Today, UBS reported a 74% increase in Q3 profit as the firm acknowledged that higher financial market volatility caused by global tariff turmoil, along with renewed M&A activity, contributed to the profit leap.
UBS stated in a press release, “In 3Q25, we reported profit before tax of USD 2,828m and underlying PBT of USD 3,590m, up 47% and 50% YoY, respectively. Results were driven by growth in our core businesses, which increased their combined underlying PBT excluding litigation by 19% YoY.”
The Swiss banking giant also expressed confidence in its plans for $3 billion in share buybacks this year and its financial targets for 2026, which will be announced alongside the company’s fourth quarter and full-year financial results for 2025 in February.
Today, Sergio P. Ermotti, UBS Group CEO, told investors, “We delivered an excellent 3Q25 financial performance powered by significant momentum in our core businesses and disciplined execution of our strategic priorities. We’ve seen strong private and institutional client activity with invested assets reaching nearly 7 trillion. As a key pillar of our strategy, our balance sheet for all seasons remains strong, allowing us to invest in talent, technology, and capabilities as we continue to make further progress on integration, positioning us for long-term growth and value creation.”
Although profit increased, UBS noted that rising U.S. tariffs cast doubt on the outlook for the Swiss economy, stating that “sentiment can shift quickly as confidence in the outlook is tested.” The firm added that a prolonged U.S. government shutdown could delay capital market activities.
Shares in UBS rose 2.5% in premarket trading following the announcement.
By CEO NA Editorial Staff
