Genpact Reports $1.296 Billion Revenue with 6.7% Year-Over-Year Growth in Q1 2026

Genpact Limited reported a net revenue of $1.296 billion for the first quarter of 2026, reflecting a 6.7% increase from $1.215 billion in the same period of the previous year. The growth was primarily driven by a 24.3% increase in revenues from Advanced Technology Solutions, which reached $345.2 million, while Core Business Services saw a modest rise of 1.4% to $950.8 million. The company's gross profit also improved, rising to $471.7 million, resulting in a gross margin of 36.4%, up from 35.3% in the prior year.

In terms of profitability, Genpact's net income increased by 13.1% to $148 million, compared to $130.9 million in the first quarter of 2025. This growth in net income was supported by a slight increase in income from operations, which rose to $198.6 million, or 15.3% of net revenues, up from 15.1% a year earlier. The company also reported a decrease in its effective tax rate to 23.7% from 25.3%, attributed to optimization of intercompany financing and a favorable mix of pre-tax income.

Operationally, Genpact's employee headcount increased by 1.8% to approximately 145,500, reflecting the company's ongoing investment in its workforce to support growth. The company also made strategic moves, including the acquisition of XponentL Data, Inc. in June 2025, which enhanced its capabilities in data strategy and engineering. The acquisition contributed to the company's focus on advanced technology solutions, aligning with its strategic priorities.

On the balance sheet, total assets decreased to $5.617 billion as of March 31, 2026, down from $5.843 billion at the end of 2025. This decline was primarily due to a reduction in cash and cash equivalents, which fell to $578.1 million from $853.8 million. Total liabilities also decreased to $3.142 billion, leading to a reduction in total equity to $2.475 billion. The company continued its share repurchase program, buying back 1.812 million shares at an average price of $38.61 per share during the quarter.

Looking ahead, Genpact remains optimistic about its growth trajectory, particularly in the Advanced Technology Solutions segment, which is expected to drive future revenues. The company anticipates that its cash from operations, along with existing cash reserves and debt capacity, will be sufficient to finance operations, growth initiatives, and shareholder returns, including dividends and share repurchases.