UBS internet revenue attributable to shareholders surged 80% year-on-year to $3.04bn within the first quarter of 2026, pushed by good points throughout all core segments.
The Swiss group’s revenues rose 13% to $14.2bn.
Inside international wealth administration (GWM), internet new belongings totalled $37.4bn within the quarter, equal to a 3.1% annualised progress fee, with inflows reported throughout all areas.
GWM whole revenues climbed by $684m, or 11%, to $7.1bn, reflecting larger recurring internet payment revenue, transaction-based revenue and internet curiosity revenue.
Invested belongings fell by $85bn from the earlier quarter to $4.66tn, whereas internet new belongings had been $37.4bn.
In Private & Company Banking (P&C), whole revenues elevated by SFr40m, or 2%, to SFr 2.02bn, primarily because of larger different revenues and transaction-based revenue, partly offset by decrease internet curiosity revenue.
Asset Administration (AM) revenues rose by $31m, or 4%, to $772m, primarily pushed by larger internet administration charges and partly offset by decrease efficiency charges.
Invested belongings declined by $34bn sequentially to $2.06tn.
Web new cash was $14bn, and $13.8bn excluding cash market flows and associates.
Funding Financial institution (IB) revenues elevated by $871m, or 27%, to $4.05bn, primarily because of larger revenues in International Markets and International Banking, partly offset by a $70m lower in PPA results, and together with constructive international foreign money results.
UBS Group CEO Sergio Ermotti mentioned: “Within the first quarter we continued serving to shoppers navigate a risky and unpredictable geopolitical and market surroundings, leveraging the energy and breadth of our international, diversified franchise. We delivered glorious monetary outcomes and stay on observe to ship on our monetary goals for 2026.”
UBS additionally reported that the switch of the ultimate Swiss-booked consumer accounts onto UBS infrastructure in March accomplished the migration of round 1.2 million shoppers globally.
Ermotti added: “Having now efficiently transferred all consumer accounts in Switzerland, we achieved one other essential milestone in one of the crucial advanced integrations in banking historical past. We’re assured in considerably finishing the combination by year-end, positioning us for additional sustainable progress.”
Just lately, Switzerland has softened components of its deliberate capital package deal for UBS, however nonetheless signifies the financial institution would wish to construct roughly $20bn in additional buffers to assist forestall a repeat of the failures that introduced down Credit score Suisse.
Reacting to the proposal, UBS mentioned it “strongly” disagrees with the package deal, describing it as “excessive”, missing worldwide alignment and as one which “disregards considerations” raised by most session respondents.
