Dassault Systèmes (Eu o ext Pa is: FR0014003TT8, DSY.PA) today epo ts its IFRS u audited estimated fi a cial esults fo the seco d qua te 2026 a d fi st half e ded Ju e 30, 2026. The G oup’s Boa d of Di ecto s app oved these estimated esults o July 22, 2026. This p ess elease also i cludes fi a cial i fo matio o a o -IFRS basis a d eco ciliatio s with IFRS figu es i the Appe dix.
(Seco d qua te 2026 u audited, IFRS & o -IFRS, ope ati g cash flow i IFRS,all g owth ates i co sta t cu e cies, u less othe wise oted)
- Total eve ue up 4% i 2Q26 d ive by subsc iptio up 8%
3D EXPERIENCE softwa e eve ue a d cloud softwa e eve ue both up 14%, mai ly d ive by Ma ufactu i g I dust ies- A ual Ru Rate g owth of 6% ve sus last yea 2, eflecti g the co ti ued st e gthe i g of ou busi ess model
- No -IFRS ope ati g ma gi of 30%, a d o -IFRS diluted EPS up 8% at €0.31
- Ope ati g cash flow up 11% i the fi st half, suppo ted by st o g cash co ve sio
- Co fi mi g o -IFRS full-yea objectives, capitalizi g o fi st half achieveme ts
- Dassault Systèmes expa ds the
3D EXPERIENCE AI- ative age tic platfo m with ew Vi tual Compa io skills to co-e gi ee with huma s - Expa di g ou leade ship i Life Scie ces with the acquisitio of A isGlobal, c eati g a u ified AI i tellige ce platfo m co ecti g molecule, patie t & eal-wo ld outcomes
“We delive ed a othe qua te i li e with ou objectives, with seque tial imp oveme t eflecti g the co ti ued st e gthe i g of ou subsc iptio model a d g owi g custome mome tum. Majo competitive wi s, accele ati g cloud adoptio , a d co ti ued dive sificatio ei fo ce ou co fide ce i delive i g sustai able g owth.
We fu the st e gthe ed ou positio ac oss High-Tech, New Space, a d Co sume i dust ies, with mo e custome s adopti g the
Ou co victio i Life Scie ces has eve bee st o ge . As the i dust y e te s a ew e a shaped by AI-d ive i ovatio , adva ced the apies, a d i c easi g egulato y complexity, the ext wave of p oductivity will ot come f om disco ected poi t solutio s. It will come f om a u ified platfo m co ecti g discove y, cli ical developme t, ma ufactu i g, quality, safety, a d egulato y i tellige ce.
Today’s acquisitio of A isGlobal ma ks a majo step fo wa d i executi g that visio . By combi i g ou leade ship i scie tific modeli g a d simulatio with thei expe tise i safety a d egulato y i tellige ce, we a e c eati g the i dust y’s fi st AI platfo m that u ifies eal-wo ld evide ce with vi tual evide ce. This will help custome s accele ate i ovatio , st e gthe complia ce, a d b i g mo e effective the apies to patie ts faste . Togethe , we a e u iquely positio ed to lead the digital t a sfo matio of Life Scie ces.
As AI is becomi g the ew i te face to i dust y, ou
(ope ati g ma gi , ope ati g cash flow a d diluted EPS (“EPS”) g owth ates i co sta t cu e cies, data o a o -IFRS basis, ope ati g cash flow i IFRS,data fo the seco d qua te , u less othe wise oted)
“Good Q2 pe fo ma ce keeps us fi mly o t ack fo the full yea . We’ e ot just executi g o ou objectives, we a e t a sfo mi g the compa y, lau chi g ew catego ies of AI solutio s, all while imp ovi g cash flow a d ma gi . This is g owth a d discipli e togethe .
Ou key g owth d ive s accele ated –
Ou busi ess model t a sitio co ti ues to p og ess with ARR i c easi g 6%3 d ive by double-digit g owth subsc iptio ARR a d Life Scie ces co t ibutio begi i g to amp.
Ope atio ally, we expa ded ou ope ati g ma gi to 30.0%, eflecti g focused p oductivity gai s, a d EPS was up 8%. I the fi st half, we ge e ated €1.24 billio i ope ati g cash flow up 11%, imp ovi g ou cash co ve sio compa ed to last yea .
Tu i g to capital allocatio , the acquisitio of A isGlobal ep ese ts a a e st ategic oppo tu ity to expa d ou leade ship i Life Scie ces, while p ese vi g the ecessa y capacity fo futu e i vestme ts. We expect the t a sactio to be both eve ue g owth a d EPS acc etive i the fi st yea post-close.
As we look ahead, we co fi m ou 2026 outlook.”
| I millio s of Eu os,except pe sha e data a d pe ce tages | Total Reve ue | 1,555.8 | 1,521.6 | 2% | 4% | 3,065.0 | 3,094.6 | (1)% | 4% | Softwa e Reve ue | 1,400.6 | 1,372.7 | 2% | 4% | 2,775.5 | 2,805.4 | (1)% | 3% | Ope ati g Ma gi | 23.0% | 15.9% | +7.1pts | 23.0% | 17.6% | +5.4pts | Diluted EPS | 0.22 | 0.17 | 33% | 0.44 | 0.37 | 22% |
| I millio s of Eu os,except pe sha e data a d pe ce tages | Total Reve ue | 1,555.8 | 1,523.2 | 2% | 4% | 3,065.5 | 3,096.2 | (1%) | 3% | Softwa e Reve ue | 1,400.7 | 1,374.2 | 2% | 4% | 2,776.0 | 2,807.0 | (1%) | 3% | Ope ati g Ma gi | 30.0% | 29.3% | +0.7pt | 30.1% | 30.1% | +0.0pt | Diluted EPS | 0.31 | 0.30 | 5% | 8% | 0.61 | 0.61 | (1)% | 6% |
(u audited, IFRS a d o -IFRS u less othe wise oted,all eve ue g owth ates i co sta t cu e cies)
Total Reve ue: Total eve ue i the seco d qua te g ew 4% to €1.56 billio , a d softwa e eve ue ose 4% to €1.40 billio . Subsc iptio & suppo t eve ue ose 5%; ecu i g eve ue ep ese ted 81% of softwa e eve ue. Lice ses a d othe softwa e eve ue we e up 1% to €272 millio . Se vices eve ue i c eased 6% to €155 millio .ARR : I the seco d qua te , ARR g ew 6% yea -ove -yea to each €4.44 billio o a co sta t cu e cy basis4, eflecti g the co ti ued st e gthe i g of ou busi ess model.Softwa e Reve ue by Geog aphy: The Ame icas eve ue i c eased 5%, d ive by Ma ufactu i g I dust ies, i pa ticula Home & Lifestyle, High-Tech a d I dust ial Equipme t. The Ame icas ep ese ted 37% of softwa e eve ue.
Eu ope (38% of softwa e eve ue) was flat afte st o g g owth i Q1, o weak ess i the Automotive secto i Mai la d Eu ope, pa tially offset by double-digit g owth i No the Eu ope. E e gy, I dust ial Equipme t a d Ae ospace & Defe se showed healthy g owth.
