Teamviewer Se · XETR:TMV
Teamviewer — Q2 2026 Earnings Presentation
42 slides from Teamviewer's earnings presentation, Jul 28, 2026
Slide 1: Q2 2026 Results
Q2 2026 Results 28 July 2026 The Digital Workplace Company
Slide 2: Important Notice / APMs
Important Notice / APMs This presentation as well as any information communicated in connection All subsequent written and oral forward-looking statements attributable to it therewith (the “Presentation”) contains information regarding TeamViewer or to persons acting on its behalf are expressly qual
Slide 3: Important Notice / APMs (continued)
Important Notice / APMs (continued) TeamViewer has defined each of the following APMs as follows: • Adjusted EBITDA is defined as operating income (EBIT) according to IFRS, plus depreciation • Average Selling Price (ASP) is calculated by dividing the total ARR by the total number of and amortization
Slide 4: Business Overview
Business Overview Oliver Steil Mark Banfield Chief Executive Officer Chief Revenue Officer The Digital Workplace Company
Slide 5: Q2 2026: DEX turnaround and TeamViewer ONE platform momentum; FY guidance reaffirmed
Q2 2026: DEX turnaround and TeamViewer ONE platform momentum; FY guidance reaffirmed DEX turnaround fueling Leading operational indicators Strategic position validated by TeamViewer ONE rapid scaling moved in the right direction, landmark ServiceNow and Enterprise growth: previously disclosed effect
Slide 6: Enterprise ARR momentum strengthened, DEX turnaround fueled TeamViewer ONE adoption
Enterprise ARR momentum strengthened, DEX turnaround fueled TeamViewer ONE adoption ENT ARR change Daily Avg. Billings quarter-over-quarter within month Enterprise ARR momentum (in m€ adjusted for FX effects) (in k€) turned positive in Q2, showing the improving customer adoption and expansion trends
Slide 7: Enterprise platform strategy gaining traction: highest-value ARR bucket up +11% cc
Enterprise platform strategy gaining traction: highest-value ARR bucket up +11% cc TeamViewer ONE adoption accelerated, driven by strong cross-sell and upsell momentum across DEX and Tensor, with several strategic DEX customers migrating to TeamViewer ONE and generating meaningful ARR uplift. 235.5
Slide 8: Early signs of stabilization in SMB churn
Early signs of stabilization in SMB churn churn expected to continue moderating in H2 2026 SMB (ARR view) SMB ARR change (€m; % yoy cc; pro forma) quarter-over-quarter (in m€ adjusted for FX effects) SMB trends showed encouraging 532.0 -4% cc 501.4 sequential improvement in Q2 € 1,500 - <10,000 ARR
Slide 9: Landmark strategic partnership with ServiceNow to deliver autonomous IT
Landmark strategic partnership with ServiceNow to deliver autonomous IT “By integrating ServiceNow's AI control tower for business reinvention and TeamViewer’s Platform Integration: TeamViewer’s market-leading DEX and endpoint capabilities, we're Remote Connectivity solutions integrated with the Ser
Slide 10: ServiceNow partnership aligns with latest Gartner research
We believe the strategic ServiceNow partnership aligns with latest Gartner® research Gartner Innovation Insights: Agentic Remote Support and TeamViewer view on latest Gartner research Digital Workplace Operations Automation “Gartner defines agentic remote support (ARS) as autonomous IT incident reso
Slide 11: Recognition by industry analysts and peer reviews reinforces market leadership
Recognition by industry analysts and peer reviews in our view reinforces market leadership TeamViewer TeamViewer TeamViewer DEX Remote / Tensor Frontline Gartner® Magic Quadrant™ G2 Business Software Reviews Frost Radar™ AR-Centric Augmented Digital Employee Experience Recognized as G2 Grid Leader a
Slide 12: TeamViewer DEX platform reaches key FedRAMP milestone
TeamViewer DEX platform reaches key FedRAMP® milestone, opening access to the U.S. Federal market CERTIFICATION PATH Gateway to the U.S. Federal sector Federal agencies can often only buy FedRAMP certified cloud services, which FEDRAMP MODERATE defines a market with high security and compliance barr
Slide 13: Tangible customer value, reflected in a strong Voice of the Customer
Tangible customer value, reflected in a strong Voice of the Customer Proactive Enterprise Efficiency & IT management Integration Cost Reduction “TeamViewer AI helped us “AI-powered analytics “AI-generated summaries pinpoint the root causes of integrate seamlessly into and diagnostics reduce applicat
Slide 14: Flagship customer wins evidence TeamViewer's value proposition
Flagship customer wins evidence TeamViewer's compelling value proposition across the portfolio DEX TeamViewer ONE Frontline Leading global aviation Leading US building technology provider products manufacturer Scale: 60,000 endpoints Scale: 400 endpoints, expanding Scale: 100+ users, multiple Key di
Slide 15: Upsell engine in full swing: Renewing DEX customers moving to TeamViewer ONE
Upsell engine in full swing: Renewing DEX customers are moving to TeamViewer ONE with strong ARR uplift ARR Uplift (€)* Replaced Endpoints One of the largest US Big Tech public sector organizations >2.0m IT platform ~ 600k A leading global Big Tech financial services group >1.5m IT platform ~150k On
Slide 16: TeamViewer's fast progressing AEM innovation delivery creates accelerating platform pull
TeamViewer‘s fast progressing AEM innovation delivery creates accelerating platform pull General General Availability Multi-year, multi-million strategic Availability in summer 2026 Remote support commitments by renewing DEX Turning session customers moving to TeamViewer visibility to insights ONE w
Slide 17: August release brings Automations created from AI sessions
August release brings key innovation toward self- healing IT with Automations created from AI sessions Launch of Automations: proven break-fix resolutions, captured across more than 2.8 million AI sessions, converted into reusable automations with tangible benefits for IT teams: • Reduce manual effo
Slide 18: AI adoption scales fast with more than 500,000 AI sessions in June
AI adoption scales fast with more than 500,000 AI sessions in June alone, fueling our strong data moat >49k >2.8m Customers that have used Cumulative AI sessions2 TeamViewer AI1 Strong and scaling customer traction continues to underscore structural data advantage for unique AEM innovation 1. Total
Slide 19: AI safety and hazard incidents are accelerating, driving demand for self-healing IT
AI safety and hazard incidents are accelerating, driving a growing demand for self-healing IT and Autonomous Endpoint Management AI safety and hazard incidences are accelerating 600 Number of incidents ◉ Rising AI safety and governance risks are increasing demand for endpoint intelligence, control a
Slide 20: The Self-Healing Agent for IT
Internal The Self-Healing Agent for IT Self-Healing control layer for the Autonomous Workplace ACT OBSERVE Every Endpoint Autonomously Real-time Prevent friction from remediate continuously observed before impact intelligence across every slowing productivity endpoint Employees Friction detected ear
Slide 21: The Unique Right to Win Autonomous IT
Internal The Unique Right to Win Autonomous IT Seven advantages powering the shift to Self-Healing Autonomous IT Largest Remote Intelligent Proprietary Dual Native Embedded Access Base Remediation Agent Data Streams AI Platform Used by ops teams worldwide Detect, diagnose & Remote sessions + intelli
Slide 22: Financial Overview
Financial Overview Michael Wilkens Chief Financial Officer The Digital Workplace Company
Slide 23: Q2 2026: Improving operational indicators support confidence in H2 2026 growth acceleration
Q2 2026: Improving operational indicators support confidence in H2 2026 growth acceleration Revenue ARR Adjusted EBITDA €182.7m €736.8m €78.9m -1.4% cc yoy1 -0.1% cc yoy -6% yoy1 Adjusted EBITDA Margin Basic EPS / Adjusted EPS Net Leverage Ratio 43.2% €0.19 / €0.27 2.5x -1 pp yoy1 +32% yoy / -5% yoy
Slide 24: Key P&L and other financial KPIs development Q2 2026
Key P&L and other financial KPIs development Q2 2026: previously disclosed effects are leveling off in € million Q2 2026 Q2 2025 ∆% ◉ Revenue growth - as a lagging Revenue1 182.7 190.7 -4% indicator - continued to reflect the Cost of Goods Sold (COGS)1,2 (15.1) (15.4) -2% effects of previously discl
Slide 25: Operating cash flow reflects lower topline growth and less upfront paid multi year deals
Operating cash flow reflects lower topline growth and less upfront paid multi year deals yoy in € million (unless otherwise stated) Q2 2026 Q2 2025 ∆% 6M 2026 6M 2025 ∆% Pre-Tax net cash from operating activities (IFRS) 66.3 84.0 -21% 121.5 130.6 -7% Capital expenditure (excl. M&A) (2.3) (2.8) -18%
