Filing Flows › Cognizant Technology Solutions (CTSH) › Q1 2026
Cognizant Technology Solutions (CTSH) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Cognizant Technology Solutions (CTSH) reported revenue of $5.4B for the first quarter 2026 (Q1 2026), +6% from a year earlier and +2% from the quarter before. Operating margin was 15.6%, net earnings $662M (12.2% of revenue).
Cognizant Technology Solutions, Q1 2026: revenue $5.4B (+6% year over year), operating margin 15.6%, net earnings $662M, operating cash flow $274M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4B | +2% | +6% |
| Operating profit | $843M | -1% | -1% |
| Net earnings | $662M | +2% | -0.2% |
| Operating cash flow | $274M | -68% | -31% |
| Free cash flow | $198M | — | -50% |
What changed
Revenue was $5.4B in Q1 2026, up 6% year over year and up 2% from the previous quarter. Financial Services was the largest line at 30% of revenue. Financial Services added $0.18B year over year (up 12%), 61% of the total change.
Operating profit was $0.84B, a 15.6% margin (down 1.1 points year over year). Operating profit fell $0.01B even though revenue rose $0.30B versus Q1 2025, so costs grew faster than sales. Total costs grew 7% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+91%). Net earnings were $0.66B, roughly flat year over year. The effective tax rate was 23.9%.
Operating cash flow was $0.27B (down 31% year over year), 41% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.57B. After purchases of property and equipment ($0.08B), free cash flow as the company reports it was $0.20B.
Questions
What was Cognizant Technology Solutions' revenue in the first quarter 2026?
Cognizant Technology Solutions (CTSH) reported revenue of $5.4B for the first quarter 2026 (Q1 2026), +6% from a year earlier and +2% from the quarter before.
Was Cognizant Technology Solutions profitable in the first quarter 2026?
Operating profit was $843M (15.6% of revenue) and net earnings $662M.