DESCARTES SYSTEMS GROUP (DSGX) Company Report

Descartes Systems Group reported Q3 FY26 revenues of $187.7 million, an 11% increase from Q3 FY25, and net income of $43.9 million, up 20% from Q3 FY25. Diluted earnings per share for Q3 FY26 were $0.50, a 19% increase from Q3 FY25.
For the nine-month period ended October 31, 2025 (9MFY26), revenues reached $536.2 million, up 11% from 9MFY25, with net income of $118.2 million, up 12% from 9MFY25. Adjusted EBITDA for 9MFY26 was $240.8 million, a 15% increase from 9MFY25.
The company announced its intention to commence a Normal Course Issuer Bid (NCIB) to repurchase up to 10% of its common shares.
Edward Gardner will succeed Allan Brett as Chief Financial Officer following the filing of the fiscal year ending January 31, 2026, financial statements.
Descartes completed two acquisitions in Q2 and Q3 FY26: PackageRoute for approximately $1.9 million and Finale, Inc. for approximately $39.2 million.

5 days ago

DSGX Reports Record Q3 2026 Results, Announces CFO Transition, and Plans Share Buyback

DSGX

Earnings

CFO Change

Share Buyback

Descartes reported record quarterly revenues of $187.7 million for Q3 2026, an 11% increase from a year ago, and record Adjusted EBITDA of $85.5 million, up 19% year-over-year, with an Adjusted EBITDA margin of 46%.
Services revenue, which constitutes approximately 93% of total revenues, increased 16% to $173.7 million. The company also achieved an estimated organic services growth of around 7% on an FX neutral basis in Q3.
The company emphasized the overwhelmingly positive impact of AI on its business, driving demand for its Global Logistics Network data, enabling new services, and improving operational efficiency. Descartes also noted significant market share gains in areas like Type 86 filings and BIS 50.
Allan Brett will transition from his CFO role to an advisor position in March 2026, with Ed Gardner set to become the new CFO. Additionally, Descartes plans to apply for a Normal Course Issuer Bid to potentially purchase its shares in the open market.

5 days ago

Descartes Reports Record Q3 2026 Results, Highlights AI Impact, and Announces CFO Transition

DSGX

Earnings

CFO Change

Share Buyback

Descartes (DSGX) achieved record Q3 2026 financial results, with total revenues of $187.7 million, up 11% year-over-year, and Adjusted EBITDA growing 19% to a 46% margin.
The company emphasized the positive impact of Artificial Intelligence (AI), which is increasing demand for its data and decision-making tools, enabling new services, and enhancing operational efficiency.
A CFO transition was announced, with Allan Brett planning to retire in March 2026 after 12 years, and Ed Gardner, a long-time colleague, slated to assume the role.
For Q4 2026, Descartes estimates baseline revenues of approximately $161 million and a baseline Adjusted EBITDA of approximately $62.5 million. The company also plans to apply for a Normal Course Issuer Bid for potential share repurchases.