Genpact Reports Third Quarter 2025 Results
Genpact (NYSE: G) reported third quarter 2025 results for the period ended Sept 30, 2025: net revenues $1.291B, up 6.6% YoY (6.0% constant currency). Advanced Technology Solutions revenues were $311M, up 20.0% and 24% of total. Data‑Tech‑AI revenues were $622M, up 9.3%; Digital Operations were $669M, up 4.3%. Gross profit was $470M (36.4% margin). Net income was $146M and diluted EPS was $0.83 (adjusted diluted EPS $0.97, +14.1% YoY). Cash from operations was $308M (or $263M net of a $45M client prepayment). The company repurchased ~2.0M shares for ~$90M. Q4 2025 revenue guidance: $1.298B–$1.311B; full‑year 2025 revenue guidance raised to $5.059B–$5.071B with adjusted EPS $3.60–$3.61.
Genpact (NYSE: G) ha riportato i risultati del terzo trimestre 2025 per il periodo terminato il 30 settembre 2025: ricavi netti di 1,291 miliardi di dollari, in aumento del 6,6% su base annua (6,0% a tassi di cambio costanti). Advanced Technology Solutions hanno registrato ricavi di 311 milioni di dollari, in aumento del 20,0% e pari al 24% del totale. Data‑Tech‑AI hanno registrato ricavi di 622 milioni di dollari, in aumento del 9,3%; Digital Operations hanno registrato 669 milioni di dollari, in aumento del 4,3%. Il utile lordo è stato di 470 milioni di dollari (margine 36,4%). L’utile netto è stato di 146 milioni di dollari e l’EPS diluito è stato di 0,83 dollari (EPS diluito rettificato 0,97 dollari, +14,1% YoY). i flussi di cassa operativi ammontano a 308 milioni di dollari (oppure 263 milioni di dollari al netto di un anticipo da clienti di 45 milioni). L’azienda ha riacquistato circa 2,0 milioni di azioni per circa 90 milioni di dollari. Previsioni di ricavi per il Q4 2025: 1,298 miliardi – 1,311 miliardi di dollari; la guidance per i ricavi dell’intero 2025 è stata aumentata a 5,059 miliardi – 5,071 miliardi di dollari con un EPS rettificato 3,60–3,61 dollari.
Genpact (NYSE: G) reportó los resultados del tercer trimestre de 2025 para el periodo finalizado el 30 de septiembre de 2025: ingresos netos de 1.291 millones de dólares, un aumento del 6,6% interanual (6,0% a tipo de cambio constante). Las Advanced Technology Solutions ingresaron 311 millones de dólares, un aumento del 20,0% y el 24% del total. Los ingresos de Data‑Tech‑AI fueron 622 millones de dólares, un 9,3% más; Digital Operations fueron 669 millones de dólares, un 4,3% más. El beneficio bruto fue de 470 millones de dólares (margen del 36,4%). La utilidad neta fue de 146 millones de dólares y las ganancias por acción diluidas fueron de 0,83 dólares (las ganancias por acción diluidas ajustadas 0,97 dólares, +14,1% interanual). El flujo de caja de operaciones fue de 308 millones de dólares (o 263 millones de dólares netos de un anticipo de cliente de 45 millones). La compañía recompró ~2,0 millones de acciones por ~90 millones de dólares. Orientación de ingresos para el Q4 2025: 1,298–1,311 mil millones de dólares; la guía de ingresos para todo 2025 se elevó a 5,059–5,071 mil millones de dólares con un BPA ajustado de 3,60–3,61 dólares.
Genpact (NYSE: G)은 2025년 9월 30일 종료된 기간에 대한 2025년 3분기 실적을 발표했습니다: 순매출 12.91억 달러로 전년 대비 6.6% 증가(상당환율 기준 6.0%). Advanced Technology Solutions 매출은 3.11억 달러로 20.0% 증가하며 총매출의 24%를 차지했습니다. Data‑Tech‑AI 매출은 6.22억 달러로 9.3% 증가했습니다; Digital Operations는 6.69억 달러로 4.3% 증가했습니다. 총이익은 4.70억 달러로 마진은 36.4%였습니다. 순이익은 1.46억 달러였고 희석 주당순이익은 0.83달러이었으며(조정 희석 주당순이익 0.97달러, YoY +14.1%). 영업현금흐름은 3.08억 달러(또는 고객 선지급 4,500만 달러를 차감한 2.63억 달러). 회사는 약 2.0백만 주를 약 9,000만 달러에 재매입했습니다. 2025년 4분기 매출 가이던스: 12.98억–13.11억 달러; 2025년 전체 매출 가이던스는 50.59억–50.71억 달러로 상향되었고 조정 주당순이익은 3.60–3.61달러입니다.
