v3.26.1
Net fee and commission income
 6 Months Ended
Jun. 30, 2026
Net fee And Commission Income [Line Items]  
Net fee and commission income
Note 4
Net fee and commission income
Net fee and commission income
Year-to-date
USD m
30.6.26
30.6.25
Underwriting fees
617
433
M&A and corporate finance fees
497
470
Brokerage fees
3,452
2,636
Portfolio management, investment fund and related services fees
1
10,525
9,412
Other
2
1,733
1,836
Total fee and commission income
3
16,824
14,787
of which: recurring
10,477
9,372
of which: transaction-based
6,305
5,342
of which: performance-based
42
73
Fee and commission expense
4
1,514
1,302
Net fee and commission income
15,310
13,485
of which: recurring net fee and commission income
9,731
8,831
of which: Global Wealth Management
7,328
6,630
of which: Personal & Corporate Banking
900
788
of which: Asset Management
1,420
1,350
of which: transaction-based net fee and commission income
5,537
4,585
of which: Global Wealth Management
2,118
1,713
of which: Personal & Corporate Banking
738
627
of which: Asset Management
17
27
of which: performance-based net fee and commission income
42
69
of which: Asset Management
42
69
1 Fees for portfolio management and related services and investment
fund fees are presented on a combined basis. Comparative-period information has been
aligned with the information presented for the six-month
period ended 30 June
2026. This category
includes fees earned
on portfolio management
mandates with clients
and management and
performance fees earned
on UBS-managed funds
and third-party-managed
funds.
2 Includes accretion of PPA
adjustments on financial instruments
for the six-month period ended
30 June 2026 of USD
141
m (for the six-month period
ended 30 June 2025: USD
361
m).
3 For the six-
month period ended 30
June 2026 reflects third-party
fee and commission income
of USD
9,944
m for Global Wealth
Management, USD
1,734
m for Personal & Corporate
Banking, USD
2,064
m for Asset Management,
USD
3,044
m for the Investment Bank, USD
7
m for Non-core and Legacy,
and USD
30
m for Group Items (for the
six-month period ended 30 June 2025:
USD
8,759
m for Global Wealth Management,
USD
1,519
m
for Personal & Corporate
Banking, USD
1,922
m for Asset Management, USD
2,493
m for the Investment Bank, USD
76
m for Non-core and Legacy,
and USD
17
m for Group Items).
4 Includes brokerage expense
for the six-month period ended 30 June 2026 of USD
208
m (for the six-month period ended 30 June 2025: USD
168
m).