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GIB.A (TSX)

GIB $(NYSE)$

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Revenue up 2.5% and diluted EPS accretion of 22.5%

Q3-F2026 performance highlights

   -- Revenue of $4.19 billion, up 2.5% year-over-year or 1.3% year-over-year 
      in constant currency1; 
 
   -- Earnings before income taxes of $633.9 million, up 14.9% year-over-year, 
      for a margin1 of 15.1%; 
 
   -- Adjusted earnings before interest and taxes1,2 of $681.7 million, up 2.3% 
      year-over-year, for a margin1 of 16.3%; 
 
   -- Net earnings of $465.2 million, up 13.8% year-over-year, for a margin1 of 
      11.1%, and diluted EPS of $2.23, up 22.5% year-over-year; 
 
   -- Adjusted net earnings1,2 of $478.3 million, up 1.7% year-over-year, for a 
      margin1 of 11.4%, and adjusted diluted EPS1,2 of $2.29, up 
      9.0% year-over-year; 
 
   -- Returned $35.7 million back to its shareholders through the payment of a 
      cash dividend ($0.17 per share); 
 
   -- Cash provided by operating activities of $604.5 million, representing 
      14.4% of revenue1 and $2.59 billion or 15.8% of revenue1 on a trailing 
      twelve month basis; 
 
   -- Bookings1 of $4.20 billion, for a book-to-bill ratio1 of 100.1% or 108.1% 
      on a trailing twelve month basis1; and 
 
   -- Backlog1 of $31.79 billion or 1.9x annual revenue. 

Note: All figures in Canadian dollars. Q3-F2026 MD&A, interim condensed consolidated financial statements and accompanying notes can be found at cgi.com/investors and have been filed with the Canadian Securities Administrators on SEDAR+ at www.sedarplus.ca and the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.

 
______________________ 
(1)  Constant currency revenue growth, adjusted earnings before interest and 
     taxes, adjusted earnings before interest and taxes margin, adjusted net 
     earnings, adjusted net earnings margin and adjusted diluted EPS are 
     non-GAAP financial measures or ratios. Earnings before income taxes 
     margin, net earnings margin, cash provided by operating activities as a 
     percentage of revenue, bookings, book-to-bill ratio, book-to-bill ratio 
     trailing twelve months and backlog are key performance measures. See 
     "Non-GAAP and other key performance measures" section of this press 
     release for more information, including quantitative reconciliations to 
     the closest International Financial Reporting Standards (IFRS Accounting 
     Standards) measure, as applicable. These are not standardized financial 
     measures under IFRS Accounting Standards and might not be comparable to 
     similar financial measures disclosed by other companies. 
(2)  Q3-F2026 adjusted for $13.1 million of restructuring, acquisition and 
     related integration costs, net of tax; Q3-F2025 adjusted for $61.5 
     million of restructuring, acquisition and related integration costs, net 
     of tax. 
 

MONTRÉAL, July 29, 2026 /PRNewswire/ -- CGI (TSX: GIB.A) $(GIB)$

Q3-F2026 results

"CGI's results in the quarter continue to reflect our positioning to meet client demand, as well as our operational excellence--both of which contributed to revenue growth, EPS accretion, and strong cash generation, " said Tim Hurlebaus, President and Chief Executive Officer. "Strong government sector awards contributed to a 108% book-to-bill over the past year, up 7% year-over-year. Combined with a robust backlog of contracted engagements and a rising opportunity pipeline, we remain positioned to continue the profitable growth momentum we realized in the quarter."

"Across every industry, clients are increasingly focused on how to securely operate with AI embedded at enterprise scale," continued Mr. Hurlebaus. "Importantly, clients recognize that long-term business and mission value now depends as much on modern data, cybersecurity and organizational readiness as it does on AI innovation. This shift continues to create new opportunities for CGI to partner with clients to drive efficiency, modernization and transformation--all while preserving clients' flexibility to adapt as technologies evolve."

For the third quarter of Fiscal 2026, the Company reported revenue of $4.19 billion, representing a year-over-year growth of 2.5%. When excluding foreign currency variations, revenue grew by 1.3% year-over-year.

Earnings before income taxes were $633.9 million, up 14.9% year-over-year, for a margin of 15.1%, up 160 basis points compared to 13.5% in the same period last year. Recorded in the period were acquisition and related integration costs of $17.2 million.

Adjusted earnings before interest and taxes(1) were $681.7 million, up 2.3% year-over-year, for a margin of 16.3%, stable when compared to the same period last year.

