On February 12, 2026, Capgemini confirmed its full-year 2025 results, delivering steady growth despite ongoing economic pressure across key markets. The global consulting and technology services firm reported €22.5 billion in revenue and outlined a confident growth outlook for 2026, backed by accelerating AI adoption and strategic acquisitions.
For business leaders, the message is clear: AI is moving from experimentation to scaled enterprise deployment, and Capgemini is positioning itself at the center of that shift.
Capgemini generated €22,465 million in revenue in 2025, reflecting a 1.7% year-on-year increase. At constant exchange rates, growth reached 3.4%, exceeding the upper end of its revised guidance.
Key financial highlights include:
Operating margin: 13.3% of revenues (€2,983 million)
Organic free cash flow: €1,949 million
Bookings: €24,356 million (+3.9% at constant currency)
Book-to-bill ratio: 1.08 for the year, 1.21 in Q4
Net profit (Group share): €1,601 million
Normalized EPS: €12.95 (+5.8%)
Net debt: €5.3 billion, reflecting acquisition investments
Chairman Paul Hermelin and CEO Aiman Ezzat emphasized the company’s ability to maintain margin resilience while expanding high-value services in Cloud, Data, and AI.
2025 marked a turning point in Capgemini’s AI strategy.
Generative AI and agentic AI represented:
Over 8% of total annual bookings
More than 10% of Q4 bookings
Client conversations are no longer about pilot programs. Enterprises are moving toward large-scale AI integration across operations, customer experience, and decision-making systems.
Capgemini is investing aggressively in AI delivery capabilities, embedding intelligence across consulting, engineering, and digital operations services.
For C-suite leaders, this signals a broader market shift: AI transformation programs are now strategic mandates, not innovation experiments.
A major move in 2025 was the acquisition of WNS, strengthening Capgemini’s intelligent operations and digital business process services.
The integration enhances the company’s ability to deliver:
AI-powered process automation
End-to-end intelligent operations
Scalable digital business services
Combined with Cloud4C, the acquisition contributed to strong Q4 momentum, with constant currency growth reaching 10.6%.
Capgemini’s growth profile varied by geography:
North America (29% of revenue): +7.3% growth, 16.9% margin, strong performance in Financial Services and TMT
United Kingdom & Ireland (13%): +10.5% growth, 18.0% margin
France (19%): -4.1% revenue decline, margin improved to 10.9%
Rest of Europe (30%): -0.7% revenue change, 11.4% margin
Asia-Pacific & Latin America (9%): +13.8% growth, 12.6% margin
The growth engines are clearly North America, the UK, and high-growth international markets.
Headcount rose to 423,400 employees, up 24% year-on-year, largely driven by the WNS integration.
Offshore workforce: 279,200 (66%)
Onshore workforce: 144,200
Capgemini invested heavily in skills development, averaging 97 learning hours per employee in 2025, with AI capability building as a priority.
For enterprise clients, this scale and skill depth matter. AI transformation requires delivery capacity, not just strategy decks.
Capgemini continued to advance its sustainability agenda:
94% reduction in Scope 1 and 2 emissions versus 2019
70% reduction in business travel emissions per employee
100% renewable electricity across operations
40% women in the global workforce
30.5% women in executive leadership
The company remains included in the Dow Jones Best-in-Class Indices and holds an A List rating from CDP.
To align talent with AI-driven demand, Capgemini announced a two-year restructuring plan, with €700 million in expected costs, primarily in 2026.
The goal is clear: sharpen agility, upgrade skills, and strengthen long-term competitiveness in AI-led services.
For 2026, Capgemini forecasts:
Revenue growth of 6.5% to 8.5% at constant exchange rates
Operating margin between 13.6% and 13.8%
Organic free cash flow of €1.8 to €1.9 billion
Growth will be driven by:
Enterprise-scale AI programs
Intelligent operations expansion
Digital sovereignty solutions
Strategic alliances with Amazon Web Services, Google Cloud, and Microsoft
In 2025, Capgemini deployed €4.6 billion in capital:
€3.8 billion in acquisitions
€578 million in dividends (€3.40 per share)
€542 million in share buybacks
The Board recommended maintaining a €3.40 per share dividend for 2026, representing a payout ratio of around 35%.
Capgemini’s 2025 results tell a larger story.
AI is no longer a future investment. It is shaping revenue models, operations, and competitive positioning today. Companies that scale AI responsibly and strategically will widen the gap over slower competitors.
Capgemini is betting that 2026 will reward those who move decisively.
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