0001398659FALSE00013986592026-08-062026-08-06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 6, 2026
GENPACT LIMITED
(Exact name of registrant as specified in its charter)
Bermuda     001-3362698-0533350
(State or other jurisdiction
of incorporation)		   (Commission
     File Number)		(I.R.S. Employer
Identification No.)
Canon's Court, 22 Victoria Street
Hamilton HM 12, Bermuda
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (441) 298-3300
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each classTrading SymbolName of each exchange on which registered
Common shares, par value $0.01 per shareGNew York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02Results of Operations and Financial Condition.
On August 6, 2026, Genpact Limited (the “Company”) issued a press release announcing its financial results for the three months ended June 30, 2026.  The Company is furnishing this Form 8-K pursuant to Item 2.02, “Results of Operations and Financial Condition.” A copy of the press release, attached hereto as Exhibit 99.1, is incorporated herein by reference.
The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 2.02 and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
The Company is making reference to non-GAAP financial information in the press release and on the conference call.  A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is contained in the attached press release.

Item 9.01.Financial Statements and Exhibits.
(d)Exhibits:
 
Exhibit 99.1  
Exhibit 104
Cover Page Interactive Data File (embedded within the Inline XBRL document)


Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
GENPACT LIMITED
Date: August 6, 2026By:/s/ Michael Weiner
Name:Michael Weiner
Title:Senior Vice President, Chief Financial Officer
Exhibit 99.1

imagea.jpg
Genpact Reports Second Quarter 2026 Results

Advanced Technology Solutions net revenue growth, up 24% year-over-year, drives Q2 performance

NEW YORK, August 6, 2026 — Genpact Limited (NYSE: G), the Agentic Operations company, today announced financial results for the second quarter ended June 30, 2026.

“Q2 was another strong quarter for Genpact, demonstrating our flywheel is accelerating, and our pivot to Agentic Operations is taking hold faster. Given the tremendous momentum we are seeing, we now expect Advanced Technology Solutions revenue to grow at least 25% for the full year,” said Balkrishan "BK" Kalra, President and CEO, Genpact. “We are leading the shift to Agentic Operations, our strategy is working, and we continue to change Genpact in ways that matter for our clients, our people, and our long-term growth.”

“This quarter reflects both strong client demand and disciplined execution, with revenue growth of 7.1%, another quarter of year-over-year margin expansion, and double-digit EPS growth. Record bookings, increasing backlog, and continued pipeline growth underscore the strength we are seeing across the business,” said Michael Weiner, Chief Financial Officer, Genpact. “We are raising our adjusted diluted EPS1 growth guidance to at least 12% for 2026. As we continue to shift toward higher-value Advanced Technology Solutions, we are focused on creating a stronger, more durable, and structurally richer business.”

Key Financial Highlights – Second Quarter 2026
•Net revenues were $1.343 billion, up 7.1% year-over-year, and 6.9% on a constant currency basis.2
◦Advanced Technology Solutions net revenues were $363 million, up 24.1% year-over-year, representing 27% of total net revenues.
◦Core Business Services net revenues were $980 million, up 1.9% year-over-year, representing 73% of total net revenues.
•Gross profit was $490 million, up 8.9% year-over-year, with a corresponding margin of 36.5%.
•Net income was $146 million, up 9.8% year-over-year, with a corresponding margin of 10.8%.
•Income from operations was $193 million, up 7.5% year-over-year, with a corresponding margin of 14.4%.
•Adjusted income from operations was $234 million, up 7.5% year-over-year, with a corresponding margin of 17.4%.3
•Diluted earnings per share was $0.86, up 14.7% year-over-year.
•Adjusted diluted earnings per share1 was $1.00, up 13.6% year-over-year.
1 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.
2 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.
3 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.


•Cash generated from operations was $72 million, compared to $177 million generated from operations in the second quarter of 2025.
•Genpact repurchased approximately 1.6 million common shares during the quarter for total consideration of approximately $50 million at an average price per share of $32.04.

Outlook

Genpact's outlook for the third quarter of 2026 is as follows:

•Net revenues in the range of $1.369 billion to $1.382 billion, representing year-over-year growth of approximately 6.0% to 7.0% as reported, or 6.2% to 7.2% on a constant currency basis.2
◦In Advanced Technology Solutions, we expect revenue to grow at least 25% year-over-year.
◦In Core Business Services, we expect revenue to be flat to slightly down year-over-year.
•Gross margin of approximately 36.6%.
•Adjusted income from operations margin4 of approximately 17.8%.
•Adjusted diluted earnings per share5 in the range of $1.04 to $1.05.

