Deutsche Börse AG (LON:0H3T)

Deutsche Börse AG Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	6,543	5,972	5,133	4,692	4,219
Other Revenue	837	1,052	962.9	533	144.6
Revenue	7,380	7,023	6,096	5,225	4,363
Revenue Growth (YoY)	5.08%	15.21%	16.66%	19.75%	17.38%
Cost of Revenue	1,390	1,219	1,058	995.6	937.1
Gross Profit	5,990	5,804	5,038	4,230	3,426
Selling, General & Admin	1,722	1,775	1,504	1,257	1,023
Other Operating Expenses	777	669.1	578.6	427.8	410
Operating Expenses	3,001	2,924	2,468	2,019	1,715
Operating Income	2,989	2,881	2,571	2,210	1,711
Interest Expense	-154	-179.3	-110.9	-83.7	-69.2
Interest & Investment Income	20	79.4	43	18	118.7
Earnings From Equity Investments	-	7.2	1.8	6.8	-
Currency Exchange Gain (Loss)	-	-18	3.9	1.7	-0.8
Other Non Operating Income (Expenses)	2	-8.5	-7.1	2.5	-2.3
EBT Excluding Unusual Items	2,857	2,762	2,501	2,156	1,758
Merger & Restructuring Charges	-	-	-	-28	-36.4
Gain (Loss) on Sale of Investments	-	-	-15.8	-	-
Asset Writedown	-	-16.2	-33.7	-21.1	-11.8
Pretax Income	2,857	2,745	2,452	2,107	1,709
Income Tax Expense	753	698.9	654.9	543.3	444.4
Earnings From Continuing Operations	2,104	2,046	1,797	1,563	1,265
Net Income to Company	2,104	2,046	1,797	1,563	1,265
Minority Interest in Earnings	-109	-97.9	-72.8	-68.8	-55.2
Net Income	1,995	1,949	1,724	1,494	1,210
Net Income to Common	1,995	1,949	1,724	1,494	1,210
Net Income Growth	2.39%	13.02%	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)	-0.61%	-0.20%	0.33%	0.04%	0.25%
EPS (Basic)	10.90	10.60	9.35	8.14	6.59
EPS (Diluted)	10.90	10.58	9.34	8.12	6.58
EPS Growth	2.98%	13.28%	15.02%	23.40%	11.78%
Free Cash Flow	-	2,353	2,500	2,374	871.1
Free Cash Flow Per Share	-	12.77	13.54	12.90	4.74
Dividend 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	81.16%	82.64%	82.65%	80.95%	78.52%
Operating Margin	40.50%	41.02%	42.17%	42.30%	39.22%
Profit Margin	27.03%	27.74%	28.28%	28.60%	27.72%
Free Cash Flow Margin	-	33.50%	41.00%	45.43%	19.96%
EBITDA	3,177	3,068	2,733	2,349	1,834
EBITDA Margin	43.05%	43.69%	44.82%	44.95%	42.02%
D&A For EBITDA	187.7	187.7	162	138.7	122.4
EBIT	2,989	2,881	2,571	2,210	1,711
EBIT Margin	40.50%	41.02%	42.17%	42.30%	39.22%
Effective Tax Rate	26.36%	25.46%	26.71%	25.79%	26.00%
Revenue as Reported	-	-	-	5,333	4,447

Source: S&P Global Market Intelligence. Standard template. Financial Sources.