Company: CNDT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001677703-25-000152
Chunk: 43

Company: CONDUENT Inc
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 The Government segment provides government-centric business process services and solutions to U.S. federal, state, local and foreign governments for public assistance, healthcare programs and administration, transaction processing, payment services and case management. In this segment, the Company helps governments respond to changing rules for eligibility and keep pace with increasing citizen expectations, modernize legacy technology systems, combat benefits fraud and shift in response to an evolving regulatory environment.•Transportation: The Transportation segment provides government agencies and transportation authorities around the world with systems, support and revenue-generating solutions serving toll and fare collections as well as mobility and digital payments that help streamline operations and increase revenue to government transportation agencies. With an expanded focus on sustainability and enhancing the quality of life for citizens and communities around the world, the Company's solutions help reduce congestion and greenhouse emissions, while creating seamless travel experiences for consumers throughout transportation ecosystems.Selected financial information for the Company's segments is as follows:Three Months Ended September 30,(in millions)CommercialGovernmentTransportationTotal(1)2025Segment revenue$367 $238 $162 $767 ExpensesWages and benefits$247 $96 $61 $404 Services and supplies47 63 84 194 Rent lease and maintenance expense36 18 12 66 Other operating expense— — 1 1 Depreciation and amortization expense20 13 7 40 Segment expenses$350 $190 $165 $705 Segment profit (loss)$17 $48 $(3)$62 2024Segment revenue$385 $255 $141 $781 ExpensesWages and benefits$265 $107 $61 $433 Services and supplies49 72 66 187 Rent lease and maintenance expense37 16 12 65 Other operating expense— — 2 2 Depreciation and amortization expense19 10 6 35 Segment expenses$370 $205 $147 $722 Segment profit (loss)$15 $50 $(6)$59 __________(1)    Total excludes Divestitures and Unallocated Costs.

CNDT Q3 2025 Form 10-Q12

Nine Months Ended September 30,(in millions)CommercialGovernmentTransportationTotal(1)2025Segment revenue$1,134 $692 $446 $2,272 ExpensesWages and benefits$761 $290 $187 $1