Elisa Results Q3 2026: Revenue, Profit and Margins
In Q3 2026, Elisa’s revenue was €560.9 million, up 0.1% from Q3 2025. Operating profit was €126.1 million, an operating margin of 22.5% (Q3 2025: 24.7%). Net income for the period was €91.2 million and earnings per share €0.57.
Elisa income statement Q3 2026: where the revenue went
Of every €100 of revenue in Q3 2026, €22.5 was left as operating profit and €16.3 as net income.
Key figures for Q3 2026
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Revenue, €M | 560.9 | 560.6 | +0.1% |
| Operating profit, €M | 126.1 | 138.6 | −9.0% |
| Operating margin | 22.5% | 24.7% | −2.2 pp |
| Adjusted operating profit, €M | 131.0 | 139.0 | −5.8% |
| Net income, €M | 91.2 | 103.3 | −11.7% |
| Net margin | 16.3% | 18.4% | −2.2 pp |
| Earnings per share | €0.57 | €0.64 | −10.9% |
Elisa in charts
Elisa from revenue to net income, Q3 2026
Net income was €91.2 million on revenue of €560.9 million, a net margin of 16.3%.
What drove Elisa’s operating profit
Operating profit fell from €138.6 million in Q3 2025 to €126.1 million in Q3 2026. The chart shows which lines of the income statement made up the change.
Elisa revenue by segment
In Q3 2026, the largest segment was Consumer Customers with 61.5% of revenue, followed by Corporate Customers (31.7% of revenue).
Elisa profitability: profit margins by quarter
In Q3 2026, Elisa’s operating margin was 22.5% (Q3 2025: 24.7%) and net margin 16.3% (Q3 2025: 18.4%). From Q1 2023 to Q3 2026, the operating margin ranged from 14.2% (Q4 2025) to 25.4% (Q3 2024).
Elisa revenue growth by quarter
Revenue was €560.9 million in Q3 2026, up 0.1% from Q3 2025. The highest quarter from Q1 2023 to Q3 2026 was Q4 2025, with €588.3 million.
Elisa operating profit by quarter
Operating profit was €126.1 million in Q3 2026 (Q3 2025: €138.6 million). Adjusted operating profit was €131.0 million (Q3 2025: €139.0 million).
Elisa revenue and earnings, last twelve months
In the twelve months to the end of Q3 2026, revenue was €2,248.4 million (−0.0% on a year earlier) and net income €330.1 million.
Elisa earnings per share (EPS)
Earnings per share were €0.57 in Q3 2026 (Q3 2025: €0.64).
Quarterly results
| Quarter | Revenue | Change y/y | Operating profit | Operating margin | Net income | EPS |
|---|---|---|---|---|---|---|
| Q3 2026 | 560.9 | +0.1% | 126.1 | 22.5% | 91.2 | €0.57 |
| Q2 2026 | 550.8 | −0.3% | 118.1 | 21.4% | 89.0 | €0.55 |
| Q1 2026 | 548.4 | −1.3% | 124.0 | 22.6% | 91.4 | €0.57 |
| Q4 2025 | 588.3 | +1.5% | 83.6 | 14.2% | 58.5 | €0.36 |
| Q3 2025 | 560.6 | +4.6% | 138.6 | 24.7% | 103.3 | €0.64 |
| Q2 2025 | 552.4 | +2.0% | 122.1 | 22.1% | 90.1 | €0.56 |
| Q1 2025 | 555.8 | +4.0% | 121.6 | 21.9% | 89.9 | €0.56 |
| Q4 2024 | 579.7 | +2.9% | 118.6 | 20.5% | 82.2 | €0.51 |
Annual results
| Year | Revenue | Operating profit | Operating margin | Net income | EPS |
|---|---|---|---|---|---|
| 2025 | 2,257.1 | 465.9 | 20.6% | 341.8 | €2.13 |
| 2024 | 2,191.5 | 487.6 | 22.2% | 356.4 | €2.23 |
| 2023 | 2,180.5 | 481.8 | 22.1% | 374.0 | €2.34 |
Revenue by segment
| Segment | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Consumer Customers | 345.0 | 341.0 | +1.2% |
| Corporate Customers | 178.0 | 186.0 | −4.3% |
| International Software Services | 38.0 | 34.0 | +11.8% |
Dividends
| Financial year | Dividend per share | EPS | Payout ratio | Status | Source |
|---|---|---|---|---|---|
| 2025 | €2.40 | €2.13 | 112.7% | Board proposal | Release |
| 2024 | €2.35 | — | — | Decided by the AGM | Release |
“Board proposal” is the dividend the board proposed in the financial statements release. The annual general meeting usually approves it, but check the company’s AGM release for the final decision. Payout ratio is dividend per share divided by basic earnings per share (payout ratio); N/M means not meaningful (loss).
