Verisure Group (VSURE) Q2 2026 earnings summary

Executive summary

• Q2 2026 delivered strong profitable growth, margin expansion, and robust free cash flow, with disciplined execution across all strategic priorities.

• Customer portfolio grew 9.4% year-over-year to 6.4 million, reinforcing global leadership in monitored home security and sustaining low attrition rates.

• First-ever interim dividend of €0.10 per share declared, marking the start of progressive shareholder returns.

• Strategic initiatives included a successful rebrand in Spain, a technology-led acquisition in France, and continued AI program progress.

• Achieved top ESG ratings and industry awards, highlighting operational excellence and sustainability leadership.

Financial highlights

• Annualized recurring revenue (ARR) reached €3,619.8m–€3,620m, up 11.9%–12.2% year-over-year at constant currency.

• Total revenue was €1,023.6m–€1,024m in Q2 2026, up 9.3%–10.3% year-over-year.

• Adjusted EBIT rose 13.9% to €268.8m–€269m, with margin expanding to 26.3%.

• Adjusted EBITDA was €467.7m–€468m in Q2, up 9.1%–9.8% year-over-year.

• Earnings per share increased to €0.14 from €0.08, reflecting profit growth and lower interest costs.

• Free cash flow was €56m–€56.2m in Q2, a year-on-year improvement of €97m.

Outlook and guidance

• 2026 outlook reconfirmed: ARR growth around 10% (excluding Mexico), adjusted EBIT margin above 26%, and positive free cash flow for the full year.

• Medium-term guidance: ~10% ARR growth, revenue growth up to 100 bps below ARR, and progressive EBIT margin development to 30% long term.

• Dividend payout ratio set at 35% of H1 2026 adjusted net income, returning €103m to shareholders.