SIX has reported “record operational results” for 2025, with a 5.4% increase of its net operating income, up to CHF 1.496.5 million.
Highlighting the key drivers behind this growth, the group pointed towards factors such as higher trading volumes and market and real-time data increases, as well as key developments for its four business areas, such as the completion of the Aquis and Baymarkets acquisitions, and the launch of a new extended trading hours segment for structured products in December.
Bjørn Sibbern, chief executive of SIX described the growth as the “strongest operational results in SIX’s history,” adding that the firm’s current business model “is here to stay… providing a one stop shop for clients.”
He also added: “Our record operational results reflect the continued success of SIX in unlocking potential across all four business units. We have delivered broad and sustained growth in the context of easing inflation, elevated market volatility, and mounting geopolitical uncertainty.”
The increases and positive results also align with SIX’s plans to drive forward its ‘Scale Up 2027’ growth strategy, to propel topline growth, align operating models, streamline governance and optimise project, product and participation portfolios.
Strong growth was recorded across most of SIX’s core business units, with the exchanges sector in particular noting marked developments.
Specifically, the unit saw a 14.8% increase from 2024, up to CHF 374.5 million, largely driven by sustained demand across core product categories, high trading volumes and market data and connectivity developments.
In a similar vein, strong performance in market data and display products and services saw positive growth across the financial information business unit, which raked in a net operating income of CHF 408.2, a year-on-year increase of 2%.
Moreover, the banking services arm also grew, up by 14.2% year-on-year to CHF 221.1 million.
Despite this, SIX’s securities service unit did not perform as well as its business counterparts, recording a decline of 3.2% of net interest income in comparison to 2024.
Although the firm confirmed that growth was seen across core products and service segments, spanning custody, clearing and trade repository, a lower interest environment contributed to this decrease, with income amounting to CHF 439 million for 2025.
Looking ahead, SIX confirmed that it would continue on its path to creating a “truly European” offering for its clients, with future plans set to combine SIX x-clear with BME to create a unified multi-asset central counterparty (CCP) service across Europe.
In addition, Sibbern confirmed that the firm plans to migrate its Swiss and Spanish equity markets onto the Aquis platform over the course of 2026, with the aim of providing clients with access to multiple markets through a single connection.
“When I look at our opportunity to grow going forward, we are trying to scale up, be more focused and strategic around investments,” commented Sibbern.
“We are looking at where we are strong in Spain and Switzerland, as well as where we are strong as a company and use that to grow with our customers and into Europe.”