Swissquote Sees 2022 Results in Line with Its Expectations, Profit Exceeds CHF 185 Million

Swissquote, Switzerland's market leader in online banking, today released an update on trading for the year ended 31 December 2022. The company reported that the results for the period are in line with its guidance.

The net revenues of the broker for the year came in at above CHF 400 million. In addition, the Switzerland-headquartered company generated a pre-tax profit at least CHF 185 million for the year. As of 31 December 2022, client assets reached CHF 52.2 billion. Part of the negative market impact could be compensated by strong net new monies of CHF 7.7 billion in 2022.

"The diversified sources of revenues and a higher share of non-transaction based revenues have enabled Swissquote to navigate safely in a difficult market environment," the broker said.

For the first half of 2022, Swissquote achieves a 24.4 percent year-on-year drop in net revenue ​with a total of CHF 200.0 million, from CHF 264.4 million in the prior year. The total half-yearly operating revenue reached CHF 204.8 million, a decrease of 23.1 percent compared with the previous year's CHF 266.4 million. The pre-tax profit of the online trading giant decreased by 32.7 percent to CHF 90.7 million.