Reporting Suite

Annual Report 2025

Our Annual Report provides comprehensive information about the firm, its business, governance and financial performance, as well as information about compensation of senior management and the Board of Directors (executive and non-executive members). It contains both audited and nonaudited information.

Standalone financial reports:

Extracts:

Auszug aus dem Geschäftsbericht 2025 – UBS Group (available
on 12 March 2026)

Other links:

Sustainability Report 2025

In the Sustainability Report we report about our sustainability approach and activities, consistently applying our information policy and disclosure principles. Additionally, we set out what climate and nature mean to us in terms of our strategy and its impact on planet, people and partnerships, and shows how we’re tracking our progress through metrics and targets.

Other links:

Insights and perspectives from our Chairman and Group CEO

Chairman Colm Kelleher and Group CEO Sergio P. Ermotti weigh in on our excellent financial performance, our integration and the opportunities ahead. 

“With most of the integration work behind us, we are well placed to harvest the full benefits of the acquisition and produce sustainably higher returns, building toward our ambition to restore and surpass pre-acquisition levels of profitability.” 

Colm Kelleher, Chairman

“Our performance puts us firmly on track to meet our targets for the end of 2026 and beyond. We are proud of what we have accomplished together and remain committed to delivering sustainable growth and long-term value for our clients, shareholders, employees and the communities where we live and work.” 

Sergio P. Ermotti, Group CEO

Our Leadership

Group Executive Board

Across business regions, divisions, and functions: meet our most senior leaders.

Board of Directors

Responsible for the overall direction, supervision and control of the Group and its management, as well as for supervising compliance with applicable laws, rules and regulations.

Numbers and achievements

Icon of results

  • 7.8 USD billion

    net profit

  • 7.0 USD trillion

    of invested assets across the asset gathering businesses

  • 2.36 USD

    diluted EPS

Icon of resources

  • 14.4 %
    CET1 ratio
  • 187.3 USD billion
    total loss absorbing capacity
  • 182.6 %

    liquidity Coverage Ratio

  • 13.7 %

    underlying return on CET1 capital

  • 12.1 %

    underlying return on tangible equity

January

UBS hosts the 25th Greater China Conference in Shanghai

Celebrating a quarter century of collaboration with institutional, sovereign, family office and private investors, UBS welcomes over 3,000 participants and 290 Chinese companies at its Greater China Conference to explore market trends and investment opportunities.

UBS sets record with 60-meter tapestry at ART SG

Celebrating Singapore’s 60 years of independence, employees and partners of UBS Singapore set a new national record by weaving a 60-meter tapestry from upcycled textiles. The piece launches UBS’s “Art for All” program promoting art, sustainability and community at ART SG.

February

UBS report reveals entrepreneurs’ optimism and AI investment plans

UBS’s first Global Entrepreneur Report shows strong optimism among business leaders, with rising investment in talent, acquisitions and AI. Surveying 156 clients across 26 markets, it highlights confidence in the tech and healthcare sectors.

UBS exhibition highlights the role of banking in shaping Switzerland

UBS launches Key Moments at its Zurich headquarters. The interactive exhibition showcases UBS’s historical roots and enduring impact on economic growth and innovation.

March

UBS OneASEAN Summit highlights Southeast Asia’s investment boom

The 13th edition of UBS’s OneASEAN Summit in Singapore brings together over 900 leaders to explore growth drivers and investment trends. Participants express optimism regarding equity markets, digital infrastructure and healthcare, and about Southeast Asia’s ability to continue attracting foreign investment.

UBS gains full ownership of UBS Securities in China

UBS acquires an additional 33% stake in UBS Securities from Beijing State-owned Assets Management Co., Ltd, becoming sole owner of the first foreign-invested securities joint venture in China. The move strengthens UBS’s standing and supports its expansion into one of the world’s fastest-growing markets.

April

UBS completes integration of Credit Suisse service units in India

UBS integrates Credit Suisse service entities into UBS Business Solutions in India, uniting a 24,000-strong team across Mumbai and Pune. This milestone boosts collaboration and operational efficiency.

UBS partners with 360 ONE WAM to boost global wealth services in India

UBS launches an exclusive collaboration with 360 ONE WAM, combining global expertise and local reach to enhance wealth solutions for clients in India. UBS will transfer its onshore business, acquire warrants for a 4.95% stake and explore joint growth opportunities.

May

UBS survey shows wealthy women feel unprepared for historic wealth transfer

UBS’s Own Your Worth report reveals that most wealthy women and heirs feel unprepared for the USD 105 trillion in wealth expected to be transferred by 2045. Lack of planning and communication leaves many facing financial surprises, underscoring the need for proactive inheritance discussions.

