CTSH · Earnings call · 2026Q3T · Full report

Revenue Performance and Mix

COGNIZANT TECHNOLOGY SOLUTIONS CORP · 2026-10-29 · Importance 37 · Surprise 32 · No source text

Third-quarter 2026 revenue grew 4.8% year over year in constant currency to $5.7 billion, with growth benefiting from 3Cloud and Astreya and higher third-party product revenue. Financial Services grew 12% in constant currency, its third consecutive quarter of double-digit growth, while Communications, Media & Technology also recorded double-digit growth. North America led geographic growth; the U.K. benefited from public-sector strength, and Rest of World improved sequentially. BPO, infrastructure, cybersecurity, and industry solutions represented approximately 40% of the business and were growing roughly two to three times as fast as total organic services revenue.

Key facts

• The Q3 2026 mix of fixed-price and transaction-based work was nearly 58% of revenue, up 140 basis points year-over-year and more than 500 basis points since Q3 2022.
• Q3 2026 revenue grew 4.8% year-over-year in constant currency to $5.7 billion.
• Q3 2026 revenue grew 4.8% year-over-year in constant currency, led by North America and including contributions from the 3Cloud and Astreya acquisitions.
• Year-to-date, service lines benefiting from AI tailwinds accounted for approximately 40% of Cognizant's business and grew roughly two to three times as fast as total organic services revenue.
• Financial Services grew 12% year-over-year in constant currency in Q3 2026, its third consecutive quarter of double-digit growth.
• Communications, Media & Technology grew double digits in Q3 2026, driven by inorganic contributions from Astreya and strong technology-client spending.
• Cognizant reported strong sequential growth in Belcan in Q3 2026, driven by the ramp of recent large deals.
• Cognizant's third-party product revenue was higher in Q3 2026, benefiting year-over-year growth alongside its investments in 3Cloud and Astreya.

Impact estimates