French IT consultancy Capgemini raised its 2026 constant currency revenue growth target to between 9.0% and 9.5%, marking its second guidance hike of the year. The revision follows a 12.6% increase in third-quarter revenue to €6.07 billion, driven by expanding client investments in enterprise artificial intelligence deployment and data system modernization. Growth was strongest in the United Kingdom and Ireland at 25.2% and North America at 18.3%.
Full-year and quarterly financial guidance
- ▪Capgemini raised its full-year revenue growth guidance for the second time in 2026 to between 9.0% and 9.5% at constant exchange rates, up from the previous target of 8.5% to 9.0%
- ▪Capgemini targeted constant currency revenue growth of 3% to 4% for the fourth quarter of 2026
- ▪Capgemini confirmed its 2026 operating margin and organic free cash flow objectives alongside its guidance raise
CEO commentary on AI demand
- ▪Capgemini Chief Executive Officer Aiman Ezzat stated that clients are transforming operations using agentic artificial intelligence, driving demand for technology modernization
- ▪Capgemini Chief Executive Officer Aiman Ezzat stated that Capgemini's Q3 2026 revenue growth outpaced the IT consulting sector as client demand focused on overhauling data systems to deploy artificial intelligence
Third-quarter revenue and bookings
- ▪Capgemini reported third-quarter 2026 revenues of €6,073 million, an increase of 12.6% year-on-year at current exchange rates and 11.7% at constant exchange rates
- ▪Capgemini recorded bookings of €5,401 million in the third quarter of 2026, up 3.4% year-on-year at constant exchange rates
Revenue growth by business division
- ▪Capgemini's Operations & Engineering division reported total revenue growth of 26.9% at constant exchange rates in Q3 2026, supported by double-digit like-for-like growth in Intelligent Business Operations
- ▪Capgemini's core division, Applications & Technology, reported total revenue growth of 3.5% at constant exchange rates in Q3 2026
- ▪Capgemini's Strategy & Transformation division reported total revenue growth of 18.6% at constant exchange rates in Q3 2026 as clients redesigned business processes around artificial intelligence
Regional revenue performance
- ▪Capgemini recorded Q3 2026 constant currency revenue growth of 3.4% in the Rest of Europe region, led by Public, Energy & Utilities, and Services sectors
- ▪Capgemini recorded Q3 2026 constant currency revenue growth of 4.9% in France, supported by Manufacturing and Financial Services despite weak Public Sector activity
- ▪Capgemini recorded Q3 2026 constant currency revenue growth of 18.3% in North America, driven by Financial Services, Manufacturing, and Consumer Goods & Retail
- ▪Capgemini recorded Q3 2026 constant currency revenue growth of 25.2% in the United Kingdom and Ireland region, led by Public Sector and Consumer Goods & Retail demand
- ▪Capgemini recorded Q3 2026 constant currency revenue growth of 11.9% in the Asia-Pacific and Latin America region, supported by acquisitions of WNS and Cloud4C
Headcount and workforce breakdown
- ▪Capgemini's total headcount reached 417,500 as of September 30, 2026, an 18% increase year-on-year primarily reflecting the integration of WNS team members
- ▪Capgemini employed 275,600 offshore workers, accounting for 66% of its total workforce as of September 30, 2026, alongside 141,900 onshore employees
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