Tata Consultancy Services Limited · NSE:TCS

Tata Consultancy Services — Q4 FY2025-26 Earnings Presentation

33 slides from Tata Consultancy Services's earnings presentation, Apr 9, 2026

  1. Slide 1: TCS Financial Results

    TCS Financial Results Quarter IV & Year Ended FY 2025-26 Apr 9, 2026

  2. Slide 2: Disclaimer

    Disclaimer Certain statements in this release concerning our future prospects are forward-looking statements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These risks and uncertai

  3. Slide 3: Quarterly Financial Performance

    Quarterly Financial Performance

  4. Slide 4: Q4 FY26 Performance Highlights

    Q4 FY26 Performance Highlights ➢ Revenue: - INR Revenue of ₹ 706,980 Mn, up 5.4% QoQ | up 9.6% YoY - USD Revenue of $ 7,621 Mn, up 1.5% QoQ | up 2.1% YoY - Constant currency revenue up 1.2% QoQ | down 0.6% YoY ➢ Profit: - Operating Margin at 25.3% - Net Margin at 19.4% - Cash flow from operations at

  5. Slide 5: Growth Summary (INR)

    Growth Summary (INR) Revenue Q-o-Q Growth Q-o-Q Growth CC 706,980 5.4% 657,990 670,870 3.7% 644,790 634,370 2.0% ` Million 0.8% 1.2% -1.6% 0.8% 0.8% -0.8% -3.3% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Operating Income Operating margin (%) 178,700 165,650 168,8

  6. Slide 6: Growth Summary (USD)

    Growth Summary (USD) Revenue Q-o-Q Growth Q-o-Q Growth CC 7,465 7,421 7,466 7,509 7,621 1.5% $ Million -0.8% -0.6% 0.8% 0.8% 0.6% 0.6% 1.2% -1.0% -3.3% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Operating Income Operating margin (%) 1,807 1,815 1,879 1,889 1,927

  7. Slide 7: Annual Financial Performance

    Annual Financial Performance

  8. Slide 8: FY26 Performance Highlights

    FY26 Performance Highlights ➢ Revenue: - INR Revenue of ₹ 267,021 Crore, growth of 4.6% - USD Revenue of $ 30,017 Mn, de-growth of 0.5% - Constant currency revenue de-growth of 2.4% ➢ Profit*: - Operating Income at ₹ 668,380 Mn, Operating Margin of 25.0%* - Net Income at ₹ 528,200 Mn, Net Margin of

  9. Slide 9: Growth Summary

    Growth Summary Summary ₹ Summary $ Revenue & Growth (Actual & CC) % Revenue & Growth (Actual & CC) % 255,324; 267,021; 30,179; 30,017; 240,893; 4.6% 29,080; 6.0% 3.8% -0.5% 6.8% -2.4% 4.1% 4.2% 4.2% -2.4% 3.4% $ Million 3.4% ` Crore FY24 FY25 FY26 FY24 FY25 FY26 Operating Income & Margin % Operating

  10. Slide 10: Operational Parameters

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Operational Parameters

  11. Slide 11: Growth by Market

    Growth by Market Q-o-Q Y-o-Y Q-o-Q Y-o-Y YoY YoY Geography (%) Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 CC Growth CC Growth INR Growth INR Growth CC Growth INR Growth Americas North America 48.2 48.5 48.5 1.4 2.5 5.4 10.5 48.2 48.6 0.2 5.5 Latin America 1.8 2.0 1.9 - 6.9 - 2.9 - 1.9 12.8 1.9 1.9 0.9 8.4 Eu

  12. Slide 12: Growth by Domain

    Growth by Domain Q-o-Q Y-o-Y Q-o-Q Y-o-Y YoY YoY Vertical (%) Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 CC Growth CC Growth INR Growth INR Growth CC Growth INR Growth BFSI 31.2 31.9 31.6 0.1 0.4 4.5 11.2 30.9 32.0 1.0 8.3 Consumer Business 15.3 15.4 15.7 2.8 0.8 7.4 12.5 15.3 15.5 - 2.0 6.0 Life Sciences &