Genpact (NYSE: G) a publié les résultats du troisième trimestre 2025 pour la période se terminant le 30 septembre 2025 : chiffre d’affaires net de 1,291 milliard de dollars, en hausse de 6,6 % en glissement annuel (6,0 % à taux de change constants). Les Advanced Technology Solutions ont des revenus de 311 millions de dollars, en hausse de 20,0 % et représentant 24 % du total. Les revenus de Data‑Tech‑AI s’élèvent à 622 millions de dollars, en hausse de 9,3 % ; Digital Operations a généré 669 millions de dollars, en hausse de 4,3 %. Le bénéfice brut s’élève à 470 millions de dollars (marge de 36,4 %). Le résultat net est de 146 millions de dollars et le bénéfice par action dilué est de 0,83 dollar (bénéfice par action dilué ajusté 0,97 dollar, +14,1 % YoY). Le flux de trésorerie opérationnel est de 308 millions de dollars (ou 263 millions de dollars nets d’un acompte client de 45 millions). L’entreprise a racheté environ 2,0 millions d’actions pour environ 90 millions de dollars. Prévisions de chiffre d’affaires pour le 4e trimestre 2025 : 1,298–1,311 milliard de dollars; les prévisions annuelles 2025 augmentent à 5,059–5,071 milliards de dollars avec un BPA ajusté de 3,60–3,61 dollars.
Genpact (NYSE: G) meldete die Ergebnisse des dritten Quartals 2025 für den Zeitraum zum 30. September 2025: Nettoumsatz 1,291 Mrd. USD, ein Anstieg von 6,6% YoY (6,0% Wechselkursbereinigt). Advanced Technology Solutions-Umsätze betrugen 311 Mio. USD, minus 20,0% und 24% des Gesamtumsatzes. Data‑Tech‑AI-Umsätze betrugen 622 Mio. USD, +9,3%; Digital Operations waren 669 Mio. USD, +4,3%. Bruttogewinn war 470 Mio. USD (Bruttomarge 36,4%). Nettogewinn 146 Mio. USD und verdünnte EPS 0,83 USD (bereinigtes verdünntes EPS 0,97 USD, YoY +14,1%). Operativer Cashflow 308 Mio. USD (oder 263 Mio. USD netto nach einem Kundenanzahlung von 45 Mio. USD). Das Unternehmen kaufte ca. 2,0 Mio. Aktien für ca. 90 Mio. USD zurück. Guidance Q4 2025 Umsatz: 1,298–1,311 Mrd. USD; Jahresumsatzguidance 2025 auf 5,059–5,071 Mrd. USD erhöht mit bereinigtem EPS 3,60–3,61 USD.
Genpact (NYSE: G) أَصدرّت نتائج الربع الثالث من عام 2025 للفترة المنتهية في 30 سبتمبر 2025: الإيرادات الصافية 1.291 مليار دولار، ارتفاع بنسبة 6.6% على أساس سنوي (6.0% بسعر الصرف الثابت). Advanced Technology Solutions بلغت إيراداتها 311 مليون دولار، بزيادة 20.0% وتمثل 24% من الإجمالي. إيرادات Data‑Tech‑AI بلغت 622 مليون دولار، بزيادة 9.3%؛ Digital Operations بلغت 669 مليون دولار، بارتفاع 4.3%. الربح الإجمالي كان 470 مليون دولار وهو هامش 36.4%. صافي الدخل كان 146 مليون دولار وربحية السهم المخفف كانت 0.83 دولار (ربحية السهم المخفف المعدلة 0.97 دولار، +14.1% على أساس سنوي). التدفقات النقدية من التشغيل كانت 308 مليون دولار (أو 263 مليون دولار صافيًا بعد استلام مقدم من عميل بقيمة 45 مليون دولار). الشركة أعادت شراء نحو 2.0 مليون سهم بمبلغ يقارب 90 مليون دولار. توجيهات الإيرادات للربع الرابع من 2025: 1.298B–1.311B دولار؛ التوجيه لإيرادات كامل سنة 2025 رفع إلى 5.059B–5.071B دولار مع ربحية السهم المعدّلة 3.60–3.61 دولار.
- Net revenues $1.291B, up 6.6% YoY
- Advanced Technology Solutions $311M, up 20.0% YoY (24% of revenue)
- Adjusted diluted EPS $0.97, up 14.1% YoY
- Cash from operations $308M (or $263M ex $45M prepayment)
- Share repurchases of ~2.0M shares for ~$90M
- Core Business Services growth only +3.0% YoY
- Digital Operations growth modest at +4.3% YoY
- Q4 2025 revenue growth guidance of ~4.0%–5.0%, below Q3 reported growth
Insights
Genpact delivered revenue and EPS growth, raised full-year guidance, and repurchased shares—signals of operational momentum and shareholder return.
