The dual active bridge (DAB) converter is one of the widely explored topologies in recent years due to its remarkable features, such as inherent soft-switching characteristics, galvanic isolation, and high power density. However, the conducted electromagnetic interference (EMI) analysis of the DAB converter is seldom reported. In this article, the common-mode (CM) and the differential-mode (DM) equivalent circuits of the isolated DAB converter are presented to understand the propagation mechanisms of the conducted EMI noise in the converter. In particular, the mixed-mode DM (MMDM) noise component of the DM noise is quantified for the DAB converter. Furthermore, an experimental measurement method based on an external impedance-matched circuit is proposed to quantify the DM current due to capacitive coupling between the primary and secondary windings of the transformer. The quantified MMDM noise and the DM noise through the transformer are estimated using the proposed equivalent circuits in MATLAB-Simulink and validated experimentally on a prototype DAB converter. © 2022 IEEE.