Ubs AG cash flow statement BDCZ

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Ubs AG generated $24.6 billion of cash from operations, up 190.8% from the year before.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
Operating
Stock-based compensation
1,064
+14.4%
930
+13.7%
818
Operating cash flow
24,562
+190.8%
-27,065
+4.0%
-28,202
Investing
Investing cash flow
-22,299
-118.2%
122,406
+2585.9%
-4,924
Financing
Financing cash flow
-33,760
-5.1%
-32,137
-263.2%
19,690
Change in cash
Effect of exchange rate
19,103
+285.2%
-10,315
-218.5%
8,704
Ratios
Cash conversion
6.89x
-17.65x
-8.51x
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry
National Commercial Banks (SIC 6021)
Listed as
AMUB (NYSE), BDCX (NYSE), BDCZ (NYSE), CEFD (NYSE), HDLB (NYSE), IFED (NYSE), MLPB (NYSE), MLPR (NYSE), MVRL (NYSE), PFFL (NYSE), SMHB (NYSE), UCIB (NYSE)
Fiscal year ends
December 31
Incorporated in
Switzerland
Headquarters
Zurich, Switzerland
SEC filer status
Non-accelerated filer
SEC CIK
1114446

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.