Conduent (CNDT) Cost of Revenue (2015 - 2026)
Conduent (CNDT) reported Cost of Revenue of $435 million for Q2 2026, down 11.0% from $489 million a year earlier and down 25.9% from the prior quarter.
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Analysis
Conduent (CNDT) Cost of Revenue (2015 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Conduent's Cost of Revenue came in at $2.28 billion, down 6.1% year-over-year; for FY2025, it was $2.49 billion, down 8.8% from FY2024.
- Cost of Revenue has declined for ten consecutive years, with a five-year compound annual growth rate of -4.9% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $2.73 billion in FY2024 (-5.5%), $2.89 billion in FY2023 (-4.3%), $3.02 billion in FY2022 (-3.8%) and $3.14 billion in FY2021 (-2.2%).
- The Q2 2026 figure ranks as the lowest quarterly Cost of Revenue in data going back to Q3 2015.
- Year over year, Cost of Revenue has now declined in each of the last nine quarters, with an average decline of 11.2% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q1 2024 (growth of 2.1%); the low point was Q2 2025 (a decline of 27.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $587 million (Q1 2026), $624 million (Q4 2025) and $631 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 156.49 Bn | 114.42 Bn | 5.98 Bn | 12.69 Bn |
| 2 | Cintas | 89.36 Bn | 88.45 Bn | 1.55 Bn | 1.46 Bn |
| 3 | Iron Mountain | 33.13 Bn | 32.33 Bn | 1.06 Bn | 926.65 Mn |
| 4 | Rollins | 18.53 Bn | 18.08 Bn | 582.90 Mn | 506.77 Mn |
| 5 | APi | 18.33 Bn | 15.55 Bn | 770.00 Mn | 1.78 Bn |
| 6 | UL Solutions | 16.46 Bn | 14.45 Bn | 423.00 Mn | 400.00 Mn |
| 7 | Aramark | 14.43 Bn | 12.37 Bn | 430.34 Mn | 4.63 Bn |
| 8 | Gartner | 12.19 Bn | 5.67 Bn | 1.07 Bn | 433.14 Mn |
| 9 | Rentokil Initial | 12.05 Bn | 5.56 Bn | - | - |
| 10 | Conduent | 215.50 Mn | -765.50 Mn | 109.00 Mn | 425.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 425.00 Mn |
| Jun 30, 2026 | 435.00 Mn |
| Mar 31, 2026 | 587.00 Mn |
| Dec 31, 2025 | 624.00 Mn |
| Sep 30, 2025 | 631.00 Mn |
| Jun 30, 2025 | 489.00 Mn |
| Mar 31, 2025 | 618.00 Mn |
| Dec 31, 2024 | 662.00 Mn |
| Sep 30, 2024 | 656.00 Mn |
| Jun 30, 2024 | 677.00 Mn |
| Mar 31, 2024 | 735.00 Mn |
| Dec 31, 2023 | 740.00 Mn |
| Sep 30, 2023 | 724.00 Mn |
| Jun 30, 2023 | 704.00 Mn |
| Mar 31, 2023 | 720.00 Mn |
| Dec 31, 2022 | 782.00 Mn |
| Sep 30, 2022 | 754.00 Mn |
| Jun 30, 2022 | 727.00 Mn |
| Mar 31, 2022 | 755.00 Mn |
| Dec 31, 2021 | 803.00 Mn |
API Access
Conduent Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CNDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "CNDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CNDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();