Swissquote has issued a brief statement regarding its 2024 full-year results, reporting “better than anticipated financial numbers” as the year came to a close.

The company attributed its positive results to two key factors: favorable market conditions and its growing involvement in crypto. Though Swissquote was a late entrant into the crypto trading space, having recently launched full fractional crypto and shares CFDs trading, the move has already positively impacted both its top and bottom lines.

Swissquote Reports Better-Than-Expected 2024 Financial Results

According to the limited figures released by Swissquote, the company experienced a 7% rise in revenues during the second half of 2024. Second-half revenues reached a record CHF 338 million (USD $371 million), compared to CHF 316.9 million in the first half of the year. For the full year, Swissquote’s revenues totaled CHF 655 million ($719 million).

On the bottom line, Swissquote reported a pre-tax profit of CHF 175 million in the second half of 2024, representing a 3% increase from CHF 169.7 million in the first half of the year.

The stock market reacted positively to the news, with Swissquote shares trading up by just over 1% on Friday morning. At CHF 359.40 per share, the company is nearing an all-time high, with a market capitalization of CHF 5.5 billion (USD $6.1 billion).

Swissquote’s full financial report for 2024 is ready to be available on March 20, 2025.

The full statement released by Swissquote highlights the following:

• Net revenues for 2024 were CHF 655 million.
• Pre-tax profit is going to reach at least CHF 345 million.
• Client assets stood at CHF 76 billion as of December 31, 2024.
• Net new monies amounted to CHF 8.3 billion for the year.

The company noted that the strong results were due to favorable market conditions, particularly in the crypto sector.

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