Asia (25% of softwa e eve ue) was up 8%, delive i g a excelle t qua te pa ticula ly i I dia, Ko ea a d Japa . I Chi a, eve ue was lowe , with pipeli e imp ovi g. T a spo tatio & Mobility a d High-Tech saw a st o g mome tum.
Softwa e Reve ue by P oduct Li e: I dust ial I ovatio softwa e eve ue was up 5% to €768 millio . This solid pe fo ma ce was led by st o g g owth i3D EXPERIENCE a d Cloud with CATIA, ENOVIA a d DELMIA d ivi g the mome tum.
Mai st eam I ovatio softwa e eve ue i c eased by 8% to €380 millio . SOLIDWORKS co ti ued its b oad-based mome tum ac oss geog aphies, with u it g owth up double digits. CENTRIC delive ed a excelle t pe fo ma ce i Q2, highlighted by seve al sig ifica t competitive wi s.Life Scie ces & Healthca e softwa e eve ue was dow 4% to €252 millio . MEDIDATA eve ue dec eased by 3%. MEDIDATA be efited f om solid booki gs i the fi st half, d ivi g positive g owth i ARR as of Q2.
Softwa e Reve ue by I dust y: T a spo tatio & Mobility, Ae ospace & Defe se, Home & Lifestyle a d I dust ial Equipme t we e the mai co t ibuto s to g owth this qua te .Key St ategic D ive s: 3D EXPERIENCE softwa e eve ue i c eased 14% a d ep ese ted 43% of3D EXPERIENCE Eligible softwa e eve ue, compa ed to 41% last yea . Cloud softwa e eve ue g ew 14%, ep ese ti g 28% of softwa e eve ue du i g the pe iod.
This pe fo ma ce u de sco es the good t actio with custome s adopti g a d expa di g to the
Ope ati g I come a d Ma gi : IFRS ope ati g i come i c eased 48% to €358 millio , as epo ted, with lowe sha e-based compe satio a d elated social cha ges. No -IFRS ope ati g i come i c eased 5% to €467 millio , as epo ted, a d i c eased 7% i co sta t cu e cies. The IFRS ope ati g ma gi stood at 23.0% compa ed to 15.9% i the seco d qua te of 2025. The o -IFRS ope ati g ma gi totaled 30.0%, ve sus 29.3% i the same pe iod of last yea .Diluted Ea i gs pe Sha e : IFRS diluted EPS was €0.22, i c easi g 33% as epo ted. No -IFRS diluted EPS g ew to €0.31, up 5% as epo ted a d up 8% i co sta t cu e cies.
(u audited, IFRS a d o -IFRS u less othe wise oted,all eve ue g owth ates i co sta t cu e cies)
Total Reve ue: I the fi st half, total eve ue g ew 3% i o -IFRS a d 4% i IFRS to €3.07 billio . Softwa e eve ue i c eased 3% to €2.78 billio . Subsc iptio a d suppo t eve ue ose 3% to €2.30 billio ; ecu i g eve ue ep ese ted 83% of total softwa e eve ue. Lice ses a d othe softwa e eve ue i c eased 4% to €472 millio . Se vices eve ue was up 5% to €290 millio .Softwa e Reve ue by Geog aphy: The Ame icas g ew by 2%, Eu ope i c eased by 3% a d Asia was up 6%, ep ese ti g espectively 39%, 38% a d 23% of softwa e eve ue.Softwa e Reve ue by P oduct Li e: I dust ial I ovatio softwa e eve ue ose 2% to €1.52 billio a d ep ese ted 55% of softwa e eve ue. ENOVIA was o e of the st o gest co t ibuto s to g owth.
Life Scie ces softwa e eve ue dec eased 3% to €511 millio , ep ese ti g 18% of softwa e eve ue.Mai st eam I ovatio softwa e eve ue i c eased by 11% to €747 millio . Mai st eam I ovatio ep ese ted 27% of softwa e eve ue.
Softwa e Reve ue by I dust y: Home & Lifestyle, T a spo tatio & Mobility a d I dust ial Equipme t we e amo g the st o gest co t ibuto s to g owth.Key St ategic D ive s: 3D EXPERIENCE softwa e eve ue i c eased by 10%, ep ese ti g 42% of3D EXPERIENCE Eligible softwa e eve ue. Cloud softwa e eve ue g ew 11% i o -IFRS, a d ep ese ted 27% of softwa e eve ue.3D EXPERIENCE Cloud softwa e eve ue i c eased 46% i co sta t cu e cies.Ope ati g I come a d Ma gi : IFRS ope ati g i come was up 29%, to €706 millio , as epo ted. No -IFRS ope ati g i come dec eased 1% to €924 millio , as epo ted, a d i c eased 5% i co sta t cu e cies. IFRS ope ati g ma gi totaled 23.0% compa ed to 17.6% fo the same pe iod i 2025, with lowe sha e-based compe satio a d elated social cha ges. No -IFRS ope ati g ma gi stood at 30.1% i the fi st half of 2026, stable compa ed to the same pe iod last yea .Diluted Ea i gs pe Sha e : IFRS diluted EPS was €0.44, a i c ease of 22% as epo ted. No -IFRS diluted EPS decli ed 1% to €0.61, as epo ted, a d i c eased by 6% i co sta t cu e cies.Cash Flow f om Ope atio s (IFRS): I the fi st half, cash flow f om ope atio s was up 11% i co sta t cu e cies to €1.24 billio , compa ed to €1.15 billio last yea . Cash flow f om ope atio s was suppo ted by st o g cash co ve sio , a d was p i cipally used fo divide d payme ts of €357 millio a d debt epayme t of €217 millio .Bala ce Sheet (IFRS): Dassault Systèmes’ et fi a cial positio totaled €2.28 billio as of Ju e 30, 2026, a i c ease of €0.75 billio , compa ed to €1.53 billio fo the yea e ded Decembe 31, 2025. Cash a d cash equivale ts totaled €5.66 billio i the fi st half, with Dassault Systèmes issui g a ew bo d o Ju e 2026 fo €1.00 billio .
Dassault Systèmes’ thi d qua te a d 2026 fi a cial objectives p ese ted below a e give o a o -IFRS basis a d eflect the p i cipal 2026 cu e cy excha ge ate assumptio s fo the US dolla a d Japa ese ye as well as the pote tial impact f om additio al o -Eu o cu e cies:
| Total Reve ue (billio ) | €1.497 – €1.537 | €6.296 – €6.416 | G owth | 2 – 5% | 1 – 3% | G owth ex FX | 3 – 5% | 3 – 5% | Softwa e eve ue g owth * | 3 – 5% | 3 – 5% | Se vices eve ue g owth * | 4 – 8% | 2 – 6% | Ope ati g Ma gi | 31.0% – 31.1% | 32.2% – 32.6% | Diluted EPS | €0.30 – €0.31 | €1.30 – €1.34 | G owth | 4 – 7% | (1) – 2% | G owth ex FX | 4 – 7% | 3 – 6% | US dolla | $1.18 pe Eu o | $1.17 pe Eu o | Japa ese ye (befo e hedgi g) | JPY 170.0 pe Eu o | JPY 177.1 pe Eu o | * G owth i Co sta t Cu e cies |
These objectives a e p epa ed a d commu icated o ly o a o -IFRS basis a d a e subject to the cautio a y stateme t set fo th below.
