Omnicom Q2: Revenue at $6.6 billion, adjusted EPS jumps 29% on back of IPG integration

Omnicom Group has reported robust second quarter 2026 results, with core operations revenue rising 7.2% to $6.0 billion, driven by 6.1% organic growth, as the marketing and sales company continues to reap the benefits of its merger with The Interpublic Group of Companies (IPG).

On a reported basis, Omnicom posted revenue of $6.6 billion for the quarter ended June 30, 2026, up sharply from $4.0 billion in the same period last year, largely reflecting the consolidation of IPG, which closed on November 26, 2025. Diluted earnings per share came in at $2.08, while Non-GAAP Adjusted EPS rose 29.3% year-on-year to $2.65, from $2.05 in Q2 2025.

Adjusted EBITA from core operations increased $181.4 million to $1.1 billion, with the margin expanding to 17.8% from 15.9% a year earlier.

"Our second quarter results reflect the momentum of the new Omnicom. Revenue in our Core Operations grew 6.1% organically, and we had strong margin expansion," said John Wren, Chairman and CEO of Omnicom. "We are built for an era where speed, integration, and scale matter most. Our wins this quarter demonstrate that. Clients are consolidating more work with us because they see the competitive advantage our connected capabilities deliver."

Wren added that the company would strengthen its position as an "integrated growth partner" by focusing on agentic marketing transformation, deepening client partnerships, and helping clients navigate new consumer engagement models spanning sports and entertainment, social and creator economies, connected commerce, and AI-driven discovery.

The second quarter's 6.1% organic growth marks a clear acceleration from the first quarter of 2026, when Omnicom's core operations revenue grew 3.9% organically to $5.6 billion, with Adjusted EBITA of $833.5 million and a 14.8% margin. Diluted EPS in Q1 stood at $1.35, with Non-GAAP Adjusted EPS at $1.90, up 12% year-on-year.

The improvement in growth momentum between the two quarters, from 3.9% to 6.1% organically, alongside the margin expansion from 14.8% to 17.8%, points to the IPG integration gathering pace through the first half of the year.

Compared to Q2 2025, when Omnicom and IPG on a combined basis posted core revenue of $5.6 billion and Adjusted EBITA of $887.4 million at a 15.9% margin, the year-on-year improvement is stark: revenue up 7.2%, Adjusted EBITA up nearly 84% on a reported basis for the quarter, and margins up 190 basis points.

By discipline, Integrated Media, comprising media, commerce, data, CRM, consulting and content automation, contributed 52.5% of core revenue at $3.1 billion, and posted organic growth of more than 10%. Experiential and Other revenue, at 11.2% of the total, also grew over 10%, buoyed by activity linked to the FIFA World Cup. Public Relations grew at a mid-single-digit rate, and Health was flat, while Advertising revenue declined at a high-single-digit rate as the company continued to restructure and streamline agency brands following the IPG combination.

Geographically, the United States, accounting for 59% of core revenue, grew at a high-single-digit rate, while Latin America grew over 10%. Europe posted low-single-digit growth, Asia Pacific dipped slightly, and the Middle East and Africa saw a double-digit decline linked to regional conflict.

On the back of first-half performance, Omnicom raised its 2026 organic revenue growth outlook to 5%, up from its earlier guidance range of 4% to 4.5%. Management reiterated its target of $900 million in cost-reduction synergies for 2026 and $1.5 billion by mid-2028.

Omnicom also continued executing its portfolio streamlining strategy. More than half of its planned asset dispositions had been completed by the end of July, with the annualised revenue tied to divestitures and businesses held for sale now estimated at $3.5 billion to $3.6 billion, up from a previously flagged $3.2 billion. The company expects to complete the remaining transactions by year-end.

On capital returns, Omnicom has completed $3 billion of its $5 billion share-repurchase programme through the first half, including a $2.5 billion accelerated buyback. At June 30, gross long-term debt stood at $10.2 billion, with the company's debt-to-adjusted-EBITDA leverage ratio at 2.4 times, an improvement from 2.6 times a year earlier.

Wren pointed to agentic marketing transformation and the company's Omni platform, supported by data and identity capabilities from Acxiom, as key growth levers going forward, with new business wins in the quarter from clients including American Express, General Mills, Uber, Adidas, IBM and Subway.