Operator
Welcome to the Edenred Q1 2026 Revenue Conference Call. [Operator Instructions]
Now I will hand the conference over to the speaker, Virginie Duperat-Vergne, Chief Financial Officer. Please go ahead.
Virginie J. Duperat-Vergne
Executive Vice President of Finance
Thank you. Good morning, everyone, and welcome to Edenred’s Q1 2026 Revenue Presentation. I am Virginie Duperat-Vergne, Edenred’s CFO, and I’m today with Cedric Appert, Investor Relations Director. I will start by covering the quarter’s key highlights, then walk you through our revenue performance by business line and geography and conclude on 2026 outlook before opening the line to Q&A.
As you will see, we had a good start to the year, which bodes well for the fiscal year 2026 and for the fulfillment of the objectives of our 3-year plan Amplify. Now starting with Slide 7. Edenred maintained its upward trajectory and delivered sustained top line growth in line with our expectations in the first quarter of 2026 despite a more uncertain environment. Overall, demonstrating the strength of our diversified model, operating revenue reached EUR 673 million, up 3.1% like-for-like.
By business line, on the left-hand side, Benefits & Engagement delivered EUR 446 million, growing 0.2% like-for-like in spite of the regulatory changes in Italy and Brazil. Adjusted from these impacts, the Benefits & Engagement operating revenue growth would have been 7.8%. Mobility amounted to EUR 176 million, a 10% like-for-like growth, reflecting the relevance of Edenred’s offers. And
