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Visma (VISMA) investor relations material
Visma Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Oct, 2025
Executive summary
Achieved record ARR of €2.96 billion at Q3 2025, up 11.4% organically year-over-year, driven by strong performance in the Business segment and strategic expansion into Brazil with the Conta Azul acquisition.
Customer base grew to 2.2 million, a 17.7% year-over-year increase, with particularly strong momentum in Geo Expansion countries.
Revenue for the first three quarters reached €2,333 million, up 12.9% year-over-year, with SaaS and Cloud revenue now over 90% of group revenue.
Financial highlights
ARR increased 14.9% year-over-year to €2,957 million, with 11.4% organic growth.
EBITDA rose 13.3% to €780 million, with a margin of 33.4% and 1.3 percentage point organic margin improvement year-over-year.
Business segment revenue grew 16.0% to €1,714 million; Public segment revenue increased 7.5% to €532 million.
Outlook and guidance
Expects continued growth in both customers and markets served, supported by robust M&A pipeline and ongoing SaaS adoption.
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Frequently asked questions
Visma AS is a multinational technology company that provides a range of software and IT solutions aimed at streamlining business operations for enterprises, small and medium-sized businesses, and public sector organizations. Its product portfolio includes cloud-based applications for accounting, payroll, human resources management, procurement, and enterprise resource planning (ERP). The company also offers consulting and implementation services to support its software solutions. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.
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