Omnicom (OMC) Q2 2026 earnings summary

Executive summary

• Revenue reached $6.6 billion in Q2 2026, up 63.4% year-over-year, driven by the IPG acquisition and 6.1% organic growth, with significant scale expansion and realignment into five disciplines.

• Adjusted EBITA grew 20.4% to $1.1 billion, with margin expansion to 17.8% from 15.9% year-over-year, reflecting acquisition synergies and operational momentum.

• Non-GAAP adjusted EPS rose 29.3% to $2.65, while reported diluted EPS was $2.08, both reflecting strong performance and integration benefits.

• Over half of planned asset dispositions completed, with remaining expected to generate $525M in revenue in H2 2026.

• $3 billion in share repurchases completed year-to-date as part of a $5 billion program targeted for completion by Q1 2027.

Financial highlights

• Q2 2026 core operations revenue was $5,995.0 million, up from $5,591.9 million in Q2 2025; total Q2 revenue rose 63.4% to $6.56 billion.

• Operating income increased to $922.5 million, with margin improving to 14.1% from 10.9% year-over-year.

• Adjusted EBITA margin expanded to 17.8% in Q2 and 16.4% year-to-date.

• Net income for Q2 2026 was $584.8 million; adjusted net income was $745.2 million.

• Free cash flow for H1 2026 was $1,502.0 million, up from $835.0 million in 2025.

Outlook and guidance

• Full-year 2026 organic revenue growth guidance raised to 5%, with management expecting to complete the $5 billion share repurchase program by Q1 2027.

• Net interest expense for 2026 expected to increase by ~$200M vs. 2025.

• Operating capital changes expected to be flat in H2 2026, excluding incremental payments.

• EPS growth for 2026 expected to be in the high teens (>15%).

• Management highlights ongoing operational momentum and notes risks related to integration, macroeconomic conditions, and client spending trends.