Deutsche Börse AG Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Cash & Equivalents	1,747	1,782	1,872	1,655	1,276	1,030
Short-Term Investments	-	1,075	927	470.7	578.1	453.5
Trading Asset Securities	28	18	11	14.3	1.1	11.6
Cash & Short-Term Investments	1,775	2,875	2,810	2,140	1,855	1,495
Cash Growth	2.08%	2.31%	31.30%	15.38%	24.09%	-13.29%
Accounts Receivable	1,186	16,097	17,945	18,718	18,692	8,941
Other Receivables	280	350	396	927.3	2,248	2,656
Receivables	1,466	16,447	18,341	19,645	20,940	15,871
Prepaid Expenses	-	139	136	126.9	127.9	93
Restricted Cash	63,764	52,139	48,972	53,669	93,538	78,542
Other Current Assets	313,102	202,982	129,518	138,718	131,684	106,456
Total Current Assets	380,107	274,582	199,777	214,299	248,145	202,457
Property, Plant & Equipment	618	623	672	591.8	615	585.2
Long-Term Investments	1,067	968	1,807	2,317	2,356	2,107
Goodwill	8,206	8,137	8,354	8,213	5,914	5,596
Other Intangible Assets	3,963	3,999	4,130	4,147	2,538	2,467
Long-Term Deferred Tax Assets	24	19	25	73.3	61.8	139.8
Long-Term Deferred Charges	-	-	-	8.5	5.7	2.9
Other Long-Term Assets	10,742	8,828	7,347	8,077	9,269	9,565
Total Assets	404,727	297,156	222,112	237,727	268,904	222,919

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	680	615	541	1,514	2,040	704.4
Accrued Expenses	232	422	456	441.8	356.1	101
Short-Term Debt	-	1,029	1,911	1,159	752.5	2,201
Current Portion of Long-Term Debt	-	1,499	850	-	-	599.4
Current Portion of Leases	-	74	74	85	70.8	63.6
Current Income Taxes Payable	320	478	519	439.2	335.4	244.6
Current Unearned Revenue	-	224	216	202.9	172	136.3
Other Current Liabilities	375,659	266,310	191,724	207,578	241,932	197,504
Total Current Liabilities	376,891	270,651	196,291	211,420	245,659	201,554
Long-Term Debt	5,664	5,086	6,255	7,096	4,123	3,037
Long-Term Leases	523	447	493	384.3	410.7	423.1
Long-Term Unearned Revenue	-	14	11	11.9	13.6	15.1
Pension & Post-Retirement Benefits	103	109	130	151.5	119.8	149
Long-Term Deferred Tax Liabilities	725	749	757	789.2	388.2	338.5
Other Long-Term Liabilities	10,088	8,271	6,915	7,774	9,128	9,660
Total Liabilities	393,994	285,327	210,852	227,627	259,843	215,177

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	186	188	188	190	190	190
Additional Paid-In Capital	1,589	1,578	1,530	1,502	-	1,360
Retained Earnings	9,291	10,207	8,925	7,892	6,944	6,178
Treasury Stock	-1,067	-917	-452	-351	-449.6	-458.2
Comprehensive Income & Other	357	256	580	428.9	1,787	-61.6
Total Common Equity	10,356	11,312	10,771	9,662	8,472	7,208
Minority Interest	377	517	489	438.7	589.1	534.31
Shareholders' Equity	10,733	11,829	11,260	10,100	9,061	7,742
Total Liabilities & Equity	404,727	297,156	222,112	237,727	268,904	222,919

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	6,187	8,135	9,583	8,724	5,357	6,324
Net Cash (Debt)	-4,412	-5,260	-6,773	-6,584	-3,503	-4,829
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-24.21	-28.67	-36.76	-35.67	-19.04	-26.26
Filing Date Shares Outstanding	180.29	182.11	183.78	185.11	183.74	183.62
Total Common Shares Outstanding	180.29	182.11	183.78	185.11	183.74	183.62
Working Capital	3,216	3,931	3,486	2,879	2,486	903
Book Value Per Share	57.44	62.12	58.61	52.19	46.11	39.26
Tangible Book Value	-1,813	-824	-1,713	-2,699	20.3	-854.69
Tangible Book Value Per Share	-10.06	-4.52	-9.32	-14.58	0.11	-4.65
Machinery	-	559	529	557.7	546.3	484.9