Net revenues of
Key dependencies include continued strength in Advanced Technology Solutions and Data‑Tech‑AI, and execution of margin targets. The company also repurchased ~2.0 million shares for ~
Net Revenues of
Advanced Technology Solutions Net Revenues2 of
Core Business Services Net Revenues2 of
Data-Tech-AI Net Revenues of
Digital Operations Net Revenues of
Diluted EPS of
"We delivered strong third quarter results, above the high end of our guidance range. Revenue grew
Key Financial Highlights – Third Quarter 2025
- Net revenues were
$1.29 1 billion6.6% year-over-year, and up6.0% on a constant currency basis.1- Advanced Technology Solutions net revenues2 were
$311 million 20.0% year-over-year, representing24% of total net revenues. - Core Business Services net revenues2 were
$980 million 3.0% year-over-year, representing76% of total net revenues. - Data-Tech-AI net revenues were
$622 million 9.3% year-over-year, and up8.9% on a constant currency basis,1 representing48% of total net revenues. - Digital Operations net revenues were
$669 million 4.3% year-over-year, and up3.4% on a constant currency basis,1 representing52% of total net revenues.
- Advanced Technology Solutions net revenues2 were
- Gross profit was
$470 million 8.9% year-over-year, with a corresponding margin of36.4% . - Net income was
$146 million 9.8% year-over-year, with a corresponding margin of11.3% . - Income from operations was
$192 million 5.5% year-over-year, with a corresponding margin of14.8% . - Adjusted income from operations was
$229 million 7.5% year-over-year, with a corresponding margin of17.7% .4 - Diluted earnings per share was
$0.83 12.2% year-over-year. - Adjusted diluted earnings per share3 was
$0.97 14.1% year-over-year. - Cash generated from operations was
$308 million $45 million $263 million 15% year-over-year. - Genpact repurchased approximately 2.0 million common shares during the quarter for total consideration of approximately
$90 million $44.52
Outlook
Genpact's outlook for the fourth quarter of 2025 is as follows:
- Net revenues in the range of
$1.29 8 billion$1.31 1 billion4.0% to5.0% as reported, or3.3% to4.3% on a constant currency basis.1- Data-Tech-AI net revenues growth of approximately
7.0% year-over-year at the midpoint of the range, or6.5% year-over-year on a constant currency basis.1 - Digital Operations net revenues growth of approximately
2.2% year-over-year at the midpoint of the range, or1.3% year-over-year on a constant currency basis.1
- Data-Tech-AI net revenues growth of approximately
- Gross margin of approximately
36.4% . - Adjusted income from operations margin5 of approximately
17.4% . - Adjusted diluted EPS6 in the range of
$0.93 $0.94
Genpact's updated outlook for the full year 2025 is as follows:
- Net revenues in the range of
$5.05 9 billion$5.07 1 billion6.1% to6.4% as reported, or5.9% to6.2% on a constant currency basis,1 up from the prior guidance of approximately4.0% to6.0% , as reported.- Data-Tech-AI net revenues growth of approximately
9.2% year-over-year as reported, or9.1% year-over-year on a constant currency basis,1 up from the previous midpoint of7.4% , as reported. - Digital Operations net revenues growth of approximately
3.6% year-over-year as reported, or3.4% year-over-year on a constant currency basis,1 up from the previous midpoint of2.9% , as reported.
- Data-Tech-AI net revenues growth of approximately
- Gross margin of approximately
36.0% , no change from the prior guidance. - Adjusted income from operations margin5 of approximately
17.4% , no change from the prior guidance. - Adjusted diluted EPS6 in the range of
$3.60 $3.61 $3.51 $3.58
Third Quarter 2025 Earnings Call
Genpact's management will host a conference call on November 6, 2025, at 5:00 PM ET to discuss the company's performance for the third quarter ended September 30, 2025. Participants are encouraged to register here to receive a dial-in number and unique PIN for seamless access. It is recommended to join 10 minutes before the call starts, although registration and dial-in will be available at any time. A live webcast will be available on the Genpact Investor Relations website. For those unable to attend the live call, an archived replay and transcript will be available on the website shortly after the call.
About Genpact
Genpact (NYSE: G) is an agentic and advanced technology solutions company. We leverage process intelligence and artificial intelligence to deliver measurable outcomes. With a strong partner ecosystem and decades of client trust, we provide innovative solutions that transform how businesses run. Powered by a team with an active learning mindset and client centricity at its core, we deliver lasting value for the world's leading enterprises.
