The asset manager DWS, majority-owned by Deutsche Bank, closed the first nine months of 2026 with a net profit of 731 million euros, which represents an increase of 16% compared with the same period of the previous fiscal year, according to the firm itself.
Between January and September, net income amounted to 2.253 billion euros, 6% more. Within this item, management fee income totaled 2.127 billion euros, which implies an increase of 11%, while performance and transactional fees fell 13%, to 126 million euros.
Personnel expenses, including remuneration and other benefits, reached 700 million euros, 3% more, while general and administrative costs increased 1%, to stand at 671 million.
As of September 30, DWS managed 1.22 trillion euros in assets under management, 16% more year on year. Considering only long-term assets, these stood at 1.064 trillion euros. The quarter’s long-term net inflows totaled 16.6 billion euros, raising the year-to-date total to 34.8 billion in the first three quarters.
In the third quarter alone, the company recorded a profit of 230 million euros, with revenues reaching 784 million euros.