SIX$UBS
UBS Group AG · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
UBS Q1 2026: $13.6B revenue (+18%), $3.0B net profit, 17% return on CET1 capital
UBS Group delivered strong first-quarter 2026 results with reported net profit of $3.0 billion and diluted earnings per share of $0.94. Revenues rose 18% to $13.6 billion across core franchises, while the cost-income ratio improved to 70.2% on positive operating leverage. Underlying pre-tax profit was $4.0 billion, up 54% year on year, with a 17% return on CET1 capital. Global Wealth Management pre-tax profit grew 28% to nearly $2 billion, the Investment Bank posted record Q1 pre-tax profit of $1.2 billion (up 75%), and the Credit Suisse client migration to UBS platforms was completed in March.
- Reported net profit was $3.0 billion with EPS of $0.94; underlying pre-tax profit of $4.0 billion rose 54% YoY.
- Revenues increased 18% to $13.6 billion; cost-income ratio improved to 70.2% with 11 points of positive operating leverage.
- Global Wealth Management pre-tax profit grew 28% to nearly $2 billion; net new assets totaled $37 billion (3% annualized).
- Investment Bank delivered record Q1 pre-tax profit of $1.2 billion, up 75%, with revenues up 31% to $4.0 billion.
- CET1 capital ratio was 14.7%; UBS expects to complete its $3 billion share repurchase program by July 2026.
Headline financials
Revenue & EPS history
UBS · Revenue · Quarterly
$13.6B
Revenue by segment
UBS · $4B total across 1 segment · Q1 2026
- Investment Bank$4B—100.0%
Forward guidance
UBS expects to complete its $3 billion share repurchase by July 2026, maintain CET1 around 14% at year-end, and achieve ~$13.5 billion in gross cost saves by year-end 2026.
Tailwinds
- Credit Suisse client migration completed; integration substantially complete by year-end
- Strong momentum in Asia-Pacific GWM and record Investment Bank Q1 performance
Headwinds
- Swiss proposed capital measures could require ~$22 billion additional CET1
- Integration costs expected at ~$700 million in Q2 before tapering
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+0.1%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+1.7%
Avg return
30 days after
58%
34 / 59 earnings
Positive
+12.4%
Q1 2020
Best reaction
-15.7%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.9% | +3.2% | — | |
| Q4 2024 | -6.7% | -4.4% | -5.3% | |
| Q3 2024 | -6.5% | -5.5% | -1.5% | |
| Q1 2024 | +4.5% | +7.6% | +14.8% | |
| Q3 2023 | +1.8% | +0.8% | +15.7% | |
| Q2 2023 | +4.2% | +4.4% | -2.5% | |
| Q1 2023 | -2.9% | -1.5% | -4.7% | |
| Q4 2022 | +2.0% | +2.0% | +0.8% | |
| Q3 2022 | +6.5% | +6.4% | +21.6% | |
| Q2 2022 | -8.6% | -3.2% | -4.3% | |
| Q1 2022 | -0.5% | -2.9% | +9.1% | |
| Q4 2021 | +10.0% | +9.3% | -8.8% | |
| Q3 2021 | +1.5% | +2.1% | -0.6% | |
| Q2 2021 | +8.7% | +9.6% | +14.0% | |
| Q1 2021 | +1.1% | -0.6% | +5.5% | |
| Q4 2020 | +0.2% | -1.0% | +8.7% | |
| Q3 2020 | +4.0% | +5.9% | +23.1% | |
| Q2 2020 | +2.8% | +1.2% | +0.1% | |
| Q1 2020 | +12.4% | +6.2% | +9.9% | |
| Q4 2019 | -2.4% | -3.7% | +1.0% | |
| Q3 2019 | +0.9% | +2.0% | +4.6% | |
| Q2 2019 | -2.2% | -6.0% | -12.2% | |
| Q1 2019 | +0.9% | +2.1% | -9.6% | |
| Q4 2018 | -4.1% | -3.7% | -9.4% | |
| Q3 2018 | -0.1% | +3.4% | +1.9% | |
| Q2 2018 | +3.5% | +4.0% | -0.1% | |
| Q1 2018 | -4.4% | -4.7% | -8.5% | |
| Q4 2017 | +1.4% | +3.6% | -4.6% | |
| Q3 2017 | -1.2% | -1.3% | +0.8% | |
| Q2 2017 | -3.1% | -2.7% | -6.5% | |
| Q1 2017 | +2.4% | +4.0% | -3.0% | |
| Q4 2016 | -3.7% | -5.1% | -9.4% | |
| Q3 2016 | +0.6% | -1.5% | +12.8% | |
| Q2 2016 | -0.5% | -3.2% | +3.5% | |
| Q1 2016 | -8.9% | — | — | |
| Q4 2015 | -6.5% | — | — | |
| Q3 2015 | -5.6% | — | — | |
| Q2 2015 | +3.8% | — | — | |
| Q1 2015 | +3.2% | — | — | |
| Q4 2014 | -1.0% | — | — | |
| Q3 2014 | -1.1% | — | — | |
| Q2 2014 | +1.0% | — | — | |
| Q1 2014 | +4.4% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | +0.1% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | -1.1% | — | — | |
| Q4 2012 | +4.8% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2011 | +4.6% | — | — | |
| Q3 2011 | -15.7% | — | — | |
| Q2 2011 | +3.1% | — | — | |
| Q1 2011 | -1.2% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q3 2010 | -1.8% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q1 2010 | +3.8% | — | — |
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