Amadeus IT Group, S.A.

AMADYES

Amadeus IT Group, S.A. operates as a leading global technology partner and transaction facilitator for the travel and tourism sector. The company's extensive activities are organized into two core divisions: Distribution and IT Solutions. It provides an essential international network facilitating real-time search capabilities, dynamic pricing, booking, and ticketing services. Additionally, Amadeus equips travel service providers with a comprehensive suite of technological innovations designed to automate critical operational tasks, including reservation systems, inventory control, and departure management. The company's diverse offerings also encompass software development and deployment, regional support, data processing, intermediation, consulting, various information technology services, financial activities, and e-commerce solutions. Amadeus caters to a broad spectrum of clients across the travel ecosystem, including airlines, airports, hotels, tour operators, insurance providers, ground and sea transport companies, travel sellers, brokers, corporate travel buyers, and ground handlers. Founded in 1987 and headquartered in Madrid, Spain, the company adopted its current name, Amadeus IT Group, S.A., in August 2016, previously trading as Amadeus IT Holding, S.A.

Founded1987IPO year2011As of2026-08-04
Market Cap
$27.96B
Enterprise Value
$30.58B
EV / LTM Revenue
4.9x
EV / NTM Revenue
4.2x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
4.2x
Gross Profit
10.3x
EBITDA
8.0x
Classification
Sector
Internet & Digital Commerce
Sub-sector
Travel & Booking
Listing
AMADY
Country
ES
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY68%21%13%6%6%9%
Revenue$2.67B$4.49B$5.44B$6.14B$6.50B$6.87B$7.46B
Gross Profit$835M$1.87B$2.24B$3.12B$2.64B
Gross Profit Margin31.3%41.7%41.2%50.8%40.6%
EBITDA$552M$1.60B$2.03B$2.36B$2.52B$3.63B$3.94B
EBITDA Margin20.7%35.7%37.4%38.4%38.8%52.8%52.8%
EBIT($83M)$963M$1.41B$1.62B$1.76B$3.48B$3.78B
Net Income($142M)$665M$1.14B$1.25B$1.33B$1.53B$1.71B
Free Cash Flow$210M$1.44B$2.36B$2.19B$1.57B
FCF Margin7.9%32.1%43.3%35.6%24.1%
Short-Term Debt$594M$1.28B$529M$723M$642M
Long-Term Debt$4.15B$2.91B$2.58B$2.45B$2.45B
Cash & Cash Equivalents$1.13B$1.43B$1.04B$1.05B$975M
Net Debt$3.61B$2.76B$2.07B$2.12B$2.11B
Net Debt / EBITDA6.5x1.7x1.0x0.9x0.8x
Rule of 40100.1%64.6%48.5%29.9%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.