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Segment Information | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information IPG's agency brands are grouped into reportable segments based on the agencies' primary capabilities. As of June 30, 2025, we have three reportable segments: MD&E, IA&C, and SC&E. We also report results for the "Corporate and other" group. MD&E primarily provides, and is distinguished by innovative capabilities and scale in, global media and communications services, digital services and products, advertising and marketing technology, e‐commerce services, data management and analytics, strategic consulting, and digital brand experience. MD&E is comprised of IPG Mediabrands, UM, Initiative, KINESSO, Acxiom and MRM. IA&C primarily provides advertising, corporate and brand identity services, and strategic consulting. IA&C is distinguished by the leading role of complex integrations of ideation and the execution of advertising and creative campaigns across all communications channels that are foundational to client brand identities. IA&C is comprised of leading global networks and agencies that provide a broad range of services, including McCann Worldgroup, IPG Health, MullenLowe Group, Foote, Cone & Belding ("FCB"), and our domestic integrated agencies. SC&E primarily provides best-in-class global public relations and other specialized communications services, events, sports and entertainment marketing, and strategic consulting. SC&E is comprised of agencies that provide a range of marketing services expertise, including Weber Shandwick, Golin, our sports, entertainment, and experiential agencies, and IPG DXTRA Health. Certain prior period amounts, wherever applicable, have been recast to reflect the transfer of certain agencies between reportable segments. We continue to evaluate our financial reporting structure, and the profitability measure employed by our chief operating decision maker for allocating resources to operating divisions and assessing operating division performance is segment EBITA. Summarized financial information concerning our reportable segments is shown in the following table.
Three Months Ended June 30, 2025 | MD&E |  | IA&C |  | SC&E |  | Total
Total revenue | $ | 957.4 |  |  | $ | 949.3 |  |  | $ | 630.1 |  |  | $ | 2,536.8 |
Revenue before billable expenses | 947.7 |  |  | 860.5 |  |  | 364.5 |  |  | 2,172.7 |
Base salaries, benefits and tax | 487.5 |  |  | 526.4 |  |  | 212.9 |  |  |
Incentive expense | 38.4 |  |  | 18.5 |  |  | 7.8 |  |  |
Severance expense | 1.1 |  |  | 2.1 |  |  | 0.3 |  |  |
Temporary help | 18.3 |  |  | 38.1 |  |  | 11.9 |  |  |
Office and other direct expenses | 172.5 |  |  | 108.7 |  |  | 44.0 |  |  |
Depreciation and amortization 1 | 23.8 |  |  | 11.7 |  |  | 3.1 |  |  |
Restructuring charges 2 | 22.4 |  |  | 59.2 |  |  | 7.7 |  |  |
Other segment items 3 | 8.6 |  |  | 100.2 |  |  | 270.2 |  |  |
Segment EBITA | $ | 184.8 |  |  | $ | 84.4 |  |  | $ | 72.2 |  |  | $ | 341.4 |
Amortization of acquired intangibles | 20.1 |  |  | 0.7 |  |  | 0.3 |  |  |
Capital expenditures | 14.6 |  |  | 6.0 |  |  | 0.7 |  |  |
1 Excludes amortization of acquired intangibles. 2 Non-cash lease impairment costs were comprised of $0.7 at MD&E, $20.7 at IA&C and $1.5 at SC&E for the second quarter of June 30, 2025. 3 Includes billable expenses and other salaries and related expenses.
Three Months Ended June 30, 2024 | MD&E |  | IA&C |  | SC&E |  | Total
Total revenue | $ | 1,069.8 |  |  | $ | 1,005.0 |  |  | $ | 635.2 |  |  | $ | 2,710.0 |
Revenue before billable expenses | 1,058.7 |  |  | 914.9 |  |  | 353.5 |  |  | 2,327.1 |
Base salaries, benefits and tax | 570.5 |  |  | 556.3 |  |  | 218.8 |  |  |
Incentive expense | 39.6 |  |  | 30.5 |  |  | 12.5 |  |  |
Severance expense | 14.2 |  |  | 17.0 |  |  | 4.1 |  |  |
Temporary help | 24.0 |  |  | 35.5 |  |  | 10.8 |  |  |
Office and other direct expenses | 202.4 |  |  | 111.8 |  |  | 44.2 |  |  |
Depreciation and amortization 1 | 27.0 |  |  | 12.6 |  |  | 3.6 |  |  |
Restructuring charges 2 | 0.3 |  |  | — |  |  | — |  |  |
Other segment items 3 | 16.4 |  |  | 102.6 |  |  | 287.7 |  |  |
Segment EBITA | $ | 175.4 |  |  | $ | 138.7 |  |  | $ | 53.5 |  |  | $ | 367.6 |
Amortization of acquired intangibles | 19.1 |  |  | 0.9 |  |  | 0.4 |  |  |
Capital expenditures | 17.5 |  |  | 6.5 |  |  | 2.0 |  |  |
1 Excludes amortization of acquired intangibles. 2 Non-cash lease impairment costs were comprised of $0.3 at MD&E for the second quarter of June 30, 2024. 3 Includes billable expenses and other salaries and related expenses.
Six Months Ended June 30, 2025 | MD&E |  | IA&C |  | SC&E |  | Total
Total revenue | $ | 1,858.3 |  |  | $ | 1,812.6 |  |  | $ | 1,188.5 |  |  | $ | 4,859.4 |
Revenue before billable expenses | 1,835.4 |  |  | 1,642.2 |  |  | 691.4 |  |  | 4,169.0 |
Base salaries, benefits and tax | 986.0 |  |  | 1,062.1 |  |  | 427.5 |  |  |
Incentive expense | 81.1 |  |  | 49.3 |  |  | 19.1 |  |  |
Severance expense | 1.8 |  |  | 4.0 |  |  | 1.1 |  |  |
Temporary help | 35.7 |  |  | 71.5 |  |  | 22.2 |  |  |
Office and other direct expenses | 346.1 |  |  | 212.3 |  |  | 86.0 |  |  |
Depreciation and amortization 1 | 47.5 |  |  | 23.8 |  |  | 6.5 |  |  |
Restructuring charges 2 | 76.3 |  |  | 114.5 |  |  | 29.4 |  |  |
Other segment items 3 | 23.6 |  |  | 192.0 |  |  | 506.0 |  |  |
Segment EBITA | $ | 260.2 |  |  | $ | 83.1 |  |  | $ | 90.7 |  |  | $ | 434.0 |
Amortization of acquired intangibles | 39.3 |  |  | 1.6 |  |  | 0.6 |  |  |
Capital expenditures | 27.6 |  |  | 9.4 |  |  | 1.2 |  |  |
1 Excludes amortization of acquired intangibles. 2 Non-cash lease impairment costs were comprised of $19.7 at MD&E, $39.3 at IA&C and $10.9 at SC&E for the first half of June 30, 2025. 3 Includes billable expenses and other salaries and related expenses.
Six Months Ended June 30, 2024 | MD&E |  | IA&C |  | SC&E |  | Total
Total revenue | $ | 2,043.2 |  |  | $ | 1,968.7 |  |  | $ | 1,194.0 |  |  | $ | 5,205.9 |
Revenue before billable expenses | 2,020.1 |  |  | 1,796.2 |  |  | 693.7 |  |  | 4,510.0 |
Base salaries, benefits and tax | 1,150.5 |  |  | 1,128.3 |  |  | 439.9 |  |  |
Incentive expense | 68.7 |  |  | 49.4 |  |  | 22.1 |  |  |
Severance expense | 36.5 |  |  | 37.2 |  |  | 8.8 |  |  |
Temporary help | 49.0 |  |  | 71.9 |  |  | 21.9 |  |  |
Office and other direct expenses | 382.7 |  |  | 212.8 |  |  | 85.0 |  |  |
Depreciation and amortization 1 | 53.5 |  |  | 25.0 |  |  | 7.1 |  |  |
Restructuring charges 2 | 0.3 |  |  | 0.3 |  |  | 0.3 |  |  |
Other segment items 3 | 33.9 |  |  | 196.7 |  |  | 511.5 |  |  |
Segment EBITA | $ | 268.1 |  |  | $ | 247.1 |  |  | $ | 97.4 |  |  | $ | 612.6 |
Amortization of acquired intangibles | 38.4 |  |  | 1.8 |  |  | 0.9 |  |  |
Capital expenditures | 39.0 |  |  | 8.9 |  |  | 2.8 |  |  |
1 Excludes amortization of acquired intangibles. 2 Non-cash lease impairment costs were comprised of $0.3 at IA&C, $0.3 at MD&E and $0.3 at SC&E for the first half of June 30, 2024. 3 Includes billable expenses and other salaries and related expenses.
| June 30, 2025 |  | December 31, 2024
Total assets: |  |  |
MD&E | $ | 9,508.0 |  |  | $ | 10,253.7 |
IA&C | 4,618.2 |  |  | 4,544.3 |
SC&E | 1,729.0 |  |  | 1,758.9 |
Corporate and Other | 1,171.9 |  |  | 1,768.9 |
Total | $ | 17,027.1 |  |  | $ | 18,325.8 |
The following table presents the reconciliation of segment EBITA to Income before income taxes.
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
MD&E EBITA | $ | 184.8 |  |  | $ | 175.4 |  |  | $ | 260.2 |  |  | $ | 268.1 |
IA&C EBITA | 84.4 |  |  | 138.7 |  |  | 83.1 |  |  | 247.1 |
SC&E EBITA | 72.2 |  |  | 53.5 |  |  | 90.7 |  |  | 97.4 |
Total segment EBITA | 341.4 |  |  | 367.6 |  |  | 434.0 |  |  | 612.6 |
Corporate and other 1 | (76.6) |  |  | (29.0) |  |  | (190.8) |  |  | (69.1) |
Less: consolidated amortization of acquired intangibles | 21.1 |  | 20.4 |  | 41.5 |  | 41.1
Operating income | 243.7 |  |  | 318.2 |  |  | 201.7 |  |  | 502.4 |
Total (expenses) and other income | (25.7) |  |  | (22.5) |  |  | (78.1) |  |  | (46.1) |
Income before income taxes | $ | 218.0 |  |  | $ | 295.7 |  |  | $ | 123.6 |  |  | $ | 456.3 |
1 Includes restructuring charges of $28.7 and $101.1 for the second quarter and first half of June 30, 2025, respectively, including non-cash lease impairment costs of $0.2 and $23.3, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. 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