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Switzerland's largest bank, providing global wealth management, investment banking, and asset management, after acquiring Credit Suisse.
Switzerland's largest bank, providing global wealth management, investment banking, and asset management, after acquiring Credit Suisse.
Earns mostly from fees on money it manages for wealthy clients plus interest on their loans and deposits, with a smaller investment bank. It absorbed Credit Suisse in 2023 in a deal brokered by the Swiss government, and is still merging the two banks' clients and systems while Swiss regulators press for higher capital.
In one line: A Swiss Morgan Stanley/Merrill Lynch wealth-management giant.
Moat: narrow (scale, brand, switching costs). World's largest wealth manager by assets after absorbing Credit Suisse, with deep private-banking relationships.
Headquarters: Zurich, Switzerland · Founded: 1862 · Employees: 103,177
Size UBS (UBSG.SW) is a Switzerland Financials company (Investment Managers) with a market value of $148B, the 4th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 39.54 on 6 Nov 2026.
Performance Over six months the shares gained 13.4%, against -1.3% for the median peer and +11.6% for the Switzerland market (cap-weighted) — highest of 11 in its peer set.
Growth Revenue fell 5.4% over the last twelve months (peer median +9.8%); the operating margin is 23.1% (peer median 34.4%).
Valuation It trades at 13.2× forward earnings against a peer median of 13.5× (5th cheapest of 11).
Credit UBS has 51 bonds outstanding ($54.1B), rated A- by the agencies and trading like A- at a weighted spread of 90 bp.
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 64.2B | CHF 65.6B | CHF 76.5B | CHF 64.3B | CHF 32.8B |
| Revenue growth | — | -14% | +19% | +96% | — |
| Net income | CHF 7.74B | CHF 6.45B | CHF 4.48B | CHF 24.6B | CHF 7.29B |
| Free cash flow | n/a | -CHF 15.6B | CHF 7.98B | CHF 39.2B | CHF 1.08B |
| Capital expenditure | n/a | CHF 1.96B | CHF 1.77B | CHF 1.51B | CHF 1.57B |
| Total debt | CHF 309B | CHF 301B | CHF 341B | CHF 396B | CHF 193B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| UBS UBSG.SW | $148B | +13% | -5% | 23% | 13.2× | n/a |
| Morgan Stanley MS | $285B | -6% | +16% | 33% | 13.6× | n/a |
| Julius Baer Gruppe BAER.SW | $17.1B | +2% | 0% | 30% | 11.3× | n/a |
| Deutsche Bank Aktiengesellschaft DBK.DE | $65.0B | +15% | 0% | 30% | 9.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UBSG.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.8% | +6.9% | 5th lowest of 11 |
| 6-month return | +13.4% | -1.3% | highest of 11 |
| Distance from 52-week high | -12.2% | -20.8% | 3rd highest of 11 |
| Revenue growth (TTM) | -5.4% | +9.8% | 2nd lowest of 11 |
| Operating margin | 23.1% | 34.4% | 2nd lowest of 11 |
| Forward P/E | 13.2× | 13.5× | 5th cheapest of 11 |
| Bond spread | 90 bp | 106 bp | 4th tightest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| UBS UBSG.SW | Switzerland | $148B | +13% | -5% | 23% | 13.2× | n/a | n/a |
| Blackstone BX | United States | $149B | -3% | +9% | 57% | 18.1× | n/a | n/a |
| BlackRock BLK | United States | $192B | +9% | +24% | 36% | 18.9× | n/a | n/a |
| Brookfield BN.TO | Canada | $102B | -8% | +1% | 25% | 13.5× | n/a | n/a |
| Brookfield Asset Management BAM | United States | $86.7B | +6% | +120% | 62% | 26.6× | n/a | n/a |
| KKR & KKR | United States | $86.6B | -6% | +32% | 23% | 11.4× | n/a | n/a |
| Morgan Stanley MS | United States | $285B | -6% | +16% | 33% | 13.6× | n/a | n/a |
| Apollo Global Management APO | United States | $68.9B | -12% | +11% | 11% | 11.5× | n/a | n/a |
| Ameriprise Financial AMP | United States | $43.5B | +8% | +9% | 28% | 10.0× | n/a | n/a |
| Guotai Haitong Securities 601211.SS | China | $40.4B | +2% | +3% | 44% | 8.9× | n/a | n/a |
| Eqt EQT.ST | Sweden | $39.2B | +1% | -18% | 59% | 22.6× | n/a | n/a |
UBS has 51 bonds outstanding with $54.1B face value. The agencies rate it A-; its bonds trade like A-. Weighted yield 4.07%, a spread of 90 bp over government bonds.