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Cognizant

CTSH · Information Technology

Last earnings Oct 29, 2026

Key results

Revenuequarter

$5.7 billion

Revenue of $5.7 billion increased 4.6% year-over-year or 4.8% in constant currency 1

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Operating marginquarter

15.4%

Operating margin of 15.4% decreased 60 basis points year-over-year Adjusted Operating Margin 1 of 16.3% increased 30 basis points year-over-year GAAP EPS 2 of $1.39 increased 148% year-over-year Adjusted EPS 1 of $1.49 increased 7.2% year-over-year Trailing 12-month bookings of $28.7 billion increased 4% year-over-year

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Adjusted operating marginquarter

16.3%

Operating margin of 15.4% decreased 60 basis points year-over-year Adjusted Operating Margin 1 of 16.3% increased 30 basis points year-over-year GAAP EPS 2 of $1.39 increased 148% year-over-year Adjusted EPS 1 of $1.49 increased 7.2% year-over-year Trailing 12-month bookings of $28.7 billion increased 4% year-over-year

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

EPSquarter

$1.39

Operating margin of 15.4% decreased 60 basis points year-over-year Adjusted Operating Margin 1 of 16.3% increased 30 basis points year-over-year GAAP EPS 2 of $1.39 increased 148% year-over-year Adjusted EPS 1 of $1.49 increased 7.2% year-over-year Trailing 12-month bookings of $28.7 billion increased 4% year-over-year

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

$ in millions, except per share data Q3 2026 Q3 2025 Revenue $5,664 $5,415 Y Y Change 4.6 % 7.4 % Y Y Change CC 1 4.8 % 6.5 % GAAP Operating Margin 15.4 % 16.0 % Adjusted Operating Margin 1 16.3 % 16.0 % GAAP Diluted EPS 2 $1.39 $0.56 Adjusted Diluted EPS 1 $1.49 $1.39 YTD 2026 YTD 2025 Operating cash flow $1,836 $2,025 Free cash flow 1 $1,582 $1,884 See Revenue by Business Segment and Geography section for additional revenue details and drivers of growth.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

GAAP EPSquarter

$0.80

2 GAAP Diluted EPS includes a one-time non-cash income tax charge that negatively impacted Q3 2025 by $0.80.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

EPSytd

7%

Adjusted EPS grew 7%, exceeding revenue growth both in the quarter and year-to-date.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Free cash flowytd

$1.6 billion

Through the first nine months of 2026, we have expanded adjusted operating margin by 30 basis points, generated $1.6 billion of free cash flow and deployed $2.3 billion on share repurchases and dividends.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Free cash flowQ3 2026

$2.3 billion

Through the first nine months of 2026, we have expanded adjusted operating margin by 30 basis points, generated $1.6 billion of free cash flow and deployed $2.3 billion on share repurchases and dividends.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

3 Q3 2025 GAAP Diluted EPS reflects the $0.80 impact from a one-time, non-cash income tax expense.

SEC original ↗Cognizant — Presentation / slide deck (8-K exhibit)EX-99Oct 29, 2026

GAAP operating marginquarter

4.8%

Revenue Increase of 4.6% Y/Y as reported, and an increase of 4.8% Y/Y in constant currency1 2 GAAP and Adjusted Operating Margin1 Cash Flow $5,415M $5,664M Q3 '25 Q3 '26 16.0% 15.4% Q3 '25 Q3 '26 16.0% 16.3% Q3 '25 Q3 '26 $1,160M $925M Q3 '25 Q3 '26 $0.56 $1.39 Q3 '25 Q3 '26 $1.39 $1.49 Q3 '25 Q3 '26 Adjusted Operating Margin1 GAAP Diluted EPS3 Adjusted Diluted EPS1 Operating Cash Flow Free Cash Flow1 GAAP Operating Margin Adjusted Operating Margin1 Diluted Earnings Per Share (EPS) © 2026 Cognizant 3 Q3 2026 highlights Adjusted Operating Margin1 1 Large deals are defined as deals with a total contract value of $100 million or greater.

