)
Visma (VISMA) investor relations material
Visma Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record growth in FY2025, surpassing 2.4 million customers, with a 22.0% year-over-year increase in customer base and strong expansion in both the Nordics and Continental Europe.
Annualised Repeatable Revenue (ARR) reached €2,794 million, up 19.4% year-over-year, driven primarily by new customer acquisition and supported by 28 acquisitions, including entry into Brazil.
Adjusted EBITDA rose to €975 million, an 18.5% increase year-over-year, reflecting operating leverage and efficiency gains from AI initiatives.
Strategic focus sharpened through divestment of Admincontrol and spin-out of Norvato, enabling concentration on core SaaS offerings.
AI transformation accelerated, with over 250 AI initiatives live, delivering significant productivity and product enhancements.
Financial highlights
Operating revenue for FY2025 was €3,168 million, up 13.0% year-over-year; total revenue and income, including the gain on sale of Admincontrol, was €3,552 million.
Adjusted EBITDA reached €1,024 million, up 13.2%, with €975 million attributable to continuing operations (excluding disposed entities).
Free cash flow increased to €1,002 million, a 13.2% rise from the previous year.
Net gain on sale of Admincontrol contributed €384 million to other income.
Profit before tax surged 260.6% to €666 million, largely due to the Admincontrol sale.
Adjusted net income was €506 million, with limited growth due to lower tax expense in the prior year.
Outlook and guidance
Entering 2026 with strong momentum, continued focus on organic growth, M&A, and AI-driven innovation.
Anticipates robust demand for mission-critical software amid ongoing regulatory complexity and digitalisation trends.
Active M&A agenda to persist, targeting untapped regions and strategic market expansion.
Disinflation and potential interest rate reductions expected to support business investment and confidence.
Next Visma earnings date
Next Visma earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)