DWS Group
Logotype for DWS Group GmbH & Co. KGaA

DWS Group (DWS) investor relations material

DWS Group Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for DWS Group GmbH & Co. KGaA
Q4 2025 earnings summary29 Jan, 2026

Executive summary

  • Exceeded strategic and financial targets for 2025, with EPS up 43% to EUR 4.64 and cost-income ratio well below target.

  • Achieved record revenues, profit before tax, net income, net inflows, and assets under management, supported by disciplined cost management.

  • Launched digital business initiatives, including stablecoin ventures and crypto ETPs, and expanded digital distribution.

  • Proposed ordinary dividend of EUR 3.00 per share for 2025, a 36% increase from the prior year.

  • Set new, more ambitious financial targets through 2028, aiming for continued growth and efficiency.

Financial highlights

  • Revenues rose 14% year-over-year to EUR 3,155 million in 2025, the highest since IPO.

  • Net income reached up to EUR 928 million, up 43% versus 2024.

  • Q4 2025 revenues were EUR 902 million, up 20% quarter-over-quarter and 23% year-over-year.

  • Cost-income ratio improved to 58% for 2025 and 53.9% in Q4.

  • Total assets under management increased 7% year-over-year to EUR 1,085 billion.

Outlook and guidance

  • New targets: EPS growth of 10%-15% per annum until 2028, cost-income ratio below 55% by 2027.

  • Cumulative long-term net flows expected to exceed EUR 160 billion for 2026–2028.

  • Performance and transaction fees targeted at 4%-8% of net revenues per annum.

  • Ordinary dividend payout ratio set at around 65%, with a proposal for an extraordinary dividend in 2027 if excess capital is not deployed.

  • Margin compression expected to be less than one basis point going forward, with optimism on alternatives and active products.

Sustainability of Active Equity inflows?
Growth initiatives impacting 2027 special dividend?
Q4 cost drivers impact on 2026 cost base?
Detail 2026 flat cost drivers beyond volume
How to rebalance flows to higher-margin products
Prioritized M&A areas for excess capital deployment
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next DWS Group earnings date

Logotype for DWS Group GmbH & Co. KGaA
Q1 202629 Apr, 2026
DWS Group
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next DWS Group earnings date

Logotype for DWS Group GmbH & Co. KGaA
Q1 202629 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

DWS Group offers asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Its products include cash funds, equity investments, fixed income securities and installment products, as well as construction finance portfolios with a wide range of property-related asset classes.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage