Filing Flows › Cognizant Technology Solutions (CTSH) › Q3 2026 › vs Q3 2025
Cognizant Technology Solutions (CTSH) Q3 2026 vs Q3 2025 (year over year)
Cognizant Technology Solutions's revenue rose $249M (+5%) from $5.4B in Q3 2025 to $5.7B in Q3 2026. The biggest changes: Financial Services +$189M (+12%); Communications, Media and Technology +$89.0M (+10%); Healthcare Segment −$17.0M (-1%). Operating margin 15.4% against 16.0% (-0.6 pts).
Cognizant Technology Solutions, Q3 2026: revenue $5.7B (+5% year over year), operating margin 15.4%, net earnings $627M, operating cash flow $1.0B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.4% | 16.0% | -0.6 pts |
| Net margin | 11.1% | 5.1% | +6.0 pts |
| Free cash flow margin | 16.3% | 21.4% | -5.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Financial Services | $1.8B | $1.6B | $189M | +12% |
| Healthcare Segment | $1.6B | $1.6B | −$17.0M | -1% |
| Products and Resources | $1.4B | $1.4B | −$12.0M | -0.9% |
| Communications, Media and Technology | $939M | $850M | $89.0M | +10% |
| Revenue | $5.7B | $5.4B | $249M | +5% |
| Operating profit | $872M | $866M | $6.0M | +0.7% |
| Costs & expenses | $4.8B | $4.5B | $243M | +5% |
| Pre-tax earnings | $863M | $887M | −$24.0M | -3% |
| Cost of revenue | $3.8B | $3.6B | $170M | +5% |
| SG&A | $841M | $833M | $8.0M | +1% |
| Other operating costs | $200M | $135M | $65.0M | +48% |
| Net earnings | $627M | $274M | $353M | +129% |
| Income tax | $237M | $613M | −$376M | -61% |
| Depreciation & amortization | $149M | $135M | $14.0M | +10% |
| Share-based compensation | $50.0M | $47.0M | $3.0M | +6% |
| Working capital & other | $178M | $771M | −$593M | -77% |
| Operating cash flow | $1.0B | $1.2B | −$223M | -18% |
| Free cash flow (company-reported) | $925M | $1.2B | −$235M | -20% |
| Purchases of property and equipment | $79.0M | $67.0M | $12.0M | +18% |
Questions
How much did Cognizant Technology Solutions's revenue grow year over year in Q3 2026?
Cognizant Technology Solutions's revenue rose $249M (+5%) from $5.4B in Q3 2025 to $5.7B in Q3 2026.
What drove Cognizant Technology Solutions's revenue change in Q3 2026?
Financial Services +$189M (+12%); Communications, Media and Technology +$89.0M (+10%); Healthcare Segment −$17.0M (-1%).