Omnicom Group

OMC · NYSE · Communication Services · Financials, fiscal 2016 to 2025

OMC · Last close · October 26, 2026

$79.83

Omnicom Group's revenue rose 10.1% to $17.3 billion in fiscal 2025. Its operating margin was 2.6%, down from 14.5% a year earlier. Free cash flow was $2.8 billion, up 75.0%. It paid out $1.3 billion in dividends and buybacks, 45% of free cash flow. The diluted share count rose 3.2%.

OMNICOM GROUP INC. Latest fiscal year ended December 31, 2025 10-K filed February 20, 2026 · 0000029989-26-000006 Updated October 23, 2026

Revenue

$17.3B

10.1%

Operating margin

2.6%

11.9 pts

Net income

−$54M

$1.5B a year earlier

Free cash flow

$2.8B

75.0%

Return on capital

2.0%

25.4 pts

Market cap

$22.0B

Oct 26 close

P/E

77.5x

On $1.03 EPS, 4 qtrs

Operating margin is operating income as a share of revenue. Free cash flow is cash from operations minus capital spending. Return on capital is after-tax operating income as a share of the money invested in the business: debt plus equity, minus cash. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

What Omnicom Group does

Omnicom is a holding company for advertising, marketing and communications agencies. It sells services that include media planning and buying, creative work, public relations, health-care marketing, branding and retail marketing, events, and customer data and technology consulting. Its clients are many of the largest companies in the world. Its agencies include BBDO, TBWA, McCann, OMD, FleishmanHillard and Ketchum.

Omnicom earns its money by providing these services to clients. It groups its agencies into four global networks: Omnicom Advertising, Omnicom Media, the DAS Group of Companies and the Communications Consultancy Network. Its clients work in nearly every sector, and no one industry made up more than 15% of revenue in 2025. Its largest client was 2.4% of revenue, and its 100 largest clients were approximately 54%.

On November 26, 2025, Omnicom completed its merger with Interpublic Group (IPG), which became a wholly owned subsidiary. After the merger, former Omnicom shareholders owned approximately 60.6% of the combined company and former IPG shareholders approximately 39.4%. Omnicom says it is building generative AI into its planning, creative, media and analytics work.

Its biggest risks, as it describes them

Weaker client spending in a downturn, and the risk of loss on media bought on clients' behalf.
Losing several of its largest clients, or losing clients because of conflicts of interest between them.
Failing to join its business with IPG's as planned, and the costs of the merger.
Using generative AI and failing to keep up with new technology.
Cybersecurity incidents involving the systems and data it relies on.

From Omnicom Group's annual report on Form 10-K, filed February 20, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new 10-K.

Charts show fiscal years, from the 10-K filings.

Revenue and margins

Revenue

US$ billions, fiscal years

Margins

Percent of revenue

GrossOperatingNetFree cash flow

Net income and earnings per share

From fiscal 2016 to 2024, earnings per share grew 5.7% a year and net income 3.2% a year, as buybacks cut the share count by 17%. Omnicom Group then lost money in fiscal 2025.

Net income

US$ billions, fiscal years; loss years in red.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Returns on capital

Return on capital and on equity

Percent. Return on capital is after-tax operating income over the money invested in the business (debt plus equity, minus cash); return on equity is net income over shareholders' equity. Both use the average of opening and closing balances.

Return on capitalReturn on equity

Cash flow

Free cash flow

US$ billions. Cash from operations minus capital expenditure; negative years in red.

Payouts and share count

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Valuation

Two ways to value Omnicom Group yourself, both starting from its filings: a discounted cash flow model and the price-to-earnings method.

Discounted cash flow (DCF)

A discounted cash flow (DCF) model values a business as the cash it may generate in future, discounted back to today. The starting figures come from Omnicom Group's 10-K (or, for net cash and shares, its latest 10-Q) and the assumptions are yours: start from one of three example scenarios, then change any figure to see what it implies for a share, and how that compares with the last share price.

Value per share on three example scenarios, from Omnicom Group's fiscal 2025 free cash flow of $2.8B, net cash of −$2.6B at December 31, 2025 and 205 million diluted shares, from its filings. The scenarios are fitted to Omnicom Group: the base scenario's growth in years 1 to 5 is its revenue growth over the last 3 years, 6.5% a year; the cautious and optimistic ones are lower and higher, and growth in years 6 to 10 is halfway to the long-run rate. The base scenario's discount rate is 10%: 9% for a business of moderate risk (Advertising), plus 1 point for unsteady results (a loss in fiscal 2025); the cautious and optimistic ones use a point more and a point less. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.

From the filings

Starting free cash flow, US$ millions

Cash from operations minus capital spending in fiscal 2025.

Net cash, US$ millions

Cash and short-term investments minus debt and finance leases at December 31, 2025. Negative means net debt.

Diluted shares, millions

Weighted-average diluted shares in fiscal 2025.

Your assumptions

Start from

Fitted to Omnicom Group's own revenue growth, as above. Cautious: growth of 3.5% then 3% a year, 2% after year 10, a 11% discount rate. Base: growth of 6.5% then 4.5% a year, 2.5% after year 10, a 10% discount rate. Optimistic: growth of 10% then 6.5% a year, 3% after year 10, a 9% discount rate.

