6-K ·Filed Jul 29, 2026

UBS

UBS Group AG
NEUTRAL
Impact 4/10
Horizondays Processed2mo ago SEC0001610520-26-000084
Actionable Insight • Neutral

These are standalone holding company financials, not consolidated UBS Group results. The decline in dividend income from UBS AG is a normal pass-through of the operating bank's earnings. Monitor the consolidated Q2 2026 results for the actual operating performance of UBS's banking and wealth management businesses.

DirectionNeutral
Confidencehigh
Horizondays
Latest settled — T+20d ⚠ clustered
UBS ▲ +5.25% at T+20d
NEUTRAL call ✓ call won +5.25% · α vs SPY +0.23% · entry $51.80 → $54.52
Next anchor: T+60d in 20d
Latest observation: T+44 -19.60% FF3 residual α
Entry anchored
Jul 28, 03:59 PM ET
via exchange tick
T+1d
+3.07%
call +3.07% · α +1.39%
$53.39
settled 2mo ago
T+5d
+3.42%
call +3.42% · α -2.11%
$53.57
settled 8w ago
T+20d
+5.25%
call +5.25% · α +0.23%
$54.52
settled 5w ago
T+60d
—
call — · α —
—
in 20d

Price Chart

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Executive Summary

UBS filed its Q2 2026 standalone holding company financials and investor presentation. The holding company's operating profit before tax declined 26% YoY to $4.9B, driven by a 28% drop in dividend income from UBS AG. The company also completed a $3.4B dividend payment and a share cancellation from the 2024 buyback program. The results are routine and reflect the expected pass-through of subsidiary earnings, with no material surprises or guidance changes.

Key Facts

  • UBS Group AG standalone net profit for H1 2026 was $4.9B (USD), down from $6.6B in H1 2025.
  • Dividend income from subsidiaries fell to $4.9B from $6.8B YoY, primarily due to a $2.0B decline in dividends from UBS AG.
  • An ordinary cash dividend of USD 1.10 per share totaling $3.4B was paid in Q2 2026.
  • 63.8 million shares were cancelled on April 15, 2026, reducing share capital by $6M.
  • Total assets at the holding company level were $206.4B as of June 30, 2026, essentially flat vs. year-end 2025.

Financial Impact

Holding company net profit declined 26% YoY to $4.9B, driven by lower subsidiary dividends. No impact on consolidated UBS Group results.

net profitdividend incomeoperating income

Risk Factors

  • Lower subsidiary earnings could reduce future dividends to the holding company.
  • Share cancellation and dividend payments reduce the holding company's capital reserves.

Market Snapshot

Exchange
NYSE
Sector
National Commercial Banks
Analyst Consensus
56% bullish (25 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 8 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (UBS) — Batch item 10001610520-26-000084
Document: 0001610520-26-000084-index-headers.html0001610520-26-000083
Document: 0001610520-26-000084-index.html0001610520-26-000084
Document: 0001610520-26-000084.txt0001610520-26-000084
6-K Filing (UBS) — Batch item 50001610520-26-000083
Document: 0001610520-26-000083-index-headers.html0001610520-26-000084
Document: 0001610520-26-000083-index.html0001610520-26-000084
Document: 0001610520-26-000083.txt0001610520-26-000084
11 reports for UBS
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+60▲ +19.89%Feb 28, 2026
Filters
Rows
Reports for UBS — sortable, filterable
TypeNow
Aug 14, 2026
7w ago
6-K
NEUTRAL ★ 3/10
$53.63 $52.99▼ −1.19%▲ +0.80%$47.78 (−10.92%)
Jul 29, 2026
9w ago
6-K
NEUTRAL ★ 2/10
$51.80 $54.52▲ +5.25%▲ +0.23%$47.78 (−7.77%)
Jul 29, 2026
9w ago
6-K
NEUTRAL ★ 3/10
$51.80 $54.52▲ +5.25%▲ +0.23%$47.78 (−7.77%)
Jul 29, 2026
9w ago
6-K
NEUTRAL ★ 3/10
$51.80 $54.52▲ +5.25%▲ +0.23%$47.78 (−7.77%)
Jul 29, 2026
9w ago
6-K
NEUTRAL ★ 4/10
$51.80 $54.52▲ +5.25%▲ +0.23%$47.78 (−7.77%)
Jul 29, 2026
9w ago
6-K
BULLISH ★ 6/10
$51.80 $54.52▲ +5.25%▲ +0.23%$47.78 (−7.77%)
May 5, 2026
21w ago
13F-HR
NEUTRAL ★ 3/10
$44.10 $48.16▲ +9.21%▲ +4.25%$47.78 (+8.33%)
Apr 29, 2026
22w ago
6-K
NEUTRAL ★ 2/10
$42.72 $47.16▲ +10.39%▲ +4.93%$47.78 (+11.83%)
Apr 22, 2026
23w ago
6-K
BEARISH ★ 8/10
$42.40 $45.56▼ −7.45%▼ −4.29%$47.78 (−12.68%)
Mar 31, 2026
26w ago
6-K
NEUTRAL ★ 3/10
$38.09 $43.38▲ +13.90%▲ +4.47%$47.78 (+25.43%)
Showing 10 of 11

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