NYSE : DB
Deutsche Bank Aktiengesellschaft — Financial statements
Financials · Banks - Regional · Germany
Last price 33.64 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 62.27B
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Financial statements
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 44.68B | 44.44B | 49.00B | 43.55B | 24.30B | 16.60B |
| Interest Paid on Deposits | 27.41B | 28.77B | 33.84B | 27.42B | 10.65B | 5.44B |
| Net Interest Income | 17.28B | 15.67B | 15.16B | 16.12B | 13.65B | 11.15B |
| Income From Trading Activities | 4.45B | 4.58B | 5.66B | 5.58B | 3.00B | 3.04B |
| Gain (Loss) on Sale of Assets | -1.00M | -1.00M | 32.00M | 41.00M | 404.00M | 10.00M |
| Gain (Loss) on Sale of Investments | 57.00M | 58.00M | 37.00M | -96.00M | -218.00M | 238.00M |
| Gain (Loss) on Sale of Equity Investments | -6.00M | -6.00M | 12.00M | -38.00M | 152.00M | 98.00M |
| Other Non-Interest Income | 10.77B | 11.13B | 10.61B | 9.55B | 10.22B | 10.87B |
| Total Non-Interest Income | 15.27B | 15.76B | 16.34B | 15.03B | 13.56B | 14.26B |
| Revenues Before Loan Losses | 32.55B | 31.43B | 31.50B | 31.16B | 27.21B | 25.41B |
| Provision for Loan Losses | 1.87B | 1.71B | 1.83B | 1.50B | 1.23B | 515.00M |
| Revenue | 30.68B | 29.73B | 29.68B | 29.65B | 25.98B | 24.90B |
| Salaries and Employee Benefits | 11.42B | 11.23B | 11.24B | 10.65B | 10.28B | 9.93B |
| Selling, General & Administrative | 9.35B | 9.24B | 9.60B | 10.28B | 9.75B | 10.85B |
| Other Non-Interest Expense | 3.00M | 2.00M | ||||
| Total Non-Interest Expense | 20.77B | 20.48B | 20.84B | 20.93B | 20.03B | 20.77B |
| EBT Excluding Unusual Items | 9.90B | 9.25B | 8.83B | 8.72B | 5.96B | 4.12B |
| Asset Writedown | -19.00M | -19.00M | -94.00M | -5.00M | ||
| Legal Settlements | -179.00M | -179.00M | -2.04B | -311.00M | -413.00M | -466.00M |
| Pretax Income | 9.72B | 9.07B | 6.70B | 7.95B | 5.59B | 3.39B |
| Income Tax Expense | 2.54B | 2.25B | 2.22B | 1.50B | -64.00M | 880.00M |
| Earnings From Continuing Operations | 7.18B | 6.81B | 4.48B | 6.45B | 5.66B | 2.51B |
| Minority Interest in Earnings | -225.00M | -208.00M | -139.00M | -119.00M | -134.00M | -144.00M |
| Net Income | 6.95B | 6.61B | 4.34B | 6.33B | 5.53B | 2.37B |
| Preferred Dividends & Other Adjustments | 829.00M | 761.00M | 574.00M | 498.00M | 479.00M | 363.00M |
| Net Income to Common | 6.12B | 5.84B | 3.77B | 5.83B | 5.05B | 2.00B |
| Basic Shares Outstanding | 1.92B | 1.95B | 1.99B | 2.06B | 2.08B | 2.10B |
| Diluted Shares Outstanding | 1.95B | 2.00B | 2.04B | 2.10B | 2.13B | 2.14B |
| EPS (Basic) | 3.19 | 2.99 | 1.89 | 2.83 | 2.42 | 0.95 |
| EPS (Diluted) | 3.14 | 2.93 | 1.85 | 2.77 | 2.37 | 0.93 |
