Cognizant Technology Solutions (CTSH) Operating Margin (2009 - 2026)
Cognizant Technology Solutions' (CTSH) quarterly Operating Margin came in at 15.57% in Q1 2026, down 110.0% year-on-year from 155.74% in Q1 2025, and down 2.63% on a QoQ basis from 15.99% in Q4 2025.
Cognizant Technology Solutions (CTSH) Operating Margin (2009 - 2026) Analysis & Trends
Cognizant Technology Solutions (CTSH) has 18 years of Operating Margin data on file, last reported at 15.57% in Q1 2026.
- On a quarterly basis, Operating Margin fell 110.0% year-over-year to 15.57% in Q1 2026; TTM through Mar 2026 was 15.79%, a 60.0% increase from a year earlier, with the FY2025 full-year figure at 16.06%, up 140.0% from the prior year.
- Operating Margin for Q1 2026 stood at 15.57%, down from 15.99% in the prior quarter.
- Over the last five years, Operating Margin for CTSH reached as high as 16.68% in Q1 2025 and fell as low as 11.81% in Q2 2023.
- Historically, Operating Margin has averaged 15.01% across 5 years, with a median of 15.0% in 2022.
- Across the five-year window, Operating Margin sank 368 bps in 2023 and surged 279 bps in 2024, its largest moves.
- Year by year, Operating Margin stood at 14.18% in 2022, then increased by 7 bps to 15.22% in 2023, then slipped by 3 bps to 14.78% in 2024, then gained by 8 bps to 15.99% in 2025, then fell by 3 bps to 15.57% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 15.57% in Q1 2026, 15.99% in Q4 2025, and 15.99% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 15.24% |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 16.96% |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | 26.97% |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 21.09% |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | - |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 12.84% |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 15.57% |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | 16.01% |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 18.40% |
| 10 | Cdw | 16.66 Bn | 16.08 Bn | 1.19 Bn | 6.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.57% |
| Dec 31, 2025 | 15.99% |
| Sep 30, 2025 | 15.99% |
| Jun 30, 2025 | 15.58% |
| Mar 31, 2025 | 16.68% |
| Dec 31, 2024 | 14.78% |
| Sep 30, 2024 | 14.63% |
| Jun 30, 2024 | 14.60% |
| Mar 31, 2024 | 14.60% |
| Dec 31, 2023 | 15.22% |
| Sep 30, 2023 | 14.01% |
| Jun 30, 2023 | 11.81% |
| Mar 31, 2023 | 14.59% |
| Dec 31, 2022 | 14.18% |
| Sep 30, 2022 | 16.43% |
| Jun 30, 2022 | 15.49% |
| Mar 31, 2022 | 15.00% |
| Dec 31, 2021 | 15.32% |
| Sep 30, 2021 | 15.37% |
| Jun 30, 2021 | 15.18% |