Temenos announces strong preliminary Q4 and FY-25 results
Q4 and FY-25 summary (growth rates are vs. Q4 and FY-24 proforma, excluding Multifonds)
- Q4-25 ARR of USD 860m, up 12% y-o-y c.c.
- Non-IFRS subscription and SaaS up 5% c.c. in Q4-25 and 9% c.c. in FY-25
- Non-IFRS maintenance up 15% c.c. in Q4-25 and 12% c.c. in FY-25
- Non-IFRS total revenue up 9% c.c. in Q4-25 and 10% c.c. in FY-25
- Non-IFRS EBIT up 13% c.c. in Q4-25 and 21% in FY-25 with 3 points of margin expansion
- Free cash flow (FCF) up 17% reported in Q4-25, and up 15% reported for FY-25 FCF at USD 256m
Ad hoc announcement pursuant to Art. 53 LR
GRAND-LANCY, Switzerland, January 15, 2026 – Temenos AG (SIX: TEMN), a global leader in banking technology, today announces its preliminary fourth quarter and full year 2025 results. This press release and all information herein is preliminary and unaudited.
Annual Recurring Revenue (ARR)
Income statement and free cash flow
Note: This press release and all information herein is preliminary and unaudited. Proforma excludes Multifonds in previous quarters. The sale of Multifonds was completed in Q2-25. The definition of non-IFRS adjustments is provided below. * Constant currency (c.c.) adjusts prior year for movements in currencies
Business update
- Strong Q4 and FY-25 performance across all key metrics
- Sales environment remained stable
- Good number of new logos signed and strong traction with existing customers
- Very strong maintenance growth driven by premium maintenance signings
- Continued investing across the business in sales and product
- FY-26 guidance will be provided with the release of full Q4 and FY-25 results on 24th February 2026, after market close
Commenting on the results, Temenos CEO and Interim Chief Financial Officer, Takis Spiliopoulos said:
“The business performed strongly in Q4-25, continuing the good momentum of the prior quarters, which enabled us to deliver growth at or above guidance across all metrics for the full year. I was particularly pleased with our ARR growth of 12% and our FCF growth of 15%, two key metrics for our business.
We have also delivered above-market growth in product revenue in this first year of our strategic roadmap to FY-28.
We invested across the business in the fourth quarter and this will continue in 2026 to ensure we are properly resourced to deliver on our growth ambitions. Our costs grew in line with our expectations in the quarter and this, combined with the revenue delivery, translated into strong growth in EBIT.”
Additional information
This press release and all information herein is preliminary and unaudited.
Fourth quarter and full year 2025 results announcement
Temenos’ fourth quarter and full year 2025 results will be announced on Tuesday 24th February, 2026, after market close, and a webcast will be held at 18.30 CET / 17.30 GMT / 12.00 EST on the same day. Registration details for the webcast will be made available shortly.
Any statements about Temenos’ expectations, plans and prospects in this press release constitute forward-looking financial information and represent the Company’s current view and estimates as of January 15, 2026. We anticipate that subsequent events and developments may cause the Company’s guidance and estimates to change. Future events are inherently difficult to predict. Accordingly, actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of factors. More information about factors that potentially could affect the Company’s financial results is included in its annual report available on the Company’s website.
Non-IFRS financial information
Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. The Company’s non-IFRS figures exclude share-based payments and related social charges costs, any deferred revenue write-down resulting from acquisitions, discontinued activities that do not qualify as such under IFRS, gain/loss from business disposals, acquisition/investment/carve out related charges such as financing costs, advisory fees and integration costs and fair value changes on investments, charges as a result of the amortization of acquired intangibles, costs incurred in connection with a restructuring program or other organizational transformation activities planned and controlled by management, and adjustments made to reflect the associated tax charge relating to the above items.
Investor and media contacts
Investors
Adam Snyder
Director of Corporate Affairs, Temenos
Email: [email protected]
Tel: +44 207 423 3945
International media
Conor McClafferty
FGS Global on behalf of Temenos
Email: [email protected]
Tel: +44 7920 087 914
Swiss media
Martin Meier-Pfister
IRF on behalf of Temenos
Email: [email protected]
Tel: +41 43 244 81 40