UBS Group AG Q3 2026 Earnings Recap

UBS reported third-quarter net profit of $2.7 billion and underlying pre-tax profit up 14%, while the shares rose 2.2%—a broadly measured reaction. The quarter showed higher revenue and positive operating leverage, though management flagged elevated market and political uncertainty heading into Q4.

Key Takeaways

• Reported net profit was $2.7 billion and EPS was $0.85; underlying pre-tax profit reached $4.1 billion, up 14%.
• Underlying return on CET1 capital was 16.7%, and the cost-income ratio was 68.7%. Year-to-date return on CET1 capital was 17%.
• Total revenue rose 10%, outpacing expense growth. In core franchises, excluding litigation, revenue increased 3% with lower costs, delivering four points of positive operating leverage.
• Global Wealth Management attracted $55 billion of inflows. UBS also cited record third-quarter Investment Bank performance, particularly in equities and Asia.
• Integration costs were $452 million, alongside a $346 million charge whose description is cut off in the transcript. Management said 90% of legacy applications had been decommissioned and integration remained on track for completion by year-end.