The Swatch Group
CHF 182.05Change from previous close: −1.35%Absolute change: −CHF 2.50
At a glance
- Revenue growth
- −6.76%
- 2025 vs 2024
- Net income growth
- −98.45%
- 2025 vs 2024
- Net margin
- 0.0%
- 2024: 2.9%
Financial data
Amounts in millions of CHF; per-share values in CHF; shares in millions.
| Item | Q2 2026 | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 | Q4 2022 | Q2 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 3,121 | 3,221 | 3,059 | 3,290 | 3,445 | 3,869 | 4,019 | 3,887 | 3,612 | 3,921 |
| Cost of revenue | 567 | 612 | 506 | 602 | 530 | 608 | 569 | 681 | 628 | 816 |
| Gross profit | 2,554 | 2,609 | 2,553 | 2,688 | 2,915 | 3,261 | 3,450 | 3,206 | 2,984 | 3,105 |
| Selling, general and administrative | 1,207 | 1,683 | 1,227 | 1,741 | 1,316 | 1,815 | 1,292 | 1,719 | 1,199 | 1,637 |
| Operating income | 52.0 | 67.0 | 68.0 | 102 | 204 | 505 | 686 | 655 | 504 | 620 |
| EBIT | 52.0 | 67.0 | 68.0 | 102 | 204 | 505 | 686 | 655 | 504 | 620 |
| EBITDA | 256 | 239 | 276 | 270 | 406 | 664 | 878 | 821 | 709 | 799 |
| Interest expense | 2.0 | 3.0 | 1.0 | 2.0 | 1.0 | 2.0 | 2.0 | — | 3.0 | 2.0 |
| Pre-tax income | 52.0 | 86.0 | 72.0 | 120 | 225 | 499 | 653 | 653 | 443 | 609 |
| Income tax | 36.0 | 78.0 | 55.0 | 48.0 | 78.0 | 107 | 155 | 150 | 123 | 105 |
| Net income | 9.0 | — | 3.0 | 57.0 | 136 | 383 | 486 | 496 | 311 | 498 |
| Net income to common shareholders | 9.0 | — | 3.0 | 57.0 | 136 | 383 | 486 | 496 | 311 | 498 |