Personnel expenses (Tables)	6 Months Ended
Jun. 30, 2026
Personnel Expenses [Line Items]
Personnel expenses	Personnel expenses Year-to-date USD m 30.6.26 30.6.25 Salaries and variable compensation 1 10,733 10,011 of which: variable compensation – financial advisors 2 3,029 2,744 Contractors 48 77 Social security 662 610 Post-employment benefit plans 424 477 Other personnel expenses 385 383 Total personnel expenses 12,252 11,559 1 Includes role-based allowances. 2 Financial advisor compensation mainly consists of cash compensation, determined using a formulaic approach based on production, and deferred awards. It also includes expenses related to compensation commitments with financial advisors entered into at the time of recruitment that are subject to vesting requirements.

Personnel expenses (Tables)

6 Months Ended

Jun. 30, 2026

Year-to-date

USD m

30.6.26

30.6.25

Salaries and variable compensation

10,733

10,011

of which: variable compensation – financial advisors

3,029

2,744

Contractors

Social security

662

610

Post-employment benefit plans

424

477

Other personnel expenses

385

383

Total personnel expenses

12,252

11,559

1 Includes role-based allowances.

2 Financial advisor compensation mainly consists of

cash compensation, determined using a formulaic approach

based on production, and deferred awards. It also

includes expenses

related to compensation commitments with financial advisors entered into at the time of recruitment that are subject to vesting requirements.