| Dividend Per Share | 1.00 | 1.00 | 0.68 | 0.45 | 0.30 | 0.20 |
| Effective Tax Rate | 26.11% | 24.87% | 33.16% | 18.90% | 25.97% |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 137.25B | 138.28B | 130.67B | 163.77B | 165.62B | 179.95B |
| Investment Securities | 226.45B | 255.41B | 219.53B | 167.66B | 160.96B | 137.29B |
| Trading Asset Securities | 478.72B | 395.46B | 431.57B | 377.21B | 392.72B | 406.64B |
| Mortgage-Backed Securities | 463.00M | 414.00M | 442.00M | 486.00M | 714.00M | |
| Total Investments | 705.17B | 651.34B | 651.51B | 545.31B | 554.17B | 544.64B |
| Gross Loans | 497.33B | 493.28B | 497.97B | 481.40B | 489.72B | 477.22B |
| Allowance for Loan Losses | -6.55B | -6.07B | -5.70B | -5.21B | -4.85B | -4.78B |
| Other Adjustments to Gross Loans | -1.19B | -1.35B | -1.68B | -131.00M | -227.00M | |
| Net Loans | 490.78B | 486.02B | 490.92B | 474.52B | 484.74B | 472.21B |
| Property, Plant & Equipment | 5.77B | 5.92B | 6.19B | 6.18B | 6.10B | 5.54B |
| Goodwill | 2.73B | 2.96B | 2.85B | 2.92B | 2.81B | |
| Other Intangible Assets | 7.93B | 4.83B | 4.79B | 4.48B | 4.17B | 4.02B |
| Accrued Interest Receivable | 4.54B | 4.58B | 4.16B | 3.59B | 2.08B | |
| Other Receivables | 9.38B | 48.25B | 43.98B | 41.67B | 51.98B | 49.89B |
| Other Current Assets | 58.82B | 18.54B | 32.40B | 20.89B | 23.21B | |
| Long-Term Deferred Tax Assets | 6.26B | 5.74B | 6.70B | 7.77B | 7.27B | 6.22B |
| Other Long-Term Assets | 217.91B | 33.40B | 30.19B | 29.22B | 35.33B | 33.43B |
| Total Assets | 1.58T | 1.44T | 1.39T | 1.31T | 1.34T | 1.32T |
| Interest Bearing Deposits | 715.69B | 520.31B | 489.79B | 438.34B | 374.65B | 377.97B |
| Non-Interest Bearing Deposits | 174.27B | 177.91B | 183.69B | 246.80B | 225.78B | |
| Total Deposits | 715.69B | 694.58B | 667.70B | 622.03B | 621.46B | 603.75B |
| Short-Term Borrowings | 299.41B | 259.60B | 318.62B | 281.68B | 296.71B | 303.20B |
| Current Portion of Long-Term Debt | 282.00M | 97.81B | 63.67B | 73.32B | 88.18B | 92.75B |
| Current Portion of Leases | 699.00M | 614.00M | 835.00M | 633.00M | 682.00M | |
| Current Income Taxes Payable | 966.00M | 499.00M | 492.00M | 369.00M | 240.00M | 411.00M |
| Accrued Interest Payable | 4.91B | 5.11B | 4.79B | 2.83B | 1.62B | |
| Other Current Liabilities | 49.38B | 154.45B | 111.66B | 126.34B | 134.20B | 127.49B |
| Long-Term Debt | 262.08B | 119.32B | 114.27B | 98.69B | 88.97B | 98.04B |
| Long-Term Leases | 3.49B | 3.87B | 3.66B | 3.84B | 3.28B | |
| Long-Term Deferred Tax Liabilities | 757.00M | 594.00M | 574.00M | 546.00M | 650.00M | 501.00M |
| Other Long-Term Liabilities | 170.85B | 21.64B | 22.58B | 25.25B | 26.76B | 24.22B |
