Business
Descartes Announces Fiscal 2026 Fourth Quarter and Annual Financial Results
Record Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, March 11, 2026 (GLOB...
About this update from Descartes Systems Group Inc.
[{"type":"text","content":"Descartes Announces Fiscal 2026 Fourth Quarter and Annual Financial Results\nRecord Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, March 11, 2026 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2026 fourth quarter (Q4FY26) and year (FY26) ended January 31, 2026. All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). \"Our business performed ahead of our plans for both the fourth quarter and full fiscal year,\" said Edward J. Ryan, Descartes' CEO. \"Our customers continue to face tariff uncertainty, both in the future tariff landscape and the potential recovery of some previously-paid tariffs. A rapidly changing geopolitical landscape also continues to impact shipping and supply chains. These conditions and uncertainty contribute to forecasting, pricing, planning and execution challenges for shippers, carriers and logistics services providers alike. Descartes' Global Logistics Network continues to be the supply chain community's critical source of timely, accurate and reliable data and solutions to fuel AI and decision making in these complex market conditions.\" FY26 Financial ResultsAs described in more detail below, key financial highlights for Descartes’ FY26 included: Revenues of $729.0 million, up 12% from $651.0 million in the same period a year ago (FY25);Revenues were comprised of services revenues of $677.2 million (93% of total revenues), professional services and other revenues of $49.3 million (7% of total revenues) and license revenues of $2.5 million (less than 1% of total revenues). Services revenues were up 15% from $590.2 million in FY25;Cash provided by operating activities of $266.2 million, up 21% from $219.3 million in FY25. Cash provided by operating activities was impacted by the following: (i) in FY26 by the payment of $6.5 million in personnel departure amounts; and (ii) in FY25 by the payment of $25.0 million in contingent acquisition consideration for previously completed deals, which was not accrued for at the time of acquisition;Income from operations of $210.0 million, up 16% from $181.1 million in FY25;Net income of $163.8 million, up 14% from $143.3 million in FY25. ...