NEW YORK, Feb. 5, 2026 /PRNewswire/ -- Genpact Limited (NYSE:G), an agentic and advanced technology solutions company recognized for its deep industry knowledge, process intelligence, and last-mile expertise, today announced financial results for the fourth quarter and full year ended December 31, 2025.
"2025 was a strong year for Genpact driven by disciplined execution, accelerating innovation, and broad-based demand for our solutions. Advanced Technology Solutions grew 17% year over year, as we continue to rapidly scale data, AI, and domain-driven agentic solutions," said Balkrishan "BK" Kalra, President and CEO, Genpact. "With our strong momentum across Advanced Technology Solutions and our deep industry and domain expertise, we are clear partners of choice to define how clients will operate in the future."
Key Financial Highlights, Full Year 2025
Net revenues were $5.080 billion, up 6.6% year-over-year, and 6.4% on a constant currency basis.1
Advanced Technology Solutions net revenues2 were $1.204 billion, up 17.0% year-over-year, representing 24% of total net revenues.
Core Business Services net revenues2 were $3.876 billion, up 3.7% year-over-year, representing 76% of total net revenues.
Data-Tech-AI net revenues were $2.442 billion, up 9.3% year-over-year, and 9.2% on a constant currency basis,1 representing 48% of total net revenues.
Digital Operations net revenues were $2.638 billion, up 4.1% year-over-year, and 3.8% on a constant currency basis,1 representing 52% of total net revenues.
Gross profit was $1.831 billion, up 8.3% year-over-year, with a corresponding margin of 36.0%.
Net income was $552 million, up 7.6% year-over-year, with a corresponding margin of 10.9%.
Income from operations was $750 million, up 6.9% year-over-year, with a corresponding margin of 14.8%.
Adjusted income from operations was $888 million, up 9.0% year-over-year, with a corresponding margin of 17.5%.4
Diluted earnings per share was $3.13, up 9.8% year-over-year.
Adjusted diluted earnings per share3 was $3.65, up 11.3% year-over-year.
Cash generated from operations was $813 million and includes $170 million in client prepayments. Cash from operations was $643 million net of the client prepayments, up 4.5% year-over-year.
Genpact repurchased approximately 6.0 million common shares during the year for total consideration of approximately $283 million at an average price per share of $46.16.
Key Financial Highlights, Fourth Quarter 2025
Net revenues were $1.319 billion, up 5.6% year-over-year, and 5.0% on a constant currency basis.1
Advanced Technology Solutions net revenues2 were $323 million, up 15.0% year-over-year, representing 24% of total net revenues.
Core Business Services net revenues2 were $996 million, up 2.9% year-over-year, representing 76% of total net revenues.
Data-Tech-AI net revenues were $639 million, up 7.4% year-over-year, and 7.0% on a constant currency basis,1 representing 48% of total net revenues.
Digital Operations net revenues were $681 million, up 4.0% year-over-year, and 3.2% on a constant currency basis,1 representing 52% of total net revenues.
Gross profit was $482 million, up 8.2% year-over-year, with a corresponding margin of 36.6%.
Net income was $143 million, up 0.8% year-over-year, with a corresponding margin of 10.8%.
Income from operations was $195 million, up 2.8% year-over-year, with a corresponding margin of 14.8%.
Adjusted income from operations was $232 million, up 5.0% year-over-year, with a corresponding margin of 17.6%.4
Diluted earnings per share was $0.82, up 3.8% year-over-year.
Adjusted diluted earnings per share3 was $0.97, up 6.6% year-over-year.
Genpact repurchased approximately 2.0 million common shares during the quarter for total consideration of approximately $100 million at an average price per share of $45.24.
Capital Allocation
Genpact's Board of Directors declared a quarterly cash dividend for the first quarter of 2026 of $0.1875 per common share, a 10% increase, payable on March 31, 2026 to shareholders of record as of the close of business on March 16, 2026. The newly approved quarterly dividend represents a planned annual dividend of $0.75 per common share, an increase from $0.68 per common share in 2025.
Outlook
Genpact's outlook for the full year 2026 is as follows:
Net revenue growth of at least 7% on an as reported basis, or 6.8% on a constant currency basis.1
In Advanced Technology Solutions, we expect revenue to grow at least high-teens.
In Core Business Services, we expect growth to continue.
Gross margin of approximately 36.5%, up approximately 50 basis points year-over-year.
Adjusted income from operations margin5 of approximately 17.7%, up approximately 25 basis points year-over-year.
Adjusted diluted EPS6 growth of approximately 10%.
Genpact's outlook for the first quarter of 2026 is as follows:
Net revenues in the range of $1.282 billion to $1.294 billion, representing year-over-year growth of approximately 5.5% to 6.5% as reported, or 4.4% to 5.4% on a constant currency basis.1
In Advanced Technology Solutions, we expect revenue to grow at least high-teens.
In Core Business Services, we expect growth to continue.
Gross margin of approximately 36.3%.
Adjusted income from operations margin5 of approximately 17.3%.
Adjusted diluted EPS6 in the range of $0.92 to $0.93.
