P ess Release
Pa is, Octobe 29, 2026
74Softwa e (Eu o ext Pa is: 74SW) epo ted Q3 2026 eve ue of €183.9 millio , up 5.8% o ga ically, suppo ted by subsc iptio g owth at both Axway a d SBS. P oduct eve ue i c eased by 9.5% o ga ically, while ARR g ew by close to 10% yea o yea at co sta t excha ge ates fo both b a ds. The G oup co fi med its full-yea objectives.
| Key Fi a cial I dicato s — Q3 2026 | I dicato | Q3 2026(€m) | Q3 2025Compa iso base (€m)* | Cha ge / Ratio | Reve ue | 183.9 | 173.9 | O ga ic g owth: 5.8% | P oduct eve ue | 154.4 | 141 | O ga ic g owth: 9.5% | ARR at pe iod-e d — Axway | 294.2 | 267.7 | 9.9% YoY at co sta t FX | ARR at pe iod-e d — SBS | 257.3 | 235.1 | 9.4% YoY at co sta t FX | Net debt at pe iod-e d | 192.6 | 196.1 | Dow €3.6m YoY | * Reve ue compa atives at 2026 scope a d excha ge ates. |
Busi ess Highlights
- At 74Softwa e, g owth i both subsc iptio models mo e tha offset lowe Mai te a ce & Suppo t eve ue. P oduct eve ue ep ese ted 84.0% of G oup eve ue, compa ed with 81.1% a yea ea lie , eflecti g the co ti ued shift i the G oup’s eve ue mix towa d softwa e.
- Axway eco ded ew MFT custome wi s i the automotive a d luxu y goods secto s, alo gside e ewals a d exte sio s i healthca e a d fi a cial se vices. Amplify Fusio eco ded 83 ew custome co t acts ac oss the G oup ove the fi st i e mo ths a d emai s o t ack to meet its a ual ta get of 100.
- SBS combi ed st o g subsc iptio g owth with co t asti g t e ds ac oss its po tfolio. ARR g ew at double-digit ates i I teg ated P oducts, Modula P oducts a d Fi a ci g P oducts, while Ba ki g Compo e ts emai ed slightly below the p evious yea ’s level. Lowe Se vices activity, eflecti g a delibe ate focus o highe -value e gageme ts, mode ated ove all eve ue g owth. Comme cial highlights i cluded a co t act fo SBS Digital Ba ki g Suite with a existi g custome i the co sume fi a ce secto , exte di g SBS’s ole f om co e ba ki g to custome -faci g digital se vices a d illust ati g the c oss-selli g pote tial of its po tfolio.
- P oduct developme t a d i vestme t focused o exte di g custome s’ existi g softwa e e vi o me ts. Axway co ti ued to develop its Amplify platfo m, i cludi g Fusio a d AI gove a ce capabilities, a d to comme cialize Wo kbe ch fo u ified MFT mo ito i g a d ope atio al co t ol. A i dust y a alyst assessme t also gave Axway the highest sco es fo dist ibuted API ma ageme t a d API p oductizatio . SBS co ti ued to i vest i SBS Digital Co e, SBS Digital Ba ki g Suite a d AI. SBS AI Fou datio , built o NVIDIA tech ologies a d al eady i p oductio with a UK custome , e ables ba ks to use AI while etai i g co t ol ove thei data e vi o me t. Its oadmap also i cludes p ocess automatio th ough AI age ts, d awi g i pa ticula o the AI Co t ol Pla e developed by Axway.
Pat ick Do ova , Chief Executive Office , stated:
“I am happy to see ou co ti ued t a sitio towa ds subsc iptio s suppo ti g p oduct eve ue g owth i Q3 a d ove the fi st i e mo ths. New MFT custome wi s a d fu the Amplify Fusio co t acts suppo ted Axway’s comme cial activity, while SBS secu ed impo ta t e ewals a d expa ded its softwa e elatio ships with existi g custome s. Ou p io ity is to co ve t this p og ess i to cash while mai tai i g cost discipli e. The pe fo ma ce ove the fi st i e mo ths gives us co fide ce i delive i g ou full-yea ta gets as we co ti ue to i vest i ou p oducts a d wo k towa d ou 2028 ambitio s.”
