Ipsos Achieves Organic Growth in Volatile Market

Paris, July 23, 2025 – Ipsos reports a revenue of €1,155 million for the first half of 2025, showcasing a total growth of 1.5%. This includes -0.5% organic growth and 3.1% from acquisitions, notably infas, despite a -1.1% currency impact due to a weaker dollar. In Q2, organic growth was 0.7%, recovering from Q1's -1.8%.

CEO Ben Page highlights the U.S. rebound and continued technology and AI investment. Ipsos remains cautious but aims for higher organic growth and a 13% operating margin by year-end. EMEA and the Americas returned to organic growth, with acquisitions bolstering performance, despite challenges in Asia-Pacific and setbacks in France's Public Affairs sector.

The first half saw consumer and employee segments grow organically. Ipsos.Digital notably surged by 26%. Financially, operating margin dipped to 8.3%, affected by acquisitions, with a net profit of €53 million. Free cash flow was €40 million, with significant €149 million spent on acquisitions.