Fourth Quarter 2025 Earnings Call
Genpact's management will host a conference call on February 5, 2026, at 5:00PM ET to discuss the company's performance for the fourth quarter ended December 31, 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 GenpactGenpact (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 HarborThis press release contains certain statements concerning our future growth prospects, including our outlook for 2026, financial results and other forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those in such forward-looking statements. These risks, uncertainties, and other factors include but are not limited to macroeconomic uncertainty, U.S. and global trade and tariff policies and general economic conditions, any deterioration in the global economic environment and its impact on our clients, our ability to develop and successfully execute our business strategies, technological innovation, including AI technology and future uses of agentic AI, generative AI and large language models, and our ability to invest in new technologies and adapt to industry developments and client needs at sufficient speed and scale, our ability to effectively price our services and maintain pricing and employee utilization rates, general inflationary pressures and our ability to share increased costs with our clients, wage increases in locations in which we have operations, our ability to attract and retain skilled professionals, our ability to protect our and our clients' data from security incidents or cyberattacks, political, economic or business conditions in countries in which we operate, the economic and other impacts of geopolitical conflicts and any related sanctions and other measures that have been or may be implemented or imposed in response thereto, as well as any potential expansion or escalation of existing conflicts or economic disruption beyond their current scope, a slowdown in the geographic regions or sectors in which we or our clients operate, the risks and uncertainties arising from our past and future acquisitions or divestitures, our ability to convert bookings to revenues, our ability to manage growth, factors which may impact our cost advantage, changes in tax rates and tax legislation, tax audits, investigations and tax proceedings, changes in the interpretation or enforcement of tax laws and other laws and regulations, our ability to effectively execute our tax planning strategies, highly competitive markets and any inability to compete effectively, claims and lawsuits, including by clients, employees or other third parties, risks and uncertainties regarding fluctuations in our earnings, foreign currency fluctuations, as well as other risks detailed in our reports filed with the U.S. Securities and Exchange Commission, including Genpact's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. These filings are available at www.sec.gov. Genpact may from time to time make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. Although Genpact believes that these forward-looking statements are based on reasonable assumptions, you are cautioned not to put undue reliance on these forward-looking statements, which reflect management's current analysis of future events and should not be relied upon as representing management's expectations or beliefs as of any date subsequent to the time they are made. Genpact undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of Genpact.
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Media
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GENPACT LIMITED AND ITS SUBSIDIARIES
Consolidated Balance Sheets
(Unaudited)
(In thousands, except per share data and share count)
As of December 31, 2024
As of December 31, 2025
Assets
Current assets
Cash and cash equivalents
$ 648,246
$ 853,836
Short-term investments
23,359
350,000
Accounts receivable, net of allowance for credit losses of $12,094
and $22,097 as of December 31, 2024 and 2025,
respectively
1,198,606
1,240,550
Prepaid expenses and other current assets
209,893
211,981
Total current assets
$ 2,080,104
$ 2,656,367
Property, plant and equipment, net
207,943
190,448
Operating lease right-of-use assets
182,190
181,708
Deferred tax assets
269,476
258,789
Intangible assets, net
26,950
67,040
Goodwill
1,669,769
1,781,116
Contract cost assets
200,900
197,419
Other assets, net of allowance for credit losses of $7,320 and $10,659 as of
December 31, 2024 and 2025, respectively
349,821
510,380
Total assets
$ 4,987,153
$ 5,843,267
Liabilities and equity
Current liabilities
Short-term borrowing
—
—
Current portion of long-term debt
26,173
376,027
Accounts payable
36,469
27,533
Income taxes payable
35,431
43,074
Accrued expenses and other current liabilities
812,994
1,103,625
Operating leases liability
52,672
52,221
Total current liabilities
$ 963,739
$ 1,602,480
Long-term debt, less current portion
1,195,267
1,166,274
Operating leases liability
153,587
150,667
Deferred tax liabilities
15,908
21,081
Other liabilities
269,041
353,364
Total liabilities
$ 2,597,542
$ 3,293,866
Shareholders' equity
Preferred shares, $0.01 par value, 250,000,000 authorized, none issued
—
—
Common shares, $0.01 par value, 500,000,000 authorized, 174,661,943
and 170,341,479 issued and outstanding as of December 31, 2024 and 2025, respectively
1,740
1,696
Additional paid-in capital
1,945,261
2,018,985
Retained earnings
1,236,696
1,390,164
Accumulated other comprehensive income (loss)
(794,086)
(861,444)
Total equity
$ 2,389,611
$ 2,549,401
Total liabilities and equity
$ 4,987,153
$ 5,843,267
GENPACT LIMITED AND ITS SUBSIDIARIES
Consolidated Statements of Income
(Unaudited)
(In thousands, except per share data and share count)
Three months ended December 31,
2023
2024
2025
Net revenues
$ 1,146,253
$ 1,248,741
$ 1,319,278
Cost of revenue
738,699
802,969
836,984
Gross profit
$ 407,554
$ 445,772
$ 482,294
Operating expenses:
Selling, general and administrative expenses
237,419
249,157
277,131
Amortization of acquired intangible assets
7,454
6,496
7,370
Other operating (income) expense, net
(51)
(55)
2,332
Income from operations
$ 162,732
$ 190,174
$ 195,461
Foreign exchange gains, net
576
(1,487)
2,047
Interest income (expense), net
(12,915)
(11,047)
(11,881)
Other income (expense), net
8,081
4,908
3,207
Income before income tax expense
$ 158,474
$ 182,548
$ 188,834
