NASDAQ$DOX
Amdocs Ltd · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Amdocs reported solid financial results for the third quarter of fiscal 2025, with revenue exceeding guidance and strong performance in managed services and Europe.
Amdocs delivered robust third-quarter fiscal 2025 results, with revenue reaching $1.14 billion, surpassing the midpoint of its guidance. The company saw record revenue in Europe and achieved a record performance in managed services, which accounted for approximately 67% of total revenue. GAAP diluted EPS was $1.39, and non-GAAP diluted EPS was $1.72, both exceeding guidance ranges. Operating income and free cash flow also showed strong year-over-year growth.
- Revenue for Q3 Fiscal 2025 was $1.144 billion, exceeding the midpoint of guidance, despite an 8.4% year-over-year decrease as reported due to the phase-out of certain business activities.
- Managed services revenue reached a record $771 million, representing approximately 67% of total revenue and growing 4.1% year-over-year.
- GAAP diluted EPS was $1.39 and non-GAAP diluted EPS was $1.72, both above their respective guidance ranges, reflecting enhanced profitability.
- The 12-month backlog stood at $4.15 billion, showing a 3.0% year-over-year increase on a pro forma basis, indicating a healthy pipeline of opportunities.
Headline financials
Revenue & EPS history
Amdocs · Revenue · Quarterly
$1.14B
Revenue by segment
Amdocs · $718M total across 1 segment · Q4 2023
- Managed Services$718M+0.5%100.0%
Forward guidance
Amdocs expects fiscal year 2025 revenue to be between (10.0)% and (9.0)% year-over-year as reported, and 2.4% to 3.4% year-over-year in pro forma constant currency. The company reiterates its target for double-digit total shareholder returns for fiscal 2025 and anticipates full-year free cash flow between $710 million and $730 million.
Tailwinds
- Reiterated target for double-digit total shareholder returns for fiscal 2025.
- Improved fiscal 2025 revenue growth outlook in pro forma constant currency to 2.4%-3.4%.
- Anticipated full year fiscal 2025 free cash flow of $710-$730 million, consistent with previous guidance.
- Expected double-digit growth target in cloud for the current fiscal year.
- Non-GAAP diluted EPS growth for FY2025 is expected to be 8.0%-9.0%.
Headwinds
- Fiscal 2025 revenue outlook as reported is a decline of (10.0)%-(9.0)% year-over-year.
- Uncertain macroeconomic environment could impact customer spending behavior.
- Market dynamics continue to shift rapidly, making future outcomes unpredictable.
- Potential impacts from geopolitical events, inflationary environment, and changes to trade policies.
- Risks associated with current and potential customer consolidation or other strategic corporate activities.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
+0.6%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+0.7%
Avg return
30 days after
58%
41 / 71 earnings
Positive
+13.3%
Q2 2019
Best reaction
-7.8%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +1.8% | +1.2% | -8.9% | |
| Q1 2026 | +3.1% | -1.5% | -5.2% | |
| Q3 2025 | +5.1% | +2.2% | +1.7% | |
| Q2 2025 | +3.7% | +2.0% | +3.3% | |
| Q1 2025 | +1.5% | -1.2% | +4.1% | |
| Q4 2024 | -5.5% | -9.6% | -4.8% | |
| Q3 2024 | +1.9% | -0.6% | +3.1% | |
| Q2 2024 | -3.9% | -1.2% | -10.1% | |
| Q1 2024 | -1.4% | -2.7% | +1.4% | |
| Q4 2023 | -5.0% | -3.5% | +2.3% | |
| Q3 2023 | -5.6% | -5.2% | -4.6% | |
| Q2 2023 | +0.5% | +2.5% | +6.2% | |
| Q1 2023 | +6.4% | +1.8% | +0.6% | |
| Q4 2022 | +0.9% | +2.1% | +9.7% | |
| Q3 2022 | +2.2% | +1.6% | -2.2% | |
| Q2 2022 | +6.4% | +6.9% | +5.0% | |
| Q1 2022 | +2.8% | +1.7% | +6.2% | |
| Q4 2021 | -5.1% | -3.1% | -9.7% | |
| Q3 2021 | -0.3% | -0.9% | +2.6% | |
| Q2 2021 | +1.1% | +4.4% | +8.1% | |
| Q1 2021 | +3.3% | +3.5% | +5.3% | |
| Q4 2020 | +4.6% | +5.6% | +9.4% | |
| Q3 2020 | -0.3% | +0.6% | -5.3% | |
| Q2 2020 | -0.5% | -2.4% | -0.7% | |
| Q1 2020 | +4.8% | +1.7% | -9.5% | |
| Q4 2019 | +1.9% | +2.5% | +4.7% | |
| Q3 2019 | +4.3% | +3.5% | +6.8% | |
| Q2 2019 | +13.3% | +14.0% | +14.1% | |
| Q1 2019 | -1.9% | -1.4% | -3.6% | |
| Q4 2018 | +3.8% | +3.1% | -6.3% | |
| Q3 2018 | -2.3% | -4.8% | -3.2% | |
| Q2 2018 | -2.4% | -3.1% | +1.7% | |
| Q1 2018 | -1.8% | -3.1% | -6.4% | |
| Q4 2017 | -1.5% | -0.7% | +3.5% | |
| Q3 2017 | -2.0% | -2.4% | -3.9% | |
| Q2 2017 | +2.5% | +1.9% | +5.1% | |
| Q1 2017 | +0.8% | +0.5% | +5.0% | |
| Q4 2016 | -3.7% | -0.5% | +1.1% | |
| Q3 2016 | -0.8% | +0.1% | +2.3% | |
| Q2 2016 | -1.7% | — | — | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | -7.8% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | -0.6% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | +1.4% | — | — | |
| Q3 2014 | -3.1% | — | — | |
| Q2 2014 | +2.5% | — | — | |
| Q1 2014 | +3.7% | — | — | |
| Q4 2013 | +3.0% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2012 | +0.6% | — | — | |
| Q3 2012 | +1.8% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q2 2009 | +0.4% | — | — | |
| Q1 2009 | +0.4% | — | — | |
| Q4 2010 | +0.4% | — | — | |
| Q3 2010 | +0.4% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q3 2009 | +0.4% | — | — | |
| Q4 2008 | -1.1% | — | — | |
| Q4 2009 | -1.1% | — | — | |
| Q4 2007 | -1.1% | — | — |
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