NIQ Global Intelligence is a consumer intelligence company that measures and analyses shopping behaviour for brands and retailers. Its integrated system, the NIQ Ecosystem, combines proprietary data, technology and analytics, pulling purchase data from retail point-of-sale feeds, shopping receipts, eCommerce partners and consumer panels to produce what it calls The Full View of online and offline shopping. Clients reach these insights through its cloud-based Discover platform, which embeds a generative AI tool, Ask Arthur.
Customers include roughly 23,000 companies—among them about half the Fortune 500—alongside smaller businesses and government bodies. Most revenue is recurring and sold through annual or multi-year subscription contracts, typically two to five years, priced by data volume or by the number of user licences.
Solutions fall into two groupings: Intelligence (measurement and insights) and Activation (custom, predictive analytics). The company operates across 90 countries and covers verticals including fast-moving consumer goods and technology and durables. It was carved out of Nielsen's Connect business in 2021 and acquired GfK in 2023.
Based on NIQ Global Intelligence plc's 10-K filed February 27, 2026.
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~$17
Valuation models combined (2)
Base case. Range ~$15–$19. Weighted average of 2 models (forward price-to-earnings vs peers, forward price-to-sales vs peers).
No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.
NIQ Global Intelligence plc valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $4.39bn. Free-cash-flow margin rose to 11.5% from -0.1% a year earlier. It passes 1 of our 5 financial-health checks. Our cash-flow model value is $6.97 a share, against a share price of $19.15.
Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
NIQ Global Intelligence plc's trailing-twelve-month revenue grew 8.9% year on year, with a free-cash-flow margin of 11.5%. Where it lags: long-term debt as % of assets of 51.0% ranks 20 of 21 research & consulting services companies we cover.
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 33% in the quarter to 2026-06-30, the 2nd beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
The company also guided to revenue growth, as reported of 4.90 to 5.30 for the Third Quarter 2026; revenue growth, organic constant currency of 5.20 to 5.50 for the Third Quarter 2026.
Our value per share comes from a discounted-cash-flow model of NIQ Global Intelligence plc's free cash flow after stock-based pay ( $148M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.
We value NIQ Global Intelligence plc as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: the projected cash flows don't support a positive value |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$15 ~$17–$26 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: the model gives no positive value |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$19 ~$16–$42 | Included, half weight |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$17 ~$15–$19 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare NIQ Global Intelligence plc with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2025 | Now |
|---|---|---|
| Share price | $16.49 | $19.86 |
| Market value | $4.4bn | $5.8bn |
| + Net debt (− = net cash) | $3.1bn | $3.2bn |
| Enterprise value | $7.5bn | $9.0bn |
| Multiples | ||
| Price / sales | 1.0x | 1.3x |
| Price / earnings | — | — |
| Price / free cash flow | 16.7x | 11.4x |
| EV / EBITDA | 10.5x | 12.4x |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
Next results: November 12, 2026, before the open. Analysts expect revenue of $1.1bn and EPS of $0.23 (range $0.22 to $0.25) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.09 | +375% | $4.5bn | +7% |
| Next | $1.29 | +18% | $4.7bn | +5% |
Next year's EPS estimate has moved +6.5% in 90 days, across 14 analysts.
The consensus EPS forecast for the current fiscal year is +11.2% on 90 days ago. In the last 30 days, 0 analysts raised NIQ Global Intelligence plc's forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.98 | $1.21 |
| 60 days ago | $1.09 | $1.29 |
| 30 days ago | $1.09 | $1.29 |
| 7 days ago | $1.09 | $1.29 |
| Now | $1.09 | $1.29 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.20 | $0.27 | +33.1% |
| Mar 2026 | $0.10 | $0.15 | +51.0% |
| Dec 2025 | $0.29 | $0.20 | −30.9% |
| Sept 2025 | $0.07 | $0.03 | −55.8% |
Adjusted EPS as companies report it, against the average analyst estimate.