The 2026 o -IFRS fi a cial objectives set fo th above do ot take i to accou t the followi g accou ti g eleme ts below a d a e estimated based upo the 2026 p i cipal cu e cy excha ge ates above: co t act liabilities w ite-dow s was ot sig ifica t; sha e-based compe satio expe ses, i cludi g elated social cha ges, estimated at app oximately €115 millio (these estimates do ot i clude a y ew stock optio o sha e g a ts issued afte Ju e 30, 2026); amo tizatio of acqui ed i ta gibles a d of ta gibles eevaluatio , estimated at app oximately €315 millio , la gely impacted by the acquisitio of MEDIDATA; a d lease i ce tives of acqui ed compa ies at app oximately €1 millio .
The above objectives also do ot i clude a y impact f om othe ope ati g i come a d expe ses, et p i cipally comp ised of acquisitio , i teg atio , IT t a sfo matio p ojects a d est uctu i g expe ses, a d impai me t of goodwill a d acqui ed i ta gible assets; f om o e-time items i cluded i fi a cial eve ue; f om o e-time tax effects; a d f om the i come tax effects of these o -IFRS adjustme ts. Fi ally, these estimates do ot i clude a y ew acquisitio s o est uctu i g completed afte Ju e 30, 2026.
- July 23, 2026: Dassault Systèmes to acqui e A isGlobal, c eati g a u ified AI i tellige ce platfo m fo the Life Scie ces i dust y co ecti g molecule, patie t a d eal-wo ld outcomes a d
- July 23, 2026 : Dassault Systèmes Expa ds the
3D EXPERIENCE AI-Native Age tic Platfo m with New Vi tual Compa io Skills to Co-E gi ee with Huma s - July 23, 2026 : MEDIDATA Lau ches Medidata Plus, a AI Native Fou datio Built to Scale Cli ical Po tfolios
- July 23, 2026: Dassault Systèmes Sets New SBTi-Validated Net-Ze o Ta get
- Ju e 15, 2026: Dassault Systèmes Successfully Issues €1 Billio I Bo ds A d Refi a ces Its Revolvi g C edit Facility
- Ju e 10, 2026: CENTRIC Co fi med as Dassault Systèmes’ PLM Sta da d fo Co sume Goods & Retail
- Ju e 9, 2026: OUTSCALE St e gthe s its Sove eig Cloud a d AI Fou datio fo C itical O ga izatio s
- May 28, 2026: MEDIDATA’s Next-Ge AI Imagi g Solutio Delive s U p ecede ted Speed a d P ecisio fo Cli ical T ials
- Ap il 23, 2026: Wo ldwide Cli ical T ials a d MEDIDATA A ou ce St ategic Pa t e ship to Embed Medidata AI Ac oss the Full T ial Lifecycle, Bolste i g Study Executio a d Delive y Excelle ce
- Ap il 21, 2026: OMRON a d Dassault Systèmes Pa t e to Revolutio ize Ma ufactu i g with Vi tual a d Real I teg atio
- Ap il 14, 2026: G oupe Roche a d Dassault Systèmes Emba k o New Collabo atio to T a sfo m Natu al Cosmetics Fo mulatio Th ough Vi tual Twi Tech ology
- July 23, 2026 : Dassault Systèmes Expa ds the
Today, Thu sday, July 23, 2026, Dassault Systèmes will host i Pa is a webcasted p ese tatio at 9:00 AM Lo do Time / 10:00 AM Pa is time, a d will the host a co fe e ce call at 8:30 AM New Yo k time / 1:30 PM Lo do time / 2:30 PM Pa is time. The webcasted p ese tatio a d co fe e ce calls will be available o li e by accessi g i vesto .3ds.com.
Additio al i vesto i fo matio is available at i vesto .3ds.com o by calli g Dassault Systèmes’ I vesto Relatio s at +33.1.61.62.69.24.
- Thi d Qua te 2026 Ea i gs Release: Octobe 28, 2026
- Capital Ma kets Day: Novembe 17, 2026
- Fou th Qua te 2026 Ea i gs Release: Feb ua y 3, 2027
- Fi st Qua te 2027 Ea i gs Release: Ap il 28, 2027
Stateme ts he ei that a e ot histo ical facts but exp ess expectatio s o objectives fo the futu e, i cludi g but ot limited to stateme ts ega di g the G oup’s o -IFRS fi a cial pe fo ma ce objectives a e fo wa d-looki g stateme ts. Such fo wa d-looki g stateme ts a e based o Dassault Systèmes ma ageme t’s cu e t views a d assumptio s a d i volve k ow a d u k ow isks a d u ce tai ties. Actual esults o pe fo ma ces may diffe mate ially f om those i such stateme ts due to a a ge of facto s.
The G oup’s actual esults o pe fo ma ce may be mate ially egatively affected by ume ous isks a d u ce tai ties, as desc ibed i the “Risk Facto s” sectio 1.9 of the 2025 U ive sal Regist atio Docume t (‘Docume t d’e egist eme t u ive sel’) filed with the AMF (F e ch Fi a cial Ma kets Autho ity) o Ma ch 31, 2026, available o the G oup’s website www.3ds.com.
I pa ticula , please efe to the isk facto “U ce tai Global E vi o me t” i sectio 1.9.1.1 of the 2025 U ive sal Regist atio Docume t set out below fo ease of efe e ce:
“I light of the u ce tai ties ega di g eco omic, busi ess, social, health a d geopolitical co ditio s at the global level, Dassault Systèmes’ eve ue, et ea i gs a d cash flows may g ow mo e slowly, whethe o a a ual o qua te ly basis, mai ly due to the followi g facto s:
- the deployme t of Dassault Systèmes’ solutio s may ep ese t a la ge po tio of a custome ’s i vestme ts i softwa e tech ology. Decisio s to make such a i vestme t a e impacted by the eco omic e vi o me t i which the custome s ope ate. U ce tai global geopolitical, eco omic a d health co ditio s a d the lack of visibility o the lack of fi a cial esou ces may cause some custome s, e.g. withi the automotive, ae ospace, e e gy o atu al esou ces i dust ies, to educe, postpo e o ca cel thei i vestme ts, o to educe o ot e ew o goi g paid mai te a ce fo thei i stalled base, which impact la ge custome s’ eve ue with thei espective sub-co t acto s;
- the geopolitical, eco omic a d mo eta y situatio i ce tai geog aphic egio s whe e Dassault Systèmes ope ates could become mo e volatile a d egatively affect Dassault Systèmes’ busi ess, a d i pa ticula its eve ue, fo example due to st icte expo t complia ce ules, o the impleme tatio of ew customs ba ie s o co t ols o the excha ge of goods a d se vices;
- co ti ued i flatio a y p essu e o volatility o aw mate ials, compute ha dwa e a d e e gy p ices could also slow dow Dassault Systèmes’ dive sificatio effo ts i ew i dust ies o egatively affect its fi a cial health; a d
- the sales cycles of Dassault Systèmes’ p oducts, which a e elatively lo g due to the st ategic atu e of such i vestme ts fo custome s, could fu the le gthe .
