Saturday 17 October 2026 Export DB’s income statement to Excel — free account

Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft’s revenue for fiscal 2025 (year ended December 2025) was $68.1 billion, down 3.67% from fiscal 2024. In the quarter to June 2026, revenue grew 5.77%, EPS grew 161.0%, free cash flow grew 127.2% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years.

32.57 0.29 −0.88%

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Market cap: $61.8B
P/E: 7.6×
Fwd P/E: 8.4×
Dividend yield: 3.64%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 9.96%

Capital & Financial Ratios $m

Market Cap 61,750.00

Revenue 69,627.54

Net Income 12,313.65

Free Cash Flow 57,586.75

Net Debt (290,464.50)

Current Ratio 0.72

Debt/Equity 1.35

P/E ratio 7.58

Fwd P/E 8.39

P/S ratio 0.89

P/B ratio 0.65

Past 5Y EPS Growth 112.91%

This Y EPS Growth 1.39%

Next Y EPS Growth 17.44%

Next Y revenue growth (65.55%)

Next 5Y EPS Growth 10.93%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 42.34%

10-year low 10-year high

P/S against its own 10 years 85.59%

10-year low 10-year high

P/B against its own 10 years 89.79%

10-year low 10-year high

Dividends

Payout Ratio 0.28

Annual Dividend Rate 1.19

Annual Dividend Yield 3.64%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.81	1.19
2025	0.77	0.77
2024	0.49	0.49
2023	0.32	0.32
2022	0.21	0.21
2021	Powerpack
2020	Powerpack
2019	0.12	0.12
2018	0.13	0.13
2017	0.21	0.21

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	719,247	361,669	824,892	419,936
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	1,238,051	885,294	1,365,944	989,612

	2023	2024	2025	Q'26
Payables	676,964	722,518	785,848	814,929
ST’ Debt	—	—	—	—
Other	—	346,172	304,014	358,249
	1,087,320	1,183,049	1,245,357	1,374,296

Compound Annual Growth %

	10y	5y	3y
Sales	3.47%	14.41%	19.87%
Cash Flow	(3.33%)	8.69%	0.00%
Earnings	0.00%	64.34%	5.02%
Book Value	2.17%	5.56%	6.99%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	17,115	18,587	—	—	—
’25	16,613	17,573	17,254	16,672	68,111
’24	17,422	17,437	19,842	16,002	70,703
’23	14,459	14,567	16,346	18,029	63,400
’22	9,891	9,070	6,625	6,757	39,541
’21	8,479	9,139	7,135	6,831	36,906
’20	6,941	8,553	6,962	6,941	34,745

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	7,648	—	—	—
’25	—	29,119	—	53,248	53,248
’24	—	(27,003)	—	(30,931)	(30,931)
’23	—	—	—	—	6,067
’22	—	—	—	—	(2,226)
’21	—	—	—	—	(3,493)
’20	—	—	—	—	35,110

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	7,420	—	—	—
’25	—	28,879	—	52,767	52,767
’24	—	(27,247)	—	(31,480)	(31,480)
’23	—	(188)	—	(421)	5,646
’22	—	(180)	—	—	(2,558)
’21	—	(176)	—	—	(4,008)
’20	—	(195)	—	—	34,552

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.93	1.44	—	—	—
’25	1.04	0.54	0.97	0.88	3.50
’24	0.75	(0.41)	1.77	0.16	1.48
’23	0.65	0.21	0.61	1.40	2.20
’22	0.62	0.61	0.55	0.91	2.50
’21	0.55	0.45	0.16	0.08	1.10
’20	0.02	(0.15)	0.15	0.07	0.08

