Filing Flows › Conduent (CNDT) › Q2 2026 › vs Q2 2025
Conduent (CNDT) Q2 2026 vs Q2 2025 (year over year)
Conduent's revenue fell $72.0M (-12%) from $603M in Q2 2025 to $531M in Q2 2026. The biggest changes: Commercial: −$49.0M (-13%); Government: −$23.0M (-10%).
Conduent, Q2 2026: revenue $531M (-12% year over year), operating margin -10.7%, net loss $116M, operating cash flow $7.0M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Commercial: | $316M | $365M | −$49.0M | -13% |
| Government: | $215M | $238M | −$23.0M | -10% |
| Revenue | $531M | $603M | −$72.0M | -12% |
| Net loss | $116M | $40.0M | $76.0M | +190% |
| Costs & expenses | $647M | $646M | $1.0M | +0.2% |
| Operating costs | $588M | $646M | −$58.0M | -9% |
| Interest & other, net | $47.0M | −$2.0M | $49.0M | — |
| Income tax | $12.0M | −$1.0M | $13.0M | — |
| Cost of revenue | $435M | $489M | −$54.0M | -11% |
| SG&A | $80.0M | $90.0M | −$10.0M | -11% |
| Other operating costs | $73.0M | $66.0M | $7.0M | +11% |
| Operating cash sources | $123M | $25.0M | $98.0M | +392% |
| Depreciation & amortization | $43.0M | $48.0M | −$5.0M | -10% |
| Share-based compensation | $2.0M | $5.0M | −$3.0M | -60% |
| Working capital & other | $78.0M | −$28.0M | $106M | — |
| Net loss absorbed | $116M | $40.0M | $76.0M | +190% |
| Operating cash flow | $7.0M | −$15.0M | $22.0M | — |
| Capital expenditures | $9.0M | $15.0M | −$6.0M | -40% |
| Negative free cash flow (OCF − capex) | $2.0M | $30.0M | −$28.0M | -93% |
Questions
How much did Conduent's revenue grow year over year in Q2 2026?
Conduent's revenue fell $72.0M (-12%) from $603M in Q2 2025 to $531M in Q2 2026.
What drove Conduent's revenue change in Q2 2026?
Commercial: −$49.0M (-13%); Government: −$23.0M (-10%).