Endava Plc · NYSE:DAVA
Endava — Q3 FY26 Earnings Presentation
25 slides from Endava's earnings presentation, May 21, 2026
Slide 1: Q3 FY26 Investor presentation
Q3 FY26 Investor presentation.
Slide 2: Disclaimer
Disclaimer. This presentation includes forward-looking statements within the meaning market; the size of our addressable market and market trends; our ability presentation. In addition, projections, assumptions and estimates of our of the Private Securities Litigation Reform Act of 1995. All stateme
Slide 3: About Endava
ee About Endava.
Slide 4: We are a next gen technology services company built for ongoing change
We are a next gen technology services company built for ongoing change. Endava helps clients adapt to dynamic market demands through human ingenuity, intelligent systems, and deep delivery expertise. We embed AI and modern technologies into core operations to deliver measurable outcomes, stronger re
Slide 5: Endava at a glance
Endava at a glance.. Deep Expertise Strategic & Tenured Client Relationships Global Footprint Capabilities Revenue by Vertical (Q3) Client tenure • Software Engineering Endavans Locations 23% Payments • Cloud & Platform Engineering Of last 12 months of revenue: 11,225 People 72 Cities • Data & AI 22
Slide 6: Investment Highlights
Investment Highlights. Endava is positioned where enterprise AI ambition meets enterprise execution difficulty. Our AI-native transformation, global delivery model, deep client relationships and proprietary methods such as Dava.Flow strengthen our ability to help clients move from experimentation to
Slide 7: Investment Highlights
Investment Highlights. Attractive Market Tailwinds in enterprise Early Mover in AI-Native Services AI adoption Delivery Drawing on its digital transformation expertise, Endava is positioned to meet rising Investments in proprietary methods like Dava.Flow and ecosystem partnerships (e.g. enterprise-A
Slide 8: More than 25 years navigating technology shifts
More than 25 years navigating technology shifts. Now reshaping Endava for the AI-native era. 2000 2010 Today Internet & distributed Digital transformation AI-native shift systems shift shift What has changed What has not changed • Clients still pay for the right problems being solved, not • AI makes
Slide 9: AI use is now mainstream
AI use is now mainstream. Scaled enterprise value is still uneven. The market challenge has shifted from access to AI tools to turning AI into governed business outcomes. Adoption is Penetration is Value is still Governance is mainstream still uneven unproven still immature 88% of organizations repo
Slide 10: Endava has been reshaping itself for the AI-native era
Endava has been reshaping itself for the AI-native era. This is a company-wide transformation spanning capability, workflows, governance, partnerships, and leadership. How work flows Who does it How it scales How it adapts What has changed Talent and leadership Governance and enablement Ecosystem an
Slide 11: Dava.Flow is one methodology of that broader shift
Dava.Flow is one methodology of that broader shift. It is a tool-agnostic, human-accountable lifecycle for moving from signal to clearer definition to controlled execution to ongoing learning. What it does Signal Explore Enhanced problem qualification Qualify what Make the work Captures signals earl
Slide 12: Four connected phases designed to improve clarity, speed and control
Four connected phases designed to improve clarity, speed and control. Each phase contributes one clear job and one clear commercial benefit; together they create a governed flow rather than a chain of hand-offs. 1 Signal 2 Explore 3 Govern 4 Evolve Identify and qualify Turn intent into clear, Execut
Slide 13: Ecosystem of leading partners
Ecosystem of leading partners. Consulting & Strategic Cloud, Data & AI Business, Integration / CRM, Marketing Insurance Security, iPaaS / & Personalisation & Risk Data Privacy & Workflow Sustainability Commerce & Digital Experience Payments & FinTech Emerging & Incubation © Copyright 2025 Endava 13
Slide 14: Geographic footprint and delivery capabilities
Geographic footprint and delivery capabilities. 72 Cities 32 Countries 6 Regions RoW 6% Central Europe EU countries 43% North America APAC & MENA 21% UK 38% 33% Central Europe non-EU countries 17% Q3 FY26 Revenue Latin America 10% by Region North America 5% Western Europe 4% Europe 23% Total Employe
Slide 15: Solving complex change where speed, expertise and control all matter
Solving complex change where speed, expertise and control all matter. The differentiator is not only faster activity. It is combining expertise, method and accountable execution to reduce wasted effort and improve confidence in what clients are buying. 1 2 3 Problems Response Execution Problems clie
Slide 16: Q3 '26 Financial Highlights
Q3 ‘26 Financial Highlights.
