Constellation Software Inc. Announces Results for the Third Quarter Ended September 30, 2025 and Declares Quarterly Dividend

Executive Summary

• Constellation Software reported Q3 2025 revenue of $2,948 M, up 16% YoY (5% organic), and net income of $210 M, a 28% increase, translating to $9.89 diluted EPS.
• The company declared a $1.00 per share eligible dividend payable on January 12 2026 (record date Dec 19 2025).
• Acquisitions during the quarter totaled $281 M cash consideration (including acquired cash) with deferred payments valued at $134 M, for an aggregate purchase price of $415 M.

Key Details

• Revenue: $2,948 M (Q3 2025) vs. $2,541 M (Q3 2024); 9‑month revenue $8,446 M vs. $7,363 M prior year.
• Organic Growth: 5% YoY (3% after FX adjustment).
• Net Income: $210 M (Q3) vs. $164 M (Q3 2024); diluted EPS $9.89 vs. $7.74.
• Cash Flow from Operations: $685 M, up 33% YoY (+$168 M).
• Free Cash Flow to Shareholders (FCFA²S): $529 M, up 46% YoY (+$167 M).
• Acquisition Activity:
• Total cash consideration $281 M (includes cash on balance of targets).
• Deferred payment obligations estimated at $134 M → total purchase price $415 M.
• Dividend: $1.00 per common share, eligible dividend under the Canadian Income Tax Act; payable Jan 12 2026 to shareholders of record Dec 19 2025.
• Balance Sheet Highlights (Sept 30 2025):
• Cash & restricted cash: $2,770 M (up from $2,069 M).
• Total assets: $15,326 M vs. $12,849 M year‑end 2024.
• Debt with recourse: $565 M; without recourse: $578 M.
• Financing Activity: Net cash from financing $147 M (Q3) after dividend payments and debt repayments.
• Investing Activity: Acquisitions net cash outflow $281 M (Q3).

Notable Quotes

(No direct CEO/President quotes were included in the release.)