Te sio s, pa ticula ly geopolitical, eco omic, fi a cial o customs te sio s, a d the occu e ce of c ises could adve sely impact the fi a cial situatio o fi a ci g a d supply capabilities of Dassault Systèmes’ existi g a d pote tial custome s, comme cial a d tech ology pa t e s, some of whom may be fo ced to tempo a ily close sites o to cease ope atio s. Ce tai c ises – health a d geopolitical c ises i pa ticula – could also have co seque ces both fo the health a d safety of Dassault Systèmes’ employees a d fo the Compa y. A dete io ati g eco omic e vi o me t, such as deflatio a y p essu e i Asia, could ge e ate i c eased p ice p essu e a d affect the collectio of eceivables, which would egatively affect Dassault Systèmes’ eve ue, fi a cial pe fo ma ce a d ma ket positio . Dassault Systèmes makes eve y effo t to take i to co side atio this u ce tai outlook. Dassault Systèmes’ busi ess esults, howeve , may ot develop as a ticipated. Fu the mo e, due to facto s affecti g sales of Dassault Systèmes’ p oducts a d se vices, the e may be a substa tial time lag betwee a imp oveme t i global eco omic a d busi ess co ditio s a d a upswi g i the Compa y’s busi ess esults.”
I p epa i g such fo wa d-looki g stateme ts, the G oup has i pa ticula assumed a ave age US dolla to eu o excha ge ate of US$1.18 pe €1.00 as well as a ave age Japa ese ye to eu o excha ge ate of JPY170.0 to €1.00, befo e hedgi g fo the thi d qua te 2026. The G oup has assumed a ave age US dolla to eu o excha ge ate of US$1.17 pe €1.00 as well as a ave age Japa ese ye to eu o excha ge ate of JPY177.1 to €1.00, befo e hedgi g fo the full yea 2026. Howeve , cu e cy values fluctuate, a d the G oup’s esults may be sig ifica tly affected by cha ges i excha ge ates.
Reade s a e cautio ed that the suppleme tal o -IFRS fi a cial i fo matio p ese ted i this p ess elease is subject to i he e t limitatio s. It is ot based o a y comp ehe sive set of accou ti g ules o p i ciples a d should ot be co side ed i isolatio f om o as a substitute fo IFRS measu eme ts. The suppleme tal o -IFRS fi a cial i fo matio should be ead o ly i co ju ctio with the Compa y’s co solidated fi a cial stateme ts p epa ed i acco da ce with IFRS. Fu the mo e, the G oup’s suppleme tal o -IFRS fi a cial i fo matio may ot be compa able to simila ly titled “ o -IFRS” measu es used by othe compa ies. Specific limitatio s fo i dividual o -IFRS measu es a e set fo th i the Compa y’s 2025 U ive sal Regist atio Docume t filed with the AMF o Ma ch 31, 2026.
I the tables accompa yi g this p ess elease the G oup sets fo th its suppleme tal o -IFRS figu es fo eve ue, ope ati g i come, ope ati g ma gi , et i come a d diluted ea i gs pe sha e, which exclude the effect of adjusti g the ca yi g value of acqui ed compa ies’ defe ed eve ue, sha e-based compe satio expe se a d elated social cha ges, the amo tizatio of acqui ed i ta gible assets a d of ta gibles eevaluatio , ce tai othe ope ati g i come a d expe se, et, i cludi g impai me t of goodwill a d acqui ed i ta gibles, acquisitio , i teg atio , IT t a sfo matio p ojects a d est uctu i g expe ses, the effect of adjusti g lease i ce tives of acqui ed compa ies, ce tai o e-time items i cluded i fi a cial eve ue a d othe , et, a d the i come tax effect of the o -IFRS adjustme ts a d ce tai o e-time tax effects. The tables also set fo th the most compa able IFRS fi a cial measu e a d eco ciliatio s of this i fo matio with o -IFRS i fo matio .
Dassault Systèmes is a catalyst fo huma p og ess. Si ce 1981, the compa y has pio ee ed vi tual wo lds to imp ove eal life fo co sume s, patie ts a d citize s. Th ough the
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Due to ou di g, umbe s p ese ted th oughout this a d othe docume ts may ot add up p ecisely to the totals p ovided a d pe ce tages may ot p ecisely eflect the absolute figu es.
Glossa y of Defi itio s
No -IFRS Fi a cial I fo matio
Acquisitio s a d Fo eig Excha ge Impact
Co de sed co solidated stateme ts of i come
Co de sed co solidated bala ce sheet
Co de sed co solidated cash flow stateme t
IFRS – o -IFRS eco ciliatio
Dassault Systèmes has followed a lo g-sta di g policy of measu i g its eve ue pe fo ma ce a d setti g its eve ue objectives i co sta t cu e cies i o de to measu e i a t a spa e t ma e the u de lyi g level of imp oveme t i its total eve ue a d softwa e eve ue by activity, i dust y, geog aphy a d p oduct li es. The G oup believes it is helpful to evaluate its g owth exclusive of cu e cy impacts, pa ticula ly to help u de sta d eve ue t e ds i its busi ess. The efo e, the G oup p ovides pe ce tage i c eases o dec eases i its eve ue a d expe ses (i both IFRS a d o -IFRS) to elimi ate the effect of cha ges i cu e cy values, pa ticula ly the U.S. dolla a d the Japa ese ye , elative to the eu o. Whe t e d i fo matio is exp essed “i co sta t cu e cies”, the esults of the “p io ” pe iod have fi st bee ecalculated usi g the ave age excha ge ates of the compa able pe iod i the cu e t yea , a d the compa ed with the esults of the compa able pe iod i the cu e t yea .
While co sta t cu e cy calculatio s a e ot co side ed to be a IFRS measu e, the G oup believes these measu es a e c itical to u de sta di g its global eve ue esults a d to compa e with ma y of its competito s who epo t thei fi a cial esults i U.S. dolla s. The efo e, Dassault Systèmes i cludes this calculatio to compa e IFRS a d o -IFRS eve ue figu es fo compa able pe iods. All i fo matio at co sta t cu e cies is exp essed as a ou ded pe ce tage a d the efo e may ot p ecisely eflect the absolute figu es.
I additio to fi a cial i dicato s elati g to the G oup’s e ti e scope, Dassault Systèmes also p ovides g owth i fo matio excludi g acquisitio s’ effects, a d amed o ga ic g owth. To do so, the G oup’s data is estated to exclude acquisitio s, f om the date of the t a sactio , ove a pe iod of 12 mo ths.
