Aeroports de Paris SA

ADP: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ADP Earnings: Fewer Passengers and Tax Risk Weigh, but New ERA Offers a Cushion; Cut Fair Value 10%

Jack Fletcher-Price

Oct 23, 2026

Aéroports de Paris reported third-quarter results that broadly met expectations, having lowered 2026 guidance when it released September traffic figures on Oct. 15. It now expects a slight decrease in traffic and EBITDA at the lower end of the EUR 2.3 billion-EUR 2.35 billion guided range.

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Aeroports de Paris SA

ADP Earnings: Fewer Passengers and Tax Risk Weigh, but New ERA Offers a Cushion; Cut Fair Value 10%

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