Amadeus IT Group stock: Q3 growth supports lower-end 2026 outlook

Amadeus reported solid growth for the third quarter and the first nine months of 2026 in a press release published on November 6. The Madrid-based travel technology group said revenue, adjusted EBIT and free cash flow increased during the nine-month period, while its full-year outlook remained unchanged at the lower end of the range.

Revenue and cash flow advance

Group revenue rose 3.7 percent from a year earlier to 5,075.7 million euros in the nine months ended September 30, 2026. At constant currency, revenue increased 5.2 percent. Adjusted EBIT reached 1,546.6 million euros, up 5.5 percent at constant currency, while free cash flow rose 8.5 percent to 1,036.3 million euros.

Adjusted diluted earnings per share increased 8.8 percent at constant currency. Reported diluted earnings per share rose 4.2 percent to 2.54 euros. IFRS profit declined 0.6 percent to 1,081.6 million euros, showing that the adjusted improvement did not fully translate into higher reported earnings.

Travel segments show mixed momentum

Air IT Solutions revenue expanded 7.7 percent at constant currency during the first nine months, supported by higher revenue per passenger boarded. Hospitality and Other Solutions grew 9.2 percent, while Air Distribution revenue increased 2.1 percent at constant currency.

Amadeus said passengers boarded increased 1.3 percent over the period, but bookings were affected by geopolitical disruption in the Middle East. Management expects the business to deliver its 2026 outlook, although likely at the lower end of the stated range because of the continuing regional situation.

AI strategy broadens

The company said it had advanced its strategy through new collaborations with technology partners including Anthropic and NVIDIA. Amadeus described these relationships as part of its effort to support an AI-enabled travel ecosystem and to strengthen the role of its platforms across the travel industry.

Amadeus serves global travel markets

Amadeus IT Group operates technology platforms for airlines, airports, hotels, travel sellers and other travel providers. Its activities span Air Distribution, Air IT Solutions and Hospitality and Other Solutions, with services covering search, pricing, booking, ticketing, reservations, payments and departure control.

The company is headquartered in Madrid, Spain, and serves travel businesses across Europe, the Americas, the Middle East, Africa and Asia Pacific. Its platforms include Amadeus GDS, Altéa Passenger Service System and New Skies.

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