Hypoport (HYQ) Q3 2026 earnings summary

Executive summary

• Q1–Q3 2026 revenue rose 5% to €479.5m and gross profit increased 5% to €207.0m; EBIT advanced 27% to €30.1m despite declining financing markets.

• All three segments contributed to gross profit growth; net profit attributable to shareholders rose 29% to €19.9m.

• EBIT-to-gross-profit margin improved 2.5 percentage points to 14.5%, reflecting improved operating performance.

Financial highlights

• Q1–Q3 revenue was €479.5m versus €458.7m; gross profit was €207.0m versus €197.3m.

• EBITDA reached €55.6m versus €50.1m, and EBIT was €30.1m versus €23.6m; Q3 EBIT was €10.8m versus €7.6m.

• Net profit attributable to shareholders increased to €19.9m from €15.4m; 9M EPS was €2.98 versus €2.30.

• Operating cash flow increased to €44.4m from €34.4m; cash and cash equivalents were €79.1m at 30 September 2026.

Outlook and guidance

• FY 2026 guidance reiterated: gross profit of at least €280m and EBIT of €40m–€55m; EBIT was €30.1m at end-Q3.

• Q4 seasonality and stronger market-share gains support the outlook, but delivery depends on market conditions and execution; management considers crossing €40m EBIT achievable.

• 2026 segment outlook: Real Estate & Mortgage Platforms expects gross-profit growth and an improved EBIT/gross-profit margin; Financing Platforms expects high-single-digit gross-profit growth and a slight EBIT-margin reduction.

• Insurance Platforms expects gross-profit growth and EBIT just above break-even; through 2029, the EBIT/gross-profit margin is targeted to double versus 2025.

• Europace refinancing volumes are expected to rise significantly in 2027 as 2012 mortgages mature; current quarterly volume is €1bn versus €2bn–€3bn before the interest-rate shift.