AMADF (Amadeus IT Group) Operating Income: $2,062 Mil (TTM As of Mar. 2026)


AMADF Amadeus IT Group SA AMADF
85 GF Score
Price $58.87
GF Value $89.63
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Amadeus IT Group Operating Income?

Amadeus IT Group AMADF -0.28% 85 Operating Income is $2,062 Mil as of Mar. 2026. GuruFocus rates AMADF with a GF Score™ of 85/100 and a GF Value™ of $89.63 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Amadeus IT Group's Operating Income for the three months ended in Mar. 2026 was $549 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $2,062 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Amadeus IT Group's Operating Income for the three months ended in Mar. 2026 was $549 Mil. Amadeus IT Group's Revenue for the three months ended in Mar. 2026 was $1,945 Mil. Therefore, Amadeus IT Group's Operating Margin % for the quarter that ended in Mar. 2026 was 28.22%.

Amadeus IT Group's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Amadeus IT Group's annualized ROC % for the quarter that ended in Mar. 2026 was 13.03%. Amadeus IT Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 617.07%.


Amadeus IT Group  (OTCPK:AMADF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Amadeus IT Group's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2196.068 * ( 1 - 22.49% )/( (12089.812 + 14032.485)/ 2 )
=1702.1723068/13061.1485
=13.03 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13431.967 - 1989.813 - ( 1155.504 - max(0, 3551.171 - 2903.513+1155.504))
=12089.812

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13210.173 - 0 - ( 782.89 - max(0, 3500.925 - 2678.613+782.89))
=14032.485

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Amadeus IT Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2219.652/( ( (444.848 + max(-1002.108, 0)) + (274.566 + max(-665.202, 0)) )/ 2 )
=2219.652/( ( 444.848 + 274.566 )/ 2 )
=2219.652/359.707
=617.07 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1009.251 + 0 + 738.758) - (1989.813 + 0 + 760.304)
=-1002.108

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 1895.723) - (0 + 0 + 2560.925)
=-665.202

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Amadeus IT Group's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=549.017/1945.202
=28.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Amadeus IT Group Operating Income Related Terms


Amadeus IT Group Operating Income Historical Data

* Premium members only.

The historical data trend for Amadeus IT Group's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Amadeus IT Group Operating Income Chart

Amadeus IT Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -93.79 1,019.81 1,541.88 1,704.29 2,059.02

Amadeus IT Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 499.35 551.10 565.14 396.84 549.02
AMADF
85GF Score
Amadeus IT Group SA AMADF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Amadeus IT Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,062 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $2,062 Mil mean?
Amadeus IT Group (AMADF) has a Operating Income of $2,062 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Amadeus IT Group and its competitors.
Is Amadeus IT Group's Operating Income too high?
Amadeus IT Group's current Operating Income is $2,062 Mil. Overall, Amadeus IT Group has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amadeus IT Group's Operating Income compare to IBM and ACN?
Amadeus IT Group's Operating Income of $2,062 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Software company?
A good Operating Income depends on the Software industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Amadeus IT Group and its competitors. Amadeus IT Group's current Operating Income is $2,062 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amadeus IT Group stock overvalued right now?
Based on GuruFocus' analysis, Amadeus IT Group (AMADF) is currently considered Significantly Undervalued. The stock's GF Value™ is $89.63, compared to a current price of $58.87 — trading 34.3% below its estimated fair value. The current Operating Income is $2,062 Mil. Amadeus IT Group's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Amadeus IT Group (AMADF), the current Operating Income is $2,062 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Amadeus IT Group (AMADF) Overvalued in 2026?

Based on GuruFocus' analysis, Amadeus IT Group stock appears to be undervalued. The current stock price of $58.87 is trading 34.3% below its estimated GF Value™ of $89.63. GuruFocus considers Amadeus IT Group to be Significantly Undervalued.

Key valuation signals for AMADF:

  • Operating Income: $2,062 Mil
  • GF Value™: $89.63 vs. price of $58.87 (34.3% below fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the AMADF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amadeus IT Group Business Description

Address Salvador de Madariaga, 1, Madrid, ESP, 28027
Founded in 1987 by four major European airline carriers (Air France, Lufthansa, Iberia, and SAS), Amadeus became the world's second global distribution system operator, or GDS, after Sabre's development in the 1960s and 1970s. Today, among the top three GDS operators that control nearly 100% of industry sales, Amadeus' 40%-50% market share ranks as the largest. Overall, Amadeus' GDS segment represented 48% of total in 2025. Moreover, the company has an expanding IT solutions division (52% of 2025 revenue) that addresses the airline, airport, rail, hotel, and travel agency markets. Transaction fees, which are tied to volume and not price, account for the bulk of consolidated sales and profits.
85GF Score

Get the complete analysis for AMADF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$58.87
Price
$89.63
GF Value