Deutsche Börse AG Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,415	7,048	6,135	5,333	4,447
Revenue Growth (YoY)	5.21%	14.89%	15.02%	19.94%	18.37%
Cost of Revenue	1,389	1,219	1,058	995.6	937.1
Gross Profit	6,026	5,829	5,077	4,338	3,510
Selling, General & Admin	2,534	2,469	2,118	1,822	1,552
Depreciation & Amortization Expenses	501	496	418.5	355.6	293.7
Other Operating Expenses	-20	-36	14	-10.2	-85.8
Total Operating Expenses	3,015	2,929	2,551	2,168	1,760
Operating Income	3,010	2,900	2,526	2,170	1,750
Interest Income	47	50	46.6	32.8	34.7
Interest Expense	-200	-205	-120.6	-96.4	-75.4
Total Non-Operating Income (Expense)	-153	-155	-74	-63.6	-40.7
Pretax Income	2,857	2,745	2,452	2,107	1,709
Provision for Income Taxes	753	699	654.9	543.3	444.4
Net Income	1,995	1,948	1,724	1,494	1,210
Minority Interest in Earnings	109	98	72.8	68.8	55.2
Net Income to Common	1,995	1,948	1,724	1,494	1,210
Net Income Growth	2.41%	12.99%	15.36%	23.54%	12.02%
Shares Outstanding (Basic)	183	184	184	184	184
Shares Outstanding (Diluted)	183	184	185	184	184
Shares Change (YoY)	-0.42%	-0.20%	0.33%	0.04%	0.25%
EPS (Basic)	10.90	10.60	9.35	8.14	6.59
EPS (Diluted)	10.87	10.58	9.34	8.12	6.58
EPS Growth	2.74%	13.28%	15.02%	23.40%	11.71%
Shares Outstanding	182.11	183.78	185.11	183.74	183.62
Free Cash Flow	2,755	2,353	2,500	2,374	871.1
Free Cash Flow Growth	17.09%	-5.87%	5.29%	172.53%	-35.51%
Free Cash Flow Per Share	15.02	12.77	13.54	12.90	4.74
Dividends Per Share	4.200	4.000	3.800	3.600	3.200
Dividend Growth	5.00%	5.26%	5.56%	12.50%	6.67%
Gross Margin	81.27%	82.70%	82.75%	81.33%	78.93%
Operating Margin	40.59%	41.15%	41.17%	40.69%	39.36%
Profit Margin	28.37%	29.03%	29.29%	29.31%	28.45%
FCF Margin	37.15%	33.39%	40.75%	44.51%	19.59%
EBITDA	3,511	3,396	2,944	2,526	2,044
EBITDA Margin	47.35%	48.18%	48.00%	47.36%	45.96%
EBIT	3,010	2,900	2,526	2,170	1,750
EBIT Margin	40.59%	41.15%	41.17%	40.69%	39.36%
Effective Tax Rate	26.36%	25.46%	26.71%	25.79%	26.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.