Brokerage group Swissquote released its results for the first half of 2025 on Thursday morning.
The broker saw total revenues of CHF 358.2m ($444.6m) in the six month period – a 13% uplift to last year’s numbers.
Net income for the period rose 9% to CHF 158.2m ($196.4m).
Revenue was also spread neatly across a range of different asset classes. Trading in FX/CFD products made up 27% of total revenues. The largest chunk of that – 15% of total revenues – came from leveraged trading in precious metals.
Swissquote had 708,393 accounts at the end of the period, a 9% increase on last year. The average balance in those accounts was CHF 113,439 ($140,813).
That figure reflects the fact the company has become a place where people are happy to keep sizeable amounts of cash for long-term investing.
Indeed, as the picture above shows a decent chunk of revenues at the firm now comes from cash equities, long-term investment products, and interest on cash balances.
Total client assets at the firm are now around $100bn. Cash holdings represent 15% of that amount, which explains why the firm was able to generate so much interest income.
