Deutsche Boerse AG

Deutsche Boerse AG

315.60
EUR
+6.70
(+2.17%)
12.37EPS
20.20P/E
42.94BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.93
12.95
13.35
14.14
14.86
16.79
18.01
20.26
23.77
28.46
33.08
38.21
40.31
42.63
Basic EPS, GAAP
2.6
4.14
3.6
6.81
4.68
4.46
5.47
5.89
6.59
8.14
9.35
10.6
10.9
11.79
Free Cash Flow per Basic Share
3.26
2.95
-0.78
7.8
4.85
6.16
4.04
6.63
3.83
11.75
12.38
11.15
13.27
- -
Dividend per Share
2.1
2.1
2.09
2.25
2.35
2.45
2.7
2.9
3
3.2
3.59
3.8
4.01
- -
Book Value per Share
16.49
18.62
19.04
23.99
25.94
26.3
31.27
33.61
39.26
46.11
52.19
58.6
62.12
57.44
Tangible Book Value per Share
-0.66
-0.53
-5.77
2.72
4.02
3.44
3.96
2.43
-5.2
-0.75
-15.22
-10.19
-5.49
-11.41
Basic Weighted Avg Shares
184
184
185
187
187
185
183
183
184
184
184
184
183
182
Sales/Revenue/Turnover
2,196
2,385
2,471
2,641
2,776
3,104
3,303
3,717
4,363
5,225
6,096
7,023
7,381
7,774
Operating Margin (%)
32.93
38.79
37.85
40.39
42.16
39.58
43.76
42.52
38.09
41.33
41.63
40.61
40.35
41.28
Depreciation Expense
119
125
144
135
160
211
226
264
294
356
419
496
501
510
Net Income, GAAP
478
762
666
1,273
874
824
1,004
1,080
1,210
1,494
1,724
1,948
1,995
2,151
Effective Tax Rate (%)
25.88
18.15
26.09
27.67
30.48
26.31
25.96
26.38
26
25.79
26.71
25.46
26.36
26.63
Profit Margin (%)
21.78
31.96
26.94
48.18
31.49
26.56
30.39
29.05
27.72
28.6
28.28
27.74
27.03
27.66
Working Capital
491
447
-106
1,354
1,100
2,158
3,014
2,991
903
2,486
2,879
3,486
3,931
3,216
LT Debt
1,522
1,429
2,547
2,285
1,688
2,283
2,627
2,995
3,460
4,534
7,481
6,748
5,534
- -
Total Equity
3,268
3,752
3,695
4,623
4,959
4,955
6,111
6,556
7,742
9,061
10,100
11,259
11,829
10,733
Return on Invested Capital (%)
8.63
13.07
9.89
9.33
9.79
10.82
12.1
11.21
9.47
11.01
10.91
10.44
10.48
20.72
Return on Capital (%)
10
14.41
10.49
17.65
11.63
10.88
12.13
10.83
9.49
10.45
10.44
10.02
9.94
18.24
Return on Common Equity (%)
15.99
23.58
19.05
31.67
18.76
17.06
19.02
18.14
18.09
19.06
19.01
19.07
18.07
19.99

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,602
- -
- -
LT Borrowings
5,087
- -
- -
LT Finance Leases
447
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
182
182
180
Market Capitalization
40,910
45,599
42,945

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
274,582
340,604
380,107
Cash, Cash Equivalents & STI
205,142
248,348
314,299
Accounts Receivable, Net
1,033
- -
1,186
Inventories
- -
- -
- -
Total Current Liabilities
270,651
337,046
376,891
Payables & Accruals
- -
- -
- -
ST Debt
2,602
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.6%
12.62%
5.06%
Free Cash Flow
-91.26%
35.82%
18.54%
Net Income, GAAP
14.99%
13.26%
2.41%
Sales/Revenue/Turnover
11.69%
14.82%
5.1%
Total Cash Common Dividend
6.65%
6.7%
5.16%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,716
1,746
1,704
1,857
7,023
2025
1,866
1,801
- -
1,936
7,381
2026
2,025
2,012
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.7
2.72
2.42
2.76
10.6
2025
2.86
2.77
- -
2.68
10.9
2026
3.21
3.14
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.8
2025
- -
- -
- -
- -
4.01
2026
- -
- -
- -
- -
- -

Company Description

CEO
Stephan Leithner
Full Time Employees
16,475
Sector
Finance
Industry
Investment banks/Brokers
Address
The Cube Frankfurt HE Germany 65760
IPO Date
Feb 5, 2001
Business
Deutsche Börse AG Deutsche Börse AG operates as an international exchange organization and market infrastructure provider, offering a comprehensive range of products and services across the financial market transaction chain, including trading, clearing, settlement, custody, market data, indices, and analytics; its core offerings encompass regulated markets for securities, derivatives, commodities, and currencies via platforms such as Xetra and Frankfurter Wertpapierbörse, index families like DAX, STOXX, and ISS solutions, software-as-a-service tools, real-time and historical market data, fund services through outsourcing for distribution and administration, and securities services for fixed-income instruments. The company, founded in 1992 and headquartered in Eschborn, Germany, maintains global operations with key locations in Europe (Germany, Luxembourg, Switzerland, Czech Republic, Spain), the United States, and Asia, serving investors, financial institutions, and corporations through subsidiaries like Clearstream for post-trade services and Crypto Finance for digital assets. In recent developments, Deutsche Börse AG completed the acquisition of FundsDLT in 2024 to enhance digitized fund distribution, integrated SimCorp following its €3.9 billion takeover in 2023 to bolster investment management software within the new Investment Management Solutions segment alongside Qontigo and ISS, expanded crypto offerings via its majority stake in Crypto Finance acquired in 2021 with subsequent global growth into Germany and Singapore, and announced plans under Horizon 2026 strategy for cloud adoption, digital securities via D7 platform, and extended trading hours starting December 2025 to support retail investors.

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