Capgemini Full-Year 2025 Results: Revenue beats estimates, profit declines 4%

French

IT services conglomerate Capgemini on Friday announced its full-year revenue, which exceeded its own targets. As per the earnings report for the year ended December 31, 2025, the company’s revenue grew 1.7% year-on-year to 22,465 million euros. Excluding a 1.7% negative impact from currency fluctuations, the revenue growth in constant currency terms stood at 3.4%, above the top end of the group’s October 2025 guidance.

Capgemini’s Board of Directors met on February 12 in Paris to review and adopt the accounts for the year ended December 31, 2025.

The growth was largely driven by accelerating fourth-quarter performance, with the recently acquired WNS unit fuelling demand for AI-powered business process services, according to reports.

Capgemini said that Q4 revenue surged 10.6%, with WNS and Clou4C making a “significant contribution” following their consolidation.

Also Read: WNS CEO calls Capgemini deal a long-term bet on AI-led operations

Group CEO Aiman Ezzat highlighted the impact of AI on the company’s performance. "Generative and agentic AI accounted for over 10% of Group bookings in Q4, demonstrating that our clients recognize us as a trusted partner for their AI-driven business and technology transformation," he said.

Ezzat added that the WNS acquisition marked a major milestone for Capgemini. "This acquisition strengthens Capgemini’s ability to deliver GenAI‑powered intelligent operations at scale, accelerating end-to-end agentification of business processes to deliver significant value," he said.

The company has already identified around 100 cross-selling opportunities with WNS and signed an intelligent operations contract valued at over 600 million euros, covering multiple business functions and processes linked to agentic AI transformation, Ezzat told journalists.

Capgemini’s bookings rose 3.9% at constant exchange rates to 24.4 billion euros, with a book-to-bill ratio of 1.08. Operating margins remained stable at 13.3% of revenues. Full-year net profit (group share) stood at 1,601 million euros, down 4.2% YoY. Basic earnings per share dropped 3.7% to 9.46 euros.

Organic free cash flow at constant exchange rates remained stable at 1.95 billion euros. The company proposed a dividend of 3.40 euros per share.

Looking ahead, Capgemini forecasts 2026 revenue growth of 6.5% to 8.5% at constant exchange rates, with an operating margin between 13.6% and 13.8%.

Ezzat said the company is pivoting "to be the catalyst for enterprise-wide AI adoption."