Exhibit 99.3 Fourth Quarter and Full Year 2025 Financial Results and Highlights February 4, 2026 © 2026 Cognizant Forward-looking statements This earnings supplement includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. These statements include, but are not ...

Core Viewpoint - Cognizant Technology forecasts annual revenue exceeding Wall Street estimates, driven by strong demand for IT services as businesses integrate artificial intelligence into their operations [1] Group 1 - The company anticipates robust growth in revenue due to the increasing adoption of artificial intelligence in various business workflows [1]

Financial Performance - Fourth quarter revenue reached $5.33 billion, a 4.9% increase year-over-year, while full-year revenue was $21.11 billion, up 7.0% year-over-year[4] - Full-year GAAP operating margin improved to 16.1%, a 140 basis point increase year-over-year, while adjusted operating margin was 15.8%, up 50 basis points year-over-year[4] - Adjusted diluted EPS for 2025 was $5.28, reflecting an 11% increase year-over-year, while GAAP diluted EPS was $4.56, a 1% increase year-over-year[4] - Revenues for Q4 2025 reached $5,333 million, a 4.9% increase from $5,082 million in Q4 2024[28] - Full year 2025 revenues totaled $21,108 million, up 6.9% from $19,736 million in 2024[28] - Operating income for Q4 2025 was $853 million, compared to $751 million in Q4 2024, reflecting a 13.6% increase[28] - Net income for Q4 2025 was $648 million, an increase from $546 million in Q4 2024, representing an 18.6% growth[28] - Adjusted diluted EPS for Q4 2025 was $1.34, up from $1.10 in Q4 2024, marking a 22% increase[28] - Adjusted net income for the year ended December 31, 2025, was $2,582 million, an increase from $2,363 million in 2024, representing a growth of 9.3%[32] Shareholder Returns - The company plans to return $1.6 billion to shareholders in 2026 through share repurchases and dividends, including $1 billion in share repurchases[4] - The company repurchased 4.3 million shares in Q4 2025, compared to 1.8 million shares in Q4 2024, indicating a significant increase in share repurchase activity[45] - Dividends paid in Q4 2025 were $151 million, slightly up from $150 million in Q4 2024, indicating stable dividend policy[43] - The remaining authorized balance for stock repurchases as of December 31, 2025, was $1,918 million, indicating strong capacity for future buybacks[45] Growth and Acquisitions - The company signed 28 large deals in 2025, with total contract value (TCV) growth of nearly 50% year-over-year, contributing to trailing 12-month bookings of $28.4 billion, which increased 5% year-over-year[2][6] - Cognizant's acquisition of Belcan contributed approximately 260 basis points to revenue growth for the full year ended December 31, 2025[2] - The company completed the acquisition of 3Cloud, enhancing its expertise in Azure and AI enablement[16] - The acquisition of Belcan contributed approximately 260 basis points to overall revenue growth for the year ended December 31, 2025[41] Operational Efficiency - Voluntary attrition in tech services decreased to 13.9% for the period ended December 31, 2025, down from 15.9% a year earlier[7] - Cost of revenues for Q4 2025 was $3,534 million, an increase from $3,297 million in Q4 2024[28] - The company recognized a gain of $62 million from the sale of property and equipment in 2025[28] - The company reported adjustments for non-cash income and expenses of $94 million in Q4 2025, compared to $40 million in Q4 2024, indicating a rise of 135%[43] Cash Flow and Assets - The company reported a free cash flow of $2,230 million for the full year 2025, compared to $2,240 million in 2024[28] - Net cash provided by operating activities for the twelve months ended December 31, 2025, was $2,883 million, up from $2,124 million in 2024, reflecting a growth of 36%[43] - Free cash flow for Q4 2025 was $781 million, slightly down from $837 million in Q4 2024, while for the twelve months, it increased to $2,665 million from $1,827 million, a growth of 46%[45] - Cash and cash equivalents decreased to $1,901 million in 2025 from $2,231 million in 2024, a decline of 14.8%[36] - Total assets increased to $20,692 million in 2025, up from $19,966 million in 2024, representing a growth of 3.6%[30] - Total liabilities increased to $5,677 million in 2025, compared to $5,558 million in 2024, reflecting a growth of 2.1%[30] - The net cash used in investing activities for the twelve months ended December 31, 2025, was $(230) million, a decrease from $(1,646) million in 2024, reflecting improved cash management[43] Market Position and Strategy - The company launched Cognizant® Resilient IT Operations and expanded partnerships with Microsoft and Adobe to enhance AI capabilities and digital transformation services[13][11] - The company is focused on enhancing its capabilities in AI and digital transformation services, positioning itself as a leader in the market[20] - Cognizant's book-to-bill ratio indicates strong future revenue potential, with significant contracts contributing to bookings[25]

