A global marketing and advertising holding company, Omnicom runs famous agency brands like BBDO, DDB, and TBWA, crafting ads, media, public relations, and digital commerce for clients across every industry. It was born in 1986 from a three-way merger of BBDO, DDB, and Needham Harper — a move designed to protect the agencies from 1980s hostile takeovers — and the name blends "omni" (all) with "communications." In November 2025 it absorbed Interpublic Group, creating one of the world's largest advertising companies.
Q2 2026 revenue rose 69.2% to $6.24B as the IPG merger lifted the combined top line.
The IPG merger reshaped the quarter. rose 69.2% to $6,242.9M and rose 42.8% to $646.2M, though fell 6.9% to $1.35 on $97.8M of merger-related costs and higher . Omnicom now carries a combined base whose underlying is only beginning to show through the deal math.
Key takeaways
rose 69.2% to $6,242.9M from $3,690.4M a year earlier, driven by the inclusion of IPG results; was 64.4% and foreign exchange added $174.2M.
rose 42.8% to $646.2M but fell 1.9 points to 10.4% from 12.3% a year earlier, primarily from $97.8M in merger-related integration, severance, and loss-on-disposition costs plus higher .
declined 6.9% to $1.35 from $1.45 while rose 40.8% to $405.2M versus the prior-year quarter.
Section summaries
Management's Discussion and Analysis
Q2 2026 revenue surged 63.4% to $6.6B driven by the IPG merger; organic growth was 6.1% and operating margin expanded to 14.1%.
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Worldwide increased $2.5B to $6.6B, with of 61.7% and a $69M favorable FX impact; the merger was the primary driver.
On a combined basis excluding and disposed businesses, core grew 6.7% with 3.9% and a 2.7% foreign exchange .
was 16.6%, down 0.4 points from 17.1% a year earlier; fell to 12.2% from 12.9%, with merger costs reducing it by 1.5 points and up $95.6M.
rose to $5.8B from $2.2B at year-end 2025, driven by debt issuance to refinance and fund share repurchases, while operating activities used $553.2M of cash.
What changed
Q2 2026 on the combined base: the prior watch item was whether it recovers toward 5-6% as FX turned positive; core grew 6.7% with 3.9% organic growth and a 2.7% FX , inside the guided range.
Merger-related costs: the prior watch was whether the $97.8M Q1 figure subsides; this filing reports the same $97.8M Q1 level and does not state Q2 costs separately, leaving the trajectory open.
from $5.8B: the prior watch was the trajectory from that level through integration; net debt rose to $5.8B from $2.2B at year-end 2025 on debt issuance for refinancing and repurchases.
Closed disposals of the ~$3.2B prior-year portfolio: the prior watch was closed deals and resulting base; this filing cites and disposed businesses excluded from core revenue but does not report closed amounts.
Risk factors: the 10-Q states no material change to the 2025 10-K risk factors, so the IPG merger execution and integration risks carry forward unchanged.
What to watch
Q3 2026 on the combined base and whether it recovers toward 5-6% as FX is guided to add 3.0% to .
Merger-related and repositioning costs in Q3 to see if the $97.8M Q1 figure subsides as integration proceeds.
from the $5.8B level as integration spending and synergy realization proceed through 2026.
Closed disposals of the ~$3.2B prior-year business portfolio and the resulting revenue base.
Organic growth from core operations was 6.1% for Q2 and 5.0% for H1, excluding disposed/held-for-sale businesses.
rose 110% to $922.5M, and improved from 10.9% to 14.1%, despite $87.1M in merger-related repositioning and integration costs.
All disciplines grew: Integrated Media (+$1.3B), Advertising (+$367M), Public Relations (+$339M), Health (+$260M), and Experiential & Other (+$320M).
increased $4.4B to $6.7B due to debt issuances and usage; liquidity remains supported by a $3.5B and cash of $3.3B.
The decreased to 27.0% from 29.4%, partly due to non-deductible merger costs in the prior year.
Quantitative and Qualitative Disclosures About Market Risk
We manage our exposure to foreign exchange rate risk and interest rate risk through various strategies, including the use of derivative financial instruments. We use forward foreign exchange contracts as economic hedges to manage the cash flow volatility arising from foreign exc…
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We manage our exposure to foreign exchange rate risk and interest rate risk through various strategies, including the use of derivative financial instruments. We use forward foreign exchange contracts as economic hedges to manage the cash flow volatility arising from foreign exchange rate fluctuations. We use net investment hedges to manage the volatility of foreign exchange rates on the investment in our foreign subsidiaries. We do not use derivatives for trading or speculative purposes. Using derivatives exposes us to the credit risk that counterparties to the derivative contracts will fail to meet their contractual obligations. We manage that risk through careful selection and ongoing evaluation of the counterparty financial institutions based on specific minimum credit standards and other factors. Our 2025 10-K provides a detailed discussion of the market risks affecting our operations. No material change has occurred in our market risks since the disclosure contained in our 2025 10-K. Note 15 to the unaudited consolidated financial statements provides a discussion of our foreign currency derivatives and cross currency swaps as of June 30, 2026.
In the ordinary course of business, we are involved in various legal proceedings. We do not presently expect that these proceedings will have a material adverse effect on our results of operations or financial position.
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In the ordinary course of business, we are involved in various legal proceedings. We do not presently expect that these proceedings will have a material adverse effect on our results of operations or financial position.