  13. Slide 13: Client Parameters

    Client Parameters Clients Contribution Q4 FY25 Q3 FY26 Q4 FY26 US$ 1m+ Clients 1332 1383 1397 US$ 5m+ Clients 723 721 738 US$ 10m+ Clients 493 497 499 US$ 20m+ Clients 298 310 311 US$ 50m+ Clients 130 136 139 US$ 100m+ Clients 64 62 66 *Last Twelve Months' services revenues 13

  14. Slide 14: Human Resources

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Human Resources

  15. Slide 15: Total Employee Base

    Total Employee Base Voluntary Attrition*: • 13.7% (LTM), IT Services 613,069 607,979 Diversity: • 35.2 % Women employees 593,314 • 149 Nationalities 582,163 584,519 *Excluding Subsidiaries Talent Development: • 69 Mn Learning Hrs (FY26) • 5.2 Mn competencies acquired (FY26) • 270K+ associates with h

  16. Slide 16: Annexure

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Annexure

  17. Slide 17: IFRS Income Statement

    IFRS Income Statement ₹ Million % of Revenue Consolidated IFRS Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Revenue 644,790 670,870 706,980 100.0 100.0 100.0 Cost of revenue 394,740 397,040 419,150 61.2 59.2 59.3 Gross margin 250,050 273,830 287,830 38.8 40.8 40.7 SG & A expenses 94,040 104,940 1

  18. Slide 18: COR – SG&A Details

    COR – SG&A Details ₹ Million % of Revenue COR Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Employee cost 291,910 301,300 316,030 45.3 44.9 44.7 Fees to external consultants 29,060 35,600 40,220 4.5 5.3 5.7 Equipment and software 27,480 12,620 14,430 4.2 1.9 2.0 Facility expenses 5,580 6,040 5,680

  19. Slide 19: Cash Flow Summary

    Cash Flow Summary IFRS in ₹ Mn Q4 FY25 Q3 FY26 Q4 FY26 Net Cash from Operations 152,940 139,010 146,400 Capital Expenditure 25,700 9,180 11,120 Acquisition of Subsidiary - 5,600 62,100 Free Cash Flow 127,240 124,230 73,180 Dividends Paid 274,970 39,870 206,230 Operating Cash Flow to Sales (%) 23.7 2

  20. Slide 20: IFRS Income Statement

    IFRS Income Statement ₹ Million % of Revenue Consolidated IFRS FY25 FY26 FY25 FY26 Revenue 2,553,240 2,670,210 100.0 100.0 Cost of revenue 1,559,940 1,599,890 61.1 59.9 Gross margin 993,300 1,070,320 38.9 40.1 SG & A expenses 371,650 401,940 14.6 15.1 Operating income 621,650 668,380 24.3 25.0 Other

  21. Slide 21: COR – SG&A Details

    COR – SG&A Details ₹ Million % of Revenue COR FY25 FY26 FY25 FY26 Employee cost 1,156,290 1,228,210 45.3 46.0 Fees to external consultants 110,460 139,540 4.3 5.2 Equipment and software 116,480 43,980 4.6 1.6 Facility expenses 21,570 23,200 0.8 0.9 Depreciation 40,890 43,480 1.6 1.6 Travel 23,330 23

  22. Slide 22: Cash Flow Summary

    Cash Flow Summary IFRS in ₹ Mn FY25 FY26 Net Cash from Operations 514,260 546,380 Capital Expenditure 49,770 48,850 Acquisition of Subsidiary - 67,700 Free Cash Flow 464,490 429,830 Dividends Paid 449,620 395,710 Operating Cash Flow to Sales (%) 20.1 20.5 Operating Cash Flow to Net Profit (%) 105.9

  23. Slide 23: IFRS Statement of Financial Position

    IFRS Statement of Financial Position ₹ Million Consolidated IFRS 31-Mar-25 31-Mar-26 Assets Property and equipment 129,320 141,800 Right-of-use Assets 92,750 110,270 Intangible assets and Goodwill 49,640 114,580 Accounts Receivable 502,330 577,290 Unbilled Revenues 154,700 181,440 Invested Funds 472