Q3 2026 Activity
| Reve ue by Po tfolio B a d | Q3 2026 | Q3 2025Repo ted | Q3 2025Restated* | TotalG owth | O ga icG owth | €m / % | Axway Scope | 87.6 | 82.6 | 83.4 | 6.1% | 5.1% | SBS Scope | 96.7 | 90.8 | 91.1 | 6.5% | 6.1% | Co solidatio | -0.3 | -0.5 | -0.5 | 74Softwa e | 183.9 | 172.8 | 173.9 | 6.5% | 5.8% | * Reve ue at 2026 scope a d excha ge ates |
Q3 eve ue eached €183.9 millio , up 6.5% o a epo ted basis a d 5.8% o ga ically. Axway co t ibuted €87.6 millio , up 5.1% o ga ically, while SBS ge e ated €96.7 millio , up 6.1% o ga ically.
| Q3 Reve ue by Type | Q3 2026 | Q3 2025Repo ted | Q3 2025Restated* | TotalG owth | O ga icG owth | €m / % | P oduct eve ue | 154.4 | 140.1 | 141.0 | 10.2% | 9.5% | Recu i g eve ue | 145.7 | 129.2 | 130.2 | 12.8% | 11.9% | o/w Mai te a ce & Suppo t | 37.2 | 43.7 | 44.0 | -14.9% | -15.4% | o/w Custome -ma aged Subsc iptio | 68.0 | 51.0 | 51.4 | 33.4% | 32.2% | o/w Upf o t Reve ue | 37.4 | 29.6 | 29.6 | 26.2% | 26.2% | o/w Recu i g | 30.6 | 21.4 | 21.8 | 43.3% | 40.4% | o/w Ow -ma aged Subsc iptio | 40.5 | 34.5 | 34.8 | 17.4% | 16.5% | Lice se eve ue | 8.7 | 10.9 | 10.8 | -19.9% | -19.6% | Se vices eve ue | 29.5 | 32.7 | 32.9 | -9.8% | -10.3% | Total eve ue | 183.9 | 172.8 | 173.9 | 6.5% | 5.8% | * Reve ue at 2026 scope a d excha ge ates |
P oduct eve ue eached €154.4 millio , up 9.5% o ga ically, a d ep ese ted 84.0% of G oup eve ue, compa ed with 81.1% a yea ea lie . Recu i g eve ue i c eased by 11.9% o ga ically to €145.7 millio , equivale t to 94.3% of P oduct eve ue.
Axway’s P oduct eve ue amou ted to €79.0 millio , up 5.6% o ga ically. Ow -ma aged subsc iptio s i c eased by 22.3% to €17.2 millio , while custome -ma aged subsc iptio s g ew by 14.4% to €52.8 millio . These i c eases mo e tha offset a 35.3% decli e i Mai te a ce & Suppo t eve ue to €7.8 millio , eflecti g the co ti ued t a sitio towa d subsc iptio s.
SBS’s P oduct eve ue g ew by 13.4% o ga ically to €75.8 millio . Custome -ma aged subsc iptio s co t ibuted the la gest i c ease, eachi g €15.5 millio , compa ed with €5.3 millio a yea ea lie . Ow -ma aged subsc iptio s ose by 9.7% to €23.4 millio , while Mai te a ce & Suppo t eve ue decli ed by 7.9% to €29.4 millio . Ove all, ecu i g eve ue i c eased by 16.7% to €68.2 millio .
Lice se eve ue decli ed by 19.6% o ga ically to €8.7 millio . Axway co t ibuted €1.2 millio , dow 53.2% agai st a p io -yea compa iso of €2.5 millio , while SBS ge e ated €7.6 millio , dow 9.6%.
Se vices eve ue amou ted to €29.5 millio , dow 10.3% o ga ically. It emai ed b oadly stable at Axway, at €8.6 millio , a d decli ed by 14.0% at SBS, to €20.9 millio . Se vices accou ted fo 16.0% of G oup eve ue, compa ed with 18.9% a yea ea lie .
