Germany's Deutsche Boerse Q3 net revenue rises, lifts FY outlook

Deutsche Boerse AG

Tue 18:17

Overview
Germany exchange operator's Q3 net revenue rose 13% yr/yr to €1.63 bln
Q3 net profit rose 18% yr/yr to €559 mln
Company completed €500 mln share buyback and raised 2026 guidance

Outlook
Deutsche Boerse raises its total net revenue guidance for 2026 again
Company expects continued benefit from rising assets under custody and higher transaction volumes
Company sees ongoing positive impact from higher interest rates on treasury result

Result Drivers
MARKET VOLATILITY - Co said higher market activity and volatility in interest rate and bond markets supported trading and hedging activity, boosting results
STRUCTURAL TRENDS - Co said ongoing structural trends, including increased institutional and private investment in capital-market-based products, drove double-digit growth in six of eight businesses
TREASURY RESULT - Higher interest rates led to a 7% increase in treasury result, contributing to overall net revenue growth

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue without treasury
 
EUR 1.42 bln
 
Q3 Net Income attributable to shareholders
 
EUR 559 mln
 
Q3 EBITDA without treasury
 
EUR 760 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the financial & commodity market operators & service providers peer group is "buy"
Wall Street's median 12-month price target for Deutsche Boerse AG is €305.00, about 1.3% below its October 20 closing price of €308.90
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Oct 20 - Switzerland's ABB Q3 revenue rises 14%, to form joint venture with Mitsubishi Electric
Oct 20 - German producer prices rise most in 3-1/2 years in September
Oct 20 - German ZEW investor morale falls more than expected as energy prices weigh

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release https://www.deutsche-boerse.com/resource/blob/5441088/cbc8b58f6fc5d5fbed53b0b66dd83d6c/data/gdb-quarterly-statement-q3-2026_en.pdf
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)