How does Cognizant (CTSH) make money?

Cognizant (CTSH) generates revenue primarily from Financial Services, which accounted for 30.2% of total revenue in TTM through Q2 2026. The company reported $21.6B in revenue and converted 10.3% of it into net profit, equivalent to roughly $2.22B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Cognizant (CTSH)?

Cognizant (CTSH) reported a gross profit margin of 32% in TTM through Q2 2026, equivalent to $6.93B in gross profit on $21.6B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Cognizant (CTSH)?

Cognizant (CTSH) reported an operating profit margin of 15.8% in TTM through Q2 2026, equivalent to $3.41B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Cognizant (CTSH)?

Cognizant (CTSH) reported a net profit margin of 10.3% in TTM through Q2 2026, equivalent to $2.22B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Cognizant (CTSH) profitable?

Yes. Cognizant (CTSH) reported $2.22B in net income for TTM through Q2 2026, with a net profit margin of 10.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Cognizant (CTSH) spend on capital expenditures?

Cognizant (CTSH) spent $319M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 1.5% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Cognizant (CTSH) generate?

Cognizant (CTSH) generated $2.6B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 12.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Cognizant (CTSH)?

Cognizant (CTSH) had an effective tax rate of 36.6% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Cognizant (CTSH)?

Cognizant (CTSH) reports revenue across 4 reportable product segments, led by Financial Services at 30.2% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Cognizant (CTSH) generate most of its revenue?

North America is the largest geographic market for Cognizant (CTSH), accounting for 74.8% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Cognizant Makes Money: 2026 Visual Revenue Map

Cognizant (CTSH) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 29, 2026).

Cognizant (CTSH) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Cognizant (CTSH), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Financial Services	$6.54B	30.2%
Healthcare Segment	$6.38B	29.5%
Products and Resources	$5.34B	24.7%
Communication, Media and Technology	$3.38B	15.6%
Total	$21.6B	100%

Financial Services$6.54B
Healthcare Segment$6.38B
Products and Resources$5.34B
Communication, Media and Technology$3.38B
Total$21.6B

Cognizant (CTSH) Revenue by Geography — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Cognizant (CTSH), TTM through Q2 2026
Region	Revenue (USD)	% of total
North America	$16.2B	74.8%
Europe	$4.13B	19.1%
Other Regions	$1.32B	6.1%
Total	$21.6B	100%

North America
Europe
Other Regions
Total

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Cognizant (CTSH) reports revenue across 4 reportable product segments; the largest segment was Financial Services at 30.2%, followed by Healthcare Segment (29.5%) and Products and Resources (24.7%). Geographically, North America accounted for 74.8% of revenue, followed by Europe (19.1%) and Other Regions (6.1%).

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