ZipRecruiter reports declining revenue and losses amid a soft labor market, while Cognizant plans $1.6 billion in capital returns.
Cognizant (CTSH) reported 5.8% revenue growth in Q1 2026 and announced $1.6 billion in capital returns, trading at 12x earnings as enterprise automation demand rises. The company’s performance contrasts with ZipRecruiter’s struggles in a weakening labor market.
ZipRecruiter (ZIP) revenue fell 2.3% year over year to $107.5 million in Q1 2026, with a GAAP net loss of $4.74 million. Full-year 2025 revenue declined 5.27% to $449 million, resulting in a $33 million net loss. CEO Ian Siegel described a “persistently soft labor market,” with unemployment at 4.3% in April 2026.
ZipRecruiter shares have dropped 44.99% over the past year and 84.58% over five years, now valued at a $264 million market cap with negative book value. The stock recently rebounded 13.29% in the past month on retail trader bets, though fundamentals remain weak.