TX Markets
The TX Markets segment includes the strategic investments in SMG Swiss Marketplace Group (31.4%, at-equity consolidation) and the job portal JobCloud (50%, fully consolidated).
in CHF mn | 30.06.2026 | 30.06.2025 | Change |
|---|---|---|---|
Classifieds & services revenue 1 | 54.8 | 56.9 | -3.7% |
Other operating revenue 1 | 0.1 | - | n.a. |
Revenues | 54.8 | 56.9 | -3.6% |
of which organic revenues 2 | 54.8 | 56.9 | -3.7% |
Operating expense 3 | -24.2 | -24.5 | -1.4% |
Share of net result of associates / joint ventures | 21.1 | 12.4 | 70.4% |
Operating income / (loss) before depreciation and amortisation (EBITDA) | 51.7 | 44.7 | 15.7% |
Margin 4 | 94.4% | 78.6% | 15.7%p |
Depreciation and amortisation | -8.7 | -6.9 | 27.6% |
Amortisation resulting from business combinations | -3.8 | -3.8 | 0.0% |
Operating income / (loss) (EBIT) | 39.2 | 34.1 | 15.0% |
Margin 4 | 71.6% | 60.0% | 11.6%p |
Adjustment 5 | 9.4 | 9.4 | 0.5% |
Operating income / (loss) (EBIT adj.) | 48.7 | 43.5 | 11.9% |
Margin 4 | 88.8% | 76.5% | 12.3%p |
Number of employees (FTE) 6 | 276 | 276 | 0.3% |
1Includes third-party revenue and revenue vis-à-vis other TX segments.
2Includes only companies and activities that were included in the scope of consolidation for the entire reporting period 2026 and 2025. In the TX Markets segment, the contribution of JOBCLOUD HR TECH, UNIPESSOAL LDA (formerly TX SERVICES, UNIPESSOAL LDA.) was excluded since the company was transferred from the segment Group & Ventures on 1 April 2026.
3No IAS 19 pension costs (as in segment reporting).
4The margin relates to revenues.
5Adjustments: Amortisation resulting from business combinations of the associate SMG (2026: 5.7 CHF mn; 2025: 5.6 CHF mn), amortisation resulting from business combinations (2026: 3.8 CHF mn; 2025: 3.8 CHF mn).
6Average number of employees, excluding employees in associates / joint ventures.
JobCloud is the leading platform in the Swiss recruitment market, with the broadest range of job advertisements, and is owned by TX Group and Ringier. The job portals and aggregators jobs.ch, jobup.ch and JobScout24 bring candidates and employers together. The portfolio includes a wide range of services for companies and job-seekers. JobCloud holds a 49% investment (at equity consolidation) in the Austrian job platform Karriere.at, which owns 100% of the marketplaces hokify, eRecruiter and jobs.at. www.jobcloud.ch
CEO: Marco Bertoli
JobCloud is maintaining its margin and investing in the expansion of its services.
- JobCloud’s revenue continued to be weighed down by the weak labour market in the first half of 2026.
- In Austria, this development remained more pronounced than in Switzerland.
- A combination of rigorous cost management and business expansion, including the use of AI solutions, kept the margin at a high level.
TX Group AG is an anchor investor in the SMG Swiss Marketplace Group, a network of online marketplaces and one of the leading digital companies in Switzerland. SMG was created in 2021 through the merger of Scout24 Switzerland and TX Markets and has been listed on the SIX Swiss Exchange since September 2025. TX Group AG holds a 31.4% stake in SMG. The company covers the four areas of real estate, automotive, general marketplaces and finance and insurance. The platforms are financed by various fee models, ranging from listing fees to transaction fees, commissions and various advertising formats.
In the first half of 2026, SMG again recorded double-digit growth with an improved margin. At the same time, the company continued to invest in product improvements and the use of artificial intelligence.