Quarterly ResultAug 6, 2026, 08:13 AM
WPP H1 Revenue Less Pass-Through Costs £4.75B; FY Margin 12-13%
AI Summary
WPP reported H1 revenue less pass-through costs of £4,745m, a 4.7% LFL decline, and headline operating profit of £398m, down 2.7% LFL, with headline diluted EPS decreasing 24.5% to 15.1p. The company noted sequential improvement in Q2 LFL growth and is on track with its Elevate28 plan, including significant new business wins and cost savings. WPP maintains its full-year headline operating margin guidance of 12% to 13% and expects an improving LFL growth trajectory in the second half.
Key Highlights
- H1 revenue less pass-through costs: £4,745m, down 4.7% LFL.
- H1 headline operating profit: £398m, down 2.7% LFL.
- H1 headline operating profit margin: 8.4%, up 0.2pt LFL.
- H1 headline diluted EPS: 15.1p, down 24.5%.
- Q2 revenue less pass-through costs: £2,485m, down 2.8% LFL.
- Interim dividend maintained at 7.5p per share.
- FY headline operating margin guidance: 12% to 13%.
- Targeting £100m in-year cost savings for 2026.
Price Impact
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