NYSE$OMC

Omnicom Group Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2023 results, demonstrating revenue growth and strategic investments.

Omnicom reported a 5.0% increase in revenue for the fourth quarter of 2023, reaching $4,060.9 million. Organic growth was 4.4%. Diluted earnings per share increased to $2.13, with a non-GAAP adjusted EPS of $2.20.

  • Revenue increased by 5.0% to $4,060.9 million.
  • Organic growth reached 4.4%.
  • Diluted earnings per share increased to $2.13.
  • Non-GAAP adjusted diluted earnings per share was $2.20.

Headline financials

Total Revenue

$4.06B

Previous: $3.87B+5.0%
EPS (adj)

$2.20

Previous: $2.09+5.3%
Capital Expenditures

$14.2M

Previous: $12.6M+12.7%
Net Income

$426M

Previous: $430M-1.0%
Operating Income

$647M

Previous: $643M+0.6%
Gross Profit

$816M

Previous: $782M+4.4%
Stock-Based Comp

$21.2M

Previous: $20.4M+3.9%

Revenue & EPS history

Omnicom · Revenue · Quarterly

$4.06B

Q4 2023+5%vs Q4 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Omnicom · $1.22B total across 4 segments · Q4 2021

  • Public Relations
    $369M
  • Healthcare
    $330M
  • Precision Marketing
    $322M
  • Experiential
    $201M

Forward guidance

Omnicom is well-positioned for full year 2024 with solid fundamentals, opportunities in digital commerce and retail media from the Flywheel acquisition, and momentum in new business wins. Accelerated investments in analytics and AI will enhance the ability to drive outcomes for clients.

Tailwinds

  • Solid fundamentals
  • Tremendous opportunities in digital commerce
  • Tremendous opportunities in retail media from Flywheel acquisition
  • Momentum in new business wins
  • Accelerated investments in analytics and AI

Headwinds

  • Current global economic challenges
  • Geopolitical events
  • International hostilities
  • Acts of terrorism
  • Public health crises

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+0.3%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-0.5%

Avg return

30 days after

55%

40 / 73 earnings

Positive

+16.4%

Q4 2021

Best reaction

-10.6%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%-0.8%-5.5%
Q4 2025+10.8%+17.5%+7.0%
Q3 2025+3.1%+0.6%-4.9%
Q2 2025+1.2%+3.0%+2.4%
Q1 2025-7.3%-6.2%+0.2%
Q4 2024-2.3%-5.0%-2.2%
Q3 2024+2.2%+1.2%+1.7%
Q2 2024-2.4%-2.9%+2.6%
Q1 2024+2.1%+2.3%+6.7%
Q4 2023-2.8%-4.7%+4.4%
Q3 2023-0.9%-2.7%+1.2%
Q2 2023-10.6%-14.7%-19.9%
Q1 2023-3.7%-1.9%-1.6%
Q4 2022+2.0%+0.1%-3.4%
Q3 2022+1.3%+3.9%+12.9%
Q2 2022+7.0%+5.3%+11.8%
Q1 2022+7.4%+0.5%-4.7%
Q4 2021+16.4%+9.5%-0.6%
Q3 2021-2.2%-7.1%-11.4%
Q2 2021-3.5%-5.3%-6.9%
Q1 2021+1.6%+2.4%+4.2%
Q4 2020+0.8%+5.4%+13.9%
Q3 2020-10.1%-7.9%+25.2%
Q2 2020-5.2%-5.8%-3.6%
Q1 2020+12.9%+2.9%+1.5%
Q4 2019+2.4%+1.5%-26.6%
Q3 2019+0.5%+0.3%+4.5%
Q2 2019-3.2%-4.4%-8.2%
Q1 2019+9.0%+7.0%+2.8%
Q4 2018-0.5%+1.5%+2.4%
Q3 2018+8.9%+10.9%+10.4%
Q2 2018-9.6%-12.7%-11.2%
Q1 2018+1.0%-0.4%+0.4%
Q4 2017-4.9%-5.3%-10.6%
Q3 2017+2.1%-0.3%-8.8%
Q2 2017+2.5%-1.5%-4.9%
Q1 2017-3.0%-3.4%-4.4%
Q4 2016-2.8%-2.4%-2.7%
Q3 2016-3.0%-3.7%+5.4%
Q2 2016-2.6%-1.9%-0.8%
Q1 2016-2.2%
Q4 2015+5.4%
Q3 2015+0.8%
Q2 2015-0.5%
Q1 2015-0.0%
Q4 2014-0.2%
Q3 2014-0.5%
Q2 2014+1.3%
Q1 2014-3.8%
Q4 2013-1.8%
Q3 2013+1.0%
Q2 2013-2.1%
Q1 2013-2.1%
Q4 2012+2.4%
Q3 2012-4.9%
Q2 2012+2.3%
Q1 2012+0.5%
Q4 2011+1.3%
Q3 2011+1.8%
Q2 2011+1.0%
Q1 2011+0.6%
Q4 2010+3.7%
Q3 2010+1.3%
Q2 2010-1.3%
Q1 2009+0.3%
Q1 2010-2.6%
Q4 2007+0.5%
Q4 2009+0.5%
Q3 2009-1.3%
Q3 2008-1.3%
Q2 2009+3.2%
Q4 2008+3.2%
Q2 2008+3.2%

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