Swissquote Reports Record Operating Revenues of CHF 479.6 Million in 2021

Swissquote, Switzerland's leading bank in online financial services, has released its financial report for the year ended 31 December 2021, confirming a record year and strong customer growth.

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Thanks to strong growth dynamics on the client side, Swissquote's communicated medium-term profit targets set initially for 2024 were already reached by the end of 2021. Operating revenues increased by 49 percent year-on-year to CHF 479.6 million, while pre-tax profit reached a record high of CHF 223.3 million (target for 2024 was CHF 200 million), an increase of 111.4 percent. Profitability, with a pre-tax profit margin of 47.3 percent, increased strongly thanks to higher trading volumes and more customer accounts (+77,599).

With organic net new money inflow hitting a record high of CHF 9.6 billion, client assets grew to CHF 55.9 billion. The Board of Directors will propose to the Annual General Meeting that the dividend be increased by 46.7 percent from CHF 1.50 to CHF 2.20 per share.

Net new money inflow at Swissquote continued to increase to CHF 9.6 billion in 2021 (CHF 5.3 billion). This trend is attributable to Swissquote's international expansion (52% of the net new monies were related to customers resident abroad), as well as the unique positioning of Swissquote for mass affluent customers.

Client assets rose by 40.5 percent to CHF 55.9 billion (CHF 39.8 billion) thanks to net new money inflow, but also to the positive market environment. Per customer, this equates to a healthy average deposit in excess of CHF 110,000. The total number of accounts reached 487,847 (+18.9 percent) by the end of 2021.