v3.26.3
Segment Information
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Information
Our chief executive officer is our chief operating decision maker. Our CODM regularly reviews the performance of our business by four industry-based operating segments, which are our four reportable business segments: Health Sciences, Financial Services, Products and Resources, and Communications, Media and Technology.
We have an industry-led go-to-market strategy, with client partners, account executives and client relationship managers aligned to the specific industries they serve. Our CODM is regularly provided segment revenues and operating profit, including budget‑to‑actual variances in segment revenue, to formulate industry-focused strategic priorities, allocate financial resources, set targets and key performance indicators, and evaluate the results of such strategies.
In the first quarter of 2026, we made certain changes to the internal measurement of segment operating profit for the purpose of evaluating segment performance and resource allocation. The primary reason for the change was to reflect a more complete cost of delivery. Specifically, segment operating profit now includes the allocation of corporate costs, which were previously included in "unallocated costs", including amortization expense related to acquired intangible assets. Beginning in 2026, segment operating profits have been reported using the new allocation methodology and we have recast the 2025 results to conform to the new methodology.
Revenue from each client is attributed to the operating segment that is most closely aligned with the client's business we serve. Segment operating profit represents income from operations excluding unusual items, such as Project Leap charges (See Note 4) and the partial reversal of the 2019 India Defined Contribution Obligation liability in the second quarter of 2026 (See Note 11), and the gain on sale of property and equipment in the first quarter of 2025 (See Note 1), which are presented as unallocated benefits/costs. Our CODM is not regularly provided with segment expenses.
We do not disclose assets by segment as a significant portion of the assets is used interchangeably among the segments and our CODM is not provided such information.
Information by reportable segment were as follows:
Three Months Ended September 30, 2026Nine Months Ended September 30, 2026
(in millions)
HS
FS
P&R
CMT
Total
HS
FS
P&R
CMT
Total
Revenues
$1,587 $1,767 $1,371 $939 $5,664 $4,738 $5,144 $4,014 $2,662 $16,558 
Less: Other segment items
1,266 1,484 1,184 807 4,741 3,790 4,332 3,484 2,309 13,915 
Segment operating profit$321 $283 $187 $132 $923 $948 $812 $530 $353 $2,643 
Unallocated benefits/(costs)
(51)(54)
Income from operations$872 $2,589 
Three Months Ended September 30, 2025Nine Months Ended September 30, 2025
(in millions)HSFSP&RCMTTotalHSFSP&RCMTTotal
Revenues
$1,604 $1,578 $1,383 $850 $5,415 $4,726 $4,587 $3,967 $2,495 $15,775 
Less: Other segment items
1,293 1,313 1,205 738 4,549 3,835 3,829 3,443 2,194 13,301 
Segment operating profit$311 $265 $178 $112 $866 $891 $758 $524 $301 $2,474 
Unallocated benefits/(costs)
— 62 
Income from operations$866 $2,536 
Other segment items for each reportable segment primarily include employee compensation and benefits, subcontractor costs, costs of third-party products and services and travel expenses.
Geographic Area Information
Long-lived assets by geographic area are as follows:
As of
 (in millions)September 30, 2026December 31, 2025
Long-lived Assets: (1)
North America (2)
$324 $300 
Europe65 67 
Rest of World (3)
591 566 
Total$980 $933 
(1)Long-lived assets include property and equipment, net of accumulated depreciation and amortization.
(2)Substantially all relates to the United States.
(3)Substantially all relates to India.