Visma (VISMA) Q1 2026 earnings summary

Executive summary

• Achieved all-time high ARR of €3 billion at Q1 2026 end, with 13.3% organic year-over-year growth.

• Customer base grew to 2.5 million, up 23.5% year-over-year, with strong momentum in Continental Europe.

• Strategic M&A activity included acquisitions in Brazil and Finland, and a minority investment in France.

• Enhanced AI functionality across all core business platforms, driving automation and customer value.

Financial highlights

• ARR reached €2,976 million, up 19.5% year-over-year (13.3% organic).

• Revenue for Q1 2026 was €794 million, up 18.5% year-over-year (11.6% organic).

• Adjusted EBITDA rose to €270 million, up 20.4% year-over-year (18.8% organic), with a margin of 34.0%.

• SaaS & Cloud revenue accounted for over 91% of group revenue, improving the overall revenue mix.

Outlook and guidance

• Regulatory changes, such as mandatory e-invoicing and digital accounting, are expected to continue driving demand, especially among SMBs.

• Robust M&A pipeline and ongoing investments in AI and digitalization to support future growth.