Capgemini Se · EURONEXT:CAP
Capgemini — Capgemini Se Ord — Q3 2025 Earnings Presentation
25 slides from Capgemini's earnings presentation, Oct 28, 2025
Slide 1: Q3 2025 Revenues
Q3 2025 Revenues October 28, 2025
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements. Such statements may include projections, estimates, assumptions, statements regarding plans, objectives, intentions and/or expectations with respect to future financial results, events, operations and services and product developme
Slide 3: Aiman Ezzat, Chief Executive Officer
Aiman EZZAT Chief Executive Officer
Slide 4: Q3 performance better than expected
Q3 performance better than expected Q3 REVENUES Q3 BOOKINGS +2.9% +1.5% € 5,393M 0.96 book-to-bill Constant Currency Growth Q3 2025 Revenues | Oct 28, 2025 © Capgemini 2025. All rights reserved | 4
Slide 5: Growth improved in most regions, businesses and sectors
Growth improved in most regions, businesses and sectors BUSINESSES SECTORS UK & Ireland North America +9.0% Strategy & Transformation Manufacturing +7.0% France YTD : +7.0% +0.7% -2.6% YTD : +3.3% -4.7% Rest of Europe YTD : -4.9% Applications & Financial -1.5% Asia Pacific Technology Services YTD :
Slide 6: Delivering business outcomes for our clients
Delivering business outcomes for our clients DATA & AI CLOUD VALEO EUROPEAN US GLOBAL US EUROPEAN INTELLIGENT DEFENSE UTILITY ENERGY BANKING TELECOMUNICATION INDUSTRY Turnkey for ADAS Optimized Products & Network solution IoT Platform Data Platform Vendor Public Cloud validation Systems Engineering
Slide 7: Recognized as a leader by the ecosystem
Recognized as a leader by the ecosystem • Forrester Wave: Application Modernization And Multicloud Managed Services Leader in Cloud • IDC MarketScape: EMEA Government Cloud Professional Services • IDC MarketScape: European Microsoft Azure Managed Services • Everest Group PEAK Matrix: Application Dev
Slide 8: Accelerating value creation with GenAI and Agentic AI
Accelerating value creation with GenAI and Agentic AI Best-in-class AI-first offers portfolio POWERED BY AI AGENTS AI-Powered Capgemini AI-powered AI-powered AI-powered AI-powered experiences business process go-to-market solutions IT & products operations Capgemini-wide AI-first offers • New experi
Slide 9: Building an Intelligent Operations leader with WNS
Building an Intelligent Operations leader with WNS New & robust demand Intelligent Operations as a Uniquely positioned with the right driven by Agentic AI response to clients’ needs set of capabilities To become AI-powered Large scale end-to-end business process redesign & run Consulting-led proce
Slide 10: 2025 Outlook
2025 Outlook REVENUE GROWTH OPERATING MARGIN ORGANIC FCF +2.0% 13.3% around to +2.5% to 13.4% € 1.9bn at constant exchange rates was -1.0% to +1.0% was 13.3% to +13.5% Q3 2025 Revenues | Oct 28, 2025 © Capgemini 2025. All rights reserved | 10
Slide 11: Nive Bhagat, Chief Financial Officer
Nive BHAGAT Chief Financial Officer
Slide 12: Quarterly Revenue Growth
Quarterly Revenue Growth in € m Constant Currency Growth 5,527 5,611 5,581 5,553 5,554 Q3: +2.9% YoY 5,377 5,393 9M: +1.0% YoY Q1 2025 Q2 2025 Q3 2025 9M 2025 Year-on-Year Constant Currency -0.4% +0.7% +2.9% +1.0% Currencies +0.9pts -1.7pts -2.6pts -1.1pts Reported +0.5% -1.0% +0.3% -0.1% Q1 2024 Q2
Slide 13: Revenues by Sector
Revenues by Sector Financial Consumer Telco, Media & Energy & Manufacturing Public Sector Services Services Goods & Retail Technology Utilities Year-on-year revenue growth at constant currency in % of FY24 21% 15% 13% Group revenues 27% 11% 8% 5% Q3 2025 -2.6% +8.5% +3.4% +1.8% +7.2% +2.3% -0.5% 9M
