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Cost control keeps DHL earnings growing

[ November 6, 2025   //   ]

DHL group said it achieved earnings growth despite ongoing trade conflicts in the third quarter of 2025.

Revenue declined 2.3% to EUR 20.1 billion, driven by currency effects and lower volumes on routes to the US but by combining active capacity management, structural cost improvements, and price adjustments, it increased its operating profit (EBIT) by 7.6% to €1.5 billion. As a result, the Group’s profitability improved: the EBIT margin was 7.3%, up from 6.7% in the third quarter of 2024.

At DHL Express, time-definite international shipments (Time Definite International, TDI) declined as expected. The division offset this development through active capacity management, structural cost improvements, and price adjustments, resulting in gains in operating profit and EBIT margin.

In Global Forwarding, The lack of volume recovery in air freight, declining ocean freight rates, and continued economic weakness in Europe led to a decrease in revenue and earnings at DHL Global Forwarding, Freight in the third quarter.

DHL Supply Chain achieved modest earnings growth and further improved its EBIT margin in the third quarter. Revenue grew, excluding currency effects, by 3.2%.

DHL eCommerce recorded revenue growth compared to the same quarter of the previous year. EBIT for the business unit rose in the third quarter of 2025 from EUR 51 million to EUR 176 million. This includes a positive net one-off effect of EUR 123 million, due to deconsolidation effects from the merger with Evri in the UK.

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