Safe Harbor
This press release contains certain statements concerning our future growth prospects, including our outlook for 2025, financial results and other forward-looking statements, as defined in the safe harbor provisions of the
Contacts
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Investors |
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Investor.Relations@genpact.com |
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Media |
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PublicRelations@genpact.com |
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GENPACT LIMITED AND ITS SUBSIDIARIES |
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As of December 31, |
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As of September 30, |
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Assets |
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Current assets |
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Cash and cash equivalents |
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$ 648,246 |
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$ 740,763 |
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Short-term investments |
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23,359 |
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— |
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Accounts receivable, net of allowance for credit losses of
and respectively |
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1,198,606 |
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1,280,938 |
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Prepaid expenses and other current assets |
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209,893 |
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190,791 |
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Total current assets |
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$ 2,080,104 |
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$ 2,212,492 |
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Property, plant and equipment, net |
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207,943 |
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180,654 |
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Operating lease right-of-use assets |
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182,190 |
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180,332 |
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Deferred tax assets |
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269,476 |
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253,980 |
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Intangible assets, net |
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26,950 |
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71,369 |
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Goodwill |
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1,669,769 |
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1,783,800 |
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Contract cost assets |
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200,900 |
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204,138 |
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Other assets, net of allowance for credit losses of December 31, 2024 and September 30, 2025, respectively |
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349,821 |
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477,387 |
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Total assets |
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$ 4,987,153 |
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$ 5,364,152 |
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Liabilities and equity |
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Current liabilities |
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Short-term borrowing |
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— |
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— |
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Current portion of long-term debt |
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26,173 |
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375,871 |
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Accounts payable |
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36,469 |
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34,790 |
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Income taxes payable |
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35,431 |
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54,071 |
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Accrued expenses and other current liabilities |
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812,994 |
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945,438 |
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Operating leases liability |
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52,672 |
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51,471 |
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Total current liabilities |
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$ 963,739 |
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$ 1,461,641 |
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Long-term debt, less current portion |
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1,195,267 |
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827,046 |
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Operating leases liability |
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153,587 |
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154,401 |
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Deferred tax liabilities |
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15,908 |
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16,488 |
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Other liabilities |
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269,041 |
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360,046 |
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Total liabilities |
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$ 2,597,542 |
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$ 2,819,622 |
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Shareholders' equity |
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Preferred shares, |
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— |
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— |
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Common shares, and 172,409,091 issued and outstanding as of December 31, 2024 and September 30, 2025, respectively |
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1,740 |
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1,718 |
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Additional paid-in capital |
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1,945,261 |
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1,991,774 |
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Retained earnings |
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1,236,696 |
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1,373,512 |
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Accumulated other comprehensive income (loss) |
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(794,086) |
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(822,474) |
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Total equity |
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$ 2,389,611 |
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$ 2,544,530 |
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Total liabilities and equity |
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$ 4,987,153 |
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$ 5,364,152 |
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GENPACT LIMITED AND ITS SUBSIDIARIES |
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Three months ended September 30, |
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Nine months ended September 30, |
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2024 |
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2025 |
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2024 |
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2025 |
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Net revenues |
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$ 1,210,949 |
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$ 1,291,257 |
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$ 3,518,398 |
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$ 3,760,601 |
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Cost of revenue |
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779,511 |
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821,601 |
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2,274,104 |
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2,411,883 |
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Gross profit |
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$ 431,438 |
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$ 469,656 |
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$ 1,244,294 |
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$ 1,348,718 |
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Operating expenses: |
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Selling, general and administrative expenses |
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243,315 |
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262,105 |
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717,988 |
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769,582 |
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Amortization of acquired intangible assets |
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6,495 |
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8,285 |
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19,980 |
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16,922 |
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Other operating (income) expense, net |
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(22) |
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7,624 |
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(5,561) |
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7,468 |
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Income from operations |
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$ 181,650 |
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$ 191,642 |
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$ 511,887 |
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$ 554,746 |
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Foreign exchange gains, net |
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1,133 |
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3,678 |
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4,424 |
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5,343 |
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Interest income (expense), net |
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(12,387) |
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(12,785) |