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.99	15.59	7.62	6.44	4.99	10.08	7.25	8.85	12.43	17.06	Analyst estimates 2026–2028 Powerpack
	High	21.09	20.23	19.98	9.47	11.96	15.34	16.70	13.81	18.07	39.78
People
People	Employees	99,744	97,535	91,737	87,597	84,659	82,969	84,930	90,130	89,753	89,879
	Revenue/emp, $m	0.45	0.44	0.48	0.44	0.41	0.44	0.47	0.70	0.79	0.76
Income, $m
Income, $m	Revenue	45,306	43,133	43,599	38,713	34,745	36,906	39,541	63,400	70,703	68,111
	Gross margin, %	73.31	69.30	68.58	67.02	78.94	81.87	72.11	53.18	48.22	52.22
	EBT	(896)	1,388	1,571	(2,950)	1,146	4,162	5,739	8,610	7,253	10,261
	EBT margin, %	(1.98)	3.22	3.60	(7.62)	3.30	11.28	14.51	13.58	10.26	15.06
	Net income	(1,501)	(831)	403	(5,897)	699	3,070	5,852	6,983	4,849	7,709
	Depreciation	4,144	2,440	2,824	4,472	2,166	3,749	3,517	3,897	2,984	3,081
Per share, $
Per share, $	Revenue	32.64	21.92	20.74	18.35	16.48	17.60	18.97	30.72	35.47	34.85
	Earnings	(1.32)	(0.42)	(0.01)	(3.04)	0.08	1.14	2.55	2.24	1.52	3.57
	Cash flow	56.29	22.73	(30.37)	(21.47)	16.65	(1.67)	(1.07)	2.94	(15.51)	27.24
	Capex	(0.41)	(0.21)	(0.06)	(0.12)	(0.26)	(0.25)	(0.16)	(0.20)	(0.28)	(0.25)
	Free cash flow	55.88	22.52	(30.44)	(21.60)	16.39	(1.91)	(1.23)	2.74	(15.79)	27.00
	Book value	51.67	39.12	38.62	32.99	33.69	38.43	36.46	40.02	44.44	47.63
	Shares, m	1,388	1,968	2,102	2,110	2,108	2,097	2,085	2,064	1,994	1,955
Valuation, ×
Valuation, ×	P/E	0.00	0.00	43.51	0.00	98.02	9.78	4.21	4.64	7.34	10.99
	P/S	0.50	0.88	0.39	0.46	0.77	0.82	0.74	0.44	0.48	1.11
	P/B	0.32	0.49	0.21	0.26	0.33	0.39	0.36	0.34	0.38	0.81
	EV/Sales	(6.63)	(8.41)	(5.11)	(22.24)	(6.82)	(7.16)	(5.17)	(8.86)	(2.88)	(9.10)
	EV/FCF	(3.87)	(8.18)	3.48	10.97	10.32	(56.40)	(10.65)	3,485.42	2.48	(27.04)
Cash, $m
Cash, $m	Operating cash flow	78,137	44,733	(63,852)	(45,303)	35,110	(3,493)	(2,226)	6,067	(30,931)	53,248
	Capex	(574)	(420)	(129)	(263)	(557)	(516)	(332)	(421)	(550)	(481)
	Free cash flow	77,563	44,312	(63,981)	(45,566)	34,552	(4,008)	(2,558)	5,646	(31,480)	52,767
Balance, $m
Balance, $m	Working capital	(329,568)	(195,387)	(282,997)	(316,615)	(312,269)	(268,724)	(253,673)	150,731	(297,755)	120,587
	Total debt	194,666	188,085	183,577	153,140	172,327	170,969	138,588	129,219	124,334	129,835
	Net debt	(323,099)	(400,607)	(240,019)	(151,400)	(161,495)	(196,108)	(167,592)	(590,028)	(237,335)	(695,058)
	Shareholders’ equity	71,729	76,972	81,178	69,619	71,033	80,568	76,008	82,612	88,586	93,097
Returns, %
Returns, %	ROA	(0.09)	(0.05)	0.02	(0.40)	0.04	0.19	0.38	0.44	0.28	0.42
	ROIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	(2.11)	(1.14)	0.40	(8.01)	0.78	3.83	7.29	7.96	4.76	7.28

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
USB U.S. Bancorp	$89.4B	11.3×	10.9×	+2.26% (above 0%: growing)	+16.16% (above 0%: growing)	+151.96% (above 0%: growing)	70.62%	0.00%	Compare
PNC The PNC Financial Services Group, Inc	$85.8B	11.4×	12.4×	+6.44% (above 0%: growing)	+19.94% (above 0%: growing)	+45.07% (above 0%: growing)	70.11%	0.00%	Compare
LYG Lloyds Banking Group PLC	$78.4B	15.5×	—	−67.58% (below 0%: shrinking)	+413.83% (above 0%: growing)	+62.30% (above 0%: growing)	100.00%	0.00%	Compare
NU Nu Holdings Ltd.	$71.2B	19.7×	14.5×	+50.29% (above 0%: growing)	+69.23% (above 0%: growing)	−102.15% (below 0%: shrinking)	71.77%	0.00%	Compare
NWG NatWest Group plc	$69.2B	9.9×	8.4×	+14.08% (above 0%: growing)	+77.78% (above 0%: growing)	−47.36% (below 0%: shrinking)	59.01%	0.00%	Compare
DB Deutsche Bank Aktiengesellschaft	$61.8B	7.6×	8.4×	+5.77% (above 0%: growing)	+160.96% (above 0%: growing)	+127.23% (above 0%: growing)	57.34%	0.00%
TFC Truist Financial Corporation	$56.9B	10.7×	10.8×	+0.75% (above 0%: growing)	+36.26% (above 0%: growing)	+13.68% (above 0%: growing)	69.18%	0.00%	Compare
ITUB Itau Unibanco Holding S.A.	$51.3B	12.0×	—	+9.19% (above 0%: growing)	+25.86% (above 0%: growing)	+584.73% (above 0%: growing)	46.42%	0.00%	Compare
FITB Fifth Third Bancorp	$45.7B	17.0×	17.0×	+37.01% (above 0%: growing)	−4.55% (below 0%: shrinking)	+125.45% (above 0%: growing)	73.89%	0.00%	Compare
Median of peers	$70.2B	11.7×	11.7×	+7.82%	+31.06%	+53.69%	70.37%	0.00%

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