Constellation Software stock trades at EUR 2,152 after Q3 results

Published on 11/10/2026 at 22:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Constellation Software stock delivered 19% revenue growth in the third quarter. Free cash flow available to shareholders fell 16% year over year.

Third-quarter growth meets acquisition focus

Third-quarter revenue rose 19% to USD 3.512 billion, while organic growth reached 2%.
Operating cash flow increased 5% to USD 717 million, but free cash flow available to shareholders fell 16% to USD 443 million.
Constellation declared a USD 1.00 quarterly dividend payable on January 12, 2027.

CSU, CA21037X1006, Illustration mit AI erstellt.

Constellation Software reported a sharp increase in third-quarter revenue on November 6, 2026, as acquisitions continued to drive expansion. The Toronto-based software company said revenue for the quarter ended September 30 reached USD 3.512 billion, up 19% from the year-earlier period, according to its third-quarter release on GlobeNewswire.

Constellation Software stock traded at EUR 2,152.00 on Lang & Schwarz at 10:02 p.m. CET on Tuesday, November 10, 2026.

Acquisitions drive reported expansion

Organic growth was 2% in the quarter, while the company said acquisitions were the primary reason for the increase in revenue. Maintenance and other recurring revenue rose to USD 2.715 billion from USD 2.213 billion a year earlier. Professional services revenue increased to USD 569 million, while licensing revenue declined to USD 97 million.

Net income attributable to common shareholders reached USD 212 million, compared with USD 210 million in the third quarter of 2025. Diluted earnings per share increased to USD 10.01 from USD 9.89. The company completed acquisitions with total consideration of USD 609 million during the quarter, including USD 484 million in cash consideration and estimated deferred payments of USD 125 million.

Cash generation sends mixed signals

Cash flow from operations rose 5% to USD 717 million from USD 685 million. Free cash flow available to shareholders, a company-defined non-IFRS measure, fell 16% to USD 443 million from USD 529 million. Constellation said the measure was affected by a USD 117 million revaluation charge related to the IRGA and TSS membership liability, compared with USD 16 million a year earlier.

The company also reported further acquisition commitments after September 30 with total estimated consideration of USD 673 million. That pipeline keeps the acquisition-led growth model central to the investment case, while the contrast between higher operating cash flow and lower shareholder free cash flow remains relevant for investors assessing capital allocation.

Dividend sets the next date

Constellation declared a quarterly dividend of USD 1.00 per share. The dividend is payable on January 12, 2027, to common shareholders of record at the close of business on December 18, 2026.