Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Pluxee N.V. is a leading global provider of prepaid employee benefits and engagement solutions, operating in 28 countries across continental Europe, Latin America, and other regions. The company specializes in specific-purpose payment products such as meal, food, gift, mobility, health, wellbeing, and lifestyle benefits, which constitute the majority of its operating revenue. It also offers services in employee engagement, rewards and recognition, public benefits, and related areas like training and hybrid work support. Pluxee connects over 500,000 corporate clients with 1.7 million merchants, serving more than 37 million end users through digital platforms, prepaid cards, and vouchers. With a history rooted in over 45 years of experience from its origins as part of Sodexo Benefits and Rewards, Pluxee became a standalone listed company in 2024. It generated €1.29 billion in revenue and €453 million in adjusted EBITDA in fiscal 2025, demonstrating a highly cash-generative model with structurally negative working capital. As the second-largest player in the employee benefits market, Pluxee holds number-one positions in about half of its markets and supports local economies with €7 billion in fiscal 2025 business volume.
Margins and capital returns are both well above average: 28.05% operating margin, ROIC at 15.14%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 6.4%, steady but not accelerating.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
€1.29B
▲ +6.4% YoY
Net Income (TTM)
€218M
▲ +56.8% YoY
Op. Margin
28.05%
▼ -0.1pp YoY
ROIC
15.14%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€410M
▲ +27.3% YoY
Op. Cash Flow (TTM)
€508M
▲ +16.2% YoY
Net Debt
-€1.19B
Net Cash Position
Cash & Equiv.
€2.45B
3Y CAGR: +15.2%
3Y CAGR: +42.1%
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