Swissquote Crypto Revenue Plunges 66.2% as Client Assets Hit $118.4B Record

Swissquote reports record $118.4B client assets but crypto income fell 66.2% to $18M due to valuation losses, prompting lowered 2026 profit guidance.

Woofun AI data shows Swissquote's client assets grew 19.8% year-on-year to $118.4 billion in the first half of 2026, marking an all-time high. Net income increased 1.7% to $447 million, with pre-tax profits reaching approximately $225 million.

Conversely, net income from crypto assets declined 66.2% to nearly $18 million, driven by a $6.5 million valuation loss on digital assets held for SQX liquidity. Consequently, Swissquote reduced its full-year 2026 net income target from $934 million to $897 million and lowered its pre-tax profit forecast from $473 million to around $449 million, while maintaining its 2028 pre-tax profit target at roughly $615 million.