Fo the fi st i e mo ths of 2026, G oup eve ue eached €550.9 millio , up 6.6% o a epo ted basis a d 7.7% o ga ically. Axway ge e ated €262.2 millio , up 9.4% o ga ically, while SBS co t ibuted €290.0 millio , up 6.0%. P oduct eve ue i c eased by 10.4% o ga ically to €458.5 millio , i cludi g ecu i g eve ue of €423.3 millio , up 10.6% o ga ically. O a o ga ic basis, Lice se eve ue g ew by 7.3% to €35.2 millio , while Se vices eve ue decli ed by 4.1% to €92.4 millio .
| ARR B eakdow by P oduct Li e at Co sta t Excha ge Rates as of E d-Q3 2026 | 2025 | 2026 | YoY Cha ge at co sta t FX | €m | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Axway | 255.7 | 260.2 | 267.7 | 278.2 | 278.3 | 289.3 | 294.2 | + 9.9% | Ma aged File T a sfe | 108.3 | 110.4 | 112.5 | 121.3 | 120.5 | 125.1 | 126.7 | + 12.7% | B2B I teg atio | 58.7 | 61.2 | 63.6 | 64.3 | 63.8 | 65.8 | 64.3 | + 1.2% | API Ma ageme t | 48.3 | 49.5 | 52.4 | 53.1 | 55.4 | 58.8 | 63.9 | + 21.8% | Specialized P oducts | 40.5 | 39.1 | 39.2 | 39.5 | 38.5 | 39.6 | 39.4 | + 0.3% | SBS | 229.1 | 232.4 | 235.1 | 245.4 | 249.4 | 253.4 | 257.3 | + 9.4% | I teg ated P oducts | 94.1 | 96.3 | 94.9 | 100.0 | 103.9 | 106.5 | 107.5 | + 13.3% | Ba ki g Compo e ts | 47.8 | 46.8 | 46.3 | 49.2 | 47.0 | 45.8 | 45.7 | – 1.3% | Modula P oducts | 25.3 | 28.0 | 29.6 | 30.3 | 31.8 | 31.7 | 33.3 | + 12.5% | Fi a ci g P oducts | 61.9 | 61.3 | 64.2 | 65.8 | 66.7 | 69.4 | 70.8 | + 10.1% |
At Septembe 30, 2026, Axway ARR eached €294.2 millio , up 9.9% at co sta t excha ge ates, suppo ted by g owth i Ma aged File T a sfe (12.7%) a d API Ma ageme t (21.8%), i cludi g Amplify Fusio . SBS ARR eached €257.3 millio , up 9.4% at co sta t excha ge ates, with g owth i I teg ated P oducts (13.3%), Modula P oducts (12.5%) a d Fi a ci g P oducts (10.1%), pa tly offset by a 1.3% decli e i Ba ki g Compo e ts.
Fi a cial positio as of Septembe 30, 2026
As of Septembe 30, 2026, 74Softwa e’s et debt amou ted to €192.6 millio , compa ed with €181.3 millio at Ju e 30, 2026 a d €193.0 millio at Decembe 31, 2025. Cash a d cash equivale ts stood at €82.0 millio , while g oss fi a cial debt amou ted to €274.6 millio .
U de its sha e buyback p og am, the G oup epu chased 641,315 sha es fo €22.4 millio du i g the fi st i e mo ths of 2026, at a weighted ave age p ice of €34.8 pe sha e, i cludi g 220,263 sha es fo €8.3 millio du i g Q3. These epu chases fo m pa t of the G oup’s p eviously a ou ced i te tio to acqui e up to 800,000 sha es i 2026 to cove its employee lo g-te m i ce tive pla s.
I te al Legal Reo ga izatio
As a ou ced o Septembe 16, 2026, 74Softwa e will t a sfe Axway’s F e ch ope ati g activities to its wholly ow ed subsidia y, Axway SAS, effective Novembe 1, 2026. The eo ga izatio b i gs the G oup’s legal st uctu e i to li e with its po tfolio-based ope ati g model. U de this model, 74Softwa e se ves as the listed pa e t compa y, espo sible fo G oup st ategy, capital allocatio a d gove a ce, while its softwa e busi esses ma age ope atio s. The t a sactio has o impact o the G oup’s scope of co solidatio o st ategy, o o Axway’s busi ess ope atio s.
Outlook & Ta gets
The pe fo ma ce ove the fi st i e mo ths ei fo ces 74Softwa e’s co fide ce i achievi g its full-yea o ga ic eve ue g owth guida ce. The G oup co fi ms its 2026 objectives, as updated i July.
