Cognizant Technology Solutions Corp Class A

CTSH: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cognizant Earnings: Vendor Consolidation Trend Benefits Growth; Shares Undervalued

Luke Yang

Feb 4, 2026

Cognizant finished 2025 strong, with fourth-quarter revenue up 5% and full-year revenue up 7%. Full-year operating margin expanded 140 basis points to 16%, which is the highest since 2018. These positive results were mainly driven by increased fixed-price contracts and effective headcount scaling.

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Cognizant Technology Solutions Corp Class A

Cognizant Earnings: Vendor Consolidation Trend Benefits Growth; Shares Undervalued

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