Grifols posts Q3 2026 revenue growth, margin expansion and sub‑4x leverage

Grifols reported third‑quarter 2026 revenue of €2.04 billion, up 8.4% at constant currency, and adjusted EBITDA of €538 million, giving a margin of 26.4%. Biopharma sales rose 10.3% while albumin fell 13.2% amid China market pressure. Leverage improved to 3.98 × and the board approved an interim dividend of €0.15 per share.

The company said it remains on track to meet its 2026 full‑year adjusted EBITDA margin guidance of 25%, which signals continued profitability for investors. The lower leverage and dividend payout improve the share’s cash‑flow profile and may support the stock’s valuation.

  • 1Quarterly revenue was €2,040 million, up 8.4% at constant currency.
  • 2Adjusted EBITDA for the quarter was €538 million, yielding a margin of 26.4%.
  • 3Leverage ratio fell to 3.98 ×, the first time below 4.0 × in recent years.
  • 4The board approved an interim dividend of €0.15 per share.
  • 5Biopharma revenue grew 10.3% at constant currency in the quarter.
  • 6Albumin revenue declined 13.2% in the quarter.

Sources