  24. Slide 24: IFRS Income Statement – In USD

    IFRS Income Statement – In USD $ Million % of Revenue Consolidated IFRS Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Revenue 7,465 7,509 7,621 100.0 100.0 100.0 Cost of revenue 4,570 4,444 4,517 61.2 59.2 59.3 Gross margin 2,895 3,065 3,104 38.8 40.8 40.7 SG & A expenses 1,088 1,176 1,177 14.6 15

  25. Slide 25: COR – SG&A Details – In USD

    COR – SG&A Details – In USD $ Million % of Revenue COR Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Employee cost 3,380 3,373 3,407 45.3 44.9 44.7 Fees to external consultants 336 398 433 4.5 5.3 5.7 Equipment and software 318 141 156 4.2 1.9 2.0 Facility expenses 65 68 61 0.9 0.9 0.8 Depreciatio

  26. Slide 26: IFRS Income Statement – In USD

    IFRS Income Statement – In USD $ Million % of Revenue Consolidated IFRS FY25 FY26 FY25 FY26 Revenue 30,179 30,017 100.0 100.0 Cost of revenue 18,438 17,990 61.1 59.9 Gross margin 11,741 12,027 38.9 40.1 SG & A expenses 4,393 4,517 14.6 15.1 Operating income 7,348 7,510 24.3 25.0 Other income (expens

  27. Slide 27: COR – SG&A Details – In USD

    COR – SG&A Details – In USD $ Million % of Revenue COR FY25 FY26 FY25 FY26 Employee cost 13,668 13,817 45.3 46.0 Fees to external consultants 1,305 1,566 4.3 5.2 Equipment and software 1,376 491 4.6 1.6 Facility expenses 255 261 0.8 0.9 Depreciation 483 489 1.6 1.6 Travel 276 261 0.9 0.9 Communicati

  28. Slide 28: IFRS Statement of Financial Position in USD

    IFRS Statement of Financial Position in USD $ Million Consolidated IFRS 31-Mar-25 31-Mar-26 Assets Property and equipment 1,514 1,500 Right-of-use Assets 1,086 1,166 Intangible assets and Goodwill 580 1,213 Accounts Receivable 5,880 6,102 Unbilled Revenues 1,811 1,918 Invested Funds 5,526 5,287 Othe

  29. Slide 29: Ind AS Income Statement - Consolidated

    Ind AS Income Statement - Consolidated ₹ Crore % of Revenue Consolidated Ind AS Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Revenue 64,479 67,087 70,698 100.0 100.0 100.0 Expenditure a) Employee Costs 36,762 38,530 40,143 57.0 57.4 56.8 b) Cost of equipment and software licences 2,748 1,262 1,44

  30. Slide 30: Ind AS Income Statement - Consolidated

    Ind AS Income Statement - Consolidated ₹ Crore % of Revenue Consolidated Ind AS FY25 FY26 FY25 FY26 Revenue 255,324 267,021 100.0 100.0 Expenditure a) Employee Costs 145,788 154,994 57.1 58.0 b) Cost of equipment and software licences 11,648 4,399 4.6 1.6 c) Other Operating expenses 30,481 35,230 11

  31. Slide 31: Ind AS Balance Sheet - Consolidated

    Ind AS Balance Sheet - Consolidated ₹ Crore Consolidated Ind AS 31-Mar-25 31-Mar-26 Assets Property and equipment 12,524 13,697 Right-of-use Assets 9,275 11,027 Intangible assets and Goodwill 2,800 9,284 Accounts Receivable 50,233 57,729 Unbilled Revenues 15,470 18,144 Invested Funds 47,222 50,020 O

  32. Slide 32: Currency mix and average realized rates in INR

    Currency mix and average realized rates in INR Average rates % of Revenue Currency Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 USD 86.37 89.34 92.77 49.70% 49.34% 48.95% GBP 109.68 118.87 124.72 14.70% 14.82% 15.14% EUR 91.46 104.00 108.08 10.97% 11.65% 11.86% Others 24.63% 24.19% 24.05% Total 1

  33. Slide 33: Thank you

    Thank you Copyright © 2026 Tata Consultancy Services Limited

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