Ipsos said that its first quarter was very strongly impacted by a 5.4% hit from unfavourable foreign exchange effects, related to the euro’s appreciation against certain currencies, principally the US dollar.

Organic growth fell 1.4% and scope effects added 4.3%, mainly related to the acquisition of The BVA Family in June 2025, and partially offset by the deconsolidation of Ipsos’ Russian business as of 1^st January 2026.

Excluding foreign exchange effects, total growth would be 3%, the financial results show. 

Ipsos said that there was “positive momentum” in its order book, which grew 1%, owing to a rebound in public affairs in certain markets, such as the US and France, and improvement in China due to the adoption of AI.

Growth in Europe, Middle East and Africa (Emea) stood at 5.3%, supported by the acquisition of The BVA Family, although revenue from the Middle East specifically dropped 4.4%. Organic growth was 0.1% for the Emea region.

Revenue in the Americas declined 10.9%, and 4.1% organically, notably in the US, while Asia-Pacific had organic growth of 0.2% but saw total growth fall 6.3%.