UBS Group Financials

UBS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows UBS Group (UBS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI UBS FY2025 2026-04-22

UBS remains a balance-sheet-heavy bank where small shifts in asset profitability meaningfully change equity returns and cash generation.

Revenue stayed above $48B in the next two years even as net margin settled far below the earlier 67.1% peak, implying a one-off earnings crest rather than a durable baseline. What improved in FY2025 was cash conversion: operating cash flow rebounded to $21.9B from $3.3B, so earnings looked more supported by cash-producing operations than they did a year earlier.

With $231.4B of cash against $1.53T of liabilities, UBS is funded like a large financial balance sheet, so liquidity management matters as much as income growth. That is why a thin asset return of 0.5% can still become meaningful equity return of 8.6% when leverage remains high.

FY2025 capital return was aggressive relative to the prior year, with buybacks of $5.4B and dividends of $2.9B while shares outstanding kept falling. Because equity also rose and assets were slightly higher, that payout mix looks more like distributing recovered capacity than shrinking the franchise.

Financial Health Signals

Financial Profile 15/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of UBS Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

UBS Group's revenue grew a modest 2.0% year-over-year to $49.6B. This slow but positive growth earns a score of 50/100.

Leverage

UBS Group has elevated debt relative to equity (D/E of 16.88), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Returns

UBS Group's ROE of 8.6% shows moderate profitability relative to equity, earning a score of 39/100. This is up from 6.0% the prior year.

Piotroski F-Score Neutral

5/9

UBS Group passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.80x

For every $1 of reported earnings, UBS Group generates $2.80 in operating cash flow ($21.9B OCF vs $7.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$49.6B

YoY+2.0%

5Y CAGR+8.4%

UBS Group generated $49.6B in revenue in fiscal year 2025. This represents an increase of 2.0% from the prior year.

EBITDA

N/A

Net Income

$7.8B

YoY+51.5%

5Y CAGR+3.5%

UBS Group reported $7.8B in net income in fiscal year 2025. This represents an increase of 51.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$231.4B

YoY-5.2%

5Y CAGR+5.9%

UBS Group held $231.4B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

3.34B

YoY-3.5%

5Y CAGR-2.8%

UBS Group had 3.34B shares outstanding in fiscal year 2025. This represents a decrease of 3.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

15.7%

YoY+5.1pp

5Y CAGR-4.1pp

UBS Group's net profit margin was 15.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.1 percentage points from the prior year.

Return on Equity

8.6%

YoY+2.6pp

5Y CAGR-2.4pp

UBS Group's ROE was 8.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$5.4B

YoY+75.9%

5Y CAGR+28.0%

UBS Group spent $5.4B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 75.9% from the prior year.

Capital Expenditures

N/A

UBS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$49.6B+2.0%	$48.6B+19.0%	$40.8B+18.1%	$34.6B-2.3%	$35.4B+7.0%	$33.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$161.0M-15.7%	$191.0M+15.1%	$166.0M+80.4%	$92.0M-9.8%	$102.0M-7.3%	$110.0M
Income Tax	$1.1B-37.0%	$1.7B+91.9%	$873.0M-55.0%	$1.9B-2.8%	$2.0B+26.2%	$1.6B
Net Income	$7.8B+51.5%	$5.1B-81.2%	$27.4B+257.4%	$7.7B+2.3%	$7.5B+13.9%	$6.6B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Revenue	N/A	$12.1B-3.5%	$12.6B	N/A	$11.9B-6.6%	$12.7B	N/A	$9.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$43.0M+4.9%	$41.0M	N/A	$49.0M-2.0%	$50.0M	N/A	$35.0M
Income Tax	N/A	-$209.0M-148.6%	$430.0M	N/A	$293.0M-52.1%	$612.0M	N/A	$361.0M
Net Income	N/A	$2.4B+41.1%	$1.7B	N/A	$1.2B-33.4%	$1.8B	N/A	$27.3B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UBS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.6T+3.3%	$1.6T-8.8%	$1.7T+55.5%	$1.1T-1.1%	$1.1T-0.8%	$1.1T
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$231.4B-5.2%	$244.1B-28.3%	$340.2B+74.2%	$195.3B-6.0%	$207.9B+19.8%	$173.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$6.1B+1.7%	$6.0B0.0%	$6.0B0.0%	$6.0B-1.6%	$6.1B-5.9%	$6.5B
Total Liabilities	$1.5T+3.2%	$1.5T-9.3%	$1.6T+55.7%	$1.0T-0.9%	$1.1T-0.9%	$1.1T
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$90.5B+5.7%	$85.6B-0.7%	$86.2B+50.6%	$57.2B-6.2%	$61.0B+2.1%	$59.8B
Retained Earnings	$82.7B+6.0%	$78.0B+4.9%	$74.4B+48.8%	$50.0B+14.0%	$43.9B+13.1%	$38.8B

