UBS Group AG reported a net profit attributable to shareholders of $3 billion for the first quarter of 2026, an 80% increase compared to the same period last year, according to the bank's earnings release on April 29, 2026. The result surpassed the $2.8 billion consensus estimate compiled by LSEG.
The Swiss banking giant attributed the strong performance to higher revenue in its wealth management and investment banking divisions, as well as continued cost discipline following its integration of Credit Suisse. Revenue rose 12% year-on-year to $12.5 billion, driven by net interest income and fee income.
UBS also reported a return on tangible equity (RoTE) of 18.2%, up from 10.5% a year earlier, and maintained its common equity tier 1 (CET1) ratio at 14.3%, well above regulatory requirements. The bank's cost-to-income ratio improved to 72% from 78% in Q1 2025.
CEO Sergio Ermotti said the results reflect the bank's successful execution of its strategy and the benefits of its scale in global wealth management. UBS confirmed its outlook for the full year, expecting continued growth in client assets and net new money inflows.
