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Dutch information-services company selling software and data for tax, legal, healthcare and compliance professionals.
Dutch information-services company selling software and data for tax, legal, healthcare and compliance professionals.
Sells subscriptions to software and reference content that professionals use daily, so most revenue repeats each year. It was formed by the 1987 merger of Wolters Samsom and Kluwer, and has been moving away from print publishing toward digital software and services.
In one line: A European RELX/Thomson Reuters.
Moat: wide (switching costs, installed base, data). Deeply embedded workflow software (tax filing, clinical reference) that professionals rely on daily.
Headquarters: Alphen aan den Rijn, Netherlands · Founded: 1836 · Employees: 20,567
Size Wolters Kluwer (WKL.AS) is a Netherlands Information Technology company (Internet Software/Services) with a market value of $22.0B, the 15th largest of 61 Netherlands companies the cockpit tracks. Shares closed at €90.08 on 6 Nov 2026.
Performance Over six months the shares gained 54.4%, against +15.6% for the median peer and +0.4% for the Netherlands market (cap-weighted) — 2nd highest of 11 in its peer set.
Growth Revenue grew 0.5% over the last twelve months (peer median +6.5%); the operating margin is 25.6% (peer median 38.5%).
Valuation It trades at 15.9× forward earnings against a peer median of 19.7× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 17.5 points above its cost of capital (5.9% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €6.11B | €6.12B | €5.92B | €5.58B | €5.45B |
| Revenue growth | — | +4% | +6% | +2% | — |
| Gross profit | €4.08B | €4.04B | €3.84B | €3.57B | €3.73B |
| EBITDA | €2.00B | €2.01B | €1.93B | €1.77B | €1.73B |
| Net income | €1.33B | €1.31B | €1.08B | €1.01B | €1.03B |
| Free cash flow | €1.68B | €1.65B | €1.63B | €1.52B | €1.55B |
| Capital expenditure | €301M | €305M | €314M | €324M | €295M |
| Total debt | n/a | €4.97B | €4.08B | €3.75B | €3.62B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wolters Kluwer WKL.AS | $22.0B | +54% | 0% | 26% | 15.9× | -3.0% |
| Relx REL.L | $70.4B | +23% | +2% | 32% | 21.3× | 1.8% |
| Thomson Reuters TRI.TO | $49.1B | +25% | +6% | 26% | 24.8× | 2.7% |
| Intuit INTU | $91.3B | -14% | +14% | 29% | 14.8× | 3.1% |
| S&P Global SPGI | $136B | +18% | +6% | 46% | 24.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WKL.AS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +25.5% | +8.6% | 2nd highest of 12 |
| 6-month return | +54.4% | +15.6% | 2nd highest of 11 |
| Distance from 52-week high | -6.0% | -24.5% | 4th highest of 12 |
| Revenue growth (TTM) | +0.5% | +6.5% | 2nd lowest of 12 |
| Operating margin | 25.6% | 38.5% | 4th lowest of 12 |
| Forward P/E | 15.9× | 19.7× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -3.0% | 13.1% | 3rd least demanding of 12 |
| Growth delivered (Del g) | +5.9% | +12.9% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | -8.9 pp | -3.0 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +17.5 pp | +2.1 pp | 4th highest of 11 |
| EV / EBITDA | 11.8× | 16.8× | 4th cheapest of 10 |
| Net debt / EBITDA | 2.0× | 1.1× | 2nd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wolters Kluwer WKL.AS | Netherlands | $22.0B | +54% | 0% | 26% | 15.9× | -3.0% | +5.9% |
| Verisign VRSN | United States | $27.7B | +7% | +6% | 68% | 28.4× | 14.5% | +5.5% |
| Informa INF.L | United Kingdom | $15.3B | +5% | +5% | 19% | 15.5× | 15.4% | +19.5% |
| Check Point Software Technologies CHKP | United States | $14.7B | +25% | +3% | 28% | 13.4× | -1.7% | +5.7% |
| Gartner IT | United States | $12.0B | +20% | 0% | 19% | 11.8× | -4.0% | +9.6% |
| East Money Information 300059.SZ | China | $44.5B | -8% | +16% | 76% | 19.7× | 15.1% | +18.0% |
| Mango Excellent Media 300413.SZ | China | $9.77B | +79% | +10% | -3% | 143.0× | 13.1% | -0.3% |
| Info Edge India NAUKRI.NS | India | $8.18B | +21% | +13% | 34% | 59.6× | 51.8% | +23.8% |
| Scout24 G24.DE | Germany | $6.99B | +19% | +16% | 49% | 22.3× | 10.3% | +12.9% |
| CAR CAR.AX | Australia | $6.85B | -3% | +6% | 38% | 28.5× | 21.8% | +24.0% |
| Mobility Global MBGL | United States | $5.79B | n/a | +8% | 51% | 13.2× | -6.0% | +8.5% |
| Autotrader AUTO.L | United Kingdom | $5.68B | +12% | +4% | 62% | 14.3× | -0.7% | +18.9% |