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(36,167) |
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(37,716) |
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Other income (expense), net |
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5,091 |
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6,817 |
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14,128 |
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18,940 |
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Income before income tax expense |
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$ 175,487 |
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$ 189,352 |
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$ 494,272 |
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$ 541,313 |
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Income tax expense |
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42,669 |
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43,521 |
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122,517 |
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131,913 |
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Net income |
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$ 132,818 |
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$ 145,831 |
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$ 371,755 |
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$ 409,400 |
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Earnings per common share |
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Basic |
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$ 0.75 |
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$ 0.84 |
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$ 2.07 |
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$ 2.35 |
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Diluted |
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$ 0.74 |
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$ 0.83 |
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$ 2.06 |
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$ 2.31 |
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Weighted average number of common shares used in |
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Basic |
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177,595,400 |
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173,576,957 |
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179,221,213 |
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174,572,169 |
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Diluted |
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179,714,223 |
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176,104,577 |
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180,854,682 |
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177,197,356 |
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GENPACT LIMITED AND ITS SUBSIDIARIES |
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Nine months ended September 30, |
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2024 |
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2025 |
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Operating activities |
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Net income |
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$ 371,755 |
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$ 409,400 |
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Adjustments to reconcile net income to net cash (used for) provided by operating activities: |
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Depreciation and amortization |
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51,830 |
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52,004 |
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Amortization of debt issuance costs |
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1,749 |
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1,665 |
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Amortization of acquired intangible assets |
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19,980 |
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16,922 |
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Write-down of property, plant and equipment |
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— |
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710 |
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Write-down of operating right-of-use assets |
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— |
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7,024 |
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Allowance for credit losses |
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12,395 |
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18,208 |
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Unrealized (gain)/loss on revaluation of foreign currency assets/liabilities |
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(7,909) |
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4,000 |
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Stock-based compensation expense |
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47,276 |
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64,055 |
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Deferred tax expense |
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14,509 |
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11,729 |
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Others, net |
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386 |
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280 |
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Change in operating assets and liabilities: |
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Increase in accounts receivable |
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(95,790) |
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(80,303) |
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Increase in prepaid expenses, other current assets, contract cost assets, operating lease right-of-use |
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(5,752) |
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(71,083) |
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Increase in accounts payable |
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(8,021) |
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(236) |
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Increase (Decrease) in accrued expenses, other current liabilities, operating lease liabilities and other |
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(5,056) |
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73,036 |
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Increase in income taxes payable |
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14,825 |
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18,750 |
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Net cash provided by operating activities |
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$ 412,177 |
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$ 526,161 |
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Investing activities |
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Purchase of property, plant and equipment |
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(63,049) |
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(60,544) |
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Payment for internally generated intangible assets (including intangibles under development) |
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(1,787) |
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(6,125) |
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Payment for business acquisitions, net of cash acquired |
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— |
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(80,384) |
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Proceeds from sale of property, plant and equipment |
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128 |
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58 |
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Proceeds from maturity of short-term investments |
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— |
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23,359 |
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Net cash used for investing activities |
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$ (64,708) |
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$ (123,636) |
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Financing activities |
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Repayment of finance lease obligations |
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(8,238) |
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(6,552) |
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Payment of debt issuance and refinancing costs |
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(4,123) |
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— |
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Proceeds from long-term debt |
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400,000 |
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— |
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Repayment of long-term debt |
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(26,500) |
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(19,875) |
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Proceeds from short-term borrowings |
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50,000 |
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85,000 |
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Repayment of short-term borrowings |
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(60,000) |
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(85,000) |
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Proceeds from issuance of common shares under stock-based compensation plans |
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12,170 |
|
14,347 |
|
Payment for net settlement of stock-based awards |
|
(21,307) |
|
(31,829) |
|
Dividend paid |
|
(81,768) |
|
(88,701) |
|
Payment for stock repurchased and retired (including expenses related to stock repurchased) |
|
(167,656) |
|
(183,020) |
|
Net cash (used for) provided by financing activities |
|
$ 92,578 |
|
$ (315,630) |
|
Net increase in cash and cash equivalents |
|
440,047 |
|
86,895 |
|
Effect of exchange rate changes |
|
(1,070) |
|
5,622 |
|
Cash and cash equivalents at the beginning of the period |
|
583,670 |
|
648,246 |
|
Cash and cash equivalents at the end of the period |
|
$ 1,022,647 |
|
$ 740,763 |
|
Supplementary information |
|
|
|
|
|
Cash paid during the period for interest |
|
$ 39,180 |
|
$ 37,571 |
|
Cash paid during the period for income taxes, net of refund |
|
$ 77,983 |
|
$ 98,742 |
Non-GAAP Financial Measures
To supplement the consolidated financial statements presented in accordance with GAAP, this press release includes the following non-GAAP financial measures:
- Adjusted income from operations;
- Adjusted income from operations margin;
- Adjusted diluted earnings per share; and
- Revenue growth on a constant currency basis.
