Q3 2026 momentum drives upgrade in Capgemini’s 2026 outlook

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Q3 2026 mome tum d ives upg ade i Capgemi i’s 2026 outlook

• Q3 2026 eve ues of €6,073 millio , up +11.7% at co sta t excha ge ates^*
• 9M 2026 eve ues of €18,155 millio , up +11.4% at co sta t excha ge ates
• Q3 2026 booki gs of €5,401 millio , up +3.4% at co sta t excha ge ates
• Upg aded 2026 fi a cial ta gets
  • Co sta t cu e cy eve ue g owth^* of +9.0% to +9.5% (was a ou d +8.5% to +9.0%)
  • Ope ati g ma gi ^* of 13.6% to 13.8% (u cha ged)
  • O ga ic f ee cash flow^* of a ou d €1.8 billio to €1.9 billio (u cha ged).

Pa is, Octobe 30, 2026 – The Capgemi i G oup epo ted Q3 2026 eve ues of €6,073 millio , up +12.6% at cu e t excha ge ates a d +11.7% at co sta t excha ge ates¹.

Aima Ezzat, Chief Executive Office of the Capgemi i G oup, said: “Capgemi i delive ed a othe solid qua te , with g owth of +11.7% at co sta t excha ge ates a d u de lyi g g owth close to Q2, o ce agai outpe fo mi g the i dust y. I a stable dema d e vi o me t, we co ti ue to see st o g mome tum i No th Ame ica a d the U ited Ki gdom, a d a clea accele atio i F a ce.

Ou st ategy, focused o the ew value pools c eated by AI, is t a slati g i to ta gible busi ess t actio . Clie ts a e ow focused o deployi g AI at e te p ise scale, while add essi g challe ges elated to gove a ce, cost a d secu ity. This is d ivi g dema d fo the mode izatio of thei tech ology a d data fou datio s, the c itical p e equisite fo the age tic e te p ise. At the same time, clie ts a e t a sfo mi g thei busi ess ope atio s with age tic AI, as eflected i a othe qua te of double-digit like-fo -like g owth i I tellige t Busi ess Ope atio s, st e gthe ed by WNS’s scale a d capabilities. We a e also captu i g oppo tu ities i the defe se secto a d a ou d sove eig ty, as clie ts place g eate emphasis o co t ol a d st ategic esilie ce.

Capgemi i is u iquely positio ed to make AI eal fo its clie ts, combi i g tech ology, deep i dust y expe tise, busi ess t a sfo matio a d ope atio al executio , a d i c easi gly leve agi g a expa ded pa t e ecosystem. We expect to mai tai this mome tum a d ta get, o a highe compa iso basis, a co sta t cu e cy g owth of 3% to 4% i Q4. O the st e gth of this qua te , we a e aisi g ou 2026 eve ue g owth ta get to +9.0% to +9.5% at co sta t excha ge ates, while co fi mi g ou ope ati g ma gi a d o ga ic f ee cash flow objectives.”

Key figu es

The G oup epo ted eve ues of €6,073 millio i Q3 2026, up +12.6% yea -o -yea . Excludi g the +0.9% tailwi d f om cu e cy fluctuatio s, co sta t cu e cy g owth^* was +11.7%, eflecti g solid u de lyi g g owth compleme ted by the co t ibutio of WNS a d Cloud4C.

The G oup co ti ued to execute st o gly agai st the st ategy p ese ted at its Capital Ma kets Day. Clie ts a e i c easi gly focused o AI t a sfo matio a d scali g deployme ts e te p ise-wide. This is d ivi g g owi g dema d fo the mode izatio of thei tech ology fou datio s a d the deployme t of the ew age tic tech stack, while ope i g ew oppo tu ities to edesig a d t a sfo m busi ess ope atio s with age tic AI.

With booki gs of €5,401 millio i Q3, up +3.4% yea -o -yea at co sta t excha ge ates, the G oup demo st ated good comme cial mome tum.

Ope atio s by Regio

The G oup’s u de lyi g g owth (i.e. excludi g the impact of acquisitio s) i Q3 2026 was solid, suppo ted by the positive mome tum i No th Ame ica a d the U ited Ki gdom, as well as co ti ued imp oveme ts i F a ce a d the Rest of Eu ope. Acquisitio s ( otably WNS a d Cloud4C closed i Q4 2025) had a mate ial co t ibutio to g owth i the No th Ame ica, U ited Ki gdom & I ela d a d Asia-Pacific egio s.

I Q3 2026 a d at co sta t excha ge ates, eve ues i No th Ame ica (29% of 2025 G oup eve ues) g ew +18.3% yea -o -yea , led by co ti ued mome tum i Fi a cial Se vices, alo gside st o g pe fo ma ces i Ma ufactu i g a d Co sume Goods & Retail.

The U ited Ki gdom a d I ela d egio (13% of 2025 G oup eve ues) posted eve ue g owth of +25.2% with st o g t actio i the Public Secto a d a ve y dy amic Co sume Goods & Retail secto while TMT decli ed.