Dassault Systèmes p ovides e d-to-e d softwa e solutio s a d se vices: its AI ative 3D UNIV+RSES – made of multiple vi tual twi expe ie ces that a e powe ed by the
These th ee secto s comp ise twelve i dust ies:
- Ma ufactu i g I dust ies: T a spo tatio & Mobility; Ae ospace & Defe se; Ma i e & Offsho e; I dust ial Equipme t; High-Tech; Home & Lifestyle; Co sume Packaged Goods – Retail. I Ma ufactu i g I dust ies, Dassault Systèmes helps custome s vi tualize thei ope atio s, imp ove data sha i g a d collabo atio ac oss thei o ga izatio , educe costs a d time-to-ma ket, a d become mo e sustai able;
- Life Scie ces & Healthca e: Life Scie ces & Healthca e. I this secto , the G oup aims to add ess the e ti e cycle of the patie t’s jou ey a d lead the way towa d p ecisio medici e. To each the b oade healthca e ecosystem f om esea ch to comme cializatio , the G oup’s solutio s co ect all eleme ts f om molecule developme t to p eve tio a d ca e, a d combi e ew the apeutics, medical p actices, as well as Medtech;
- I f ast uctu e & Cities: I f ast uctu e, E e gy & Mate ials; A chitectu e, E gi ee i g & Co st uctio ; Busi ess Se vices; Cities & Public Se vices. I this secto , the G oup suppo ts the vi tualizatio of i f ast uctu e a d cities, maki g its i dust ies mo e efficie t a d sustai able, a d c eati g desi able livi g e vi o me ts.
The G oup’s fi a cial epo ti g o p oduct li es i cludes the followi g i fo matio :
- I dust ial I ovatio softwa e eve ue, which i cludes mai ly CATIA, ENOVIA, SIMULIA, DELMIA a d GEOVIA b a ds;
- Life Scie ces softwa e eve ue, which i cludes MEDIDATA a d BIOVIA b a ds;
- Mai st eam I ovatio softwa e eve ue which i cludes its CENTRIC a d 3DVIA b a ds, as well as the SOLIDWORKS b a d a d its expa ded offe i gs i desig , simulatio , PLM, a d ma ufactu i g.
OUTSCALE has bee a Dassault Systèmes b a d si ce 2022, exte di g the po tfolio of softwa e applicatio s. As the fi st sove eig a d sustai able ope ato o the cloud, OUTSCALE e ables gove me ts a d co po atio s f om all secto s to achieve digital auto omy th ough a Cloud expe ie ce a d with a wo ld-class cybe gove a ce.
Eleve GEOs a e espo sible fo d ivi g the developme t of the Compa y’s busi ess a d impleme ti g its custome -ce t ic e gageme t model. Teams leve age st o g etwo ks of local custome s, use s, pa t e s, a d i flue ce s.
These GEOs a e st uctu ed i to th ee g oups:
- the “Ame icas” g oup, made of two GEOs;
- the “Eu ope” g oup, comp isi g Eu ope, Middle East a d Af ica (EMEA) a d made of fou GEOs;
- the “Asia” g oup, comp isi g Asia a d Ocea ia a d made of five GEOs.
To measu e the elative sha e of
Softwa e lice se eve ue ep ese ts fees ea ed f om g a ti g custome s lice ses to use Dassault Systèmes’ softwa e. It i cludes lice se eve ue of pe petual a d pe iodic lice se sales of softwa e p oducts.
Subsc iptio co t acts ge e ally have a te m of betwee o e a d five yea s, a d i clude o p emise softwa e lice se a d suppo t.Subsc iptio eve ue also i cludes Cloud eve ue. Cloud eve ue is ge e ated f om co t acts that p ovide access to cloud-based solutio s (SaaS), i f ast uctu e as a se vice (IaaS), cloud solutio developme t a d cloud ma aged se vices.Subsc iptio eve ue is also de ived f om cloud co t acts a d hyb id o -p emise a d cloud co t acts. It also i cludes subsc iptio e ewals of o -p emise lice ses sig ed with hyb id o -p emise a d cloud deals.
Suppo t eve ue ep ese ts pe iodic fees associated with the sale of u specified p oduct updates o a whe -a d-if- available basis a d tech ical suppo t. Suppo t ag eeme ts a e e te ed i to i co ectio with the i itial softwa e lice se pu chase. Suppo t may be e ewed by the custome at the co clusio of each te m.
Recu i g fees fo subsc iptio a d suppo t a e epo ted withi “Softwa e Reve ue”.
ARR is the a ual value of all active subsc iptio softwa e, SaaS, hosti g & suppo t co t acts as of the e d of the epo ti g pe iod.
- The value of active co t acts is a ualized by dividi g the total active co t act value by the co t act du atio i days (e d date mi us sta t date), the multiplyi g the esult by 360 days.
- The value of a active co t act efe s to co t act value fo which o de s have bee submitted.
- Fo co t acts that i clude a ual values that cha ge ove time, we i clude i ARR o ly the a ual value of compo e ts of the co t act that a e co side ed active as of the date of the ARR calculatio .
- A co t act o a compo e t of the co t act is co side ed active o ly betwee the co t actual sta t a d e d dates.
- Fo amp co t acts, o ly the po tio whe e the custome has al eady submitted a o de is i cluded. Futu e amped amou ts a e excluded u til they a e activated.
- Fo MEDIDATA “Study by Study” co t acts that a e ot co t actually e ewable, o ly the co t actually committed po tio is cou ted i the G oup ARR.
- No assumptio s a e take ega di g futu e custome e ewals o futu e committed i c eases.
ARR is composed of 2 eleme ts: subsc iptio a ual u ate (SARR) a d mai te a ce a ual u ate (MARR).
We believe ARR is a valuable ope ati g measu e to assess the health of ou ecu i g busi ess because it is alig ed with the amou t that we i voice the custome o a a ual basis. We ge e ally i voice custome s a ually fo the cu e t yea of the active co t act.
ARR i c eases by the a ual value of active co t acts that comme ce i a epo ti g pe iod a d dec eases by the a ual value of co t acts that expi e i the epo ti g pe iod.
ARR is ot a ual ecu i g eve ue, a d is the efo e ot affected by eve ue ecog itio sta da ds, i cludi g poi t i time eve ue ecog itio of o -p emise lice se subsc iptio s.
(u audited; i millio s of Eu os, except pe sha e data, pe ce tages, headcou t a d excha ge ates)
No -IFRS key figu es exclude the effects of adjusti g the ca yi g value of acqui ed compa ies’ co t act liabilities (defe ed eve ue), sha e-based compe satio expe se, i cludi g elated social cha ges, amo tizatio of acqui ed i ta gible assets a d of ta gible assets evaluatio , lease i ce tives of acqui ed compa ies, othe ope ati g i come a d expe se, et, i cludi g the acquisitio , i teg atio , i fo matio systems t a sfo matio p ojects a d est uctu i g expe ses, a d impai me t of goodwill a d acqui ed i ta gible assets, ce tai o e-time items i cluded i fi a cial loss, et, ce tai o e-time tax effects a d the i come tax effects of these o -IFRS adjustme ts.
