Pictet Profit Surges as Client Assets Hit Record High

Pictet Group's first-half profit jumped by 12 percent to 371 million Swiss francs, driven by a record high in client assets. The Geneva-based wealth management firm posted a double-digit increase in consolidated net profit for the period ending June 30.

The group's operating income rose 4 percent to 1.637 billion francs, while total expenses before tax increased by just 1 percent to 1.165 billion francs. Pictet's profit growth significantly outpaced revenue and expense growth.

Assets under management or custody reached an all-time high of 810 billion francs as of June 30, a 7 percent increase from the end of 2025. In US dollar terms, this translates to $1.004 trillion.