25 November 2025
If you are covering Compass’ latest financial results, please find below a comment from Mamta Valechha, consumer discretionary analyst at Quilter Cheviot:
“Compass reported its full year results this morning, slightly beating expectations in the process. Group organic revenue growth is up 8.7%, which implies growth accelerated in its final quarter of its financial year from the previous quarter, ending the year strongly.
“This was driven by strong retention rate at over 96%, along with net new business wins which continue to grow in the middle of the group’s target range at 4.5%. Growth in North America is looking particularly strong, with growth of 9.1% and accounting for almost two-thirds of Compass’ revenues. Much of the wider growth in revenues has come as a result of price increases, but pleasingly volume growth has also risen.
“Initial 2026 guidance sets revenue growth in line with expectations and operating profit growth ahead. Compass is guiding operating profit growth of 10% driven by 7% organic growth, 2% from mergers and acquisitions and some margin progression. The company continues to have a resilient business model which is flexible and has significant scale, so these targets should be achievable. As the macroeconomic environment continues to put pressure on corporations, we are likely to see no slowdown in the trend of outsourcing and as such Compass remains well placed to capture that demand.”