Slide 17: Revenue
Revenue.. Revenue (£m) FY21-FY25 CAGR 14.7% -8.4% Q3 YOY 794.7 740.8 772.3 654.8 585.5 540.8 446.3 194.8 178.5 Q3 195.6 184.1 Q2 195.1 178.2 Q1 FY21 FY22 FY23 FY24 FY25 9M FY25 9M FY26 Jun 30 Mar 31 Over the last five fiscal years, 90.7% of our revenue each fiscal year, on average, came from custome
Slide 18: Profitability
Profitability.. Profit / (Loss) before tax (£m) Adjusted profit before tax (£m)* 114.2 102.4 164.2 138.3 54.4 92.1 83.0 82.1 27.0 24.1 20.3 65.7 13.6 2.5 24.6 4.2 (8.5) Q1 (7.2) Q2 23.7 21.8 3.2 Q3 (372.0) Q3 10.7 Q2 (387.7) 19.2 9.9 Q1 FY21 FY22 FY23 FY24 FY25 9M FY25 9M FY26 FY21 FY22 FY23 FY24 FY
Slide 19: Client Relationships
Client Relationships.. Total no. of clients and with revenue > £1m* Top 10 clients (% of total revenue) 732 711 695 656 619 615 584 39% 40% 35% 34% 36% 36% 35% 33% 32% 134 146 146 133 136 129 85 FY21 FY22 FY23 FY24 FY25 Q3FY25 Q3FY26 FY21 FY22 FY23 FY24 FY25 9M FY25 9M FY26 Q3 FY25 Q3 FY26 Jun 30 Ma
Slide 20: Clients Spend
Clients Spend.. Top 10 clients - average spend (£m) Remaining clients - average spend (£m) 27.9 0.91 26.0 0.84 0.84 24.1 0.79 22.2 21.2 0.70 0.71 0.71 19.2 15.6 0.28 0.27 7.5 7.1 FY21 FY22 FY23 FY24 FY25 9M FY25 9M FY26 Q3FY25 Q3FY26 FY21 FY22 FY23 FY24 FY25 9M FY25 9M FY26 Q3FY25 Q3FY26 Jun 30 Mar
Slide 21: Geography & Industry verticals
Geography & Industry verticals.. Revenue by Region Other* 11% Payments 3% 3% 6% 8% 6% 6% 6% RoW N. America Healthcare 23% Europe UK 11% 31% 35% 32% 33% 38% 37% 38% Q3 FY26 Mobility Revenue by Vertical 24% Banking & 21% 23% 26% 23% 22% 23% 8% Capital Markets 22% Technology, Media & Telecom 42% 41% 39
Slide 22: CAPEX & Adjusted FCF
CAPEX & Adjusted FCF.. Capital expenditures (£m) Adjusted free cash flow (£m)* 111.5 107.2 13.7 13.5 13.9 2.8 82.7 Q3 58.4 52.7 48.7 5.2 5.1 17.5 26.3 4.4 (3.1) Q3 8.0 Q2 2.7 1.1 20.1 Q2 0.4 31.6 1.1 3.0 Q1 9.2 Q1 3.5 FY21 FY22 FY23 FY24 FY25 9M FY25 9M FY26 FY21 FY22 FY23 FY24 FY25 9M FY25 9M FY26
Slide 23: Appendix
ee Appendix
Slide 24: IFRS to Non-IFRS reconciliation
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Slide 25: Endava
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