Q3 Fiscal 2026 revenues above expectations; focus on execution

Jul. 02, 2026
PR - Q3 Fiscal 2026 Revenues

Q3 organic revenue growth of +2.0%
Revised Fiscal 2026 organic revenue growth guidance, reflecting stronger-than-expected third-quarter performance; margin guidance maintained
- Organic revenue growth now expected between +1.2% and +1.5%
  (previously +0.5% to +1%)
- Underlying operating profit margin between 3.2% and 3.4%
Execution agenda and mid-term ambitions to be presented at an Investor Update in Paris on July 16, 2026

Q3 Fiscal 2026 Revenues

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Third-quarter organic growth was above expectations, reflecting resilient demand across the business and the continued focus of our teams on execution. While we entered the quarter with a cautious view of the operating environment, we were able to mitigate a number of risks by capturing opportunities across the portfolio, particularly at Sodexo Live! North America.
We are moving with urgency on our action plan to return to growth, restore competitiveness and strengthen execution capabilities. The organization continues to mobilize behind key transformation priorities. We are seeing encouraging progress in our commercial momentum.
Our Investor Update on July 16 will provide further details on our execution agenda and medium-term ambitions.

Thierry DelaporteChief Executive Officer of Sodexo

Highlights of the period

Revenues - Third quarter Fiscal 2026 consolidated revenues totaled 6.2 billion euros, reflecting organic revenue growth of +2.0%, a negative currency impact of -2.5%, primarily driven by the depreciation of the U.S. dollar, and a positive contribution from acquisitions and disposals of +1.4%, mainly reflecting the acquisition of Grupo Mediterránea, completed at the end of February 2026.
Organic growth by geography for the third quarter:
- North America – Organic growth of -0.1%, or +2.2% excluding the contract reclassification¹, impacted by prior contract losses in Education. Healthcare & Seniors continued to deliver solid growth, supported by new contract wins, while Sodexo Live! benefited from high activity levels across stadiums, conference centers and airport lounges, supported by high attendance and strong consumer spending.
  - Europe – Organic growth of +0.6%, reflecting the prior loss of a large global FM contract in Business & Administration and continued softer activity in Education. There were especially high comparables for Sodexo Live! following strong prior-year activity, while Healthcare & Seniors remained solid.
  - Rest of the World – Organic growth of +10.6%, primarily supported by new contract ramp-ups, mainly in Energy & Resources, with broad-based growth across geographies.
Financing – As planned, the Group repaid its $328m bond maturing in April 2026 using available cash, simplifying its debt structure and maintaining a balanced maturity profile.
M&A – On March 5, 2026, Sodexo completed the acquisition of Huis Van Dijck, a Belgian event catering specialist. On April 2, 2026, Entegra, Sodexo's group purchasing organization (GPO), acquired UK-based hospitality procurement company Prestige Purchasing. Both transactions represent targeted bolt-on acquisitions in their respective markets.
Sustainability – Sodexo was awarded an EcoVadis Gold Medal, placing the Group among the top 2% of companies assessed in its industry and further validating its ability to deliver sustainable value to clients.

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Outlook

Following a stronger-than-expected third-quarter performance, while maintaining a prudent view of the external environment, Sodexo now expects for Fiscal 2026:

Organic revenue growth between +1.2% and +1.5% (previously +0.5% to +1%)
Underlying operating profit margin between 3.2% and 3.4%.

Conference call

Sodexo will hold a conference call (in English) today at 9:00 a.m. (Paris time) / 8:00 a.m. (London time) to comment on its Q3 Fiscal 2026 revenues.

To connect to the call, please dial in using the following telephone numbers:

From the UK: +44 121 281 8004, or
From France: +33 1 70 91 87 04, or
From the US: +1 718 705 8796,

Followed by the access code 07 26 13

The live audio webcast will be available on www.sodexo.com

The press release, presentation and webcast will be available on the Group website www.sodexo.com in both the “Newsroom” section and the “Investors – Financial Results” section.

¹One-off contract reclassification from gross to net accounting (~100bps annualized impact on revenue over the period from January 2026 to December 2026)

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