Deutsche Boerse AG (XTER:DB1) Total Operating Expense: €1,016 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTER:DB1 Deutsche Boerse AG XTER:DB1
94 GF Score
Price €249.00
GF Value €228.55
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Deutsche Boerse AG Total Operating Expense?

Deutsche Boerse AG XTER:DB1 -1.11% 94 Total Operating Expense is €1,016 Mil as of Mar. 2026. GuruFocus rates XTER:DB1 with a GF Score™ of 94/100 and a GF Value™ of €228.55 (Fairly Valued). The stock has 5 warning signs investors should review.

Deutsche Boerse AG's Total Operating Expense for the three months ended in Mar. 2026 was €313 Mil. Deutsche Boerse AG's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €1,016 Mil.

Deutsche Boerse AG Total Operating Expense Related Terms

Deutsche Boerse AG Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Deutsche Boerse AG's Total Operating Expense 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.

Deutsche Boerse AG Total Operating Expense Chart

Deutsche Boerse AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 587.70 835.90 1,069.50 1,244.00 1,226.00

Deutsche Boerse AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 291.00 53.70 309.00 340.00 313.00
XTER:DB1
94GF Score
Deutsche Boerse AG XTER:DB1
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deutsche Boerse AG Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense 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 €1,016 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.

What does a Total Operating Expense of €1,016 Mil mean?
Deutsche Boerse AG (XTER:DB1) has a Total Operating Expense of €1,016 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Deutsche Boerse AG and its competitors.
Is Deutsche Boerse AG's Total Operating Expense too high?
Deutsche Boerse AG's current Total Operating Expense is €1,016 Mil. Overall, Deutsche Boerse AG has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Boerse AG's Total Operating Expense compare to SPGI and CME?
Deutsche Boerse AG's Total Operating Expense of €1,016 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Capital Markets company?
A good Total Operating Expense depends on the Capital Markets industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Deutsche Boerse AG and its competitors. Deutsche Boerse AG's current Total Operating Expense is €1,016 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Boerse AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Boerse AG (XTER:DB1) is currently considered Fairly Valued. The stock's GF Value™ is €228.55, compared to a current price of €249.00 — trading 8.9% above its estimated fair value. The current Total Operating Expense is €1,016 Mil. Deutsche Boerse AG's overall GF Score™ is 94/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Deutsche Boerse AG (XTER:DB1), the current Total Operating Expense is €1,016 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 Deutsche Boerse AG (XTER:DB1) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche Boerse AG stock appears to be overvalued. The current stock price of €249.00 is trading 8.9% above its estimated GF Value™ of €228.55. GuruFocus considers Deutsche Boerse AG to be Fairly Valued.

Key valuation signals for XTER:DB1:

  • Total Operating Expense: €1,016 Mil
  • GF Value™: €228.55 vs. price of €249.00 (8.9% above fair value)
  • GF Score™: 94/100 with 5 warning signs

No single metric tells the full story. See the XTER:DB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Deutsche Boerse AG Business Description

Address Mergenthalerallee 61, The Cube, Eschborn, Frankfurt, HE, DEU, 65760
Deutsche Börse is a financial exchange company headquartered in Frankfurt, Germany. The company primarily generates revenue through its Eurex and Clearstream segments. Eurex allows for the trading and clearing of derivatives. Clearstream offers custody and settlement services for domestic and international securities, as well as collateral management services. Other segments are Xetra, which generates revenue through trading and clearing cash equities, STOXX (an index business), and several others.
94GF Score

Get the complete analysis for XTER:DB1

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

€249.00
Price
€228.55
GF Value