O ga ic eve ue g owth i Q4 is expected to be mo e mode ate tha ove the fi st i e mo ths, eflecti g co t act phasi g a d p io -yea compa iso s. Discipli ed cost ma ageme t a d cash co ve sio emai p io ities th ough yea -e d.
| 2026 Guida ce a d Medium-te m ambitio | FY 2026 Guida ceRaised i July, co fi medAt co sta t excha ge ates | – O ga ic eve ue g owth: 4% to 6%– Ma gi o ope ati g activities: 16% to 18%– U leve ed f ee cash flow: a ou d 10% of eve ue | Medium-te m ambitio | – Reve ue close to €800m a d ma gi o ope ati g activities ~ 20% by e d-2028 – €1b eve ue ambitio ove the medium te m, i cludi g selective acquisitio s |
Fi a cial Cale da
- Wed esday, Feb ua y 24, 2027, afte ma ket close: FY 2026 Results
- Wed esday, Ap il 21, 2027, afte ma ket close: Q1 2027 Reve ue
Glossa y a d Alte ative Pe fo ma ce Measu es
Axway ARR: A ual Recu i g Reve ue – Expected a ual billi g amou ts f om all active mai te a ce a d subsc iptio ag eeme ts.
B a d Co t ibutio : Co t ibutio to p ofit o ope ati g activities f om the two b a ds (Axway a d SBS) befo e ce t ally ma aged ge e al a d admi ist ative expe ses.
SBS ARR: A ual Recu i g Reve ue – Mo thly ecu i g eve ue (MRR) fo the last mo th of the epo ti g pe iod multiplied by 12. Whe e co t acts a e affected by seaso ality o co t acted volume-based eleme ts, the last 12 mo ths of eve ue a e agg egated i dete mi i g ARR. Expected ecu i g eve ue f om co t acts sig ed but ot yet active is ot i cluded i ARR.
NPS: Net P omote Sco e – Custome satisfactio a d ecomme datio i dicato fo a compa y.
O ga ic g owth: G owth i eve ue betwee the pe iod u de eview a d the p io pe iod, estated fo co solidatio scope a d excha ge ate impacts.
P ofit o ope ati g activities: P ofit f om ecu i g ope atio s adjusted fo the o -cash sha e-based payme t expe se, as well as the amo tizatio of allocated i ta gible assets.
Restated eve ue: Reve ue fo the p io yea , adjusted fo the co solidatio scope a d excha ge ates of the cu e t yea .
U leve ed f ee cash flow: F ee cash flow befo e exceptio al items a d befo e et i te est expe se.
About 74Softwa e
74Softwa e is a e te p ise softwa e g oup combi i g Axway a d SBS – i depe de tly ope ated leade s delive i g missio -c itical softwa e fo a data-d ive wo ld. A pio ee i e te p ise i teg atio solutio s fo 25 yea s, Axway suppo ts majo co po ate a d gove me t custome s a ou d the globe. SBS empowe s ba ks a d fi a cial i stitutio s to eimagi e tomo ow’s digital expe ie ces with a composable cloud-based a chitectu e that e ables deposits, le di g, complia ce, payme ts, co sume fi a ce a d asset fi a ce se vices. 74Softwa e se ves mo e tha 12,000 compa ies, i cludi g ove 1,500 fi a cial se vices custome s. To lea mo e, visit 74Softwa e.com.