These non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP and may be different from non-GAAP financial measures used by other companies. Accordingly, these non-GAAP financial measures, the financial statements prepared in accordance with GAAP and the reconciliations of Genpact's GAAP financial statements to such non-GAAP financial measures should be carefully evaluated.
Given Genpact's acquisitions of varying scale and size, and the difficulty in predicting expenses relating to acquisitions and the amortization of acquired intangibles thereof, since July 2012 Genpact's management has used financial statements that exclude all acquisition-related expenses and amortization of acquired intangibles for its internal management reporting, budgeting and decision-making purposes, including comparing Genpact's operating results to those of its competitors. For the same reasons, since April 2016, Genpact's management has excluded the impairment of acquired intangible assets from the financial statements it uses for internal management purposes. Acquisition-related expenses are excluded in the period in which an acquisition is consummated. Genpact's management also uses financial statements that exclude stock-based compensation expense. Because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use when adopting ASC 718 "Compensation-Stock Compensation," Genpact's management believes that providing non-GAAP financial measures that exclude such expenses allows investors to make additional comparisons between Genpact's operating results and those of other companies.
Additionally, in its calculations of non-GAAP financial measures, Genpact's management has adjusted foreign exchange gains and losses, interest income and expense and income tax expenses from GAAP net income, and other income and expenses from GAAP income from operations, because management believes that the Company's results after taking into account these adjustments more accurately reflect the Company's ongoing operations. In its calculations of adjusted diluted earnings per share, Genpact's management adds back adjusted stock-based compensation expense, amortization and impairment of acquired intangible assets, acquisition-related expenses and the related tax impact of such adjustments from GAAP diluted earnings per share. For the purpose of calculating adjusted diluted earnings per share, the combined current and deferred tax effect is determined by multiplying each pre-tax adjustment by the applicable statutory income tax rate.
Genpact's management provides information about revenues on a constant currency basis so that the revenues may be viewed without the impact of foreign currency exchange rate fluctuations compared to prior fiscal periods, thereby facilitating period-to-period comparisons of the Company's true business performance. Revenue growth on a constant currency basis is calculated by restating current-period activity using the prior fiscal period's foreign currency exchange rates adjusted for hedging gains/losses in such period.
Accordingly, Genpact believes that the presentation of adjusted income from operations, adjusted income from operations margin, adjusted diluted earnings per share and revenue growth on a constant currency basis, when read in conjunction with the Company's reported results, can provide useful supplemental information to investors and management regarding financial and business trends relating to its financial condition and results of operations.
A limitation of using adjusted income from operations and adjusted income from operations margin versus income from operations, income from operations margin, net income and net income margin calculated in accordance with GAAP is that these non-GAAP financial measures exclude certain recurring costs and certain other charges, namely stock-based compensation expense and amortization and impairment of acquired intangible assets. Management compensates for this limitation by providing specific information on the GAAP amounts excluded from adjusted income from operations and adjusted income from operations margin.
The following tables show the reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures for the three and nine months ended September 30, 2024 and 2025:
|
Reconciliation of Net Income/Margin to Adjusted Income from Operations/Margin |
|
||||||||
|
|
|
Three months ended |
|
Nine months ended |
