Conduent Incorporated (CNDT) Income Statement
CNDT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCNDT revenue and net income
Where CNDT's revenue goes
2025Each bar shows an amount and its share of revenue. CNDT kept −5.6% of revenue as net income.
CNDT profit margins
CNDT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −9.4% | −7.6% | −6.1% | −7.5% |
| Gross profit | −11.8% | −13.1% | −10.4% | −2.1% |
| Operating income | −135.2% | — | — | — |
| Net income | −139.9% | — | — | — |
| EPS (diluted) | −1,566.7% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CNDT quarterly EPS vs estimates
Conduent beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 6, 2026 (estimate $-0.05).
CNDT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.04B | $3.36B | $3.72B | $3.86B | $4.14B | $4.16B | $4.47B | $5.39B | $6.02B | $6.41B |
| Cost of revenue | $2.49B | $2.73B | $2.89B | $3.02B | $3.14B | $3.21B | $3.49B | $4.18B | $4.98B | $5.50B |
| Gross profit | $552.0M | $626.0M | $834.0M | $840.0M | $1.00B | $954.0M | $973.0M | $1.21B | $1.04B | $910.0M |
| Research & development | $4.0M | $6.0M | $7.0M | $7.0M | $4.0M | $1.0M | $8.0M | $11.0M | $13.0M | $31.0M |
| Sales, general & admin | $412.0M | $455.0M | $452.0M | $440.0M | $544.0M | $468.0M | $479.0M | $560.0M | $615.0M | $686.0M |
| Total operating expenses | $610.0M | $461.0M | $465.0M | $677.0M | $900.0M | $469.0M | $487.0M | $1.03B | $871.0M | $997.0M |
| Operating income | −$58.0M | $165.0M | $369.0M | $163.0M | $102.0M | $485.0M | $486.0M | $180.0M | $174.0M | −$87.0M |
| Interest income | $7.0M | $23.0M | $18.0M | $7.0M | $1.0M | — | $78.0M | $112.0M | $137.0M | $30.0M |
| Interest expense | $48.0M | $75.0M | $111.0M | $84.0M | $55.0M | $60.0M | $78.0M | $112.0M | $137.0M | $40.0M |
| Income before taxes | −$160.0M | $504.0M | −$332.0M | −$127.0M | −$25.0M | −$139.0M | −$1.76B | −$395.0M | −$16.0M | −$1.23B |
| Income taxes | $10.0M | $78.0M | −$36.0M | $55.0M | $3.0M | −$21.0M | $172.0M | $21.0M | −$193.0M | −$244.0M |
| Net income | −$170.0M | $426.0M | −$296.0M | −$182.0M | −$28.0M | −$118.0M | −$1.93B | −$416.0M | $181.0M | −$983.0M |
| EBITDA | $82.0M | $155.0M | $354.0M | $187.0M | $382.0M | $482.0M | $490.0M | $177.0M | $673.0M | −$574.0M |
| EPS (diluted) | −$0.44 | $0.03 | −$0.14 | $0.23 | $0.64 | $0.63 | $0.61 | $1.05 | $0.85 | $0.50 |
| Gross margin | 18.1% | 18.7% | 22.4% | 21.8% | 24.2% | 22.9% | 21.8% | 22.5% | 17.4% | 14.2% |
| Operating margin | −1.9% | 4.9% | 9.9% | 4.2% | 2.5% | 11.7% | 10.9% | 3.3% | 2.9% | −1.4% |
| Net margin | −5.6% | 12.7% | −8.0% | −4.7% | −0.7% | −2.8% | −43.3% | −7.7% | 3.0% | −15.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $531.0M | $723.0M | $770.0M | $767.0M | $754.0M | $751.0M | $800.0M | $807.0M | $828.0M | $921.0M | $953.0M | $932.0M |
| Cost of revenue | $435.0M | $634.0M | $624.0M | $631.0M | $617.0M | $618.0M | $662.0M | $656.0M | $677.0M | $735.0M | $740.0M | $724.0M |
| Gross profit | $96.0M | $89.0M | $146.0M | $136.0M | $137.0M | $133.0M | $138.0M | $151.0M | $151.0M | $186.0M | $213.0M | $208.0M |
| Research & development | $0 | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $2.0M | $1.0M | $1.0M | $2.0M | $2.0M | $2.0M |