Co tacts – I vesto Relatio s:
A thu Ca li – +33 (0)1 47 17 24 65 – aca li@74softwa e.com
Chloé Choua d – +33 (0)1 47 17 21 78 – cchoua d@74softwa e.com
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Appe dices (1/4)
| Cha ges i Mai Excha ge Rates | Fo €1 | Ave age Rate | Ave age Rate | Cha ge | 9M 2026 | 9M 2025 | US Dolla | 1.161 | 1.119 | -3.6% | Pou d Ste li g | 0.863 | 0.851 | -1.5% | I dia Rupee | 109.071 | 96.808 | -11.2% |
| Impact o Ni e-mo th Reve ue of Cha ges i Scope a d Excha ge Rates | €m / % | 9M 2026 | 9M 2025 | G owth | Reve ue | 550.9 | 516.8 | + 6.6% | Cha ges i excha ge ates | -5.0 | Reve ue at co sta t excha ge ates | 550.9 | 511.7 | + 7.7% | Cha ges i scope | +0.0 | Reve ue at co sta t scope a d excha ge ates | 550.9 | 511.7 | + 7.7% |
| Qua te ly Reve ue B eakdow by Po tfolio B a d | Q1 2026 | Q2 2026 | Q3 2026 | 9M 2026 | €m | Axway Scope | 89.0 | 85.6 | 87.6 | 262.2 | SBS Scope | 94.0 | 99.3 | 96.7 | 290.0 | Co solidatio | -0.4 | -0.6 | -0.3 | -1.2 | 74Softwa e | 182.7 | 184.3 | 183.9 | 550.9 |
| Ni e-mo th Reve ue by Type | 9M 2026 | 9M 2025Repo ted | 9M 2025Restated* | TotalG owth | O ga icG owth | €m / % | P oduct eve ue | 458.5 | 420.1 | 415.4 | 9.1% | 10.4% | Recu i g eve ue | 423.3 | 387.2 | 382.6 | 9.3% | 10.6% | o/w Mai te a ce & Suppo t | 114.3 | 135.2 | 133.7 | -15.5% | -14.5% | o/w Custome -ma aged Subsc iptio | 192.4 | 149.7 | 148.0 | 28.6% | 30.0% | o/w Upf o t Reve ue | 110.1 | 86.0 | 84.8 | 28.1% | 29.9% | o/w Recu i g | 82.3 | 63.7 | 63.2 | 29.2% | 30.1% | o/w Ow -ma aged Subsc iptio | 116.6 | 102.3 | 100.8 | 14.0% | 15.6% | Lice se eve ue | 35.2 | 33.0 | 32.8 | 6.7% | 7.3% | Se vices eve ue | 92.4 | 96.6 | 96.4 | -4.4% | -4.1% | Total eve ue | 550.9 | 516.8 | 511.7 | 6.6% | 7.7% | * Reve ue at 2026 scope a d excha ge ates |
| Qua te ly Reve ue B eakdow by Type | Q1 2026 | Q2 2026 | Q3 2026 | 9M 2026 | €m | P oduct eve ue | 150.8 | 153.2 | 154.4 | 458.5 | Recu i g eve ue | 137.2 | 140.4 | 145.7 | 423.3 | o/w Mai te a ce & Suppo t | 38.8 | 38.3 | 37.2 | 114.3 | o/w Custome -ma aged Subsc iptio | 60.7 | 63.8 | 68.0 | 192.4 | o/w Upf o t Reve ue | 35.6 | 37.2 | 37.4 | 110.1 | o/w Recu i g | 25.1 | 26.6 | 30.6 | 82.3 | o/w Ow -ma aged Subsc iptio | 37.7 | 38.4 | 40.5 | 116.6 | Lice se eve ue | 13.7 | 12.8 | 8.7 | 35.2 | Se vices eve ue | 31.9 | 31.1 | 29.5 | 92.4 | Total eve ue | 182.7 | 184.3 | 183.9 | 550.9 |
Appe dices (2/4)
