We study the long-time asymptotic behaviour of semigroups generated by non-local Schr"odinger operators of the form ; the free operator is the generator of a symmetric L'evy process in , (with non-degenerate jump measure) and is a sufficiently regular confining potential. We establish sharp two-sided estimates of the corresponding heat kernels for large times and identify a new general regularity property, which we call progressive intrinsic ultracontractivity, to describe the large-time evolution of the corresponding Schr"odinger semigroup. We discuss various examples and applications of these estimates, for instance we characterize the heat trace and heat content. Our examples cover a wide range of processes and we have to assume only mild restrictions on the growth, resp.\ decay, of the potential and the jump intensity of the free process. Our approach is based on a combination of probabilistic and analytic methods; our examples include fractional and quasi-relativistic Schr"odinger operators.

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