What drove the Swiss National Bank profit in 2025?

Mainly valuation gains, especially from higher gold prices. Market moves in foreign exchange and bonds also matter. These are not stable earnings streams, so the result can swing year to year. Investors should view such gains as cyclical, not a long-term run rate.

Will cantons definitely receive CHF 4bn?

The CHF 4bn payment is tied to the provisional result and distribution framework. Final, audited results and approvals must confirm it. Several cantons plan to stay cautious even if funds arrive, focusing on deficits and reserves rather than immediate new spending.

Who receives the SNB dividend CHF 15?

Registered SNB shareholders of record on the ex-dividend date set by the bank. The proposed CHF 15 per share depends on final approvals. Keep an eye on official communications for the record date, ex-dividend date, and payment timeline after results are finalized.

Is SNBN.SW like a normal bank stock?

No. It represents a central bank with unique accounting and a tiny free float. Ratios like PE and PB are not very informative. Liquidity is thin, and price moves can be sharp. Treat it as a special situation with policy and market drivers.

Global Market Insights

SNBN.SW Stock Today: January 10 — CHF 4bn Payout on 26bn Profit

ByDanny Kontos January 11, 2026January 11, 2026

Swiss National Bank profit is back in focus today, January 10, after a provisional CHF 26 billion result for 2025 signaled a CHF 15 per-share dividend and a CHF 4 billion transfer to the Confederation and cantons. For investors in SNBN.SW, the payout mechanics and drivers matter as 2026 budgets are set. Gold revaluation gains led the swing, while several cantons still plan cautious spending. Below, we break down the distribution, stock signals, and key dates that could shape expectations.