Softcat reports 19.4 percent profit growth. Berenberg sets GBp 2,400 target for Softcat stock

Published on 10/20/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached GBP 1.98 billion in fiscal 2026, up 35.4 percent year over year. Softcat stock costs EUR 20.50 on October 20, 2026 at a GBP 3.7 billion market value.

Fiscal results and shareholder dates

Underlying operating profit rose 19.4 percent to GBP 215.1 million in fiscal 2026.
The proposed final dividend is 21.60 pence per share, payable on December 21, 2026.
Softcat stock trades at EUR 20.50 at 1:17 p.m. CEST at Lang & Schwarz on October 20, 2026.

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Softcat (GB00BYZDVK82) delivered underlying operating profit of GBP 215.1 million for fiscal 2026, up 19.4 percent from the prior year. Investegate reported the results on October 14, 2026, while MarketBeat cited Berenberg's GBp 2,400 target for Softcat stock.

Results show broad expansion

Softcat's fiscal 2026 revenue rose 35.4 percent to GBP 1,975.1 million, compared with GBP 1,458.4 million in fiscal 2025. Gross profit increased 24.7 percent to GBP 616.3 million, while statutory operating profit rose 13.6 percent to GBP 196.4 million, according to TradingView.

The company also reported underlying cash conversion of 93.6 percent and cash of GBP 199.9 million at July 31, 2026. The proposed total ordinary dividend rose 7.5 percent to 31.50 pence per share, alongside a GBP 45.0 million share buyback.

What does the 13.1 percent margin mean?

Gross profit margin fell to 13.1 percent from 13.7 percent in fiscal 2025. The result reflects a stronger mix of lower-margin hardware and larger solutions projects, even as hardware revenue grew 42.0 percent and services revenue increased 21.1 percent in fiscal 2026.

Three dated events frame the story

On September 17, 2026, Softcat announced the GBP 785 million acquisition of GDT, according to Investegate. On September 21, 2026, Berenberg's target stood at GBp 2,400, as reported by MarketBeat. On October 14, 2026, Softcat reported the GBP 215.1 million underlying operating profit for fiscal 2026.

Dividend dates are next

The proposed final dividend is 21.60 pence per share, with an ex-dividend date of November 12, 2026 and payment scheduled for December 21, 2026, according to Investegate.

Stock price and valuation

Softcat has reported strong fiscal growth, but the 13.1 percent gross profit margin and high single-digit underlying operating profit outlook for fiscal 2027 make mix and execution important for the next phase. Its LSE market capitalization was GBP 3.7 billion on October 20, 2026.

Softcat was trading at EUR 20.50 at Lang & Schwarz on October 20, 2026 at 1:17 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Softcat stock.