F a ce (19% of 2025 G oup eve ues) co ti ued its ecove y, with eve ues up by +4.9% yea -o -yea . G owth was p ima ily d ive by Ma ufactu i g a d Fi a cial Se vices, eve as the Public Secto emai ed weak.

Reve ues i the Rest of Eu ope egio (30% of 2025 G oup eve ues) ose by +3.4%. The Public, E e gy & Utilities a d Se vices secto s all g ew st o gly, a d Ma ufactu i g tu ed slightly positive.

Fi ally, eve ues i the Asia-Pacific a d Lati Ame ica egio (9% of 2025 G oup eve ues) i c eased +11.9%, suppo ted by the co t ibutio of WNS a d Cloud4C, with good g owth i the Fi a cial Se vices a d Co sume Goods & Retail secto s.

Ope atio s by Busi ess

At co sta t excha ge ates, St ategy & T a sfo matio (8% of 2025 G oup eve ues) epo ted +18.6% g owth i total eve ues i Q3 2026. This st o g pe fo ma ce eflects the g owi g dema d fo busi ess t a sfo matio i the e a of age tic AI, as clie ts edesig thei e te p ise p ocesses a ou d AI, a d the eleva ce of Capgemi i’s deep i dust y expe tise a d u de sta di g of clie ts’ busi ess challe ges.

Applicatio s & Tech ology (63% of 2025 G oup eve ues a d Capgemi i’s co e busi ess) epo ted total eve ue g owth of +3.5%, suppo ted by co ti ued dema d fo the mode izatio of legacy tech ologies, a c itical p e equisite fo buildi g the ew age tic tech ology stack.

Fi ally, total eve ues i Ope atio s & E gi ee i g (29% of 2025 G oup eve ues) i c eased +26.9%, with double-digit g owth o a like-fo -like basis i I tellige t Busi ess Ope atio s, with st o g pe fo ma ce ac oss Capgemi i a d WNS activities.

Headcou t

As of Septembe 30, 2026, the G oup’s total headcou t stood at 417,500, up 62,800 o +18% yea -o -yea , p ima ily eflecti g the i teg atio of WNS team membe s, a d dow 5,900 compa ed to the e d of 2025.

The o sho e wo kfo ce was 141,900 employees. The offsho e wo kfo ce was 275,600 employees, stable at 66% of the total headcou t compa ed to the e d of 2025.

Outlook

The G oup’s fi a cial ta gets fo 2026 a e updated as follows:

• Reve ue g owth of +9.0% to +9.5% at co sta t excha ge ates (was a ou d +8.5% to +9.0%). The i o ga ic co t ibutio is estimated at a ou d 5 poi ts (u cha ged);
• Ope ati g ma gi of 13.6% to 13.8% (u cha ged);
• O ga ic f ee cash flow of a ou d €1.8 billio to €1.9 billio (u cha ged).

The o ga ic f ee cash flow ta get takes i to accou t a i c ease i est uctu i g cash outflow of a ou d €200 millio compa ed to 2025 elated to the Fit-fo -G owth i itiatives.

Co fe e ce call

Aima Ezzat, Chief Executive Office , accompa ied by Nive Bhagat, Chief Fi a cial Office , will comme t o this publicatio du i g a co fe e ce call i E glish to be held today at 8.00 a.m. Pa is time (CET). You ca follow this co fe e ce call live via webcast at the followi g li k. A eplay will also be available fo a pe iod of o e yea .

All docume ts elati g to this publicatio will be posted o the Capgemi i i vesto website at https://i vesto s.capgemi i.com/e /.

P ovisio al cale da

Feb ua y 16, 2027        FY 2026 esultsAp il 29, 2027                Q1 2027 eve uesMay 20, 2027                Sha eholde s’ Meeti gJuly 28, 2027                H1 2027 esults

Disclaime

This docume t may co tai fo wa d-looki g stateme ts. Such stateme ts may i clude p ojectio s, estimates, o assumptio s, a d may elate to pla s, objectives, i te tio s a d/o expectatio s with espect to futu e fi a cial esults, eve ts, ope atio s a d se vices a d p oduct developme t, as well as futu e pe fo ma ce o eve ts. Fo wa d-looki g stateme ts a e ge e ally ide tified by the wo ds “ta gets”, “aims”, “outlook”, “ambitio s” o “fo ecast”, o simila exp essio s. Although Capgemi i’s ma ageme t cu e tly believes that the expectatio s eflected i such fo wa d-looki g stateme ts a e easo able, i vesto s a e cautio ed that fo wa d-looki g stateme ts a e subject to va ious isks a d u ce tai ties (i cludi g without limitatio isks ide tified i Capgemi i’s U ive sal Regist atio Docume t available o Capgemi i’s website), ma y of which a e difficult to p edict a d ge e ally beyo d the co t ol of Capgemi i. Actual esults a d developme ts may diffe mate ially f om those exp essed i , implied by o p ojected by fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts a e ot i te ded to a d do ot give a y assu a ces o comfo t as to futu e eve ts o esults. Othe tha as equi ed by applicable law, Capgemi i does ot u de take a y obligatio to update o evise a y fo wa d-looki g stateme t.

