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TCS Q4 Results 2026 LIVE: Tata Consultancy Services (TCS), the largest software service exporter in India, announced its results for the fourth quarter of the financial year today, April 9.

The IT major beat expectations as its revenue jumped 9.6% year-on-year to ₹70,698 crore for the quarter ended March 2026. Meanwhile, the profit rose 12% YoY to ₹13,718 crore.

TCS board also approved a final dividend with the Q4 results of ₹31 per share. The company said the dividend will be paid on the third day following the conclusion of the 31st Annual General Meeting, subject to approval of the shareholders of the company.

According to the press release, TCS headcount at the end of FY26 stood at 584,519, slightly higher than 582,163 in the preceding December quarter. Meanwhile, attrition rose to 13.7% from 13.5%, up 20 bps QoQ, according to a CNBC TV-18 report.

The company said wage hike has been implemented across all grades effective 1st April.

Stay tuned to this segment for the latest updates on TCS Q4 results today.

As of 31st March 2026, TCS has filed 9,596 patents cumulatively, of which 5,500 have been granted. This includes 1,833 patents filed for AI-led Inventions, of which 573 patents have been granted.

The North American market saw a growth of 1.4% QoQ and 2.5% YoY in CC terms for the fourth quarter of FY26. Meanwhile, on full financial year basis, the growth was flat at 0.2% YoY.

Technology & services, along with energy and utilities witnessed the strongest growth. Communications and regional markets performance was impacted.

In dollar terms, TCS said its revenue came in at $30,017 in FY26 as against $30,179 in the same period last year, recording a marginal decline. In constant currency terms, the figure was at down 2.4%.

Meanwhile, for Q4, the figure stood at $7621 million, higher than $7465 million in the same period last year and $7509 million in the preceding December quarter. In CC terms, the figure was up 1.2% QoQ.

Aarthi Subramanian, Executive Director - President and Chief Operating Officer, said FY26 marked a pivotal year for enterprise AI adoption.

In Q4, our annualised AI revenues surpassed $2.3 billion, driven by the accelerated deployment of AI solutions.

"We experienced strong deal momentum across new services in Enterprise Transformation, Digital Engineering, and Cloud Modernization. Our investment in HyperVault was a catalyst in forging strategic partnerships with OpenAI, AMD and ABB, further strengthening our positioning across Infrastructure-to-Intelligence.”

Sudeep Kunnumal, Chief HR Officer, said “We are pleased to implement annual salary increases across all grades effective 1st April. In Q4, we continued to invest in a future‑ready workforce with strong additions across experienced talent and campus hires. Building an AI‑first culture and equipping our people with AI‑ready skills remained a key priority in FY26 and will continue into FY27, as we align closely with our customers’ evolving needs.”

According to media reports, TCS' Q4 attrition rose by 20 bps to 13.7% from 13.5% QoQ.

The employee headcount for TCS at the end of FY26 was 584,519, marginally higher than the global headcount of 582,163 in Q3FY26.

K Krithivasan, Chief Executive Officer and Managing Director, said “We are pleased to report the third consecutive quarter of sequential growth, supported by three mega deals and a $12 billion TCV, underscoring the strength of our five pillar strategy and our AI led positioning across services. It is equally encouraging that this momentum was broad based across major markets and most industries. While the macro-economic headwinds continue, we see sustained customer conviction in technology investments, which positions us well for the opportunities ahead.”

The company recorded strong client additions across different deal sizes.

Strong TCV performance at $40.7 billion for FY26 and at $12 billion for Q4, among the highest TCV ever; with 3 mega deals for the quarter and 5 mega deals for the year.

TCS, in its press release, said that its operating margin was higher by 1 bps QoQ to 25.3% in Q4. For the full financial year, operating margin was at 25%, up 70 bps and the best ever in four years.

On a quarter-on-quarter basis, the company's revenue was higher by 5.4%, with the growth led by the North American and UK markets. Meanwhile, the profit rose 28.72% QoQ due to lower base last quarter, impacted by new labour code norms.

TCS board has recommended a final dividend of ₹31/share of ₹1 each of the Company, which shall be paid on the third day from the conclusion of the 31st Annual General Meeting, subject to approval of the shareholders of the company.

TCS posted a consolidated revenue growth of 9.6% year-on-year to ₹70,698 crore during Q4FY26. Revenue was at ₹64,479 crore in the same period last year.

TCS posted a 12.22% rise in its consolidated net profit for Q4 FY26 at ₹13,718 crore as against ₹12,224 crore posted in the same period last year.

TCS shares ended higher on Thursday, April 9, ahead of the Q4 results announcement. The stock closed the session 1.18% higher at ₹2589.95 on the BSE even as the benchmark index faced sharp cut of over 1% today, suggesting optimism around the company's Q4 performance.

Kotak Institutional Equities expects deal TCV of $9-10 billion, down on YoY comparison. Note that the base quarter had benefit of a large deal renewal. Deal TCV will likely decline 22% YoY and stable on QoQ basis. There was no mega-deal closure in the quarter.

