Moody's upgrades Nexi as Nexi stock trades 17.86 percent below its high

Published on 10/01/2026 at 15:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 1.00 percent year over year. Nexi stock costs EUR 4.14 after EUR 4.16, down 0.48 percent on October 1, 2026.

Modernes Zahlungsterminal an Ladenkasse in italienischer Einkaufsstraße — Nexi S.p.A. (IT0005366767) betreibt Zahlungsterminals im Einzelhandel, hier fotorealistisch an Ladenkasse gezeigt, Illustration mit AI erstellt.

Nexi (ISIN IT0005366767) was trading at EUR 4.14 at Lang & Schwarz on October 1, 2026 at 3:16 p.m. CEST, down 0.48 percent versus the EUR 4.16 prior close. The price stood 17.86 percent below its EUR 5.04 52-week high as Moody's upgraded Nexi's long-term rating to Baa3 from Ba1 on September 29, 2026, according to Teleborsa.

Investment grade changes the equation

The upgrade moved Nexi into investment-grade territory and came with a stable outlook. Teleborsa reported that adjusted leverage stood at 3.50 times in June 2026, while Moody's expects it to move toward 3.00 times over the next two years.

The credit signal matters because Nexi is still balancing debt reduction, shareholder distributions and investment in its payments platform. Moody's estimated adjusted free cash flow after dividends at EUR 450.00 million for 2026, against shareholder distributions of EUR 350.00 million, according to Teleborsa.

First-half growth remains measured

Nexi's first-half 2026 results showed year-to-date revenue slightly above EUR 1.70 billion, up 1.00 percent from 2025, while EBITDA reached EUR 870.00 million and stayed in line with the prior year and company guidance. These figures come from the July 29, 2026 results call transcript published by Yahoo Finance.

The cash profile was firmer than the top-line growth: excess cash generation reached EUR 400.00 million in the first half, and management reaffirmed a target of at least EUR 750.00 million for 2026. That comparison leaves EUR 350.00 million to be generated in the second half, making execution and seasonal consumer spending central to the outlook.

Results date sets the next checkpoint

Nexi's investor-relations calendar schedules its 9M26 results presentation and conference call for November 5, 2026, with CEO Bernardo Mingrone and CFO Piergiorgio Pedron listed for the event, according to the company's investor-relations page. The date gives the market a defined point for testing the 2026 revenue, EBITDA and excess-cash targets.

For investors, the central tension is visible in the numbers: the credit profile improved, while revenue growth remains 1.00 percent year over year and the share price remains 17.86 percent below its 52-week high.

Nexi stock stays below its yearly high

Nexi was trading at EUR 4.14 at Lang & Schwarz on October 1, 2026 at 3:16 p.m. CEST, down 0.48 percent versus the EUR 4.16 prior close at Lang & Schwarz on September 30, 2026. The primary listing is on Euronext Milan, where Nexi trades under ticker NEXI.