Cognizant reported $6.22B of remaining performance obligations at 30 Sep 2026, up 0% from a year earlier and down 10% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.87.
Net new backlog added in the latest quarter: -$715M.
Over the last twelve months it turned about 341% of its opening backlog into revenue (12-month conversion).
35% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 7.1% of the backlog.
Twelve-month book-to-bill: 1.00, i.e. 1.00 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -5 points — revenue is catching up with orders.
By backlog size it ranks 98th among US filers the cockpit tracks.
Cognizant backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$6.22B
$21.9B
0.3 yrs
$444M
30 Jun 2026
$6.94B
$21.6B
0.3 yrs
$521M
31 Mar 2026
$6.28B
$21.4B
0.3 yrs
$617M
31 Dec 2025
$6.28B
$21.1B
0.3 yrs
$538M
30 Sep 2025
$6.22B
$20.9B
0.3 yrs
$419M
30 Jun 2025
$6.08B
$20.5B
0.3 yrs
$474M
31 Mar 2025
$5.63B
$20.1B
0.3 yrs
$552M
31 Dec 2024
$4.91B
$19.7B
0.2 yrs
$480M
30 Sep 2024
$4.70B
$19.4B
0.2 yrs
$383M
30 Jun 2024
$4.44B
$19.3B
0.2 yrs
$420M
31 Mar 2024
$4.26B
$19.3B
0.2 yrs
$485M
31 Dec 2023
$4.01B
$19.4B
0.2 yrs
$427M
Questions
What is Cognizant's backlog?
Cognizant reported $6.22B of remaining performance obligations at 30 Sep 2026, up 0% from a year earlier and down 10% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.87.
How fast does Cognizant's backlog turn into revenue?
Over the last twelve months Cognizant recognised revenue equal to about 341% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.