Swissquote Sets Sixth Consecutive Record in H1 2025) Results

Swissquote has announced its financial results for the first half (H1) of 2025, reporting record-breaking revenue and net profit for a six-month period – marking the sixth consecutive time it has achieved such a feat.

Revenues rose to CHF 358.2 million (USD $445 million), up 4% from CHF 344.0 million in the second half of 2024. Net profit climbed 6% to CHF 158.2 million ($196 million) from CHF 149.6 million in 2H 2024.

Swissquote Sets Sixth Consecutive Record in First-Half (H1 2025) Results

Trading income surged 46.4%, fueled by higher foreign-currency-denominated trading. Crypto asset income grew 22.7% to CHF 43.1 million, driven by a 16.2% rise in crypto volumes. Net interest income dipped 1.5% year-over-year, but gains in customer deposits helped offset lower rates. Net eForex income fell 11.3% to CHF 41.8 million due to margin requirement changes during volatile markets.

To support growth, Swissquote boosted spending, expanding technology teams by 50 FTEs and international operations by 30 FTEs. Total expenses rose 17.9% to CHF 173.5 million, driven by a 17.1% increase in payroll, seasonal marketing costs (+22.1%), higher provisions (+22.3%), and increased depreciation (+10.3%). The group employed 1,329 FTEs plus 60 temporary staff at the end of June.

Pre-tax profit hit CHF 185.2 million, up 9.1% year-on-year, with a margin of 51.7%. Net profit reached CHF 158.2 million, representing a 44.2% margin.

Swissquote saw unprecedented inflows, with client assets reaching CHF 80.4 billion, up 18.1% year-on-year. Net new monies totaled CHF 5.2 billion, while account numbers grew by 58,304 to 708,393, a 16% annual rise. Monthly trading volumes averaged $105 billion, down from $118 billion in 2H 2024, while crypto volumes fell to CHF 1.18 billion from CHF 1.53 billion.

In July, Swissquote acquired full ownership of Yuh, expanding its client base to over 1 million accounts. For 2025, it now expects net revenues of around CHF 700 million (up from CHF 675 million) and pre-tax profit of CHF 365 million (previously CHF 355 million).

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