Teleperformance updates 2026 guidance framework, shares tracked against outsourcing peers

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-28, 14:52.

Teleperformance (FR0000051807) sits in the European outsourcing and customer experience peer group alongside Capgemini and Accenture, trading in Paris on Euronext. For 2026, analysts continue to work with a medium-term guidance framework based on double-digit like-for-like revenue growth and a gradually improving operating margin, according to recent consensus compilations.

What analysts are modeling

On the sell-side, Teleperformance is still covered as a core European business services name, with detailed consensus data compiled by platforms such as MarketScreener and Simply Wall St based on Euronext ticker TEP. These consensus overviews typically aggregate forecasts from more than ten research houses for revenue, EBITA margin and earnings per share over a three-year horizon.

For 2026, the aggregated models project Teleperformance toward a valuation in the low €300s per share using discounted cash flow approaches, reflecting assumptions of mid-single-digit to low double-digit annual free cash flow growth. The cost of equity used in such models stands around 5.4 percent in some analyses, capturing the group’s European listing and business risk profile.

Position in the outsourcing sector

Within the broader business process outsourcing and IT services sector, Teleperformance is often compared with peers such as Capgemini in France and Accenture in the S&P 500, particularly on margin resilience and exposure to AI-enabled customer interaction. Sector commentary in recent weeks has highlighted how outsourcing providers can benefit from clients seeking efficiency gains, even as they face wage inflation and technology investment needs.

For investors tracking the Paris-listed shares against global peers, valuation metrics such as forward price-to-earnings and enterprise value to EBITDA remain central, in addition to free cash flow yields. MarketBeat also lists a US over-the-counter line under the symbol TLPFY, which mirrors the underlying Euronext Paris equity.

The business behind the stock

Teleperformance generates most of its revenue from outsourced customer experience management, running call centers and digital interaction hubs for clients in sectors such as telecommunications, financial services, technology and e-commerce. The group has also expanded into content moderation and trust and safety services for large online platforms.

Where the stock trades today

The Teleperformance shares (FR0000051807) last traded on Euronext Paris at around the high-€200s per share in recent sessions, corresponding to an over-the-counter indication of 29.29 US dollars for the TLPFY line as of 2026-06-26, 15:50 Eastern.

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities.