Swissquote Lowers Profit Forecast After Sharp Drop in Crypto Revenue

cryptonews.ru2026-08-13 tarihinde yayınlandı2026-08-13 tarihinde güncellendi

Özet

Swissquote has lowered its full-year profit and revenue forecasts following a sharp decline in cryptocurrency-related income in the first half of the year. The Swiss online banking group reported a 66.2% drop in net crypto revenue to CHF 14.6 million, while crypto trading volume fell 63.5% to CHF 2.58 billion. The company attributed the weak performance to falling prices of major digital assets like Bitcoin and Ethereum, along with a CHF 5.3 million loss on its own crypto holdings. Despite the crypto slump, other business areas provided some support. Client assets grew by nearly 20% to CHF 96.3 billion, and higher interest income helped limit the overall profit decline. However, investors reacted negatively, with Swissquote Group's share price (ticker SQN) falling 14% following the guidance revision. The company now expects full-year net revenue to be approximately CHF 730 million, about CHF 30 million lower than previous projections.

Swissquote has revised its full-year profit and revenue forecasts downwards following a weak first half: revenues from cryptocurrency operations have plunged sharply, and Swissquote Group shares have declined after the publication of the new outlook.

Main Points

Metric — Value — Change (%)

Net crypto income — 14.6 million Swiss francs in the first half — -66.2%

Cryptocurrency trading volume — 2.58 billion Swiss francs, or approximately 3.2 billion dollars — -63.5%

Swissquote Group shares — SQN stock fell after the announcement — -14%

Cryptocurrency Revenue Sharply Declines

Swiss banking group Swissquote Group, whose stock trades under the ticker SQN, has lowered its full-year forecasts after weak performance in its cryptocurrency segment. Net income from cryptocurrencies for the first six months fell by 66.2% to 14.6 million Swiss francs, or approximately 18 million dollars.

Trading activity also dropped significantly. The volume of cryptocurrency transactions for the Gland-based fintech company decreased by 63.5% to 2.58 billion Swiss francs. Against this backdrop, Swissquote lowered its full-year net revenue forecast by approximately 30 million francs, to 730 million francs.

What Influenced the Forecast Revision

The company attributed the deterioration in expectations to falling prices for most digital assets. Several factors most strongly impacted Swissquote's performance in this period:

  • Cryptocurrency market dynamics: The decline in Bitcoin, Ethereum, and the CoinDesk 20 index hit trading activity and crypto revenues.
  • Own cryptocurrency holdings: A loss of 5.3 million Swiss francs on these added pressure to the results.
  • Client activity: The reduction in cryptocurrency trading volume directly lowered revenues from this segment.
  • Competition and regulation: For the online broker, these factors are important because they affect commissions, compliance costs, and growth rates.

In the six months ending June 30th, Bitcoin lost 33%. Ethereum, the second-largest cryptocurrency by market cap, fell 47%, and the CoinDesk 20 index declined 40%.

The updated outlook now accounts for a weaker-than-expected situation in the cryptocurrency market.

Why the Overall Position Remained More Resilient

Despite the collapse of the cryptocurrency segment, other areas helped cushion the blow to financial results:

  • Growth outside of cryptocurrency trading supported the overall revenue level.
  • An increase in net interest income helped limit the decline in profit.

Swissquote's client assets grew by nearly 20% to reach 96.3 billion Swiss francs. This was an important detail for investors, although the market still reacted harshly: the stock as a security lost 14% after the announcement. Against the backdrop of the revised expectations, investments in SQN came under pressure.

What Else Investors Should Watch

For evaluating SQN, it is useful to compare news flow with fundamental indicators and official reporting.

  • Swissquote's financial statements and presentations help verify revenue, profit, and client asset dynamics.
  • Analytical platforms and specialized media provide reviews of news, multiples, and changes in target prices.
  • Key metrics for analysis: P/E, P/B, ROE, profit margin, debt load, EPS, and dividend yield.
  • Arguments in favor of SQN: Growth in client assets, support from net interest income, and business outside of cryptocurrencies.
  • Risks for SQN: Weak cryptocurrency revenue, decline in trading volume, and revision of annual guidance.
end-content

İlgili Sorular

QWhy did Swissquote Group revise its full-year profit and revenue forecasts downwards?

ASwissquote revised its full-year profit and revenue forecasts downwards primarily due to a sharp decline in its cryptocurrency business. Net income from cryptocurrencies fell by 66.2% in the first half of the year, and trading volume for cryptocurrencies dropped by 63.5%. The company cited the falling prices of major digital assets like Bitcoin and Ethereum, a loss on its own crypto holdings, and reduced client trading activity as key reasons.

QWhat were the key financial impacts from the cryptocurrency segment on Swissquote's H1 results?

AThe key negative impacts from the cryptocurrency segment were: a 66.2% decrease in net income from cryptocurrencies to 14.6 million Swiss francs, a 63.5% drop in cryptocurrency trading volume to 2.58 billion Swiss francs, and a loss of 5.3 million Swiss francs on the company's own cryptocurrency inventories.

QHow did Swissquote's non-cryptocurrency business perform, and what positive indicator was highlighted?

AThe non-cryptocurrency business helped cushion the overall financial results. Growth in areas outside of crypto trading supported overall revenue levels, and an increase in net interest income helped limit the decline in profit. A major positive indicator was that client assets under management grew by nearly 20% to 96.3 billion Swiss francs.

QHow did the market react to Swissquote's revised forecasts?

AThe market reacted negatively. Following the announcement of the revised forecasts, Swissquote Group's share price (ticker SQN) fell by 14%.

QWhat are some of the key financial metrics mentioned for investors to analyze Swissquote (SQN)?

AThe article suggests investors look at key financial metrics such as the Price-to-Earnings (P/E) ratio, Price-to-Book (P/B) ratio, Return on Equity (ROE), profit margins, debt load, Earnings Per Share (EPS), and dividend yield.

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