Swissquote Reports Sixth Straight Record Half-Year

Swissquote Group Holding SA has achieved record revenue and net profit for the first half of 2025, marking its sixth consecutive half-year of breaking previous highs. The Swiss-based online banking and trading provider posted CHF 358.2 million ($445 million) in revenue, a 4% increase from the second half of 2024. Net profit climbed 6% to CHF 158.2 million ($196 million).

The company credited its performance to a 46.4% jump in trading income, boosted by foreign-currency trading activity, and a 22.7% rise in crypto asset income to CHF 43.1 million, which now accounts for 12% of total revenue. Higher crypto volumes and a stable net interest income, supported by a 27.7% increase in total assets, offset a decline in eForex income caused by changes in margin requirements during market volatility.

Swissquote ramped up investment during the period, expanding its technology team by 50 full-time staff and international operations by 30. Total headcount reached 1,329, with 60 temporary roles to meet seasonal demand. Marketing expenses rose 22.1% year-on-year, while other operating costs grew 22.3%, partly due to higher provisions. Depreciation also rose by 10.3% from past and ongoing capital expenditure.

Client assets reached CHF 80.4 billion, up 18.1% over the past year, with net new money of CHF 5.2 billion - a record for the company. The number of accounts increased by more than 58,000 in six months, bringing the total to 708,393. Trading volumes averaged $105 billion per month, down from $118 billion in the prior half-year, while monthly crypto volumes fell to CHF 1.18 billion from CHF 1.53 billion.

In July, Swissquote took full control of Yuh, previously a joint venture with Postfinance, pushing its total account base above one million. The company has raised its full-year 2025 guidance, now targeting CHF 700 million in revenue and CHF 365 million in pre-tax profit, up from its initial forecast of CHF 675 million and CHF 355 million respectively.