Wavestone reveals modest growth for 2025/26 with an operating margin of 12.6%

For fiscal year 2025/26, Wavestone recorded a 1% increase in revenue, reaching €954.3 million. The last quarter saw organic growth of 2%, driven in particular by the integration of the consulting firm Wivoo. On a like-for-like basis, annual growth remained at 1%.

Despite a solid performance in AI, representing 17% of revenue, the utilization rate of 72% was disappointing, falling short of the forecast of 73%. The average daily rate remained stable at €938, with a slight increase to €947 on a like-for-like basis.

The firm is facing continued client caution in Europe and the Middle East. However, North America continues to perform positively. The recurring operating margin for 2025/26 is expected to be 12.6%, slightly below the initial target of 13%.