Amadeus ended the year strongly, accelerating both revenue growth and profitability expansion. In 2025, group revenue grew 6.1% for the full year, or 8.5% at constant currency (10.0% in the fourth quarter), while adjusted EBIT increased 10.2% at constant currency (15.4% in the fourth quarter).
The company continued strategic investment, deploying more than €1.4 billion ($1.6 billion) in R&D, representing over 20% of group revenue. Free cash flow reached €1,302.2 million in 2025, 6.9% higher than 2024 (excluding non-recurring positive impacts in 2024), and a €1.3 billion share repurchase programme was completed in the fourth quarter.The air IT solutions segment delivered revenue growth of 6.4% in 2025, or 8.7% at constant currency, driven by a 3.8% increase in passengers boarded and a 4.7% expansion in revenue per passenger boarded (at constant currency).Growth was supported by positive pricing dynamics, customers adopting additional solutions, incremental revenues from the Nevio offering, and strong expansion in Airport IT and Airline Professional Services.Hospitality and other solutions revenue rose 6.1% in 2025, or 9.6% at constant currency. Growth accelerated in the fourth quarter to 13.9% (at constant currency), supported by new customer wins, implementations, and improved revenue performance across several business domains.Air distribution revenue increased 5.9% in 2025, or 8.0% at constant currency. Growth was driven by a 2.8% rise in bookings and a 5.0% increase in revenue per booking (at constant currency), reflecting positive pricing dynamics from renewals, new contracts and inflation.Luis Maroto, President & CEO of Amadeus, commented: “In 2025, Amadeus once again delivered on its outlook while navigating a demanding macro environment. As the neutral and embedded execution layer at the heart of the industry, we are uniquely positioned to orchestrate the AI-enabled travel ecosystem. We act as the industry’s trusted system of record, with deep integration across customer workflows at global scale – AI reinforces and augments the Amadeus platform.Our customers continue to trust us with their core operations, and in 2025 we deepened those longstanding partnerships while also welcoming new customers choosing Amadeus for the first time. Across both groups, we saw growing adoption of our next generation retailing solutions, including our AI-native Nevio portfolio and AI-powered Stratos.Today, we are committing to low double-digit adjusted diluted EPS growth over our mid-term. Given our confidence in the future, coupled with our strong FY25 performance, in 2026 we will distribute a dividend at the top end of our dividend policy range and we will launch an additional share repurchase program of €500 million to be executed within six months.With this foundation, we are well placed to continue delivering industry transformation for our customers and partners. Looking ahead, we are optimistic about the future of the travel industry and the opportunity for Amadeus.” -TradeArabia News Service
Travel, Tourism & Hospitality
Amadeus posts 6.1pc revenue growth in 2025