| Total Liabilities | 1.50T | 1.36T | 1.31T | 1.24T | 1.26T | 1.26T |
| Common Stock | 4.89B | 4.89B | 5.11B | 5.22B | 5.29B | 5.29B |
| Additional Paid-In Capital | 37.88B | 38.28B | 39.74B | 40.19B | 40.51B | 40.58B |
| Retained Earnings | 31.08B | 30.27B | 25.87B | 21.32B | 17.80B | 12.61B |
| Treasury Stock | -1.66B | -185.00M | -713.00M | -481.00M | -331.00M | -6.00M |
| Comprehensive Income & Other | 7.22B | 7.46B | 10.25B | 6.81B | 7.26B | 7.86B |
| Total Common Equity | 79.41B | 80.72B | 80.26B | 73.05B | 70.54B | 66.33B |
| Minority Interest | 1.62B | 1.56B | 1.61B | 1.76B | 1.79B | 1.70B |
| Shareholders' Equity | 81.03B | 82.28B | 81.86B | 74.82B | 72.33B | 68.03B |
| Total Liabilities & Equity | 1.58T | 1.44T | 1.39T | 1.31T | 1.34T | 1.32T |
| Total Debt | 561.77B | 480.92B | 501.05B | 458.19B | 478.33B | 497.96B |
| Net Cash (Debt) | 95.55B | 220.61B | 216.50B | 186.04B | 177.97B | 177.57B |
| Net Cash Per Share | 48.95 | 110.41 | 106.16 | 88.42 | 83.73 | 82.85 |
| Filing Date Shares Outstanding | 1.85B | 1.90B | 1.95B | 1.99B | 2.04B | 2.07B |
| Total Common Shares Outstanding | 1.85B | 1.90B | 1.95B | 1.99B | 2.04B | 2.07B |
| Book Value Per Share | 42.83 | 42.42 | 41.26 | 36.67 | 34.61 | 32.11 |
| Tangible Book Value | 71.48B | 73.16B | 72.51B | 65.73B | 63.45B | 59.51B |
| Tangible Book Value Per Share | 38.55 | 38.45 | 37.28 | 32.99 | 31.13 | 28.80 |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.61B | 4.34B | 6.33B | 5.53B | 2.37B | |
| Depreciation & Amortization | 1.46B | 1.50B | 3.37B | 3.46B | 3.56B | |
| Other Amortization | 1.25B | 1.17B | ||||
| Gain (Loss) on Sale of Investments | -22.00M | -76.00M | -84.00M | 128.00M | -276.00M | |
| Total Asset Writedown | 19.00M | 94.00M | 233.00M | 68.00M | 5.00M | |
| Provision for Credit Losses | 1.71B | 1.83B | 1.50B | 1.23B | 515.00M | |
| Change in Trading Asset Securities | -19.52B | -14.95B | -35.42B | 2.22B | 19.87B | |
| Change in Other Net Operating Assets | 14.66B | -60.43B | 31.36B | -25.46B | -62.49B | |
| Other Operating Activities | 709.00M | 1.05B | 283.00M | -717.00M | 165.00M | |
| Operating Cash Flow | 6.82B | -65.48B | 7.91B | -13.80B | -36.22B | |
| Capital Expenditures | -443.00M | -528.00M | -422.00M | -337.00M | -550.00M | |
| Sale of Property, Plant and Equipment | 18.00M | 20.00M | 33.00M | 22.00M | 114.00M | |
| Cash Acquisitions | -361.00M | -5.00M | ||||
| Investment in Securities | -24.45B | -4.90B | -439.00M | -16.21B | 25.05B | |
| Income (Loss) Equity Investments | -35.00M | 4.00M | 107.00M | -129.00M | -197.00M | |
| Divestitures | 3.00M | 439.00M | ||||
| Other Investing Activities | -1.44B | -1.37B | -1.39B | -1.08B | -1.01B | |
