Financial services: approx. 45%
Trading services: approx. 30%
Market data and analysis: approx. 25%

Top 3 markets:

1. Germany: approx. 40%
2. USA: approx. 25%
3. United Kingdom: approx. 15%

Deutsche Börse AG generates its revenues mainly from three core areas: financial services, trading services, and market data and analysis. The largest share of revenue comes from financial services, which include a variety of exchange and post-trade services.

Germany remains the most important market for Deutsche Börse AG, followed by the USA and the United Kingdom. These markets are crucial for the company as they represent significant financial centers and have a high demand for the services of Deutsche Börse AG.

Production: Not applicable

Deutsche Börse AG is a financial services company and does not engage in physical production of products. It offers services in the area of stock exchange trading, settlement and custody of securities, as well as market data and analysis.

The main activities of Deutsche Börse AG include operating trading platforms such as Xetra and the Frankfurt Stock Exchange, as well as services in clearing and settlement through its subsidiaries such as Eurex and Clearstream. These services are mainly provided in Germany and other European financial centers.

Strategy for Future Growth (Estimated 2025):

1. Diversification of Services
2. Technological Innovations
3. International Expansion

Deutsche Börse AG is pursuing a strategy aimed at diversifying its services, not limiting itself to traditional exchange services. This includes expanding data and analytics products and strengthening offerings in the digital asset space.

Another focus is on technological innovations. Deutsche Börse is investing in blockchain technologies and other digital platforms to offer more efficient and secure trading solutions.

Furthermore, the company is focusing on international expansion, especially in high-growth markets in Asia and North America. Through strategic partnerships and acquisitions, Deutsche Börse aims to expand its global presence and tap into new customer segments.

Imported raw materials/materials: No direct imports

Deutsche Börse AG is a financial services company and not a production company, therefore it does not import physical raw materials or materials. Its business activities include operating stock exchanges and providing financial services such as trading, clearing, settlement, and market data.

Since Deutsche Börse AG does not produce or process physical goods, information about raw material imports is not relevant for this company. Its focus is on the management and infrastructure of financial markets.

Market Capitalization: 30 billion euros (2025, estimated)
EBITDA Margin: 60% (2024)
Return on Equity (ROE): 18% (2024)

Deutsche Börse AG has a significant competitive advantage, reflected in its strong market position and high profitability. The EBITDA margin of 60% shows that the company is able to efficiently manage its operating costs and generate high profits. This margin is above the industry average, indicating an effective cost structure and strong pricing power.

The 18% Return on Equity suggests that Deutsche Börse AG effectively maximizes its return on equity, which is attractive to investors. This shows that the company is able to generate high returns from its investments.

In addition, Deutsche Börse AG benefits from its role as a key player in the European financial market, providing it with a stable source of income and a strong negotiating position against competitors. Continuous investment in technology and innovation further strengthens its position in the financial services sector.

Institutional investor share: approx. 85% (2025, estimated)

Insider purchases/sales: No significant transactions in the last year (2024)

The institutional investor share at Deutsche Börse AG remains traditionally high, as large institutional investors such as pension funds, investment funds, and insurance companies typically invest in such stable and established companies.

In 2024, there were no significant insider transactions, indicating that the management and other insiders currently do not expect any significant changes in the company's valuation. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of Deutsche Börse AG: 12% (2025, estimated)

Main competitors and market shares:

1. Intercontinental Exchange (ICE): 15%
2. CME Group: 14%
3. Deutsche Börse AG: 12%
4. London Stock Exchange Group (LSEG): 10%
5. Nasdaq: 9%
6. Hong Kong Exchanges and Clearing (HKEX): 8%
7. Japan Exchange Group: 7%
8. Euronext: 6%
9. Shanghai Stock Exchange: 5%
10. SIX Swiss Exchange: 4%

Moat of Deutsche Börse AG:

Deutsche Börse AG has a significant moat, which results from several factors. Firstly, it has a strong market position in Europe, especially in the derivatives trading through Eurex. Secondly, it offers a broad range of financial services, ranging from trading and clearing to market data and indices. This diversification strengthens its position and creates a certain dependency of market participants on its services.

However, compared to its competitors, Deutsche Börse AG has a less pronounced moat than, for example, CME Group or Intercontinental Exchange, which have a stronger competitive advantage due to their global reach and leading positions in various segments of the financial markets. CME Group particularly dominates derivatives trading in the USA, while ICE stands out for its extensive infrastructure in energy trading and data services.

In summary, Deutsche Börse AG has a solid but not outstanding moat in international comparison. Its strength lies in its European market presence and the diversification of its services, while some competitors enjoy a stronger competitive advantage due to their global reach and specialization in specific market segments.

Revenue growth: 8.5% (2024) Profit growth: 10.2% (2024) Market share in European stock trading: 30% (2024)

Deutsche Börse AG recorded solid revenue growth of 8.5% in 2024, attributed to increased trading activity and the introduction of new financial products. The profit growth of 10.2% in the same year highlights the company's efficiency improvements and successful cost control.

With a market share of 30% in European stock trading, Deutsche Börse AG remains a dominant player in the industry. This strong market position enables the company to benefit from ongoing volatility and trading volumes.

Future growth opportunities could arise from the digitization of trading processes and expansion into new markets. The strategic focus on technological innovations and sustainable financial products could further enhance long-term growth potential.

Overall, the financial stability and strategic positioning indicate that Deutsche Börse AG represents an attractive investment opportunity, especially for investors interested in stable and growth-oriented investments.

Dividend yield: 2.5% (estimated for 2025)
Dividend history: Continuous payout for over 10 years

Deutsche Börse AG is known for its reliable dividend policy. In recent years, the company has consistently distributed dividends, indicating a stable financial performance and a solid capital structure.

A dividend yield of approximately 2.5% is expected for the year 2025. This estimate is based on the company's past distribution policy and current market conditions. Deutsche Börse AG has pursued a progressive dividend policy in the past, indicating that it will also strive to offer attractive returns to its shareholders in the future.