GAM Holding AG (XSWX:GAM) Retained Earnings: CHF-829.50 Mil (As of Dec. 2025)

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What is GAM Holding AG Retained Earnings?

GAM Holding AG XSWX:GAM +4.26% Retained Earnings is CHF-829.50 Mil as of Dec. 2025. The stock has 6 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GAM Holding AG's retained earnings for the quarter that ended in Dec. 2025 was CHF-829.50 Mil.

GAM Holding AG's quarterly retained earnings declined from Dec. 2024 (CHF-757.40 Mil) to Jun. 2025 (CHF-791.50 Mil) and declined from Jun. 2025 (CHF-791.50 Mil) to Dec. 2025 (CHF-829.50 Mil).

GAM Holding AG's annual retained earnings declined from Dec. 2023 (CHF-683.60 Mil) to Dec. 2024 (CHF-757.40 Mil) and declined from Dec. 2024 (CHF-757.40 Mil) to Dec. 2025 (CHF-829.50 Mil).

GAM Holding AG  (XSWX:GAM) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

GAM Holding AG Retained Earnings Historical Data

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The historical data trend for GAM Holding AG's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

GAM Holding AG Retained Earnings Chart

GAM Holding AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -275.60 -585.60 -683.60 -757.40 -829.50

GAM Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -683.60 -718.40 -757.40 -791.50 -829.50

GAM Holding AG Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of CHF-829.50 Mil mean?
GAM Holding AG (XSWX:GAM) has a Retained Earnings of CHF-829.50 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on GAM Holding AG and its competitors.
Is GAM Holding AG's Retained Earnings too high?
GAM Holding AG's current Retained Earnings is CHF-829.50 Mil.
How does GAM Holding AG's Retained Earnings compare to BLK and BX?
GAM Holding AG's Retained Earnings of CHF-829.50 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Asset Management company?
A good Retained Earnings depends on the Asset Management industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on GAM Holding AG and its competitors. GAM Holding AG's current Retained Earnings is CHF-829.50 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GAM Holding AG stock overvalued right now?
Based on GuruFocus' analysis, GAM Holding AG (XSWX:GAM) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF0.01, compared to a current price of CHF0.06 — trading 536% above its estimated fair value. The current Retained Earnings is CHF-829.50 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For GAM Holding AG (XSWX:GAM), the current Retained Earnings is CHF-829.50 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

GAM Holding AG Business Description

Other Exchanges GAMz:UK0QN3:UKGAD:Germany
Address Hardstrasse 201, Zurich, CHE, CH-8005
GAM Holding AG is a asset manager with products that cater to institutions, intermediaries, and private clients.The company offers risk-rated, flexible solution, absolute return strategies across an array of asset classes and strategies. The company provides Asset management services through the GAM and Julius Bae brands and includes investment advice from internal and external professionals.