Wolters Kluwer Reports 6% Organic Growth and Raises Operational Margin Target for 2025
The Dutch professional IT solutions group Wolters Kluwer released its annual results for 2025 on Wednesday, showcasing a 6% organic growth and an improvement in operational profitability. Total revenue reached EUR 6,125 million, up by 4% in reported figures and 7% in constant currencies.
Financial Performance in 2025
Wolters Kluwer recorded a revenue of EUR 6,125 million for the fiscal year 2025, marking a 4% increase in reported data and a 7% rise in constant currencies. The organic growth was stable at 6%, consistent with 2024, despite a 50 basis point negative impact from the decline in print. The adjusted operating result reached EUR 1,687 million, up by 9% in constant currencies, achieving a margin of 27.5%, at the top of the provided guidance range (27.1% to 27.5%). The group highlighted that nearly 70% of its digital revenues now come from AI-powered solutions. Product development investments remained stable in constant currencies, accounting for 11% of the revenue. The adjusted net profit grew by 6% in constant currencies to EUR 1,225 million, while the adjusted diluted earnings per share stood at EUR 5.29, up by 9% in constant currencies.
Projections for 2026
For 2026, Wolters Kluwer anticipates another year of solid organic growth, further margin increase, and a single-digit rise in adjusted diluted earnings per share in constant currencies. The group has raised its product development investment target to 12-13% of revenues for 2026 and beyond, while maintaining its goal to increase the adjusted operational margin. Restructuring expenses are expected to be between EUR 10 million and EUR 20 million in 2026, compared to EUR 37 million in 2025. Adjusted net financing costs in constant currencies are projected to rise to about EUR 110 million, from EUR 86 million in 2025. The group proposes a final dividend of EUR 1.59 per share for 2025, bringing the total annual dividend to EUR 2.52, an increase of 8%. Wolters Kluwer has announced its intention to buy back shares for EUR 500 million in 2026, following EUR 1.1 billion in 2025. The net available cash stood at EUR 891 million as of December 31, 2025, and the EUR 600 million credit line remained unused.
Major Acquisitions in 2025
In 2025, Wolters Kluwer completed three major acquisitions totaling EUR 896 million: Registered Agent Solutions (RASi) for EUR 386 million in March, Brightflag for EUR 436 million in June, and Libra for an initial payment of EUR 31 million in November, supplemented by a contingent consideration. Organic growth by division showed varied dynamics: Tax & Accounting at 7%, Health at 5%, Legal & Regulatory at 5%, Corporate Performance & ESG at 7%, while Financial & Corporate Compliance slowed to 3%. The adjusted operating cash flow increased by 12% in constant currencies to EUR 1,743 million. The net debt to EBITDA ratio stood at 2.0x as of December 31, 2025, up from 1.6x a year earlier, following the issuance of two EUR 500 million bonds in March and June 2025.
