025 |
|---|---|---|---|---|
| CET1 capital ratio | 14.4 | 14.7 | 14.4 | 14.4 |
| Going concern capital ratio | 19.0 | 19.4 | 18.5 | 18.2 |
| Total loss-absorbing capacity ratio | 38.4 | 39.5 | 38.0 | 37.9 |
| CET1 leverage ratio | 4.4 | 4.4 | 4.4 | 4.4 |
| Liquidity coverage ratio | 177.3 | 177.8 | 182.6 | 182.3 |
| Net stable funding ratio | 115.1 | 116.9 | 116.1 | 122.4 |
Source: UBS second-quarter 2026 results release
Is UBS in trouble?
Two figures from UBS’s latest results describe its current position. Its CET1 capital ratio was 14.4%, above its guidance of about 14%, and second-quarter net profit was $2.8 billion. Swiss lawmakers have not yet decided how much more capital UBS must hold.
Swiss Capital Rules and UBS
- The Federal Council wants systemically important banks to fully back participations in foreign subsidiaries with CET1 capital; today, around half can be financed with debt.
- The Federal Council intends a transition period of seven years if there are no delays during the parliamentary deliberations.
- Swiss authorities estimated the rules would strengthen the parent bank’s CET1 capital by approximately $20 billion.
- Had the rules applied on January 1, 2026, the actual CET1 shortfall would have been only around $9 billion.
- The authorities put UBS Group’s possible future CET1 ratio at 15.5% on a pro forma basis.
- The Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority (FINMA) support the proposed solution.
- UBS’s own estimate of around $33 billion in incremental CET1, which applies if the Council of States decision is confirmed, is about 4.2 times its 2025 net profit of $7,767 million.
| Measure | Additional CET1 ($ billions) | Estimate by |
|---|---|---|
| Existing requirement after the Credit Suisse acquisition | around 15 | UBS |
| Ordinance-level measures announced in 2026 | about 2 | UBS |
| 90% CET1 backing of foreign participations | approximately 16 | UBS |
| Total incremental CET1 since the acquisition, if confirmed | around 33 | UBS |
| Full CET1 backing, strengthening of the parent bank | approximately 20 | Swiss authorities |
| Actual shortfall had the rules applied January 1, 2026 | around 9 | Swiss authorities |
Source: UBS statement, September 2026; Swiss Federal Council, April 2026
Why it matters: UBS estimates around $33 billion of incremental CET1 since the Credit Suisse acquisition if the Council of States decision is confirmed. Its estimated annual cost of around $2.5 billion equals about 32.2% of 2025 net profit. The National Council considers the proposal next.
Credit Suisse Integration Statistics
- UBS completed the global migration of former Credit Suisse client accounts in March 2026.
- UBS delivered $1.1 billion of gross cost reductions in 2Q26 and targets about $13.5 billion by the end of 2026.
- UBS migrated about 85% of some 1.1 million client accounts booked in Switzerland in 2025.
- By its fourth-quarter 2025 report, UBS had retired 1,598 applications, or 55% of those in scope, and switched off 71,000 servers.
- Three data center exits in 4Q25 brought the total to 10.
| Milestone | Figure | Reported |
|---|---|---|
| Cumulative gross cost savings | $10.7 billion | Q4 2025 |
| Cumulative gross cost savings | $12.6 billion | Q2 2026 |
| Gross cost savings ambition | ~$13.5 billion | by end of 2026 |
| Legacy applications retired | 1,598 (55%) | Q4 2025 |
| Legacy applications no longer in use | more than 90% | Q2 2026 |
| Legacy applications fully decommissioned | around 70% | Q2 2026 |
| Servers switched off | 71,000 | Q4 2025 |
| Data center exits | 10 | Q4 2025 |
Source: UBS Group 4Q25 and 2Q26 media releases, 2026
UBS Employees, AI and Technology
- At June 30, 2026, internal personnel stood at 99,085 full-time equivalents, down from 105,132 a year earlier.
- Internal personnel was 112,842 full-time equivalents at the end of 2023; staff fell 12.2% to mid-2026.
- Invested assets per internal full-time equivalent were $73.9 million at June 30, 2026, against $50.6 million at the end of 2023.
- UBS had 560 live AI use cases in production, a 92% increase year over year, with 920+ more in development.
- Around 18,000 UBS software developers use AI across the software development lifecycle.
- UBS is building capabilities for tokenized real-world assets and digital money.
- UBS executed its first cross-border stablecoin-based payments for corporate clients, and it joined a Swiss franc stablecoin test initiative in April 2026.
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Why are so many people leaving UBS?
UBS’s internal staff fell from 112,842 full-time equivalents at the end of 2023 to 99,085 at June 30, 2026. Cumulative gross cost savings since the end of 2022 reached $12.6 billion. The staff decline coincides with that Credit Suisse cost program, while fewer staff now run a larger pool of invested assets.
UBS Market Value, Dividends and Buybacks
- At June 30, 2026, market capitalization was $162,373 million, against $113,036 million a year earlier.
- That was a rise of 43.6% in 12 months.
- The board proposed a 2025 dividend of $1.10 per share; UBS completed $3 billion of share repurchases in 4Q25.
- UBS is continuing a repurchase program of $3 billion of shares, to be completed by the end of the second quarter of 2027 at the latest.
- Tangible book value per share was $26.89 at June 30, 2026.
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What is UBS in the share market?
UBS Group AG shares trade on SIX in Switzerland and on the New York Stock Exchange, where the 2025 dividend was scheduled to go ex-dividend in April 2026, subject to AGM approval. At June 30, 2026, its market capitalization was $162,373 million.
Conclusion
UBS ended its latest reported quarter with a record $7.3 trillion of Group invested assets and $2.8 billion of quarterly net profit. Fewer staff now manage more assets, and the Credit Suisse integration is in its final phase.
Capital is the open variable, and the National Council votes next on the stricter backing rule. UBS estimates a total of around $33 billion of incremental CET1 capital since the Credit Suisse acquisition if the Council of States decision is confirmed. Its estimated annual cost is separate, at around $2.5 billion.






























































