Nexi stock enters final quarter as Merchant Solutions recovers

Nexi enters the final quarter with improving momentum in Merchant Solutions, while management has kept its 2026 targets unchanged. In a report published by AD HOC NEWS on Monday, November 9, the payments group said the third quarter showed a faster operating pace.

Merchant Solutions turns positive

Revenue for the first nine months of 2026 rose 1.1 percent year over year to 2.678 billion euros, according to the report, which cited Il Sole 24 ORE. Underlying revenue growth reached 4 percent after excluding the effect of lost banking clients following mergers and acquisitions, mainly in Italy, and other one-off effects.

Revenue in the July-to-September quarter increased 1.3 percent to 942 million euros. Merchant Solutions was the main driver of the improvement, with the division moving from a decline in the first quarter to a smaller decline in the second and positive growth in the third quarter.

Guidance stays intact

EBITDA reached 1.400 billion euros in the first nine months, up 0.3 percent, while the margin stood at 52.3 percent. Third-quarter EBITDA rose 0.6 percent to 530 million euros, with a 56.3 percent margin.

Nexi continues to expect 2026 net-revenue growth broadly in line with 2025 and broadly stable absolute EBITDA after strategic investments. Excess cash generation is projected at approximately 750 million euros after investments and higher taxes. The group also expects to pay a dividend of 0.30 euros per share, subject to the relevant corporate process.

Stock context for investors

Nexi stock traded at 4.49 euros on Lang & Schwarz at 6:02:52 p.m. CET on Monday, November 9, 2026. The next operating test is whether Merchant Solutions can accelerate further in the fourth quarter as the effects of lost banking contracts fade and seasonal consumer spending becomes more important.

Italian equities can be followed through the FTSE MIB market overview.

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