NASDAQ$CTSH

Cognizant Technology Solutions Corp · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Cognizant reported Q3 2025 revenue of $5.42B with net income of $274M and diluted EPS of $0.56.

Revenue was $5.42 billion for the quarter ended September 30, 2025, with net income of $274 million and diluted EPS of $0.56. The company cited demand for digital, cloud, and AI-enabled services alongside ongoing cost discipline.

  • Q3 revenue $5.42B; net income $274M; diluted EPS $0.56.
  • Digital and AI-related services support bookings and revenue mix.
  • Operating margin reflects continued productivity initiatives.
  • Capital returns and balance-sheet flexibility remain priorities.

Headline financials

Total Revenue

$5.42B

Previous: $5.04B+7.4%
EPS (adj)

$0.56

Previous: $1.17-52.1%
GAAP Operating Margin

16.0%

Previous: 14.6%+9.6%
Adjusted Operating Margin

16.0%

Previous: 15.3%+4.6%
Trailing 12-month Bookings

$27.5B

No prior period
Book-to-Bill Ratio

1.3

No prior period
Share Repurchases

$994M

No prior period
Dividends Paid

$459M

No prior period
Voluntary Attrition - Tech Services

14.5%

Previous: 14.6%-0.7%
Capital Expenditures

-$211M

Previous: -$214M+1.4%
Net Income

$274M

Previous: $582M-52.9%
Operating Income

$866M

Previous: $738M+17.3%

Revenue & EPS history

Cognizant · Revenue · Quarterly

$5.42B

Q3 2025+7.4%vs Q3 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Cognizant · $4.9B total across 4 segments · Q3 2023

  • Financial Services
    $1.48B-3.0%
  • Health Sciences
    $1.41B+0.0%
  • Products and Resources
    $1.17B+1.9%
  • Communications, Media and Technology
    $847M+8.2%

Forward guidance

The release discusses Cognizant's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Management discussed operating priorities and capital allocation for upcoming quarters.
  • Cognizant cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.0%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+1.2%

Avg return

30 days after

50%

36 / 72 earnings

Positive

+12.6%

Q4 2019

Best reaction

-17.9%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.3%-5.2%+1.8%
Q4 2025+2.5%+0.1%-11.1%
Q3 2025+5.6%+7.2%+14.6%
Q1 2025+2.3%+5.5%+10.1%
Q4 2024+4.2%+5.1%-0.4%
Q3 2024-1.2%-0.8%+6.6%
Q2 2024+0.6%-5.4%+2.6%
Q1 2024+0.9%+1.1%+0.7%
Q4 2023+0.5%-0.6%-0.2%
Q3 2023-1.3%+2.8%+9.8%
Q2 2023+7.0%+8.3%+8.9%
Q1 2023+5.9%+3.8%+7.4%
Q4 2022-0.9%-1.9%-9.2%
Q3 2022-16.9%-14.0%-0.2%
Q2 2022-1.8%-0.7%-5.0%
Q1 2022-9.7%-6.5%-9.8%
Q4 2021-0.4%+1.5%+2.8%
Q3 2021-1.8%-1.0%-0.4%
Q2 2021+6.9%+6.6%+11.7%
Q1 2021-7.5%-8.9%-12.0%
Q4 2020-6.7%-5.2%-7.9%
Q3 2020-3.2%-3.5%+6.8%
Q2 2020+10.4%+8.6%+8.1%
Q1 2020-0.7%-7.6%+0.4%
Q4 2019+12.6%+9.4%-8.2%
Q3 2019+0.8%+2.7%+6.1%
Q2 2019+1.7%-5.0%-6.0%
Q1 2019-17.9%-18.9%-14.2%
Q4 2018+2.5%+2.5%-0.1%
Q3 2018-0.3%+0.4%+1.6%
Q2 2018-5.2%-4.9%-4.5%
Q1 2018-8.1%-6.8%-4.9%
Q4 2017+1.7%+4.8%+14.6%
Q3 2017-1.7%-1.2%-5.7%
Q2 2017+3.9%+2.6%+3.4%
Q1 2017+5.8%+5.3%+11.1%
Q4 2016+7.8%+7.2%+9.2%
Q3 2016+5.4%+3.6%+9.6%
Q2 2016-0.8%-2.1%-0.7%
Q1 2016+5.6%
Q4 2015-10.6%
Q3 2015-1.4%
Q2 2015+6.0%
Q1 2015+3.1%
Q4 2014+4.6%
Q3 2014+8.6%
Q2 2014-11.2%
Q1 2014-2.4%
Q4 2013-1.6%
Q3 2013+4.4%
Q2 2013+0.5%
Q1 2013+5.5%
Q4 2012+3.2%
Q3 2012-3.1%
Q2 2012+0.3%
Q1 2012-13.4%
Q4 2011-0.9%
Q3 2011-1.1%
Q2 2011-6.6%
Q1 2011+1.0%
Q4 2010-0.8%
Q3 2010-2.0%
Q2 2010+0.5%
Q1 2009+6.2%
Q1 2010-1.2%
Q4 2009-0.1%
Q4 2007-0.1%
Q3 2009+3.3%
Q3 2008+3.3%
Q2 2009-0.1%
Q2 2008-0.1%
Q4 2008-0.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro