UBS Group (UBS) Company Report

The document provides information on UBS Group AG's consolidated capital instruments and TLAC-eligible senior unsecured debt as of September 30, 2025, under the Swiss systemically relevant bank (SRB) framework.
As of September 30, 2025, the total high-trigger loss-absorbing additional tier 1 capital for UBS Group AG was $20,296 million.
The total TLAC-eligible senior unsecured debt for UBS Group AG amounted to $104,379 million as of September 30, 2025.
Total Tier 2 capital was reported as $0 million as of September 30, 2025.

Oct 29, 2025, 11:21 AM

6-K

UBS Reports Strong Q3 2025 Results and Advances Strategic Initiatives

UBS

Earnings

Legal Proceedings

Share Buyback

UBS reported a strong third quarter 2025, with net profit of $2.5 billion, an increase of 74%, and earnings per share of $0.76. The underlying pre-tax profit was $3.6 billion, up 50% on 5% revenue growth, and the return on CET1 capital was 16.3%, which included $668 million in net litigation reserve releases.
The company achieved $10 billion in cumulative gross run-rate cost saves, reaching this milestone one quarter ahead of schedule. Technology is expected to contribute close to 40% of the remaining $3 billion in gross run-rate cost saves anticipated over 2026.
UBS's capital position remains robust, with a CET1 capital ratio of 14.8% and a CET1 leverage ratio of 4.6%, both above target levels. The company expects to accrue for share repurchases to be executed during 2026.
Divisional performance highlights include the Investment Bank's pre-tax profit more than doubling to $787 million , Asset Management's invested assets surpassing $2 trillion for the first time , and Global Wealth Management's pre-tax profit (excluding litigation) increasing 21% year-over-year.
Strategic advancements include filing an application for a national bank charter in the U.S., with approval expected in 2026 , and the ongoing Swiss platform migration, which has involved migrating 40 PB of data and 700,000 clients. UBS also intends to appeal the AT1 ruling alongside FINMA to safeguard the credibility of AT1 instruments.

Oct 29, 2025, 8:00 AM

Transcript

UBS Announces Strong Q3 2025 Results and Integration Progress

UBS

Earnings

Share Buyback

Legal Proceedings

UBS reported a net profit of $2.5 billion, earnings per share of $0.76, and an underlying pre-tax profit of $3.6 billion for Q3 2025, achieving a return on CET1 capital of 16.3%.
The company made significant progress on its integration efforts, with over two-thirds of clients' accounts in Switzerland migrated onto UBS platforms and Asset Management integration substantially completed. UBS also achieved $900 million of incremental gross run-rate cost saves in Q3, reaching a cumulative total of $10 billion one quarter ahead of schedule.
UBS maintains a strong capital position with a CET1 capital ratio of 14.8% and a CET1 leverage ratio of 4.6% at the end of September, both exceeding target levels. The company plans to accrue for intended share repurchases in 2026 and the full-year 2025 dividend in Q4.
Global Wealth Management delivered a pre-tax profit of $1.8 billion (or $1.6 billion excluding litigation) , driven by strong asset flows, particularly in APAC, while the Investment Bank reported a pre-tax profit of $787 million, more than double year-on-year. Significant legacy litigation related to Credit Suisse's RMBS matter and UBS's legacy cross-border matter in France were also resolved.

Oct 29, 2025, 8:00 AM

Transcript

UBS Reports Strong Q3 2025 Results with Significant Profit Growth and Integration Progress

UBS

Earnings

Guidance Update

Legal Proceedings

UBS reported a net profit of $2.5 billion, an increase of 74%, and an underlying pre-tax profit of $3.6 billion, up 50% on 5% revenue growth for Q3 2025, with earnings per share of $0.76.
The company achieved $900 million in incremental gross run-rate cost saves in Q3 2025, bringing the cumulative total to $10 billion, which is one quarter ahead of schedule.
Invested assets across the group reached nearly $7 trillion, with Asset Management surpassing $2 trillion and APAC's asset-gathering businesses exceeding $1 trillion.
UBS resolved significant legacy litigation related to Credit Suisse's RMBS matter and UBS's legacy cross-border matter in France, resulting in $668 million in net litigation reserve releases. The company maintained strong capital with a CET1 capital ratio of 14.8% and a CET1 leverage ratio of 4.6%.
Integration efforts are substantially complete for Asset Management and personal banking clients in Switzerland, with over 700,000 client accounts migrated to UBS platforms. UBS also filed an application for a national bank charter in the U.S., with approval expected in 2026.

