Borussia Dortmund GmbH KGaA (XSWX:BVB) Operating Income: CHF4.4 Mil (TTM As of Mar. 2026)


XSWX:BVB Borussia Dortmund GmbH & Co KGaA XSWX:BVB
66 GF Score
Price CHF2.83
GF Value CHF3.29
! 5 Warning Signs
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What is Borussia Dortmund GmbH KGaA Operating Income?

Borussia Dortmund GmbH KGaA XSWX:BVB 66 Operating Income is CHF4.4 Mil as of Mar. 2026. GuruFocus rates XSWX:BVB with a GF Score™ of 66/100 and a GF Value™ of CHF3.29. The stock has 5 warning signs investors should review.

Borussia Dortmund GmbH KGaA's Operating Income for the three months ended in Mar. 2026 was CHF-13.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CHF4.4 Mil.

Warning Sign:

Borussia Dortmund GmbH & Co KGaA had lost money in 50% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Borussia Dortmund GmbH KGaA's Operating Income for the three months ended in Mar. 2026 was CHF-13.1 Mil. Borussia Dortmund GmbH KGaA's Revenue for the three months ended in Mar. 2026 was CHF113.7 Mil. Therefore, Borussia Dortmund GmbH KGaA's Operating Margin % for the quarter that ended in Mar. 2026 was -11.55%.

Borussia Dortmund GmbH KGaA's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Borussia Dortmund GmbH KGaA's annualized ROC % for the quarter that ended in Mar. 2026 was -8.93%. Borussia Dortmund GmbH KGaA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -26.08%.


Borussia Dortmund GmbH KGaA  (XSWX:BVB) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Borussia Dortmund GmbH KGaA's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-52.556 * ( 1 - 10.18% )/( (540.564 + 516.48)/ 2 )
=-47.2057992/528.522
=-8.93 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Borussia Dortmund GmbH KGaA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-48.332/( ( (188.494 + max(-59.455, 0)) + (182.15 + max(-52.287, 0)) )/ 2 )
=-48.332/( ( 188.494 + 182.15 )/ 2 )
=-48.332/185.322
=-26.08 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(79.965 + 9.467 + 14.148) - (94.227 + 0 + 68.808)
=-59.455

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(91.015 + 9.606 + 9.742) - (89.704 + 0 + 72.946)
=-52.287

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Borussia Dortmund GmbH KGaA's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-13.139/113.709
=-11.55 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Borussia Dortmund GmbH KGaA Operating Income Related Terms


Borussia Dortmund GmbH KGaA Operating Income Historical Data

* Premium members only.

The historical data trend for Borussia Dortmund GmbH KGaA's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Borussia Dortmund GmbH KGaA Operating Income Chart

Borussia Dortmund GmbH KGaA Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -78.85 -26.68 13.71 39.35 9.11

Borussia Dortmund GmbH KGaA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.50 -4.85 24.79 -2.40 -13.14
XSWX:BVB
66GF Score
Borussia Dortmund GmbH & Co KGaA XSWX:BVB
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Borussia Dortmund GmbH KGaA Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF4.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of CHF4.4 Mil mean?
Borussia Dortmund GmbH KGaA (XSWX:BVB) has a Operating Income of CHF4.4 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Borussia Dortmund GmbH KGaA and its competitors.
Is Borussia Dortmund GmbH KGaA's Operating Income too high?
Borussia Dortmund GmbH KGaA's current Operating Income is CHF4.4 Mil. Overall, Borussia Dortmund GmbH KGaA has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Borussia Dortmund GmbH KGaA's Operating Income compare to NFLX and DIS?
Borussia Dortmund GmbH KGaA's Operating Income of CHF4.4 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Media - Diversified company?
A good Operating Income depends on the Media - Diversified industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Borussia Dortmund GmbH KGaA and its competitors. Borussia Dortmund GmbH KGaA's current Operating Income is CHF4.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borussia Dortmund GmbH KGaA stock overvalued right now?
Borussia Dortmund GmbH KGaA (XSWX:BVB) has a current Operating Income of CHF4.4 Mil. The stock's GF Value™ is CHF3.29, compared to a current price of CHF2.83 — trading 14.1% below its estimated fair value. The current Operating Income is CHF4.4 Mil. Borussia Dortmund GmbH KGaA's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Borussia Dortmund GmbH KGaA (XSWX:BVB), the current Operating Income is CHF4.4 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Borussia Dortmund GmbH KGaA (XSWX:BVB) Overvalued in 2026?

Based on GuruFocus' analysis, Borussia Dortmund GmbH KGaA stock appears to be undervalued. The current stock price of CHF2.83 is trading 14.1% below its estimated GF Value™ of CHF3.29.

Key valuation signals for XSWX:BVB:

  • Operating Income: CHF4.4 Mil
  • GF Value™: CHF3.29 vs. price of CHF2.83 (14.1% below fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the XSWX:BVB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Borussia Dortmund GmbH KGaA Business Description

Address Rheinlanddamm 207-209, Dortmund, NW, DEU, 44137
Borussia Dortmund GmbH & Co KGaA operates a football club. The company conducts its business through the following segments: Borussia Dortmund GmbH & Co. KGaA operates a football club that includes a professional football squad and leverages revenue potential from player transfers, catering, TV marketing, sponsorship, and ticketing. The BVB Merchandising segment consists of a separate merchandising business. The BVB Event and Catering GmbH segment conducts tours, provides and arranges event staffing services, plans and organizes, caters, and manages events of all types. The Besttravel Dortmund GmbH segment arranges travel by air, rail, and ship. The company earns the majority of its revenues from the Borussia Dortmund GmbH & Co. KGaA segment.
66GF Score

Get the complete analysis for XSWX:BVB

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF2.83
Price
CHF3.29
GF Value