Legacy Credit Suisse US tax case resolved

In line with UBS’s intention to resolve legacy matters at pace and in the interests of all stakeholders, it reaches a resolution with the U.S. Department of Justice regarding a long-running tax investigation tied to Credit Suisse’s 2014 plea agreement, agreeing to a USD 511 million settlement.

UBS and Dior come together for couture exhibition

UBS launches the UBS House of Craft x Dior exhibition in New York, which showcases eight decades of couture by Dior. It celebrates heritage, innovation and craftsmanship – values that UBS and the iconic fashion house share. The exhibition debuts at New Art Museum Singapore in September.

June

UBS publishes its position on the Swiss government’s regulatory proposals

UBS supports in principle most regulatory proposals but rejects an extreme increase in capital requirements, which would be neither proportionate nor internationally aligned. 

The UBS Optimus Foundation expands US giving platform

The UBS Optimus Foundation broadens its US offering, adding 15 nonprofit partners and tax-advantaged options, such as IRA qualified charitable distributions. Clients can support national programs relating to education, health and environment.

July

UBS launches new share repurchase program

UBS begins a two-year share buyback program on 1 July, to repurchase up to USD 2 billion. The previous program of the same size, launched in 2024, was completed. 

SDG Outcomes Fund reaches USD 100 million with EU anchor commitment

The UBS Optimus Foundation and Bridges Outcomes Partnerships closes the SDG Outcomes Fund after raising USD 100 million, with backing by the European Union and global investors. The fund pioneers outcomes-based financing in low- and middle-income countries, with a focus on health, education and environmental impact.

August

UBS announces modernization of its San Juan office, strengthening Puerto Rico ties

UBS announces that it will renovate its San Juan office by early 2026 to create a modern, sustainable space for clients and employees. This upgrade marks 60 years in Puerto Rico and underscores UBS’s key role in the territory’s financial ecosystem and dedication to excellence.

September

Miami tops UBS Bubble Risk Index as Dubai, Madrid surge

UBS’s Global Real Estate Bubble Index 2025 analyzes residential property prices in 21 major cities around the world. It ranks Miami as most at risk, followed by Tokyo and Zurich.

UBS settles French tax case

UBS resolves a legacy case over cross-border business activities in France between 2004 and 2012. UBS agrees to pay EUR 835 million. The resolution follows a 2023 court ruling and aligns with UBS’s intention to resolve legacy matters at pace in the best interests of all its stakeholders.

October

UBS opens advisory office in Abu Dhabi’s international financial center

The new office in Abu Dhabi Global Market is UBS’s second location in the United Arab Emirates, expanding its footprint in one of the region’s fastest-growing financial hubs and strengthening its commitment to clients in the Middle East.

UBS Vice Chairman Lukas Gähwiler to retire

UBS announces that Lukas Gähwiler will step down from its Board of Directors after the Annual General Meeting in April 2026, ending a 45-year career in banking. Markus Ronner, Group Chief Compliance and Governance Officer, is nominated as Vice Chairman, continuing UBS’s focus on governance and regulatory expertise.

UBS boosts AI to power innovation and firm‑wide efficiency

UBS appoints a Chief AI Officer, focusing on reshaping business capabilities to improve the client experience and enhance employee productivity. UBS has more than 300 live use cases, and firm‑wide tools such as Copilot and Red.

November

UBS completes first live tokenized fund transaction

UBS executes the first end-to-end tokenized fund transaction leveraging Chainlink’s Digital Transfer Agent standard. The live transaction in UBS’s USD Money Market Investment Fund Token on Ethereum showcases how traditional finance can transition into on-chain environments and marks a milestone in digital finance.

UBS’s 2026 outlook report says AI, policy easing to drive growth

UBS’s Year Ahead 2026 report sees AI innovation, fiscal support and easier monetary policy powering markets. Its key themes include investing in tech and AI, adding equities, opportunities in China, commodities and preferred select currencies amid shifting global dynamics.

December

Oxford University and UBS launch Centre for Applied AI

UBS and the University of Oxford partner to establish the Oxford-UBS Centre for Applied AI. The initiative will drive research on AI for business, society and future technologies, combining academic expertise with UBS’s practical applications.

Healthcare costs top Swiss concerns

The UBS Worry Barometer 2025 shows that healthcare costs continue to be Switzerland’s biggest worry, followed by climate and pensions. Rising living expenses, migration and global conflicts – plus political developments in the US – fuel unease despite the stable economic outlook.

General meeting of shareholders

Annual General Meeting 2026

The general meeting of shareholders is the supreme corporate body.

Highlights

Archive

Our archive provides an overview of our past reports.