Constellation Software Q3 2025 earnings: Revenue up 16 per cent | 2025-11-10 | Investing News

• Constellation Software Inc. (TSX:CSU) Q3 revenue rose 16 per cent to C$2.95B, driven by acquisitions and 5 per cent organic growth; year-to-date revenue up 15 per cent to C$8.45 billion
• Net income for Q3 was C$210 million (C$9.89 per diluted share), up from C$164 million last year; nine-month net income fell to C$402 million from C$446 million in 2024
• Cash flow from operations jumped 33 per cent to C$685 million and free cash flow available to shareholders surged 46 per cent to C$529 million; company declared a $1.00 per share dividend
• Constellation Software stock (TSX:CSU) last traded at C$3,385.76

Constellation Software (TSX:CSU) announced its financial results for the third quarter ended September 30, 2025, posting solid revenue growth and improved profitability, while declaring a quarterly dividend of C$1.00 per share.

Revenue growth driven by acquisitions and organic expansion

In a media statement, the company explained that total revenue for the quarter reached C$2,948 million, up 16 per cent or C$407 million from C$2,541 million in the same period last year. For the first nine months of 2025, revenue climbed to C$8,446 million, a 15 per cent increase compared to C$7,363 million in 2024. The company attributed the gains primarily to growth from acquisitions, with organic growth contributing 5 per cent for the quarter and 3 per cent year-to-date (3 per cent and 3 per cent respectively after adjusting for currency fluctuations).

Earnings performance

Net income attributable to common shareholders for Q3 was C$210 million, up from C$164 million a year earlier. Diluted earnings per share rose to C$9.89 from C$7.74 in the prior-year quarter. For the nine-month period, net income totalled C$402 million or C$18.96 per diluted share, compared to C$446 million or C$21.04 per share in 2024.

Cash flow strength

Cash flow from operations surged 33 per cent in the quarter to C$685 million, while free cash flow available to shareholders (FCFA2S) jumped 46 per cent to C$529 million. Year-to-date, cash flow increased 28 per cent to C$1.9 million, and free cash rose 27 per cent to C$1.2 million.

About Constellation Software

Constellation Software acquires, manages and builds vertical market software businesses.

Constellation Software stock (TSX:CSU) last traded at C$3,385.76 and has lost 23.83 per cent since the year began.

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