Cognizant Technology Solutions (CTSH) Gross Margin (2009 - 2026)
Cognizant Technology Solutions (CTSH) reported Gross Margin of 33.37% for Q2 2026, down 0.30 percentage points from 33.67% a year earlier but up 0.58 percentage points from the prior quarter.
Cognizant Technology Solutions (CTSH) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cognizant Technology Solutions' Gross Margin came in at 33.44%, down 0.74 percentage points year-over-year; for FY2025, it came in at 33.72%, down 0.63 percentage points from FY2024.
- Gross Margin has declined for four consecutive years, with a five-year change of -2.20 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 34.34% in FY2024 (-0.22 pp), 34.56% in FY2023 (-1.36 pp), 35.93% in FY2022 (-1.37 pp) and 37.30% in FY2021 (+1.38 pp).
- Five-year quarterly Gross Margin spans a low of 32.79% in Q1 2026 and a high of 37.88% in Q3 2021.
- Year over year, Gross Margin has now declined in each of the last eight quarters, with an average year-over-year change of -0.47 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2023 (a gain of 0.38 percentage points); the low point was Q2 2023 (a drop of 2.55 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 32.79% (Q1 2026), 33.73% (Q4 2025) and 33.87% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.24 Bn | 36.74 Bn | 1.60 Bn | 31.48% |
| 2 | Cognizant Technology Solutions | 31.12 Bn | 24.28 Bn | 1.83 Bn | 33.37% |
| 3 | Wipro | 20.11 Bn | 14.81 Bn | 738.00 Mn | 28.54% |
| 4 | Td Synnex | 19.66 Bn | 13.82 Bn | 1.43 Bn | 6.61% |
| 5 | Cdw | 19.39 Bn | 17.38 Bn | 1.32 Bn | 20.08% |
| 6 | Cgi | 16.87 Bn | 14.67 Bn | - | - |
| 7 | Arrow Electronics | 11.10 Bn | 10.05 Bn | 1.13 Bn | 11.26% |
| 8 | Avnet | 7.54 Bn | 6.72 Bn | 865.03 Mn | 10.43% |
| 9 | EPAM Systems | 6.64 Bn | 2.28 Bn | 429.57 Mn | 30.36% |
| 10 | Ingram Micro Holding | 6.19 Bn | 1.79 Bn | 958.68 Mn | 6.60% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.37% |
| Mar 31, 2026 | 32.79% |
| Dec 31, 2025 | 33.73% |
| Sep 30, 2025 | 33.87% |
| Jun 30, 2025 | 33.67% |
| Mar 31, 2025 | 33.59% |
| Dec 31, 2024 | 35.12% |
| Sep 30, 2024 | 34.36% |
| Jun 30, 2024 | 33.94% |
| Mar 31, 2024 | 33.91% |
| Dec 31, 2023 | 35.25% |
| Sep 30, 2023 | 34.47% |
| Jun 30, 2023 | 33.87% |
| Mar 31, 2023 | 34.68% |
| Dec 31, 2022 | 34.86% |
| Sep 30, 2022 | 36.59% |
| Jun 30, 2022 | 36.42% |
| Mar 31, 2022 | 35.83% |
| Dec 31, 2021 | 36.57% |
| Sep 30, 2021 | 37.88% |
Cognizant Technology Solutions Gross Margin 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=gross-margin&ticker=CTSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CTSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CTSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();