Company: G
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001398659-25-000109
Chunk: 11

Company: Genpact LTD
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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 most directly comparable GAAP measure, for the three months ended September 30, 2024 and 2025:

 Three months endedSeptember 30,20242025(dollars in millions)Net income$132.8 $145.8 Foreign exchange gains, net(1.1)(3.7)Interest (income) expense, net12.4 12.8 Income tax expense42.7 43.5 Stock-based compensation expense19.7 22.2 Amortization of acquired intangible assets6.5 8.2 Adjusted income from operations$213.0 $228.9 

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The following table sets forth our AOI by segment for the three months ended September 30, 2024 and 2025: 

Three months endedSeptember 30,Percentage Change Increase/(Decrease)202420252025 vs. 2024(dollars in millions)Financial Services$58.3 $64.0 9.8 %Consumer and Healthcare74.5 72.2 (3.3)%High Tech and Manufacturing81.2 101.2 24.6 %Total reportable segment$214.0 $237.4 11.0 %Unallocated corporate expenses(1.0)(8.5)NM*Adjusted income from operations$213.0 $228.9 7.5 %

*Not Meaningful

AOI of our Financial Services and High Tech and Manufacturing segments increased by 9.8% and 24.6%, respectively, primarily driven by higher revenues and operating efficiency in the third quarter of 2025 compared to the third quarter of 2024. AOI of our Consumer and Healthcare segment decreased by 3.3%, largely driven by investments in additional resources to drive business growth in the third quarter of 2025 compared to the third quarter of 2024. 

AOI for “Unallocated corporate expenses” in the table above primarily represents the adjustment of allowances for credit losses, write-downs of property, plant and equipment and right-of-use assets, and over- or under-absorption of corporate overheads, which are not allocated to any individual segment for management's internal reporting purposes. See Note 18—“Segment reporting” under Part I, Item 1— “Unaudited Consolidated Financial Statements” above.

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Nine Months Ended September 30, 2025 compared to the Nine Months