Oct 29, 2025, 8:00 AM

Transcript

UBS Group AG Opposes Proposed Capital Adequacy Ordinance Measures

UBS

Accounting Changes

UBS Group AG has expressed strong opposition to proposed Capital Adequacy Ordinance (CAO) measures, stating they are extreme, exceed global norms, and would unduly penalize the company.
If adopted, the proposed ordinance changes would eliminate approximately 11 billion, or 12%, of Group equity as eligible capital, and 3 billion, or 3%, of UBS AG's standalone equity.
Key concerns include the full deduction of capitalized software and temporary difference Deferred Tax Assets (DTAs), and Prudential Valuation Adjustment (PVA) measures, which UBS argues are misaligned with international standards.
UBS also opposes the proposed automatic suspension of AT1 coupon payments after four consecutive quarters of cumulative losses, suggesting a link to a clearly pre-defined capital ratio trigger instead.
The Federal Council's publication of final ordinance changes is expected by mid-next year at the latest, with parliamentary deliberations on related law changes extending into 2027.

Oct 1, 2025, 1:29 PM

6-K

UBS Expresses Concerns Over Proposed Swiss Capital Requirements

UBS

Regulatory Changes

Accounting Changes

UBS submitted its response to the Capital Adequacy Ordinance consultation, stating that proposed capital requirements are not targeted, proportionate, or internationally aligned, and would unduly penalize the bank.
The proposals are estimated to increase CET1 capital by approximately CHF 24 billion and eliminate about CHF 11 billion (12%) of group equity as eligible capital.
UBS specifically objects to the full deduction of capitalized software and deferred tax assets (DTAs) from regulatory capital, and the proposed automatic suspension of AT1 coupon payments after four consecutive quarters of cumulative losses.
The company anticipates final ordinance changes by mid-next year at the latest, with parliamentary deliberations on law changes extending into 2027, and expects a phase-in period of at least four years for the ordinance starting from 2027.

Sep 30, 2025, 7:00 AM

Transcript

UBS Discusses Capital Proposals, Integration Progress, and Growth Strategies at FY 2025 Conference

UBS

M&A

Guidance Update

New Projects/Investments

UBS expects the Swiss Federal Council's capital ordinance proposals, which could require an additional $24 billion in capital, to take effect no earlier than 2027, with legislative proposals impacting foreign subsidiary investments not before 2028.
The integration of Credit Suisse is on track to meet or exceed all KPIs by the end of 2026, targeting $13 billion in gross cost savings and an underlying cost-income ratio below 70% by that time.
The company is on track to achieve $100 billion in net new assets for 2025 and aims to increase this to $200 billion by 2028.
UBS's Investment Bank is performing strongly, with banking revenue tracking ahead of a global fee pool that is up approximately 15% year-on-year. The Global Wealth Management division, with $750 billion in APAC invested assets, is focused on expanding into strategic growth markets like Taiwan, India, Australia, and onshore China.

Sep 16, 2025, 10:00 AM

Transcript

UBS Group AG Updates Q1 2025 Regulatory and Capital Disclosures

UBS

Dividends

Share Buyback

UBS Group AG’s amended disclosures update key metrics in the KM1 tables, including pre‐output floor RWA and capital ratios, with the output floor not binding for the consolidated group but fully phased in for UBS Switzerland AG.
The final Basel III standards implementation in Switzerland led to a USD 8.6bn reduction in RWA, with market risk and other adjustments noted, while UK regulators postponed their final implementation.
Capital management details show a decrease in CET1 capital due to share repurchase effects, dividend accruals, and other adjustments, alongside ongoing share buyback plans.

May 8, 2025, 12:00 AM

6-K

UBS Resolves Credit Suisse Tax Matter

UBS

Legal Proceedings

Credit Suisse Services AG settled a long-running tax investigation with the DOJ by agreeing to pay an aggregate of USD 511m (with USD 371.9m for false income tax returns and USD 138.7m under a non-prosecution agreement).
UBS, which was not involved in the underlying conduct, expects to recognize a credit and record a charge in Q2 2025 related to the contingent liability from its acquisition of Credit Suisse.

May 5, 2025, 12:00 AM

6-K

UBS Q1 2025 Earnings, Integration, & Capital Update

UBS

Earnings

Share Buyback

M&A

Debt Issuance

Dividends

UBS delivered robust Q1 2025 performance with a net profit of $1.7 billion, total revenues of USD 12.56bn, and a strong balance sheet featuring $1.5 trillion in total assets, reflecting disciplined cost management amid volatile conditions.
Significant progress was made on Credit Suisse integration, with robust client migration in Switzerland and targeted cost management driving efficiency.
Global Wealth Management experienced growth with net new assets of $32 billion and improved cost/income ratios, underscoring resilient client engagement.
Capital returns remained a focus with ongoing share buyback initiatives, complemented by a USD 0.5bn share repurchase and a USD 0.90 per share dividend announcement.
UBS maintained strong capital management with an underlying CET1 return of 11.3% and a stable CET1 capital ratio around 14.3%, alongside significant reductions in risk-weighted assets.
Analyst Q&A addressed key topics including lending & deposit outlooks and potential regulatory impacts, with additional disclosures on consolidated capital instruments and TLAC-eligible senior unsecured debt.

Apr 30, 2025, 7:01 AM

Transcript 6-K 6-K 6-K 6-K

Earnings Transcripts

Quarterly earnings call transcripts for UBS Group.

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