)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
VZ Holding (VZN) investor relations material
VZ Holding H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary15 Aug, 2025
Executive summary
Achieved 9.9% year-over-year revenue growth to CHF 277.9 million in H1 2025, with net profit up 9.0% to CHF 112.0 million and a net profit margin of 40.3%, despite challenging market conditions and declining interest rates in Switzerland.
Consulting capacity expanded to 259 FTEs, with plans to reach 281 FTEs in 2026, supporting strong client demand and business growth; annualized net new money per consulting FTE reached CHF 23.2 million.
Gained 5,000 new platform client households, with platform usage increasing and 27.2% of clients using three or more platforms.
International operations in Germany and the U.K. are growing as planned, with successful integration of smaller IFAs and effective marketing strategies.
Digital platform VZ Finanzportal ranked first in mobile and e-banking by independent institutes.
Financial highlights
Total revenues rose 9.9% year-over-year to CHF 277.9 million; consulting fees grew 15.0%, management fees on AUM up 15.0%, while banking income fell 9.3% due to a 28.8% drop in net interest business.
EBIT rose 9.2% to CHF 130 million, with an EBIT margin of 46.8%.
Net profit margin at 40.3%, slightly down from previous years due to declining interest business.
Assets under management (AUM) grew 14.1% year-over-year to CHF 56.5 billion, driven by CHF 3 billion net new money.
Personnel expenses increased 10.0% year-over-year; other operating expenses up 15.6%.
Outlook and guidance
Consulting capacity to grow 7–9% annually, with continued focus on converting consulting clients to platform clients and expanding in Germany and the UK.
Net interest business expected to decrease further in H2 2025 and slightly in H1 2026, with a return to long-term growth anticipated in H2 2026.
Dividend payout ratio to remain at 50%, with dividends growing in line with profits.
Ongoing digital development, including conversational banking and platform integration, to drive efficiency and client engagement.
Full-year 2025 growth is projected to be below the long-term average due to declining net interest income.
How did Basel III Final impact capital ratios?
Assess Lumin Group's acquisition impact.
Project net interest income's decline in H2.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next VZ Holding earnings date
H2 202527 Feb, 2026
Next VZ Holding earnings date
H2 202527 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
VZ Holding AG, headquartered in Zurich, Switzerland, offers a range of financial services through its subsidiaries in Switzerland and Germany. The company specializes in providing services such as retirement planning, real estate planning, tax consulting, succession planning, and portfolio management. Additionally, VZ Holding AG offers securities account management, mortgage and real estate valuation services, and invests in residential properties. The company also provides various insurance services and is involved in crypto-related business activities. Its services are accessible through the VZ Finanzportal, an online platform for managing financial transactions. The company is headquartered in Zurich, Switzerland, and its shares are listed on the SIX Swiss Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage