Agencies

John Wren keeps Omnicom on US$900m cuts target as sales rise

John Wren said the integration was nearly complete, with core revenue at US$6.0bn, organic growth at 7.2 per cent and adjusted earnings per share up 21.9 per cent.

4 min read
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James Dore
By James Dore · 2026-10-22

TLDR

Omnicom grew organic revenue 7.2% in the third quarter, its first full Q3 since buying IPG, and says it is on track for US$900 million in cost savings from the deal this year. Asia Pacific brought in US$573.1 million. Omnicom gave no regional growth rate or headcount figure.

KEY TAKEAWAYS

01Core operations revenue was US$6.0 billion, up 7.2% organically; total revenue was US$6.42 billion.
02Adjusted diluted earnings per share rose 21.9% to US$2.73, and net income was US$656.0 million.
03John Wren says Omnicom is on track for US$900 million in cost-reduction synergies in 2026.
04The quarter carried US$84.7 million in repositioning charges, mostly property and exit costs tied to IPG.
05Asia Pacific revenue was US$573.1 million, 9.6% of core operations.

The quarter

Omnicom reported third-quarter revenue of US$6.42 billion on 22 October. Revenue from its core operations, which excludes businesses it has sold or plans to sell, was US$6.0 billion, up 7.2% on an organic basis.[1] It is the first third quarter Omnicom has reported with the former IPG agencies inside the group.[2]

Net income attributable to Omnicom was US$656.0 million. Adjusted diluted earnings per share rose 21.9% to US$2.73, and adjusted EBITA for core operations was US$1.1 billion, a margin of 18.2%.[1]

The cost of the merger

Chief executive John Wren said Omnicom is "on track to deliver $900 million in cost-reduction synergies in 2026". He described the business as having its "integration nearly complete and our portfolio of companies and operations streamlined", and said: "We'll continue investing in our people and agentic technology."[1]

The quarter carried US$84.7 million in repositioning charges, mostly property and other exit costs tied to the IPG acquisition, plus US$40.4 million in integration and transaction costs.[1] In February, Omnicom said it planned to sell about US$2.5 billion of revenue in businesses it called non-strategic or underperforming. About US$800 million had already gone, including the experiential agency Jack Morton.[3]

What it means in Australia

Omnicom does not break out Australian results. Asia Pacific brought in US$573.1 million, or 9.6% of core operations revenue, and the release gives no organic growth rate for the region and no headcount figure.[1]

Wren said the pitch market was "pretty healthy" and that Omnicom was "winning more than our fair share". B&T noted OMD's win of Qantas and Jetstar media across Asia Pacific.[2] The same week, Omnicom was reported to be out of Aldi's global creative review, after Aldi UK's relationship with McCann Manchester ended.[4]

For Australian clients and staff at OMD, UM and McCann, the result describes a group that is growing again while it keeps cutting: a 7.2% organic rise, property exit charges and a US$900 million savings target sit side by side in the same release.

FREQUENTLY ASKED QUESTIONS

How much did Omnicom grow in the third quarter of 2026?
Core operations revenue rose 7.2% on an organic basis to US$6.0 billion. Total revenue was US$6.42 billion.
How much does Omnicom expect to save from the IPG deal?
John Wren says Omnicom is on track to deliver US$900 million in cost-reduction synergies in 2026.
Did Omnicom report Australian results?
No. It reported Asia Pacific revenue of US$573.1 million, with no regional organic growth rate.
James Dore

James Dore

James Dore is founder and editor of Prompt the Market and Strategy Director at Bushnote, a Sydney strategy, SEO and AI search agency. He has a background in strategy, media and financial services, and led consumer product marketing at MONEYME. He writes on AI search, answer engines, technology policy and media economics.

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