SEC original ↗Cognizant — Presentation / slide deck (8-K exhibit)EX-99Oct 29, 2026

AI analysis

Q3 2026 · reported Oct 29, 2026

Based on: Earnings release + Q3 2026 deck + parent 8-K + 10-Q — transcript not held

Revenue · Q3 2026
$5.7B
EX-99 · Oct 29, 2026
EPS · Q3 2026
$1.39
EX-99 · Oct 29, 2026
Free cash flow · Q3 2026
$2.3B
EX-99 · Oct 29, 2026
Operating margin · Q3 2026
15.4%
-0.5 pts vs prior quarter computed from stated figures
EX-99 · Oct 29, 2026

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · Oct 29, 2026 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ3 2026Prior qtrYear ago
Revenue$5.7 billion$5.5 billion—
Operating margin15.4%15.9%—
Adjusted operating margin16.3%15.9%—
EPS$1.39$1.36—
GAAP EPS$0.80$1.36—
Free cash flow$2.3 billion——
GAAP operating margin4.8%15.9%—

EX-99 · Oct 29, 2026

Guidance · company-stated

GAAP Diluted EPS

“includes a one-time non-cash income tax charge that negatively impacted Q3 2025 by $0.80”

revenue$5.57 billion
Adjusted Operating Margin

“4 is now expected to be approximately 16.1%”

Adjusted Diluted EPS

“4 is expected to be in the range of $5.72 to $5.79”

Midpoint vs latest-quarter revenue-2.3%computed from stated figures

Guidance stated in the release for Q3 2025; figures as stated.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Operating margin15.4%
Adjusted operating margin16.3%
GAAP operating margin4.8%

Cash flow & capex

Free cash flow$1.6B
Free cash flow$2.3B

Capital allocation

Free cash flow$1.6B
Free cash flow$2.3B
Dividend$0.33

Through the first nine months of 2026, we have expanded adjusted operating margin by 30 basis points, generated $1.6 billion of free cash flow and deployed $2.3 billion on share repurchases and dividends.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue -2.3% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Cognizant Q3 2026 — Revenue of $5.7 billion increased 4.6% year-over-year or 4.8% in constant currency 1

Based on: Earnings release + Q3 2026 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

GAAP Diluted EPS: “GAAP Diluted EPS includes a one-time non-cash income tax charge that negatively impacted Q3 2025 by $0.80”

revenue: “revenue is expected to be $5.49 to $5.57 billion”

Adjusted Operating Margin: “Adjusted Operating Margin 4 is now expected to be approximately 16.1%”

Adjusted Diluted EPS: “Adjusted Diluted EPS 4 is expected to be in the range of $5.72 to $5.79”

GAAP Diluted EPS (“Q3 2025”)
“2 GAAP Diluted EPS includes a one-time non-cash income tax charge that negatively impacted Q3 2025 by $0.80.”

revenue (“Full-Year 2026”)
“Fourth Quarter and Full-Year 2026 Guidance 3 (all growth rates year-over-year) Fourth quarter revenue is expected to be $5.49 to $5.57 billion, growth of 3.0% to 4.5%, or 3.2% to 4.7% in constant currency.”

Adjusted Operating Margin (“Full-year 2026”)
“Full-year 2026 Adjusted Operating Margin 4 is now expected to be approximately 16.1%, or 30 basis points of expansion.”

Adjusted Diluted EPS (“Full-year 2026”)
“Full-year 2026 Adjusted Diluted EPS 4 is expected to be in the range of $5.72 to $5.79, growth of 8% to 10%.”

Guidance stated in the release for Q3 2025; figures as stated.

Capital allocation

Through the first nine months of 2026, we have expanded adjusted operating margin by 30 basis points, generated $1.6 billion of free cash flow and deployed $2.3 billion on share repurchases and dividends.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Capital Allocation The Company repurchased 4.9 million shares for $258 million during the third quarter under its share repurchase program.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

As of September 30, 2026, there was $2.1 billion remaining under the share repurchase authorization.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

In October 2026, the Company declared a quarterly cash dividend of $0.33 per share for shareholders of record on November 13, 2026.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

This dividend will be payable on November 25, 2026.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Cognizant Technology Solutions 1 September 30, 2026 Form 10-Q Table of Contents GLOSSARY Defined Term Definition Term Loan Unsecured term loan under the Credit Agreement Third Circuit United States Court of Appeals for the Third Circuit Title VII Title VII of the Civil Rights Act of 1964, 42 U.

