UBS AG First Quarter 2026 Report

This report provides a comprehensive overview of UBS AG's financial performance for the first quarter of 2026. Key financial figures reveal significant changes compared to previous periods, with total revenues reaching USD 14,030 million, a notable increase from USD 12,163 million in Q1 2025. Operating profit before tax stood at USD 3,186 million, a substantial rise from USD 1,339 million in the prior year's quarter. Net profit attributable to shareholders was USD 2,500 million, a significant improvement from USD 1,028 million in Q1 2025. The report also details changes in capital and liquidity ratios, with the Common Equity Tier 1 capital ratio at 14.2% and the Liquidity Coverage Ratio at 172.4%. A strategic shift is noted with UBS AG no longer publishing interim financial reports for the first and third quarters in accordance with IAS 34, opting instead for financial information prepared under UBS AG's accounting policies to enhance efficiency while maintaining transparency. The report further elaborates on the differences in financial reporting between UBS AG consolidated and UBS Group AG consolidated, primarily due to acquisition accounting for the Credit Suisse Group merger. Detailed segment information for Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank is provided, alongside risk and capital management disclosures.