Conduent Incorporated (CNDT) Revenue History
Annual and quarterly revenue from 2014 to present
CNDT Revenue Over Time (2014–2025)
CNDT Revenue Growth History
0 of 11 years with positive growth- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- -4.0%
- FY2016 revenue growth
- -3.8%
- FY2017 revenue growth
- -6.0%
- FY2018 revenue growth
- -10.4%
- FY2019 revenue growth
- -17.2%
- FY2020 revenue growth
- -6.8%
- FY2021 revenue growth
- -0.6%
- FY2022 revenue growth
- -6.8%
- FY2023 revenue growth
- -3.5%
- FY2024 revenue growth
- -9.8%
- FY2025 revenue growth
- -9.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $723.0M | -3.7% |
| Q4 2025 | $770.0M | -3.8% |
| Q3 2025 | $767.0M | -5.0% |
| Q2 2025 | $754.0M | -8.9% |
| Q1 2025 | $751.0M | -18.5% |
| Q4 2024 | $800.0M | -16.1% |
| Q3 2024 | $807.0M | -13.4% |
| Q2 2024 | $828.0M | -9.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
CNDT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CNDT Revenue Analysis (2014–2025)
Current Revenue & Growth
As of June 22, 2026, Conduent Incorporated (CNDT) generated trailing twelve-month (TTM) revenue of $3.01 billion, reflecting slight decline in growth of -3.7% year-over-year. The most recent quarter (Q1 2026) recorded $723.0 million in revenue, down 6.1% sequentially.
Historical Growth Trajectory
CNDT's 5-year compound annual growth rate (CAGR) stands at -6.1%, indicating revenue contraction over this period. The 3-year CAGR of -7.6% is below the 5-year average, signalling a growth deceleration in recent years. Conduent Incorporated's highest annual revenue of $6.94 billion was recorded in 2014.
Revenue by Segment
CNDT's revenue is primarily driven by Commercial Segment (50%), Government Segment (30%), and Transportation Services (20%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Technology sector peers — including UIS (+0.1% YoY), MMS (-1.4% YoY), and IBM (+9.7% YoY) — CNDT has underperformed the peer group in revenue growth. Compare CNDT vs UIS →
CNDT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CNDTCurrent | $3.0B | -3.7% | -6.1% | -1.9% | |
 UIS | $2.0B | +0.1% | -0.8% | 6.8% | |
 MMS | $5.4B | -1.4% | +9.4% | 10.6% | |
 IBM | $67.5B | +9.7% | +4.1% | 15.3% | |
 ACN | $69.7B | +6.7% | +9.5% | 14.7% | |
 WEX | $2.7B | +3.3% | +11.3% | 25.4% |
CNDT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.04B | -9.4% | $552.0M | 18.1% | $-58,000,000 | -1.9% |
| 2024 | $3.36B | -9.8% | $626.0M | 18.7% | $165.0M | 4.9% |
| 2023 | $3.72B | -3.5% | $834.0M | 22.4% | $369.0M | 9.9% |
| 2022 | $3.86B | -6.8% | $840.0M | 21.8% | $163.0M | 4.2% |
| 2021 | $4.14B | -0.6% | $1.00B | 24.2% | $102.0M | 2.5% |
| 2020 | $4.16B | -6.8% | $954.0M | 22.9% | $485.0M | 11.7% |
| 2019 | $4.47B | -17.2% | $973.0M | 21.8% | $486.0M | 10.9% |
| 2018 | $5.39B | -10.4% | $1.21B | 22.5% | $180.0M | 3.3% |
| 2017 | $6.02B | -6.0% | $1.04B | 17.4% | $174.0M | 2.9% |
| 2016 | $6.41B | -3.8% | $910.0M | 14.2% | $-87,000,000 | -1.4% |
| 2015 | $6.66B | -4.0% | $685.0M | 10.3% | $-316,000,000 | -4.7% |
| 2014 | $6.94B | - | $1.14B | 16.4% | $183.0M | 2.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
12+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
CNDT — Frequently Asked Questions
Quick answers to the most common questions about buying CNDT stock.
Is CNDT's revenue growth accelerating or slowing?
CNDT revenue growth is slowing. TTM revenue is $3.0B, up -3.7% year-over-year — below the 5-year CAGR of -6.1%. The deceleration suggests maturing end-markets or increased competition.
What is CNDT's revenue history from 2014 to 2026?
Conduent Incorporated (CNDT) revenue history spans 2014 to 2026. TTM revenue as of 2026 is $3.0B, growing at -3.7% YoY. The 5-year CAGR is -6.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CNDT's long-term revenue growth rate (CAGR)?
Conduent Incorporated's 5-year revenue CAGR of -6.1% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -3.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CNDT.
Why does CNDT's quarterly revenue fluctuate?
CNDT quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Conduent Incorporated's revenue data from 2014 to 2026 shows full historical quarterly detail on this page.
How is CNDT's revenue distributed by segment?
CNDT reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CNDT's revenue compare to industry peers?
Conduent Incorporated (CNDT) with TTM revenue of $3.0B and -3.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.