Filing Flows › Cognizant Technology Solutions (CTSH) › Q3 2025
Cognizant Technology Solutions (CTSH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Cognizant Technology Solutions (CTSH) reported revenue of $5.4B for the third quarter 2025 (Q3 2025), +7% from a year earlier and +3% from the quarter before. Operating margin was 16.0%, net earnings $274M (5.1% of revenue).
Cognizant Technology Solutions, Q3 2025: revenue $5.4B (+7% year over year), operating margin 16.0%, net earnings $274M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4B | +3% | +7% |
| Operating profit | $866M | +6% | +17% |
| Net earnings | $274M | -58% | -53% |
| Operating cash flow | $1.2B | +208% | +45% |
| Free cash flow | $1.2B | — | +47% |
What changed
Revenue was $5.4B in Q3 2025, up 7% year over year and up 3% from the previous quarter. Healthcare Segment was the largest line at 30% of revenue. Products and Resources added $0.15B year over year (up 13%), 42% of the total change.
Operating profit was $0.87B, a 16.0% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 15% margin then. Total costs grew 6% against revenue growth of 7%. Net earnings were $0.27B, down 53% year over year. The effective tax rate was 69.1%.
Operating cash flow was $1.2B (up 45% year over year), 448% 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 added $0.77B. After purchases of property and equipment ($0.07B), free cash flow as the company reports it was $1.2B.
Questions
What was Cognizant Technology Solutions' revenue in the third quarter 2025?
Cognizant Technology Solutions (CTSH) reported revenue of $5.4B for the third quarter 2025 (Q3 2025), +7% from a year earlier and +3% from the quarter before.
Was Cognizant Technology Solutions profitable in the third quarter 2025?
Operating profit was $866M (16.0% of revenue) and net earnings $274M.