Amadeus IT Group Past Earnings Performance
Past criteria checks 3/6
Amadeus IT Group has been growing earnings at an average annual rate of 39.7%, while the Hospitality industry saw earnings growing at 54.5% annually. Revenues have been growing at an average rate of 18.3% per year. Amadeus IT Group's return on equity is 28.5%, and it has net margins of 19.9%.
Key information
39.66%
Earnings growth rate
40.13%
EPS growth rate
| Hospitality Industry Growth | -1.85% |
| Revenue growth rate | 18.31% |
| Return on equity | 28.53% |
| Net Margin | 19.86% |
| Next Earnings Update | 06 Nov 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jul 11
AMS: Mixed Broker Views And Fair Value Signal Balanced Future Prospects
The analyst fair value estimate for Amadeus IT Group has been revised from €53.00 to €50.00 as analysts factor in updated sector views, including a downgrade to Reduce with a €50 price target and mixed price target adjustments from other firms. Analyst Commentary Recent Street research on Amadeus IT Group shows a split in opinion, with some bearish analysts turning more cautious while others, such as JPMorgan, maintain a more constructive stance alongside adjusted price targets.
Narrative Update • Jun 26
AMS: Higher Growth Expectations Will Support Future Upside Case
Amadeus IT Group's updated analyst price target has shifted to €80.00 from €87.00, as analysts factor in slightly higher assumed revenue growth and a lower future P/E, along with a modestly higher discount rate and reduced profit margin expectations, with recent Street research showing a small cut in one target to €61 and incremental increases at others. Analyst Commentary Recent Street research on Amadeus IT Group shows a mix of cautious adjustments and more positive revisions to price targets.
Narrative Update • Jun 12
AMS: AGM Cash Strength And Tech Investments Will Support Earnings Re Rating Potential
Analysts have raised their price target on Amadeus IT Group by a few euros, with recent moves such as a €1 increase from Morgan Stanley and a €5 increase from Jefferies. These changes are supported by updated assumptions on discount rates, revenue growth, profit margins, and forward P/E expectations.Narrative Update • May 29
AMS: Solid Q4 Execution And New Partnership Will Support Re Rating Potential
Analysts have nudged the fair value estimate for Amadeus IT Group higher by about €0.51, citing updated assumptions around slightly faster revenue growth, a marginally stronger profit margin outlook, and a lower future P/E multiple reflected in recent price target revisions from major banks. Analyst Commentary Recent Street research on Amadeus IT Group shows a mix of optimism around the company’s execution and caution on how much upside is already reflected in current valuation multiples.
Narrative Update • May 12
Amadeus IT Group's AI Evolution Will Strengthen Its Travel Tech Dominance
Amadeus: Updating the AI Narrative and Intrinsic Value Following the company’s latest quarterly results, our investment thesis on Amadeus remains intact and, if anything, has strengthened. The market continues to underestimate the structural resilience of the company’s business model while overestimating the disruptive threat posed by artificial intelligence across the travel technology ecosystem.Analysis Article • May 12
Amadeus IT Group, S.A. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Amadeus IT Group, S.A. ( BME:AMS ) just released its first-quarter report and things are looking bullish. The company...Narrative Update • Apr 25
AMS: Solid Q4 Execution And New Partnership Will Support Re Rating Potential
Analysts have trimmed the Amadeus IT Group fair value estimate slightly to €67.04 from €67.94. This reflects a small adjustment to long term growth and margin assumptions following recent mixed price target moves across the Street.New Narrative • Apr 11
Airline And Hospitality Software Adoption Will Shape Future Returns For This Travel Technology Provider
Catalysts About Amadeus IT Group Amadeus IT Group provides mission critical software and payments infrastructure that connects airlines, hotels, travel sellers, airports and payment partners across the global travel sector. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 09
AMS: Solid Q4 And FY26 Guidance Will Support Re Rating Potential
The updated analyst price target for Amadeus IT Group has moved closer to the current Street range, with a blended change of a few euros. This reflects recent target cuts to €62 and €65, alongside a smaller increase to €55, as analysts balance solid Q4 results and largely in line FY26 guidance with slightly lower assumptions for fair value, discount rate, growth, margins, and future P/E.Narrative Update • Mar 25
AMS: Solid Q4 Delivery And FY26 Guidance Will Support Future Upside
Analysts have adjusted the fair value estimate for Amadeus IT Group slightly lower to €68.99, reflecting recent Street price target moves that range from an increase to €55 to reductions to €62 and €65, along with updated assumptions for discount rate, revenue growth and profit margins. Analyst Commentary Recent Street research on Amadeus IT Group reflects a mix of optimism on execution and caution on valuation, with price targets clustered between €55 and €65 and ratings spread across Neutral, Overweight and Buy stances.Narrative Update • Mar 10
AMS: Rebased P/E And Solid Q4 Execution Will Support Future Upside
Narrative update on Amadeus IT Group The updated analyst price target for Amadeus IT Group has moved lower by about €5 to around €70. This reflects recent cuts from €78 to €65 and from €71 to €62 as analysts factor in solid Q4 results, FY26 guidance that aligned with expectations, and adjustments to revenue growth, profit margin and future P/E assumptions.New Narrative • Mar 03
Cloud Migration And AI Retailing Will Reshape Long Term Travel Technology Economics
Catalysts About Amadeus IT Group Amadeus IT Group is a global travel technology provider that supplies mission critical software and payment solutions to airlines, hotels, airports, travel sellers and other travel providers. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 24
AMS: Rebased P/E And Margins Will Support Future Upside Potential
Analysts have trimmed their price target for Amadeus IT Group to about €75 from roughly €77, citing slightly lower fair value, modestly adjusted growth and margin assumptions, and a reduced future P/E multiple. Analyst Commentary Recent research points to a more cautious stance on Amadeus IT Group, with the cut in the price target reflecting a reassessment of both growth expectations and the valuation investors are willing to pay.
New Narrative • Feb 20
The "AI Fear" Arbitrage Opportunity
Amadeus IT (AMS.MC): The "AI Fear" Arbitrage Opportunity Current Price: ~€48.84 | Target Range: €62.00 – €75.00 | View: Strong Buy / Accumulate The market has priced Amadeus as a "terminal decline" asset due to fears of AI disintermediation. However, operational reality contradicts this narrative.Narrative Update • Feb 09
AMS: Outperform Upgrade And Earnings Power Will Support Future Upside Potential
Analysts have nudged their fair value estimate for Amadeus IT Group slightly lower to €76.67 from €76.71. The updated price target reflects modest tweaks to discount rate, revenue growth, profit margin and future P/E assumptions, and is framed against recent research that shifted the stock rating to Outperform with a €72 target.Narrative Update • Jan 26
AMS: Margin Resilience And Cash Generation Will Underpin Future Upside After Outperform Upgrade
Analysts have inched their price target for Amadeus IT Group to about €76.71, a very small move from roughly €76.74. This points to slightly adjusted assumptions around discount rate, revenue growth, profit margin, and future P/E, alongside recent Street research that now includes an Outperform rating with a €72 target.Narrative Update • Jan 12
AMS: Profitability Execution Will Drive Future Upside After Outperform Upgrade
Analysts have trimmed their fair value estimate for Amadeus IT Group from €77.05 to €76.74, reflecting slightly softer revenue growth assumptions alongside higher profit margin expectations and a lower future P/E. Recent research, including an upgrade to Outperform at €72, reinforces this updated view.Analysis Article • Jan 04
Earnings Not Telling The Story For Amadeus IT Group, S.A. (BME:AMS)
When close to half the companies in Spain have price-to-earnings ratios (or "P/E's") below 16x, you may consider...Analysis Article • Dec 21
With EPS Growth And More, Amadeus IT Group (BME:AMS) Makes An Interesting Case
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Nov 24
Investors Shouldn't Overlook Amadeus IT Group's (BME:AMS) Impressive Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...Narrative Update • Oct 03
Cloud Migration And Asia Pacific Trends Will Unlock Travel Opportunities
Analysts have lowered their price target for Amadeus IT Group from €77.81 to €77.05, citing a slightly weaker profit outlook and potential industry risks from technological disruption. Analyst Commentary Recent research updates reveal a divided outlook among analysts regarding Amadeus IT Group, reflecting both optimism about strategic positioning and caution about industry headwinds.
New Narrative • Nov 07
Tactical Tech Investments And High-Growth Market Entry Propel Aviation And Hospitality Sectors
Strategic focus on NDC technology and partnerships positions Amadeus to capture more bookings and increase Air Distribution revenue.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Amadeus IT Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 6,592 | 1,309 | 0 | 0 |
| 31 Mar 26 | 6,567 | 1,337 | 0 | 0 |
| 31 Dec 25 | 6,517 | 1,336 | 0 | 0 |
| 30 Sep 25 | 6,436 | 1,353 | 0 | 0 |
| 30 Jun 25 | 6,349 | 1,332 | 0 | 0 |
| 31 Mar 25 | 6,278 | 1,295 | 0 | 0 |
| 31 Dec 24 | 6,142 | 1,253 | 0 | 0 |
| 30 Sep 24 | 5,955 | 1,264 | 0 | 0 |
| 30 Jun 24 | 5,802 | 1,225 | 0 | 0 |
| 31 Mar 24 | 5,626 | 1,169 | 0 | 0 |
| 31 Dec 23 | 5,441 | 1,118 | 0 | 0 |
| 30 Sep 23 | 5,255 | 1,022 | 0 | 0 |
| 30 Jun 23 | 5,078 | 925 | 0 | 0 |
| 31 Mar 23 | 4,880 | 846 | 0 | 0 |
| 31 Dec 22 | 4,486 | 664 | 0 | 0 |
| 30 Sep 22 | 4,127 | 463 | 0 | 0 |
| 30 Jun 22 | 3,649 | 268 | 0 | 0 |
| 31 Mar 22 | 3,091 | 34 | 0 | 0 |
| 31 Dec 21 | 2,670 | -142 | 0 | 0 |
| 30 Sep 21 | 2,334 | -390 | 0 | 0 |
| 30 Jun 21 | 2,014 | -559 | 0 | 0 |
| 31 Mar 21 | 1,649 | -838 | 0 | 0 |
| 31 Dec 20 | 2,174 | -625 | 0 | 0 |
| 30 Sep 20 | 3,041 | -130 | 0 | 0 |
| 30 Jun 20 | 4,025 | 322 | 0 | 0 |
| 31 Mar 20 | 5,186 | 932 | 0 | 0 |
| 31 Dec 19 | 5,570 | 1,113 | 0 | 0 |
| 30 Sep 19 | 5,481 | 1,055 | 0 | 0 |
| 30 Jun 19 | 5,285 | 1,023 | 0 | 0 |
| 31 Mar 19 | 5,112 | 1,013 | 0 | 0 |
| 31 Dec 18 | 4,936 | 1,002 | 0 | 0 |
| 30 Sep 18 | 4,799 | 1,061 | 0 | 0 |
| 30 Jun 18 | 4,736 | 1,047 | 0 | 0 |
| 31 Mar 18 | 4,675 | 1,020 | 0 | 0 |
| 31 Dec 17 | 4,637 | 1,003 | 0 | 0 |
| 30 Sep 17 | 4,609 | 932 | 35 | 0 |
| 30 Jun 17 | 4,576 | 904 | 35 | 0 |
| 31 Mar 17 | 4,545 | 879 | 35 | 0 |
| 31 Dec 16 | 4,473 | 826 | 35 | 0 |
| 30 Sep 16 | 4,334 | 788 | 0 | 0 |
| 30 Jun 16 | 4,211 | 743 | 0 | 0 |
| 31 Mar 16 | 4,043 | 699 | 0 | 0 |
| 31 Dec 15 | 3,913 | 684 | 0 | 0 |
| 30 Sep 15 | 3,797 | 678 | 40 | 0 |
Quality Earnings: AMS has high quality earnings.
Growing Profit Margin: AMS's current net profit margins (19.9%) are lower than last year (21%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AMS has become profitable over the past 5 years, growing earnings by 39.7% per year.
Accelerating Growth: AMS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AMS had negative earnings growth (-1.8%) over the past year, making it difficult to compare to the Hospitality industry average (-0.6%).
Return on Equity
High ROE: AMS's Return on Equity (28.5%) is considered high.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/10 17:55 |
| End of Day Share Price | 2026/09/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Amadeus IT Group, S.A. is covered by 35 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rafael Bonardell Trianes | Banco de Sabadell. S.A. |
| null null | Banco de Sabadell. S.A. |
| Carlos Javier Treviño Peinador | Banco Santander |