Nexi stock: Merchant Solutions regains momentum as outlook holds

Nexi reported modest reported growth for the first nine months of 2026 on Thursday, November 5, while keeping its full-year outlook unchanged. Il Sole 24 Ore reported revenue of 2.678 billion euros, up 1.1 percent from the prior-year period.

The figures point to a mixed operating picture. Revenue in the July-to-September quarter reached 942 million euros, an increase of 1.3 percent year over year. Underlying revenue growth reached 4 percent for both the quarter and the nine-month period after excluding the effects of lost banking clients and other one-off items.

Merchant Solutions turns positive

Merchant Solutions, Nexi's largest business area, drove the improvement. The division generated about 1.52 billion euros in revenue during the first nine months, with quarterly growth returning to positive territory as the impact of earlier bank-contract losses began to ease.

Issuing Solutions produced about 872 million euros, up 2.4 percent year over year. Digital Banking Solutions revenue increased 3 percent to 283 million euros. The segment mix shows how Nexi's broader platform is offsetting uneven conditions across individual payment businesses.

Cash generation remains central

EBITDA increased 0.3 percent to 1.400 billion euros in the first nine months, giving Nexi an EBITDA margin of 52.3 percent. Third-quarter EBITDA rose 0.6 percent to 530 million euros, with a 56.3 percent margin. Il Sole 24 Ore said the nine-month margin exceeded the cited 51.8 percent consensus estimate.

Nexi confirmed its 2026 guidance for net-revenue growth broadly in line with 2025 and broadly stable absolute EBITDA after strategic investments. Excess cash generation is expected at about 750 million euros after investments and higher taxes. Management also expects Merchant Solutions to accelerate in the fourth quarter as seasonal consumer spending becomes more important.

Nexi stock traded at 4.48 euros on Lang & Schwarz at 6:35:37 p.m. CET on Friday, November 6, 2026. Investors can follow the real-time quote of Nexi stock.

Il Sole 24 Ore reported the nine-month figures and the unchanged 2026 targets in its report on Nexi's results.

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More news and analyses on Nexi stock cover the company's operating progress and investor outlook.