In Q2 2026, DHL Group revenue increased by more than 10% in a year-over-year comparison, following a growth of 2% in Q1, 2026. EBIT reached around €1,850 million (prior year: €1,429 million), corresponding to a year-over-year increase of around 29%. Compared to the previous year’s results and despite ongoing geopolitical uncertainties, the figures now presented by management show a clear upward trend. Consequently, the Deutsche Post logistics arm has adjusted the earnings outlook for the full year 2026.
DHL’s supply chains keep running, despite blocked sea routes and narrowed airspace availability. This is illustrated by the Group’s business development in the second quarter which shows continued growth in demand and, consequently, positive earnings momentum, particularly in the DHL Express division. Compared with Q2, 2025, which had been impacted by political and structural upheavals caused by the Trump administration’s customs policy, the Group records a return to significant revenue growth. In addition, the reduced cost base resulting from the DHL Group’s “Fit for Growth measures continued to have a positive effect across all DHL divisions, leading to Q2 earnings rising more strongly than market expectation. The 2024-launched program is part of the 2030 strategy, by which the company aims to become leaner and more efficient overall, structurally improving its cost base across all divisions by more than €1 billion.
All business units are reporting growth, except for Mail
Compared to the other business units, DHL Express’s quarterly figures really stand out. The division reports EBIT of EUR 1,195 in Q2, 2026, versus EUR 730 million in Q2, 2025. This result is further supported by around EUR 150 million driven by capacity constraints in the global air freight market.
DHL Global Forwarding generated EBIT of around EUR 240 million, including an estimated positive effect of low-to-mid double-digit million from successfully managing market disruptions (prior year: EUR 196 million).
DHL Supply Chain reports earnings of EUR 305 million. The prior-year result of EUR 348 million included positive non-recurring effects of EUR 54 million.
DHL eCommerce generated EBIT of around EUR 50 million, slightly below the prior-year level (EUR 56 million). In the Q2 EBIT, a non-recurring positive effect of around EUR 20 million related to M&A in Iberia was offset by other negative non-recurring items.
Post & Parcel Germany achieved EBIT of around EUR 135 million (prior year: EUR 166 million). This figure confirms a long-standing trend that once again demonstrates the continuing decline in traditional mail due to the rise of electronic communication.
Management raises outlook
In light of the recent earnings momentum and assuming no further worsening of the geopolitical situation, management has decided to raise its outlook for the full year 2026 as follows: Reported Group EBIT is now expected to exceed EUR 6.5 billion (previously: above EUR 6.2 billion). Expected EBIT for the DHL divisions has been increased to more than EUR 5.9 billion (previously: above EUR 5.6 billion).
CFO Melanie Kreis commented: “In the second quarter, trade conflicts and geopolitical tensions affected global economic dynamics. We anticipate continued volatility in the global economy in the second half of the year. Our focus on efficiency improvements and growth markets is paying off in this situation.”
The full Q2 2026 report will be published as scheduled on August 5, 2026.
One step closer to decarbonizing operations
On Thursday (16JUL26), DHL and Statkraft have signed a long-term power purchase agreement (PPA) for renewable electricity from an onshore wind farm in northern Germany. Under the ten-year agreement, Statkraft will supply around 35 GWh annually of renewable electricity, covering roughly 8% of DHL Group’s current electricity demand in Germany. The electricity is generated by a newly constructed onshore wind park in the State of Schleswig-Holstein, northern Germany, which has an installed capacity of 13.2 MW.
By partnering with DHL Group, Statkraft is expanding its renewable energy solutions into the logistics sector. The agreement strengthens the Norwegian energy group’s position as a leading provider of tailored PPA models. Patrick Koch, Head of German Origination at Statkraft stated on the occasion of the signing of the accord: “Our PPA model combines several advantages: long-term price security, access to renewable electricity from new wind turbines, and a tailor-made solution adapted to DHL Group’s specific preferences.”
Anna Spinelli, Chief Procurement Officer and Head of Mobility at DHL Group noteds: “By adding our first onshore wind PPA, we are strengthening the resilience of our energy supply and directly supporting new, renewable capacity in Germany. Together with our offshore PPAs, this takes us another major step closer to decarbonizing our operations.”
