Capgemini stock: Q3 growth lifts 2026 outlook

Capgemini reported stronger-than-expected momentum in the third quarter and raised its full-year revenue outlook. In its publication dated Friday, October 30, 2026, the French technology and consulting group said revenue reached 6,073 million euros, an increase of 11.7% at constant exchange rates and 12.6% at current exchange rates. The figures were published by Capgemini Investors.

Bookings rose 3.4% at constant exchange rates to 5,401 million euros. Revenue for the first nine months reached 18,155 million euros, up 11.4% at constant exchange rates and 10.0% at current exchange rates. Management said demand was particularly strong for artificial intelligence transformation, technology modernization and enterprise-scale deployments.

Regional growth broadens

North American revenue increased 18.3% at constant exchange rates, while the United Kingdom and Ireland grew 25.2%. France returned to growth of 4.9%, and Asia-Pacific and Latin America advanced 11.9%. Capgemini attributed part of the regional performance to the contribution from WNS and Cloud4C, acquired in the fourth quarter of 2025.

By business line, Strategy and Transformation revenue grew 18.6% at constant exchange rates. Applications and Technology, the group's largest business, increased 3.5%, while Operations and Engineering gained 26.9%. Capgemini said clients were investing in the technology and data foundations needed for agentic artificial intelligence and in the redesign of business operations.

Higher target, unchanged margins

Capgemini now targets 2026 revenue growth of 9.0% to 9.5% at constant exchange rates, compared with the previous range of 8.5% to 9.0%. The expected inorganic contribution remains about five percentage points. For the fourth quarter, management targets constant-currency growth of 3% to 4% against a stronger comparison base.

The operating margin target remains 13.6% to 13.8%. Capgemini also maintained its organic free cash flow target of 1.8 billion euros to 1.9 billion euros, although it expects restructuring cash outflows related to its Fit-for-Growth program to be about 200 million euros higher than in 2025.

Capgemini stock in focus

Capgemini stock traded at 126.55 euros on Lang & Schwarz at 10:05 CET on Wednesday, November 4, 2026. Investors are weighing stronger AI-related demand against the tougher comparison base expected in the fourth quarter. The next scheduled financial milestone is the publication of full-year 2026 results on February 16, 2027.

Investors can follow the real-time quote of Capgemini stock for the latest trading indication.

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