Finance News
By Sakamoto Nashi
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Banking Client Losses Hit Merchant Revenue Hard. Nexi lost Italian banking clients because of mergers in the domestic banking sector.
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Issuing Solutions Picks Up the Slack. Nexi's Issuing Solutions segment had a better half. Transaction numbers jumped 8.6% to 11.
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Debt Down, Dividend Paid, Targets Held. On the balance sheet side, Nexi paid down roughly €1 billion in debt maturities.
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Nexi moved more money than ever. The Italian payments processor logged 10.23 billion merchant-payment transactions in the first half of 2026, up 5.
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Merchant Solutions, which accounts for 56% of group revenue, brought in €976 million, down 0.8%.
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The culprit, basically, is client churn and contract pressure.
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Nexi lost Italian banking clients because of mergers in the domestic banking sector. Contract renegotiations added more pressure.
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Second-quarter costs rose 4.2% to €442 million. That pushed the EBITDA margin down to 51.7% from 53.3% a year earlier.
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So the headline profit figure is probably not the one to dwell on here.
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Nexi's Issuing Solutions segment had a better half. Transaction numbers jumped 8.6% to 11.31 billion, and the value of those transactions rose 7.2% to €480 billion.
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See also: Ethereum and Solana Lost $3.1 Billion to Hackers in the First Half of 2026
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Digital Banking Solutions moved fastest of all Nexi's divisions. Revenue there rose 4.5% to €189 million for the first half, with the second quarter alone hitting €100 million —…
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And Nexi's not done pushing into digital infrastructure. The company is participating in the European Central Bank's digital euro pilot as an acquiring provider.
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On the balance sheet side, Nexi paid down roughly €1 billion in debt maturities. It also distributed approximately €350 million in dividends, including a €0.
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The company is aiming for roughly €750 million in excess cash generation for 2026. Revenue growth is expected to be similar to 2025 levels, and Nexi wants EBITDA to stay roughly…
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