WPP PLC
F:0WP
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WPP PLC
F:0WP
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Earnings Calls
Last Earnings Call
On track: WPP said it is meeting the plan for 2026, with management emphasizing that the business is stabilizing and showing better leading indicators across new business, retention and execution.
H1 growth: Like-for-like revenue less pass-through costs fell 4.7% in the first half, in line with guidance, but the second quarter improved to a 2.8% decline from 6.7% in Q1.
Margins held: Headline operating margin improved to 8.4% in H1, helped by cost savings and lower severance, though management said margins should come under pressure in H2 as investment and incentives ramp up.
New business: WPP ranked #1 for net new business in H1 2026, supported by wins such as Estée Lauder, Jaguar Land Rover, Henkel, Airbnb and Coca-Cola-related work.
Outlook: Full-year guidance was maintained, with H2 like-for-like revenue expected to decline low to mid-single digits and full-year headline operating margin expected at 12% to 13%.