Credit Suisse
Financial Performance
Credit Suisse Revenue & Financials
Revenue
~$17.9B (FY2022)
Market Cap
$3.3B
Employees
50,480
What is Credit Suisse's revenue?
Credit Suisse had ~$17.9B in revenue for fiscal year 2022, down 34.3% from 2021. It reported a net loss of ~$8.8B.
- Latest revenue
- ~$17.9B (FY2022)
- Year-over-year
- -34.3%
- Growth rate (CAGR)
- -18.4% over 2 years
- Peak revenue
- ~$27.2B (FY2021)
- Years of data
- 3
- Employees
- 50,480
- How much profit does Credit Suisse make?
- Credit Suisse reported a net loss of ~$8.8B for fiscal year 2022. sec.gov
- How many employees does Credit Suisse have?
- Credit Suisse has about 50,480 employees.
Financial Analysis
Credit Suisse earned ~$27 billion (CHF 22.5 billion) of net revenue in 2019 and a profit of ~$4.08 billion (CHF 3.4 billion). The Archegos loss pushed 2021 to a ~$1.98 billion (CHF 1.65 billion) net loss, and 2022 was far worse: revenue fell 34% to ~$17.9 billion (CHF 14.9 billion) and the net loss reached ~$8.76 billion (CHF 7.3 billion). Clients pulled ~$133 billion (CHF 110.5 billion) of net assets in the fourth quarter of 2022, and renewed outflows in March 2023 forced the sale to UBS. Credit Suisse experienced a historic collapse and was acquired by rival UBS in a state-orchestrated rescue for approximately $3.2 billion in 2023.
Revenue Trend Analysis
YoY Change
-34.3%
2-Year CAGR
-18.4%
Peak Year
2021
Trend
Not enough comparable years
Credit Suisse has 3 full fiscal year figures on this page, compounding at -18.4% annually over 2 years. The most recent year saw a 34.3% decline versus the prior year. Annual revenue peaked in fiscal year 2021 at ~$27.2B. Of 2 comparable year-over-year steps, 1 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2022 | ~$17.9B | -~$8.8B | -34.3% | Credit Suisse Earnings Release 4Q22 (SEC) Net revenues, calendar year 2022, down 34%. Last full year before UBS took over Credit Suisse in June 2023. |
| FY2021 | ~$27.2B | -~$2B | +1.4% | Credit Suisse Earnings Release 4Q22 (SEC) Net revenues, calendar year 2021; net loss driven by Archegos. |
| FY2020 | ~$26.9B | ~$3.2B | — | Credit Suisse Annual Report 2022 (prior-year comparison) Net revenues, calendar year 2020. |
Click any row to see year details.
Keep researching Credit Suisse
Credit Suisse Revenue and Financial FAQ
What was the purchase price paid by UBS for Credit Suisse in March 2023?
UBS paid CHF 3.0 billion (about $3.25 billion) in UBS shares, at one UBS share for every 22.48 Credit Suisse shares. That was a small fraction of the bank's value before the 2008 crisis, when its market capitalization was many times higher.
How large were the outflows at Credit Suisse before its collapse?
Credit Suisse reported net asset outflows of ~$133 billion (CHF 110.5 billion) in the fourth quarter of 2022, mostly from wealth management clients. Outflows continued in early 2023, and the Silicon Valley Bank failure in March 2023 turned them into a run.
What were Credit Suisse's financial losses in 2021 and 2022?
Credit Suisse lost ~$1.98 billion (CHF 1.65 billion) in 2021, hit by the Archegos default, and ~$8.75 billion (CHF 7.29 billion) in 2022 on net revenues of ~$17.9 billion (CHF 14.92 billion). The 2022 loss included a large write-down of deferred tax assets, investment bank losses and restructuring costs.
What was the scale of Swiss government and central bank emergency liquidity support?
The Swiss National Bank made up to $120 billion (CHF 100 billion) of emergency liquidity assistance available, plus a ~$120 billion (CHF 100 billion) public liquidity backstop guaranteed by the Swiss government. UBS ended the backstop and the government loss guarantee in August 2023.
What negative goodwill (accounting gain) did UBS record from the Credit Suisse acquisition?
In the second quarter of 2023, UBS recorded a historic accounting negative goodwill gain of $28.9 billion, representing the difference between the $3.25 billion purchase price and Credit Suisse's net balance sheet asset value.
How large was Credit Suisse's balance sheet at the time of the merger?
Credit Suisse had about $637 billion (CHF 531 billion) of total assets at the end of 2022. Combined with UBS, the group's balance sheet was roughly twice the size of Switzerland's annual GDP.
What major fines and settlements did Credit Suisse pay?
Big cases included a $2.6 billion US guilty plea for helping Americans evade taxes (2014), a $5.28 billion US settlement over mortgage-backed securities (2017), and about $475 million to US, UK and Swiss authorities over the Mozambique 'tuna bonds' (2021).
When did Credit Suisse shares cease trading on the stock exchange?
Credit Suisse Group AG shares officially ceased trading and were delisted from the SIX Swiss Exchange and the New York Stock Exchange (ticker: CS) on June 13, 2023, ending 167 years of independent public trading.
What happened to the Credit Suisse AT1 bonds?
FINMA ordered about $19.8 billion (CHF 16.5 billion) of Credit Suisse AT1 bonds written down to zero in March 2023. In October 2025 the Federal Administrative Court ruled the write-down unlawful. FINMA and UBS appealed to the Federal Supreme Court, so the ruling is not enforced while the appeal runs.
Why did Credit Suisse fail?
The bank suffered a catastrophic crisis of confidence following years of massive scandals. In 2021 alone, they lost $5.5 billion from the collapse of Archegos Capital and suffered severe reputational damage from the Greensill Capital scandal, completely destroying client trust.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Credit Suisse Revenue & Financials." CorpDigest, https://corpdigest.com/company/credit-suisse/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Credit Suisse reported ~$17.9B in revenue (FY2022).</strong><br>Source: <a href="https://corpdigest.com/company/credit-suisse/financials" target="_blank" rel="noopener">CorpDigest — Credit Suisse financials</a></div>Related Financial Audits
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