|
||||
|
|
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
|
Net income |
|
$ 132,818 |
|
$ 145,831 |
|
$ 371,755 |
|
$ 409,400 |
|
|
Foreign exchange (gains), net |
|
(1,133) |
|
(3,678) |
|
(4,424) |
|
(5,343) |
|
|
Interest (income) expense, net |
|
12,387 |
|
12,785 |
|
36,167 |
|
37,716 |
|
|
Income tax expense |
|
42,669 |
|
43,521 |
|
122,517 |
|
131,913 |
|
|
Stock-based compensation expense |
|
19,726 |
|
22,221 |
|
47,276 |
|
64,055 |
|
|
Amortization of acquired intangible assets |
|
6,494 |
|
8,227 |
|
19,963 |
|
16,860 |
|
|
Acquisition-related expenses |
|
— |
|
— |
|
— |
|
1,310 |
|
|
Adjusted income from operations |
|
$ 212,961 |
|
$ 228,907 |
|
$ 593,254 |
|
$ 655,911 |
|
|
Net income margin |
|
11.0 % |
|
11.3 % |
|
10.6 % |
|
10.9 % |
|
|
Adjusted income from operations margin |
|
17.6 % |
|
17.7 % |
|
16.9 % |
|
17.4 % |
|
|
Reconciliation of Income from Operations/Margin to Adjusted Income from Operations/Margin |
|||||||||
|
|
|
Three months ended |
|
Nine months ended |
|
||||
|
|
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
|
Income from operations |
|
$ 181,650 |
|
$ 191,642 |
|
511,887 |
|
$ 554,746 |
|
|
Stock-based compensation expense |
|
19,726 |
|
22,221 |
|
47,276 |
|
64,055 |
|
|
Amortization of acquired intangible assets |
|
6,494 |
|
8,227 |
|
19,963 |
|
16,860 |
|
|
Other income (expense), net |
|
5,091 |
|
6,817 |
|
14,128 |
|
18,940 |
|
|
Acquisition-related expenses |
|
— |
|
— |
|
— |
|
1,310 |
|
|
Adjusted income from operations |
|
$ 212,961 |
|
$ 228,907 |
|
$ 593,254 |
|
$ 655,911 |
|
|
Income from operations margin |
|
15.0 % |
|
14.8 % |
|
14.5 % |
|
14.8 % |
|
|
Adjusted income from operations margin |
|
17.6 % |
|
17.7 % |
|
16.9 % |
|
17.4 % |
|
|
Reconciliation of Diluted EPS to Adjusted Diluted EPS7 |
|||||||||
|
|
|
Three months ended |
|
Nine months ended |
|
||||
|
|
|
2024 |
|
2025 |
|
2024 |
|
2025 |
|
|
Diluted EPS |
|
$ 0.74 |
|
$ 0.83 |
|
$ 2.06 |
|
$ 2.31 |
|
|
Stock-based compensation expense |
|
0.11 |
|
0.13 |
|
0.26 |
|
0.36 |
|
|
Amortization of acquired intangible assets |
|
0.04 |
|
0.05 |
|
0.11 |
|
0.10 |
|
|
Acquisition related expenses |
|
— |
|
— |
|
— |
|
0.01 |
|
|
Tax impact on stock-based compensation expense |
|
(0.02) |
|
(0.02) |
|
(0.03) |
|
(0.07) |
|
|
Tax impact on amortization of acquired intangible assets |
|
(0.01) |
|
(0.01) |
|
(0.03) |
|
(0.02) |
|
|
Adjusted diluted EPS |
|
$ 0.85 |
|
$ 0.97 |
|
$ 2.37 |
|
$ 2.68 |
|
The following tables show the reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures for the year ending December 31, 2025:
|
Reconciliation of Outlook for Net Income Margin to Adjusted Income from Operations Margin8 |
||
|
|
|
Year ending December 31, 2025 |
|
Net income margin |
|
10.8 % |
|
Estimated interest (income) expense, net |
|
1.0 % |
|
Estimated income tax expense |
|
3.5 % |
|
Foreign exchange (gains), net |
|
(0.1) % |
|
Estimated stock-based compensation expense |
|
1.7 % |
|
Estimated amortization of acquired intangible assets |
|
0.5 % |
|
Acquisition-related expenses |
|
— % |
|
Adjusted income from operations margin |
|
17.4 % |
|
Reconciliation of Outlook for Income from Operations Margin to Adjusted Income from |
||
|
|
|
Year ending December 31, 2025 |
|
Income from operations margin |
|
14.8 % |
|
Estimated stock-based compensation expense |
|
1.7 % |
|
Estimated amortization of acquired intangible assets |
|
0.5 % |
|
Estimated other income (expense), net |
|
0.4 % |
|
Adjusted income from operations margin |
|
17.4 % |
|
Reconciliation of Outlook for Diluted EPS to Adjusted Diluted EPS8 |
||||
|
|
|
Year ending December 31, 2025 |
||
|
|
|
Lower |
|
Upper |
|
Diluted EPS |
|
$ 3.09 |
|
$ 3.10 |
|
Estimated stock-based compensation expense |
|
0.50 |
|
0.50 |
|
Estimated amortization of acquired intangible assets |
|
0.14 |
|
0.14 |
|
Estimated acquisition expense |
|
0.01 |
|
0.01 |
|
Estimated tax impact on stock-based compensation expense |
|
(0.09) |
|
(0.09) |
|
Estimated tax impact on amortization of acquired intangible assets |
|
(0.04) |
|
(0.04) |
|
Adjusted diluted EPS |
|
$ 3.60 |
|
$ 3.61 |
The following tables show the reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures for the quarter ending December 31, 2025:
|
Reconciliation of Outlook for Net Income Margin to Adjusted Income from Operations Margin9 |
||
|
|
|
Quarter ending December 31, 2025 |
|
Net income margin |
