DHL Group posted higher earnings in Q2 2025, even as revenue dipped due to currency pressures and slower trade volumes.
Group revenue fell 3.9% year-on-year to €19.8 billion, down from €20.6 billion in Q2 2024. The drop was largely driven by exchange rate effects and weaker momentum in global trade.
Despite the softer top line, operating profit (EBIT) rose 5.7% to €1.4 billion. The EBIT margin improved to 7.2%, up from 6.5% last year.
Free cash flow, excluding M&A activity, came in strong at €329 million. That’s just below the €360 million recorded in the same quarter last year.
CFO Melanie Kreis said ongoing trade tensions and geopolitical uncertainty are weighing on the global economy. “We anticipate continued volatility in the second half,” she said. “But our focus on efficiency and growth markets is paying off.”
DHL has maintained its full-year guidance for 2025. The company still expects at least €6 billion in EBIT and around €3 billion in free cash flow, excluding mergers and acquisitions.
