

Latest price: 47.07.
2020–2022 saw pandemic-driven e-commerce and air-freight volumes lift revenues and profits, peaking in 2022 with group revenue around €94.4bn and EBIT near €8.4bn before normalizing in 2023.
The 2022 Russia–Ukraine war forced selective network suspensions and rerouting, adding material costs that tightened margins and created operational volatility across the group.
In May 2023, Tobias Meyer became Group CEO. The company formally adopted the DHL Group name on July 1, 2023, launching a multi-year decarbonization and productivity push through 2024–2026. By early 2026, management was flagging tariff and operational headwinds while lifting the dividend and maintaining its 2026 EBIT guidance.
The market initially treated the stock as a pandemic beneficiary and near-defensive compounder riding structural e-commerce growth.
The 2022 geopolitical shock and earnings normalization reframed the story around risk and execution—network resilience, rerouting costs, and margin pressure.
Following the 2023 leadership transition and rebrand, the narrative shifted to resilience and transformation, emphasizing pricing discipline, productivity, and sustainability. By 2025–2026, the debate centered on valuation against a renewed rally and higher shareholder distributions.
2020–2021 showed sustained uptrend momentum tied to volume and earnings tailwinds as parcel and express demand surged.
2022 delivered an unusually sharp drawdown and volatility alongside the Ukraine war and volume normalization—the period's major breakdown and risk phase.
From 2023 into 2026, the chart stabilized following the CEO transition and rebrand, then rallied meaningfully (roughly 44% over one year into early 2026) with renewed momentum supported by dividend increases and improved guidance signals.
If a dated price or level overlay on these phases is needed—support, resistance, and drawdown percentages anchored to 47.07—provide permission and your preferred chart timeframe and format.
Deutsche Post DHL operates in a competitive landscape dominated by integrated carriers like UPS and FedEx, alongside specialist logistics operators and e-commerce players such as Kuehne + Nagel and Amazon Logistics. Revenue and margins are inherently cyclical, tied closely to global trade flows and e-commerce demand—macro sensitivity that's hard to escape in this business. The company's operational scale and sprawling network are genuine strengths, but they also create exposure to cost pressures and the friction of cross-border regulation, both of which can work against margins when conditions tighten.
Deutsche Post / DHL operates in a landscape where global integrators like UPS and FedEx compete directly, while specialized players—Kuehne+Nagel, DSV, and others in contract logistics—chip away at margins. Shipping lines and e-commerce platforms are building their own logistics capabilities, which adds another layer of pressure on pricing and profitability. The company carries exposure to fuel costs, air-freight volatility, labor and regulatory friction in its postal business, and the natural cyclicality of e-commerce demand.
| Company | Ticker |
|---|---|
| United Parcel Service | UPS.NYSE |
| FedEx Corp. | FDX.NYSE |
| Kuehne + Nagel International AG | KNIN.SWX |
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Start Free Trial| Period | Deutsche Post AG | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | -1.61% | -1.85% | -5.14% |
| 3M | -1.67% | +0.60% | -9.16% |
| 6M | +14.15% | +8.16% | +2.18% |
| 1Y | +25.73% | +23.90% | +0.55% |
| 3Y | +28.11% | -22.27% | -54.03% |
| 5Y | +13.72% | -44.83% | -75.61% |
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Start Free TrialHow the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 15.0 | 0.6 | 2.3 | 5.9 |
| 1Y ago | 13.5 | 0.5 | 1.9 | 5.2 |
| 3Y ago | 10.5 | 0.6 | 2.2 | 4.7 |
| 5Y ago | 16.7 | 0.9 | 3.9 | 6.9 |
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 1.90 EUR | 4.11% | 3.7% |
| 2025 | 1.85 EUR | 4.85% | |
| 2024 | 1.85 EUR | 4.65% | |
| 2023 | 1.85 EUR | 4.29% | |
| 2022 | 1.80 EUR | 4.62% | |
| 2021 | 1.35 EUR | 2.62% | |
| 2020 | 1.15 EUR | 2.91% | |
| 2019 | 1.15 EUR | 3.98% | |
| 2018 | 1.15 EUR | 3.04% | |
| 2017 | 1.05 EUR | 3.18% | |
| 2016 | 0.85 EUR | 3.15% | |
| 2015 | 0.85 EUR | 2.90% | |
| 2014 | 0.80 EUR | 2.86% | |
| 2013 | 0.70 EUR | 3.48% | |
| 2012 | 0.70 EUR | 4.84% |
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 82.86B | 84.19B | 81.76B | 94.44B | 81.75B |
| Operating income (EBIT) | 4.01B | 3.88B | 4.42B | 6.60B | 6.54B |
| Net income | 3.50B | 3.33B | 3.67B | 5.36B | 5.05B |
| Free cash flow | 5.61B | 5.79B | 5.88B | 7.05B | 6.26B |
| Total assets | 74.25B | 69.88B | 66.83B | 68.28B | 63.59B |
| Equity | 22.23B | 23.79B | 22.48B | 23.24B | 19.04B |
| Net debt | 22.07B | 20.30B | 17.18B | 18.39B | 17.39B |