Core Insights - Cognizant reported strong financial results for Q4 and full-year 2025, exceeding revenue guidance and showing growth in adjusted operating margin and adjusted EPS [1][2][3] Financial Performance - Q4 2025 revenue reached $5.3 billion, a 4.9% increase year-over-year, while full-year revenue was $21.1 billion, up 7.0% year-over-year [1][5] - Full-year GAAP EPS was $4.56, a 1% increase year-over-year, and adjusted EPS was $5.28, an 11% increase year-over-year [1][5] - The full-year operating margin was 16.1%, up 140 basis points year-over-year, and adjusted operating margin was 15.8%, up 50 basis points year-over-year [1][5] Guidance for 2026 - For 2026, Cognizant expects adjusted diluted EPS to be in the range of $5.56 to $5.70, representing growth of 5% to 8% [1][2] - The company anticipates full-year 2026 revenue to be between $22.14 billion and $22.66 billion, indicating growth of 4.9% to 7.4% [1][2] Shareholder Returns - Cognizant plans to return $1.6 billion to shareholders in 2026 through share repurchases and dividends, including $1 billion in share repurchases [1][2] - A cash dividend of $0.33 per share was declared for Q1 2026, marking a 6.5% increase [1][2] Bookings and Contracts - Trailing twelve-month bookings increased 5% year-over-year to $28.4 billion, with a book-to-bill ratio of approximately 1.3x [1][5] - In 2025, Cognizant signed 28 large deals, including 12 in Q4, with total contract value growth of nearly 50% year-over-year [1][2] Employee Metrics - Voluntary attrition in tech services was 13.9% for the year ended December 31, 2025, down from 15.9% in the previous year [1][5] - Total headcount as of December 31, 2025, was 351,600, an increase of 14,800 from the previous year [1][5] Strategic Partnerships and Client Engagements - Cognizant renewed a multi-million-dollar collaboration with Travel + Leisure Co. to enhance digital transformation through AI [2][3] - The company entered a five-year IT services agreement with ERIKS to manage operational IT services and support technology modernization [2][3] - Cognizant expanded its partnership with Microsoft to co-build industry-grade AI solutions across key sectors [3][4]

Core Insights - Indian information technology companies experienced a significant loss of nearly Rs 2 lakh crore in market capitalization, marking their worst session in several years due to concerns over a new AI automation tool launched by Anthropic [1] - The Nifty IT index, which includes the ten largest IT firms, fell nearly 6%, representing the largest single-day decline in six years, with Infosys Ltd. and Tata Consultancy Services Ltd. being the most affected [1] Market Reaction - The launch of Anthropic's legal automation tool led to a sharp decline in US and European data analytics, professional services, and software stocks, with major companies like Accenture Plc. and Cognizant Technology Solutions Corp. losing over 9% [2] - The tech-heavy Nasdaq 100 Index closed 1.6% lower following the news [2] Industry Vulnerability - Indian IT firms are heavily reliant on human-led service models, accounting for 60-70% of their operations, which increases their vulnerability to automation-driven disruptions [3] - Analysts predict that AI adoption could result in cost reductions of 20-25%, raising concerns about decreased demand for manual workforce-based services [3] Strategic Pressure - Major players in the sector, including TCS, Infosys, Wipro, and HCL Tech, are under pressure to accelerate their AI, cloud, and automation offerings [4] - The long-term success of these companies will depend on their ability to effectively balance human expertise with AI-driven capabilities [4] Company Background - Anthropic, founded in 2021 by former OpenAI members, is part of a growing number of AI startups focused on developing tools for the legal industry [5] - The company's AI coding tool, Claude Code, was launched publicly in May last year and achieved $1 billion in annualized recurring revenue by November [5]

Pzena Investment Management recently released its fourth-quarter 2025 commentary for “Pzena Focused Value Strategy.” A copy of the letter can be downloaded here. The fourth quarter was defined by strong AI momentum and continued market dominance by mega-cap stocks. In this environment, Pzena Focused Value Strategy underperformed the Russell 1000® Value Index, delivering a net return of 2.5% vs. 3.8% for the Index. Given the limited leadership in the market, the firm still observes appealing valuation differ ...

