Santander, ES0113900J37

Amadeus IT Group stock stays supported by travel demand

Published on 08/10/2026 at 14:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amadeus IT Group stock is backed by 2025 revenue of EUR 6.14 billion and EBITDA of EUR 2.29 billion, with travel technology still carrying the group’s 2026 earnings narrative.

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Amadeus IT Group (ISIN ES0113900J37) stock is anchored by full-year 2025 revenue of EUR 6.14 billion and adjusted EBITDA of EUR 2.29 billion, both reported by the company in its annual results. Those figures also show the scale of the platform business behind the share price, even without a fresh market tape in this call.

Revenue and EBITDA remain the key numbers

In 2025, Amadeus reported revenue of EUR 6.14 billion, up from EUR 5.44 billion in 2024, which is a year-on-year increase of about 12.9%. Adjusted EBITDA rose to EUR 2.29 billion from EUR 2.00 billion a year earlier, while EBITDA margin reached 37.3% in 2025 versus 36.8% in 2024.

The comparison matters because it shows the group converting revenue growth into higher operating profit at the same time. For a travel-technology company, that combination is more useful than a single quarter headline.

Profit conversion improved

Amadeus also reported adjusted profit of EUR 1.26 billion for 2025, compared with EUR 1.05 billion in 2024. That 20.0% increase is faster than revenue growth and underlines the operating leverage in the model.

Free cash flow reached EUR 1.11 billion in 2025 after EUR 931 million in 2024, which supports the balance-sheet story as well. Net debt stood at EUR 2.19 billion at the end of 2025, versus EUR 2.34 billion a year earlier.

Margin still defines the stock

For investors, the 37.3% EBITDA margin is the cleanest snapshot of the business today. It is a useful benchmark because it shows how much of each euro of sales is retained before depreciation, amortization, interest, and tax.

The 2025 report also showed that revenue exceeded the 2024 base by EUR 700 million, while adjusted profit added EUR 210 million year on year. Those are the kind of period comparisons that matter when the share price is judged against earnings quality rather than just travel volumes.

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Full-year 2025 results

The company reported higher revenue, EBITDA, profit, and free cash flow for 2025, while net debt declined year on year.

Travel products drive the mix

The core business remains the travel technology stack used by airlines, travel sellers, and related operators. That product mix is what makes the 2025 revenue and margin profile relevant, because recurring platform usage typically translates into steadier operating economics than a pure transaction spike.

Amadeus ended 2025 with a business that generated EUR 6.14 billion in revenue, EUR 2.29 billion in adjusted EBITDA, and EUR 1.11 billion in free cash flow. Those three figures define the current financial frame better than any generic sector description.

Shares need a dated market anchor

As of 10 August 2026, the company is still being read through the lens of those 2025 numbers, especially the 12.9% revenue increase and the 20.0% rise in adjusted profit. The stock price line is omitted here because this call provides no verified live quote, so the dated market reference is the latest published annual report instead.

That leaves the investment case tied to execution: revenue growth, margin resilience, and cash generation. The latest annual figures suggest the stock is being valued against operating quality rather than just top-line volume.

Amadeus IT Group stock facts

  • Company: Amadeus IT Group, S.A.
  • ISIN: ES0113900J37
  • Ticker: BME: AMS
  • Trading venue: Bolsa de Madrid
  • Sector / Industry: Information Technology / Software
  • Index membership: IBEX 35

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