At a glance
Diebold Nixdorf, Incorporated is worth $1.95B, about 23 times its fiscal 2025 earnings. Revenue grew 1.5% to $3.81B in fiscal 2025, with 2.5% kept as profit; over 5 years it has grown 0.5% a year. It pays no dividend; it spent $152.8M buying back its shares over FY2020–FY2025. The stock returned −0.5% over the past year with dividends reinvested, against +11.5% for the S&P 500.
The business in plain English
Diebold Nixdorf builds and services the machines that banks and stores use to handle cash and checkouts. It serves two customer groups, Banking and Retail, with about 20,000 employees in more than 100 countries. For banks, it supplies ATMs, cash recyclers (machines that pay out cash other customers deposited), teller automation and DN Vynamic software. It says nearly two-thirds of the world's top 100 financial institutions use its solutions. For retailers, it supplies checkout systems, self-checkouts, kiosks and software. That includes Vynamic Smart Vision, an AI tool meant to cut theft and other checkout losses. Clients include 21 of the top 25 European retailers.
Services bring in more money than machines. In fiscal 2025, services such as installation, maintenance and managed services, including running a bank's whole ATM fleet, brought in $2.17 billion. That was 57% of $3.81 billion in revenue. Product sales made up the other 43%. Contracted maintenance can bring repeat revenue that is steadier than one-off machine sales.
Most fiscal 2025 revenue came from outside the U.S. Europe, the Middle East and Africa excluding Germany supplied about 35%, the U.S. 24%, Germany 19%, other parts of the Americas 15% and Asia-Pacific 8%. The main factories are in North Canton, Ohio; Manaus, Brazil; and Paderborn, Germany.
Price history
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DBD -0.5% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Services | $2.17B | 57% |
| Products | $1.64B | 43% |
By geography
| Other EMEA | $1.33B | 34.9% |
| U.S. Plans | $902.3M | 23.7% |
| Germany | $724.4M | 19% |
| Other Americas | $558.3M | 14.7% |
| APAC | $293.6M | 7.7% |
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $994.3M, up 5.2% from a year earlier, and net income was $6.6M (-83.9%).
- For fiscal 2025, revenue was $3.81B (+1.5% year over year; -0.5% a year from FY2020 to FY2025) with a 2.5% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | -0.5% weak |
|---|---|
| Operating margin | 6.4% watch |
| Return on equity (FY2025) | 8.6% watch |
| Return on assets (FY2025) | 2.5% weak |
| Net cash (cash minus debt) | $-764.4M weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2019 | $4.41B | $-341.3M | — |
| FY2020 | $3.90B | $-269.1M | — |
| FY2021 | $3.91B | $-78.8M | — |
| FY2022 | $3.46B | $-581.4M | — |
| FY2024 | $3.75B | $-16.5M | — |
| FY2025 | $3.81B | $94.6M | — |
Valuation snapshot
| Market value | $1.95B |
|---|---|
| P/E ratio | 22.9 |
| Dividend yield | None |
Rank among 1514 US companies
Market value at each year end
Diebold Nixdorf, Incorporated’s market value went from $1.09B at the end of 2023 to $1.95B on Oct 28, 2026, up 79%; since the end of 2025 it is down 20%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $1.95B | -19.9% |
| 2025 | $2.44B | +50.6% |
| 2024 | $1.62B | +48.7% |
| 2023 | $1.09B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| DBD price data to Oct 28, 2026 | -14.5% | -0.5% | +46.7% | — | — |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -14.5% |
| 2025 | +57.7% |
| 2024 | +48.7% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 5 open-market purchases ($300K) and 11 sales ($92.6M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Apr 8, 2026 | Millstreet Capital Management LLC 10% owner | sell | $33.0M |
| Jun 24, 2026 | Millstreet Capital Management LLC 10% owner | sell | $19.2M |
| Jun 12, 2026 | Millstreet Capital Management LLC 10% owner | sell | $13.1M |
| Jun 26, 2026 | Millstreet Capital Management LLC 10% owner | sell | $8.5M |
| Jun 8, 2026 | Millstreet Capital Management LLC 10% owner | sell | $7.3M |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 13% | Apr 30, 2026 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 4.1% | Mar 31, 2026 |
ETFs with the most weight in DBD
| EBIT Harbor AlphaEdge Small Cap Earners ETF | 0.68% |
| ROSC Hartford Multifactor Small Cap ETF | 0.33% |
| QSML WisdomTree U.S. SmallCap Quality Growth Fund | 0.24% |
| ISMD Inspire Small/Mid Cap ETF | 0.2% |
| TPSC Timothy Plan US Small Cap Core ETF | 0.15% |
| VFMF Vanguard U.S. Multifactor ETF | 0.13% |
| DFSV Dimensional US Small Cap Value ETF | 0.11% |
| BUYO KraneShares Man Buyout Beta Index ETF | 0.1% |
What could go wrong
- Less cash use could shrink ATM demand. As people pay more with cards, phones and other non-cash options, banks may need fewer ATMs. That could cut demand for the company's ATMs, cash recyclers and the service contracts tied to them.
