Nexi S.p.A.(MX:NEXIN)
MX:NEXIN
Nexi S.p.A. earnings date
Nexi S.p.A. (NEXIN) Q3 2026 Earnings Report
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MX:NEXIN Q3 2026 EPS Results
- Actual EPS
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- Consensus EPS
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- Beat/Miss
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- One Year Ago EPS
- MXN 5.40
MX:NEXIN Q3 2026 Revenue Results
- Actual Revenue
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- Expected Revenue
- MXN 19.53B
- Beat/Miss
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- YoY Revenue Growth
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Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- TBA
- Conference Call
- Thursday, November 5, 2026
MX:NEXIN Upcoming Earnings
Nexi S.p.A.'s next earnings date is estimated for March 11, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive. Nexi reported accelerating Q3 revenue growth, a clear Merchant Solutions recovery, stable-to-improving EBITDA, strong cost control, successful bank-contract renewals, Investment Grade status, ongoing deleveraging, and confirmed full-year guidance. These positives outweighed challenges from legacy bank-contract effects, German macroeconomic weakness, softer Issuing Solutions trends, Polish e-commerce pressure, and moderated underlying growth.
Company Guidance
Nexi confirmed its 2026 guidance of net revenue growth broadly in line with 2025, EBITDA in absolute terms broadly stable, and excess cash generation of approximately EUR 750 million; management expects an acceleration of the MS sales in Q4, is not expecting a very strong Q4 for IS, and said costs would not go over 5%, 6%, with no big acceleration in its cost base in Q4. Q4 represents 26%, 27% of total yearly sales, and management said it was very comfortable delivering the EBITDA target, although it was too early to say if it would do better. For 2027, management said it was not guidance, but expected results to be broadly similar to 2026, with the gap between underlying and reported growth expected to close in 2028.
- Revenue Growth Re-accelerated in Q3Net revenues grew 1.1% year-on-year in the first nine months to approximately EUR 2.68 billion, while Q3 revenue growth accelerated to 1.3% and reached EUR 942 million. Underlying revenue growth was approximately 4% in both Q3 and the first nine months, despite a challenging environment and the continuing effect of previously lost partner-bank contracts.
- Stable and Slightly Improved EBITDANine-month EBITDA was EUR 1.4 billion, up 0.3% year-on-year, with a 52.3% margin. Q3 EBITDA increased 0.6% to EUR 530 million, with a 56.3% margin. Management attributed the performance to disciplined cost execution while continuing to fund strategic investments.
- Merchant Solutions RecoveryMerchant Solutions revenue growth improved sequentially from minus 1.4% in Q1 to minus 0.2% in Q2 and plus 1.6% in Q3. Q3 net revenue reached EUR 548 million, bringing the nine-month total to approximately EUR 1.52 billion and underlying growth to approximately 3%. The recovery was supported by ISVs, direct channels, value-added services, e-commerce, and the ramp-up of the Nexi Bancomat processing hub in Italy.
- Merchant Transaction Volumes and E-commerce GrowthThe value of managed Merchant Solutions transactions increased by just shy of 3% in the first nine months. E-commerce delivered double-digit growth in Q3, while ISVs and direct channels continued to make progress.
- Issuing Solutions Volume GrowthIssuing Solutions revenue increased 1.2% year-on-year to approximately EUR 300 million in Q3 and reached approximately EUR 872 million for the first nine months, up 2.4%. The value of managed transactions increased 6.4% year-on-year in the first nine months, supported by international schemes, the Nexi Bancomat processing hub, new DACH client onboarding, international debit in Italy, and value-added-service upselling and cross-selling.
- Digital Banking Solutions Growth and New InitiativesDigital Banking Solutions revenue increased 3% in the first nine months to EUR 283 million. Q3 revenue was broadly stable at EUR 94 million, up 0.3% year-on-year. Growth drivers included SEPA Clearing, open banking, the bank instant payment hub, the digital euro project, Zippay for Irish banks, new network-services customers, PagoPA bill-payment campaigns, and bank-M&A-related projects.
- Geographic Diversification Supported PerformanceNine-month revenue increased 0.7% in Italy, 4.3% in DACH, and 3.6% in CSEE. Italy recorded three consecutive quarters of sequential Merchant Solutions growth, Nordics Merchant Solutions improved sequentially in Q3, and CSEE recorded its strongest Merchant Solutions growth since the beginning of the year.
- Strong Bank Contract Renewal Track RecordNexi stated that it has not lost any bank contracts over the last couple of years and has achieved a 100% success rate in renewing contracts as they come due. Management expects to continue being successful in future renewals.
- Digital Euro Infrastructure RoleTogether with Deutsche Telekom, Nexi was selected by the ECB to provide digital euro network connectivity. Nexi is also participating in the digital euro pilot with 36 other European institutions and is developing a system-wide solution with strategic partners. The digital euro is expected to be introduced in 2029, and management described the infrastructure opportunity as potentially significant and material to the revenue base, although it cannot yet be quantified.
- Cost Containment and Reorganization BenefitsCosts were expected to increase 5% to 6% earlier in the year but were growing at 2% year-to-date. Total nine-month costs increased 2% to approximately EUR 1.28 billion, while Q3 costs increased 2.2% to approximately EUR 412 million. Operating costs increased only 0.6% despite volume growth and inflationary pressure, and headcount was below its year-end 2025 level at the end of September.
- Reorganization Supporting Efficiency and Product DeliveryThe reorganization brought software engineering together with product design and development and enabled the adoption of agentic capabilities at scale. Management said the changes are intended to improve time to market, move decisions closer to the point of impact, enhance operating efficiency and effectiveness, and support the company's ability to compete.
- Continued Investment in Future GrowthNexi continued funding strategic priorities despite cost containment, including direct sales, ISV convergence strategies, new products and services, merchant financing, e-commerce, and value-added services. Management said the direct-sales investments have an expected 18-month payback period and are showing positive signs as they move into full swing.
- Balance Sheet Strength and DeleveragingMoody's upgraded Nexi to Investment Grade, removing its split-rating status. Nexi is using its cash pile to pay down debt during 2026, and net leverage declined to 2.6x. Management confirmed that the deleveraging path and capital-base optimization remain priorities.
- 2026 Guidance ConfirmedNexi confirmed its 2026 guidance for net revenue growth broadly in line with 2025, EBITDA broadly stable in absolute terms, and excess cash generation of approximately EUR 750 million. Management said it was very comfortable delivering the EBITDA target and expected no major acceleration in the cost base in Q4.
- Cash Generation Positioned for a Strong Q4First-half cash flow generation was EUR 400 million. Management noted that Q4 is normally the strongest quarter for cash generation because of the festive season, including Black Friday and Christmas, and said it was comfortable with the approximately EUR 750 million full-year excess cash-generation guidance.
- Germany Remains a Long-Term Growth OpportunityManagement described Germany as a growth engine and said Nexi has approximately 10% to 15% market share, leaving opportunities to expand across sectors. Nexi cited its Orderbird ISV in restaurants and its Planet partnership in hotels as examples of capabilities supporting the German market.
MX:NEXIN Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 11, 2027 | 2026 (Q4) | 7.17- | 7.48 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | ―- | 5.4 | ― | |
| Jul 29, 2026 | 2026 (Q2) | 5.886.13 | 5.4 | 13.46% (+0.73) | |
| May 06, 2026 | 2026 (Q1) | ―- | 7.27 | ― | |
| Mar 05, 2026 | 2025 (Q4) | 7.547.48 | 7.27 | 2.86% (+0.21) | |
| Nov 05, 2025 | 2025 (Q3) | ―- | 4.67 | ― | |
| Jul 31, 2025 | 2025 (Q2) | 5.825.40 | 4.67 | 15.56% (+0.73) | |
| May 07, 2025 | 2025 (Q1) | ―- | 6.23 | ― | |
| Feb 28, 2025 | 2024 (Q4) | 7.377.27 | 6.23 | 16.67% (+1.04) | |
| Nov 08, 2024 | 2024 (Q3) | ―- | 4.57 | ― |
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
