Nexi, Europe’s leading PayTech company, unveiled its 2026–2028 strategic plan at Capital Markets Day in Milan, targeting approximately €2.4 billion in total excess cash generation over the three-year period, a proposed dividend of €350 million (€0.30 dividend per share, corresponding to ~9% dividend yield), and a return to mid-single-digit revenue growth by 2028.
The plan, approved by the Board of Directors on 4 March 2026, builds on the Group’s record of disciplined growth and positions Nexi as the strategic payments infrastructure for a rapidly evolving European digital economy.
“Over the last three years, Nexi has continued to grow profitably in an increasingly dynamic environment, doubling cash generation and starting dividend distributions to its shareholders” said Paolo Bertoluzzo, CEO of the Nexi Group. “Our investments, product innovation and gradual adoption of artificial intelligence strengthen every day our ability to simplify growing complexity and generate new growth opportunities, thanks to the commitment and competence of our people. On this basis, we are entering a new phase of sustainable development, supported by a diversified and attractive business portfolio which, combined with continued operational excellence and disciplined investments, will allow us to continue in our cash generation and shareholder remuneration journey, always ready to face the challenges and capture the opportunities of a sector that is undergoing a continuous and extraordinary evolution.”
Over the past three years, Nexi expanded net revenues to €3.6 billion and generated €2.1 billion of excess cash, enabling €1.1 billion in capital returns to shareholders and reducing financial leverage to 2.6x while achieving Investment Grade credit status. The Group delivered €1.9 billion of EBITDA in 2025, a best-in-class margin of 53%, reflecting sustained operational excellence across its Merchant Solutions, Issuing Solutions, and Digital Banking Solutions segments.
The strategic plan is anchored on three interconnected priorities. In Merchant Solutions, Nexi will accelerate growth across SMEs, mid-market eCommerce, and national mid-corporate segments through its SmartPay omni-acceptance platform, the Nexi Checkout collecting solution, and a planned expansion of its direct sales force by over 600 people.
In Issuing Solutions, the Group will deepen its advanced digital issuing capabilities via Nexi Ready — a next-generation pan-European platform recently launched in Germany and set for progressive geographic expansion, enabling banks and corporates to deliver faster innovation with lower operational complexity. Across all segments, pervasive AI adoption and continued technology transformation will drive efficiency gains and product differentiation.
For 2026, Nexi targets net revenue growth broadly in line with 2025, EBITDA broadly stable after strategic investments, and excess cash of approximately €750 million. Looking to 2028, the Group expects revenues to return to mid-single-digit growth and EBITDA margins to resume their expansion trajectory, as the temporary headwinds from exceptionally high bank contract renegotiations normalise. Leverage is expected to decline to a 2.0x–2.5x target range over the period.
On capital allocation, Nexi’s Board has proposed a 2026 dividend of €0.30 per share, approximately €350 million in total, representing a yield of roughly 9%, with a commitment to grow distributions by at least 5% per year, resulting in over €1.1 billion of total shareholder distributions across the three-year horizon. Nexi has reaffirmed its commitment to maintaining Investment Grade credit status throughout the plan period.
