Deutsche Börse (DB1.DE): analysis in plain words
Is Deutsche Börse cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Deutsche Börse (DB1.DE) is listed on the Frankfurt Stock Exchange (Xetra) and we classify it in financial services and payments. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Deutsche Börse according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Deutsche Börse (DB1.DE) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €318.70 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 26.3x | Price over earnings per share |
| Revenue growth | +16.2% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 27.4% | Profit for every 100 of sales |
| Net debt / EBITDA | N/A | Years of operating profit to repay debt |
| Dividend yield | 1.34% | Annual dividend over price |
| Market cap | €56.8 billion | What the stock market values it at |
The Deutsche Börse figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any DB1.DE figure that is not available shows as N/A: we do not estimate it.
How Deutsche Börse makes money
Deutsche Börse earns fees across the market value chain. It reports Trading & Clearing (Eurex derivatives, Xetra equities, EEX energy, FX trading platforms), its largest business; Securities Services (custody through Clearstream); Fund Services; and Investment Management Solutions, which includes STOXX indexes, SimCorp and ISS STOXX.
Over the last 12 months, Deutsche Börse brought in revenue of €8.0 billion. For every 100 it sells, Deutsche Börse keeps 80.0 after the direct cost of what it sells (gross margin) and 41.5 after all operating costs (operating margin). With 15,433 full-time employees, that is about €521,000 of revenue per employee.
Deutsche Börse against its sector
To know whether a Deutsche Börse figure is high or low you have to put it next to similar companies. This table compares Deutsche Börse with the median of the 21 financial services and payments companies Fintols covers, with data as of November 4, 2026.
| Figure | Deutsche Börse | financial services and payments median |
|---|---|---|
| P/E | 26.3x | 27.9x (21) |
| Revenue growth | +16.2% | +12.4% (24) |
| Net margin | 27.4% | 25.8% (24) |
| Dividend yield | 1.34% | 0.81% (24) |
In short, against the typical financial services and payments company, Deutsche Börse grows faster and pays a higher dividend yield.
The bull case for Deutsche Börse
What works in favour of Deutsche Börse, according to its figures as of November 4, 2026:
- Deutsche Börse keeps 27.4 of every 100 it sells as net profit, against 25.8 for the median financial services and payments company: a margin like that leaves money to invest, buy back shares or pay dividends.
- Deutsche Börse grew sales +16.2% in its latest quarter against the same quarter a year earlier, while the median financial services and payments company Fintols tracks grew +12.4%.
- Deutsche Börse earns 20.3% a year on its shareholders' money (return on equity).
The main risk for Deutsche Börse
The Deutsche Börse figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: a drop in the payment, investment or trading volumes it earns fees on, plus regulation.
Frequently asked questions about Deutsche Börse
Is it a good time to buy Deutsche Börse stock?
Fintols does not tell you whether to buy or sell Deutsche Börse, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Deutsche Börse stock trades at €318.70, 1% below its 52-week high (€321.50) and 59% above its low (€200.10). Its P/E is 26.3x against a financial services and payments median of 27.9x, and 23.3x on the earnings analysts expect over the next 12 months. With Deutsche Börse, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Deutsche Börse pay a dividend?
Yes. As of November 4, 2026, Deutsche Börse pays €4.20 per share a year, which at today's price is a yield of 1.34%. It uses 35% of its profit to pay it, which leaves room to keep paying it if profit dips. The financial services and payments median on Fintols is 0.81%.
Is Deutsche Börse stock expensive?
It depends on what you compare it with. On P/E, Deutsche Börse trades at 26.3x its last 12 months of earnings: in line with the financial services and payments median (27.9x). A high P/E alone does not make Deutsche Börse expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Deutsche Börse's competitors?
On Fintols we compare Deutsche Börse with Adyen, Nu Holdings and Affirm, which are also in financial services and payments. As of November 4, 2026, Adyen is worth €27.0 billion and trades on a P/E of 24.0; Nu Holdings is worth $57.9 billion and trades on a P/E of 16.4; Affirm is worth $25.5 billion and trades on a P/E of 13.7. Each has a side-by-side comparison with Deutsche Börse below.
Deutsche Börse competitors
- Adyen (ADYEN.AS) analysis · Deutsche Börse vs Adyen comparison
- Nu Holdings (NU) analysis · Deutsche Börse vs Nu Holdings comparison
- Affirm (AFRM) analysis · Deutsche Börse vs Affirm comparison
To understand Deutsche Börse better
- Economic Moats Explained: From Warren Buffett to AI
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like Deutsche Börse: financial services and payments stocks and Euro Stoxx 50 companies. Open the full DB1.DE analysis with its valuation and scenarios. Educational content about Deutsche Börse, not investment advice.