Deutsche Börse Reports Record Q1 EBITDA as Geopolitical Volatility Drives Trading Volumes | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Deutsche Börse reported a record first-quarter EBITDA of €1.007 billion, up 10% year-on-year, as heightened geopolitical tensions and market volatility drove strong demand across its trading, clearing, and post-trade businesses.
Net revenue, including the treasury result, rose 9% to €1.638 billion, whilst net revenue excluding the treasury result grew 12% to €1.434 billion, reflecting continued structural growth across the group’s diversified business model.
EBITDA excluding the treasury result increased 18% to €803 million, underlining the operational leverage in Deutsche Börse’s core business. Net profit attributable to shareholders rose 11% to €585 million, with earnings per share of €3.21.
The firm noted that the quarter was characterised by escalating military tensions in the Near and Middle East from March onwards, which prompted continuous reassessment of global risk positions by market participants, resulting in elevated volatility across equities, bonds, and energy markets.
The group’s Trading & Clearing and Commodities segments benefited particularly from increased hedging activity and higher power and gas trading volumes.
The Fund Services and Securities Services segments maintained strong structural growth, with assets under custody reaching new record highs. The Investment Management Solutions segment saw growth offset partly by an 11% weakening of the US dollar against the euro.
Deutsche Börse maintained its full-year 2026 guidance, with Chief Financial Officer Jens Schulte saying the group had once again demonstrated the strength and scalability of its business model.
The group also confirmed progress on the planned acquisition of Allfunds Group, with completion expected in the first half of 2027.
