MUMBAI, April 9, 2026: Tata Consultancy Services (BSE: 532540, NSE: TCS) reported its consolidated financial results according to Ind AS and IFRS, for the quarter and full year ending March 31, 2026.
FY2026: Annual Highlights |
Q4FY26: Quarterly Highlights |
FY26 Shareholder payout of ₹39,571 crore in the form of dividends |
|
*Excludes one-offs
K Krithivasan, Chief Executive Officer and Managing Director, said “We are pleased to report the third consecutive quarter of sequential growth, supported by three mega deals and a $12 billion TCV, underscoring the strength of our five pillar strategy and our AI led positioning across services. It is equally encouraging that this momentum was broad based across major markets and most industries. While the macro-economic headwinds continue, we see sustained customer conviction in technology investments, which positions us well for the opportunities ahead.”
Aarthi Subramanian, Executive Director - President and Chief Operating Officer, said "FY26 marked a pivotal year for enterprise AI adoption. In Q4, our annualized AI revenues surpassed $2.3 billion, driven by the accelerated deployment of AI solutions. We experienced strong deal momentum across new services in Enterprise Transformation, Digital Engineering, and Cloud Modernization. Our investment in HyperVault was a catalyst in forging strategic partnerships with OpenAI, AMD and ABB, further strengthening our positioning across Infrastructure-to-Intelligence.”
Samir Seksaria, Chief Financial Officer, said, “In FY26, we intensified investments through our Build–Partner–Acquire approach, by acquiring Coastal Cloud & List Engage and establishing HyperVault. Even as we scaled our investments in AI‑led growth opportunities, our margins expanded by 70 basis points, reflecting our strong operational rigor. Our solid cash flow and resilient balance sheet position us to advance strategic priorities, pursue timely investments, and maximize growth.”
Sudeep Kunnumal, Chief HR Officer, said “We are pleased to implement annual salary increases across all grades effective 1st April. In Q4, we continued to invest in a future‑ready workforce with strong additions across experienced talent and campus hires. Building an AI‑first culture and equipping our people with AI‑ready skills remained a key priority in FY26 and will continue into FY27, as we align closely with our customers’ evolving needs.”
Q4 and Full Year Segment Highlights
Growth by Domain
Segment |
Q4 FY25 |
Q3 FY26 |
Q4 FY26 |
Q-o-Q CC Growth |
Y-o-Y CC Growth |
FY25 |
FY26 |
YoY CC Growth |
BFSI |
31.2 |
31.9 |
31.6 |
0.1 |
0.4 |
30.9 |
32.0 |
1.0 |
Consumer Business |
15.3 |
15.4 |
15.7 |
2.8 |
0.8 |
15.3 |
15.51 |
-2.0 |
Life Sciences & Healthcare |
10.1 |
10.5 |
10.4 |
0.4 |
3.3 |
10.4 |
10.41 |
-1.8 |
Manufacturing |
8.4 |
8.8 |
8.8 |
1.2 |
3.1 |
8.5 |
8.78 |
-0.2 |
Technology & Services |
8.1 |
8.4 |
8.4 |
1.0 |
2.5 |
8.1 |
8.42 |
2.2 |
Communication & Media |
5.8 |
5.9 |
5.8 |
-0.4 |
-2.1 |
5.9 |
5.83 |
-4.7 |
Energy, Resources and Utilities |
5.7 |
6.0 |
6.3 |
6.1 |
7.3 |
5.7 |
6.03 |
3.1 |
Regional Markets & Others |
15.4 |
13.1 |
13.0 |
1.2 |
-12.8 |
15.2 |
13.07 |
-14.9 |
Total |
100.0 |
100.0 |
100.0 |
1.2 |
-0.6 |
100.0 |
100.0 |
-2.4 |
Growth by Markets
Geography (%) |
Q4 FY25 |
Q3 FY26 |
Q4 FY26 |
Q‑o‑Q CC Growth |
Y‑o‑Y CC Growth |
FY25 |
FY26 |
YoY CC Growth |
Americas |
|
|
|
|
|
|
|
|
North America |
48.2 |
48.5 |
48.5 |
1.4 |
2.5 |
48.2 |
48.6 |
0.2 |
Latin America |
1.8 |
2.0 |
1.9 |
-6.9 |
-2.9 |
1.9 |
1.9 |
0.9 |
Europe |
|
|
|
|
|
|
|
|
UK |
16.8 |
16.9 |
17.2 |
2.4 |
-1.2 |
16.8 |
17.4 |
-1.9 |
Continental Europe |
14.3 |
15.6 |
15.6 |
1.0 |
1.0 |
14.3 |
15.4 |
-0.9 |
Asia Pacific |
8.1 |
8.3 |
8.3 |
-0.5 |
0.4 |
8.0 |
8.3 |
2.4 |
India |
8.4 |
6.1 |
6.0 |
1.7 |
-23.0 |
8.6 |
5.9 |
-28.6 |
MEA |
2.4 |
2.6 |
2.5 |
0.4 |
7.8 |
2.2 |
2.5 |
9.5 |
Total |
100.0 |
100.0 |
100.0 |
1.2 |
-0.6 |
100.0 |
100.0 |
-2.4 |
Key Highlights for the quarter
Partner Speak
“India is already leading the way in AI adoption, and with its talent, ambition, and strong government support, it is well placed to help shape its future. Through OpenAI for India and our partnership with Tata Group, we’re working together to build the infrastructure, skills, and local partnerships needed to build AI with India, for India, and in India, so that more people across the country can access and benefit from it.”
