Deutsche Börse AG (ETR:DB1)
Germany · Delayed Price · Currency is EUR 289.00
+2.10 (0.73%)
Aug 27, 2026, 2:32 PM CET
Deutsche Börse AG Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
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 |
Net Income | 2,115 | 1,995 | 1,948 | 1,724 | 1,494 | 1,210 |
Depreciation & Amortization | 271 | 263 | 271 | 236.4 | 212.3 | 186.5 |
Other Amortization | 237 | 237 | 208 | 148.4 | 122.2 | 95.4 |
Loss (Gain) From Sale of Assets | - | - | 1 | 0.1 | -57.9 | 0.3 |
Asset Writedown & Restructuring Costs | 1 | 1 | 17 | 33.7 | 21.1 | 11.8 |
Other Operating Activities | 432 | 521 | 80 | 292.7 | 637.5 | -440.4 |
Change in Accounts Receivable | 337 | -194 | 437 | 484.7 | -1,418 | -358.2 |
Change in Accounts Payable | -427 | -13 | -551 | -370.9 | - | - |
Change in Other Net Operating Assets | - | - | - | - | 1,472 | 203.8 |
Operating Cash Flow | 2,966 | 2,810 | 2,411 | 2,549 | 2,484 | 908.9 |
Operating Cash Flow Growth | 21.79% | 16.55% | -5.42% | 2.64% | 173.25% | -35.63% |
Investing Activities
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 |
Capital Expenditures | -57 | -55 | -58 | -49.5 | -109.6 | -37.8 |
Sale of Property, Plant & Equipment | - | - | 4 | - | - | - |
Cash Acquisitions | -49 | -44 | -14 | -3,842 | -185.5 | -1,843 |
Divestitures | - | - | - | - | 27.1 | - |
Sale (Purchase) of Intangibles | -369 | -325 | -303 | -218.3 | -215.5 | -167.7 |
Investment in Securities | 623 | 507 | -54 | -260.4 | -819.8 | -854.8 |
Other Investing Activities | -702 | -1 | 365 | 373.2 | -103.2 | 735.3 |
Investing Cash Flow | -554 | 82 | -60 | -3,997 | -1,407 | -2,168 |
Financing Activities
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 |
Short-Term Debt Issued | - | 99 | - | 129.9 | 1,056 | 2,701 |
Long-Term Debt Issued | - | 325 | - | 2,969 | 1,079 | 999.1 |
Total Debt Issued | 1,356 | 424 | - | 3,099 | 2,135 | 3,700 |
Short-Term Debt Repaid | - | - | -65 | -126.5 | -2,397 | -1,900 |
Long-Term Debt Repaid | - | -1,097 | -251 | -125.6 | -75.9 | -418.6 |
Total Debt Repaid | -1,700 | -1,097 | -316 | -252.1 | -2,473 | -2,319 |
Net Debt Issued (Repaid) | -344 | -673 | -316 | 2,847 | -337.6 | 1,382 |
Issuance of Common Stock | 21 | 21 | 9 | - | 11.9 | 8.7 |
Repurchase of Common Stock | -779 | -504 | -298 | - | - | - |
Common Dividends Paid | -760 | -734 | -698 | -661.5 | -587.6 | -550.6 |
Other Financing Activities | -1,196 | -61 | -51 | 108.3 | -37.8 | -40.9 |
Financing Cash Flow | -3,058 | -1,951 | -1,354 | 2,293 | -951.1 | 798.7 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | 20 | 25 | -29 | -1.7 | -37.8 | -6.3 |
Miscellaneous Cash Flow Adjustments | 1 | 1 | - | - | - | -0.1 |
Net Cash Flow | -625 | 967 | 968 | 843.6 | 88.2 | -466.8 |
Free Cash Flow
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 |
Free Cash Flow | 2,909 | 2,755 | 2,353 | 2,500 | 2,374 | 871.1 |
Free Cash Flow Growth | 22.40% | 17.09% | -5.87% | 5.29% | 172.53% | -35.51% |
Free Cash Flow Margin | 37.54% | 37.33% | 33.51% | 41.00% | 45.43% | 19.96% |
Free Cash Flow Per Share | 15.96 | 15.02 | 12.77 | 13.54 | 12.90 | 4.74 |
Levered Free Cash Flow | 2,181 | 1,756 | 344.23 | 1,187 | 2,204 | 1,921 |
Unlevered Free Cash Flow | 2,298 | 1,874 | 456.1 | 1,256 | 2,256 | 1,964 |
Additional Metrics
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 Interest Paid | 1,262 | 1,354 | 2,098 | 1,801 | 660.5 | 340.9 |
Cash Income Tax Paid | 1,001 | 765 | 725 | 576.5 | 365.4 | 470.7 |
Change in Working Capital | -90 | -207 | -114 | 113.8 | 54 | -154.4 |