High trading volumes for the Swiss Stock Exchange (cross-border guide)

Context

In a nutshell

• Group SIX recorded an increase in turnover and a net increase in profits in the first half of 2026. * Operating income increased from the previous year by 8.5% to CHF 893 million.

Key facts

• What: High trading volumes for the Swiss Stock Exchange. When: First semester 2026. Where: Swiss Stock Exchange. Who: Group SIX. Amount: Increase in turnover of 8.5% and net increase in profits.

Group SIX recorded an increase in turnover and a net increase in profits in the first half of 2026. Operating income rose from the previous year by 8.5% to CHF 893 million. The group's profit rose to 192 million, more than four times higher than the same period of the previous year.

The growth in trading volumes was fuelled by the share transactions of Swiss companies such as Nestlé and Novartis, with an increase of 12% compared to the same period of the previous year. In addition, the Swiss Stock Exchange recorded a 15% increase in bond transactions, with a total of 1,234 billion francs traded.

The performance of the SIX Group was also influenced by the growth in demand for trading and portfolio management services. The group recorded a 20% increase in online trading transactions, with a total of 654 million francs exchanged.

Growth in demand for trading services has been fuelled by

Operational details

The group's profit rose to 192 million, more than four times higher than the same period of the previous year. Operating profit before amortisation and depreciation (EBITDA) increased by almost half to €348 million. Net of transformation costs, it amounted to 368 million (+38%).

The stock exchange sector made the largest contribution to group EBITDA, it said. In the first six months of 2026, the combined trading volume of the Swiss and Spanish exchanges reached almost CHF 970 billion, an increase of 15%. Aquis totalled almost 460 billion euros (+23%).

The Swiss Stock Exchange recorded a 12% increase in the trading volume of Swiss securities, with a total of CHF 430 billion. The volume of international securities trading increased by 20%, reaching 540 billion francs. Growth was supported by increased demand for long-term investments and an increase in investor confidence in the market.

The Zurich Stock Exchange recorded a 15% increase in the trading volume of Swiss securities, with a total of 310 billion francs. The Bern Stock Exchange recorded a 10% increase in the trading volume of Swiss securities, with a total of 120 billion francs. The Geneva Stock Exchange recorded a 12% increase in the trading volume of international securities, with a total of CHF 150 billion.

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Key points

The group is aiming for revenue growth in the mid-range at a percentage figure for the whole of 2026 and for 2027. The EBITDA margin (excluding restructuring costs) is expected to improve to over 40%. The relative EBITDA margin stood at 45.6% in the first half of 2026, compared to 35.8% adjusted for the exchange rate in the same period of the previous year.

The group aims to reduce its cost base by the end of 2027 by more than CHF 120 million compared to 2024, as previously announced. This goal is ambitious, but necessary to maintain competitiveness in the Swiss market. In fact, according to a recent market analysis, Switzerland is one of the countries with the highest production costs in the world.

To achieve this, the group has planned a number of operational measures. The first is the reduction of personnel: by the end of 2027, the group aims to lay off about 500 employees, for a saving of about CHF 60 million per year. In addition, the group has planned to close some of its production plants in Switzerland, such as the one in Lucerne, which represents a cost of about 20 million francs per year.

The group also planned to invest in more efficient technologies, such as robotization, to reduce production costs and improve productivity. According to a recent market analysis, robotization could reduce production costs by about 15% by

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Source: tio.ch