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Total Assets	$1.6T-3.1%	$1.7T+8.2%	$1.5T-1.4%	$1.6T+0.3%	$1.6T-2.9%	$1.6T-6.4%	$1.7T+2.3%	$1.7T
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$231.4B-10.7%	$259.1B	N/A	$244.1B-12.5%	$279.0B	N/A	$340.2B+15.1%	$295.7B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$6.1B-13.1%	$7.0B+1.7%	$6.9B+15.2%	$6.0B-18.0%	$7.3B-1.0%	$7.4B+23.1%	$6.0B-20.7%	$7.6B
Total Liabilities	$1.5T-3.4%	$1.6T+8.6%	$1.5T-1.6%	$1.5T+0.2%	$1.5T-2.9%	$1.5T-6.7%	$1.6T+2.5%	$1.6T
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$90.5B+0.9%	$89.7B+2.4%	$87.6B+2.4%	$85.6B+1.6%	$84.2B-1.2%	$85.3B-1.0%	$86.2B+0.1%	$86.1B
Retained Earnings	$82.7B+3.8%	$79.7B-0.4%	$80.0B+2.5%	$78.0B+2.4%	$76.2B+0.3%	$76.0B+2.1%	$74.4B-4.8%	$78.2B

UBS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$21.9B+566.4%	$3.3B-96.2%	$86.1B+487.6%	$14.6B-53.4%	$31.4B-15.0%	$37.0B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$22.8B-3316.1%	$709.0M-99.3%	$103.1B+928.5%	-$12.4B-487.4%	-$2.1B+68.8%	-$6.8B
Financing Cash Flow	-$30.9B+63.3%	-$84.2B-44.5%	-$58.3B-540.7%	-$9.1B-187.9%	$10.3B-16.8%	$12.4B
Dividends Paid	$2.9B+27.0%	$2.3B+34.4%	$1.7B+0.7%	$1.7B+28.2%	$1.3B-50.1%	$2.6B
Share Buybacks	$5.4B+75.9%	$3.1B+0.7%	$3.1B-51.0%	$6.3B+77.8%	$3.5B+122.3%	$1.6B

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UBS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.7%+5.1pp	10.6%-56.5pp	67.1%+44.9pp	22.2%+1.0pp	21.1%+1.3pp	19.9%
Return on Equity	8.6%+2.6pp	6.0%-25.8pp	31.8%+18.4pp	13.4%+1.1pp	12.3%+1.3pp	11.0%
Return on Assets	0.5%+0.1pp	0.3%-1.3pp	1.6%+0.9pp	0.7%+0.0pp	0.7%+0.1pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	16.88-0.4	17.29-1.6	18.93+0.6	18.30+1.0	17.31-0.5	17.84
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	19.8%+6.3pp	13.6%	N/A	9.9%-4.0pp	13.9%	N/A	286.5%
Return on Equity	N/A	2.7%+0.7pp	1.9%	N/A	1.4%-0.7pp	2.1%	N/A	31.8%
Return on Assets	N/A	0.1%+0.0pp	0.1%	N/A	0.1%-0.0pp	0.1%	N/A	1.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	16.88-0.7	17.62+1.0	16.62-0.7	17.29-0.2	17.53-0.3	17.84-1.1	18.93+0.4	18.48
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is UBS Group's annual revenue?

UBS Group (UBS) reported $49.6B in total revenue for fiscal year 2025. This represents a 2.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is UBS Group's revenue growing?

UBS Group (UBS) revenue grew by 2% year-over-year, from $48.6B to $49.6B in fiscal year 2025.

Is UBS Group profitable?

Yes, UBS Group (UBS) reported a net income of $7.8B in fiscal year 2025, with a net profit margin of 15.7%.

What is UBS Group's net profit margin?

UBS Group (UBS) had a net profit margin of 15.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is UBS Group's return on equity (ROE)?

UBS Group (UBS) has a return on equity of 8.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is UBS Group's operating cash flow?

UBS Group (UBS) generated $21.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are UBS Group's total assets?

UBS Group (UBS) had $1.6T in total assets as of fiscal year 2025, including both current and long-term assets.

Does UBS Group buy back shares?

Yes, UBS Group (UBS) spent $5.4B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does UBS Group have outstanding?

UBS Group (UBS) had 3.34B shares outstanding as of fiscal year 2025.

What is UBS Group's debt-to-equity ratio?

UBS Group (UBS) had a debt-to-equity ratio of 16.88 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is UBS Group's return on assets (ROA)?

UBS Group (UBS) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is UBS Group's Piotroski F-Score?

UBS Group (UBS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are UBS Group's earnings high quality?

UBS Group (UBS) has an earnings quality ratio of 2.80x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is UBS Group?

UBS Group (UBS) scores 15 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.