Desjardins announces its results for the first quarter of 2026
Lévis, May 13, 2026 – The results announced today by Desjardins Group give it all the leverage it needs to continue its mission of driving community development and giving its members and clients the support they need to be financially empowered. For the first quarter of 2026, the provision for member dividends totalled $151 million, compared to $113 million for the comparable period of 2025, an increase of 33.6%. Amounts returned in the form of sponsorships, donations and scholarships totalled $31 million, of which $15 million came from the caisses' Community Development Fund.
Desjardins Group recorded surplus earnings before member dividends of $960 million for the first quarter ended March 31, 2026, up $222 million, or 30.1% compared to the same period of 2025. Total net revenue rose by 11.4%, driven in particular by the performance of the Personal and Business Services segment, which benefited from higher net interest income, mainly tied to business growth. The Property and Casualty Insurance segment recorded higher income from automobile and property insurance. As for the Wealth Management and Life and Health Insurance segment, growth in its other income linked to assets under management and under administration was offset by a decrease in net insurance service income.
"These results confirm the strength of Desjardins’s cooperative model and the confidence of its members and clients, while Guardian officially joins Desjardins Group," said Denis Dubois, President and CEO of Desjardins Group. "This acquisition strengthens the expertise available to Desjardins’s members and enables Guardian clients to benefit from the strength of Desjardins Group. Despite a challenging economic environment, this performance allows us to continue our support to members and communities, including through investments in affordable housing and support for the Fondation Autiste & majeur to create new centres in Bas-Saint-Laurent and Mauricie, thus contributing to the economic development of Québec and Canada."
Completion of the acquisition of Guardian Capital Group Limited
Desjardins has reached a significant milestone in its asset management growth strategy with the completion, on March 23, 2026, of the transaction to acquire Guardian. This merger of the strengths of Desjardins Global Asset Management and Guardian creates a leading platform and reinforces Desjardins Group's presence across Canada and internationally.
Support for innovation and technological entrepreneurship
By teaming up with Quantino, a high-tech incubator, Desjardins is strengthening its support for innovation. This partnership enables Desjardins to support start-ups and foster growth in strategic technology sectors, thereby promoting economic development and the creation of skilled jobs.
Support for members and clients in an uncertain economic environment
Against a backdrop of economic uncertainty, Desjardins continued to play a supportive role, particularly during an economic Web conference with Jimmy Jean, Vice-President and Chief Economist of Desjardins Group, on the outlook for 2026. This initiative helped inform businesses and the public about current and future economic and financial issues.
A top employer recognized nationally
Desjardins has once again been named one of the top employers in Canada, by Forbes magazine and MediaCorp, confirming its commitment to an inclusive and inspiring working environment. In addition to this recognition, Desjardins has received Platinum Parity Certification from Women in Governance for a fourth consecutive year, evidence of its ongoing efforts to promote gender parity and inclusion.
A sustained commitment to communities, young people and vulnerable individuals
Faithful to its mission, Desjardins continued to fulfil its commitment by supporting impactful initiatives. This includes a contribution to the La HUTTE project (in French only) which will enable the creation of 60 temporary housing units for people experiencing homelessness. Furthermore, the Desjardins Foundation continued its work in support of youth and educational success, reaching hundreds of thousands of young people across the country. Last year, it donated $7.1 million to help close to 700,000 young people thrive.