Core Insights - Cognizant Technology Solutions (CTSH) is set to report its fourth-quarter 2025 results on February 4, 2026, with earnings expected at $1.32 per share, reflecting a 9.09% increase year-over-year [1][8] - The company anticipates fourth-quarter revenues between $5.27 billion and $5.33 billion, indicating a growth of 3.8-4.8% year-over-year [1][8] Revenue Estimates - The Zacks Consensus Estimate for fourth-quarter revenues is $5.31 billion, representing a year-over-year increase of 4.42% [2] Earnings Performance - Cognizant has consistently surpassed the Zacks Consensus Estimate in the last four quarters, with an average surprise of 5.78% [3] Growth Factors - The upcoming performance is expected to benefit from an expanding clientele and a strong pipeline, including 16 large deals signed year-to-date, each valued at $100 million or more [4] - The demand for GenAI solutions in sectors like financial services, healthcare, and manufacturing is anticipated to drive growth, particularly in fraud detection and predictive maintenance [5] Strategic Partnerships - Cognizant's partnerships with major companies such as Microsoft and Rubrik are expected to enhance its service offerings and drive growth [7][9] - The multi-year strategic partnership with Microsoft aims to develop AI solutions and collaborate on large-scale deals across key sectors [7] Clientele Expansion - The company's robust network of partners, including notable firms like IBM, Amazon, and NVIDIA, is likely to contribute to growth in the fourth quarter [6] Conclusion - Cognizant's expanding clientele and AI-driven solutions are projected to support its growth prospects and top-line performance in the upcoming quarter [11]

Core Insights - The partnership between Cognizant and Uniphore aims to develop industry-specific AI solutions utilizing small language models and AI agents, starting with Life Sciences and Banking and Capital Markets [1][4][6] Group 1: Partnership Overview - Cognizant and Uniphore will leverage Uniphore's Business AI Cloud to create and refine small language models, while Cognizant will lead the development and deployment of solutions [2][5] - The collaboration focuses on codifying institutional knowledge and operational context to align AI applications with regulatory and business requirements [2][6] Group 2: Target Industries and Applications - Initial solutions will target Life Sciences and Banking and Capital Markets, addressing specific workflows such as drug discovery and customer onboarding [4][6] - The solutions are designed to be repeatable and scalable, facilitating faster adoption across various clients and regions [4][6] Group 3: Strategic Goals - The partnership aims to deliver AI systems that are tailored to critical business workflows, enhancing accuracy, governance, and operational readiness [3][5] - Cognizant and Uniphore plan to extend their approach to additional industries over time, emphasizing the importance of accuracy, privacy, and governance in AI applications [6]

Core Insights - Cognizant Technology Solutions Corporation (CTSH) is a leading provider of IT, consulting, and business process services, competing with major players like Accenture and Infosys [1] Stock Performance - Over the past month, CTSH has shown a modest gain of 0.53%, indicating steady growth and investor confidence [2] - In the last 10 days, the stock experienced a decline of 3.16%, presenting a potential buying opportunity as it has touched a local minimum, suggesting a possible rebound [2][6] Growth Potential - CTSH's growth potential is forecasted at an impressive 15.09%, driven by market trends, company performance, and industry outlook, making it attractive for investors seeking future appreciation [3] Financial Health - The company has a strong Piotroski Score of 8, indicating robust financial health and effective management, providing reassurance to investors about its stability [4][6] Analyst Target Price - Analysts have set a target price for CTSH at $94.44, reflecting significant upside potential from current levels and confidence in the company's ability to achieve growth objectives [5]

Core Insights - Cognizant Technology Solutions has seen significant institutional investment, with Vanguard Group increasing its holdings by 1.3% to 59,854,530 shares valued at approximately $4.67 billion [1] - The company reported a quarterly earnings per share of $1.39, exceeding the consensus estimate of $1.30, and revenue of $5.42 billion, surpassing the expected $5.32 billion [4] - Analysts have set new price targets for Cognizant, with JPMorgan raising its target from $89.00 to $92.00, and Berenberg Bank setting a target of $107.00 [5] Institutional Ownership - Institutional investors own 92.44% of Cognizant Technology Solutions' stock, indicating strong institutional confidence in the company [1] - AustralianSuper Pty Ltd acquired 65,924 shares valued at approximately $4.42 million during the third quarter [6] Insider Transactions - CEO Ravi Kumar Singisetti sold 2,950 shares at an average price of $85.06, resulting in a 3.77% decrease in his position [2] - Director Michael Patsalos-Fox sold 2,000 shares at an average price of $84.23, representing a 6.30% decrease in his ownership [2] - Insiders sold a total of 27,706 shares valued at $2.32 million over the last quarter, with insiders currently owning 0.32% of the stock [2] Financial Performance - Cognizant's market capitalization stands at $39.61 billion, with a price-to-earnings ratio of 19.04 and a PEG ratio of 1.59 [3] - The company has a debt-to-equity ratio of 0.04, indicating low leverage, and a current ratio of 2.36, suggesting strong liquidity [3] - The stock has a 1-year low of $65.15 and a high of $90.82, reflecting volatility in its price performance [3] Analyst Ratings - The average rating for Cognizant Technology Solutions is "Hold," with nine analysts rating it as a Buy and twelve as a Hold [5] - The average price target for the stock is $90.28, indicating potential upside based on current trading levels [5]