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Earnings

Descartes Announces Fiscal 2026 Fourth Quarter and Annual Financial Results

By The Northwire Desk — AI Analysis Mar 11, 2026 · 17:00 DSG · 93.8 DESCARTES SYSTEMS GROUP INC. (THE)
DSG · Price

Executive Summary

  • Descartes Systems Group reported FY 2026 revenue of $729.0 M, up 12% YoY, and net income of $163.8 M (+14%).
  • Q4 FY 2026 revenue was $192.8 M (+15% YoY) with EPS of $0.52 (+21% YoY).
  • The company completed the acquisition of OrderMine (Utordo Ltd.) for an upfront cash consideration of ≈ $2.3 M plus up‑to $1.0 M contingent on revenue targets.

Key Details

  • FY 2026 Financial Highlights
  • Revenues: $729.0 M (12% increase); Services revenues: $677.2 M (15% increase).
  • Gross margin: 77% (up from 76%).
  • Cash provided by operating activities: $266.2 M (+21%).
  • Income from operations: $210.0 M (+16%).
  • Net income: $163.8 M (+14%); EPS diluted: $1.87 (+14%).

  • Adjusted EBITDA: $329.5 M (+16%); Adjusted EBITDA margin: 45%.

  • Q4 FY 2026 Financial Highlights

  • Revenues: $192.8 M (+15% YoY, +3% QoQ).
  • Services revenues: $180.1 M (93% of total).
  • Cash provided by operating activities: $75.9 M (+25% YoY).
  • Income from operations: $59.0 M (+25% YoY).
  • Net income: $45.6 M (+22% YoY); EPS diluted: $0.52 (+21%).

  • Adjusted EBITDA: $88.7 M (+18% YoY); margin: 46%.

  • Cash Position

  • Cash at 31 Jan 2026: $356.5 M (up $120.4 M YoY).

  • Net cash change FY 2026: +$77.7 M in Q4, +$120.4 M for the year.

  • Normal Course Issuer Bid (NCIB)

  • Launched 11 Dec 2025; up to ~8.6 M shares may be repurchased by 10 Dec 2026.

  • As of 31 Jan 2026, 10,500 shares repurchased/cancelled at aggregate cost $0.9 M (CAD 1.2 M).

  • Acquisition – OrderMine

  • Completed 11 Mar 2026; purchase price ≈ $2.3 M cash plus contingent consideration up to $1.0 M based on revenue targets over two years.

  • OrderMine provides AI‑powered forecasting and demand‑planning solutions for e‑commerce.

  • CFO Transition

  • Edward Gardner appointed CFO effective 12 Mar 2026, succeeding Allan Brett (who moves to senior advisory role).

  • Conference Call / Webcast

  • Management call scheduled for 5:30 p.m. ET, 11 Mar 2026; replay available until 18 Mar 2026.

Notable Quotes

“Our business performed ahead of our plans for both the fourth quarter and full fiscal year,” – Edward J. Ryan, President & CEO.

All figures are presented in U.S. dollars unless otherwise noted.

Read the original news release →

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