Free cash flow growth, years 1 to 5 (% a year)

Free cash flow growth, years 6 to 10 (% a year)

Growth after year 10 (% a year)Long-run growth forever after year 10. Usually close to inflation, and always below the discount rate.

Discount rate (% a year)The yearly return an investor wants for the risk. A higher rate gives a lower value.

Value per share on these assumptions

—

Last close, October 26, 2026: $79.83
Value on these assumptions, against the last close: —

Cash flows in years 1 to 10, valued today: —
Everything after year 10, valued today: —
Plus net cash: —
Share of value from after year 10: —

Projected free cash flow

US$ billions. Each column is one year's projected free cash flow, split into what it is worth today and the part removed by discounting.

Value todayRemoved by discounting

How the value changes with two assumptions

Value per share in US$, with the growth rates above. The highlighted cell matches the current assumptions.

How the model works. Free cash flow grows at the first rate for five years and the second rate for five more, and each year is discounted at the discount rate. Everything after year 10 is valued as year-10 cash flow × (1 + growth after year 10) ÷ (discount rate − growth after year 10), discounted back ten years. Net cash is added and the total is divided by diluted shares. The result depends entirely on the assumptions. It is not a forecast, a price target or a recommendation. The last close is the consolidated US closing price, from Databento.

Price-to-earnings (P/E) method

Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.

Value per share on three example scenarios, from Omnicom Group's earnings per share of $1.03 (over the last four quarters). Each grows earnings for a year at the cash flow scenarios' rates and applies a multiple to next year's earnings: 17.7×, the middle of Omnicom Group's own P/E today, its peers' median and its sector's median (its peers' median) for the base scenario, 20% less and more for the cautious and optimistic ones. The price is brought back a year at 11%, 10% and 9%. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.

Earnings per share, US$

Diluted earnings per share over the four quarters to September 30, 2026, from the 10-Qs and 10-K.

P/E multiple

P/E today is the last close divided by the latest earnings per share, the four quarters' where available. Peers: AppLovin, The Trade Desk, Ziff Davis, DoubleVerify.

Earnings growth in the years ahead (% a year) Starts at Omnicom Group's revenue growth over the last 3 years, 6.5% a year, as the base scenario does.

Earnings per share in the years ahead, US$

Year 1Year 2Year 3Year 4Year 5

Type your own estimate for any year; the years after it carry on at the growth rate.

Apply the multiple to earnings

A multiple on a future year's earnings gives the price then, brought back to today at the discount rate below.

Discount rate (% a year) The yearly return an investor wants for the risk, as in the cash flow model.

Value per share today at this multiple

—

Last close, October 26, 2026: $79.83
Value at this multiple, against the last close: —
Omnicom Group's P/E at the last close: 77.5×

Company	Last close	Earnings per share	P/E today
Omnicom GroupOMC	$79.83	$1.03	77.5×
DoubleVerifyDV	$13.55	$0.35	38.7×
AppLovinAPP	$260.74	$13.01	20.0×
The Trade DeskTTD	$12.77	$0.83	15.4×
Ziff DavisZD	$57.71	$17.68	3.3×

How the P/E method works. Value per share is earnings per share times the multiple. On a future year's earnings, that gives the price in that year, which is brought back to today at the discount rate: price ÷ (1 + discount rate) for each year ahead. It is quick and easy to compare across companies, but it ignores debt and cash, and earnings can swing with one-off gains and charges, so a multiple says most about steady, profitable businesses. Like the cash flow model, the result depends entirely on the assumptions you choose. It is not a forecast, a price target or a recommendation.

Balance sheet

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Cash and short-term investments	5,317	4,342	4,432	4,339	6,881
Debt incl. finance leases	5,870	5,775	5,819	6,216	9,439
Net debt (negative means net cash)	553	1,432	1,387	1,877	2,558
Net debt to EBITDA	0.2x	0.6x	0.6x	0.8x	3.5x
Debt to equity	1.8x	1.8x	1.6x	1.5x	0.8x
Interest coverage	9.3x	10.0x	9.6x	9.2x	1.7x
Current ratio	1.0x	1.0x	0.9x	1.0x	0.9x
Quick ratio	1.0x	1.0x	0.9x	1.0x	0.9x

US$ millions unless stated, at each fiscal year end. Net debt to EBITDA is debt minus cash, divided by operating income before depreciation and amortization: roughly how many years of those earnings the net debt equals. Debt to equity is debt as a multiple of shareholders' equity. Interest coverage is operating income divided by interest expense. The current ratio is current assets over current liabilities; the quick ratio leaves out inventory.

Insider trades

Over the 12 months between October 27, 2025 and October 26, 2026, no insider bought Omnicom Group shares on the open market, and 1 insider sold $237,808.

