Deutsche Börse Group has just published its half-yearly financial report 2025 including the figures for the second quarter. Please scroll down for the link to the entire report.
Overview of the results:
- Our net revenue rose by 4 percent to €1,505 million in the second quarter of 2025, mainly due to secular growth factors and despite lower treasury result.
- Net revenue without the treasury result, which is relevant for the management of the Group, increased by 10 percent to €1,298 million and was again slightly above our own expectations.
- Operating costs saw an expected increase of 3 percent to €620 million.
- Our earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to €891 million, an increase of 5 percent. EBITDA without the treasury result even grew by 19 percent to €684 million.
- Net income attributable to our shareholders was €509 million, 2 percent higher than in the same quarter of the previous year, which benefited from a positive tax effect. Earnings per share before purchase price allocation effects (Cash EPS) amounted to €2.96.
- Despite the normalization of equity market volatility and a weaker US dollar exchange rate, we confirm our forecast of net revenue without the treasury result of around €5.2 billion and EBITDA without the treasury result of around €2.7 billion for 2025.
- Gregor Pottmeyer, CFO of Deutsche Börse AG, commented on the results as follows: “Our Group achieved further secular growth in the second quarter. This is the result of our long-term growth strategy, which focuses in particular on product innovation, new client acquisition as well as market share gains. In addition, increased capital inflows into Europe are driving growth in many areas of the Group. Combined with notably underproportional cost growth, we also achieved strong operational economies of scale in the second quarter. We are therefore very confident about the second half of the year and confirm our forecast for the full year despite declining equity market volatility.”
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
The firm is now enabling the onboarding of participants from the European Economic Area (EEA).
-
The first issuance is planned for the second half of 2026.
-
The firm received MiCA authorisation from Luxembourg’s CSSF.
-
From September 2026, Euronext Securities aims to offer a European CSD service.
-
This marks a concrete step in positioning Athens as a dual financial and technology hub in Europe.