“CGI’s results in the quarter continue to reflect our positioning to meet client demand, as well as our operational excellence—both of which contributed to revenue growth, EPS accretion, and strong cash generation,” said Tim Hurlebaus, President and Chief Executive Officer. “Strong government sector awards contributed to a 108% book-to-bill over the past year, up 7% year-over-year. Combined with a robust backlog of contracted engagements and a rising opportunity pipeline, we remain positioned to continue the profitable growth momentum we realized in the quarter.”
“Across every industry, clients are increasingly focused on how to securely operate with AI embedded at enterprise scale,” continued Mr. Hurlebaus. “Importantly, clients recognize that long-term business and mission value now depends as much on modern data, cybersecurity and organizational readiness as it does on AI innovation. This shift continues to create new opportunities for CGI to partner with clients to drive efficiency, modernization and transformation—all while preserving clients’ flexibility to adapt as technologies evolve.”
Q3-F2026 performance highlights
- Revenue of $4.19 billion, up 2.5% year-over-year or 1.3% year-over-year in constant currency1;
- Earnings before income taxes of $633.9 million, up 14.9% year-over-year, for a margin1 of 15.1%;
- Adjusted earnings before interest and taxes1,2 of $681.7 million, up 2.3% year-over-year, for a margin1 of 16.3%;
- Net earnings of $465.2 million, up 13.8% year-over-year, for a margin1 of 11.1%, and diluted EPS of $2.23, up 22.5% year-over-year;
- Adjusted net earnings1,2 of $478.3 million, up 1.7% year-over-year, for a margin1 of 11.4%, and adjusted diluted EPS1,2 of $2.29, up 9.0% year-over-year;
- Returned $35.7 million back to its shareholders through the payment of a cash dividend ($0.17 per share);
- Cash provided by operating activities of $604.5 million, representing 14.4% of revenue1 and $2.59 billion or 15.8% of revenue1 on a trailing twelve month basis;
- Bookings1 of $4.20 billion, for a book-to-bill ratio1 of 100.1% or 108.1% on a trailing twelve month basis1; and
- Backlog1 of $31.79 billion or 1.9x annual revenue.
Note: All figures in Canadian dollars. Q3-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.
1Constant 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, book-to-bill ratio trailing twelve months 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.
2Q3-F2026 adjusted for $13.1 million of restructuring, acquisition and related integration costs, net of tax; Q3-F2025 adjusted for $61.5 million of restructuring, acquisition and related integration costs, net of tax.
