Germany's DWS FY 2025 revenue beats on higher transaction fees

DWS GmbH & Co KgaA

29/01/2026 06:07

Overview

Germany asset manager's FY 2025 revenue rose 14%, beating analyst expectations

Net income for FY 2025 increased by 43% to EUR 927 mln

Total assets under management reached EUR 1,085 bln, a new record

Outlook

DWS aims for EPS growth of 10-15% annually until 2028

Company targets cost-income ratio below 55% by 2027

DWS expects cumulative net flows above EUR 160 bln over 2026-2028

Result Drivers

REVENUE GROWTH - Revenue increased by 14% driven by higher performance and transaction fees, increased management fees, and higher other revenues

NET INFLOWS - Strong net inflows driven by Passive including Xtrackers flows and supported by Active SQI, Alternatives, and Active Fixed Income

COST MANAGEMENT - Costs remained stable year-on-year, with a slight increase in Q4 due to higher compensation and benefits costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
EUR 3.16 bln
EUR 3.06 bln (12 Analysts)
FY Net Income
EUR 927 mln
FY Dividend
EUR 3


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for DWS Group GmbH & Co KgaA is €58.50, about 2% above its January 28 closing price of €57.35

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nEQ25MHYYa

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(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.)