Business Segments Deutsche Börse AG

Equities

DB1

DE0005810055

Financial & Commodity Market Operators

Real-time Estimate Tradegate Other stock markets 14:43:41 17/04/2026 +03			5-day change	1st Jan Change
265.70 ^EUR	+2.39%		+5.15%	+18.69%

02:25pm	Dax investors pin hopes on imminent Middle East peace	RE
11:30am	Deutsche Börse in high demand following Bank of America upgrade	DP

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Gross Profit: Breakdown by Business Segment

Breakdown by Business Segment (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Financial Data Feeds
D&A	-	104M	128M	203M	211M
Operating Income	-	158M	148M	265M	271M
Gross Profit	-	652M	863M	1.28B	1.33B
EBITDA	-	262M	276M	468M	482M
Operating Income	18.8M	-	-	-	-
CAPEX	-	-35.1M	-	-	-
EBITDA	63.4M	-	-	-	-
D&A	44.6M	-	-	-	-
CAPEX	-17.3M	-	-	-	-
Gross Profit	224M	-	-	-	-
Operating Income	-	-	-	-	-
D&A	-	-	-	-	-
EBITDA	-	-	-	-	-
Gross Profit	-	-	-	-	-
CAPEX	-	-	-	-	-
Clearinghouses
Operating Income	390M	-	-	-	-
D&A	69.7M	-	-	-	-
Gross Profit	835M	-	-	-	-
EBITDA	460M	-	-	-	-
CAPEX	-72.8M	-	-	-	-
Credit Agencies
Operating Income	-	-	-	-	-
D&A	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
CAPEX	-	-	-	-	-
Investment Funds
Operating Income	219M	160M	181M	231M	266M
D&A	36.9M	44M	45.8M	47.4M	53M
Gross Profit	382M	376M	440M	494M	537M
EBITDA	256M	204M	227M	279M	319M
CAPEX	-16.4M	-38.1M	-	-	-
Internal Sales	-	-	-	-	-
Securities and Commodities Markets Services
Clearstream	-	-	-	-	-
Interest Expense	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Security and Commodity Exchanges
Market Data + Services	-	-	-	-	-
Interest Expense	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
CAPEX	-22.8M	-	-	-	-
Gross Profit	342M	-	-	-	-
EBITDA	162M	-	-	-	-
D&A	33.1M	-	-	-	-
Operating Income	129M	-	-	-	-
CAPEX	-7.6M	-	-	-	-
Gross Profit	108M	-	-	-	-
EBITDA	54.1M	-	-	-	-
D&A	21.5M	-	-	-	-
Operating Income	32.6M	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
CAPEX	-7.7M	-	-	-	-
Gross Profit	259M	-	-	-	-
EBITDA	181M	-	-	-	-
D&A	28.5M	-	-	-	-
Operating Income	152M	-	-	-	-
CAPEX	-13.5M	-	-	-	-
Gross Profit	364M	-	-	-	-
EBITDA	243M	-	-	-	-
D&A	15.3M	-	-	-	-
Operating Income	228M	-	-	-	-
CAPEX	-48.3M	-	-	-	-
Gross Profit	996M	-	-	-	-
EBITDA	624M	-	-	-	-
D&A	44.1M	-	-	-	-
Operating Income	580M	-	-	-	-
CAPEX	-	-159M	-	-	-
Gross Profit	-	2.19B	2.26B	2.41B	2.55B
EBITDA	-	1.33B	1.35B	1.45B	1.57B
D&A	-	135M	166M	155M	159M
Operating Income	-	1.2B	1.18B	1.3B	1.41B
CAPEX	-	-91.2M	-	-	-
Gross Profit	-	1.12B	1.51B	1.64B	1.6B
EBITDA	-	730M	1.09B	1.2B	1.14B
D&A	-	73.3M	78.5M	90.7M	78M
Operating Income	-	656M	1.01B	1.11B	1.06B
Eurex	-	-	-	-	-
Interest Expense	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Xetra	-	-	-	-	-
Interest Expense	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Rest of Euro Zone	1.34B	1.49B	1.63B	1.99B	2.23B
Total Assets	340M	695M	-3.3B	792M	809M
Germany	1.01B	1.05B	1.08B	1.22B	1.32B
Total Assets	3.86B	3.7B	3.79B	3.82B	3.84B
UK	807M	883M	916M	925M	1B
United States	-	-	654M	718M	835M
Total Assets	3.28B	3.55B	3.31B	3.48B	3.04B
Total Assets	1.31B	1.33B	1.36B	-	1.34B
Total Assets	-	-	3.99B	3.95B	3.92B
Rest of Europe	394M	432M	551M	689M	726M
Total Assets	32.4M	33.3M	4.02B	1.36B	76M
CAPEX	-4.2M	-8.7M	-	-	-
Asia-Pacific	254M	290M	321M	420M	431M
Total Assets	27.7M	36.1M	35.7M	30.8M	37M
CAPEX	-200K	-900K	-	-	-
America (Excluding United States)	-	-	-	106M	110M
Total Assets	-	-	-	1.1M	1M
European Union	-	-	-	-	-
Total Assets	-	-	-	4.61B	-
CAPEX	-178M	-281M	-	-	-
America	472M	640M	65.7M	-	-
Total Assets	-	-	1.3M	1.1M	-
CAPEX	-24.3M	-32.8M	-	-	-
Consolidation of Internal Net Revenue	-67.1M	-96.2M	-89.6M	-99.7M	-108M