Our cash-flow model grows NIQ Global Intelligence plc's revenue by +6.3% next year and +7.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.5%, weight 56%) , management guidance (+5.4%, weight 19%) and the company's own record (+8.9%, weight 25%) . How the weights are set.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| NIQ | +20% |
| Industry peers (median) | −3% |
| S&P 500 | +11% |
| Months that ended higher | |
| NIQ | 55% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| NIQ | −56% |
| S&P 500 | −9% |
Worst fall since July 23, 2025: 60% from July 24, 2025 to June 25, 2026. Getting back needed a 148% gain, reached on October 22, 2026, 119 days after the low.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 10, 2026 | +42.0% | −0.3% | +47.7% | +55.1% |
| May 14, 2026 | −18.3% | −0.4% | −15.8% | −15.0% |
| February 27, 2026 | +10.9% | −0.4% | +3.5% | −16.3% |
| February 2, 2026 | −28.1% | −0.4% | −38.6% | −23.7% |
| November 13, 2025 | −0.5% | −1.7% | +3.4% | +8.1% |
| August 14, 2025 | −2.0% | −0.2% | −3.6% | +0.2% |
Source: SEC EDGAR filings. Retrieved October 20, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY22 Q4 | $2.8B |
| FY24 Q4 | $4B |
| FY25 Q1 | $4B |
| FY25 Q2 | $4B |
| FY25 Q3 | $4.1B |
| FY25 Q4 | $4.2B |
| FY26 Q1 | $4.3B |
| FY26 Q2 | $4.4B |
Source: SEC EDGAR filings. Retrieved October 20, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY22 Q4 | -6.4% |
| FY24 Q4 | -2.5% |
| FY25 Q1 | -1.3% |
| FY25 Q2 | 0.4% |
| FY25 Q3 | -0.1% |
| FY25 Q4 | 2.0% |
| FY26 Q1 | 1.4% |
| FY26 Q2 | 1.9% |
Source: SEC EDGAR filings. Retrieved October 20, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY22 Q4 | 0.5% |
| FY24 Q4 | 1.0% |
| FY25 Q1 | 0.9% |
| FY25 Q2 | -0.1% |
| FY25 Q3 | 3.5% |
| FY25 Q4 | 6.3% |
| FY26 Q1 | 8.2% |
| FY26 Q2 | 11.5% |
| Fiscal year | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|
| Income | |||||
| Revenue | 2,786 | 3,341 | 3,973 | 4,198 | 4,389 |
| EBITDA | — | 352 | 497 | 718 | 724 |
| Operating income | −178 | −109 | −100 | 85 | 85 |
| Net income | — | −577 | −798 | −353 | −351 |
| Diluted EPS | — | −$2.35 | −$3.26 | −$1.32 | −$1.20 |
| Growth (year on year) | |||||
| Revenue | — | +19.9% | +18.9% | +5.7% | +8.9% |
| EBITDA | — | — | +41.1% | +44.5% | +16.6% |
| Margins | |||||
| EBITDA margin | — | 10.5% | 12.5% | 17.1% | 16.5% |
| Operating margin | −6.4% | −3.3% | −2.5% | 2.0% | 1.9% |
| Net margin | — | −17.3% | −20.1% | −8.4% | −8.0% |
| Free-cash-flow margin | 0.5% | −1.1% | 1.0% | 6.3% | 11.5% |
| Cash flow | |||||
| Cash from operations | 61 | −12 | 74 | 299 | 537 |
| Capital spending | 48 | 24 | 35 | 35 | 31 |
| Free cash flow | 13 | −36 | 39 | 264 | 506 |
| Stock-based pay | 4 | 4 | 5 | 61 | 79 |
| Free cash flow after stock pay | 9 | −40 | 34 | 203 | 428 |
| Balance sheet | |||||
| Cash | 145 | 283 | 266 | 519 | 417 |
| Total debt | 0 | 0 | 4,135 | 3,651 | 3,586 |
| Net debt (negative = net cash) | −145 | −283 | 3,868 | 3,132 | 3,169 |
| Diluted shares | — | 245m | 245m | 267m | 292m |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 982 | 1,043 | 966 | 1,041 | 1,053 | 1,139 | 1,073 | 1,124 |
| EBITDA | 139 | 125 | 164 | 193 | 132 | 228 | 144 | 220 |
| Operating income | −16 | −25 | 16 | 39 | −35 | 65 | −10 | 65 |
| Net income | −215 | −173 | −120 | −3 | −199 | −32 | −90 | −31 |
| Diluted EPS | −$0.88 | −$0.71 | −$0.49 | −$0.01 | −$0.70 | −$0.07 | −$0.31 | −$0.10 |
| Growth (year on year) | ||||||||
| Revenue | — | — | +0.4% | +5.6% | +7.2% | +9.2% | +11.1% | +8.0% |
| EBITDA | — | — | — | +67.4% | −4.5% | +83.2% | −12.6% | +13.8% |
| Operating income | — | — | — | — | — | — | — | +65.7% |
| Margins | ||||||||
| EBITDA margin | 14.1% | 11.9% | 17.0% | 18.6% | 12.6% | 20.0% | 13.4% | 19.6% |
| Operating margin | −1.6% | −2.3% | 1.6% | 3.8% | −3.3% | 5.7% | −1.0% | 5.8% |
