Capgemini Reports €22.5 Billion Revenue in FY2025, Strengthens AI Strategy and Targets Up to 8.5% Growth in 2026

February 12, 2026: Capgemini SE (Euronext Paris: CAP), chaired by Paul Hermelin, has approved its financial results for the year ended December 31, 2025. Despite a challenging macroeconomic environment, the global technology and consulting major delivered resilient performance, accelerated AI-led transformation initiatives, and outlined an ambitious growth outlook for 2026.

Revenue and Financial Performance in 2025

Capgemini reported revenues of €22,465 million in 2025, representing a +1.7% year-on-year increase. At constant exchange rates, revenue growth stood at +3.4%, exceeding the upper end of the Group’s revised guidance.

The operating margin remained stable at 13.3% of revenues, amounting to €2,983 million. Organic free cash flow was steady at €1,949 million, in line with the company’s annual target.

Key highlights for FY2025:

• Bookings: €24,356 million (+3.9% at constant exchange rates)

• Book-to-bill ratio: 1.08 (1.21 in Q4)

• Net profit (Group share): €1,601 million (-4.2%)

• Normalized EPS: €12.95 (+5.8%)

• Operating profit margin: 9.8%

• Net debt: €5.3 billion (following acquisition investments)

CEO Aiman Ezzat stated that Capgemini exceeded its revenue growth objective and maintained margin resilience, driven by strong demand for Cloud, Data & AI services, digital business process services, and large transformational deals.

AI-Led Transformation Driving Growth

Capgemini’s AI strategy gained significant traction in 2025. Generative AI and agentic AI represented:

• Over 8% of total annual bookings

• More than 10% of Group bookings in Q4

The company is integrating AI across its service portfolio, accelerating enterprise-wide AI adoption for clients. Capgemini aims to position itself as a catalyst for large-scale AI transformation programs globally.

According to Ezzat, client demand is shifting from AI experimentation to enterprise-wide AI deployment.

Strategic Acquisition of WNS

A major milestone in 2025 was the acquisition of WNS, strengthening Capgemini’s Intelligent Operations and digital business process services capabilities.

The deal enhances Capgemini’s ability to deliver:

• GenAI-powered intelligent operations

• End-to-end process automation

• Scalable AI-enabled business services

The acquisition, along with Cloud4C, significantly boosted Q4 performance, contributing to +10.6% constant currency growth in Q4 2025.

Regional Performance Overview

North America (29% of revenues)

• Growth: +7.3% at constant exchange rates

• Operating margin: 16.9%

• Strong traction in Financial Services and TMT

United Kingdom & Ireland (13%)

• Growth: +10.5%

• Operating margin: 18.0%

France (19%)

• Revenue decline: -4.1%

• Margin improved to 10.9%

Rest of Europe (30%)

• Slight revenue decline: -0.7%

• Margin: 11.4%

Asia-Pacific & Latin America (9%)

• Strong growth: +13.8%

• Margin: 12.6%

Workforce Expansion and AI Upskilling

Capgemini’s total headcount reached 423,400 employees, up 24% year-on-year, largely due to the integration of WNS.

• Offshore workforce: 279,200 (66% of total)

• Onshore workforce: 144,200 (stable year-on-year)

The company significantly invested in AI upskilling, averaging 97 learning hours per employee in 2025.

ESG and Sustainability Achievements

Capgemini strengthened its ESG commitments in 2025:

• 94% reduction in Scope 1 & 2 carbon emissions (vs 2019)

• 70% reduction in business travel emissions per employee

• 100% renewable electricity across operations

• 40% women in global workforce

• 30.5% women in executive leadership roles

The company remains part of the Dow Jones Best-in-Class Indices and maintained an “A List” rating from CDP.

Fit-for-Growth Restructuring Plan

To align with evolving AI-driven client demand, Capgemini announced workforce and skills adaptation initiatives. The company expects €700 million in restructuring costs over two years, primarily in 2026.

The transformation aims to enhance agility, AI capabilities, and long-term competitive positioning.

2026 Financial Outlook

Capgemini provided the following guidance for 2026:

• Revenue growth of +6.5% to +8.5% (constant exchange rates)

• Operating margin between 13.6% and 13.8%

• Organic free cash flow of €1.8–€1.9 billion

Growth in 2026 is expected to be driven by:

• AI-led transformation programs

• Intelligent Operations expansion

• Rising demand for digital sovereignty solutions

• Strategic partnerships with AWS, Google, and Microsoft

Capital Allocation and Dividend

In 2025, Capgemini deployed €4.6 billion in capital, including:

• €3.8 billion in acquisitions (notably WNS)

• €578 million in dividends (€3.40 per share)

• €542 million in share buybacks

The Board recommended a dividend of €3.40 per share for 2026, maintaining a payout ratio of around 35%.

Conclusion

Capgemini delivered steady financial performance in 2025 while accelerating its transformation into an AI-first global technology services leader. With strong bookings momentum, strategic acquisitions, and ambitious 2026 growth targets, the Group is positioning itself at the forefront of enterprise-wide AI adoption.

The company will outline its medium-term strategy during its Capital Markets Day on May 27, 2026.