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Deutsche Börse AG is a German multinational and operator of Frankfurt Stock Exchange, Xetra, Eurex, Clearstream, STOXX, Qontigo, and Investment Management Solutions. Headquartered at The Cube, Mergenthalerallee 61, 65760 Eschborn, Germany, the Group provides trading, clearing, market data, indices, and post-trade services. In Q2 2025, net revenue rose 4% to €1.505 billion, while net revenue excluding treasury result (used for internal performance) climbed 10% to €1.298 billion. Operating costs increased 3% to €620 million, demonstrating strong economies of scale. EBITDA excluding treasury rose 19%, and adjusted EPS (cash EPS) was €2.96. Half-year results reaffirmed full-year guidance of ~€5.2 B net revenue and €2.7 B EBITDA (excluding treasury). The €500 million share buyback is underway, with €235.3 M completed by mid-July.
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