SEC original ↗Cognizant — 10-Q Quarterly report10-QOct 29, 2026

Strategy & priorities

We delivered third-quarter revenue above the midpoint of our guidance range, including another quarter of double-digit growth in Financial Services and our seventh consecutive quarter of year-over-year adjusted operating margin expansion, said Ravi Kumar S, Chief Executive Officer.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

What we learn as we apply AI across Cognizant strengthens how we partner with clients through our AI Builder strategy, helping them make AI a new production function that creates enterprise value at scale.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

We achieved these results while investing in strategic partnerships and AI skilling initiatives, and integrating recently completed acquisitions.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Full-year 2026 Adjusted Operating Margin 4 is now expected to be approximately 16.1%, or 30 basis points of expansion.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Selected by the European Bank for Reconstruction and Development (EBRD) to support its Tech Blueprint, the Bank s technology transformation program, which focuses on driving efficiency, effectiveness and innovation through digitally enabled processes powered by AI, data, and intelligent automation.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Risks & headwinds

These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Legal Proceedings 47 Item 1A.

SEC original ↗Cognizant — 10-Q Quarterly report10-QOct 29, 2026

Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as believe, expect, may, could, would, plan, intend, estimate, predict, potential, continue, should or anticipate or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties.

SEC original ↗Cognizant — 10-Q Quarterly report10-QOct 29, 2026

We believe this disaggregation best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by industry, market and other economic factors.

SEC original ↗Cognizant — 10-Q Quarterly report10-QOct 29, 2026

" The dispute in relation to the 2013 share repurchase transaction is also in litigation.

SEC original ↗Cognizant — 10-Q Quarterly report10-QOct 29, 2026

What changed vs prior quarter

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Operating margin — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

GAAP EPS — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Cognizant — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Documents

Earnings deck slides

1 deck with slide view

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cognizant — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Named in the company’s own filings

Accenture (ACN)“Our direct competitors include, among others, Accenture, Atos, Capgemini, CGI, Deloitte Digital, DXC Technology, EPAM Systems, Genpact, HCL Technologies, IBM Consulting, Infosys Technologies, Tata Consultancy Services and Wipro.”DXC Technology Co (DXC)“Our direct competitors include, among others, Accenture, Atos, Capgemini, CGI, Deloitte Digital, DXC Technology, EPAM Systems, Genpact, HCL Technologies, IBM Consulting, Infosys Technologies, Tata Consultancy Services and Wipro.”Epam Systems, Inc. (EPAM)“Our direct competitors include, among others, Accenture, Atos, Capgemini, CGI, Deloitte Digital, DXC Technology, EPAM Systems, Genpact, HCL Technologies, IBM Consulting, Infosys Technologies, Tata Consultancy Services and Wipro.”Genpact Ltd (G)“Our direct competitors include, among others, Accenture, Atos, Capgemini, CGI, Deloitte Digital, DXC Technology, EPAM Systems, Genpact, HCL Technologies, IBM Consulting, Infosys Technologies, Tata Consultancy Services and Wipro.”IBM (IBM)“Our direct competitors include, among others, Accenture, Atos, Capgemini, CGI, Deloitte Digital, DXC Technology, EPAM Systems, Genpact, HCL Technologies, IBM Consulting, Infosys Technologies, Tata Consultancy Services and Wipro.”Infosys (INFY)“Our direct competitors include, among others, Accenture, Atos, Capgemini, CGI, Deloitte Digital, DXC Technology, EPAM Systems, Genpact, HCL Technologies, IBM Consulting, Infosys Technologies, Tata Consultancy Services and Wipro.”Wipro (WIT)“Our direct competitors include, among others, Accenture, Atos, Capgemini, CGI, Deloitte Digital, DXC Technology, EPAM Systems, Genpact, HCL Technologies, IBM Consulting, Infosys Technologies, Tata Consultancy Services and Wipro.”

Filings

64 documents

Earnings releases

36 documents

Presentations

20 documents

Transcripts

0 documents

No transcripts for Cognizant are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention Cognizant by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.