Capgemini Se · EURONEXT:CAP
Capgemini — Capgemini Se Ord — Q1 2026 Earnings Presentation
24 slides from Capgemini's earnings presentation, Apr 30, 2026
Slide 1: Q1 2026 Revenues
Q1 2026 Revenues April 30, 2026
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: Q1 performance confirms a good start to the year
Q1 performance confirms a good start to the year Q1 revenues Q1 bookings €5,943m €6,054m +11.0% cc YoY +6.2% cc YoY Q1 2026 Revenues | April 30, 2026 © Capgemini 2026. All rights reserved | 4
Slide 5: Solid underlying trends reinforced by the WNS and C4C acquisitions
Solid underlying trends reinforced by the WNS and C4C acquisitions Businesses Sectors Strategy & Transformation Financial Services +6.2% +21.9% . UK & Ireland Applications & Technology Telecoms, Media and Tech +21.7% +4.8% +10.6% North America +20.7% France Rest of Europe Operations & Engineering Ma
Slide 6: AI powering tangible results for clients
AI powering tangible results for clients APAC Europe Europe Food industry Auto Telco Intelligent Cloud & Intelligent Intelligent Cloud & Cyber Data Data & & AI AI Intelligent Industries Industry Asset performance AI-native 3D modeling Embedded AI for core Cyber Operations Operations management for n
Slide 7: AI at a pivotal point: turning investments into scalable value
AI at a pivotal point: turning investments into scalable value Organizations are increasing their AI Capgemini is partnering to capture this Accelerating on our four AI transformation investments with a focus on long-term value emerging business streams Building controllable and auditable AI-powered
Slide 8: Our European Defense coverage is leading to business acceleration
Our European Defense coverage is leading to business acceleration Defence domains Strategic priorities Business dynamics A rapid expansion in core Defense markets Production acceleration (FR, UK and DE) Air An accelerated growth in Southern and Cyber Space Software-defined defense Northern Europ
Slide 9: 2026 Outlook
2026 Outlook Revenue Growth Operating Margin Organic FCF Around +6.5% 13.6% €1.8bn to to to +8.5% at constant exchange rates 13.8% €1.9bn Taking into account an increase in restructuring Inorganic contribution estimated at around cash outflow of around €200 million compared to 4.5 to 5 points 2025 r
Slide 10: Nive Bhagat, Chief Financial Officer
Nive BHAGAT Chief Financial Officer
Slide 11: Quarterly Revenue Growth
Quarterly Revenue Growth in € m Constant Currency Growth Q1: +11.0% YoY 5,965 5,943 5,553 5,554 5,393 Q1 2026 Year-on-Year Constant Currency +11.0% Currencies -4.0pts Reported +7.0% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Constant currency growth YOY (in %) -0.4% +0.7% +2.9% +10.6% +11.0% Q1 2026 Re
Slide 12: Revenues by Sector
Revenues by Sector Financial Consumer Telcos, Media Energy & Manufacturing Public Sector Services Services Goods & Retail & Technology Utilities Year-on-year revenue growth at constant currency in % of FY25 Group revenues 25% 22% 15% 13% 12% 8% 5% Q1 2026 +3.5% +21.9% +9.4% +8.8% +10.6% +8.8% +17.4%
Slide 13: Revenues by Region
Revenues by Region APAC & North America UK & Ireland France Rest of Europe LATAM Revenues in € m, year-on-year revenue growth at constant currency in % of FY25 13% 19% Group revenues 29% 30% 9% 1,721 853 1,065 1,731 573 ² 5,943 Q1 2026 +20.7% +21.7% -1.0% +1.7% +26.9% +11.0% Q1 2026 Revenues | April
Slide 14: Revenues by Business
Revenues by Business Strategy & Applications & Operations & Transformation Technology Engineering Year-on-year Operations & Engineering revenue growth at constant currency Strategy & Transformation Applications & Technology Q1 2026 +6.2% +4.8% +25.2% in % of FY25 Group revenues Note: activity trends
Slide 15: Bookings & Book-to-Bill
Bookings & Book-to-Bill Quarterly Book-to-Bill 1.06 1.10 0.96 1.21 1.02 Bookings in € bn 7.2 5.9 6.1 6.1 5.2 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Constant currency growth YOY (in %) +2.8% +1.5% +1.5% +9.1% +6.2% Q1 2026 Revenues | April 30, 2026 © Capgemini 2026. All rights reserved | 15
Slide 16: Headcount Evolution
Headcount Evolution Headcount Evolution (1) Last-12-Months Attrition (2) Mar. 2025 Net variation Net variation Mar. 2026 Offshore Onshore +23% 18.6% -1.2pts +78,300 Stable 421,000 342,700 (1) Primarily reflecting the integration of WNS team members in Q4 2025 (2) Attrition rate takes into account WN
Slide 17: Q&A
Q&A Aiman EZZAT Nive BHAGAT Chief Executive Officer Chief Financial Officer
Slide 18: Appendix
Appendix Capgemini de
Slide 19: Appendix - Index
Appendix - Index 1. Alternative Performance Measures 2. Revenue Quarterly Evolution 3. Attrition, Utilization & Offshore Leverage 4. Bond Debt Maturity Profile Q1 2026 Revenues | April 30, 2026 © Capgemini 2026. All rights reserved | 19
Slide 20: 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 21: Revenue Quarterly Evolution
Revenue Quarterly Evolution Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Revenues (in € m) 5,553 5,554 5,393 5,965 5,943 Year-on-Year CC growth -0.4% +0.7% +2.9% +10.6% +11.0% Year-on-Year CC growth by Region North America +0.8% +2.4% +7.0% +19.9% +20.7% UK & Ireland +3.9% +8.0% +9.0% +21.8% +21.7% Franc
Slide 22: Attrition, Utilization & Offshore Leverage
Attrition, Utilization & Offshore Leverage Strategy & Transformation Applications & Technology Operations & Engineering LTM Attrition (1) LTM Attrition (1) LTM Attrition (1) 15.9% +0.4pts 14.4% -1.0pts 23.1% -1.6pts Utilization Rate Utilization Rate 79% 80% 79% 79% 78% Group Offshore 71% 70% 67% 69%
Slide 23: Bond Debt Maturity Profile
Bond Debt Maturity Profile in € m 1,250 1,250 1,200 Redeemed at maturity 1,000 1,000 in April 2026 800 800 500 500 Apr-26 Sep-27 Apr-28 Sep-28 Apr-29 Jun-30 Sep-31 Apr-32 2033 Sep-34 Bonds issued in Sept. 2025 Q1 2026 Revenues | April 30, 2026 © Capgemini 2026. All rights reserved | 23
Slide 24: 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