Swissquote is targeting a pre-tax profit of CHF 500 million in 2028 after closing last year with record revenue of CHF 661 million and a pre-tax profit of CHF 345.6 million. For 2025, the company has set a revenue guidance of CHF 675 million and a pre-tax profit of CHF 355 million.

"The Best Year" for Swissquote

As highlighted by the Swiss online trading services provider, “2024 was the best year ever on multiple fronts.” Its yearly revenue grew by 24.4 per cent, while pre-tax profits jumped by 35.3 per cent. However, the guidance shows that growth in 2025 will not be as strong: revenue is projected to grow by only 2.1 per cent, and pre-tax profit by 2.7 per cent.

Interestingly, the company benefited from the rising demand for cryptocurrencies. Its net crypto asset income increased by 353.2 per cent to CHF 85.5 million, making up about 13 per cent of its total revenue. Furthermore, its net fee and commission income, at CHF 178.2 million, also jumped by 24.7 per cent, mostly driven by demand for “foreign securities.”

However, due to low FX volatility, its eForex income declined by 6.4 per cent to CHF 94.7 million. Meanwhile, net trading income increased by 41.3 per cent due to strong foreign-currency-designated trading activity.

Customer Metrics Remains Strong

Apart from its financials, Swissquote’s client metrics also strengthened significantly. The total number of accounts increased by more than 75,000 last year, surpassing 650,000. Client assets on the platform also rose by 31.5 per cent, reaching CHF 76.3 billion by the end of 2024.

Additionally, it attracted CHF 8.3 billion in net new funds, with Swiss investors contributing CHF 5.1 billion and Europeans another CHF 2.2 billion.

Finance Magnates recently reported that Yuh, a finance app developed by Swissquote and PostFinance, became profitable in 2024.

Source: Finance Magnates