| Sales, general & admin | $80.0M | $91.0M | $96.0M | $96.0M | $100.0M | $120.0M | $109.0M | $115.0M | $115.0M | $116.0M | $114.0M | $115.0M |
| Total operating expenses | $140.0M | $92.0M | $143.0M | $97.0M | $101.0M | $130.0M | $162.0M | $116.0M | $116.0M | $118.0M | $116.0M | $117.0M |
| Operating income | −$44.0M | −$3.0M | $3.0M | $39.0M | $36.0M | $3.0M | −$24.0M | $35.0M | $35.0M | $68.0M | $97.0M | $91.0M |
| Interest expense | $13.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $13.0M | $16.0M | $19.0M | $27.0M | $29.0M | $28.0M |
| Income before taxes | −$57.0M | −$27.0M | −$28.0M | −$38.0M | −$38.0M | −$56.0M | −$82.0M | $159.0M | $300.0M | $127.0M | −$4.0M | −$313.0M |
| Income taxes | $12.0M | $6.0M | $5.0M | $8.0M | $2.0M | −$5.0M | −$70.0M | $36.0M | $84.0M | $28.0M | −$10.0M | −$24.0M |
| Net income | −$116.0M | −$33.0M | −$33.0M | −$46.0M | −$40.0M | −$51.0M | −$12.0M | $123.0M | $216.0M | $99.0M | $6.0M | −$289.0M |
| EBITDA | −$1.0M | $32.0M | $34.0M | $22.0M | $34.0M | $4.0M | −$22.0M | $37.0M | $35.0M | $70.0M | $79.0M | $93.0M |
| EPS (diluted) | −$0.18 | −$0.11 | −$0.09 | −$0.09 | −$0.13 | −$0.13 | −$0.15 | −$0.14 | −$0.14 | $0.46 | $0.03 | −$0.09 |
| Gross margin | 18.1% | 12.3% | 19.0% | 17.7% | 18.2% | 17.7% | 17.2% | 18.7% | 18.2% | 20.2% | 22.4% | 22.3% |
| Operating margin | −8.3% | −0.4% | 0.4% | 5.1% | 4.8% | 0.4% | −3.0% | 4.3% | 4.2% | 7.4% | 10.2% | 9.8% |
| Net margin | −21.8% | −4.6% | −4.3% | −6.0% | −5.3% | −6.8% | −1.5% | 15.2% | 26.1% | 10.7% | 0.6% | −31.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CNDT's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CNDT financial results
In fiscal year 2025 (ended December 31, 2025), Conduent reported revenue of $3.0 billion, down 9.4% from the year before. It had a net loss of $170.0 million, a net profit margin of −5.6%. Diluted earnings per share came to −$0.44. Over five years revenue grew at an average rate of −6.1% a year.
See the CNDT stock overview for the latest quote and news, or the CNDT chart for price history and technical indicators.
CNDT income statement FAQ
What is Conduent's annual revenue?
Conduent reported total revenue of $3.0 billion for fiscal year 2025, which ended on December 31, 2025. That was down 9.4% from $3.4 billion the previous year.
Is Conduent profitable?
No. Conduent reported a net loss of $170.0 million in fiscal 2025, a net profit margin of −5.6%; its operating margin was −1.9%.
What is Conduent's gross margin?
Conduent's gross margin was 18.1% in fiscal 2025: for every $100 of revenue, Conduent kept $18 after the direct cost of its products and services.
How much does Conduent spend on research and development?
Conduent spent $4.0 million on research and development in fiscal 2025, 0.1% of revenue.
How fast is Conduent growing?
Revenue grew −6.1% a year on average over the last five fiscal years, from $4.2 billion to $3.0 billion.
What are Conduent's earnings per share?
Conduent earned $-0.44 per diluted share in fiscal 2025, compared with $0.03 a year earlier.
When will Conduent report its next earnings?
Conduent is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Conduent's fiscal year end?
Conduent's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.