Genpact's outlook for the full year 2026 is as follows:

•Net revenue growth of at least 7% year-over-year on an as reported basis, or 6.8% on a constant currency basis.2
◦In Advanced Technology Solutions, we expect revenue to grow at least 25% year-over-year.
◦In Core Business Services, we expect growth to continue year-over-year.
•Gross margin of approximately 36.5%, up approximately 50 basis points year-over-year.
•Adjusted income from operations margin4 of approximately 17.7%, up approximately 25 basis points year-over-year.
•Adjusted diluted earnings per share5 growth of at least 12% year-over-year.

Second Quarter 2026 Earnings Call

Genpact's management will host a conference call on August 6, 2026 at 5:00PM ET to discuss the company's performance for the second quarter ended June 30, 2026. 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, as well as supplemental investor materials, will be available on the Genpact Investor Relations website. An archived replay and transcript will be available on the website shortly after the call.

About Genpact
Genpact (NYSE: G) is the Agentic Operations company, where applied AI meets context-rich process intelligence. We run and transform mission-critical operations for global enterprises. Genpact's Agentic Operations are grounded in decades of operating core business processes at scale across finance, supply chain, banking, insurance, and more. Our flywheel of advanced technology, trusted data foundations, and deep ecosystem partnerships moves enterprises rapidly from experimentation to scale. AI agents bring speed and precision, human experts bring judgment, and together they deliver outcomes clients can measure. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook.
4Adjusted 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.
5Adjusted 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.




Safe Harbor
This press release contains certain statements concerning our future growth prospects, including our outlook for the third quarter of 2026 and full year 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, our ability to develop and successfully implement technological innovations, including AI technologies such as 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. Our results for the quarter ended June 30, 2026 are also not necessarily indicative of our operating results for any future periods.
Contacts
 
Investors  Investor.Relations@genpact.com
  
MediaPublicRelations@genpact.com

GENPACT LIMITED AND ITS SUBSIDIARIES
Consolidated Balance Sheets
(Unaudited)
(In thousands, except per share data and share count)


As of June 30, 2026
As of December 31, 2025
Assets
Current assets
Cash and cash equivalents$517,387$853,836
Short-term investments—350,000
Accounts receivable, net of allowance for credit losses of $21,220 and $22,097 as of June 30, 2026 and December 31, 2025, respectively1,402,8151,240,550
Prepaid expenses and other current assets250,552211,981
Total current assets$2,170,754$2,656,367
Property, plant and equipment, net184,437190,448
Operating lease right-of-use assets197,788181,708
Deferred tax assets255,068258,789
Intangible assets, net73,27367,040
Goodwill1,768,8621,781,116
Contract cost assets189,393197,419
Other assets, net of allowance for credit losses of $13,438 and $10,659 as of June 30, 2026 and December 31, 2025, respectively573,521510,380
Total assets $5,413,096$5,843,267
Liabilities and equity
Current liabilities
Current portion of long-term debt26,201376,027
Accounts payable16,09327,533
Income taxes payable51,78943,074
Accrued expenses and other current liabilities930,9641,103,625
Operating lease liabilities62,71752,221
Total current liabilities$1,087,764$1,602,480
Long-term debt, less current portion1,154,0561,166,274
Operating lease liabilities154,415150,667
Deferred tax liabilities10,64521,081
Other liabilities401,419353,364
Total liabilities$2,808,299$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, 168,028,805 and 170,341,479 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively1,6731,696
Additional paid-in capital2,050,1282,018,985
Retained earnings1,500,5951,390,164
Accumulated other comprehensive income (loss)(947,599)(861,444)
Total equity$2,604,797$2,549,401
Total liabilities and equity$5,413,096$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 June 30,Six months ended June 30,
2026202520262025
Net revenues$1,343,438 $1,254,418 $2,639,510 $2,469,344 
Cost of revenue853,100 804,350 1,677,504 1,590,282 
Gross profit$490,338$450,068$962,006$879,062
Operating expenses:
Selling, general and administrative expenses294,129 266,393 564,466 507,477 
Amortization of acquired intangible assets3,287 4,317 6,399 8,637 
Other operating (income) expense, net(20)(44)(384)(156)
Income from operations$192,942$179,402$391,525$363,104
Foreign exchange gains, net2,109 376 9,411 1,665 
Interest income (expense), net(15,147)(13,485)(26,749)(24,931)
Other income (expense), net10,979 10,445 10,690 12,123 
Income before income tax expense$190,883$176,738$384,877$351,961
Income tax expense
45,146 44,022 91,148 88,392 
Net income$145,737$132,716$293,729$263,569
Earnings per common share
Basic$0.86 $0.76 $1.73 $1.51 
Diluted$0.86 $0.75 $1.71 $1.48 
Weighted average number of common shares used in computing earnings per common share
Basic169,068,546 174,611,241 169,688,011 175,069,775 
Diluted170,425,796 177,052,346 171,635,487 177,743,745 