Net earnings were $465.2 million, up 13.8% year-over-year, for a margin of 11.1%, up 110 basis points compared to 10.0% in the same period last year. Diluted earnings per share, as a result, were $2.23 compared to $1.82 in the same period last year, representing an increase of 22.5%.

Adjusted net earnings(1) were $478.3 million, up 1.7% compared with the same period last year, for a margin of 11.4%, down 10 basis points compared to the same period last year. On the same basis, diluted earnings per share increased by 9.0% to $2.29 from $2.10 for the same period last year.

During the third quarter Fiscal 2026, we returned $35.7 million back to our shareholders through the payment of a cash dividend.

Cash provided by operating activities was $604.5 million, representing 14.4% of revenue. On a trailing twelve month basis, cash provided by operating activities was $2.59 billion, representing 15.8% of revenue.

Bookings were $4.20 billion, representing a book-to-bill ratio of 100.1% or 108.1% on a trailing twelve-month basis. As of June 30, 2026, the Company's backlog reached $31.79 billion, representing 1.9x annual revenue.

As of June 30, 2026, the number of CGI consultants and professionals worldwide stood at approximately 94,000.

During the third quarter of Fiscal 2026, the Company invested $105.0 million back into its business, acquired businesses for an investment of $49.6 million net of cash acquired, and invested $412.9 million under its Normal Course Issuer Bid to purchase and cancel 4,427,600 Class A subordinate voting shares.

As at June 30, 2026, long-term debt and lease liabilities, including both their current and long-term portions, were $4.34 billion, up from $4.24 billion at the same time last year, mainly driven by a foreign exchange impact of $95.8 million. As of the same date, net debt(2) stood at $3.68 billion, up from $3.12 billion at the same time last year. The net debt-to-capitalization ratio(2) was 26.6% at the end of June 2026, compared to 23.4% at the same time last year.

 
________________________ 
(1)  Q3-F2026 adjusted for $13.1 million of restructuring, acquisition and 
     related integration costs, net of tax; Q3-F2025 adjusted for $61.5 
     million of restructuring, acquisition and related integration costs, net 
     of tax. 
(2)  Net debt and net debt-to-capitalization ratio are non-GAAP financial 
     measures or ratios. See "Non-GAAP and other key performance measures" 
     section of this press release for more information, including 
     quantitative reconciliations to the closest IFRS Accounting Standards 
     measure, as applicable. These are not standardized financial measures 
     under IFRS Accounting Standards and might not be comparable to similar 
     financial measures disclosed by other companies. 
 
 
Financial highlights                             Q3-F2026  Q3-F2025   Change 
-----------------------------------------------  --------  --------  --------- 
In millions of Canadian dollars except earnings 
per share and where noted 
-----------------------------------------------  --------  --------  --------- 
Revenue                                           4,193.0   4,090.2      102.8 
-----------------------------------------------  --------  --------  --------- 
Year-over-year revenue growth                       2.5 %    11.4 %  (890 bps) 
-----------------------------------------------  --------  --------  --------- 
Constant currency revenue growth                    1.3 %     7.0 %  (570 bps) 
-----------------------------------------------  --------  --------  --------- 
Earnings before income taxes                        633.9     551.6       82.3 
-----------------------------------------------  --------  --------  --------- 
   Margin %                                        15.1 %    13.5 %    160 bps 
-----------------------------------------------  --------  --------  --------- 
Adjusted earnings before interest and taxes(1)      681.7     666.1       15.6 
-----------------------------------------------  --------  --------  --------- 
   Margin %                                        16.3 %    16.3 %      0 bps 
-----------------------------------------------  --------  --------  --------- 
Net earnings                                        465.2     408.6       56.6 
-----------------------------------------------  --------  --------  --------- 
   Margin %                                        11.1 %    10.0 %    110 bps 
-----------------------------------------------  --------  --------  --------- 
Adjusted net earnings(1)                            478.3     470.1        8.2 
-----------------------------------------------  --------  --------  --------- 
   Margin %                                        11.4 %    11.5 %   (10 bps) 
-----------------------------------------------  --------  --------  --------- 
Diluted EPS                                          2.23      1.82       0.41 
-----------------------------------------------  --------  --------  --------- 
Adjusted diluted EPS(1)                              2.29      2.10       0.19 
-----------------------------------------------  --------  --------  --------- 
Weighted average number of outstanding shares 
 (diluted) In millions of shares                    208.9     224.4     (15.5)