Wolters Kluwer (WKL.AS): analysis in plain words
Is Wolters Kluwer cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Wolters Kluwer (WKL.AS) is listed on Euronext Amsterdam and we classify it in software and cloud. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Wolters Kluwer according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Wolters Kluwer (WKL.AS) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €91.16 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 15.6x | Price over earnings per share |
| Revenue growth | -0.6% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 21.9% | Profit for every 100 of sales |
| Net debt / EBITDA | 2.1x | Years of operating profit to repay debt |
| Dividend yield | 3.04% | Annual dividend over price |
| Market cap | €20.3 billion | What the stock market values it at |
The Wolters Kluwer figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any WKL.AS figure that is not available shows as N/A: we do not estimate it.
How Wolters Kluwer makes money
Wolters Kluwer sells subscription software and expert information to professionals. Its divisions include Health (UpToDate for clinicians), Tax & Accounting (CCH tax software for accountants), Financial & Corporate Compliance, Legal & Regulatory, and Corporate Performance & ESG. Most revenue is recurring and comes from North America and Europe.
Over the last 12 months, Wolters Kluwer brought in revenue of €6.1 billion. For every 100 it sells, Wolters Kluwer keeps 74.1 after the direct cost of what it sells (gross margin) and 26.9 after all operating costs (operating margin).
Wolters Kluwer against its sector
To know whether a Wolters Kluwer figure is high or low you have to put it next to similar companies. This table compares Wolters Kluwer with the median of the 19 software and cloud companies Fintols covers, with data as of November 4, 2026.
| Figure | Wolters Kluwer | software and cloud median |
|---|---|---|
| P/E | 15.6x | 29.0x (19) |
| Revenue growth | -0.6% | +20.5% (25) |
| Net margin | 21.9% | 16.0% (25) |
| Dividend yield | 3.04% | 0.00% (25) |
| Net debt / EBITDA | 2.1x | 0.1x (23) |
In short, against the typical software and cloud company, Wolters Kluwer trades on a lower P/E, grows more slowly and earns a wider margin. By size, Wolters Kluwer ranks number 3 of 3 software and cloud companies quoted in EUR on Fintols.
The bull case for Wolters Kluwer
What works in favour of Wolters Kluwer, according to its figures as of November 4, 2026:
- Wolters Kluwer earns 146.1% a year on its shareholders' money (return on equity).
- Wolters Kluwer keeps 21.9 of every 100 it sells as net profit, against 16.0 for the median software and cloud company: a margin like that leaves money to invest, buy back shares or pay dividends.
- On a P/E basis Wolters Kluwer trades cheaper than its sector: 15.6x its annual earnings, against 29.0x for the software and cloud median (19 companies with data).
The main risk for Wolters Kluwer
Wolters Kluwer sales fell 0.6% in the latest quarter against the same quarter a year earlier: if the decline drags on, profit usually follows.
And, like the rest of software and cloud, Wolters Kluwer is exposed to a competitor or AI making what it sells cheaper and forcing price cuts.
Frequently asked questions about Wolters Kluwer
Is it a good time to buy Wolters Kluwer stock?
Fintols does not tell you whether to buy or sell Wolters Kluwer, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Wolters Kluwer stock trades at €91.16, 18% below its 52-week high (€111.25) and 67% above its low (€54.64). Its P/E is 15.6x against a software and cloud median of 29.0x, and 14.7x on the earnings analysts expect over the next 12 months. With Wolters Kluwer, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Wolters Kluwer pay a dividend?
Yes. As of November 4, 2026, Wolters Kluwer pays €2.60 per share a year, which at today's price is a yield of 3.04%. It uses 43% of its profit to pay it, which leaves room to keep paying it if profit dips.
Is Wolters Kluwer stock expensive?
It depends on what you compare it with. On P/E, Wolters Kluwer trades at 15.6x its last 12 months of earnings: cheaper than the software and cloud median (29.0x). Including its debt, Wolters Kluwer is valued at 11.9x its EBITDA (EV/EBITDA). A high P/E alone does not make Wolters Kluwer expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Wolters Kluwer's competitors?
On Fintols we compare Wolters Kluwer with Amadeus, SAP and The Trade Desk, which are also in software and cloud. As of November 4, 2026, Amadeus is worth €25.0 billion and trades on a P/E of 19.7; SAP is worth €247.3 billion and trades on a P/E of 31.0; The Trade Desk is worth $6.3 billion and trades on a P/E of 15.9. Each has a side-by-side comparison with Wolters Kluwer below.
Wolters Kluwer competitors
- Amadeus (AMS) analysis · Wolters Kluwer vs Amadeus comparison
- SAP (SAP.DE) analysis · Wolters Kluwer vs SAP comparison
- The Trade Desk (TTD) analysis · Wolters Kluwer vs The Trade Desk comparison
To understand Wolters Kluwer better
- Economic Moats Explained: From Warren Buffett to AI
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like Wolters Kluwer: software and cloud stocks. Open the full WKL.AS analysis with its valuation and scenarios. Educational content about Wolters Kluwer, not investment advice.