Visma (VISMA) Q3 2026 earnings summary

Executive summary

• Strong first three quarters of 2026; on track for another year of solid performance, with momentum building into 2027.

• Customer base reached 2.9m, up 28.1% YoY, as National Business Platforms gained traction with SMBs, particularly in Continental Europe.

Financial highlights

• Period-end ARR was €3,139m, up 16.9% total and 12.9% organically YoY.

• YTD revenue was €2,427m, up 18.3% total and 12.1% organically YoY.

• YTD Adjusted EBITDA was €865m, up 18.2% total and 15.9% organically YoY.

• Adjusted EBITDA growth reflected strong Business segment operating leverage, partly offset by €11m of non-recurring Public segment expenses from AI-related R&D repositioning.

Outlook and guidance

• On track to close 2026 with solid performance and build good momentum into 2027.

• M&A forward pipeline described as robust.