| Net margin | −21.9% | −16.6% | −12.4% | −0.3% | −18.9% | −2.8% | −8.4% | −2.7% |
| Free-cash-flow margin | 11.8% | 5.2% | −16.2% | −1.7% | 25.2% | 15.2% | −6.2% | 12.0% |
| Cash flow | ||||||||
| Cash from operations | 128 | 68 | −154 | −9 | 272 | 189 | −64 | 140 |
| Capital spending | 12 | 14 | 3 | 9 | 7 | 16 | 3 | 5 |
| Free cash flow | 116 | 54 | −157 | −17 | 265 | 173 | −67 | 135 |
| Stock-based pay | 1 | 2 | 1 | 2 | 51 | 8 | 12 | 9 |
| Free cash flow after stock pay | 115 | 53 | −158 | −19 | 214 | 165 | −78 | 126 |
| Last 12 months unless stated | NIQ | FCN | TRU | TTEK | ULS | VRSK | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $4.4bn | $4.0bn | $5.0bn | $5.1bn | $3.1bn | $3.1bn | $632m |
| Revenue growth, last 12 months | 8.9% | 7.8% | 13.4% | −7.6% | 6.6% | 5.0% | 4.8% |
| Revenue growth, 3-year average | — | 6.0% | 10.1% | 6.8% | — | 6.9% | 6.8% |
| Revenue growth, latest quarter | 8.0% | 5.9% | 12.2% | −4.5% | 5.2% | 4.4% | 4.4% |
| Gross margin | — | 32.2% | — | 18.8% | 50.3% | 70.2% | 43.9% |
| Operating margin | 1.9% | 8.8% | 19.3% | 12.1% | 17.9% | 43.9% | 6.1% |
| Operating margin, 3-year average | — | 9.8% | 17.2% | 9.3% | 16.3% | 43.2% | 6.0% |
| Net margin | −8.0% | 5.9% | 15.8% | 8.6% | 16.1% | 28.2% | 3.1% |
| Cash from operations / revenue | 12.2% | 9.9% | 24.0% | 11.2% | 21.6% | 47.9% | 9.6% |
| Free-cash-flow margin | 11.5% | 8.9% | 18.1% | 10.8% | 13.9% | 39.4% | 7.4% |
| Free-cash-flow margin, 3-year average | — | 7.2% | 14.3% | 8.6% | 12.1% | 34.9% | 8.6% |
| Stock pay / revenue | 1.8% | 1.1% | 3.0% | 0.7% | 2.0% | 1.8% | 2.5% |
| Change in share count | — | −14.5% | −2.0% | −2.5% | 0.6% | −3.6% | 0.5% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 8.9% | 4.8% | 12 of 33 |
| Change in growth rate Growth | +0.6pp | +0.6pp | 16 of 33 |
| Operating margin Profitability | 1.9% | 6.1% | 21 of 31 |
| Net margin Profitability | -8.0% | 3.1% | 26 of 33 |
| Free-cash-flow margin Cash generation | 11.5% | 7.4% | 9 of 33 |
| Stock pay as % of revenue Cash generation | 1.8% | 2.6% | 10 of 30 |
| Long-term debt as % of assets Balance sheet | 51.0% | 22.7% | 20 of 21 |
| Days sales outstanding Balance sheet | 71 days | 63 days | 19 of 29 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| EMEA | $1.9B | 44.4% | ▲ 7.7% |
| Americas | $1.6B | 38.9% | ▲ 5.3% |
| APAC | $702M | 16.7% | ▲ 1.6% |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Intelligence Product and Services | $3.4B | 80.8% | ▲ 6.6% |
| Activation Product and Services | $804M | 19.2% | ▲ 2.1% |
From NIQ Global Intelligence plc's 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Advent International, L.P. | $1.5B | 160.3M | 64.4% | ▲ 7.3% |
| Kohlberg Kravis Roberts & Co. L.P. | $281M | 30.0M | 12.1% | 0.0% |
| Commonwealth Equity Services, LLC | $39.1M | 4.2M | 1.7% | ▲ 11044.1% |
| Jne Partners LLP | $34.9M | 3.7M | 1.5% | 0.0% |
| DNB Asset Management As | $34.2M | 3.7M | 1.5% | 0.0% |
| Vanguard Portfolio Management LLC | $33.8M | 3.6M | 1.5% | ▲ 9.9% |
| Vanguard Capital Management LLC | $32.4M | 3.5M | 1.4% | ▼ 1.4% |
| Alamut Investment Management LLP | $32.1M | 3.4M | 1.4% | ▼ 8.1% |
| Blackbarn Capital Partners LP | $27.2M | 2.9M | 1.2% | ▲ 40.0% |
| Alyeska Investment Group, L.P. | $26.1M | 2.8M | 1.1% | ▼ 20.7% |
| Cinctive Capital Management LP | $25.4M | 2.7M | 1.1% | ▲ 231.5% |
| Blackrock, Inc. | $24.8M | 2.7M | 1.1% | ▼ 1.6% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not NIQ Global Intelligence plc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Peck James M See Remarks | May 18, 2026 | Buy | 118,625 | $8.43 | $1M |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around October 30, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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