GENPACT LIMITED AND ITS SUBSIDIARIES
Consolidated Statements of Cash Flows
(Unaudited)
(In thousands)
Six months ended June 30,
20262025
Operating activities
Net income$293,729 $263,569 
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Depreciation and amortization35,000 34,089 
Amortization of debt issuance costs 1,414 1,105 
Amortization of acquired intangible assets6,399 8,637 
Allowance for credit losses
9,410 18,363 
Unrealized (gain)/loss on revaluation of foreign currency assets/liabilities786 3,068 
Stock-based compensation expense48,632 41,834 
Deferred tax expense/(benefit)(649)9,307 
Others, net116 (89)
Change in operating assets and liabilities:
Increase in accounts receivable(175,331)(58,694)
Increase in prepaid expenses, other current assets, contract cost assets, operating lease right-of-use assets and other assets(111,828)(69,358)
Increase (Decrease) in accounts payable(12,096)9,561 
Decrease in accrued expenses, other current liabilities, operating leases liabilities and other liabilities(55,938)(63,608)
Increase in income taxes payable9,264 20,017 
Net cash provided by operating activities$48,908 $217,801 
Investing activities
Purchase of property, plant and equipment(37,855)(44,201)
Payment for internally generated intangible assets (including intangible assets under development)
(16,093)(2,987)
Payment for business acquisitions, net of cash acquired— (80,621)
Proceeds from sale of property, plant and equipment3,717 30 
Proceeds from maturity of short term investments350,000 23,359 
Net cash provided by (used for) investing activities$299,769 $(104,420)
Financing activities
Repayment of finance lease obligations(3,826)(4,487)
Payment of debt issuance and refinancing costs(394)— 
Repayment of long-term debt(363,250)(13,250)
Proceeds from short-term borrowings— 85,000 
Proceeds from issuance of common shares under stock-based compensation plans5,118 9,345 
Payment for net settlement of stock-based awards(22,096)(30,874)
Dividend paid(63,325)(59,408)
Payment of earn-out consideration(77,500)— 
Payment for stock repurchased and retired (including expenses related to stock repurchased)(120,007)(92,999)
Net cash used for financing activities$(645,280)$(106,673)
Net decrease in cash and cash equivalents(296,603)6,708 
Effect of exchange rate changes (39,846)8,306 
Cash and cash equivalents at the beginning of the period853,836 648,246 
Cash and cash equivalents at the end of the period$517,387 $663,260 
Supplementary information
Cash paid during the period for interest$36,928 $29,790 
Cash paid during the period for income taxes, net of refund$84,244 $52,192 

Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with U.S. GAAP ("GAAP"), this press release includes the following non-GAAP financial measures:

•Adjusted income from operations;
•Adjusted income from operations margin;
•Adjusted net income;
•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 applying 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 stock-based compensation expense, amortization 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 net income, 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, adjusted income from operations margin and adjusted net income 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, amortization of acquired intangible assets, foreign exchange (gains)/ loses, net, interest (income) expense, net and income tax expense. Management compensates for this limitation by providing specific information on the GAAP amounts excluded from these non-GAAP financial measures.



The following tables show the reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures for the three and six months ended June 30, 2026 and 2025:

Reconciliation of Net Income/Margin to Adjusted Income from Operations/Margin
(In thousands)

Three months ended June 30,Six months ended June 30,
2026202520262025
Net income$145,737

$132,716$293,729

$263,569
Foreign exchange (gains)/losses, net
(2,109)(376)(9,411)(1,665)
Interest (income) expense, net15,14713,48526,74924,931
Income tax expense45,14644,02291,14888,392
Stock-based compensation expense26,35921,79848,63241,834
Amortization of acquired intangible assets3,2784,3156,3898,633
Acquisition-related expenses—1,310—1,310
Adjusted income from operations$233,558$217,270$457,236$427,004
Net income margin10.8 %10.6 %11.1 %10.7 %
Adjusted income from operations margin17.4 %17.3 %17.3 %17.3 %
    
    
Reconciliation of Income from Operations/Margin to Adjusted Income from Operations/Margin
(In thousands)

Three months ended June 30,Six months ended June 30,
2026202520262025
Income from operations$192,942$179,402$391,525$363,104
Stock-based compensation expense26,35921,79848,63241,834
Amortization of acquired intangible assets3,2784,3156,3898,633
Other income (expense), net10,97910,44510,69012,123
Acquisition-related expenses—1,310—1,310
Adjusted income from operations$233,558$217,270$457,236$427,004
Income from operations margin14.4 %14.3 %14.8 %14.7 %
Adjusted income from operations margin17.4 %17.3 %17.3 %17.3 %
    