Slide 14: Revenues by Region
Revenues by Region North America UK & Ireland France Rest of Europe APAC & LATAM Revenues in € m, year-on-year revenue growth at constant currency in % of FY24 12% 20% Group revenues 28% 31% 9% Q3 2025 1,541 733 971 1,627 521 5,393 Revenues +7.0% +9.0% -4.7% -1.5% +13.6% +2.9% 9M 2025 4,663 2,217 3,
Slide 15: Revenues by Business
Revenues by Business Strategy & Applications & Operations & Transformation Technology Engineering Year-on-year Operations & Engineering revenue growth at constant currency Strategy & Transformation Q3 2025 +0.7% +5.7% +1.3% Applications & Technology 9M 2025 +1.1% +3.6% -0.6% in % of FY24 Group reven
Slide 16: Bookings & Book-to-Bill
Bookings & Book-to-Bill Quarterly Book-to-Bill 1.02 1.09 0.97 1.22 1.06 1.10 0.96 Bookings 2024 2025 in € bn 6.8 6.1 6.1 5.7 5.9 5.2 5.2 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Constant currency growth YOY (in %) -3.5% +0.0% -0.8% +1.9% +2.8% +1.5% +1.5% Q3 2025 Revenues | Oct 28, 20
Slide 17: Headcount Evolution
Headcount Evolution Headcount Evolution Last-12-Months Attrition Sept 2024 Net variation Net variation Sept 2025 Offshore Onshore +4.7% 15.6% +0.2pts 338,900 +17,400 -1,600 354,700 Sep. 2024 Net variation Net variation Sep. 2025 offshore onshore Q3 2025 Revenues | Oct 28, 2025 © Capgemini 2025. All
Slide 18: Q&A
Q&A Aiman EZZAT Nive BHAGAT Chief Executive Officer Chief Financial Officer
Slide 19: Appendix
Appendix Capgemini de
Slide 20: Appendix - Index
Appendix - Index 1. Alternative Performance Measures 2. Revenue Quarterly Evolution 3. Q3 & 9M 2025 Revenues by Region 4. Attrition, Utilization & Offshore Leverage Q3 2025 Revenues | Oct 28, 2025 © Capgemini 2025. All rights reserved | 20
Slide 21: Alternative Performance Measures
Alternative Performance Measures ▐ Year-on-year revenue growth at constant exchange rates is calculated by comparing revenues for the reported period with those of the same period of the previous year restated with the exchange rates of the reported period. ▐ When determining activity trends by busi
Slide 22: Revenue Quarterly Evolution
Revenue Quarterly Evolution Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Revenues (in € m) 5,527 5,611 5,377 5,581 5,553 5,554 5,393 Year-on-Year CC growth -3.3% -1.9% -1.6% -1.1% -0.4% +0.7% +2.9% Year-on-Year CC growth by Region North America -7.1% -3.7% -3.9% -1.6% +0.8% +2.4% +7.0% UK
Slide 23: Q3 & 9M 2025 Revenues by Region
Q3 & 9M 2025 Revenues by Region Q3 2025 9M 2024 9M 2025 Variation Revenues Revenues Year-on-Year Constant (in €m) (in €m) (in €m) Reported Currency North America 1,541 4,638 4,663 +0.6% +3.3% UK & Ireland 733 2,070 2,217 +7.1% +7.0% France 971 3,264 3,105 -4.9% -4.9% Rest of Europe 1,627 5,116 5,026
Slide 24: Attrition, Utilization & Offshore Leverage
Attrition, Utilization & Offshore Leverage Strategy & Transformation Applications & Technology Operations & Engineering LTM Attrition LTM Attrition LTM Attrition 15.9% +2.0pts 15.2% +0.8pts 16.1% -0.9pts Utilization Rate Utilization Rate 79% 80% 80% 81% 79% 80% 79% Group Offshore 67% 69% 69% 69% 67%
Slide 25: About Capgemini
About Capgemini Capgemini is an AI-powered global business and technology transformation Biraud, Vincent Massoni, Patrick partner, delivering tangible business value. We imagine the future of Head of Investor Relations Senior Manager, Investor Relations organizations and make it real with AI, techno