Descartes Systems Group Inc · Q4 2026 earnings

Briefing

Descartes Q4 FY26: revenue up 15% to $192.8M with record annual results

The Descartes Systems Group reported fiscal 2026 fourth quarter revenue of $192.8 million, up 15% from $167.5 million a year ago and up 3% sequentially, with services revenue of $180.1 million driving the growth. Q4 income from operations rose 25% to $59.0 million and net income increased 22% to $45.6 million, or $0.52 diluted EPS. For the full fiscal year ended January 31, 2026, Descartes posted record revenue of $729.0 million (+12%), operating income of $210.0 million (+16%), net income of $163.8 million (+14%), and diluted EPS of $1.87. Adjusted EBITDA reached $88.7 million in Q4 and $329.5 million for the year, while cash from operating activities totaled $266.2 million. CEO Edward Ryan cited tariff uncertainty and geopolitical supply-chain disruption as tailwinds for demand for Descartes' Global Logistics Network data and AI solutions.

• Q4 FY26 revenue of $192.8M (+15% YoY) and full-year revenue of $729.0M (+12%) both set records.
• Q4 diluted EPS was $0.52 (+21% YoY); full-year diluted EPS was $1.87 (+14%) with net income of $163.8M.
• Adjusted EBITDA was $88.7M in Q4 (46% margin) and $329.5M for FY26 (45% margin).
• Cash from operating activities totaled $75.9M in Q4 and $266.2M for the year; cash ended at $356.5M.
• Descartes completed the OrderMine acquisition on March 11, 2026 and appointed Edward Gardner as CFO effective March 12.

Headline financials

Revenue & EPS history