Swissquote, the Swiss online banking group, reported that client assets rose 19.8% year over year to $118.4 billion in the first half of 2026, setting a new record for the company. Over the same period, net revenue increased 1.7% to $447 million, while pre-tax profit came in at about $225 million. The company’s crypto-related business moved in the opposite direction. Net revenue from crypto assets fell 66.2% from a year earlier to nearly $18 million. That figure included a $6.5 million mark-to-market valuation loss tied to digital assets held to provide liquidity for SQX, Swissquote’s in-house crypto trading platform. Swissquote also lowered its full-year 2026 guidance, cutting its net revenue target from $934 million to $897 million and reducing its expected pre-tax profit from $473 million to about $449 million. Its 2028 pre-tax profit target of about $615 million was left unchanged. The figures were cited by Bitcoin.com News and carried by Odaily.
Swissquote said client assets reached a record $118.4 billion in the first half of 2026, up 19.8% from a year earlier. Net revenue rose 1.7% to $447 million, and pre-tax profit was about $225 million.
Crypto revenue fell sharply
Net revenue from crypto assets dropped 66.2% year over year to nearly $18 million. Swissquote said that figure included a $6.5 million mark-to-market valuation loss on digital assets it held to provide liquidity for SQX, its in-house crypto trading platform.
2026 guidance cut, 2028 target unchanged
The company lowered its full-year 2026 net revenue target to $897 million from $934 million. It also cut its pre-tax profit outlook to about $449 million from $473 million. Swissquote kept its 2028 pre-tax profit target unchanged at about $615 million.
Bitcoin.com News reported the figures, and Odaily carried the brief.
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