The appellate division of the Federal Criminal Court gave Valcke, 61 - secretary general of the world football body from 2007 to 2015 - an 11-month suspended jail sentence.
He had been cleared by a lower court in 2020 of accepting bribes and aggravated criminal mismanagement, but Swiss prosecutors appealed the ruling.
The advantages Valcke allegedly received included the rent-free use of a villa owned by Qatari sports and broadcasting executive and Saint-Germain chairman Nasser Al-Khelaifi in Sardinia.
The appeals trial of both men, who had denied bribery charges, was held in March.
The appeals court, which reached its verdicts on Thursday, acquitted Al-Khelaifi of inciting Valcke to commit criminal mismanagement. It also acquitted Valcke of the charge of aggravated dishonest management.