Annual organic growth target updated
Paris, 23 October 2025, Ipsos, one of the world's leading market research companies, achieved a revenue of €636 million in the third quarter, representing a growth of 7.6%, of which 2.9% organic (up from -1.8% in the first quarter and +0.7% in the second), 8.5% from scope effects mainly related to the acquisitions of The BVA Family and infas, and -3.8% from negative currency effects due to the euro's appreciation against certain currencies.
In the first nine months of the year, revenue amounts to €1,791 million. Growth is 3.6%, including 0.7% organic, 4.9% from scope effects and -2.0% from negative currency effects.
Political uncertainties in many countries, together with the budgetary constraints on governments, are resulting in a decline in Public Affairs activity, which is weighing on Ipsos' overall performance. Indeed, excluding Public Affairs, the Group's organic growth for the first nine months of the year comes to 2.3% and 4.2% for the third quarter alone.
The past few months have also been marked by:
The integration of The BVA Family over the entire quarter, particularly in France, the United Kingdom, and Italy. This operation is the largest acquisition undertaken since 2018.
The appointment of Jean Laurent Poitou as Chief Executive Officer.
Significant progress in developing Ipsos' strategy for the coming years.
PERFORMANCE BY QUARTER
In €m
2025 revenue
Total growth
Of which:organic
scope
currency
1st quarter
568.5
2.0%
-1.8%
2.9%
0.9%
2nd quarter
586.6
1.0%
0.7%
3.3%
-3.0%
3rd quarter
635.9
7.6%
2.9%
8.5%
-3.8%
Revenue
1,791.0
3.6%
0.7%
4.9%
-2.0%
PERFORMANCE BY REGION
In €m
9 months revenue
Total growth
Organic growth
Of which:Q1
Q2
Q3
EMEA
872.8
