Pluxee N.V. Q2 2026 Earnings Recap

Pluxee delivered a resilient first half of fiscal 2026 with 5.6% organic revenue growth, ahead of profit expectations, supported by strong core business performance and robust cash flow generation.

Key Takeaways

• Total revenues reached EUR 655 million, with Employee Benefits constituting EUR 500 million (+9.4% organic growth).
• Recurring EBITDA climbed 12.9% organically to EUR 242 million, with margins expanding by 229 basis points to 37%.
• Employee Benefits growth remained strong across regions: Latin America (+11.5%), Rest of the World (+16.8%), and Europe (+5.1%).
• Margin expansion driven by operating leverage, process automation, and disciplined cost management; EBITDA growth outpaced revenue.
• Solid commercial momentum with record new client wins, EUR 0.9 billion in new annualized BVI, and 2.9 billion EUR incremental face value since FY24.