Sam Altman, CEO, OpenAI
“AI adoption is accelerating, and unlocking its potential requires a new scale of high-performance computing and deep collaboration across the industry. AMD is building the open, end-to-end compute foundation that enables AI across the enterprise. Through our work with TCS, we are helping customers translate AI innovation into new growth opportunities across industries.”
Dr. Lisa Su, Chair and Chief Executive Officer, AMD
“AI is transforming how enterprises operate across industries—from manufacturing and telecom to banking and retail. The combination of TCS Rapid Outcome AI integrated with the full-stack NVIDIA AI platform alongside TCS’ deep industry expertise, enables organizations to accelerate the development and deployment of AI applications that deliver new levels of automation and tangible business outcomes.”
John Fanelli, Vice President, Enterprise Software, NVIDIA
"The Center of Excellence is a testament to the strength of our longstanding partnership with TCS. By combining Cisco’s AI-driven technology with TCS’ deep industry expertise, we are empowering our mutual customers to accelerate their journey toward autonomous operations and achieve unprecedented business agility."
Tim Coogan, Senior Vice President, Global Partner Sales, Cisco
“As global enterprises rethink operating models for growth and efficiency, they are looking for partners that can deliver innovation, execution, and governance at scale. Together with TCS, we are helping enterprises move beyond isolated AI experiments by building agentic AI natively into workflows, modernizing legacy environments, and driving measurable business outcomes.”
Amit Zavery, President, Chief Operating Officer and Chief Product Officer, ServiceNow
"This collaboration between TCS and Zscaler represents a partnership dedicated to transforming the future of enterprise digital workspaces. Together, we are empowering organizations to achieve tangible business results by delivering smarter, more resilient digital environments that enhance productivity, improve user experiences, and drive operational success."
Anthony Torsiello, SVP, Global Partner Ecosystems, Zscaler
“Our partnership with TCS focuses on accelerating the deployment of agentic AI where it delivers the most significant value to industrial operations. Through the new Physical AI Gemini Experience Center, we are equipping global manufacturers with the intelligence to build more autonomous, resilient, and data-driven enterprises, allowing them to fully optimize their business models with Google Cloud’s leading technology.”
Saurabh Tiwary, VP and General Manager, Cloud AI, Google Cloud
“Partnering with TCS helps ABB build smarter systems, adapt faster, and scale our innovations globally. India remains an important growth market for us and the renewed partnership will position ABB as one of the key partners for TCS’ ambitious data centre expansion plans.”
Morten Wierod, CEO, ABB
“Leaders in every sector are investing heavily in AI, but many are struggling to demonstrate a return on that investment. Productivity only increases when employees have the skills and confidence to work alongside new technology. By combining Pearson’s expertise in learning and assessment with TCS’ consulting capabilities and global scale, we can help organisations close skills gaps by bringing learning into the flow of work. This enables teams to build skills faster, use AI to solve business challenges, and deliver tangible improvements in productivity.”
Omar Abbosh, CEO, Pearson
Customer Speak
“TCS is one of the world’s largest technology service providers, bringing expertise in travel as part of the Tata Group, which operates several airlines. Our strategic partnership will accelerate the deployment of transformational travel technology for our customers globally, helping them provide an even better retail experience to air travelers. By combining Amadeus’ trusted travel platform with AI-enabled capabilities, we are fostering cross-industry collaboration among suppliers, partners, and customers, we’re excited about this partnership and look forward to working together to improve the travel experience.”
Cyril Tetaz, EVP Airline Solutions, Amadeus
“Our long-standing partnership with TCS has been pivotal in strengthening the digital backbone of our global operations. Together, we have created a strong technology foundation for our global operations, and this renewed partnership will help us continue to innovate at scale and speed, strengthen operational excellence, and support our long‑term growth strategy.”