- Heavy debt and loan restrictions. Total debt was $949.3 million against $184.9 million of cash as of September 30, 2026. Interest costs and covenants, which are limits set by lenders, can restrict how the company operates and spends.
- New products may not pay off. The company invests heavily in new machines such as the DN300 cash dispenser and software such as Vynamic Smart Vision. Launches could slip, customer certification could take longer, or margins may not cover development costs.
- Cost-cutting plans may fall short. The company counts on waste-cutting Lean methods, restructuring and a companywide overhaul to lift profits. Savings may come late, be smaller than planned or not last. Operating profit was 6.4% of 2025 revenue.
- Trade policy and overseas exposure. Most fiscal 2025 revenue came from outside the U.S., including 19% from Germany, and its factories are in Ohio, Brazil and Germany. New tariffs, trade rules or sanctions could raise costs or restrict sales.
- Big shareholders' interests may differ. Insiders sold about $92.6 million of stock in the year to October 29, 2026. Most of the largest sales came from 10% owner Millstreet Capital Management. Large holders' goals can conflict with other shareholders'.
Recent events
- Quarterly results released
- Quarterly results released
- Shareholder vote results
- Quarterly results released
- Executive or board change
- Quarterly results released
- Quarterly results released
For income and retirement investors
Diebold Nixdorf pays no dividend. It paid none from fiscal 2020 through 2025, so there is no record of dividend increases or of the share of profits paid out. An income investor could raise cash only by cashing in shares, which ties that income to the share price. The company has returned cash through buybacks instead. It spent $130.7 million in 2025, most of the $152.8 million spent from fiscal 2020 to 2025. Its annual report warns that future buybacks or dividends cannot be assured.
The share price history covers only about 3.2 years to October 28, 2026. So it does not show how the stock held up in the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Over that shorter span, the stock gained 48.7% in 2024 and 57.7% in 2025. It then lost 36% in the three months to October 28, 2026. A single stock carries more risk than a diversified fund.
Questions investors ask
How does Diebold Nixdorf make money?
Mostly from services, not machines. In fiscal 2025, services such as installation, maintenance and managed ATM fleets brought in $2.17 billion. That was 57% of $3.81 billion in revenue. The other 43% came from products, including ATMs, cash recyclers, self-checkouts and point-of-sale (checkout) systems. It serves two customer groups, banks and retailers. Most of its revenue came from outside the U.S., with Germany alone about 19%.
Does Diebold Nixdorf pay a dividend?
No. Diebold Nixdorf paid no dividends from fiscal 2020 through 2025, so it gives shareholders no regular income. It has returned cash through share buybacks instead. It spent $130.7 million in 2025 and $152.8 million over fiscal 2020 to 2025. Buybacks reduce the share count, which can lift earnings per share, but they pay holders nothing directly. The company's annual report says future buybacks or dividends cannot be assured.
Is Diebold Nixdorf profitable?
Yes, in fiscal 2025, after years of losses. It earned $94.6 million, or $2.54 per diluted share, on $3.81 billion of revenue. That followed net losses in 2019, 2020, 2021, 2022 and 2024. Margins were thin: net profit was 2.5% of 2025 revenue. In the quarter ended September 30, 2026, net income fell 83.9% from a year earlier to $6.6 million, even as revenue rose 5.2%. As of October 28, 2026, the share price was 22.9 times 2025 earnings.
How much debt does Diebold Nixdorf have?
About $949.3 million as of September 30, 2026, against $184.9 million in cash and investments. That leaves net debt (debt minus cash) of about $764.4 million. Shareholders' equity (assets minus liabilities) was $936.2 million. The company's stock market value was about $1.95 billion as of October 28, 2026. The annual report warns that this debt, and the limits lenders attach to it, could restrict how the company operates.
How has Diebold Nixdorf stock performed?
Strongly over three years, but with sharp swings. As of October 28, 2026, the stock returned 216% over three years, about 46.7% a year. That included gains of 48.7% in 2024 and 57.7% in 2025. It was down 14.5% for 2026 through that date and roughly flat over one year, at -0.5%. It fell 36% in the three months to that date. Its one-year beta of 1.09 means it moved slightly more than the overall market.