Germany's DWS slightly misses Q3 revenue estimates, reaffirms forecast

DWS GmbH & Co KgaA

28/10/2026 06:08

Overview
Germany asset manager's Q3 revenue rose 1% q-o-q, slightly missing analyst expectations
Net income for Q3 fell 3% q-o-q due to prior quarter tax benefit
Company achieved record Q3 net inflows and assets under management

Outlook
DWS reaffirms expectations outlined in its 2025 Annual Report, assuming a supportive market environment

Result Drivers
RECORD NET INFLOWS - Co said record net inflows in Passive including Xtrackers, Cash products, and supported by Active SQI, Alternatives, and Advisory Services drove growth in Q3
HIGHER MANAGEMENT FEES - Co attributed revenue growth to higher management fees, mainly driven by increased average assets under management
COST REDUCTION - Co said costs fell 2% q-o-q due to decreased general and administrative expenses and lower compensation and benefits costs

Company press release: ID:nEQ4NZbLVa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
EUR 784 mln
EUR 785.21 mln (4 Analysts)
Q3 Net Income
 
EUR 230 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Reuters Recommended Reads
Oct 26 - DWS restricts redemptions from troubled European property fund
Oct 28 - BNP Paribas beats Q3 profit forecast, unveils €1.3 billion share buyback
Oct 28 - UBS meets expectations with $2.7 billion Q3 profit

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

(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.)