|
10.5 % |
|
Estimated interest (income) expense, net |
|
1.1 % |
|
Estimated income tax expense |
|
3.4 % |
|
Estimated stock-based compensation expense |
|
1.8 % |
|
Estimated amortization of acquired intangible assets |
|
0.5 % |
|
Adjusted income from operations margin |
|
17.4 % |
|
Reconciliation of Outlook for Income from Operations Margin to Adjusted Income from |
||
|
|
|
Quarter ending December 31, 2025 |
|
Income from operations margin |
|
14.8 % |
|
Estimated stock-based compensation expense |
|
1.8 % |
|
Estimated amortization of acquired intangible assets |
|
0.5 % |
|
Estimated other income (expense), net |
|
0.2 % |
|
Adjusted income from operations margin |
|
17.4 % |
|
Reconciliation of Outlook for Diluted EPS to Adjusted Diluted EPS9 |
||||
|
|
|
Quarter ending December 31, |
||
|
|
|
Lower |
|
Upper |
|
Diluted EPS |
|
$ 0.78 |
|
$ 0.80 |
|
Estimated stock-based compensation expense |
|
0.14 |
|
0.14 |
|
Estimated amortization of acquired intangible assets |
|
0.04 |
|
0.04 |
|
Estimated tax impact on stock-based compensation expense |
|
(0.02) |
|
(0.02) |
|
Estimated tax impact on amortization of acquired intangible assets |
|
(0.01) |
|
(0.01) |
|
Adjusted diluted EPS |
|
$ 0.93 |
|
$ 0.94 |
|
Net Revenues from Advanced Technology Solutions and Core Business Services10 |
||||
|
|
Three months ended |
|||
|
|
March 31, 2023 |
June 30, 2023 |
September 30, 2023 |
December 31, 2023 |
|
Advanced Technology Solutions |
$ 236,102 |
$ 257,161 |
$ 248,124 |
$ 243,326 |
|
Core Business Services |
$ 853,217 |
$ 848,363 |
$ 887,668 |
$ 902,927 |
|
Total |
$ 1,089,319 |
$ 1,105,524 |
$ 1,135,792 |
$ 1,146,253 |
|
|
||||
|
|
Three months ended |
|||
|
|
March 31, 2024 |
June 30, 2024 |
September 30, 2024 |
December 31, 2024 |
|
Advanced Technology Solutions |
$ 239,849 |
$ 249,461 |
$ 259,184 |
$ 280,639 |
|
Core Business Services |
$ 891,388 |
$ 926,750 |
$ 951,766 |
$ 968,102 |
|
Total |
$ 1,131,237 |
$ 1,176,212 |
$ 1,210,949 |
$ 1,248,741 |
|
|
|
||
|
|
Three months ended |
||
|
|
March 31, 2025 |
June 30, 2025 |
September 30, 2025 |
|
Advanced Technology Solutions |
$ 277,627 |
$ 292,655 |
$ 310,986 |
|
Core Business Services |
$ 937,299 |
$ 961,763 |
$ 980,271 |
|
Total |
$ 1,214,926 |
$ 1,254,418 |
$ 1,291,257 |
|
________________________________ |
|
|
1 |
Revenue growth on a constant currency basis is a non-GAAP measure and is calculated by restating current-period activity using the prior fiscal period's foreign currency exchange rates adjusted for hedging gains/losses in such period. |
|
2 |
Advanced Technology Solutions net revenues include revenues from solutions and services focused on data and AI, digital technology, advisory and agentic solutions. Core Business Services net revenues include revenues from decision support services and technology services as well as Digital Operations. |
|
3 |
Adjusted diluted earnings per share is a non-GAAP measure. A reconciliation of GAAP diluted earnings per share to adjusted diluted earnings per share is attached to this release. |
|
4 |
Adjusted income from operations and adjusted income from operations margin are non-GAAP measures. Reconciliations of each of GAAP income from operations and GAAP net income to adjusted income from operations and GAAP income from operations margin and GAAP net income margin to adjusted income from operations margin are attached to this release. |
|
5 |
Adjusted income from operations margin is a non-GAAP measure. A reconciliation of the outlook for each of GAAP net income margin and GAAP income from operations margin to adjusted income from operations margin is attached to this release. |
|
6 |
Adjusted diluted earnings per share is a non-GAAP measure. A reconciliation of the outlook for GAAP diluted earnings per share to adjusted diluted earnings per share is attached to this release. |
|
7 |
Due to rounding, the numbers presented in this table may not add up precisely to the totals provided. |
|
8 |
Due to rounding, the numbers presented in this table may not add up precisely to the totals provided. |
|
9 |
Due to rounding, the numbers presented in this table may not add up precisely to the totals provided. |
|
10 |
Due to rounding, the numbers presented in this table may not add up precisely to the totals provided. |
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SOURCE Genpact
FAQ
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