UBS Group AG financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data UBS Group 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

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	28,766	29,754	30,330	28,967	33,084	35,393
General and administrative	716	612	590	551	565
Pre-tax income	4,209	5,351	5,991	5,577	8,155	9,484	9,604	28,255	6,821	8,853
Income tax	777	4,305	1,468	1,267	1,583	1,998	1,942	873	1,675	1,056
Net income to minority interests	84	77	7	6	15	29	32	16	60	30
Net income	3,432	1,046	4,522	4,310	6,572	7,486	7,661	27,382	5,146	7,797
EPS, basic	0.90	0.26	1.21	1.17	1.83	2.14	2.34	8.68	1.59	2.46
EPS, diluted	0.88	0.25	1.18	1.14	1.77	2.06	2.25	8.30	1.52	2.36

Balance sheet

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	119,014	104,834	126,079	119,873	173,531	207,875	195,321	340,207	244,090	231,375
Goodwill						6,100	6,000	6,000	6,000	6,100
Total assets	918,906	939,279	958,500	972,194	1,125,765	1,117,182	1,104,364	1,716,924	1,565,028	1,617,427
Total liabilities		886,725	905,429	917,519	1,066,000	1,056,180	1,047,146	1,630,769	1,479,454	1,526,944
Paid-in capital		23,598	20,843	18,064	16,753	15,928	13,546	13,216	12,012	9,217
Retained earnings		25,932	30,416	34,122	38,776	43,851	50,004	74,397	78,035	82,740
Shareholders' equity		52,495	52,896	54,501	59,445	60,662	56,876	85,624	85,079	90,213
Minority interests		59	176	174	319	340	342	531	494	271
Total equity		52,554	53,060	54,675	59,765	61,002	57,218	86,156	85,574	90,484
Total liabilities and equity		939,279	958,500	972,194	1,125,765	1,117,182	1,104,364	1,716,924	1,565,028	1,617,427

Cash flow statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	3,432	1,046	4,522	4,310	6,572	7,486	7,661	27,382	5,146	7,797
Cash from operations	-18,292	-52,099	28,913	19,705	36,958	31,425	14,647	86,068	3,279	21,851
Cash from investing	36,637	5,186	-6,132	-1,558	-6,785	-2,119	-12,447	103,124	709	-22,802
Cash from financing	-612	26,988	190	-25,614	12,432	10,345	-9,094	-58,262	-84,165	-30,863
Exchange rate effect	-1,598	5,745	-1,726	1,261	11,052	-5,307	-5,659	13,955	-15,940	19,098
Interest paid	3,565	6,689	9,206	10,769	6,320	4,707	8,198	35,969	48,252	37,749

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $49.67 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	11.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.5%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	51.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	0.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	3.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	55.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	1.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	5.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	566.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	14.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-10.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	6.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	16.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	8.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	3.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	13.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	7.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	94.4%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	$84.11B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.36	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$2.46	Net income per basic share, as reported (split-adjusted).

Valuation

Metric	Value	How it is calculated
Market cap	$154.15B	Share price x shares outstanding.
Enterprise value	-$77.23B	Market cap + total debt - cash - short-term investments.
P/E	19.8x	Market cap / net income. Only when net income is positive.
P/B	1.71x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.83x	Market cap / tangible book value, when positive.
P/OCF	7.05x	Market cap / cash from operations, when positive.
Earnings yield	5.1%	Net income / market cap (the inverse of P/E).
PEG	12.3x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was UBS Group AG profitable in fiscal 2025?

Yes. Net income was $7.80B, 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.

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