Filing Flows › Cognizant Technology Solutions (CTSH) › Q2 2026 › vs Q2 2025
Cognizant Technology Solutions (CTSH) Q2 2026 vs Q2 2025 (year over year)
Cognizant Technology Solutions's revenue rose $236M (+4%) from $5.2B in Q2 2025 to $5.5B in Q2 2026. The biggest changes: Financial Services +$186M (+12%); Healthcare Segment +$21.0M (+1%); Products and Resources +$16.0M (+1%). Operating margin 15.9% against 15.6% (+0.4 pts).
Cognizant Technology Solutions, Q2 2026: revenue $5.5B (+4% year over year), operating margin 15.9%, net earnings $636M, operating cash flow $558M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.9% | 15.6% | +0.4 pts |
| Net margin | 11.6% | 12.3% | -0.7 pts |
| Free cash flow margin | 8.4% | 6.3% | +2.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Financial Services | $1.7B | $1.5B | $186M | +12% |
| Healthcare Segment | $1.6B | $1.6B | $21.0M | +1% |
| Products and Resources | $1.3B | $1.3B | $16.0M | +1% |
| Communications, Media and Technology | $854M | $841M | $13.0M | +2% |
| Revenue | $5.5B | $5.2B | $236M | +4% |
| Operating profit | $874M | $817M | $57.0M | +7% |
| Costs & expenses | $4.6B | $4.4B | $179M | +4% |
| Pre-tax earnings | $867M | $842M | $25.0M | +3% |
| Cost of revenue | $3.7B | $3.5B | $173M | +5% |
| SG&A | $728M | $810M | −$82.0M | -10% |
| Other operating costs | $227M | $139M | $88.0M | +63% |
| Net earnings | $636M | $645M | −$9.0M | -1% |
| Income tax | $231M | $197M | $34.0M | +17% |
| Depreciation & amortization | $143M | $139M | $4.0M | +3% |
| Share-based compensation | $53.0M | $48.0M | $5.0M | +10% |
| Working capital & other | $274M | $434M | −$160M | -37% |
| Operating cash flow | $558M | $398M | $160M | +40% |
| Free cash flow (company-reported) | $459M | $331M | $128M | +39% |
| Purchases of property and equipment | $99.0M | $67.0M | $32.0M | +48% |
Questions
How much did Cognizant Technology Solutions's revenue grow year over year in Q2 2026?
Cognizant Technology Solutions's revenue rose $236M (+4%) from $5.2B in Q2 2025 to $5.5B in Q2 2026.
What drove Cognizant Technology Solutions's revenue change in Q2 2026?
Financial Services +$186M (+12%); Healthcare Segment +$21.0M (+1%); Products and Resources +$16.0M (+1%).