EarningsQ2 2026 Earnings Report
MX:PLXN Q2 2026 EPS Results
Actual EPS$15.84
Consensus EPS$15.94
Beat/MissMissed by -$0.10
One Year Ago EPS$14.92
MX:PLXN Q2 2026 Revenue Results
Actual Revenue$13.39B
Expected Revenue$6.40B
Beat/MissBeat by +$6.99B
YoY Revenue Growth+3.15%
Earnings Announcement Details
QuarterQ2 2026
Date04/16/2026
TimeBefore Open
Conference CallThursday, April 16, 2026
MX:PLXN Upcoming Earnings
PLUXEE N.V.'s next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a strong first half with solid organic top-line growth, record new client wins, substantial margin expansion, high cash conversion and an improved net cash position — signaling execution strength and resilience of the Employee Benefits core. Offsetting this are meaningful near-term challenges: regulatory uncertainty in Brazil with potentially large revenue/cost impacts, temporary weakness in Other Products & Services (Public Benefits phasing and UK/US strategic exits), Q2 growth moderation and currency headwinds. Management has outlined mitigation actions (client renegotiations, cost reductions, open-loop rollout, legal action) and reiterated full-year objectives, but Brazil remains the primary material risk for H2.Company Guidance
Total Revenues Growth
Total revenues reached EUR 655 million in H1 FY2026, up +5.6% organically (reported +3.0% including -3.6% currency impact and +1% scope).
Strong Employee Benefits Performance
Employee Benefits operating revenue reached EUR 500 million in H1, delivering +9.4% organic growth; Employee Benefits BVI reached EUR 10.1 billion (+5.9% organic; +6.8% organic excluding delayed Romania rollout).
Record New Client Wins and Face Value Momentum
Record EUR 0.9 billion of new annualized BVI from new client acquisition in H1; cumulative incremental BVI from face value increases reached EUR 2.9 billion, approaching the >EUR 3.0 billion 3-year target.
Material Margin Expansion
Recurring EBITDA of EUR 242 million, up +12.9% organically; recurring EBITDA margin expanded to 37% (+229 bps organically). Recurring operating EBITDA margin rose to 28.1% (+268 bps organically).
Robust Cash Generation and Balance Sheet Strength
Recurring free cash flow of EUR 210 million with an 86% cash conversion rate in H1; net financial cash position (ex-restricted cash) of EUR 1.270 billion (+EUR 107 million semester increase); gross financial debt roughly unchanged at <EUR 1.3 billion.
Profitability and Earnings
Net profit of EUR 116 million, up +9.3% year-on-year; adjusted EPS (group share) EUR 0.78, up +6.8% (including initial accretion from share buyback execution).
Regional Outperformance — Latin America & Rest of World
Latin America operating revenue EUR 229 million, +12.1% organic (driven by Brazil); Rest of World operating revenue EUR 94 million, +8.4% organic (excluding UK/US transformation +16.9% organic).
Operational Efficiency and Technology Levers
Margin expansion driven by operating leverage, product/process streamlining, automation (including increasing AI use), and tighter project prioritization; CapEx discipline with H1 CapEx EUR 44 million (6.8% of revenues) and continued shift toward OpEx/cloud model.
Credit Rating and Capital Return
Maintained S&P rating at BBB+ with stable outlook; ongoing EUR 100 million share buyback ~64% completed and active M&A pipeline (recent acquisitions contributing to scope and growth).
MX:PLXN 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