Leading Swiss online trading firm Swissquote today announced net revenues above CHF 400 million and a pre-tax profit of at least CHF 185 million for 2022.

Swissquote confirms its annual financial results are in line with the guidance provided in August 2022. The diversified sources of revenues and a higher share of non-transaction based revenues have enabled Swissquote to navigate safely in a difficult market environment.

As of 31 December 2022, client assets reached CHF 52.2 billion. Part of the negative market impact could be compensated by strong net new monies of CHF 7.7 billion in 2022.

The full report for the 2022 financial year will be published on 16 March 2023.

Let’s recall that, operating revenues for the first half of 2022 totalled CHF 204.8 million – a decrease of 23.1 percent compared with the previous year (CHF 266.4 million). When adjusted for negative interest rates (CHF 4.1 million) and after fair value adjustments (CHF 0.7 million), net revenues amounted to CHF 200.0 million, down 24.4 percent from CHF 264.4 million in the prior year.

Swissquote noted that, in the first half 2022, customers were more cautious with trading but stayed invested, even in higher-risk asset classes such as crypto assets (e.g. crypto holdings have increased in major crypto assets).

Pre-tax profit for the first half of 2022 decreased by 32.7 percent to CHF 90.7 million (CHF 134.6 million), while the pre-tax profit margin was still solid at 45.3 percent (50.9 percent).