“CGI’s fourth quarter performance reflects the strength of our client relationships, the relevance of our offerings and the operational excellence of our team,” said Tim Hurlebaus, President and Chief Executive Officer. “We continued to deliver revenue growth, earnings expansion and strong bookings which were driven by a 122% quarterly book-to-bill ratio for our AI-embedded managed services.”
“As we enter Fiscal 2027, we are well positioned strategically, operationally and financially to invest in driving both build and buy growth. Advanced AI at enterprise scale is now routinely part of client conversations and proposals, and we see growing client interest in practical applications of quantum computing. Our commitment is to remain a partner of choice for helping clients around the world apply these technologies with industry expertise, modern data foundations, cybersecurity and the ability to govern responsibly and efficiently.”
Q4-F2026 performance highlights
- Revenue of $4.15 billion, up 3.3% year-over-year or 2.5% year-over-year in constant currency1;
- Earnings before income taxes of $628.3 million, up 21.7% year-over-year, for a margin1 of 15.2%;
- Adjusted earnings before interest and taxes1,2 of $678.0 million, up 1.6% year-over-year, for a margin1 of 16.4%;
- Net earnings of $460.7 million, up 20.8% year-over-year, for a margin1 of 11.1%, and diluted EPS of $2.24, up 30.2% year-over-year;
- Adjusted net earnings1,2 of $475.4 million, up 0.8% year-over-year, for a margin1 of 11.5%, and adjusted diluted EPS1,2 of $2.31, up 8.5% year-over-year;
- Distributed $35.1 million back to its shareholders through the payment of a cash dividend;
- Cash provided by operating activities of $551.9 million, representing 13.3% of revenue1; and
- Bookings1 of $4.53 billion, for a book-to-bill ratio1 of 109.2%.
F2026 performance highlights
- Revenue of $16.57 billion, up 4.2% year-over-year or 2.2% year-over-year in constant currency1;
- Earnings before income taxes of $2,479.7 million, up 10.6% year-over-year, for a margin1 of 15.0%;
- Adjusted earnings before interest and taxes1,3 of $2,706.4 million, up 3.7% year-over-year, for a margin1 of 16.3%;
- Net earnings of $1,812.6 million, up 9.3% year-over-year, for a margin1 of 10.9%, and diluted EPS of $8.58, up 16.7% year-over-year;
- Adjusted net earnings1, of $1,898.0 million, up 1.4% year-over-year, or a margin1 of 11.5%, and adjusted diluted EPS1,3 of $8.98, up 8.2% year-over-year;
- Distributed $144.1 million back to its shareholders through the payment of cash dividends;
- Cash provided by operating activities of $2.48 billion, representing 15.0% of revenue1;
- Bookings1 of $17.51 billion, for a book-to-bill ratio trailing twelve months1 of 105.6%; and
- Backlog1 of $32.07 billion or 1.9 x annual revenue.
Note: All figures in Canadian dollars. F2026 MD&A, audited 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, 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.
2 Q4-F2026 adjusted for $14.6 million of restructuring, acquisition and related integration costs, net of tax; Q4-F2025 adjusted for $90.4 million of restructuring, acquisition and related integration costs, net of tax.
3 F2026 adjusted for $85.4 million of restructuring, acquisition and related integration costs, net of tax; F2025 adjusted for $213.2 million of restructuring, acquisition and related integration costs, net of tax.
