NYSE$GIB
CGI Group · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
CGI Q2 revenue tops $4B with bookings at 111% of revenue
CGI reported fiscal Q2 2025 revenue of $4.02 billion, up 7.6% year over year (3.3% in constant currency), with net earnings of $429.7 million and diluted EPS of $1.89 (+3.3%). Adjusted net earnings rose 4.6% to $480.7 million with adjusted diluted EPS of $2.12 (+7.6%). Adjusted EBIT was $665.7 million for a 16.5% margin. Bookings of $4.48 billion produced a 111.5% book-to-bill ratio, lifting backlog to $30.99 billion (2.0x annual revenue). Cash from operations was $438.2 million (10.9% of revenue). The company expanded its restructuring program, incurring $44.2 million in Q2 costs with an additional $137.0 million expected over coming quarters, primarily in Continental Europe.
- Revenue $4.02B (+7.6% YoY, +3.3% constant currency); diluted EPS $1.89 (+3.3%)
- Adjusted diluted EPS $2.12 (+7.6%); adjusted EBIT margin 16.5%
- Bookings $4.48B for 111.5% book-to-bill; backlog $30.99B (2.0x annual revenue)
- Cash from operations $438.2M (10.9% of revenue); ~94,000 consultants worldwide
- Restructuring scope expanded; $44.2M Q2 costs with $137.0M more expected
Headline financials
Revenue & EPS history
CGI · Revenue · Quarterly
C$4.02B
Revenue by segment
CGI · C$3.6B total across 8 segments · Q3 2025
- Western and Southern EuropeC$670M—18.6%
- U.S. Commercial and State GovernmentC$645M—17.9%
- Scandinavia, Northwest and Central-East EuropeC$571M—15.8%
- U.S. FederalC$558M—15.5%
- CanadaC$440M—12.2%
- Finland, Poland and BalticsC$255M—7.1%
- GermanyC$236M—6.6%
- United Kingdom and AustraliaC$227M—6.3%
Forward guidance
CGI did not issue specific forward revenue or EPS targets in the Q2 release but highlighted expanded restructuring in Continental Europe and continued capital deployment via $344.6M in share buybacks and $1.56B in acquisitions during the quarter.
Tailwinds
- Strong bookings momentum with backlog at 2.0x annual revenue
- Disciplined profitable growth strategy delivering mid-single-digit constant-currency growth
Headwinds
- EBIT and net earnings margins compressed 30–90 bps year over year
- Expanded restructuring program adds $137M of expected costs over coming quarters
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2025
+1.7%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+0.6%
Avg return
30 days after
65%
39 / 60 earnings
Positive
+18.1%
Q3 2013
Best reaction
-9.3%
Q4 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.2% | -7.8% | -15.0% | |
| Q3 2025 | -2.8% | -2.9% | -2.7% | |
| Q2 2025 | -0.9% | -1.8% | +0.5% | |
| Q1 2025 | +0.1% | +3.2% | -9.5% | |
| Q4 2024 | -0.2% | -0.8% | -0.0% | |
| Q3 2024 | +2.6% | -2.3% | +3.6% | |
| Q2 2024 | +0.9% | +2.5% | -2.2% | |
| Q1 2024 | +3.5% | +0.5% | +4.3% | |
| Q4 2023 | -2.3% | -1.5% | +2.3% | |
| Q3 2023 | -4.3% | -1.2% | -1.3% | |
| Q2 2023 | +3.9% | +5.0% | +6.0% | |
| Q1 2023 | +3.7% | +5.9% | +6.9% | |
| Q4 2022 | +6.1% | +2.6% | +5.7% | |
| Q3 2022 | +2.5% | +3.1% | -3.3% | |
| Q2 2022 | +2.2% | +0.4% | +7.4% | |
| Q1 2022 | +0.2% | +1.3% | -6.2% | |
| Q4 2021 | -3.4% | -4.2% | -7.3% | |
| Q3 2021 | -2.1% | -1.7% | -5.0% | |
| Q2 2021 | +4.6% | +4.6% | +5.2% | |
| Q1 2021 | +3.9% | +2.8% | -3.9% | |
| Q4 2020 | -1.6% | +2.6% | +10.0% | |
| Q3 2020 | +9.0% | +8.9% | +8.8% | |
| Q2 2020 | +4.7% | +3.6% | +4.3% | |
| Q1 2020 | -9.2% | -10.6% | -18.0% | |
| Q4 2019 | +2.4% | +3.2% | +6.8% | |
| Q3 2019 | -2.8% | -6.0% | -1.1% | |
| Q2 2019 | +0.3% | +0.1% | +1.4% | |
| Q1 2019 | +1.7% | +3.9% | +3.5% | |
| Q4 2018 | +3.6% | +0.8% | +3.7% | |
| Q3 2018 | -1.0% | -0.8% | +1.9% | |
| Q2 2018 | +3.1% | +3.7% | +6.7% | |
| Q1 2018 | +3.9% | +0.4% | +3.5% | |
| Q4 2017 | -1.0% | -0.6% | -0.0% | |
| Q3 2017 | -2.8% | -3.3% | -2.9% | |
| Q2 2017 | -1.9% | -1.2% | +4.9% | |
| Q1 2017 | +1.0% | -0.0% | -3.0% | |
| Q4 2016 | +1.4% | -0.4% | -1.9% | |
| Q3 2016 | +9.6% | +8.6% | +9.9% | |
| Q2 2016 | -1.7% | — | — | |
| Q1 2016 | +7.9% | — | — | |
| Q4 2015 | +4.4% | — | — | |
| Q3 2015 | -4.2% | — | — | |
| Q2 2015 | -5.7% | — | — | |
| Q1 2015 | +4.5% | — | — | |
| Q3 2014 | +2.4% | — | — | |
| Q2 2014 | -3.9% | — | — | |
| Q1 2013 | +5.4% | — | — | |
| Q4 2013 | +9.3% | — | — | |
| Q3 2013 | +18.1% | — | — | |
| Q2 2013 | +10.6% | — | — | |
| Q4 2012 | +1.6% | — | — | |
| Q3 2012 | +7.4% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2011 | -3.7% | — | — | |
| Q3 2011 | +3.8% | — | — | |
| Q2 2010 | +3.4% | — | — | |
| Q1 2010 | +9.8% | — | — | |
| Q4 2010 | -9.3% | — | — | |
| Q3 2010 | +2.0% | — | — |
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