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YouGov (YOU) investor relations material
YouGov H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY26 revenue was £396.6m, up 2% reported and underlying, marking the 16th consecutive year of revenue growth; all three divisions delivered low-single-digit headline growth.
Cost discipline, product innovation and Value Delivery Plan execution advanced amid a challenging market; a CEO transition, debt-facility extension and buyback were also announced.
AI is a source of client demand, operating efficiency and new products, while human panel data remains central to the offering.
Financial highlights
Adjusted operating profit was £54.3m, down 11%; statutory operating profit was £21.2m, down 32%.
Adjusted EPS was 30.2p, down 11% reported and 9% underlying; H2 adjusted operating profit was marginally higher YoY, with the EPS decline attributed to H1.
Adjusted operating margin was 14%, versus 16% in FY25; margin was stable excluding Shopper investment.
Separately reported items were £33.1m versus £29.3m in FY25, including impairment of £17.2m versus £0.4m; amortisation was £10.1m versus £15.8m.
Cash restructuring items fell to £5m from £13m.
Outlook and guidance
FY27 adjusted operating profit guidance is £58m–£61m, representing stated YoY growth of 7%–12%; 49% of expected revenue was contractually secured at the start of the year, marginally above last year.
FY27 is expected to be the 17th consecutive year of revenue growth; the year started encouragingly, with the order book at a record level for this point in the year and several percentage points above last year.
The first two Value Delivery Plan waves target a 350 bps annualized adjusted operating margin uplift from the H1 FY26 12.3% baseline, with high confidence of delivery before FY27 ends.
Shopper investment is expected to remain broadly at FY26 levels; revenue benefits are expected toward FY27 year-end, with marginal segment growth anticipated.
Cash restructuring costs are expected to remain material as the Value Delivery Plan continues; customer-list amortization is expected to be £10m in FY27.
- Performance in line with guidance, new AI products, leadership change, and share buyback planned.YOU
Q4 2026 TU - Revenue up 2%, profit mixed as investments and AI reshape operations; share buyback planned.YOU
H1 2026 - Low single-digit revenue growth and ongoing AI investments support a modest full-year outlook.YOU
Q2 2026 TU - Revenue up 16% to £389m, profit at £60.7m, with AI and innovation driving future growth.YOU
H2 2025 - FY25 performance meets expectations, with growth in Data Products and strong cost savings.YOU
Trading Update - FY24 results beat revised guidance; cost savings and AI innovation drive FY25 growth.YOU
Trading Update - Revenue up 30% to £335.3m; acquisitions and cost savings to boost FY25 margins.YOU
H2 2024 - FY24 guidance cut as sales lag, with renewed focus on growth and cost control for FY25.YOU
Trading Update - Record revenue from CPS acquisition, margin recovery, and cost savings drive future growth.YOU
H1 2025
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