Grow Smarter
Scale Faster
Bank Better
Our purpose is to power a world of banking that creates opportunities for everyone.
950+
core banking clients1
600+
digital clients1
90%+
of revenue generated by top 1,000 clients across all products in FY-241
150+
countries in which clients are present1
1 Temenos’ client number disclosure focuses on those clients generating the significant majority of Temenos’ annual revenue, as well as client numbers across its core banking and front office platform, in an effort to best reflect the relevance of Temenos’ client base to its business performance.
Highlights of 2024
Annual Recurring Revenue (USDm)
804.2 +10%
2024: 804.2
2023: 730.0
Subscription revenue (USDm)
193.4 +21%
2024: 193.4
2023: 160.4
SaaS revenue (USDm)
223.1 +9%
2024: 223.1
2023: 205.1
Total software licensing (USDm)
450.5 +2%
2024: 450.5
2023: 443.6
Maintenance (USDm)
464.3 +10%
2024: 464.3
2023: 423.7
Total revenue (USDm)
1,044.1 +4%
2024: 1,044.1
2023: 1,000.2
EBIT (USDm)
354.6 +13%
2024: 354.6
2023: 313.0
EBIT margin (%)
34.0 +3% pts
2024: 34.0
2023: 31.3
Earnings per share (USD)
3.92 +23%
2024: 3.92
2023: 3.19
Free cash flow (USDm, old definition*)
285.0 +17%
2024: 285.0
2023: 242.6
Free cash flow (USDm, new definition*)
243.2 +20%
2024: 243.2
2023: 203.3
Dividend per share (CHF)
1.30 +8%
2024: 1.30
2023: 1.20
* Free cash flow old definition excludes IFRS 16 leases and interest costs, free cash flow new definition includes IFRS 16 leases and interest costs.
Software and products
Temenos banking platform
Digital
Payments
Core
Retail
Business
Commercial
Corporate
Wealth
Embedded AI
SaaS
Cloud
On-premise
Technology & platforms
Banking segments
Main products
Market opportunity
We deliver real and proven value to customers
Mid-tier bank in North America
63%
increase in carbon efficiency
Mid-tier bank in North America
18k
accounts opened in five days
Tier 2 bank in Europe
17%
growth in active mobile app users YoY
Top bank in LATAM
140%
customer growth in six months
Top bank in Africa
47hrs
reduction in payment authorization times
Top thrift bank in Philippines
35%
customer growth in six months
Our strategy
Introducing our Execution engine to drive above-market growth
Build out targeted functionality and architecture to support our three growth levers
Broaden corporate banking functionality and US country model bank
Beach-head in lending and cash management
Focus on digital channels, compliance and payments
Enhance GTM approach by expanding FTE footprint and investing in sales operations and partnerships
Increase sales capacity and effectiveness
Invest in sales operations
Strengthen strategic partnerships and ecosystem
Optimize pricing and packaging
Deliver exceptional customer experience
Enhance integration architecture
Hybrid implementation strategy
Scale our reach through Partners
Optimize operations and support
Drive consistent execution across the organization through key metrics
Lean and fit organization
Process and systems automation
Master data and data accuracy
Product and Technology investment
Build out targeted functionality and architecture to support our three growth levers
Broaden corporate banking functionality and US country model bank
Beach-head in lending and cash management
Focus on digital channels, compliance and payments
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Go To Market (GTM)
Enhance GTM approach by expanding FTE footprint and investing in sales operations and partnerships
Increase sales capacity and effectiveness
Invest in sales operations
Strengthen strategic partnerships and ecosystem
Optimize pricing and packaging
Customer lifecycle
Deliver exceptional customer experience
Enhance integration architecture
Hybrid implementation strategy
Scale our reach through Partners
Optimize operations and support
Operating model
Drive consistent execution across the organization through key metrics
Lean and fit
organization
Process and systems automation
Master data and data accuracy
Statements
Chairman’s statement
“As a Board, we are confident that the new strategy will enable Temenos to capitalize on the growing market demand and deliver significant value for our shareholders and clients.”
Thibault de Tersant
Chairman
CEO’s statement
“Culture will be absolutely key to ensuring our success. We already have strong corporate values, and our Executive Committee and Senior Leadership Team will be at the forefront of driving our new culture of autonomy, accountability and execution focus going forward.”
Jean-Pierre Brulard
Chief Executive Officer
Financial review
“I was particularly pleased with the strong growth in ARR, which grew 10% to reach USD 804 million by the end of the year.”
Panagiotis “Takis” Spiliopoulos
Chief Financial Officer
Sustainability
Innovating with purpose
Our priority areas
For 30+ years, our commitment to the UN SDGs has guided the way we operate internally, innovate and deliver on our business mission. Our corporate responsibility and sustainability strategy focuses on mitigating risks and creating value across priority ESG areas towards five directions:
Achieving Business Excellence
We innovate with purpose, championing client-centered design and support, outstanding business practices and long‑term sustainable value.
Operating Responsibly
We steward stakeholder trust by taking responsibility for our business ethics, procurement and security.
Caring for the Planet
We are committed to aligning our business with the vision of a net‑zero world by collaborating with our stakeholders across the value chain.
Investing in Our People
We strive to create an open, fair, equal opportunity and honest work environment for our people and for the people whom we impact through our work.
Empowering Our Local Economies and Communities
We contribute to a more inclusive world by investing in our local communities, while providing equitable and affordable financial services to all.
Quick links
Grow Smarter
Scale Faster
Bank Better