Deutsche Post (DHL) Q4 2025 earnings summary

Executive summary

• EBIT rose to €6.1–6.2 billion in 2025, up 3.7–4% year-over-year, with EPS up 8% and strong free cash flow supporting increased dividends and share buybacks.

• Transformation and cost discipline improved resilience, with continued focus on growth, digitalization, and AI integration.

• Strategy 2030 targets GDP+ growth in key verticals and regions, emphasizing diversification and modernization.

• Revenue declined 1.6% to €82.9 billion, mainly due to currency effects and lower US-bound volumes.

• Dividend proposed to increase to €1.90 per share, with a payout ratio of 60.6%.

Financial highlights

• EBIT reached €6.1–6.2 billion (+3.7–7.1% yoy); EPS grew 8.1% to €3.09; net profit attributable to shareholders €3.5 billion (+5.1% yoy).

• Free cash flow (excluding M&A) rose 8.3% to €3.2 billion, exceeding targets.

• Group ROIC improved by 20 basis points to 13.9%.

• Net CapEx near €3 billion; share buybacks totaled €1.4 billion in 2025.

• EBIT margin improved to 7.4% from 7.0% in the prior year.

Outlook and guidance

• 2026 EBIT guidance set at above €6.2 billion; free cash flow expected around €3–3.3 billion; gross CapEx ~€3 billion.

• Midterm outlook unchanged, targeting EBIT above €7 billion and FCF above €3 billion annually.

• Focus remains on executing strategic priorities and efficiency amid ongoing macro and geopolitical volatility.