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# Italy's UniCredit reports record H1 2026 adjusted net profit of €6.3 billion, up 24%; Q2 sets fresh high at €3.1 billion
- URL: https://www.theglobalbanker.com/unicredit-h1-2026-record-net-profit-6-1-billion-q2-3-1-billion/
- Published: 2026-07-23T08:00:00.000Z
- Updated: 2026-10-02T00:49:29.000Z
- Description: UniCredit posted a record H1 adjusted net profit of €6.3 billion, up 24%, and a record adjusted Q2 of €3.1 billion, extending its run to 22 consecutive quarters of record results.
- Author: TGB Editorial Team
- Tags: Banking News, Europe

UniCredit reported record first-half 2026 adjusted net profit of €6.3 billion (€6.1 billion stated), up 24% year on year, with a record second-quarter adjusted net profit of €3.1 billion (€2.9 billion stated) extending the Italian bank's run to a 22nd consecutive quarter of record results. 

Return on tangible equity reached 24% for the first half and around 23% for the second quarter alone, according to the group's results release. Second-quarter revenue rose 7% year on year.

#### RECORD STREAK AND GUIDANCE

UniCredit raised its 2026 net profit target to around €11.5 billion, excluding integration costs. Chief executive Andrea Orcel said the results showed "the strengths of our business, the magnitude of our profitable organic growth". 

First-half operating costs fell 1% year on year to €4.6 billion, while fees and net insurance income rose 11% to €5.0 billion.

#### CAPITAL AND DISTRIBUTIONS

The group's CET1 ratio stood at 14.3% at the end of June, and UniCredit kept its ordinary payout ratio at 80%. 

Management said it expected net interest income to accelerate sequentially in the second half of 2026.