EFG International AG (EFGN) Q2 2026 Earnings Report

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Previous Report: Q4 2025

CH:EFGN Q2 2026 EPS Results

Actual EPSCHF0.57

Consensus EPSCHF0.60

Beat/MissMissed by -CHF0.03

One Year Ago EPSCHF0.71

CH:EFGN Q2 2026 Revenue Results

Actual RevenueCHF1.31B

Expected RevenueCHF876.67M

Beat/MissBeat by +CHF430.33M

YoY Revenue Growth+0.91%

Earnings Announcement Details

QuarterQ2 2026

Date07/22/2026

TimeBefore Open

Conference CallWednesday, July 22, 2026

CH:EFGN Upcoming Earnings

EFG International AG's next earnings date is estimated for February 17, 2027, based on past reporting schedules.

Q2 2026 Earnings Call Audio

CH:EFGN Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 22, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong, broad‑based commercial momentum (record AUM, sustained net new asset growth, highest semester profit, RoTE ahead of targets), resilient commission and operating income growth, and notable capital and liquidity strength. Key near‑term challenges relate to margin compression driven by lower interest income and waning life insurance contribution, acquisition‑related cost drag and integration timing, and remaining work to hit the cost‑income target. On balance the company presented tangible progress against its 2028 targets with clear mitigation plans for the main headwinds.

Company Guidance

Guidance from the call emphasized a confident start to the 2026–2028 plan backed by strong H1 results: Assets under Management have crossed CHF 200bn after the Quilvest closing, net new assets were CHF 5.7bn (annualized NNA growth 6.2%, 15th consecutive semester of positive NNA), operating income topped CHF 850m, IFRS net profit was CHF 185m (best semester), return on tangible equity 22.4% (vs 20% ROTE target for 2028), and management reiterated a 15% CAGR target for IFRS net profit to 2028; revenue margin was ~91bp in H1 (90bp excluding life insurance) with interest-related ~28bp and commission margin ~46bp (mandate penetration 67%, net commission income +20% YoY), net other income ~16bp, and life‑insurance revenue expected to phase out; cost‑to‑income was 71.5% (end‑2025 base 73%, target 68% by 2028 with ~1.5–2pp annual reduction; Simplicity 2.0 targets CHF70–80m of savings by 2028 with CHF15–20m expected in 2026 and ~CHF7–8m recognized in H1); headline costs +8% YoY driven by acquisitions but flat ex‑acquisitions, two acquisitions contributing and full IT integration/synergies expected by H1 2027, AuM per CRO CHF 360m (39 hires in H1 + 33 offers =72, annual hiring guidance 50–70), strong organic capital generation of 2.3ppt (230bp) lifting CET1 to ~15% and total capital to 18.3%, LCR 267%, liquid assets ~CHF20bn, share buyback of 2m shares to fund incentives, and a progressive 60% dividend payout policy.

Assets under Management Milestone

Closed Quilvest acquisition and for the first time crossed CHF 200 billion AUM (management noted prior organic growth from CHF 166bn to approx. CHF 200bn); year‑on‑year AUM growth in excess of 23%.

Strong Net New Assets (NNA)

Net new assets of CHF 5.7 billion in H1 2026, representing annualized growth of 6.2% (above the 4%–6% target range); 15 consecutive semesters of positive NNA and last five semesters >5%.

Record Semester Profitability and RoTE

IFRS net profit of CHF 185 million for H1 2026 (best semester ever), up 5% YoY; return on tangible equity at 22.4%, +3 percentage points YoY and ahead of the 20% 2028 target.

Revenue and Commission Momentum

Operating income grew ~7% YoY to over CHF 850 million; net commission income increased ~20% YoY and commission margin rose from ~44 bps to ~46 bps, aided by mandate penetration of 67%.

Capital and Liquidity Strength

Organic capital generation contributed strongly (management cited ~230 basis points of organic capital generation), CET1 increased by ~100 bps to >15% and total capital ratio reached 18.3%; liquidity buffer ~CHF 20 billion and LCR ~267%.

Operational Execution and CRO Productivity

Hires: 39 CROs onboarded and 33 additional CROs signed/issued offers (72 total in period, at/above annual hiring guidance); AuM per CRO reached a record CHF 360 million (approximately double vs eight years ago).

Progress on Cost Efficiency Program

Cost-to-income improved to 71.5% (1.6 percentage point improvement vs H2 2025); Simplicity 2.0 cost program is underway with CHF 15m–20m expected in 2026 and CHF 70m–80m targeted run-rate benefits by end‑2028 (about half identified/executing today).

CH:EFGN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Feb 17, 2027	2026 (Q4)	0.61 / -	0.4	―
Jul 22, 2026	2026 (Q2)	0.60 / 0.57	0.71	-19.72% (-0.14)
Feb 18, 2026	2025 (Q4)	0.50 / 0.40	0.497	-19.52% (-0.10)
Jul 23, 2025	2025 (Q2)	- / 0.71	0.51	39.22% (+0.20)
Feb 19, 2025	2024 (Q4)	0.50 / 0.50	0.49	1.43% (<+0.01)
Jul 24, 2024	2024 (Q2)	0.50 / 0.51	0.45	13.33% (+0.06)
Feb 21, 2024	2023 (Q4)	- / 0.49	0.285	71.93% (+0.21)
Jul 26, 2023	2023 (Q2)	- / 0.45	0.296	52.03% (+0.15)
Feb 22, 2023	2022 (Q4)	- / 0.28	0.271	5.17% (+0.01)
Jul 21, 2022	2022 (Q2)	- / 0.30	0.271	9.23% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed