Nexi SpA

NEXI: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Nexi Earnings: Underlying Performance Is Decent but Margin Compression Surprises

Niklas Kammer

Nov 5, 2025

Nexi reported third-quarter revenue growth of 1.8%. Revenue in merchant solutions was 0.6%, hindered by unfavorable volume mix. Additionally, the loss of bank customers in Italy due to mergers and contract renegotiations weighs on Nexi's largest segment.

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Nexi SpA

Nexi Earnings: Underlying Performance Is Decent but Margin Compression Surprises

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