Omnicom Group's 10-Q: revenue up 54.1% over twelve months

Omnicom Group filed its 10-Q with the SEC, and its figures are now in our data. Revenue over the twelve months to Q3 2026 was $24.76 billion, which rose 54.1% on the year before. That growth rate was up 13.5 percentage points on the rate a quarter earlier.

Profitability

The trailing gross margin was 12.6%. The trailing operating margin was 6.4%, down 6.7 percentage points from a year earlier. The trailing net margin was 2.8%. Net income over the twelve months was $704.9 million, which fell 47.2% on the year before.

Cash flow

Operating cash flow over the twelve months was $3.08 billion, up 68.4% on the year before. Capital spending was $211.9 million, or 0.9% of revenue. Free cash flow, operating cash flow less capital spending, was $2.86 billion, up 71.7% on the year before. Free cash flow was 11.6% of revenue, representing the free-cash-flow margin, up 1.2 percentage points from a year earlier.

Share count

The average diluted share count rose 38.0% over the year.

Against its own history

Today’s free-cash-flow margin of 11.6% is higher than 75% of the company’s own past quarterly readings, which have ranged from 5.0% to 18.0%. Today’s operating margin of 6.4% is higher than 4% of the company’s own past quarterly readings, which have ranged from 2.6% to 15.4%. Today’s twelve-month revenue growth rate of 54.1% is higher than 100% of the company’s own past quarterly readings, which have ranged from −11.9% to 40.6%.

Guidance

The company gave its 2026 guidance for cost-reduction synergies: $900.0 million.

What it means for value

In our model, growth 5 percentage points lower would lower the value by 24.9%, and 5 percentage points higher would raise it by 31.9%. A free-cash-flow margin 1 percentage point lower would lower it by 8.1%.

What to watch

The next filing will show whether the recent expansion in free-cash-flow margin continues or reverses. It will also reveal if the decline in operating margin stabilizes or persists. Additionally, investors will see if the high revenue growth rate is sustained in the coming period.