Amadeus IT Group SA

AMS: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Amadeus Earnings: Network and Switching Cost Advantages Strengthening Despite Iran War Headwinds

Dan Wasiolek

Jul 31, 2026

Amadeus' first-half revenue increased 5% in constant currency, led by 9% growth in IT solutions, with the distribution business up 1%, while adjusted EBIT increased 5%. The outlook for 2026 constant-currency sales growth was lowered to mid- to high-single digits from high-single digits.

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Amadeus IT Group SA

Amadeus Earnings: Network and Switching Cost Advantages Strengthening Despite Iran War Headwinds

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