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Conduent (CNDT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Conduent (CNDT) Q3 2026 earnings results →
Q3 2026 Revenue down 12% year over year to $534M · 9¢ of every $1 of revenue lost · operating margin -6.6%
Conduent made $534M in Q3 2026 (-12% Y/Y): Commercial: $308M, Government: $226M. Operating margin -6.6%, net loss $49.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $534.0M in Q3 2026, down 12% year over year and up 1% from the previous quarter. Commercial: was the largest line at 58% of revenue. Commercial: lost $59.0M year over year (down 16%), 83% of the total change.
Operating costs exceeded revenue by $35.0M, an operating margin of -6.6%. Total costs fell 12% while revenue fell 12%. The quarter ended with a net loss of $49.0M, narrower than the previous quarter's $116.0M loss.
Operating cash flow was −$107.0M. Non-cash charges added back $38.0M of depreciation and amortization. Working capital and other items used $96.0M. Capital expenditures of $5.0M exceeded it, leaving free cash flow of −$112.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $534M | -12% | -6.6% | −$49.0M | −$107M |
| Q2 2026 | 10-Q | Aug 10, 2026 | $531M | -12% | -10.7% | −$116M | $7.0M |
| Q1 2026 | 10-Q | May 11, 2026 | $723M | -4% | -3.7% | −$33.0M | −$8.0M |
| Q4 2025 | 10-K | Feb 19, 2026 | $770M | -4% | -3.6% | −$33.0M | $39.0M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $767M | -5% | -5.0% | −$46.0M | −$39.0M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $754M | -9% | -5.0% | −$40.0M | −$15.0M |
| Q1 2025 | 10-Q | May 7, 2025 | $751M | -18% | -7.5% | −$51.0M | −$58.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Conduent
In this Form 10-K, unless the content otherwise dictates, "Conduent", the "Company", "we" or "our" mean Conduent Incorporated and its consolidated subsidiaries. We deliver digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for our clients and the millions of people who count on them. We leverage cloud computing, artificial intelligence ("AI"), machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 51,000 associates, process expertise and advanced technologies, our solutions and services digitally transform our clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs.
In its own words, from its 10-K, filed Feb 19, 2026.
Conduent against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -12% against the peers' median +10%. Operating margin: -6.6% against the peers' median 9.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CNDT Conduent | Q3 2026 | $534M | -12% | -6.6% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: Conduent 10-Q on SEC EDGAR · CIK 1677703 · Services-Business Services, NEC
Guidance and outlook
13F: who owns CNDT and who is buying
More on CNDT
- How Conduent makes money: revenue by segment
- Conduent next earnings date and what analysts expect
- Conduent stock forecast, price target and fair value
- Who owns Conduent stock: holders, funds and Congress trades
- Conduent guidance and outlook
- Is Conduent a takeover target? LBO and rumors
- Conduent recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results