Financial data shows that UBS Group AG reported a 2026 first-half revenue of $279.43 billion, a year-on-year increase of over 13%, and net profit exceeding $58 billion, up more than 42% from the same period last year.

On July 29, 2026, UBS Group AG released its 2026 half-year report, with key operating indicators showing steady growth. The financial data reveals that UBS Group AG's 2026 first-half revenue was $279.43 billion, a year-on-year increase of over 13%, and net profit exceeded $58 billion, up more than 42%. Net interest income saw robust growth, rising over 30% year-on-year, while non-interest income accounted for over 80% of total revenue, increasing by more than 10% year-on-year. In terms of asset quality, UBS Group AG's ratio of assets with credit impairments rose slightly by 0.1 percentage points year-on-year in the first half of 2026, while the bank significantly reduced its credit loss provisions by over 27% year-on-year.

Benefiting from the strong capital market bull run since 2026, UBS Group AG's global wealth management and investment banking segments performed particularly well. The global wealth management segment's reported pre-tax profit accounted for nearly 50% of the total, making it the largest contributor among all segments. The investment banking segment's reported pre-tax profit surged 84% year-on-year, the highest growth rate among all segments. Meanwhile, UBS Group AG expects to complete the integration of Credit Suisse by the end of 2026. In June 2023, UBS Group AG completed the acquisition of Credit Suisse, which will now operate as part of the merged banking group. UBS Group AG CEO Sergio P. Ermotti stated that the acquisition of Credit Suisse was not a gift but a result that required everyone's full effort to achieve, and these efforts are now paying off.

Wealth Management Contributes Nearly 50% of Profit

Financial data shows that UBS Group AG's reported revenue for the first half of 2026 was $279.43 billion, up over 13% year-on-year, with net profit exceeding $58 billion, up more than 42%. In the first half of 2026, UBS Group AG's net interest income was $47.18 billion, accounting for less than 20% of total revenue, rising over 30% year-on-year. Non-interest income reached $232.25 billion, representing over 80% of total revenue, up more than 10% year-on-year. The global wealth management and investment banking segments were particularly strong. The global wealth management segment's reported pre-tax profit was $36.75 billion, up 43% year-on-year, accounting for nearly 50% of total reported pre-tax profit, making it the largest contributor. The investment banking segment's reported pre-tax profit grew 84% year-on-year, the fastest growth rate. Additionally, the asset management and personal & corporate banking segments both saw double-digit pre-tax profit growth, rising over 48% and 45% year-on-year, respectively.

Hu Jie, a professor at the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University and a former senior economist at the Federal Reserve, noted that the bull market since 2026 has driven active trading volumes and substantial fees, while market activity has also significantly boosted management fees for wealth management. Furthermore, initial public offerings (IPOs), mergers and acquisitions, and other investment banking activities are key sources of non-interest income. A July 2026 report from PwC showed that IPO fundraising in the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions totaled approximately $179 billion in the first half of 2026, up over 200% year-on-year. In stock markets, despite first-quarter volatility, global equities rebounded strongly in the second quarter, offsetting the sell-off triggered by Middle East developments, with most major indices posting gains in the first half. The S&P 500 rose 10%, hitting a new all-time high in early June, supported by strong corporate earnings and tech sector gains. The MSCI World Index followed with a 9% return. The Euro Stoxx 600 rose 8%, reaching a record high in June, while the FTSE 100 gained 6%. The AI narrative has been a major driver of this capital market bull run. According to Goldman Sachs estimates from June 26, 2026, AI infrastructure companies contributed nearly 60% to the overall earnings growth of the S&P 500 in the second quarter of 2026. Micron Technology and Nvidia alone are expected to account for over 40% of the index's earnings growth during the period, with Broadcom, Microsoft, Alphabet, and Apple as other major contributors.

In terms of asset quality, UBS Group AG's ratio of assets with credit impairments was 1% in the first half of 2026, up slightly by 0.1 percentage points year-on-year. Credit loss provisions were $191 million, down over 27% year-on-year. Looking ahead, Hu Jie stated that UBS Group AG's future performance largely depends on the progression of the current capital market bull run, particularly the market activity driven by the AI narrative. If the AI story continues, the bank's performance is expected to remain strong; if the AI trend reverses, UBS Group AG's results will be impacted accordingly.

Completing Credit Suisse Integration by End of 2026?

In its financial report, UBS Group AG stated that it expects to substantially complete the integration of Credit Suisse by the end of 2026. Credit Suisse was designated as one of the 2022 global systemically important banks by the Financial Stability Board (FSB) in November 2022, at a time when it was mired in scandals and massive losses. Credit Suisse's first-quarter 2023 report showed it still faced CHF 61.2 billion in outflows, down from CHF 110.5 billion in the fourth quarter of 2022, but the situation had not turned around. Credit Suisse's fourth-quarter 2022 data reported a loss of CHF 7.3 billion, its worst annual loss since 2008 and its second consecutive year of losses. In June 2023, UBS Group AG completed the acquisition of Credit Suisse, which was integrated into the combined banking group. Subsequently, Credit Suisse's American Depositary Shares (ADS) were delisted from the New York Stock Exchange. Ermotti emphasized that the acquisition of Credit Suisse was not a gift but a result requiring full effort from everyone, and these efforts are now yielding results. According to UBS Group AG's 2026 half-year report, as of the end of June 2026, the bank managed over $7.3 trillion in investable assets, up more than 10% year-on-year. In comparison, the 2022 annual report showed investable assets of $3.957 trillion as of the end of 2022. The size at the end of June 2026 was nearly double that of the end of 2022. Based on UBS Group AG's 2026 half-year report and its second-quarter 2022 financial data, the global wealth management business's reported revenue and pre-tax profit at the end of June 2026 were nearly 1.5 times the amounts from the same period in 2022. The report also shows that UBS Group AG completed the global migration of former Credit Suisse client accounts to UBS infrastructure in March 2026, entering the final phase of integration. UBS Group AG stated that it achieved an additional $1.1 billion in total cost savings in the second quarter of 2026, bringing the cumulative total cost savings since the end of 2022 to $12.6 billion. This is over 90% of its total cost savings target, with the goal of reaching approximately $13.5 billion in savings by the end of 2026. Additionally, as of June 30, 2026, over 90% of former Credit Suisse IT applications targeted for decommissioning were no longer in use, and about 70% of such applications have been completely retired.