Compa able IFRS fi a cial i fo matio a d a eco ciliatio of the IFRS a d o -IFRS measu es a e set fo th i the sepa ate tables withi this Attachme t.
| I millio s of Eu os, except pe sha e data, pe ce tages, headcou t a d excha ge ates | Softwa e eve ue | 1,400.7 | 1,374.2 | 2% | 4% | 2,776.0 | 2,807.0 | (1)% | 3% | Of which lice ses a d othe softwa e eve ue | 271.7 | 275.6 | (1)% | 1% | 471.8 | 473.7 | (0)% | 4% | Of which subsc iptio a d suppo t eve ue | 1,128.9 | 1,098.6 | 3% | 5% | 2,304.2 | 2,333.2 | (1)% | 3% | Se vices eve ue | 155.2 | 148.9 | 4% | 6% | 289.5 | 289.2 | 0% | 5% | I dust ial I ovatio | 768.0 | 744.6 | 3% | 5% | 1,517.6 | 1,537.7 | (1)% | 2% | Life Scie ces | 252.2 | 268.3 | (6)% | (4)% | 511.0 | 560.9 | (9)% | (3)% | Mai st eam I ovatio | 380.5 | 361.3 | 5% | 8% | 747.4 | 708.3 | 6% | 11% | Ame icas | 524.0 | 505.0 | 4% | 5% | 1,070.8 | 1,116.2 | (4)% | 2% | Eu ope | 529.9 | 534.8 | (1)% | (0)% | 1,068.1 | 1,048.0 | 2% | 3% | Asia | 346.8 | 334.4 | 4% | 8% | 637.1 | 642.8 | (1)% | 6% | Ave age Rate USD pe Eu o | 1.16 | 1.13 | 3% | 1.17 | 1.09 | 7% | Ave age Rate JPY pe Eu o | 185.34 | 163.81 | 13% | 184.46 | 162.12 | 14% |
(u audited; i millio s of Eu os)
| I millio s of Eu os | Reve ue QTD | 1,555.8 | 1,523.2 | 32.7 | 60.8 | 0.6 | (28.7) | Reve ue YTD | 3,065.5 | 3,096.2 | (30.7) | 102.4 | 0.6 | (133.7) |
(u audited; i millio s of Eu os, except pe sha e data a d pe ce tages)
| I millio s of Eu os, except pe sha e data a d pe ce tages | Lice ses a d othe softwa e eve ue | 271.7 | 275.6 | 471.8 | 473.7 | Subsc iptio a d Suppo t eve ue | 1,128.9 | 1,097.1 | 2,303.7 | 2,331.7 | Softwa e eve ue | 1,400.6 | 1,372.7 | 2,775.5 | 2,805.4 | Se vices eve ue | 155.2 | 148.9 | 289.5 | 289.2 | Cost of softwa e eve ue (1) | (106.7) | (120.1) | (221.3) | (249.3) | Cost of se vices eve ue | (140.9) | (144.6) | (267.4) | (275.7) | Resea ch a d developme t expe ses | (333.1) | (348.7) | (651.8) | (697.3) | Ma keti g a d sales expe ses | (420.9) | (448.0) | (838.0) | (894.5) | Ge e al a d admi ist ative expe ses | (103.8) | (123.7) | (203.2) | (244.2) | Amo tizatio of acqui ed i ta gible assets a d of ta gible assets evaluatio | (80.6) | (85.4) | (160.6) | (173.8) | Othe ope ati g i come a d expe se, et | (11.5) | (9.3) | (16.7) | (13.7) | Total Ope ati g Expe ses | (1,197.5) | (1,279.9) | (2,359.1) | (2,548.4) | Fi a cial i come (loss), et | 24.1 | 29.9 | 46.3 | 60.2 | I come tax expe se | (63.1) | (53.0) | (140.4) | (128.4) | No -co t olli g i te est | 0.0 | 4.9 | 0.0 | 6.1 | Basic ea i gs pe sha e | 0.24 | 0.17 | 0.46 | 0.37 | Basic weighted ave age sha es outsta di g (i millio s) | 1,320.6 | 1,315.9 | 1,320.6 | 1,314.9 | Diluted weighted ave age sha es outsta di g (i millio s) | 1,325.3 | 1,324.4 | 1,326.1 | 1,325.7 |
(1) Excludi g amo tizatio of acqui ed i ta gible assets a d of ta gible assets evaluatio .
| IFRS epo ted | 2% | 4% | (1)% | 4% | Softwa e eve ue | 2% | 4% | (1)% | 3% | Se vices eve ue | 4% | 6% | 0% | 5% | I dust ial I ovatio | 3% | 5% | (1)% | 2% | Life Scie ces | (6)% | (4)% | (9)% | (3)% | Mai st eam I ovatio | 6% | 8% | 6% | 11% | Ame icas | 4% | 6% | (4)% | 2% | Eu ope | (1)% | (0)% | 2% | 3% | Asia | 4% | 8% | (1)% | 6% |
(2) Va iatio compa ed to the same pe iod i the p io yea .
(u audited; i millio s of Eu os)
| I millio s of Eu os | Cash a d cash equivale ts | 5,660.1 | 4,125.4 | T ade accou ts eceivable, et | 1,801.5 | 2,168.4 | Co t act assets | 53.3 | 37.3 | Othe cu e t assets | 392.6 | 454.4 | P ope ty a d equipme t, et | 952.1 | 944.8 | Goodwill a d I ta gible assets, et | 6,887.0 | 6,868.8 | Othe o -cu e t assets | 571.1 | 460.4 | T ade accou ts payable | 241.8 | 253.0 | Co t act liabilities | 1,642.7 | 1,536.0 | Bo owi gs, cu e t | 1,237.5 | 1,449.5 | Othe cu e t liabilities | 854.4 | 990.9 | Bo owi gs, o -cu e t | 2,140.2 | 1,145.8 | Othe o -cu e t liabilities | 878.0 | 886.4 | No -co t olli g i te ests | 5.4 | 5.4 | Pa e t sha eholde s’ equity | 9,317.8 | 8,792.5 |
(u audited; i millio s of Eu os)
| I millio s of Eu os | Net i come att ibutable to equity holde s of the pa e t | 319.3 | 223.5 | 95.8 | 611.8 | 484.0 | 127.8 | No -co t olli g i te est | (0.0) | (4.9) | 4.9 | (0.0) | (6.1) | 6.1 | Net i come | 319.3 | 218.6 | 100.7 | 611.8 | 477.9 | 133.9 | Dep eciatio of p ope ty a d equipme t | 52.4 | 48.5 | 3.9 | 104.7 | 98.9 | 5.8 | Amo tizatio of i ta gible assets | 81.6 | 86.2 | (4.6) | 162.7 | 175.9 | (13.2) | Adjustme ts fo othe o -cash items | 3.3 | 20.5 | (17.1) | (4.6) | 36.6 | (41.3) | Cha ges i wo ki g capital | (168.3) | (39.4) | (128.9) | 362.6 | 358.0 | 4.6 | Additio s to p ope ty, equipme t a d i ta gibles assets | (40.6) | (39.3) | (1.3) | (64.3) | (95.3) | 31.0 | Payme t fo acquisitio of busi esses, et of cash acqui ed | (2.6) | (9.2) | 6.6 | (13.9) | (202.9) | 189.0 | Othe | (2.9) | 3.2 | (6.1) | (12.9) | (34.6) | 21.7 | P oceeds f om exe cise of stock optio s | 14.1 | 7.4 | 6.6 | 15.1 | 29.6 | (14.5) | Cash divide ds paid | (357.5) | (342.6) | (14.9) | (357.5) | (342.6) | (14.9) | Repu chase a d sale of t easu y stock | 4.4 | (144.7) | 149.2 | (59.9) | (224.8) | 164.9 | Capital i c ease | (0.0) | 111.3 | (111.3) | – | 111.3 | (111.3) | Acquisitio of o -co t olli g i te ests | – | 0.0 | (0.0) | – | (0.2) | 0.2 | P oceeds f om bo owi gs | 997.3 | 121.3 | 876.0 | 997.3 | 81.0 | 916.3 | Repayme t of bo owi gs | (99.2) | – | (99.2) | (217.0) | (18.5) | (198.5) | Repayme t of lease liabilities | (33.7) | (22.7) | (10.9) | (60.2) | (45.4) | (14.8) |
