Swissquote Group Holding SA — Cyborg Score 8/10

Strong
Online Financial Services / Digital Banking / Securities Trading

Strategic Profile

Swissquote is positioned as a premium digital-banking franchise within the Financial Services sector. The company benefits from demand for AI-driven execution and analytics in Financial Services and Capital Markets. Swissquote offers crypto trading on platforms including its mixed-asset trading platforms Swissquote and Yuh.

Cyborg Score Rationale

Revenue grew 24.44% to CHF687.25M in 2024 with earnings up 35.17%. Fundamentals show solid metrics: EPS CHF20.38, PE 20.81, and strong ROE 26.44%. Key risks include trading revenue volatility, tighter market liquidity, and higher regulatory costs in Switzerland and EU markets.

Top Insights

  • Net income per share growth was 34.75% year-over-year, showing operating leverage.
  • Strong cash position of CHF392.67 per share with free cash flow per share of CHF53.40, supporting dividend of CHF6.00.
  • Year-to-date SQN.SW is down 14.72% while the sector is down 7.58%, highlighting relative underperformance.
  • Potential catalysts include stronger FY 2026 earnings (announcement 19 Mar 2026), product launches in AI-driven advisory, and renewed inflows into digital brokerage.

Named Competitors

  • Interactive Brokers — Global online brokerage and trading platform
  • Degiro — European discount brokerage platform
  • UBS — Swiss universal banking and wealth management
  • Credit Suisse — Swiss banking and investment services

Recent Developments

  • (Feb 2026) Stock trading at CHF405-428, down 14% YTD amid sector volatility and profit-taking
  • (Jan 2026) Upgraded to Outperform from Neutral by Oddo BHF; UBS maintains Sell rating
  • (Dec 2024) 2024 results showed 24% revenue growth to CHF687M and 35% earnings growth

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