Omnicom (OMC) Q3 2026 earnings summary

Executive summary

• Q3 Core Operations revenue was $6,010.7M, up 7.3%, with 7.2% organic growth; adjusted EBITA was $1,096.2M at an 18.2% margin, up 200 bps.

• Reported Q3 revenue rose 59.1% to $6,422.8M, primarily reflecting IPG; reported 2025 comparisons exclude IPG.

• 9M organic growth was 5.8%; adjusted EBITA margin was 17.0%, up 210 bps.

• IPG integration and portfolio optimization were nearing completion, with $900M of 2026 cost synergies on track.

Financial highlights

• Q3 reported operating income was $991.7M and adjusted operating income was $1,010.0M; reported and adjusted operating margins were 15.4% and 15.7%, respectively.

• Q3 reported net income was $656.0M and diluted EPS was $2.38; adjusted net income was $752.2M and adjusted diluted EPS was $2.73, up 22% from $2.24.

• 9M reported net income was $1,646.0M and diluted EPS was $5.77; adjusted net income was $2,067.1M and adjusted diluted EPS was $7.25.

• Q3 adjusted results excluded $40.4M of integration costs, $84.7M of repositioning costs, and a $106.8M net disposition gain.

• Net interest expense rose to $104.2M from $43M, mainly due to debt assumed with IPG and refinancing activity.

Outlook and guidance

• FY 2026 organic Core Operations revenue growth is estimated at ~5%, versus 5.8% for 9M.

• $900M of 2026 cost-reduction synergies remain on track; 75%-85% is expected to reach the bottom line, with further initiatives under development for 2027.

• FY margin improvement is expected at 200-210 bps; Q4 margin expansion is expected to be similar to Q3, subject to project-spend visibility.

• Q4 adjusted tax rate is estimated at ~26% and net interest expense just under $100M; FX is expected to be flat in Q4 and increase FY revenue by 1.0%.

• Q4 revenue from businesses pending disposition is estimated at ~$325M; remaining sales are targeted for year-end or early 2027, depending on closing timing.