Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data UBS AG files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Pre-tax income
8,964
8,960
4,521
2,433
4,101
Income tax
1,903
1,844
1,206
900
534
Net income to minority interests
29
32
25
51
26
Net income
7,061
7,116
3,315
1,533
3,566
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
207,755
195,200
190,469
243,359
230,965
Goodwill
6,000
6,500
6,600
Total assets
1,116,145
1,105,436
1,156,016
1,568,060
1,617,173
Total liabilities
1,048,496
1,100,448
1,473,394
1,527,994
Paid-in capital
24,648
24,638
84,777
84,849
Retained earnings
31,746
28,235
7,838
-2,147
Shareholders' equity
56,598
55,234
94,003
88,845
Minority interests
342
335
662
334
Total equity
58,442
56,940
55,569
94,666
89,179
Total liabilities and equity
1,105,436
1,156,016
1,568,060
1,617,173
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
7,061
7,116
3,315
1,533
3,566
Cash from operations
30,563
10,630
-28,202
-27,065
24,562
Cash from investing
-1,860
-12,283
-4,924
122,406
-22,299
Cash from financing
10,927
-5,257
19,690
-32,137
-33,760
Exchange rate effect
-5,306
-5,645
8,704
-10,315
19,103
Interest paid
4,802
8,315
26,711
41,454
37,874
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $22.27 on September 24, 2026.
Profitability
Metric
Value
How it is calculated
Effective tax rate
13.0%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
3.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.2%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
132.6%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
-20.6%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y
32.2%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-5.5%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
16.2%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
3.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
13.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Market cap + total debt - cash - short-term investments.
P/E
24.1x
Market cap / net income. Only when net income is positive.
P/B
0.97x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.04x
Market cap / tangible book value, when positive.
P/OCF
3.50x
Market cap / cash from operations, when positive.
Earnings yield
4.2%
Net income / market cap (the inverse of P/E).
Was UBS AG profitable in fiscal 2025?
Yes. Net income was $3.57B, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.