Capgemini Se · EURONEXT:CAP
Capgemini — Q3 2026 Earnings Presentation
27 slides from Capgemini's earnings presentation, Oct 30, 2026
Slide 1: Q3 2026 Revenues
O3 2026 Revenues October 30, 2026 Capgonini®>
Slide 2: Disclaimer
Disclaimer This document may contain forward-looking statements. Such statements may include projections, estimates, or assumptions, and may relate to plans, objectives, intentions and/or expectations with respect to future financial results, events, operations and services and product development,
Slide 3: Chief Executive Officer
Chief Executive Officer s
Slide 4: Making AI real
Making AI real Traction across our strategic agenda 1. 2. 3. 4. Solid Q3 2026 Intelligent Executing our Unique Business AI strategy positioning in Operations sovereignty and defense Slightly better Confirming Leveraging Building a leader than expected a successful Capgemini assets strategic move and
Slide 5: Another solid quarter
1. SOLID Q3 2026 Another solid quarter Q3 Revenues Q3 Bookings CC YoY €6,073m +3.4% CC YoY Q3 2026 Revenues | October 30, 2026 © Capgemini 2026. All rights reserved. 5
Slide 6: Broad-based growth, accelerated by AI
1. SOLID Q3 2026 Broad-based growth, accelerated by AI Businesses Sectors Strategy & Transformation Financial Services +18.6% +17.0% UK & Ireland +25.2% North America Applications & Technology Consumer Goods & Retail +18.3% France Rest of Europe +3.5% +15.5% +4.9% +3.4% Asia Pacific & Operations & E
Slide 7: Intelligent Business Operations with another double-digit like-for-like growth
2. INTELLIGENT BUSINESS OPERATIONS Intelligent Business Operations with Agentic Products Transform another double-digit like-for-like growth & Services Enterprise Agentic Agentic Dual Technology Technology Control Value Creation Modernization Stack Plane Model Agentic Enterprise Processes across WNS
Slide 8: Executing our AI strategy as demand ramps up
3. EXECUTING OUR AI STRATEGY Executing our AI strategy as demand ramps up What we are delivering Asset management Accelerating on IP & platforms VALUE POOL 1 AI-enabled unified desktop replacing 180 fragmented applications for Four layers to turn a point solution into a Enterprise customer-facing st
Slide 9: Our partner ecosystems are a key pillar of our agentic ambition
3. EXECUTING OUR AI STRATEGY Our partner ecosystems are a key pillar of our agentic ambition 18 Core Partners Agentic Value Pools Agentic Transform Products & Enterprise Agentic Agentic Services Dual Technology Technology Control Value Creation Modernization Stack Plane Agentic Model Enterprise Proc
Slide 10: Sovereignty & Defense: building on strong European demand
4. SOVEREIGNTY & DEFENSE Sovereignty & Defense: building on strong European demand What we are delivering Covering all layers Security Financial services Defense Infrastructure Support a national agency in its Exposure assessment and Secure, shared engineering Core systems work to modernize a countr
Slide 11: Upgraded 2026 Outlook
OUTLOOK Upgraded 2026 Outlook Revenue Growth Operating Margin Organic FCF around to to to at constant currency was around +8.5% to +9.0% unchanged unchanged Inorganic contribution estimated at Takes into account an increase in around 5 points (unchanged) restructuring cash outflow of around €200 mil
Slide 12: Chief Financial Officer
Nive Bhagat Chief Financial Officer s
Slide 13: Quarterly Revenue Growth
Quarterly Revenue Growth in € m Constant Currency Growth 6,139 6,073 5,965 5,943 Q3: +11.7% YoY 5,553 5,554 9M: +11.4% YoY 5,393 Q1 2026 Q2 2026 Q3 2026 9M 2026 Year-on-Year Constant Currency +11.0% +11.6% +11.7% +11.4% Currencies -4.0pts -1.1pts +0.9pts -1.4pts Reported +7.0% +10.5% +12.6% +10.0% Q
Slide 14: Revenues by Sector
Revenues by Sector Financial Consumer Telcos, Media Energy & Manufacturing Public Sector Services Services Goods & Retail & Technology Utilities Year-on-year revenue growth at constant currency in % of FY25 Group revenues 25% 22% 15% 13% 12% 8% 5% Q3 2026 +7.3% +17.0% +11.5% +15.5% +4.5% +10.0% +22.
