Financial Results
published on Jul 24, 2025
Report Overview:
Report Outline:
WNS has announced the results for its Q1 FY26, the period ending June 30, 2025.
Q1 FY26:
- Net revenues (revenues less repair payments) were $339.9m, up 8.8% y/y, up 7.1% in CC. Revenue growth driven by new client additions, the expansion of existing relationships, our acquisition of Kipi.ai, was largely offset by headwinds from the loss of a large Healthcare client and lower volumes in the online travel segment and unfavourable currency movements
- EBIT was $33.1m, a margin of 9.7%, down 2.4pts y/y
- AEBIT margin was 13.5%, up 0.6 pts y/y.
Q1 FY26 revenue mix (with approximate net revenue and y/y growth) by service line was:
- Industry specific 43.6% ($148.1m, +14.5%)
- CX services 17.5% ($59.3m, -3.3%)
- F&A 19.2% ($65.4m, +1.1%)
- Research & analytics 14.7% ($49.9m, +23.1%)
- Technology services 4.9% ($16.7m, +4.4%)
- Legal services 0.1% ($0.4m, +4.8%)
- HRO 0%.
Q1 FY26 revenue mix (with approximate net revenue and y/y growth) by sector:
- Travel and leisure 12.4% ($42.1m, -1.4%)
- Insurance 27.6% ($93.8m, +17.2%)
- Healthcare 11.3% ($38.3m, -12.7%)
- Utilities 6.4% ($21.6m, -5.5%)
- Banking & financial services 11.9% ($40.4m, +39.1%)
- Diversified business 13.4% ($45.7m, +3.1%)
- Hi-tech & professional services 8.5% ($28.8m, +19.1%)
- Shipping & logistics 8.6% ($29.3m, +14.9%).
Q1 FY26 revenue mix (with approximate net revenue) by region was:
- North America 48.7% ($165.5m, +11.7%)
- U.K. 24.3% ($82.4m, -2.7%)
- Europe 7.9% ($26.7m, +10.6%)
- South Africa 0.8% ($2.6m, -10.5%)
- Others 18.4% ($62.6m, +19.5%).
WNS added six new clients in the quarter and expanded 28 existing relationships.
Headcount at end March 2025 was 66,085, a net y/y increase of 5,572 (9.2%).
Over the last year, WNS has Increased its headcount in locations including India, Philippines, South Africa.
TTM attrition was 33%, down from 34% last year Q1 FY25.
Revenue per employee in Q1 FY26 was $20,825, marginally up from $20,719 in Q1 FY25.
WNS is not providing FY26 guidance in light of the agreement to be acquired by Capgemini. Previous guidance for FY26 includes net revenues of $1,352m - $1,404m, up 7% to 11% both as reported and in CC.