Bureau Veritas is a French testing, inspection and certification group whose registered office sits at Tour Alto, 4 Place des Saisons in Courbevoie, west of Paris. It was founded in 1828 to give marine underwriters up-to-date information about ships and equipment, and that maritime origin still shapes the business: classifying vessels and offshore units is the group's highest-margin activity. The company has been listed on Euronext Paris since 2007 and is a CAC 40 constituent.
Group scale at the end of 2025
Bureau Veritas employed 82,049 people at 31 December 2025, down from 84,250 a year earlier, working from more than 1,600 offices and laboratories in 140 countries and serving roughly 400,000 clients. Revenue reached EUR 6,466.4 million in 2025, up 6.5% organically, with adjusted operating profit of EUR 1,052.9 million and an adjusted operating margin of 16.3%. Attributable net profit was EUR 588.0 million and free cash flow EUR 824.2 million.
The workforce is weighted towards Asia-Pacific, with 31,712 employees at the end of 2025, ahead of the Americas on 21,930, Europe on 19,756 (8,970 of them in France) and the Middle East and Africa on 8,651.
Six business lines, 2025 revenue
- Buildings & Infrastructure: EUR 1,997.9 million, organic growth 5.2%
- Industry: EUR 1,372.8 million, organic growth 8.9%
- Agri-Food & Commodities: EUR 1,163.7 million, organic growth 3.7%
- Consumer Products: EUR 802.4 million, organic growth 3.7%
- Certification: EUR 571.7 million, organic growth 7.9%
- Marine & Offshore: EUR 557.9 million, organic growth 14.3%, adjusted operating margin 23.4%
Oil and gas work across the asset lifecycle
The oil and gas offer follows the asset lifecycle. In the pre-project phase the group handles permitting support, risk analysis, design review and certification; during construction it supplies quality assurance and quality control for components and equipment; in operations it sells OPEX and asset integrity services; and it supports decommissioning from portfolio planning through to execution. Four published sub-segments cover exploration and production, refining and processing, transportation and storage, and special chemicals.
Adjacent lines matter to energy clients: management system certification, industrial product certification, supply chain risk management, non-destructive testing, industrial cyber security for operational technology, and an online Approval Explorer directory that lets operators identify and contact certified suppliers of services and equipment. Sustainability services include ESG reporting and assurance, carbon footprint verification, greenhouse gas measurement, energy audits and ISO 50001 and ISO 14001 work. In 2024 the group acquired the United States life-cycle assessment software firm Aligned Incentives, which now trades as AITrack Solutions.
Classification, offshore units and digital twins
Bureau Veritas classes and certifies assets within an offshore field, issues approvals in principle and technology qualifications for new designs, and describes itself as the leader in classification of floating storage and regasification units, for which it maintains dedicated rules. It also issues type approval certificates covering subsea umbilicals, risers and flowlines. The Veristar AIM3D digital twin platform is used for real-time reporting and remote collaboration on ships and offshore assets.
The group's own history timeline begins in 1828 with risk assessment for ships, adds technical controls for the automotive industry in 1910 and inspection of metal parts for railways in 1920, then construction services in the 1960s and supply chain traceability in the 1990s. Later entries on the same timeline include a vehicle-to-everything certification programme, drone-based inspection and the Origin product traceability service.
Portfolio reshaping under LEAP | 28
Under a strategy branded LEAP | 28 and launched in 2024, the group is rotating its portfolio towards higher-growth, higher-margin markets. By the end of July 2026 it had announced five acquisitions adding about EUR 138 million of annualised 2025 revenue and had signed one major divestment agreement covering businesses that represented around EUR 450 million of annualised 2025 revenue, including oil and petrochemicals and coal testing and inspection. It is also exiting government services and booked a provision for related risks. Taken together, the transactions amount to roughly 20% portfolio rotation since the strategy began.
In the first half of 2026 revenue was EUR 3,258.4 million, up 2.1% year on year and 5.0% organically, with second-quarter organic growth of 5.5%. Adjusted operating profit rose 3.1% to EUR 506.5 million, a margin of 15.5%, and adjusted net profit was EUR 303.8 million, or EUR 0.68 per adjusted share. Free cash flow was EUR 157.7 million and adjusted net debt stood at 1.45 times EBITDA. Management cited strong momentum in mission-critical assets, oil and gas capex, metals and minerals, and consumer products technology services.
Reporting, shares and public contact points
At a capital markets day on 22 September 2026 the group confirmed its LEAP | 28 ambitions, upgraded total revenue growth guidance to double digits for 2027 and 2028, and set a target of EUR 1 billion of revenue by 2030 in markets and services driven by artificial intelligence. It publishes an integrated report and a universal registration document; the 2025 edition and the half-year 2026 results released on 29 July 2026 are the most recent reporting milestones. The group also publishes an annual energy transition report, most recently in August 2026, and in September 2026 extended its supply chain services to Together for Sustainability audits.
There were 453,871,520 shares in issue at 31 December 2025, when the share price closed at EUR 27.18 for a market capitalisation of EUR 12.34 billion. The published general contact is the web address [email protected], alongside a switchboard on +33 1 55 24 70 00.