The earnings call reflected strong financial performance with record profits, improved operational efficiency, and upgraded guidance. However, challenges such as the withdrawal from the Banco BPM bid and the costs associated with the Commerzbank stake hedge were notable low points.

Company Guidance -

Q3 2025

In the second quarter of 2025, UniCredit reported record net profit and return on tangible equity, primarily driven by core revenue growth and disciplined cost management. The bank achieved a net profit of EUR 3.3 billion for the quarter and EUR 6.1 billion for the first half, with core revenues growing by 1.3% year-over-year in Q2 and 1.5% in the half. Net interest income held up well despite declining interest rates, and fees increased by 3.6% in the half. Trading revenues, excluding one-offs, rose by 22% in the half. Operational efficiency improved, with costs reduced by 1.5% in Q2, leading to a cost/income ratio of less than 36%. The bank's capital efficiency also progressed, with net revenue to RWA reaching 8.8% in the quarter. Moreover, UniCredit upgraded its 2025 guidance, projecting a net profit of approximately EUR 10.5 billion and a distribution of at least EUR 9.5 billion, reflecting the robust performance and strategic initiatives such as the internalization of life insurance in Italy and the integration of Alpha Bank in Romania.

Record Net Profit and Return on Tangible Equity

UniCredit posted record net profit of EUR 3.3 billion in Q2 and EUR 6.1 billion in H1 2025, driven by core revenue growth and cost of risk discipline.

Core Revenue Growth

Core revenues grew 1.3% year-over-year in Q2 and 1.5% in H1 2025, with net interest income holding up better than expected and fees growing by 3.6% in the half.

Operational Efficiency

UniCredit reduced costs by 1.5% in Q2 and 1.4% in H1, improving the cost/income ratio to less than 36%.

Capital Efficiency

Capital efficiency improved, with net revenue to RWA reaching 8.8% in Q2 and 9% in H1. CET1 ratio increased to 16.2% pro forma.

Geographical Performance

Italy, Germany, Austria, and Central and Eastern Europe showed strong performance with record-setting growth in various KPIs.

Guidance Upgrade

Upgraded 2025 guidance with net profit expected to reach circa EUR 10.5 billion and distribution guidance upgraded to at least EUR 9.5 billion.

UniCredit SpA (IT:UCG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IT:UCG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	1.58 / -	1.58	―	―	―
Jul 22, 2025	2025 (Q2)	1.58 / 2.16	1.61	34.16% (+0.55)
May 11, 2025	2025 (Q1)	1.58 / 1.79	1.52	17.76% (+0.27)
Feb 11, 2025	2024 (Q4)	1.22 / 1.03	1.11	-7.21% (-0.08)
Nov 06, 2024	2024 (Q3)	1.44 / 1.58	1.24	27.42% (+0.34)
Jul 24, 2024	2024 (Q2)	1.37 / 1.61	1.12	43.75% (+0.49)
May 07, 2024	2024 (Q1)	1.31 / 1.52	1.06	43.40% (+0.46)
Feb 05, 2024	2023 (Q4)	0.76 / 1.11	0.73	52.05% (+0.38)
Oct 24, 2023	2023 (Q3)	1.05 / 1.24	0.81	53.09% (+0.43)
Jul 26, 2023	2023 (Q2)	0.94 / 1.12	0.84	33.33% (+0.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IT:UCG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	€58.04	€58.08	+0.07%
Feb 11, 2025	€45.83	€45.49	-0.73%
Nov 06, 2024	€40.63	€38.47	-5.31%
Jul 24, 2024	€37.01	€37.08	+0.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does UniCredit S.p.A (IT:UCG) report earnings?

UniCredit S.p.A (IT:UCG) is schdueled to report earning on Oct 28, 2025, Before Open (Confirmed).

What is UniCredit S.p.A (IT:UCG) earnings time?

UniCredit S.p.A (IT:UCG) earnings time is at Oct 28, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of UniCredit S.p.A stock?

The P/E ratio of UniCredit SpA is N/A.

What is IT:UCG EPS forecast?

IT:UCG EPS forecast for the fiscal quarter 2025 (Q3) is 1.58.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing