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Q1 2026 UBS Group (NYSE: UBS) debt and equity breakdown

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

UBS Group AG filed a Form 6-K providing a snapshot of its capitalization in US dollars under IFRS Accounting Standards as of 31 March 2026 and incorporating this information into existing registration statements.

As of 31 March 2026, UBS Group reported short-term debt issued of USD 97,642m and long-term debt issued of USD 246,279m, for total debt issued of USD 343,922m. Of the long-term debt, USD 21,133m was eligible as high-trigger loss-absorbing additional tier 1 capital instruments, and 88% of total debt was unsecured. Equity attributable to shareholders was USD 92,247m and equity attributable to non-controlling interests was USD 255m, resulting in total capitalization of USD 436,424m, compared with USD 418,984m as of 31 December 2025.

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Short-term debt issued USD 97,642m As of 31 March 2026
Long-term debt issued USD 246,279m As of 31 March 2026
Total debt issued USD 343,922m As of 31 March 2026
AT1 capital within long-term debt USD 21,133m High-trigger loss-absorbing instruments, 31 March 2026
Equity attributable to shareholders USD 92,247m As of 31 March 2026
Total capitalization USD 436,424m As of 31 March 2026 vs USD 418,984m at 31 Dec 2025
Unsecured share of total debt 88% Portion of total debt issued unsecured, 31 March 2026
IFRS Accounting Standards financial
"UBS Group AG’s consolidated financial statements are prepared in accordance with IFRS Accounting Standards."
International Financial Reporting Standards (IFRS) are a set of common rules for preparing company financial reports so numbers like profit, assets and debt are presented consistently across countries. Think of them as a standardized recipe or blueprint that helps investors compare businesses the same way they would compare cars using the same list of features; consistent reporting reduces surprises and makes it easier to assess value, risk and performance.
additional tier 1 capital instruments financial
"eligible as high-trigger loss-absorbing additional tier 1 capital instruments 21,133 17,551"
Form 20-F regulatory
"annual report on Form 20-F for the year ended 31 December 2025"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
Form F-3 regulatory
"incorporated by reference into (1) the registration statement on Form F-3"
Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.
Form S-8 regulatory
"the registration statements of UBS Group on Form S-8"
A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.
non-controlling interests financial
"Equity attributable to non-controlling interests 255 271"
An ownership stake in a subsidiary held by outside shareholders rather than the parent company, representing the portion of that subsidiary’s assets and profits the parent does not control. For investors, it shows what part of consolidated earnings and equity belongs to others — like a roommate who owns part of a house — which affects how much value and profit per share are truly attributable to the parent company’s shareholders.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_________________
FORM 6-K
REPORT OF FOREIGN PRIVATE
ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Date: April 29, 2026
UBS Group AG
(Registrant's Name)
Bahnhofstrasse 45, 8001 Zurich, Switzerland
(Address of principal executive office)
Commission File Number: 1-36764
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
Form 20-F
Form 40-F
UBS Group AG produces regular annual and quarterly reports, which are submitted to the SEC
under
Forms
20-F
and
6-K,
respectively.
UBS
Group
AG’s
consolidated
financial
statements
are
prepared
in
accordance
with
IFRS
Accounting
Standards.
SEC
regulations
require
certain
additional
disclosures to be
included in registration
statements relating to
offerings of securities.
Certain of these
additional disclosures follow herein, and should
be read in conjunction with the annual
report on Form
20-F for the
year ended 31
December 2025 of
UBS Group AG,
filed with the
SEC on March
9, 2026,
as well as UBS
Group AG’s
first quarter 2026
report, submitted to
the SEC on Form
6-K on April 29,
2026.
Capitalization of UBS Group AG
The
table
below
presents
the
consolidated
capitalization
of
UBS
Group
AG
in
accordance
with
IFRS
Accounting
Standards in US dollars, the presentation currency of UBS Group AG.
As of
USD m
31.3.26
31.12.25
Debt:
Short-term debt issued
1
97,642
92,096
Long-term debt issued
2
246,279
236,405
of which: eligible as high-trigger loss-absorbing additional tier 1 capital instruments
21,133
17,551
Total debt issued
3
343,922
328,501
Equity attributable to shareholders
92,247
90,213
Equity attributable to non-controlling interests
255
271
Total capitalization
436,424
418,984
1 Short-term debt issued consists of debt issued (reflected on
the balance sheet lines Debt issued measured at amortized
cost and Debt issued designated at fair value) by
UBS Group AG and
its subsidiaries with a remaining contractual
maturity of less than one year without
considering any early redemption features.
2 Long-term debt issued consists of debt
issued (reflected on
the balance sheet lines Debt issued measured at amortized cost and Debt
issued designated at fair value) by UBS Group AG
and its subsidiaries with a remaining contractual maturity
of more
than one year without considering any early redemption features.
3 As of 31 March 2026, 88% of the total debt issued was unsecured.
This
Form
6-K
is
hereby
incorporated
by
reference
into
(1)
the
registration
statement
on
Form
F-3
(Registration
Number
333-293403),
(2)
the
registration
statements
of
UBS
Group
AG
on
Form
S-8
(Registration Numbers 333-200634; 333-200635; 333-200641; 333-200665; 333-215254; 333-215255;
333-228653; 333-230312;
333-249143 and
333-272975), and
(3) into
each prospectus
outstanding under
any of the foregoing registration statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
UBS Group AG
By: _/s/ David Kelly _____________
Name:
David Kelly
Title:
Managing Director
By: _/s/ Ella Copetti-Campi ______________
Name:
Ella Copetti-Campi
Title:
Executive Director
Date:
April 29, 2026

FAQ

What capitalization did UBS (UBS) report as of 31 March 2026?

UBS reported total capitalization of USD 436,424m as of 31 March 2026. This figure combines total debt issued with equity attributable to shareholders and non-controlling interests, giving investors an overview of UBS Group’s overall capital structure.

How much total debt did UBS (UBS) have outstanding at 31 March 2026?

UBS reported USD 343,922m in total debt issued as of 31 March 2026. This consists of both short-term and long-term debt issued under IFRS, showing the scale of UBS Group’s funding through debt instruments.

What were UBS (UBS) short-term and long-term debt levels in Q1 2026?

As of 31 March 2026, UBS had USD 97,642m of short-term debt and USD 246,279m of long-term debt issued. These figures highlight the mix between near-term and longer-maturity obligations within UBS Group’s capital structure.

How much shareholder equity did UBS (UBS) report at 31 March 2026?

UBS reported equity attributable to shareholders of USD 92,247m at 31 March 2026. This equity represents the residual interest in UBS Group’s assets after liabilities, prepared under IFRS Accounting Standards and presented in US dollars.

What portion of UBS (UBS) debt was unsecured as of 31 March 2026?

UBS stated that 88% of its total debt issued was unsecured as of 31 March 2026. This indicates that most of UBS Group’s debt obligations are not backed by specific collateral, based on the IFRS-presented capitalization table.

How much additional tier 1 capital did UBS (UBS) classify within long-term debt?

Within its long-term debt, UBS classified USD 21,133m as high-trigger loss-absorbing additional tier 1 capital instruments. These instruments are designed to absorb losses under stress and form part of UBS Group’s regulatory capital stack.