Capgemini’s internet revenue attributable to the group for the 12 months 2025 skilled a decline of 4.2%, amounting to €1.6bn in comparison with €1.67bn in 2024.
Regardless of this lower in internet revenue, the French IT main reported a rise in income, reaching €22.5bn, which represents a 1.7% rise in comparison with the earlier 12 months’s income of €22bn. When adjusted for fixed trade charges, the income progress was 3.4%, surpassing earlier projections.
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By way of earnings per share (EPS), the fundamental EPS decreased by 3.7% to €9.46, whereas the normalised EPS elevated by 5.8% to €12.95.
The corporate’s bookings for the 12 months totalled €24.4bn ($28.96bn), reflecting a 3.9% improve at fixed trade charges, and the book-to-bill ratio stood at 1.08.
The working margin was steady at 13.3% of revenues, equating to €2.98bn. By way of money circulation, Capgemini generated an natural free money circulation of €1.95bn, which remained steady in comparison with the earlier 12 months
Within the fourth quarter, Capgemini achieved a income progress of 10.6%, pushed by robust demand for cloud, information, AI, and digital enterprise course of providers. Generative and agentic AI made up greater than 10% of Capgemini’s bookings in This autumn.
The This autumn income progress was additional supported by the strategic acquisition of WNS, which enhanced Capgemini’s capabilities in delivering AI-powered clever operations.
The acquisition is predicted to speed up the end-to-end agentification of enterprise processes, aligning with the corporate’s strategic concentrate on AI integration.
Waiting for 2026, Capgemini goals to realize income progress of 6.5% to eight.5% at fixed trade charges. The corporate additionally initiatives an working margin between 13.6% and 13.8%, with plans to drive progress by means of AI-led transformation programmes and elevated demand for sovereignty options.
Moreover, Capgemini is getting ready for restructuring initiatives, with anticipated prices of roughly €700m over the following two years, geared toward aligning its workforce with its progress agenda.
Regionally, North America skilled a 7.3% improve in income, bolstered by WNS and robust efficiency in monetary providers. In the meantime, the UK and Eire noticed a ten.5% progress, whereas France confronted a 4.1% decline as a result of challenges within the manufacturing sector.
Different areas additionally contributed to the general progress, with various performances throughout completely different markets.
As of 31 December 2025, Capgemini’s complete headcount reached 423,400, marking a rise of 82,300 or 24% in comparison with the earlier 12 months. This rise consists of a rise of 68,700 for the reason that finish of September 2025, largely as a result of integration of WNS staff members.
Capgemini CEO Aiman Ezzat mentioned: “In a posh macroeconomic atmosphere, we exceeded our income progress goal and met our margin and natural free money circulation targets, demonstrating the energy and readability of our strategic course.
“The advance of our underlying progress dynamics all year long has been pushed by a robust demand for cloud, information & AI and digital enterprise course of providers, in addition to a larger variety of giant transformational offers.”
Ezzat mentioned on the earnings name that the group is sharpening its strategic focus round three structural progress themes, AI, Clever Operations, and digital sovereignty. These themes shall be supported by selective merger and acquisitions (M&A), disciplined funding and a quicker shift in expertise and supply mannequin.
He argued that 2026 would be the “second of fact” for enterprise AI, as shoppers transfer past proofs of idea and demand measurable outcomes embedded in core operations.
Adoption, he mentioned, is constrained by lacking foundations, together with trendy infrastructure, high-quality information, and standardised governance, danger and compliance frameworks, in addition to fragmented legacy techniques and the problem of constructing belief in human-AI collaboration.
Capgemini’s alternative, he mentioned, is to handle this complexity by means of area experience, transformation functionality and companion ecosystems.
Ezzat cited an end-to-end procurement transformation utilizing agentic AI throughout market intelligence, sourcing, tender evaluation, price simulation, forecasting, contract drafting and worth monitoring, which has already delivered reported financial savings of €27m.
He additionally highlighted a physics-informed AI answer to enhance data-centre reliability, built-in into present workflows, which has helped keep away from round 50 important incidents per 12 months.
On Clever Operations, he mentioned the WNS acquisition strengthens vertical and operational experience, with integration on observe and advantages anticipated in H2. He reiterated focused end-2027 synergies and highlighted 100 cross-selling alternatives, a rising pipeline and a primary “mega deal” above €600m primarily based on an agentic AI-led transformation and a non-full-time equal (FTE) mannequin.
On sovereignty, he pointed to Cloud4C, a deliberate European-hosted “mirror” platform, Bleu with Orange, and new partnerships with Google Cloud, AWS, Microsoft, and SAP.
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