Cognizant reports 4.6% Q3 revenue growth and raises adjusted margin outlook

Cognizant reported third-quarter 2026 revenue of $5.664 billion for the period ended September 30, up 4.6% year over year, with GAAP diluted EPS of $1.39 and adjusted EPS of $1.49. Financial Services revenue rose 12%, while trailing-12-month bookings increased 4% to $28.7 billion; the company also repurchased $258 million of shares and declared a quarterly dividend of $0.33 payable November 25, 2026. Cognizant revised full-year 2026 guidance to 4.0%-4.4% constant-currency revenue growth, approximately 16.1% adjusted operating margin and adjusted EPS of $5.72-$5.79, while estimating total Project Leap costs of $180 million-$250 million through the first quarter of 2027.