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Amadeus IT Group (AMS) investor relations material
Amadeus IT Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Revenue grew 6.4% to €4,895 million (8% at constant currency) with strong Q3 momentum and margin expansion, driven by new customer wins across airline, hospitality, and travel seller segments.
Significant R&D investment exceeded €1 billion, focused on AI, cloud transformation, and new platform capabilities, supported by partnerships with Microsoft and Google.
AI-driven innovation and multi-cloud operations accelerated, with major product launches and customer wins in Air IT, Hospitality, and Payments.
Expanded customer base with new contracts, including The Ascott Limited, Marriott International, and Accor implementations.
Appointment of Rongrong (Vvivi) Hu as Global Head and SVP of Corporate Strategy, effective January 2026.
Financial highlights
Revenue for the first nine months reached €4,895 million, up 6.4% (8% at constant currency); Q3 revenue was €1,635.3 million, up 5.6% (8.6% at constant currency).
Operating income was €1,420 million (+8%); adjusted EBIT €1,471 million (+8% reported, +9% constant currency).
Adjusted profit rose 8.2% to €1,109 million; diluted EPS up 11%.
Free cash flow was €955 million, 2% below prior year, with capital expenditure up 15.3% to €606.6 million.
Net financial debt stood at €2,219.9 million (0.9x EBITDA); €1.3 billion share repurchase program ongoing.
Outlook and guidance
Confident in delivering full-year 2025 results within guidance, with revenue at the lower end and EBITDA/adjusted EBIT growing faster than revenue.
2025 outlook: revenue €6.60–€6.84 billion (7.4%–11.4% growth), EBITDA €2.46–€2.58 billion, FCF €1.25–€1.33 billion.
Expect continued acceleration in hospitality and other solutions in Q4, with fixed cost growth moderating.
Midterm guidance of 9%-12.5% CAGR reaffirmed; more details in February.
Agentic AI's impact on distribution market structure?
Nevio customer acquisition pace and outlook?
Marriott/Ascott revenue contribution timeline?
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Next Amadeus IT Group earnings date
Q4 202527 Feb, 2026
Next Amadeus IT Group earnings date
Q4 202527 Feb, 2026
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Frequently asked questions
Amadeus IT Group SA, provides technology solutions to the travel and tourism industry worldwide. It facilitates the distribution of travel products and provision of technology solutions for travel providers and travel agencies. The company offers Amadeus system, an advanced temporary booking facility solution; Amadeus Selling Platform that offers functions for searching and booking flights, calculating tickets, managing reservations and issuing tickets; and Amadeus e-Retail Travel Agencies, which provides end-to-end retailing functionalities.
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