“ As CGI begins its 50th year in business in 2026, our first quarter results continued to reflect the strength of our business model, client relationships, expertise and operational discipline,” said François Boulanger, President and Chief Executive Officer. “CGI’s performance in the first quarter reflected where clients continue to invest—modernization and managed services, with advanced AI solutions embedded. This drove strong overall wins in the quarter, led by managed services at 117% book-to-bill. The CGI team’s discipline in managing our business and delivery quality generated record-high cash from operations of $872 million, continuing to deepen CGI’s position as an active consolidator. ”
Q1-F2026 performance highlights
- Revenue of $4.08 billion, up 7.7 % year-over-year or 3.4 % year-over-year in constant currency1;
- Earnings before income taxes of $599.8 million, up 1.4 % year-over-year, for a margin1 of 14.7 %;
- Adjusted earnings before interest and taxes1,2 of $655.1 million, up 7.1% year-over-year, for a margin1 of 16.1 %;
- Net earnings of $442.0 million for a margin1 of 10.8 %, and diluted EPS of $2.03, up 5.7 % year-over-year;
- Adjusted net earnings1,2 of $461.0 million for a margin1 of 11.3 %, and adjusted diluted EPS1,2 of $2.12, up 7.6 % year-over-year;
- Cash provided by operating activities of $871.9 million, representing 21.4 % of revenue1;
- Bookings1 of $4.47 billion, for a book-to-bill ratio1 of 109.5 % or 110.4 % on a trailing twelve month basis; and
- Backlog1 of $31.32 billion or 1.9x annual revenue.
Note: All figures in Canadian dollars. Q1-F2026 MD&A, interim condensed consolidated financial statements and accompanying notes can be found at cgi.com/investors and have been filed with the Canadian Securities Administrators on SEDAR+ at www.sedarplus.ca and the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.
1 Constant currency revenue growth, adjusted earnings before interest and taxes, adjusted earnings before interest and taxes margin, adjusted net earnings, adjusted net earnings margin and adjusted diluted EPS are non-GAAP financial measures or ratios. Earnings before income taxes margin, net earnings margin, cash provided by operating activities as a percentage of revenue, bookings, book-to-bill ratio, and backlog are key performance measures. See “Non-GAAP and other key performance measures” section of this press release for more information, including quantitative reconciliations to the closest International Financial Reporting Standards (IFRS Accounting Standards) measure, as applicable. These are not standardized financial measures under IFRS Accounting Standards and might not be comparable to similar financial measures disclosed by other companies.
2 Q1-F2026 adjusted for $19.0 million of restructuring, acquisition and related integration costs, net of tax; Q1-F2025 adjusted for $10.4 million of restructuring, acquisition and related integration costs, net of tax.
