VI
COMPANY

Visma

Visma is a cloud business software group for ERP, payroll and accounting.

Analyst Perspective

Visma Software International AS is the operating entity behind visma.com and sits within the broader Visma group, a private provider of mission-critical business software. The company sells cloud-based ERP, accounting, payroll, HR, and adjacent workflow software through a portfolio of local and regional software brands. Its core customers are SMBs, accounting firms, mid-sized companies, larger enterprises, and selected public-sector organisations, with a strong concentration in Europe and a growing footprint in Latin America. The business model is recurring SaaS software sold on subscription, supplemented by implementation, integration, and related service revenue in some segments. Visma combines organic product development, localisation for national regulatory requirements, and serial acquisitions to expand into new markets and product areas. Its strategic position is strengthened by a high recurring revenue mix, regulatory tailwinds in digital accounting and e-invoicing, and AI embedded into core business workflows rather than sold as standalone foundational AI infrastructure.

Analyst Signal Briefing

Updated: 14 Aug 2026

Visma reported robust financial results for the first half of 2026, highlighted by double-digit organic growth and the addition of 300,000 net new customers. The group’s Annual Recurring Revenue (ARR) has now surpassed EUR 3 billion, indicating sustained momentum across its primary market segments. This performance reinforces Visma’s stated trajectory of scaling its cloud-based business solutions and consolidating its position within the European software ecosystem.

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Category Differentiation

This is the operating legal entity behind visma.com within the broader Visma group, not a single standalone ERP product. It is not a consumer app or a pure investment fund, even though the group expands through acquisitions.

Visma: About

Visma creates value by owning, operating, and scaling business software companies that provide mission-critical workflows such as ERP, accounting, payroll, HR, invoicing, logistics, and compliance. The group runs a decentralised software portfolio model: local products are tailored to specific market rules and customer segments, then monetised through recurring cloud subscriptions. Growth comes from a combination of retained customers, module expansion, cross-sell within product ecosystems, and acquisitions that add new geographies, vertical capabilities, or regulatory software assets.

How Visma Works & Monetises

Business model analysis and core revenue streams

Visma monetises primarily through subscription-based SaaS pricing across ERP, payroll, accounting, HR, and compliance software. Pricing is typically recurring monthly or annual, with tiers based on modules, user counts, payroll volume, company size, or workflow complexity. Additional monetisation comes from implementation, integration, consulting, and related professional services, while acquisitions expand the installed base and create opportunities for upsell into adjacent modules such as logistics, reporting, tax compliance, and payroll.

Revenue Channels

Cloud ERP, accounting, payroll, and HR subscriptionsSoftware Subscription
Implementation and consultancy servicesService Fee
Integration and configuration workService Fee
Module add-ons and advanced feature tiersSoftware Subscription

Side-by-Side Comparisons

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Products & Services in Categories

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Visma: Key Competitors & Alternatives

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Recent Signals (Visma)

Visma Investor Relations Monitor 2Aug 14, 2026

H1 2026 Financial Results

Visma's strong momentum has carried into 2026, with resilient growth delivered across our markets in the first half of the year.

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Visma Investor Relations Monitor 3Aug 13, 2026

Visma announces Half Year 2026 Results webcast

Half Year 2026 Results webcast scheduled for August 11, 2026 at 9:00 CET.

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Visma Investor RelationsAug 11, 2026

Visma delivers strong momentum in H1 2026

300,000 net new customers, double-digit organic growth and surpassing EUR 3 billion in ARR

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Visma: Frequently Asked Questions

What is Visma?

Visma is a private business software group that provides cloud ERP, accounting, payroll, HR, and compliance software to businesses, accountants, enterprises, and public-sector organisations.

Who uses Visma?

Visma is used by SMBs, accounting firms, mid-sized companies, large enterprises, and selected public-sector bodies that need mission-critical back-office software.

How does Visma make money?

Visma makes money primarily from recurring SaaS subscriptions for business software, with additional revenue from implementation, integration, and related services.

Company Facts

Headquarters
Norway
Core Segment
B2B SaaS Provider
Company Size
>5,000
Official Link
visma.com