Reconciliation of Net Income to Adjusted Net Income
(In thousands) 

Three months ended June 30,Six months ended June 30,
2026202520262025
Net income$145,737$132,716$293,729$263,569
Stock-based compensation expense26,35921,79848,63241,834
Amortization of acquired intangible assets3,2784,3156,3898,633
Acquisition related expenses—1,310—1,310
Tax impact on stock-based compensation expense(3,680)(3,867)(7,240)(7,945)
Tax impact on amortization of acquired intangible assets(799)(1,066)(1,555)(2,132)
Adjusted net income$170,895$155,206$339,955$305,269



Reconciliation of Diluted EPS to Adjusted Diluted EPS6
(Per share data) 

Three months ended June 30,Six months ended June 30,
2026202520262025
Diluted EPS$0.86$0.75$1.71$1.48
Stock-based compensation expense0.150.120.280.24
Amortization of acquired intangible assets0.020.020.040.05
Acquisition related expenses—0.01—0.01
Tax impact on stock-based compensation expense(0.02)(0.02)(0.04)(0.04)
Tax impact on amortization of acquired intangible assets—(0.01)(0.01)(0.01)
Adjusted diluted EPS$1.00$0.88$1.98$1.72


6 Due to rounding, the numbers presented in this table may not add up precisely to the totals provided.

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, 2026:

Reconciliation of Outlook for Net Income Margin to Adjusted Income from Operations Margin7

Year ending December 31, 2026
Net income margin11.1%
Estimated interest (income) expense, net1.0%
Estimated income tax expense3.5%
Estimated stock-based compensation expense1.9%
Estimated amortization of acquired intangible assets0.2%
Estimated foreign exchange (gain)/loss
(0.2)%
Adjusted income from operations margin17.7%


Reconciliation of Outlook for Income from Operations Margin to Adjusted Income from
Operations Margin7

Year ending December 31, 2026
Income from operations margin15.2%
Estimated stock-based compensation expense1.9%
Estimated amortization of acquired intangible assets0.2%
Estimated other income (expense), net0.3%
Adjusted income from operations margin17.7%

Reconciliation of Outlook for Diluted EPS to Adjusted Diluted EPS7
(Per share data)

Year ending December 31, 2026
Diluted EPS$3.51 
Estimated stock-based compensation expense
0.60
Estimated amortization of acquired intangible assets0.08
Estimated tax impact on stock-based compensation expense(0.09)
Estimated tax impact on amortization of acquired intangible assets(0.02)
Adjusted diluted EPS$4.09 





7 Due to rounding, the numbers presented in this table may not add up precisely to the totals provided.


The following tables show the reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures for the quarter ending September 30, 2026:

Reconciliation of Outlook for Net Income Margin to Adjusted Income from Operations Margin8

Quarter ending September 30, 2026
Net income margin11.0%
Estimated interest (income) expense, net1.1%
Estimated income tax expense3.5%
Estimated stock-based compensation expense2.0%
Estimated amortization of acquired intangible assets
0.2%
Estimated foreign exchange (gain)/loss
0.0%
Adjusted income from operations margin17.8%


Reconciliation of Outlook for Income from Operations Margin to Adjusted Income from
Operations Margin8

Quarter ending September 30, 2026
Income from operations margin15.3%
Estimated stock-based compensation expense2.0%
Estimated amortization of acquired intangible assets0.2%
Estimated other income (expense), net0.3%
Adjusted income from operations margin17.8%
Reconciliation of Outlook for Diluted EPS to Adjusted Diluted EPS8
(Per share data)

Quarter ending September 30, 2026
LowerUpper
Diluted EPS$0.89 $0.90 
Estimated stock-based compensation expense0.160.16
Estimated amortization of acquired intangible assets
0.02
0.02
Estimated tax impact on stock-based compensation expense(0.02)(0.02)
Estimated tax impact on amortization of acquired intangible assets
(0.00)
(0.00)
Adjusted diluted EPS$1.04 $1.05 
8 Due to rounding, the numbers presented in this table may not add up precisely to the totals provided.


Net Revenues from Advanced Technology Solutions and Core Business Services9
(In thousands)

Three months endedSix months ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Advanced Technology Solutions$363,323 $292,655 $708,552 $570,282 
Core Business Services980,115 961,763 1,930,958 1,899,062 
Total$1,343,438 $1,254,418 $2,639,510 $2,469,344 
9 Due to rounding, the numbers presented in this table may not add up precisely to the totals provided.