CTSH Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Cognizant closed out fiscal 2025 on a solid note, posting Q4 revenue of $5.33 billion, up 4.9% year-over-year and a hair above the $5.31 billion consensus estimate, while adjusted EPS of $1.35 edged past the $1.32 analyst forecast by 2.02%. The headl… Read more Cognizant closed out fiscal 2025 on a solid note, posting Q4 revenue of $5.33 billion, up 4.9% year-over-year and a hair above the $5.31 billion consensus estimate, while adjusted EPS of $1.35 edged past the $1.32 analyst forecast by 2.02%. The headline driver was a resurgent Financial Services segment, which delivered 10.5% revenue growth in the quarter, its fastest constant currency annual expansion since 2016, underscoring a broad-based recovery in client spending that helped the company exceed the high end of its own revenue guidance. Full-year adjusted EPS grew 11% to $5.28, with free cash flow conversion reaching 120% of net income, even as a one-time $390 million non-cash tax charge weighed on GAAP results in Q3. Trailing twelve-month bookings of $28.40 billion, a 1.3x book-to-bill ratio, and nearly 50% growth in large-deal TCV reinforced the demand picture. Looking ahead, Cognizant guided 2026 revenue of $22.14 billion to $22.66 billion, representing 4.9% to 7.4% growth, with adjusted EPS of $5.56 to $5.70, as the company leans into expanding AI partnerships and the recently completed 3Cloud acquisition.