| ARR B eakdow by Type at Co sta t Excha ge Rates as of E d-Q3 2026 | 2025 | 2026 | YoY Cha ge at co sta t FX | €m | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Axway | 255.7 | 260.2 | 267.7 | 278.2 | 278.3 | 289.3 | 294.2 | + 9.9% | Mai te a ce a d suppo t | 50.7 | 46.4 | 41.3 | 37.0 | 34.8 | 30.0 | 26.5 | – 35.8% | Custome -ma aged subsc iptio | 149.9 | 156.4 | 166.6 | 179.9 | 181.6 | 196.6 | 200.7 | + 20.5% | Ow -ma aged subsc iptio | 55.2 | 57.4 | 59.8 | 61.2 | 61.9 | 62.7 | 67.0 | + 12.0% | SBS | 229.1 | 232.4 | 235.1 | 245.4 | 249.4 | 253.4 | 257.3 | + 9.4% | Mai te a ce a d suppo t | 142.2 | 142.0 | 147.7 | 142.7 | 134.2 | 133.0 | 129.3 | – 12.5% | Custome -ma aged subsc iptio s | 15.1 | 14.3 | 7.8 | 18.9 | 29.5 | 32.2 | 35.7 | + 355.3% | Ow -ma aged subsc iptio s | 71.8 | 76.1 | 79.5 | 83.7 | 85.6 | 88.2 | 92.3 | + 16.1% |
| Ni e-mo th Reve ue B eakdow by Regio | 9M 2026 | 9M 2025Repo ted | 9M 2025 Restated* | TotalG owth | O ga ic G owth | €m | % of Rev. | Eu ope | 323.4 | 58.7% | 309.5 | 308.1 | 4.5% | 5.0% | o/w F a ce | 150.9 | 27.4% | 147.3 | 147.2 | 2.5% | 2.5% | o/w UK | 76.3 | 13.8% | 70.9 | 70.0 | 7.5% | 9.0% | Ame icas | 123.9 | 22.5% | 114.3 | 110.7 | 8.4% | 11.9% | Middle East & Af ica | 76.4 | 13.9% | 66.1 | 66.0 | 15.7% | 15.7% | Asia & Pacific | 27.3 | 4.9% | 26.9 | 26.9 | 1.5% | 1.5% | 74Softwa e | 550.9 | 516.8 | 511.7 | 6.6% | 7.7% | * Reve ue at 2026 scope a d excha ge ates |
Appe dices (3/4) – Axway
| Q3 Reve ue by Type – Axway | Q3 2026 | Q3 2025Repo ted | Q3 2025Restated* | TotalG owth | O ga icG owth | €m / % | P oduct eve ue | 79.0 | 73.9 | 74.7 | 6.9% | 5.6% | Recu i g eve ue | 77.8 | 71.4 | 72.3 | 9.0% | 7.7% | o/w Mai te a ce & Suppo t | 7.8 | 11.8 | 12.1 | -33.8% | -35.3% | o/w Custome -ma aged Subsc iptio | 52.8 | 45.7 | 46.1 | 15.6% | 14.4% | o/w Upf o t Reve ue | 29.2 | 28.2 | 28.2 | 3.6% | 3.6% | o/w Recu i g | 23.6 | 17.5 | 18.0 | 34.9% | 31.5% | o/w Ow -ma aged Subsc iptio | 17.2 | 13.9 | 14.0 | 23.8% | 22.3% | Lice se eve ue | 1.2 | 2.5 | 2.5 | -53.7% | -53.2% | Se vices eve ue | 8.6 | 8.7 | 8.6 | -0.4% | 0.2% | Total eve ue Axway | 87.6 | 82.6 | 83.4 | 6.1% | 5.1% | * Reve ue at 2026 scope a d excha ge ates |
| Ni e-mo th Reve ue by Type – Axway | 9M 2026 | 9M 2025Repo ted | 9M 2025Restated* | TotalG owth | O ga icG owth | €m / % | P oduct eve ue | 236.2 | 217.2 | 213.9 | 8.8% | 10.4% | Recu i g eve ue | 230.1 | 213.0 | 209.8 | 8.1% | 9.7% | o/w Mai te a ce & Suppo t | 25.8 | 39.1 | 38.2 | -34.0% | -32.5% | o/w Custome -ma aged Subsc iptio | 156.0 | 132.7 | 131.0 | 17.5% | 19.0% | o/w Upf o t Reve ue | 91.4 | 80.0 | 78.8 | 14.3% | 16.0% | o/w Recu i g | 64.5 | 52.7 | 52.2 | 22.5% | 23.5% | o/w Ow -ma aged Subsc iptio | 48.4 | 41.2 | 40.6 | 17.4% | 19.3% | Lice se eve ue | 6.1 | 4.2 | 4.1 | 44.4% | 47.4% | Se vices eve ue | 26.0 | 26.2 | 25.8 | -0.6% | 0.8% | Total eve ue Axway | 262.2 | 243.3 | 239.7 | 7.8% | 9.4% | * Reve ue at 2026 scope a d excha ge ates |
