Amadeus IT Group SA

AMS: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Amadeus Earnings: Network Advantages Enduring in an AI Landscape and Amid Geopolitical Disruption

Dan Wasiolek

Nov 6, 2026

Amadeus' revenue increased 6.4% with air distribution (46% of sales) up 4.9%, air IT (37% of sales) up 6.5%, and hotel IT (17%) up 10.8%. Adjusted EBITDA margin expanded 30 basis points to 30.7% driven by lower personnel expense.

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Amadeus IT Group SA

Amadeus Earnings: Network Advantages Enduring in an AI Landscape and Amid Geopolitical Disruption

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