TCS board will also consider and recommend a final dividend for FY26 along with its Q4 results. TCS has declared 93 dividends since October 2004, according to Trendlyne data. In the last one year, it has announced dividends amounting to ₹109 per share. At the prevailing level, TCS' dividend yield is 4.26%.

During the last quarter earnings announcement, the TCS board had declared a dividend of ₹57 per share, which included an interim dividend of ₹11 and a special dividend of ₹46.

Dhanshree Jadhav, Analyst - Technology at Choice Institutional Equities, expects TCS to report 0.7% quarter-on-quarter (QoQ) revenue growth in US dollars (3% in INR), driven by continued traction in its AI-led enterprise transformation initiatives.

TCS has further strengthened its AI positioning through its partnership with OpenAI, aimed at enabling industry-specific agentic AI solutions and joint go-to-market execution. The company’s AI portfolio has reached an annualised run-rate of $1.8 billion, growing 17.3% QoQ in constant currency. Margins may remain broadly stable at 25.3%, with the company continuing to focus on productivity levers and workforce restructuring initiatives to support operational efficiency, Jadhav said.

Investor should focus on progress in agentic AI in the past three months and whether than leads to change in AI deflation assumption; timeframe for convergence of growth with peers and that the factors that may drive the same; impact of GCC ramp-up on growth of companies and GCC as a growth lever; progress on planned data center investments; areas of strategic importance for inorganic investments, especially after a couple of acquisitions in the past two quarters; and margin aspirations in light of elevated competitive intensity, according to Kotak Equities.

TCS’ deal TCV is expected to fall to $9-10 billion. It is to be noted that the base quarter had the benefit of a large deal renewal. Deal TCV will likely decline 22% YoY and be stable on a QoQ basis, as there was no mega-deal closure in the quarter. Focus will be on the company’s renewed aggression and investments to accelerate growth.

TCS is expected to post ~1.5% QoQ CC revenue growth, with international business also growing ~1.5%. Inorganic contribution from Coastal Cloud (2-month impact in 4Q) is likely around 0.3%. Deal pipeline should remain healthy; comments on demand, tech budgets, AI data centers, BFSI and deal wins will be key. We expect EBIT margin to remain stable QoQ, with some currency support as wage headwinds are absorbed and one-offs are behind. Recent acquisitions (ListEngage, Coastal Cloud) should support near-term growth; synergies will be key to track, said brokerage firm Motilal Oswal.

TCS is expected to report a net profit of ₹13,736 crore in Q4FY26, registering a growth of 2.1% from ₹13,457 crore, QoQ. Revenue is estimated to grow 5.1% to ₹70,481 crore from ₹67,087 crore, QoQ, while USD revenue may increase 1.7% to $7,635 million from $7,509 million, QoQ, according to estimates by ICICI Securities.

EBIT is expected to grow 5% to ₹17,740 crore from ₹16,889 crore, while EBIT margin is seen flat at 25.2%, sequentially.

Axis Securities expects TCS’ Q4 revenue to grow by 2.6% QoQ, led by growth in BFSI, Hitech, and cross-currency tailwinds. Margins are likely to improve by 23 bps QoQ. Key things to watch out for in TCS Q4 results today include deal pipeline, vertical commentary, and outlook on FY27.

TCS is expected to report revenue growth of 1.5% to $7,623 million from $7,509 million, QoQ, as per Kotak Institutional Equities. It forecasts 1.2% growth in constant currency (cc) terms contributed by 0.8% on organic basis and 40 bps contribution from Coastal cloud acquisition. It expects international business to grow faster and believes that India business will decline marginally.

Brokerage firm Nuvama Institutional Equities expects TCS to deliver +1.2% QoQ CC and 1.7% USD revenue growth. It expects growth to be broad-based across developed markets and RoW, with BSNL extension deal yet to start. TCS margins are likely to remain flat QoQ led by forex tailwinds, partly offset by reinvestments and higher variable pay provisioning.

Analysts expect TCS to report topline growth of 2.6% sequentially in Q4FY26, led by growth in BFSI, Hi-tech, and cross-currency tailwinds. EBIT margins are likely to improve by 23 bps quarter-on-quarter (QoQ). Net profit of TCS in Q4FY26 is expected to rise over 2% QoQ.

TCS share price traded over a percent higher on Thursday, ahead of the announcement of its Q4 results today. TCS share price opened flat at ₹2,559.75 apiece as against its previous close of ₹2,559.80 apiece on the BSE. The IT stock rallied as much as 1.51% to ₹2,598.60 apiece on the BSE.

TCS is estimated to see a decent revenue growth along with improvement in margins, supported by depreciation in the Indian rupee. Net profit of the IT heavyweight is also expected to rise.

The Indian IT sector is expected to see subdued earnings growth during the fourth quarter of FY26, reflecting the current challenging environment marked by multiple uncertainties. While the March quarter benefits from the absence of furloughs, particularly in BFSI and retail, this is partly offset by a lower number of working days.

Tata Consultancy Services (TCS), the largest software service exporter in India, is set to announce its Q4 results today. The IT bellwether will also declare its earnings for the full year FY26 today, 9 April 2026.Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.

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