Date	Insider	Trade	Shares	Price	Value	Filing
Aug 24, 2026	Linda Johnson RiceDirector	Sold	1,385	$88.73	$122,891	Form 4
Mar 2, 2026	Linda Johnson RiceDirector	Sold	1,348	$85.25	$114,917	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Piotroski F-score

The F-score counts how many of nine simple tests of profitability, funding and efficiency a company passed in a year (Piotroski, 2000). The more tests passed, the stronger the year: 8 or 9 is strong, 0 to 2 weak. Companies that report no gross profit are scored on the other eight.

Test	FY23	FY24	FY25
Net income is positive	Pass	Pass	Fail
Cash from operations is positive	Pass	Pass	Pass
Return on assets rose	Pass	Pass	Fail
Cash from operations exceeds net income	Pass	Pass	Pass
Debt fell relative to assets	Fail	Fail	Fail
Current ratio rose	Fail	Pass	Fail
Share count didn't rise	Pass	Pass	Fail
Gross margin rose	Fail	Pass	Fail
Revenue rose relative to assets	Pass	Pass	Pass
F-score	6 of 9	8 of 9	3 of 9
Accruals ratio	−0.1%	−0.9%	−7.1%

The accruals ratio is net income minus cash from operations, over average total assets.

Compare

Put Omnicom Group side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Operating margin	Free cash flow margin	Return on capital	Net debt to EBITDA	F-score	Compare
Omnicom Group	FY25	10.1%	2.6%	16.1%	2.0%	3.5x	3
AppLovin	FY25	70.0%	75.8%	—	98.2%	0.3x	9	Compare
The Trade Desk	FY25	18.5%	20.4%	27.5%	—	—	—	Compare
Ziff Davis	FY25	3.5%	12.6%	19.8%	6.0%	0.6x	6	Compare
DoubleVerify	FY25	13.9%	10.6%	23.1%	—	—	—	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly. Free cash flow margin is free cash flow as a share of revenue. Net debt to EBITDA is explained under the balance sheet, and the F-score above.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	15,417	15,274	15,290	14,954	13,171	14,289	14,289	14,692	15,689	17,272
Revenue growth	1.9%	−0.9%	0.1%	−2.2%	−11.9%	8.5%	−0.0%	2.8%	6.8%	10.1%
Gross profit	2,767	2,806	2,853	2,760	2,182	2,790	2,681	2,710	2,924	1,467
Research and development	—	—	—	—	—	—	—	—	—	—
Operating income	2,030	2,084	2,134	2,122	1,599	2,198	2,083	2,105	2,275	445
Net income	1,149	1,088	1,326	1,339	945	1,408	1,316	1,391	1,481	−54
Diluted EPS (US$)	4.78	4.65	5.83	6.06	4.37	6.53	6.36	6.91	7.46	−0.27
Diluted shares (millions)	239	234	228	221	216	216	207	201	199	205
Cash flow
Cash from operations	1,952	2,024	1,722	1,856	1,725	1,945	926	1,422	1,734	2,938
Capital expenditure	166	156	196	102	75	666	78	78	141	150
Free cash flow	1,787	1,868	1,527	1,754	1,649	1,280	848	1,344	1,593	2,788
Dividends paid	505	515	548	564	563	592	581	563	553	550
Share buybacks	602	568	581	610	222	527	611	571	371	708
Acquisitions	309	26	350	10	67	160	277	93	902	1,080
Stock-based compensation	93	80	70	72	71	85	82	85	91	101
Balance sheet at fiscal year end
Cash and short-term investments	3,023	3,796	3,658	4,309	5,600	5,317	4,342	4,432	4,339	6,881
Debt incl. finance leases	4,929	4,912	4,908	5,272	5,951	5,870	5,775	5,819	6,216	9,439
Total assets	23,165	24,931	24,617	26,783	27,647	28,422	27,002	28,045	29,621	54,415
Total liabilities	20,506	21,779	21,510	23,410	24,070	24,648	23,226	23,820	24,875	41,722
Shareholders' equity	2,162	2,615	2,547	2,854	3,084	3,270	3,252	3,616	4,194	12,046
Margins and ratios
Gross margin	17.9%	18.4%	18.7%	18.4%	16.6%	19.5%	18.8%	18.4%	18.6%	8.5%
Operating margin	13.2%	13.6%	13.9%	14.2%	12.1%	15.4%	14.6%	14.3%	14.5%	2.6%
Net margin	7.5%	7.1%	8.7%	8.9%	7.2%	9.8%	9.2%	9.5%	9.4%	−0.3%
Free cash flow margin	11.6%	12.2%	10.0%	11.7%	12.5%	8.9%	5.9%	9.1%	10.2%	16.1%
Return on capital	29.3%	29.8%	36.8%	36.1%	28.2%	40.2%	31.4%	28.6%	27.4%	2.0%
Return on equity	49.8%	45.6%	51.4%	49.6%	31.8%	44.3%	40.4%	40.5%	37.9%	−0.7%
Return on assets	5.1%	4.5%	5.3%	5.2%	3.5%	5.0%	4.8%	5.1%	5.1%	−0.1%
Net debt to EBITDA	0.8x	0.5x	0.5x	0.4x	0.2x	0.2x	0.6x	0.6x	0.8x	3.5x

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Omnicom Group's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Omnicom Group.