Rothschild & Co: 2022 – Half-year results release
Strong first half performance
- Business performance:
- Global Advisory: continued strong performance with record first-half revenue of €857 million, up 3% (H1 2021: €833 million). Profit before tax (PBT) of €163 million for the period (H1 2021: €165 million), representing a profit margin of 19%
- Wealth and Asset Management: solid first half-year performance despite declining markets, with revenue up 23% to €337 million (H1 2021: €274 million) and PBT of €71 million, up 22% (H1 2021: €58 million). Assets under Management (AuM) decreased to €99.6 billion (-4% versus December 2021) due to negative market performance (€9.1 billion) partly offset by strong Net New Assets (NNA) of €2.8 billion in Europe and an acquisition in France (+€3.0 billion)
- Merchant Banking: first-half revenue was €188 million (H1 2021: €235 million) reflecting continued solid investment performance combined with steadily increasing recurring revenue driven by AuM growth (€21.6 billion as at 30 June 2022, up 18% versus December 2021). Revenue was down 20% compared to H1 2021, a period which had benefited from exceptional investment performance revenue. This led to lower PBT of €121 million (H1 2021: €185 million)
- Revenue €1,375 million, up 2% (H1 2021: €1,350 million)
- Net income - Group share1 : €249 million, down 28% (H1 2021: €346 million)
- Earnings per share (EPS): €3.43, down 28% (H1 2021: €4.78)
- Foreign exchange translation effects increased revenue by €31 million and Net income – Group share by €1 million
Alexandre de Rothschild, Executive Chairman, commented:
“The performance in the first six months of 2022 has continued to be strong, after a record year in 2021.
“The strength of our business model, which is based on client focus and clear long-term strategies for each business, means that we are reasonably confident that the positive momentum seen in the first half will continue for the remainder of the year, but, as always, subject to the evolution of geopolitical events and the financial environment."
1 There were no exceptional items in H1 2022 or H1 2021
- ENDS -
Download the full Half year results release (PDF 341 KB)
Read more articles
-
Stories from the road
Quarterly Letter
Through deep research and direct engagement with businesses, we seek high-quality companies with strong competitive advantages, disciplined capital allocation and the ability to compound wealth over time.
-
Bringing the right advisers together
Insights
Significant wealth brings complex financial and personal decisions. Rothschild & Co helps coordinate trusted advisers, ensuring aligned, objective guidance, long-term planning and access to specialist expertise through a personalised advisory board.
-
Five stock market talking points in 2026
Strategy Blog
Global equities rose despite geopolitical tensions, as markets looked through near-term risks. AI infrastructure spending drove returns and earnings growth, valuations sent mixed signals, and corporate activity remained subdued but showed signs of recovery.
-
Global Advisory: Rothschild & Co Redburn Review - June 2026
Insights
Rothschild & Co Redburn analysts unpack the forces reshaping markets and society.
-
The next UK Prime Minister
Strategy Blog
Following Keir Starmer’s resignation, Andy Burnham has emerged as Labour’s likely successor. Despite political uncertainty, markets remain calm, with economic and geopolitical trends outweighing domestic politics. Significant policy change appears unlikely.