Dave Lynch, Group CIO, Swissport International Limited
"We are delighted to be working with TCS as we continue our evolution as a business. Strengthening our technology backbone is an ongoing priority and we look forward to collaborating with the TCS team to deliver tangible benefits to our people and, ultimately, our customers and shareholders."
Graham Turner, Chief Executive Officer, Flight Centre Travel Group
Research and Innovation
As of 31st March 2026, the Company has filed 9,596 patents cumulatively, of which 5,500 have been granted. This includes 1,833 patents filed for AI-led Inventions, of which 573 patents have been granted.
Awards and Recognition
IFRS Financial Statements
Consolidated Statements of Comprehensive Income
For the year ended March 31, 2025, and March 31, 2026
(In millions of $, except per share data)
|
Year ended |
Year ended |
Revenue |
30,179 |
30,017 |
Cost of revenue |
18,438 |
17,990 |
Gross margin |
11,741 |
12,027 |
SG & A expenses |
4,393 |
4,517 |
Operating income |
7,348 |
7,510 |
Other income (expense), net |
374 |
400 |
Income before income taxes |
7,722 |
7,910 |
Income taxes |
1,954 |
1,944 |
Income after income taxes |
5,768 |
5,966 |
Non-controlling interests |
29 |
27 |
Net income |
5,739 |
5,938 |
Earnings per share in $ |
1.59 |
1.64 |
*FY26 excludes exceptional items
Consolidated Statements of Comprehensive Income
For the three-month periods ended March 31, 2025, December 31, 2025 and March 31, 2026
(In millions of $, except per share data)
|
Three-month period ended Mar 31, 2025 |
Three-month period ended Dec 31, 2025* |
Three-month period ended Mar 31, 2026 |
Revenue |
7,465 |
7,509 |
7,621 |
Cost of revenue |
4,570 |
4,444 |
4,517 |
Gross margin |
2,895 |
3,065 |
3,104 |
SG & A expenses |
1,088 |
1,176 |
1,177 |
Operating income |
1,807 |
1,889 |
1,927 |
Other income (expense), net |
93 |
103 |
52 |
Income before income taxes |
1,900 |
1,992 |
1,979 |
Income taxes |
475 |
482 |
493 |
Income after income taxes |
1,425 |
1,510 |
1,486 |
Non-controlling interests |
7 |
7 |
7 |
Net income |
1,418 |
1,503 |
1,479 |
Earnings per share in $ |
0.41 |
0.42 |
0.39 |
*Q3 FY26 excludes exceptional items
Consolidated Statements of Financial Position
As of March 31, 2025, and March 31, 2026
(In millions of $)
|
As of March 31, 2025 | As of March 31, 2026 |
Assets |
||
Property and equipment |
1,514 |
1,500 |
Right-of-use Assets |
1,086 |
1,166 |
Intangible assets and Goodwill |
580 |
1,213 |
Accounts Receivable |
5,880 |
6,102 |
Unbilled Revenues |
1,811 |
1,918 |
Invested Funds |
5,526 |
5,287 |
Other current assets |
1,458 |
1,360 |
Other non-current assets |
1,076 |
956 |
Total Assets |
18,931 |
19,502 |
Liabilities and Shareholders' Equity |
||
Shareholders' Funds |
11,337 |
11,559 |
Current liabilities |
6,202 |
6,439 |
Non-current liabilities |
1,270 |
1,371 |
Non-controlling interests |
122 |
133 |
Total Liabilities |
18,931 |
19,502 |
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide. Since its inception in 1968, TCS has upheld the highest standards of innovation, engineering excellence and customer service.
Rooted in the heritage of the Tata Group, TCS is focused on creating long term value for its clients, its investors, its employees, and the community at large. With a highly skilled workforce spread across 55 countries and 202 service delivery centers across the world, the company has been recognized as a top employer in six continents. With the ability to rapidly apply and scale new technologies, the company has built long term partnerships with its clients – helping them emerge as perpetually adaptive enterprises. Many of these relationships have endured into decades and navigated every technology cycle, from mainframes in the 1970s to Artificial Intelligence today.
TCS sponsors 14 of the world’s most prestigious marathons and endurance events, including the TCS New York City Marathon, TCS London Marathon and TCS Sydney Marathon with a focus on promoting health, sustainability, and community empowerment.
TCS generated consolidated revenues of over US$30 billion in the fiscal year ended March 31, 2026. For more information, visit www.tcs.com