Visma Software AS
Score · fiscal year 2025
55of 100
How to read this: the company is ahead of 61 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 50 of 127 · What are Morning company classes?
Place in the whole sector: 747 of 2,025 · Informasjon og kommunikasjon
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 90 and solidity 28 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Visma Software AS is 4 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 51 among 127 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 27.9% (median 7.0%) and equity ratio 15.9% (median 27.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,568 MNOK | 959 MNOK |
| Operating margin | 27.9% | 7.0% |
| Profit margin | 29.0% | 7.9% |
| Return on assets | 51.2% | 11.6% |
| Equity ratio | 15.9% | 27.9% |
| Debt-to-equity | 5.30 | 2.54 |
| Current ratio | 1.03 | 1.04 |
| Revenue growth | 1.4% | 6.5% |
| Revenue per employee | 5.60 MNOK | 5.55 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 55, Visma Software AS does better than 61% of companies in the Morning class Large in the same sector (127 companies) in 2025.
Score 2023–2025
- Visma Software AS
- Median: companies in the Morning class Large in the same sector
Visma Software AS has a score of 55 for 2025, rank 747 of 2,025 in the sector.
Strongest: Profitability: percentile 90 against peers, operating margin 27.9% against a median of 7.0%. Consistency: percentile 63 against peers.
Weakest: Solidity: percentile 28 against peers, equity ratio 15.9% against a median of 27.9%. Growth: percentile 31 against peers, revenue growth 1.4% against a median of 6.5%.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Visma Software AS had an operating margin of 27.9% and an equity ratio of 15.9% in 2025, and ranks 747 of 2,025 in Informasjon og kommunikasjon.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 142 MNOK and 4,124 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3,550 MNOK |
| EV/EBIT | 8.0 | 4,124 MNOK |
| P/B | 1.0 | 142 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 4.1%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 90 | weight 30% |
|---|---|---|
| Solidity | 28 | weight 25% |
| Liquidity | 46 | weight 15% |
| Growth | 31 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 53 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Visma Software AS?
The operating margin was 27.9% in 2025, against a median of 7.0% among companies in the Morning class Large in the same sector. Return on assets was 51.2%.
How solid is Visma Software AS?
The equity ratio was 15.9% in 2025 (median 27.9%). Debt-to-equity was 5.30 (median 2.54).
What is the liquidity of Visma Software AS like?
The current ratio was 1.03 in 2025 (median 1.04).
How does Visma Software AS compare in Informasjon og kommunikasjon?
Visma Software AS ranks 747 of 2,025 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Large it is number 50 of 127. Revenue changed by 1.4% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 933646920
- Legal form
- AS · part of a group
- Sector
- Informasjon og kommunikasjon (58.290)
- Morning company class
- Large
- Employees
- 280 registered 10 October 2026
- Founded
- 20 December 1982 43 years in operation
- Share capital
- 86.88 MNOK
- Business address
- Karenslyst allé 56, 0277 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 52 | 53 | 55 | |
| Rank | 880 | 886 | 747 | |
| Operating margin | 27.8% | 26.5% | 27.9% | |
| Return on assets | 44.9% | 50.6% | 51.2% | |
| Equity ratio | 12.1% | 13.6% | 15.9% | |
| Current ratio | 0.98 | 0.99 | 1.03 | |
| Revenue growth | – | 9.8% | 1.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,408.8 MNOK | 1,546.6 MNOK | 1,568.1 MNOK |
| Operating profit | 391.8 MNOK | 410.2 MNOK | 437.0 MNOK |
| Profit before tax | 404.1 MNOK | 426.3 MNOK | 454.4 MNOK |
| Net profit | 315.7 MNOK | 332.6 MNOK | 355.0 MNOK |
| Financial expenses | 2.6 MNOK | 2.0 MNOK | 1.8 MNOK |
| Total assets | 905.4 MNOK | 845.8 MNOK | 891.8 MNOK |
| Current assets | 777.9 MNOK | 720.9 MNOK | 771.4 MNOK |
| Equity | 109.9 MNOK | 114.9 MNOK | 141.6 MNOK |
| Retained earnings | – | 4.7 MNOK | 14.1 MNOK |
| Total liabilities | 795.5 MNOK | 730.8 MNOK | 750.2 MNOK |
| Current liabilities | 795.5 MNOK | 730.5 MNOK | 749.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6677258.
Further
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