Descartes Posts 12% Revenue Growth to $729M, EPS $1.87
Descartes delivered FY26 revenues of $729.0 million, up 12% year-over-year, with services revenues of $677.2 million up 15% and operating cash flow rising 21% to $266.2 million. Net income grew 14% to $163.8 million, and diluted EPS increased 14% to $1.87 on record Adjusted EBITDA of $329.5 million.
1. FY26 Financial Performance
Descartes recorded FY26 revenues of $729.0 million, a 12% increase from FY25, driven by a 15% jump in services revenue to $677.2 million. Operating cash flow climbed 21% to $266.2 million, net income rose 14% to $163.8 million, and adjusted EBITDA reached $329.5 million (45% of revenues).
2. Q4FY26 Highlights
In Q4FY26, revenue hit $192.8 million, up 15% year-over-year and 3% sequentially, with services revenue of $180.1 million. Operating income increased 25% to $59.0 million, net income rose 22% to $45.6 million, and diluted EPS grew 21% to $0.52, while adjusted EBITDA reached $88.7 million (46% margin).
3. Market and Strategic Context
Management highlighted ongoing tariff uncertainties and geopolitical shifts impacting global supply chains, noting Descartes’ Global Logistics Network as a critical data and AI-driven decision platform for shippers, carriers and logistics providers navigating complex pricing, planning and execution challenges.