Omnicom (OMC) Q1 2026 earnings summary

Executive summary

• Completed first full quarter post-Interpublic (IPG) acquisition, driving strong integration, portfolio realignment, and launch of the Omni AI platform, resulting in new client wins and strategic repositioning.

• Revenue reached $6.24 billion in Q1 2026, up 69.2% year-over-year, driven by the IPG merger and organic growth.

• Organic revenue growth was 3.9% year-over-year, with integrated media leading growth.

• Adjusted EBITA/EBITDA margin expanded to 14.8% from 12.4% year-over-year, reflecting cost synergies from the merger.

• Major new business wins included IBM, GSK, John Deere, and others.

Financial highlights

• Core operations revenue for Q1 2026 was $5.62 billion, up 6.7% from the prior year combined basis.

• Adjusted EBITA grew by $180 million year-over-year, reaching $833.5 million for Core Operations.

• Non-GAAP Adjusted EPS was $1.90, up 12% year-over-year.

• Free cash flow for Q1 2026 was $656.9 million, up from $386.5 million in Q1 2025.

• Net income attributable to shareholders was $405.2 million, up $117.5 million year-over-year.

Outlook and guidance

• On track to achieve $900 million in cost reduction synergies in 2026 and $1.5 billion by mid-2028.

• Maintaining guidance for 4% organic growth in core businesses for 2026.

• Double-digit adjusted EPS growth expected for the year, with higher growth in subsequent quarters.

• FX expected to benefit reported revenue by ~1% if rates hold.

• $3.5 billion in share repurchases targeted for 2026 under a $5.0 billion authorization.