CTSH Cognizant Technology Solutions margins

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Relative Growth: Rel. Growth: 46
Relative Strength: Rel. Strength: 61
Relative Valuation: Rel. Valuation: 79
Relative Profitability: Rel. Profitability: 65
Gross margin
33.4%
Operating margin
15.9%
EBITDA margin
19%
Net margin
10.3%

The Cognizant Technology Solutions reports a gross margin of 33.4%, an operating margin of 15.9%, an EBITDA margin of 19%, and a net margin of 10.3%. Operating margin recorded the largest year-over-year gain at 0.5 percentage points, while net margin recorded the largest decline at 1.6 percentage points.

CTSH margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Cognizant Technology Solutions's margins averaged 34.12% gross, 15.1% operating, 18.43% EBITDA, and 11.02% net. The current figures show operating and EBITDA margins are above their three-year averages, while gross and net margins are below their three-year averages.

CTSH margin expansion

Year-over-year margin changes in percentage points

The largest positive change was in operating margin, up 0.5 percentage points. Ebitda margin also expanded by 0.4 percentage points, while gross margin contracted by 0.8 percentage points and net margin by 1.6 percentage points.

Gross margin expansion
-0.8pp
Operating margin expansion
0.5pp
EBITDA margin expansion
0.4pp
Net margin expansion
-1.6pp

CTSH Gross margin

Reviewing the last 3 years, Cognizant Technology Solutions recorded an average gross margin of 34.12%. Cognizant Technology Solutions's current gross margin is 33.4% and is 0.7 percentage points below its three-year average. The highest gross margin for Cognizant Technology Solutions was 34.6% in Dec 2023, while the lowest was 33.4% in Jun 2026.

CTSH Operating margin

Throughout the last 3 years, Cognizant Technology Solutions had an average operating margin of 15.1%. Cognizant Technology Solutions's current operating margin is 15.9% and is 0.8 percentage points above its three-year average. Looking back over the last 3 years, Cognizant Technology Solutions's operating margin reached 16.1% at its highest point in Dec 2025 and 13.9% at its lowest in Dec 2023.

CTSH EBITDA margin

Looking back over the last 3 years, Cognizant Technology Solutions recorded an average EBITDA margin of 18.43%. Cognizant Technology Solutions's current EBITDA margin is 19% and is 0.6 percentage points above its three-year average. The highest EBITDA margin for Cognizant Technology Solutions was 19.3% in Dec 2025, while the lowest was 17.5% in Dec 2023.

CTSH Net margin

Across the last 3 years, Cognizant Technology Solutions's net margin averaged 11.02%. Cognizant Technology Solutions currently reports a net margin of 10.3%, 0.7 percentage points below its three-year average. Net margin was highest at 11.9% in Jun 2025 and lowest at 10.2% in Sep 2025.

CTSH margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 33.4%, CTSH is above the industry average but below the Technology sector average. Compared to its Technology sector average of 52.1%, Cognizant Technology Solutions's gross margin is 36% lower.

CTSH margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Cognizant Technology Solutions's gross margin?

The current gross margin for CTSH is 33.4% as of Jun 30, 2026.

What is Cognizant Technology Solutions's operating margin?

For the period ending Jun 30, 2026, CTSH recorded an operating margin of 15.9%.

What is Cognizant Technology Solutions's EBITDA margin?

As of Jun 30, 2026, CTSH has an EBITDA margin of 19%.

What is Cognizant Technology Solutions's net margin?

The current net margin for CTSH is 10.3% as of Jun 30, 2026.

What are the average margins of CTSH?

Cognizant Technology Solutions's average margins over the last 3 years were 34.1% gross, 15.1% operating, 18.4% EBITDA, and 11.0% net.

What are the highest historical margins of CTSH?

Within the 5-year period, CTSH recorded its highest margins at 37.3% gross in Dec 2021, 16.1% operating in Dec 2025, 19.3% EBITDA in Dec 2025, and 12.1% net in Sep 2022.

What are the lowest historical margins of CTSH?

Over this 5-year history, Cognizant Technology Solutions's margins fell as low as 33.4% gross in Jun 2026, 13.6% operating in Sep 2023, 17.3% EBITDA in Sep 2023, and 10.2% net in Sep 2025.