| Qua te ly Reve ue B eakdow by Type – Axway | Q1 2026 | Q2 2026 | Q3 2026 | 9M 2026 | €m | P oduct eve ue | 80.1 | 77.2 | 79.0 | 236.2 | Recu i g eve ue | 76.3 | 76.1 | 77.8 | 230.1 | o/w Mai te a ce & Suppo t | 9.4 | 8.5 | 7.8 | 25.8 | o/w Custome -ma aged Subsc iptio | 51.4 | 51.8 | 52.8 | 156.0 | o/w Upf o t Reve ue | 31.6 | 30.7 | 29.2 | 91.4 | o/w Recu i g | 19.8 | 21.1 | 23.6 | 64.5 | o/w Ow -ma aged Subsc iptio | 15.5 | 15.8 | 17.2 | 48.4 | Lice se eve ue | 3.8 | 1.1 | 1.2 | 6.1 | Se vices eve ue | 9.0 | 8.4 | 8.6 | 26.0 | Total eve ue – Axway | 89.0 | 85.6 | 87.6 | 262.2 |
Appe dices (4/4) – SBS
| Q3 Reve ue by Type – SBS | Q3 2026 | Q3 2025Repo ted | Q3 2025Restated* | TotalG owth | O ga icG owth | €m / % | P oduct eve ue | 75.8 | 66.8 | 66.8 | 13.5% | 13.4% | Recu i g eve ue | 68.2 | 58.4 | 58.5 | 16.9% | 16.7% | o/w Mai te a ce & Suppo t | 29.4 | 31.9 | 31.9 | -7.9% | -7.9% | o/w Custome -ma aged Subsc iptio | 15.5 | 5.3 | 5.2 | 194.0% | 194.7% | o/w Upf o t Reve ue | 8.1 | 1.4 | 1.4 | 482.1% | 482.1% | o/w Recu i g | 7.3 | 3.9 | 3.8 | 89.5% | 90.1% | o/w Ow -ma aged Subsc iptio | 23.4 | 21.2 | 21.3 | 10.2% | 9.7% | Lice se eve ue | 7.6 | 8.4 | 8.4 | -9.7% | -9.6% | Se vices eve ue | 20.9 | 24.0 | 24.3 | -13.2% | -14.0% | Total eve ue SBS | 96.7 | 90.8 | 91.1 | 6.5% | 6.1% | * Reve ue at 2026 scope a d excha ge ates |
| Ni e-mo th Reve ue by Type – SBS | 9M 2026 | 9M 2025Repo ted | 9M 2025Restated* | TotalG owth | O ga icG owth | €m / % | P oduct eve ue | 223.5 | 204.5 | 203.0 | 9.3% | 10.1% | Recu i g eve ue | 194.4 | 175.7 | 174.3 | 10.7% | 11.5% | o/w Mai te a ce & Suppo t | 88.5 | 96.1 | 95.5 | -7.9% | -7.3% | o/w Custome -ma aged Subsc iptio | 37.7 | 17.0 | 17.0 | 121.9% | 121.5% | o/w Upf o t Reve ue | 18.7 | 6.0 | 6.0 | 212.0% | 212.0% | o/w Recu i g | 19.0 | 11.0 | 11.0 | 72.6% | 72.2% | o/w Ow -ma aged Subsc iptio | 68.2 | 62.6 | 61.8 | 9.0% | 10.4% | Lice se eve ue | 29.1 | 28.8 | 28.7 | 1.2% | 1.5% | Se vices eve ue | 66.4 | 70.5 | 70.5 | -5.8% | -5.8% | Total eve ue SBS | 290.0 | 275.0 | 273.6 | 5.5% | 6.0% | * Reve ue at 2026 scope a d excha ge ates |
| Qua te ly Reve ue B eakdow by Type – SBS | Q1 2026 | Q2 2026 | Q3 2026 | 9M 2026 | €m | P oduct eve ue | 71.1 | 76.6 | 75.8 | 223.5 | Recu i g eve ue | 61.3 | 64.9 | 68.2 | 194.4 | o/w Mai te a ce & Suppo t | 29.4 | 29.7 | 29.4 | 88.5 | o/w Custome -ma aged Subsc iptio | 9.7 | 12.6 | 15.5 | 37.7 | o/w Upf o t Reve ue | 4.0 | 6.5 | 8.1 | 18.7 | o/w Recu i g | 5.6 | 6.0 | 7.3 | 19.0 | o/w Ow -ma aged Subsc iptio | 22.2 | 22.6 | 23.4 | 68.2 | Lice se eve ue | 9.9 | 11.7 | 7.6 | 29.1 | Se vices eve ue | 22.9 | 22.7 | 20.9 | 66.4 | Total eve ue SBS | 94.0 | 99.3 | 96.7 | 290.0 |
