Ipsos (IPS) Q3 2026 earnings summary

Executive summary

• Q3 organic growth accelerated to 2.0% from 0.8% in H1; EMEA, China and Citizens were among the drivers.

• Acceleration of the six-pillar Horizons strategy is a priority, spanning multi-specialist services, local reach, speed, AI, access to real people and value-added partnerships.

Financial highlights

• Q3 revenue was €636.2m, with total growth of 0.0% and organic growth of 2.0%; Q3 order-book organic growth was 2.0%.

• 9M revenue was €1,806.3m, up 0.9% in total and 1.2% organically; scope added 1.6%, partly reflecting The BVA Family acquisition and Russia deconsolidation, while currency effects were -1.9%.

• September order-book organic growth for revenue expected in 2026 was 1.2%.

Outlook and guidance

• FY 2026 organic growth guidance is 1.2%–1.5%, based on 9M performance and the end-September order book, amid uncertain macroeconomic and geopolitical conditions.

• Operating margin rate objective remains in line with 2025, with financial discipline alongside investment in Horizons execution.

• Ipsos Facto 2.0 first-phase rollout to select Ipsos.Digital power users is planned for late 2026, with acceleration in Q1 2027.