UBS Group AG filed a Form 6-K with the SEC on October 29, 2026, consisting of transcripts from its third quarter 2026 earnings call held on October 28, 2026, including remarks by Group CEO Sergio P. Ermotti and Group CFO Todd Tuckner, as well as the analyst Q&A session.

Key Highlights

  • Net profit of 2.7 billion: UBS reported third-quarter reported net profit of 2.7 billion with earnings per share of 85 cents, according to the filing.
  • Underlying pre-tax profit up 14%: On an underlying basis, pre-tax profit was 4.1 billion, up 14%, with a return on CET1 capital of 16.7% and a cost/income ratio of 68.7%.
  • Year-to-date capital returns: The company disclosed it has repurchased 4.8 billion dollars of shares and accrued 2.8 billion for dividends year-to-date, with plans to repurchase an additional 1.2 billion dollars of shares over the next three months.
  • Gross cost saves of approximately 13.7 billion expected: With 13.2 billion in gross cost reductions already delivered, the company expects total cumulative gross cost saves to reach approximately 13.7 billion, above its 13.5 billion ambition.
  • Global Wealth Management inflows: The filing states UBS attracted 55 billion of inflows in Global Wealth Management during the quarter.
  • Headcount reduced: Total headcount at quarter-end was 110 thousand, 2% lower sequentially and 30% below the 2022 baseline, according to the filing.
  • Credit Suisse liability repurchase: Reported results included a charge of 346 million from the repurchase of around 10 billion of high-cost Credit Suisse liabilities.

UBS Third Quarter 2026 Results: Integration Near Completion and Capital Returns on Track

According to the Form 6-K filed by UBS Group AG (NYSE:UBS) on October 29, 2026, Group CEO Sergio P. Ermotti stated that with a year-to-date return on CET1 capital of 17%, the company is "increasingly confident" in its ability to outperform its 2026 exit-rate return target, and remains on track to achieve an exit rate cost/income ratio of less than 70%. Ermotti also noted that UBS granted or renewed around 40 billion Swiss francs of loans to businesses and households in Switzerland during the period covered.

Group CFO Todd Tuckner reported that total revenues increased 10%, outpacing expense growth, and that within core franchises, excluding litigation, UBS delivered 4 points of positive operating leverage on 3% higher revenues and lower costs. The effective tax rate in the quarter was 24.7%, which Tuckner described as slightly elevated because legal provisions recorded in Non-core and Legacy are not expected to result in a tax benefit. Reported results also included integration costs of 452 million. The company expects around 0.5 billion of integration-related expenses in the fourth quarter, bringing the final cost-to-achieve multiple to around 1.1 times at historical FX rates, described in the filing as "in line with guidance."

On the Credit Suisse integration, Ermotti described it as being in "the last mile," with nearly all legacy applications no longer in use and 90% fully decommissioned. Separately, the filing contains remarks regarding the ongoing Swiss parliamentary process related to banking regulation. Ermotti described September's outcome in the Upper House as "very concerning" and stated that the latest proposal "continues to disregard the serious concerns raised by the overwhelming majority of respondents to the consultation, and would excessively tighten capital requirements that are already among the most stringent globally." The company stated it will "continue to engage constructively" in the process.

What Was Disclosed

UBS Group AG filed transcripts of its third quarter 2026 earnings call, disclosing financial results including net profit of 2.7 billion, underlying pre-tax profit of 4.1 billion, year-to-date share repurchases of 4.8 billion dollars, expected cumulative gross cost saves of approximately 13.7 billion, and remarks on Swiss banking regulation.