Deutsche Bank AG (DB) | Financial Analysis & Statements
Deutsche Bank AG Large-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
7.7B
Net Income
1.6B
20.41%
EPS (Diluted)
$0.67
Balance Sheet Metrics
Total Assets
1.4T
Total Liabilities
1.4T
Shareholders Equity
80.2B
Debt to Equity
16.89
Cash Flow Metrics
Operating Cash Flow
-5.7B
Free Cash Flow
-12.6B
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Deutsche Bank AG Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 32.1B | 35.7B | 28.9B | 26.7B | 25.3B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 18.2B | 21.9B | 18.0B | 17.0B | 17.6B |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 18.2B | 21.9B | 18.0B | 17.0B | 17.6B |
| Operating Income | - | - | - | - | - |
| Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 9.7B | 6.3B | 5.7B | 5.6B | 3.4B |
| Income Tax | 2.6B | 2.1B | 787.0M | -64.0M | 880.0M |
| Effective Tax Rate % | 26.6% | 33.8% | 13.9% | -1.1% | 26.0% |
| Net Income | 7.1B | 4.2B | 4.9B | 5.7B | 2.5B |
| Net Margin % | 22.2% | 11.7% | 16.9% | 21.2% | 9.9% |
| Key Metrics | |||||
| EBITDA | - | - | - | - | - |
| EPS (Basic) | $3.21 | $1.40 | $2.07 | $2.42 | $0.96 |
| EPS (Diluted) | $3.21 | $1.37 | $2.03 | $2.37 | $0.93 |
| Basic Shares Outstanding | 1909178977 | 2371606496 | 1892955127 | 2011918138 | 2023112080 |
| Diluted Shares Outstanding | 1909178977 | 2371606496 | 1892955127 | 2011918138 | 2023112080 |
Income Statement Trend
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Deutsche Bank AG Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 171.6B | 182.8B | 184.6B | 186.1B | 199.4B |
| Short-term Investments | 38.1B | 40.7B | 28.9B | 25.4B | 23.4B |
| Accounts Receivable | 110.0B | 77.6B | 76.7B | 74.8B | 73.6B |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | - | - | - | - | - |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 7.5B | 8.8B | 6.9B | 6.7B | 6.0B |
| Goodwill | 10.3B | 12.7B | 10.2B | 10.0B | 9.6B |
| Intangible Assets | 4.8B | 5.7B | 4.5B | 4.2B | 4.0B |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - |
| Total Non-Current Assets | - | - | - | - | - |
| Total Assets | 1.4T | 1.7T | - | - | - |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 112.2B | 81.9B | 86.3B | 85.5B | 71.8B |
| Short-term Debt | 18.2B | 11.8B | 9.6B | 5.1B | 4.0B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | |||||
| Long-term Debt | 146.2B | 168.4B | 134.6B | 141.3B | 152.2B |
| Deferred Tax Liabilities | 623.0M | 701.9M | 546.0M | 650.0M | 501.0M |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 1.4T | 1.6T | - | - | - |
| Equity | |||||
| Common Stock | 4.9B | 6.1B | 5.2B | 5.3B | 5.3B |
| Retained Earnings | 28.1B | 27.8B | 21.3B | 17.8B | 12.6B |
| Treasury Stock | 185.0M | 848.2M | 481.0M | 331.0M | 6.0M |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 80.2B | 94.5B | 74.8B | 72.3B | 68.0B |
| Key Metrics | |||||
| Total Debt | 164.5B | 180.2B | 144.2B | 146.4B | 156.2B |
| Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
Deutsche Bank AG Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 7.1B | 4.2B | 4.9B | 5.7B | 2.5B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | 25.7B | -7.6B | -4.0B | 12.7B | 41.1B |
| Operating Cash Flow | 33.6B | -2.9B | 586.0M | 17.4B | 43.9B |
| Investing Activities | |||||
| Capital Expenditures | -425.0M | -604.3M | -389.0M | -315.0M | -436.0M |
| Acquisitions | 0 | 3.6M | -361.0M | 439.0M | -5.0M |
| Investment Purchases | -62.7B | -63.1B | -43.6B | -59.9B | -54.1B |
| Investment Sales | 38.3B | 57.3B | 43.1B | 43.6B | 79.1B |
| Investing Cash Flow | -26.3B | -8.1B | -2.6B | -17.2B | 23.6B |
| Financing Activities | |||||
| Share Repurchases | -1.6B | -1.3B | -1.1B | -695.0M | -850.0M |
| Dividends Paid | -1.3B | -1.1B | -610.0M | -406.0M | 0 |
| Debt Issuance | 54.0M | 23.8M | 1.4B | 2.7B | 1.1B |
| Debt Repayment | -3.2B | -838.7M | -2.0B | -697.0M | -721.0M |
| Financing Cash Flow | -6.8B | -768.5M | -2.4B | 1.1B | 2.0B |
| Free Cash Flow | 46.6B | -34.6B | 5.2B | -2.4B | -3.5B |
| Net Change in Cash | 475.0M | -11.7B | -4.3B | 1.3B | 69.5B |
Cash Flow Trend
Deutsche Bank AG Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
8.65
Forward P/E
5.82
Price to Book
0.63
Price to Sales
2.03
PEG Ratio
5.82
Profitability Ratios
Profit Margin
22.22%
Operating Margin
23.25%
Return on Equity
8.30%
Return on Assets
0.48%
Financial Health
Debt to Equity
7.00
Beta
1.03
Per Share Data
EPS (TTM)
$3.63
Book Value per Share
$49.99
Revenue per Share
$15.21
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| DB | 61.1B | 8.65 | 0.63 | 8.30% | 22.22% | 7.00 |
| U.S. Bancorp | 88.1B | 11.92 | 1.51 | 12.35% | 29.29% | 1.21 |
| PNC Financial | 70.3B | 12.56 | 1.39 | 11.33% | 28.75% | 1.12 |
| Nu Holdings | 70.3B | 25.60 | 6.39 | 30.28% | 41.04% | 0.47 |
| Truist Financial | 64.0B | 12.61 | 1.07 | 8.58% | 29.62% | 1.06 |
| NatWest Group plc | 62.5B | 8.77 | 1.24 | 14.23% | 36.51% | 4.93 |
Financial data is updated regularly. All figures are in the company's reporting currency.