Slide 26: Debt maturity profile as of 30 June 2026
Debt maturity profile as of 30 June 2026 (€m) Financing Flexibility 450 increased in Q2 2026 Successfully extended debt maturities and new financing 51.5 capacity: extended €75m RCF to 2031, secured a new €40m bilateral facility and initiated 145 150 a new Schuldschein 48.5 15 75 placement 13 12.5 1
Slide 27: FY 2026 Guidance reaffirmed
FY 2026 Guidance reaffirmed FY 2025 Actuals FY 2026 (comparison base) Guidance FY 2026 guidance for revenue growth is at constant currencies2 Revenue growth €767.5m Actual currency reported (YoY constant currency vs PY pro forma basis) 0% - 3% cc1,2 figures are expected to be pro forma impacted by c
Slide 28: Q&A
Q&A
Slide 29: Appendix
Appendix The Digital Workplace Company
Slide 30: FX impact
FX impact The Digital Workplace Company
Slide 31: Expected currency impact: USD is largest topline foreign currency exposure
Expected currency impact: USD represents TeamViewer’s largest topline foreign currency exposure Expected FX impact Q3 & FY 2026 in revenue at spot rate on 30 Jun 2026 Currency exposure vs guided YoY growth (compared to 2025 pro forma revenue) in cc: ◦ TeamViewer guides YoY revenue growth Q2 2026 Q3
Slide 32: Key financials & KPIs
Key financials & KPIs The Digital Workplace Company
Slide 33: Overview Topline KPIs
Overview Topline KPIs Q4 2025 Q3 2025 Q2 2025 Q2 2026 Q1 2026 Pro forma Pro forma Pro forma SMB Revenue in €m 124.1 126.2 130.9 134.1 132.0 Revenue YoY % cc -3% -1% 1% 3% 3% ARR in €m 1 501.4 506.7 518.7 526.3 532.0 ARR YoY % cc 1 -4% -3% -1% 0% +1% ASP (ARR)1 in € 826 822 822 822 817 Number of cust
Slide 34: Enterprise platform strategy gaining traction: highest-value ARR bucket up +11% yoy
Enterprise platform strategy gaining traction: highest-value ARR bucket up +11% yoy driven by DEX turnaround and TeamViewer ONE adoption SMB (ARR view) Enterprise (ARR view) (€m; % yoy cc; pro forma) (€m; % yoy cc; pro forma) € 1,500 - <10,000 ARR € >200,000 ARR 235.5 532.0 -4% cc 501.4 € 500 - <1,5
Slide 35: Adjusted P&L management view
Adjusted P&L management view based on recurring cost Q2 2025 6M 2025 in € million (unless otherwise stated) Q2 2026 ∆% 6M 2026 ∆% Pro forma Pro forma Revenue 182.7 190.7 -4% 365.9 380.9 -4 % Cost of Goods Sold (COGS) (15.1) (15.4) -2% (30.0) (31.6) -5 % Gross profit 167.6 175.2 -4% 335.9 349.3 -4 %
Slide 36: Q2 2026: Reconciliation management metrics to IFRS
Q2 2026: Reconciliation management metrics to IFRS Management view Other non-IFRS Accounting view in € million D&A Revenue adj. P&L adjustments IFRS P&L Revenue 182.7 182.7 Cost of Goods Sold (COGS) (15.1) (9.4) (0.3) (24.9) Gross profit contribution 167.6 157.9 % of Revenue 92% 86% Sales (32.0) (1.
Slide 37: 6M 2026: Reconciliation management metrics to IFRS
6M 2026: Reconciliation management metrics to IFRS Management view Other non-IFRS Accounting view in € million D&A Revenue adj. P&L adjustments IFRS P&L Revenue 365.9 365.9 Cost of Goods Sold (COGS) (30.0) (18.9) (0.4) (49.3) Gross profit contribution 335.9 316.6 % of Revenue 92% 87% Sales (65.0) (2
Slide 38: Non-IFRS adjustments in EBITDA
Non-IFRS adjustments in EBITDA Basis of in € million (unless otherwise stated) preparation / Q2 2026 Q2 2025 6M 2026 6M 2025 definition EBITDA APM 70.6 77.9 145.7 144.4 In Q2 2026, Non-IFRS EBITDA Total IFRS 2 charges (expenses for share- adjusted by APM +1.7 +4.8 +2.6 +11.3 based compensation) Team
Slide 39: EBITDA to net income
EBITDA to net income in € million (unless otherwise stated) Q2 2026 Q2 2025 ∆% 6M 2026 6M 2025 ∆% EBITDA 70.6 77.9 -9% 145.7 144.4 +1% D&A (13.3) (14.0) -5% (26.5) (27.3) -3% Operating Profit (EBIT) 57.3 63.9 -10% 119.1 117.1 +2% Financial / FX result (10.5) (26.4) -60% (21.4) (33.4) -36% Share of p
Slide 40: Adjusted net income & EPS
Adjusted net income & EPS Basis of in € million (unless otherwise stated) preparation / Q2 2026 Q2 2025 6M 2026 6M 2025 definition Net income IFRS 30.1 22.6 64.3 52.2 Expenses for share-based compensation APM +1.7 +4.8 +2.6 +11.3 PPA depreciation and amortization APM +7.7 +7.4 +15.5 +13.5 Other mate
Slide 41: Financial Calendar
3 November 2026 Financial Q3 2026 Results & Analyst Call Calendar The Digital Workplace Company
Slide 42: TeamViewer
TeamViewer