Slide 15: Revenues by Region
Revenues by Region North America UK & Ireland France Rest of Europe APAC & LATAM Revenues in € m, year-on-year revenue growth at constant currency in % of FY25 13% 19% Group revenues 29% 30% 9% 1,843 928 1,019 1,686 597 6,073 Q3 2026 +18.3% +25.2% +4.9% +3.4% +11.9% +11.7% 5,344 2,674 3,161 5,192 1,
Slide 16: Revenues by Business
Revenues by Business Strategy & Applications & Operations & Transformation Technology Engineering Year-on-year Operations & Engineering revenue growth at constant currency Strategy & Transformation Q3 2026 +18.6% +3.5% +26.9% Applications & Technology 9M 2026 +12.2% +4.5% +25.4% in % of FY25 Group r
Slide 17: Bookings & Book-to-Bill
Bookings & Book-to-Bill Quarterly Book-to-Bill 1.06 1.10 0.96 1.21 1.02 1.07 0.89 Bookings 2025 2026 7.2 in € bn 6.5 5.9 6.1 6.1 5.2 5.4 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Constant currency growth YOY (in %) +2.8% +1.5% +1.5% +9.1% +6.2% +9.2% +3.4% Q3 2026 Revenues | October 30
Slide 18: Headcount Evolution
Headcount Evolution Headcount Evolution (1) Last-12-Months Attrition (2) Sept 2025 Net variation Net variation Sept 2026 Offshore Onshore 18.4% -0.9pts +18% +63,700 -900 417,500 354,700 (1) Primarily reflecting the integration of WNS team members in Q4 2025 (2) Attrition year-on-year variation is pr
Slide 19: Q&A
Q&A Aiman EZZAT Nive BHAGAT Chief Executive Officer Chief Financial Officer
Slide 20: Appendix
Appendix Cangomuni@s
Slide 21: Appendix - Index
Appendix - Index 1. Alternative and Management Performance Measures 2. Revenue Quarterly Evolution 3. Q3 & 9M 2026 Revenues by Region 4. Attrition, Utilization & Offshore Leverage 5. Adoption of IFRS 18 Q3 2026 Revenues | October 30, 2026 © Capgemini 2026. All rights reserved. 21
Slide 22: Alternative and Management Performance Measures
Alternative and Management Performance Measures ▐ Year-on-year revenue growth at constant exchange rates is calculated by comparing revenues for the reported period with those of the same period of the previous year restated with the exchange rates of the reported period. ▐ When determining activity
Slide 23: Revenue Quarterly Evolution
Revenue Quarterly Evolution Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Revenues (in € m) 5,553 5,554 5,393 5,965 5,943 6,139 6,073 Year-on-Year CC growth -0.4% +0.7% +2.9% +10.6% +11.0% +11.6% +11.7% Year-on-Year CC growth by Region North America +0.8% +2.4% +7.0% +19.9% +20.7% +18.9% +
Slide 24: Q3 & 9M 2026 Revenues by Region
Q3 & 9M 2026 Revenues by Region Q3 2026 9M 2025 9M 2026 Variation Revenues Revenues Year-on-Year Constant (in €m) (in €m) (in €m) Reported Currency North America 1,843 4,663 5,344 +14.6% +19.2% UK & Ireland 928 2,217 2,674 +20.6% +22.5% France 1,019 3,105 3,161 +1.8% +1.8% Rest of Europe 1,686 5,026
Slide 25: Attrition, Utilization & Offshore Leverage
Attrition, Utilization & Offshore Leverage Strategy & Transformation Applications & Technology Operations & Engineering LTM Attrition* LTM Attrition* LTM Attrition* 15.7% -0.2pts 14.2% -1.0pts 22.8% -1.0pts Utilization Rate Utilization Rate 81% 79% 80% 79% 79% 78% 80% 81% Group Offshore 69% 67% 69%
Slide 26: Adoption of IFRS 18 from 1 January 2027
Adoption of IFRS 18 from 1 January 2027 What is IFRS 18? 2026 IAS 1 income statement 2027 IFRS 18 income statement New IASB standard replacing IAS 1, Revenue Revenue effective 1 January 2027. Cost of services rendered Cost of services rendered Main changes Selling expenses Selling expenses Operating
Slide 27: About Capgemini
About Capgemini Capgemini is the business transformation partner for enterprises in the age of AI. Biraud, Vincent Massoni, Patrick We help organizations imagine and build an intelligent, sustainable future, Head of Investor Relations Senior Manager, Investor Relations combining AI, technology and h