EarningsQ2 2026 Earnings Report
DE:RCF0 Q2 2026 EPS Results
Actual EPS€1.85
Consensus EPS€2.79
Beat/MissMissed by -€0.94
One Year Ago EPS€2.10
DE:RCF0 Q2 2026 Revenue Results
Actual Revenue€4.94B
Expected Revenue€4.78B
Beat/MissBeat by +€155.45M
YoY Revenue Growth+1.94%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeDuring Market Hours
Conference CallThursday, July 30, 2026
DE:RCF0 Upcoming Earnings
Teleperformance's next earnings date is estimated for February 18, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:RCF0 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call shows constructive operational progress: sequential revenue momentum in Core Services, AI-driven commercial traction, maintained margins and a sizable increase in free cash flow excluding restructuring. Management reiterated full-year guidance and raised efficiency targets, supported by a successful refinancing. However, notable near-term headwinds remain — reported revenue declined (-4.5%) due to currency and Trust & Safety weakness, restructuring charges (H1 EUR 109m; guidance EUR 120–140m) depressed operating profit and net profit, and timing uncertainty around cash realization of savings persists. Balancing the clear strategic and financial positives against the material one‑time costs and softer Trust & Safety trends, the tone is cautiously optimistic with progress on the transformation but continued execution risk.Company Guidance
Sequential Revenue Momentum and Core Services Growth
Like-for-like revenue sequentially improved from -2.2% in Q1 to -1.2% in Q2; H1 like-for-like at -1.7% but excluding Trust & Safety the group would have grown +1.7%. Core Services like-for-like growth excluding Trust & Safety was +2.3%, with Core Services improving Q1 -1.7% to Q2 -1.0%.
Profitability and Margin Stability
Recurring EBITA remained stable year-over-year at 13.6% for H1 2026; overall EBITDA margin maintained versus H1 2025. Specialized Services delivered a >3 percentage-point increase in EBITDA margin driven by internal synergies.
Strong Free Cash Flow (Excluding Restructuring)
Net free cash flow before restructuring rose to approximately EUR 299 million for H1 2026, a significant increase versus H1 2025; management expects cash flow generation to increase in H2.
Increased Efficiency Target and Transformation Progress
Company raised its run-rate savings target from >EUR 100 million to EUR 150–170 million driven by SG&A reductions and internal AI efficiencies; this underpins the transformation program and future margin improvement.
Refinancing and Strong Balance Sheet Metrics
Completed EUR 1.2 billion dual-tranche bond issuance (EUR 700m ~6yr; EUR 500m ~9yr) at ~5% average; post-refinancing average cost of debt ~4.28% and gross debt average duration extended to 4.5 years (up 50%). Maintained a relatively low leverage profile despite a ~54% dividend payout.
Commercial Traction in AI and High‑Value Offerings
Growing demand for AI-powered/hybrid workforce solutions: >1,100 projects with AI, strong traction in AI data services (annotation/labeling), Revenue‑as‑a‑Service, sales and collections, and back-office verticals. Management cites faster pipeline and bookings.
Recovery and Wins in Specialized Units
TLScontact returned to growth in Q2 and won a significant contract; LanguageLine Solutions (LLS) and other Specialized Services units showing sequential improvement and stronger fundamentals in healthcare, public safety and financial services.
Employee and ESG Commitment
Announced strengthened employee engagement framework: establishment of employee boards across operations, reporting consultatively to the board’s sustainability committee, and commitment to upskilling and workplace welfare.
DE:RCF0 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed