InPost is becoming less dependent on its home market. In the second quarter of 2026, the group generated PLN 4.18 billion in revenue, an increase of 18% year on year. The most significant change was geographic: for the first time, 54% of group revenue came from markets outside Poland, while Poland accounted for 46%.
The shift reflects years of expansion across France, the United Kingdom, Italy, Spain and other European markets. Poland remains InPost’s largest individual market and an important source of profitability, but international operations are now the bigger part of the group in revenue terms.
International expansion changes InPost’s business profile
InPost built its position around automated parcel machines and the rapid growth of Polish e-commerce. Its strategy has since evolved into building a broader European delivery network, combining parcel lockers, out-of-home delivery and courier operations.
The latest quarterly figures show that international expansion is no longer a secondary part of the business. A majority of revenue now comes from outside Poland, making the company’s performance increasingly dependent on its ability to compete across several large European markets.
Growth comes with pressure on profitability
The stronger revenue figures are accompanied by higher costs. InPost lowered its 2026 guidance for adjusted EBITDA and now expects a mid-single-digit percentage decline compared with the previous year. The company also reduced planned capital expenditure from PLN 2.4 billion to approximately PLN 2.1 billion.
Among the pressures are continued investment in the network, stronger price competition in Poland and transformation costs in the United Kingdom and Ireland. The figures illustrate the trade-off facing the group: building European scale can strengthen its long-term position, but expansion requires substantial spending and can weigh on margins in the short term.
Poland is no longer the majority of sales
The 54% international revenue share is symbolically important. InPost is still strongly associated with Poland and its Paczkomat parcel lockers, but its financial profile increasingly resembles that of a European logistics operator rather than a primarily Polish delivery company.
That transformation also makes developments in Western European e-commerce, delivery pricing and network utilisation increasingly important for the group’s future results. The next stage will depend not only on adding locations and volumes, but also on turning its larger international footprint into sustainable profitability.
Source: InPost Q2 2026 results and company materials.