Reade s a e cautio ed that the suppleme tal o -IFRS i fo matio p ese ted i this p ess elease is subject to i he e t limitatio s. It is ot based o a y comp ehe sive set of accou ti g ules o p i ciples a d should ot be co side ed as a substitute fo IFRS measu eme ts. Also, the G oup’s suppleme tal o -IFRS fi a cial i fo matio may ot be compa able to simila ly titled “ o -IFRS” measu es used by othe compa ies. Fu the specific limitatio s fo i dividual o -IFRS measu es, a d the easo s fo p ese ti g o -IFRS fi a cial i fo matio , a e set fo th i the G oup’s Docume t d’E egist eme t U ive sel fo the yea e ded Decembe 31, 2025 filed with the AMF o Ma ch 31, 2026. To compe sate fo these limitatio s, the suppleme tal o -IFRS fi a cial i fo matio should be ead ot i isolatio , but o ly i co ju ctio with the G oup’s co solidated fi a cial stateme ts p epa ed i acco da ce with IFRS.
| I millio s of Eu os, except pe sha e data a d pe ce tages | Softwa e eve ue | 1,400.6 | 0.1 | 1,400.7 | 1,372.7 | 1.6 | 1,374.2 | 2% | 2% | Lice ses a d othe softwa e eve ue | 271.7 | – | 271.7 | 275.6 | – | 275.6 | (1)% | (1)% | Subsc iptio a d Suppo t eve ue | 1,128.9 | 0.1 | 1,128.9 | 1,097.1 | 1.6 | 1,098.6 | 3% | 3% | Recu i g po tio of Softwa e eve ue | 81% | 81% | 80% | 80% | Se vices eve ue | 155.2 | – | 155.2 | 148.9 | – | 148.9 | 4% | 4% | I dust ial I ovatio | 768.0 | – | 768.0 | 744.6 | – | 744.6 | 3% | 3% | Life Scie ces | 252.2 | – | 252.2 | 268.3 | – | 268.3 | (6)% | (6)% | Mai st eam I ovatio | 380.4 | 0.1 | 380.5 | 359.7 | 1.6 | 361.3 | 6% | 5% | Ame icas | 524.0 | – | 524.0 | 505.0 | – | 505.0 | 4% | 4% | Eu ope | 529.9 | – | 529.9 | 533.4 | 1.4 | 534.8 | (1)% | (1)% | Asia | 346.8 | – | 346.8 | 334.3 | 0.1 | 334.4 | 4% | 4% | Sha e-based compe satio expe se a d elated social cha ges | (15.8) | 15.8 | – | (107.7) | 107.7 | – | Amo tizatio of acqui ed i ta gible assets a d of ta gible assets evaluatio | (80.6) | 80.6 | – | (85.4) | 85.4 | – | Lease i ce tives of acqui ed compa ies | (0.4) | 0.4 | – | (0.4) | 0.4 | – | Othe ope ati g i come a d expe se, et | (11.5) | 11.5 | – | (9.3) | 9.3 | – | Fi a cial i come (loss), et | 24.1 | 1.1 | 25.2 | 29.9 | 0.6 | 30.4 | (19)% | (17)% | I come tax expe se | (63.1) | (19.3) | (82.4) | (53.0) | (32.8) | (85.7) | 19% | (4)% | No -co t olli g i te est | 0.0 | 0.0 | 0.0 | 4.9 | (4.7) | 0.3 | (100)% | (88)% |
(1) I the eco ciliatio schedule above, (i) all adjustme ts to IFRS eve ue data eflect the exclusio of the defe ed eve ue adjustme t of acqui ed compa ies; (ii) adjustme ts to IFRS ope ati g expe se data eflect the exclusio of the amo tizatio of acqui ed i ta gibles assets a d of ta gible assets evaluatio , sha e-based compe satio expe se, a d elated social cha ges, the effect of adjusti g the lease i ce tives of acqui ed compa ies, as detailed below, a d othe ope ati g i come a d expe se, et i cludi g acquisitio , i teg atio , i fo matio systems t a sfo matio p ojects a d est uctu i g expe ses, a d impai me t of goodwill a d acqui ed i ta gible assets; (iii) adjustme ts to IFRS fi a cial i come, et eflect the exclusio of ce tai o e-time items, et, a d; (iv) all adjustme ts to IFRS et i come data eflect the combi ed effect of these adjustme ts, a d with espect to et i come a d diluted et i come pe sha e, ce tai o e-time tax effects a d the i come tax effect of the o -IFRS adjustme ts.
| I millio s of Eu os, except pe ce tages | Cost of eve ue | (247.6) | (0.5) | 0.1 | (247.9) | (264.7) | 13.9 | 0.1 | (250.7) | (6)% | (1)% | Resea ch a d developme t expe ses | (333.1) | 10.2 | 0.1 | (322.8) | (348.7) | 28.9 | 0.1 | (319.7) | (4)% | 1% | Ma keti g a d sales expe ses | (420.9) | 5.8 | 0.1 | (415.0) | (448.0) | 39.7 | 0.1 | (408.2) | (6)% | 2% | Ge e al a d admi ist ative expe ses | (103.8) | 0.3 | 0.0 | (103.5) | (123.7) | 25.2 | 0.0 | (98.5) | (16)% | 5% |
(2) The o -IFRS pe ce tage i c ease (dec ease) compa es o -IFRS measu es fo the two diffe e t pe iods. I the eve t the e is o -IFRS adjustme t to the eleva t measu e fo o ly o e of the pe iods u de compa iso , the o -IFRS i c ease (dec ease) compa es the o -IFRS measu e to the eleva t IFRS measu e.(3) Based o a weighted ave age 1,325.3 millio diluted sha es fo Q2 2026 a d 1,324.4 millio diluted sha es fo Q2 2025, a d, fo IFRS o ly, a diluted et i come att ibutable to the sha eholde s of € 297.1 millio fo Q2 2026 (€ 223.5 millio fo Q2 2025). The Diluted et i come att ibutable to equity holde s of the G oup co espo ds to the Net I come att ibutable to equity holde s of the G oup adjusted by the impact of the sha e-based compe satio pla s to be settled eithe i cash o i sha es at the optio of the G oup.
