Segments.

The following key figures show the financial situation of Long-Distance Services and Regional Services, Real Estate, Freight Services as well as Infrastructure Network and Infrastructure Energy. These business areas and segments of SBB have their own accounting and many financial indicators only make sense in relation to the respective segment or business area.

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2020 2021 2022 2023 2024
 
Long-Distance Services
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Long-Distance Services


Footnote

Segment accounting: intra-group income and expenses not eliminated.
Operating income
CHF m 1,849 1,926 2,631 2,899 3,018 +4.1%
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Operating income


of which traffic revenue
CHF m [1,767] 1,832 2,494 2,724 2,852 +4.7%
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of which traffic revenue


Operating expenses
CHF m -2,451 -2,414 -2,669 -2,783 -2,877 +3.4%
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Operating expenses


Operating result
CHF m -602 -489 -38 117 140 +20.5%
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Operating result


Net income for the year
CHF m -627 -478 -47 117 148 +26.8%
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Net income for the year


Earnings per passenger-kilometre
CHF/Pkm 0.220 0.212 0.203 0.194 0.199 +2.6%
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Earnings per passenger-kilometre


Regional Services
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Regional Services


Footnote

Segment accounting: intra-group income and expenses not eliminated.
Operating income
CHF m 1,773 1,807 1,888 1,973 2,004 +1.6%
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Operating income


of which traffic revenue
CHF m [781] 779 922 1,027 1,144 +11.5%
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of which traffic revenue


of which public-sector funding
CHF m [857] [886] [829] 842 749 -11.1%
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of which public-sector funding


Footnote

From 2024 including grants for regional passenger transport by bodies other than the Confederation and cantons; adjusted in 2023.
Operating expenses
CHF m -1,754 -1,791 -1,832 -1,915 -1,993 +4.1%
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Operating expenses


Operating result
CHF m 19 15 57 58 11 -81.6%
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Operating result


Net income for the year
CHF m -26 -21 11 23 -17 -173.9%
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Net income for the year


Earnings per passenger-kilometre
CHF/Pkm 0.209 0.201 0.183 0.173 0.185 +7.4%
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Earnings per passenger-kilometre


Grant efficiency
CHF/train-km [10.16] [9.91] [9.29] 8.95 7.86 -12.1%
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Grant efficiency


Footnote

Grants per train-kilometre: the lower the absolute figure, the higher the assumed efficiency.
Percentage of costs covered by revenue
% [50.9] [50.4] [56.4] 57.9 62.1 +4.2%
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Percentage of costs covered by revenue


Footnote

Ratio of income from users to the total costs of operating regional traffic lines. From 2024 including grants for regional passenger transport by bodies other than the Confederation and cantons; adjusted retroactively in 2023.
 
Real Estate – income statement
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Real Estate – income statement


Footnote

Segment accounting: intra-group income and expenses not eliminated.
Operating income
CHF m 867 958 1,013 1,045 1,084 +3.7%
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Operating income


of which third-party rental income
CHF m 541 604 653 681 713 +4.6%
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of which third-party rental income


Operating expenses
CHF m -634 -664 -702 -726 -759 +4.6%
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Operating expenses


Operating result
CHF m 233 294 311 320 325 +1.6%
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Operating result


Net income for the year
CHF m 10 10 20 54 37 -31.8%
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Net income for the year


Footnote

Net income for 2024 prior to compensation payments: CHF 264 million (2023: CHF 281 million, −6.1%).
Real Estate – key figures
Income from disposal of non-operating real estate
CHF m 45 24 8 27 6 -79.7%
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Income from disposal of non-operating real estate


Book value of assets
CHF m 6,487 6,680 6,911 7,250 7,469 +3.0%
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Book value of assets


 
Freight Services – income statement
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Freight Services – income statement


Footnote

Consolidated figures for SBB Cargo Ltd and SBB Cargo International Ltd. Segment accounting: intra-group income and expenses not eliminated.
Operating income
CHF m 889 940 852 889 855 -3.8%
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Operating income


of which traffic revenue
CHF m [807] 795 763 760 746 -1.8%
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of which traffic revenue


Operating expenses
CHF m -923 -908 -1,051 -926 -920 -0.7%
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Operating expenses


Operating result
CHF m -34 31 -199 -37 -65 +74.5%
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Operating result


Net income for the year
CHF m -26 18 -120 -39 -76 +91.5%
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Net income for the year


Freight Services – key figures
Operating expenses per train-kilometre
CHF/train-km 29.8 28.6 30.0 30.9 32.7 +5.8%
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Operating expenses per train-kilometre


Net tonne-kilometres per Swiss franc in operating expenses
net tonne-km/CHF 17.3 18.9 17.9 17.6 16.9 -4.2%
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Net tonne-kilometres per Swiss franc in operating expenses


 
Infrastructure Network
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Infrastructure Network


Footnote

Segment accounting: intra-group income and expenses not eliminated.
Operating income
CHF m 4,357 4,506 4,489 4,605 4,628 +0.5%
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Operating income


of which revenue from use of infrastructure
CHF m 1,082 1,045 1,168 1,225 1,266 +3.3%
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of which revenue from use of infrastructure


of which public-sector funding
CHF m 2,232 2,265 2,225 2,271 2,238 -1.4%
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of which public-sector funding


Operating expenses
CHF m -4,566 -4,633 -4,642 -4,785 -4,776 -0.2%
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Operating expenses


Operating result
CHF m -210 -126 -153 -180 -148 -17.8%
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Operating result


Net income for the year
CHF m -64 25 -24 -23 2 -110.0%
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Net income for the year


Additions to assets
CHF m 3,491 1,838 2,840 2,210 2,163 -2.1%
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Additions to assets


Income per train-path kilometre
CHF/train-path km 6.15 5.66 6.19 6.50 6.65 +2.3%
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Income per train-path kilometre


Operating expenses per train-path kilometre
CHF/train-path km 14.53 14.16 13.72 14.16 14.06 -0.7%
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Operating expenses per train-path kilometre


Footnote

Net operating expenses per train-path kilometre sold.
Infrastructure Energy
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Infrastructure Energy


Footnote

Segment accounting: intra-group income and expenses not eliminated.
Operating income
CHF m 459 635 784 890 796 -10.6%
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Operating income


of which public-sector funding
CHF m 39 68 72 65 67 +3.2%
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of which public-sector funding


Operating expenses
CHF m -436 -602 -946 -804 -680 -15.4%
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Operating expenses


Operating result
CHF m 24 33 -162 86 116 +34.9%
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Operating result


Net income for the year
CHF m 18 35 -165 78 115 +48.0%
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Net income for the year


Additions to assets
CHF m 142 221 190 159 157 -1.2%
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Additions to assets