Wells Fargo Adjusts Price Target on Omnicom to $97 From $93

Omnicom reported Q3 2026 revenue of $6.4B, with core operations revenue up 7.2% YoY to $6B. Total revenue for the year is $19.2B, up from $11.7B in 2025. Operating costs rose $5.4B YoY to $16.7B. The company expects $900M in cost reductions for 2026. Integrated media accounts for 53% of core operations revenue.

Omnicom has won the media business of Coca-Cola in the U.S. and Canada, following PepsiCo's decision to end a 30-year partnership with the company. This shift highlights Omnicom's ability to secure major clients in the beverage industry.

Omnicom reaffirmed its 2026 organic core revenue growth forecast at 5% and a $900 million synergy goal. Q3 2026 core revenue grew 7.2%, totaling $6.01 billion. Adjusted EBITDA rose 21.1% to $1.10 billion, with EPS up 21.9% to $2.73. The company expects 75-85% of synergies to impact the bottom line.

Omnicom reports substantial completion of its IPG acquisition, expecting $900M in cost savings. Q3 revenue grew 7.2% to $6B, with media leading at 10% growth. Coca-Cola awarded Omnicom its NA media duties, while PepsiCo moved to Publicis. Executive departures impacted advertising revenue, which declined in the mid-single digits.

Omnicom Group Inc. reported 3Q 2026 revenue of $6.42B, up 59.1% YoY, and net income of $656M, up 92.2%. EPS was $2.38, compared to $1.75 a year earlier. Growth was driven by IPG's inclusion and organic growth. Integrated Media was the largest revenue contributor.

Omnicom Group reported 7.2% organic revenue growth and 18.2% core adjusted EBITA margin for Q3, with core revenue at $6.01B. The company cited cost synergies and the IPG acquisition for driving a 21.1% increase in core adjusted EBITA to $1.10B. Adjusted EPS rose 21.9% to $2.73. Omnicom expects to meet its $900M cost-synergy target for 2026.