Guidance vs. actual
What Elisa told investors to expect in each report, and what it then reported for the year.
| Metric | Latest guidance (report) | Actual | Outcome |
|---|---|---|---|
| Revenue, 2026 | Flat or up (H1 '26) | — | Year in progress |
| Revenue growth, 2026 | Flat or up (9M '26) | — | Year in progress |
| Adjusted EBITDA, 2026 | €815M–€845M (9M '26) | — | Year in progress |
| Capital expenditure, % of revenue, 2026 | About 12% (9M '26) | — | Year in progress |
| International Software Services: revenue growth (organic), 2026 | 5%–10% (9M '26) | — | Year in progress |
| telecom services: revenue growth, 2026 | 0%–2% (9M '26) | — | Year in progress |
| Telecom services: revenue growth, 2026 | 0%–2% (H1 '26) | — | Year in progress |
| Revenue, 2025 | Flat or up (H1 '25) | €2,257M | In line with guidance |
| Revenue growth, 2025 | Flat or up (9M '25) | 3.0% | In line with guidance |
| Adjusted EBITDA, 2025 | Flat or up (H1 '25) | €808M | In line with guidance |
| Adjusted EBITDA growth, 2025 | Flat or up (9M '25) | 3.2% | In line with guidance |
| Capital expenditure, % of revenue, 2025 | At most 12% (9M '25) | 12% | Within guidance |
Guidance and actuals are as the company reported them, on the same basis (for example adjusted, or growth at constant currency). “Within guidance” means the actual is inside the latest range or meets the stated minimum or maximum; an “about” figure allows ±5% (±0.5 percentage points for percentages). For a direction such as “flat”, a change of less than 2% (0.5 points for margins) counts as flat. Guidance changed in a separate release between reports is shown from the next report onwards.
Calculate it yourself
- Operating margin calculatorElisa in Q3 2026: 22.5%
- Net margin calculatorElisa in Q3 2026: 16.3%
- Earnings per share calculatorElisa in Q3 2026: €0.57
About Elisa
Elisa is a Finnish telecommunications, ICT and online services company and the leading mobile operator in Finland. It also sells software to telecom operators and industrial customers internationally.
- Elisa interim report Jan–Sep 2026, published Oct 21, 2026
- Elisa half-year report Jan–Jun 2026, published Jul 15, 2026
- Elisa interim report Jan–Mar 2026, published Apr 21, 2026
- Elisa financial statements release 2025, published Jan 30, 2026
- Elisa interim report Jan–Sep 2025, published Oct 23, 2025
- Elisa half-year report Jan–Jun 2025, published Jul 15, 2025
- Elisa interim report Jan–Mar 2025, published Apr 17, 2025
- Elisa financial statements release 2024, published Jan 31, 2025
- Elisa interim report Jan–Sep 2024, published Oct 18, 2024
- Elisa half-year report Jan–Jun 2024, published Jul 16, 2024
About these figures. All figures come from Elisa’s published interim reports and financial statements releases, linked above, and are checked against them before publication. Errors are still possible, so confirm any figure in the original report before relying on it. Amounts are in millions of the reporting currency. Quarters reported only cumulatively (for example the fourth quarter) are derived by subtraction, and when a company restates earlier figures, older quarters on the previous basis are left out of comparisons. Margins and changes are calculated by Finpendium. This page is for information only and is not investment advice or a recommendation to buy or sell any security. See how the figures are checked and our Disclaimer. Spotted an error? Let us know.