The online bank Swissquote posted net profit of 153,6 million francs in the first half of the year, down 2,9 percent from the first six months of 2025. In its statement on Thursday, Swissquote itself spoke of «continued client growth and robust profitability in a challenging macroeconomic environment».
The commission business performed well, with net commission income rising 13 percent to 123,7 million francs. Trading activities also delivered a strong result, increasing 15,8 percent to 64,4 million francs. Net interest income came in at 115,9 million francs, up a solid 7,2 percent year on year.
Write-Down on Crypto Holdings
By contrast, Swissquote said the crypto business was negatively affected by «persistent risk aversion, declining prices and weaker client participation». Net crypto income plunged 66,2 percent to just 14,6 million francs. This figure includes a write-down of 5,3 million francs on the bank’s own crypto holdings.
The slight 1,7 percent increase in net revenue to 364,2 million francs was more than offset by costs, which rose 4,6 percent to 181,3 million francs. Swissquote attributed part of the increase in costs to the full consolidation of Yuh. The workforce grew by 13,7 percent year on year to 1,511 full-time positions.