| Investing Cash Flow | -26.31B | -6.78B | -2.58B | -17.18B | 23.59B | |
| Long-Term Debt Issued | 54.00M | 20.00M | 1.43B | 2.72B | 1.15B | |
| Long-Term Debt Repaid | -3.23B | -711.00M | -2.23B | -697.00M | -1.23B | |
| Lease Payments | -496.00M | -552.00M | -534.00M | -607.00M | -679.00M | |
| Net Debt Issued (Repaid) | -3.18B | -691.00M | -798.00M | 2.02B | -79.00M | |
| Issuance of Common Stock | 5.57B | 6.32B | 415.00M | 6.07B | 5.18B | |
| Repurchase of Common Stock | -7.04B | -4.47B | -1.26B | -6.50B | -3.01B | |
| Common Dividends Paid | -2.08B | -1.46B | -1.11B | -885.00M | -363.00M | |
| Net Increase (Decrease) in Deposit Accounts | 40.24B | 36.89B | -2.30B | 11.69B | 33.27B | |
| Other Financing Activities | -111.00M | -347.00M | -104.00M | -91.00M | -97.00M | |
| Financing Cash Flow | 33.41B | 36.25B | -5.15B | 12.30B | 34.90B | |
| Foreign Exchange Rate Adjustments | -6.31B | 2.91B | -2.04B | 4.35B | 1.34B | |
| Net Cash Flow | 7.61B | -33.10B | -1.86B | -14.32B | 23.62B | |
| Free Cash Flow | 6.38B | -66.00B | 7.48B | -14.14B | -36.77B | |
| Free Cash Flow Margin | 21.46% | -222.43% | 25.24% | -54.40% | -147.70% | |
| Free Cash Flow Per Share | 3.19 | -32.37 | 3.56 | -6.65 | -17.16 | |
| Free Cash Flow After Leases | 5.88B | -66.56B | 6.95B | -14.74B | -37.45B | |
| Cash Interest Paid | 28.80B | 33.57B | 25.45B | 9.47B | 5.56B | |
| Cash Income Tax Paid | 1.36B | 1.39B | 955.00M | 1.29B | 1.03B |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 64.22B | 74.12B | 33.49B | 27.21B | 23.05B | 25.88B |
| Last Close Price | 34.09 | 37.56 | 16.28 | 12.67 | 10.53 | 11.24 |
| PE Ratio | 9.80 | 10.80 | 8.59 | 4.22 | 4.28 | 11.37 |
| PS Ratio | 1.82 | 2.12 | 1.09 | 0.83 | 0.83 | 0.91 |
| PB Ratio | 0.69 | 0.77 | 0.40 | 0.33 | 0.30 | 0.33 |
| P/FCF Ratio | 9.90 | 3.29 | ||||
| P/OCF Ratio | 9.25 | 3.12 | ||||
| Debt / Equity Ratio | 6.93 | 5.84 | 6.12 | 6.12 | 6.61 | 7.32 |
| Debt / FCF Ratio | 75.39 | 61.23 | ||||
| Net Debt / Equity Ratio | -1.18 | -2.68 | -2.65 | -2.49 | -2.46 | -2.61 |
| Net Debt / FCF Ratio | -34.58 | 3.28 | -24.86 | 12.59 | 4.83 | |
| Return on Equity (ROE) | 8.98% | 8.30% | 5.72% | 8.77% | 8.06% | 3.85% |
| Return on Assets (ROA) | 0.48% | 0.48% | 0.33% | 0.49% | 0.43% | 0.19% |
| Earnings Yield | 10.20% | 10.46% | 13.42% | 25.72% | 25.61% | 10.39% |
| FCF Yield | -31.97% | 10.11% | -204.06% | 30.39% | -65.54% | -161.61% |
| Dividend Yield | 2.48% | 3.01% | 4.09% | 3.64% | 2.83% | 1.82% |
| Payout Ratio | 23.35% | 31.43% | 33.56% | 17.50% | 16.02% | 15.35% |
| Buyback Yield / Dilution | 2.87% | 2.02% | 3.08% | 1.02% | 0.82% | 1.24% |
| Total Shareholder Return | 5.39% | 5.04% | 7.16% | 4.66% | 3.65% | 3.06% |