⏱ 1 min read
Background
Temenos, the Geneva banking software maker, acquired Zurich fintech Additiv in July. It published its third-quarter results on Wednesday 28 October 2026, finews reports.
The key points
Revenue rose 13% to 292.8 million dollars. Adjusted operating profit (EBIT) reached 109.3 million, up 29%. It clearly beat analysts' expectations of 99.9 million.
Temenos attributes this profitability partly to efficiency gains from artificial intelligence, without quantifying them. Subscription and software-as-a-service (SaaS) revenue, however, grew by only 23%, against at least 30% announced. A large contract in Africa was not signed until October.
The group is raising its annual forecast: it now expects adjusted EBIT growth of around 12 %, compared with 9% previously.
Key figures
- 292.8 million dollars : revenue for the quarter, up 13%
- 109.3 million dollars : adjusted EBIT, up 29%
- 37,3 % : adjusted operating margin, compared with 32.7%
- 903.6 million dollars : annual recurring revenue
- 480 million dollars : adjusted EBIT target for 2028
What it means for businesses
- Banks and wealth managers : the integration of Additiv strengthens Temenos's software offering.
- Shareholders : adjusted earnings per share are expected to rise 10% in 2026, compared with 7% forecast.
What's next
- Medium-term targets confirmed for 2028.
