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UBS Group AG (UBS) earnings and revenue breakdown

Latest: H1 2026 · 6-K filed Jul 29, 2026 · UBS Group AG (UBS) H1 2026 earnings results →

H1 2026 Revenue up 13% year over year to $27.9B · 21¢ of every $1 of revenue kept as net profit · operating margin 26.6%

UBS Group AG made $27.9B in H1 2026 (+13% Y/Y). Operating margin 26.6%, net earnings $5.9B. See where every dollar goes — costs, profit and cash — as a Sankey from the 6-K filed Jul 29, 2026.

Revenue$27.9B
Year over year+13%
Operating margin26.6%
Net earnings$5.9B
Operating cash flow$8.1B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $27.9B in H1 2026, up 13% year over year.

Operating profit was $7.4B, a 26.6% margin (up 9.1 points year over year). Of the extra revenue versus a year earlier, 95% reached operating profit, above the 18% margin then. Total costs grew 1% against revenue growth of 13%. Net earnings were $5.8B, up 43% year over year. The effective tax rate was 21.1%.

Operating cash flow was $8.1B (down 61% year over year), 137% of net earnings. Working capital and other items added $2.2B.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
H1 20266-KJul 29, 2026$27.9B+13%26.6%$5.9B$8.1B

Charts

UBS Group AG: where the cash came from (+) and went (−), FY2025UBS Group AG: where the cash came from (+) and went (−), FY2025Other financing−$28.0BOther investing−$22.8BOperating cash flow$21.9BExchange rates$19.1BCash drawn (+) / kept (−)$12.7BDividends−$2.9B
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
UBS Group AG: profit against cash, quarter by quarterUBS Group AG: profit against cash, quarter by quarterNet incomeOperating cash flow$2.1BQ1 2022$2.1BQ2 2022$1.0BQ1 2023$27.3BQ2 2023$1.8BQ1 2024$1.2BQ2 2024$1.7BQ1 2025$2.4BQ2 2025
Latest (Q2 2025): Net income $2.4B, Operating cash flow —.
UBS Group AG in its industry: growth against margin (69 companies, SIC 6021)UBS Group AG in its industry: growth against margin (69 companies, SIC 6021)revenue growth, year over year →↑ operating marginmedian +8%median 36%JPMBACCWFCCOFUSBPNCTFCHBANKEYPNFPHSBC USA IncZIONUMBFWebster Financial CorpONBCFRVLYBOKFBANCFNBFHNFULTWSFSFFBCWSBCCBUPRKTRMKWAFDFRMENBTBCASHBANFOCFCNWBITBBKNICHOPEFCFDCOMNBHCBHRBAMTBWBHCCHCOALRSHAFCNEWTCACCBNKBFCFMCBWABCSHBIPFISCAREBCALSFSTMRBKFDBCFNLCFUNCLCNBATLOCFBKASRVNKSHUBS (+13%, 27%)
National Commercial Banks; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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UBS Group AG against its National Commercial Banks peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +8%. Operating margin: 26.6% against the peers' median 30.6%.

CompanyQuarterRevenueY/YOp. margin
UBS UBS Group AGH1 2026$27.9B+13%26.6%
JPM JPMorgan ChaseQ3 2026$50.2B+8%40.1%
BAC Bank of AmericaQ3 2026$30.0B+3%29.9%
C CitigroupQ3 2026$23.8B+8%30.6%
WFC Wells FargoQ3 2026$21.9B+2%32.5%
COF Capital One FinancialQ3 2026$16.3B+6%28.0%
USB US BancorpQ3 2026$8.0B+9%35.1%
PNC PNC Financial Services GroupQ3 2026$6.6B+11%40.0%
TFC Truist FinancialQ3 2026$3.7B-28%23.9%

Source: UBS Group AG 6-K on SEC EDGAR · CIK 1610520 · National Commercial Banks

More on UBS

History

Every quarter: H1 2026 results

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