Reade s a e cautio ed that the suppleme tal o -IFRS i fo matio p ese ted i this p ess elease is subject to i he e t limitatio s. It is ot based o a y comp ehe sive set of accou ti g ules o p i ciples a d should ot be co side ed as a substitute fo IFRS measu eme ts. Also, the G oup’s suppleme tal o -IFRS fi a cial i fo matio may ot be compa able to simila ly titled “ o -IFRS” measu es used by othe compa ies. Fu the specific limitatio s fo i dividual o -IFRS measu es, a d the easo s fo p ese ti g o -IFRS fi a cial i fo matio , a e set fo th i the G oup’s Docume t d’E egist eme t U ive sel fo the yea e ded Decembe 31, 2025 filed with the AMF o Ma ch 31, 2026. To compe sate fo these limitatio s, the suppleme tal o -IFRS fi a cial i fo matio should be ead ot i isolatio , but o ly i co ju ctio with the G oup’s co solidated fi a cial stateme ts p epa ed i acco da ce with IFRS.
| I millio s of Eu os, except pe sha e data a d pe ce tages | 1.6 | Softwa e eve ue | 2,775.5 | 0.5 | 2,776.0 | 2,805.4 | 1.6 | 2,807.0 | (1)% | (1)% | Lice ses a d othe softwa e eve ue | 471.8 | – | 471.8 | 473.7 | – | 473.7 | (0)% | (0)% | Subsc iptio a d Suppo t eve ue | 2,303.7 | 0.5 | 2,304.2 | 2,331.7 | 1.6 | 2,333.2 | (1)% | (1)% | Recu i g po tio of Softwa e eve ue | 83% | 83% | 83% | 83% | Se vices eve ue | 289.5 | – | 289.5 | 289.2 | – | 289.2 | 0% | 0% | I dust ial I ovatio | 1,517.6 | – | 1,517.6 | 1,537.7 | – | 1,537.7 | (1)% | (1)% | Life Scie ces | 511.0 | – | 511.0 | 560.9 | – | 560.9 | (9)% | (9)% | Mai st eam I ovatio | 747.0 | 0.5 | 747.4 | 706.8 | 1.6 | 708.3 | 6% | 6% | Ame icas | 1,070.8 | – | 1,070.8 | 1,116.1 | 0.1 | 1,116.2 | (4)% | (4)% | Eu ope | 1,067.7 | 0.4 | 1,068.1 | 1,046.6 | 1.4 | 1,048.0 | 2% | 2% | Asia | 637.1 | – | 637.1 | 642.7 | 0.1 | 642.8 | (1)% | (1)% | Sha e-based compe satio expe se a d elated social cha ges | (39.2) | 39.2 | – | (196.2) | 196.2 | – | Amo tizatio of acqui ed i ta gible assets a d of ta gible assets evaluatio | (160.6) | 160.6 | – | (173.8) | 173.8 | – | Lease i ce tives of acqui ed compa ies | (0.7) | 0.7 | – | (0.8) | 0.8 | – | Othe ope ati g i come a d expe se, et | (16.7) | 16.7 | – | (13.7) | 13.7 | – | Fi a cial i come (loss), et | 46.3 | 1.8 | 48.1 | 60.2 | 1.1 | 61.3 | (23)% | (22)% | I come tax expe se | (140.4) | (25.0) | (165.4) | (128.4) | (54.4) | (182.8) | 9% | (10)% | No -co t olli g i te est | 0.0 | (0.0) | 0.0 | 6.1 | (5.6) | 0.5 | (99)% | (99)% |
(1) I the eco ciliatio schedule above, (i) all adjustme ts to IFRS eve ue data eflect the exclusio of the defe ed eve ue adjustme t of acqui ed compa ies; (ii) adjustme ts to IFRS ope ati g expe se data eflect the exclusio of the amo tizatio of acqui ed i ta gibles assets a d of ta gible assets evaluatio , sha e-based compe satio expe se, a d elated social cha ges, the effect of adjusti g the lease i ce tives of acqui ed compa ies, as detailed below, a d othe ope ati g i come a d expe se, et i cludi g acquisitio , i teg atio , i fo matio systems t a sfo matio p ojects a d est uctu i g expe ses, a d impai me t of goodwill a d acqui ed i ta gible assets; (iii) adjustme ts to IFRS fi a cial i come, et eflect the exclusio of ce tai o e-time items, et, a d; (iv) all adjustme ts to IFRS et i come data eflect the combi ed effect of these adjustme ts, a d with espect to et i come a d diluted et i come pe sha e, ce tai o e-time tax effects a d the i come tax effect of the o -IFRS adjustme ts.
| I millio s of Eu os, except pe ce tages | Cost of eve ue | (488.7) | 0.6 | 0.2 | (487.9) | (525.0) | 18.8 | 0.2 | (505.9) | (7)% | (4)% | Resea ch a d developme t expe ses | (651.8) | 18.6 | 0.3 | (633.0) | (697.3) | 61.4 | 0.3 | (635.7) | (7)% | (0)% | Ma keti g a d sales expe ses | (838.0) | 11.5 | 0.2 | (826.4) | (894.5) | 64.2 | 0.2 | (830.1) | (6)% | (0)% | Ge e al a d admi ist ative expe ses | (203.2) | 8.6 | 0.0 | (194.6) | (244.2) | 51.8 | 0.1 | (192.3) | (17)% | 1% |
(2) The o -IFRS pe ce tage i c ease (dec ease) compa es o -IFRS measu es fo the two diffe e t pe iods. I the eve t the e is o -IFRS adjustme t to the eleva t measu e fo o ly o e of the pe iods u de compa iso , the o -IFRS i c ease (dec ease) compa es the o -IFRS measu e to the eleva t IFRS measu e.(3) Based o a weighted ave age 1,326.1 millio diluted sha es fo YTD 2026 a d 1,325.7 millio diluted sha es fo YTD 2025, a d, fo IFRS o ly, a diluted et i come att ibutable to the sha eholde s of € 589.6 millio fo YTD 2026 (€ 484.0 millio fo YTD 2025). The Diluted et i come att ibutable to equity holde s of the G oup co espo ds to the Net I come att ibutable to equity holde s of the G oup adjusted by the impact of the sha e-based compe satio pla s to be settled eithe i cash o i sha es at the optio of the G oup.
1 IFRS figu es fo 2Q26: Total eve ue of €1.56 billio , ope ati g ma gi of 23.0% compa ed to 15.9% i 2Q25, a d diluted EPS of €0.22 compa ed to €0.17 i 2Q25.
2 At FY26 pla cu e cy ates
3 At FY26 pla cu e cy ates
4 FY26 Pla fo eig excha ge ates used fo all pe iods ($1.18 pe eu o a d JPY 170.0 pe eu o)