This docume t does ot co tai o co stitute a offe of secu ities fo sale o a i vitatio o i duceme t to i vest i secu ities i F a ce, the U ited States o a y othe ju isdictio .

About Capgemi i

Capgemi i is the busi ess t a sfo matio pa t e fo e te p ises i the age of AI. We help o ga izatio s imagi e a d build a i tellige t, sustai able futu e, combi i g AI, tech ology a d huma i ge uity to t a sfo m how they ope ate, i ovate a d g ow. With u ique e d-to-e d capabilities spa i g st ategy, tech ology, e gi ee i g a d i tellige t ope atio s, we b i g togethe deep i dust y expe tise a d ma ket-leadi g capabilities i AI, cloud a d data to tu ambitio i to measu able busi ess outcomes at scale. Suppo ted by a obust ecosystem of pa t e s a d ea ly 60 yea s of expe tise, Capgemi i is a espo sible a d dive se global o ga izatio of ove 410,000 team membe s i mo e tha 50 cou t ies. The G oup epo ted 2025 eve ues of €22.5 billio .

Make it eal | www.capgemi i.com

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APPENDIXF¹

Busi ess classificatio

• St ategy & T a sfo matio i cludes all st ategy, i ovatio a d t a sfo matio co sulti g se vices.
• Applicatio s & Tech ology b i gs togethe all applicatio s se vices a d elated activities.
  • Ope atio s & E gi ee i g e compasses all othe G oup busi esses. These comp ise I tellige t Busi ess Ope atio s, all I f ast uctu e a d Cloud se vices, a d R&D a d E gi ee i g se vices.

Defi itio s

Yea -o -yea eve ue g owth at co sta t excha ge ates is calculated by compa i g eve ues fo the epo ted pe iod with those of the same pe iod of the p evious yea estated with the excha ge ates of the epo ted pe iod.

Whe dete mi i g activity t e ds by busi ess a d i acco da ce with i te al ope ati g pe fo ma ce measu es, g owth at co sta t excha ge ates is calculated based o total eve ues, i.e., befo e elimi atio of i te -busi ess billi g. The G oup co side s this to be mo e ep ese tative of activity levels by busi ess. As its busi esses cha ge, a i c easi g umbe of co t acts equi e a a ge of busi ess expe tise fo delive y, leadi g to a ise i i te -busi ess flows.

Ope ati g ma gi is o e of the G oup’s key pe fo ma ce i dicato s. It is defi ed as the diffe e ce betwee eve ues a d ope ati g costs. It is calculated befo e “Othe ope ati g i come a d expe ses” which i clude amo tizatio of i ta gible assets ecog ized i busi ess combi atio s, expe ses elative to sha e-based compe satio (i cludi g social secu ity co t ibutio s a d employe co t ibutio s) a d employee sha e ow e ship pla , a d o – ecu i g eve ues a d expe ses, otably impai me t of goodwill, egative goodwill, capital gai s o losses o disposals of co solidated compa ies o busi esses, est uctu i g costs i cu ed u de a detailed fo mal pla app oved by the G oup’s ma ageme t, the cost of acqui i g a d i teg ati g compa ies acqui ed by the G oup, i cludi g ea -outs comp isi g co ditio s of p ese ce, a d the effects of cu tailme ts, settleme ts a d t a sfe s of defi ed be efit pe sio pla s.

No malized et p ofit is equal to p ofit fo the yea (G oup sha e) adjusted fo the impact of items ecog ized i “Othe ope ati g i come a d expe se”, et of tax calculated usi g the effective tax ate. No malized ea i gs pe sha e is computed like basic ea i gs pe sha e, i.e., excludi g dilutio .

O ga ic f ee cash flow is equal to cash flow f om ope atio s less acquisitio s of p ope ty, pla t, equipme t a d i ta gible assets ( et of disposals) a d epayme ts of lease liabilities, adjusted fo cash out elati g to the et i te est cost.

Net debt (o et cash) comp ises (i) cash a d cash equivale ts, as p ese ted i the Co solidated Stateme t of Cash Flows (co sisti g of sho t-te m i vestme ts a d cash at ba k) less ba k ove d afts, a d also i cludi g (ii) cash ma ageme t assets (assets p ese ted sepa ately i the Co solidated Stateme t of Fi a cial Positio due to thei cha acte istics), less (iii) sho t- a d lo g-te m bo owi gs. Accou t is also take of (iv) the impact of hedgi g i st ume ts whe these elate to bo owi gs, i te compa y loa s, a d ow sha es.

Ope atio s by Secto

9-mo th ope atio s

^* The te ms a d Alte ative Pe fo ma ce Measu es ma ked with a (^*) a e defi ed a d/o eco ciled i the appe dix to this p ess elease.¹ Note that i the appe dix, ce tai totals may ot equal the sum of amou ts due to ou di g adjustme ts.

Attachme t

• Capgemi i_-_2026-10-30-_-2026_Q3_Reve ues