v3.25.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flow from / (used in) operating activities    
Net profit / (loss) $ 4,105 $ 2,939
Non-cash items included in net profit and other adjustments:    
Depreciation, amortization and impairment of non-financial assets 1,759 1,798
Credit loss expense / (release) 263 201
Share of net (profit) / loss of associates and joint ventures and impairment related to associates (157) (110)
Deferred tax expense / (benefit) (607) 127
Net loss / (gain) from investing activities (153) 95
Net loss / (gain) from financing activities 13,603 (3,961)
Other net adjustments (31,208) 18,094
Net change in operating assets and liabilities:    
Amounts due from banks and amounts due to banks 6,953 675
Receivables from securities financing transactions measured at amortized cost 14,925 13,812
Payables from securities financing transactions measured at amortized cost 1,509 (38)
Cash collateral on derivative instruments (3,533) (2,120)
Loans and advances to customers (7,214) 13,445
Customer deposits (1,952) (9,900)
Financial assets and liabilities at fair value held for trading and derivative financial instruments 33,794 (4,779)
Brokerage receivables and payables 5,294 (101)
Financial assets at fair value not held for trading and other financial assets and liabilities (11,885) (15,110)
Provisions and other non-financial assets and liabilities (3,275) (1,986)
Income taxes paid, net of refunds (1,331) (1,223)
Net cash flow from / (used in) operating activities 20,889 11,858
Cash flow from / (used in) investing activities    
Purchase of subsidiaries, business, associates and intangible assets (17) 0
Disposal of subsidiaries, business, associates and intangible assets 482 55
Purchase of property, equipment and software (1,109) (913)
Disposal of property, equipment and software 62 40
Purchase of financial assets measured at fair value through other comprehensive income (7,175) (2,132)
Disposal and redemption of financial assets measured at fair value through other comprehensive income 2,772 2,501
Purchase of debt securities measured at amortized cost (14,792) (1,850)
Disposal and redemption of debt securities measured at amortized cost 5,625 4,848
Net cash flow from / (used in) investing activities (14,150) 2,549
Cash flow from / (used in) financing activities    
Repayment of Swiss National Bank funding   (42,587)
Net issuance (repayment) of short-term debt measured at amortized cost 3,002 (3,384)
Net movements in treasury shares and own equity derivative activity (2,073) (1,786)
Distributions paid on UBS shares (2,866) (2,256)
Issuance of debt designated at fair value and long-term debt measured at amortized cost 61,836 59,080
Repayment of debt designated at fair value and long-term debt measured at amortized cost (71,129) (71,389)
Inflows from securities financing transactions measured at amortized cost 565 2,863
Outflows from securities financing transactions measured at amortized cost (1,561) (2,052)
Net cash flows from other financing activities (544) (404)
Net cash flow from / (used in) financing activities (12,769) (61,916)
Total cash flow    
Cash and cash equivalents at the beginning of the period 244,090 340,207
Net cash flow from / (used in) operating, investing and financing activities (6,030) (47,510)
Effects of exchange rate differences on cash and cash equivalents 20,992 (13,733)
Cash and cash equivalents at the end of the period 259,052 278,964
of which: cash and balances at central banks 236,193 248,336
of which: amounts due from banks 19,821 19,811
of which: money market paper 3,039 10,818
Net cash flow from / (used in) operating activities includes:    
Interest received in cash 21,679 28,362
Interest paid in cash 19,602 24,087
Dividends on equity investments, investment funds and associates received in cash $ 1,803 $ 1,529