What is Cognizant's operating income?

Cognizant (CTSH) reported operating income of $843M in Q1 2026.

How has Cognizant's operating income changed year-over-year?

Cognizant's operating income decreased by 1.2% year-over-year, from $853M to $843M.

What is the long-term trend for Cognizant's operating income?

Over 4 years (2021 to 2025), Cognizant's operating income has grown at a 4.6% compound annual growth rate (CAGR), from $2.83B to $3.39B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Cognizant CTSH Operating Income

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Segments

By segment

See full

Healthcare Segment$315M+9.4%

Financial Services$252M+3.7%

Products and Resources$178M-0.6%

Communications, Media and Technology$98M+21.0%

Other financials

Income statement

See full

Revenue$5.4B+5.8%

Gross profit$1.8B+3.3%

Net income$662.0M-0.2%

EPS (diluted)$1.39+3.7%

Balance sheet

See full

Cash & equivalents$1.5B-24.0%

Total debt$1.1B-7.4%

Total equity$15.1B+1.1%

Total assets$20.5B+2.7%

Cash flow

See full

Operating cash flow$274.0M-31.5%

CapEx$76.0M-1.3%

Free cash flow$198.0M-38.7%

Valuation

See full

Market cap$18.32B-48.1%

Enterprise value$17.91B-48.3%

P/E8.2×-6.3×

P/S0.9×-0.9×

Profitability

See full

Gross margin33.5%-0.7pp

Operating margin15.8%+0.6pp

Net margin10.4%-1.3pp

FCF margin11.5%+0.9pp

Returns & leverage

See full

Return on equity14.9%-1.7pp

Debt / equity0.1×0.0×

Current ratio2.2×0.0×

Where this comes from

Reported directly by Cognizant in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Cognizant’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cognizant's operating income?: Cognizant (CTSH) reported operating income of $843M in Q1 2026.
How has Cognizant's operating income changed year-over-year?: Cognizant's operating income decreased by 1.2% year-over-year, from $853M to $843M.
What is the long-term trend for Cognizant's operating income?: Over 4 years (2021 to 2025), Cognizant's operating income has grown at a 4.6% compound annual growth rate (CAGR), from $2.83B to $3.39B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.