v3.25.4
Taxation - Reconciliation of weighted average statutory income tax rate to effective income tax rate (Details) - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of average effective tax rate and applicable tax rate [abstract]      
Result before taxation € 11,791 € 7,772 € 6,037
Weighted average statutory tax rate 25.00% 24.00% 22.70%
Weighted average statutory tax amount € 2,949 € 1,864 € 1,371
Participation exemption (69) (87) (43)
Other income not subject to tax (123) (64) (68)
Expenses not deductible for tax purposes 476 424 398
Current tax from previously unrecognised amounts 0 (1) 1
State and local taxes 56 77 99
Adjustments to prior periods (92) (34) (72)
Impact on deferred tax from change in tax rates (6) (1) 2
Deferred tax benefit from previously unrecognised amounts 0 (1) (30)
Write-off/reversal of deferred tax assets 1 4 4
Effective tax amount € 3,192 € 2,181 € 1,662
Effective tax rate 27.10% 28.10% 27.50%