Cognizant (CTSH)

Nasdaq Information Technology IT Consulting & Other Services S&P 500

$64.72

-1.82 (-2.74%)

Close of Nov 06, 2026 · end-of-day data

Source: Cognizant's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$13.49B	$14.81B	$16.12B	$16.78B	$16.65B	$18.51B	$19.43B	$19.35B	$19.74B	$21.11B
Cost of revenue	—	$9.15B	$9.84B	$10.63B	$10.67B	$11.60B	$12.45B	$12.66B	$12.96B	$13.99B
Gross profit	—	$5.66B	$6.29B	$6.15B	$5.98B	$6.90B	$6.98B	$6.69B	$6.78B	$7.12B
Selling, general & admin	$2.73B	$2.70B	$3.01B	$2.97B	$3.10B	$3.50B	$3.44B	$3.25B	$3.22B	$3.24B
Operating income	$2.29B	$2.48B	$2.80B	$2.45B	$2.11B	$2.83B	$2.97B	$2.69B	$2.89B	$3.39B
Interest expense	$19.00M	$23.00M	$27.00M	$26.00M	$24.00M	$9.00M	$19.00M	$41.00M	$54.00M	$37.00M
Pre-tax income	$2.36B	$2.65B	$2.80B	$2.54B	$2.10B	$2.83B	$3.02B	$2.79B	$2.94B	$3.48B
Income tax	$805.00M	$1.15B	$698.00M	$643.00M	$704.00M	$693.00M	$730.00M	$668.00M	$713.00M	$1.26B
Net income	$1.55B	$1.50B	$2.10B	$1.84B	$1.39B	$2.14B	$2.29B	$2.13B	$2.24B	$2.23B
EBITDA	$2.67B	$2.92B	$3.30B	$2.98B	$2.67B	$3.40B	$3.54B	$3.24B	$3.43B	$3.94B
EPS (basic)	$2.56	$2.54	$3.61	$3.30	$2.58	$4.06	$4.42	$4.21	$4.52	$4.57
EPS (diluted)	$2.55	$2.53	$3.60	$3.29	$2.57	$4.05	$4.41	$4.21	$4.51	$4.56
Diluted shares	610.00M	595.00M	584.00M	560.00M	541.00M	528.00M	519.00M	505.00M	497.00M	489.00M
Gross margin	—	38.2%	39.0%	36.6%	35.9%	37.3%	35.9%	34.6%	34.3%	33.7%
Operating margin	17.0%	16.8%	17.4%	14.6%	12.7%	15.3%	15.3%	13.9%	14.7%	16.1%
Net margin	11.5%	10.2%	13.0%	11.0%	8.4%	11.5%	11.8%	11.0%	11.3%	10.6%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$2.03B	$1.93B	$1.16B	$2.65B	$2.68B	$1.79B	$2.19B	$2.62B	$2.23B	$1.90B
Short-term investments	$3.13B	$3.13B	$3.35B	$779.00M	$44.00M	$927.00M	$310.00M	$14.00M	$12.00M	$13.00M
Receivables	$2.56B	$2.87B	$3.19B	$3.26B	$3.09B	$3.56B	$3.80B	$3.85B	$4.06B	$4.44B
Total current assets	$8.60B	$9.11B	$8.61B	$7.61B	$6.85B	$7.34B	$7.27B	$7.51B	$7.50B	$7.82B
Goodwill	$2.55B	$2.70B	$3.48B	$3.98B	$5.03B	$5.62B	$5.71B	$6.08B	$6.95B	$7.11B
Total assets	$14.26B	$15.22B	$15.85B	$16.20B	$16.92B	$17.85B	$17.85B	$18.48B	$19.97B	$20.69B
Total current liabilities	$2.42B	$2.84B	$2.71B	$2.98B	$3.54B	$3.53B	$3.35B	$3.33B	$3.58B	$3.66B
Short-term debt	$81.00M	$175.00M	$9.00M	$38.00M	$38.00M	$38.00M	$8.00M	$33.00M	$33.00M	$33.00M
Long-term debt	$797.00M	$698.00M	$736.00M	$700.00M	$663.00M	$626.00M	$638.00M	$606.00M	$875.00M	$543.00M
Total debt	$878.00M	$873.00M	$745.00M	$738.00M	$701.00M	$664.00M	$646.00M	$639.00M	$908.00M	$576.00M
Total liabilities	$3.53B	$4.55B	$4.42B	$5.18B	$6.09B	$5.86B	$5.54B	$5.26B	$5.56B	$5.68B
Shareholders' equity	$10.73B	$10.67B	$11.42B	$11.02B	$10.84B	$11.99B	$12.31B	$13.23B	$14.41B	$15.02B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$1.65B	$2.41B	$2.59B	$2.50B	$3.30B	$2.50B	$2.57B	$2.33B	$2.12B	$2.88B
Capital expenditures	$300.00M	$284.00M	$377.00M	$392.00M	$398.00M	$279.00M	$332.00M	$317.00M	$297.00M	$288.00M
Free cash flow	$1.34B	$2.12B	$2.21B	$2.11B	$2.90B	$2.22B	$2.24B	$2.01B	$1.83B	$2.60B
Investing cash flow	-$963.00M	-$582.00M	-$1.63B	$1.59B	-$1.24B	-$2.16B	-$106.00M	-$331.00M	-$1.65B	-$230.00M
Financing cash flow	-$743.00M	-$1.99B	-$1.69B	-$2.57B	-$2.01B	-$1.20B	-$1.94B	-$1.61B	-$915.00M	-$2.27B
Dividends paid	$0	$265.00M	$468.00M	$453.00M	$480.00M	$509.00M	$564.00M	$591.00M	$600.00M	$610.00M
Share buybacks	$512.00M	$1.89B	$1.26B	$2.25B	$1.62B	$771.00M	$1.42B	$1.06B	$605.00M	$1.38B
Stock-based compensation	$217.00M	$221.00M	$267.00M	$217.00M	$232.00M	$246.00M	$261.00M	$176.00M	$175.00M	$181.00M
Depreciation & amortization	$379.00M	$443.00M	$498.00M	$526.00M	$559.00M	$574.00M	$569.00M	$555.00M	$542.00M	$550.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$4.76B	$4.76B	$4.85B	$5.04B	$5.08B	$5.12B	$5.25B	$5.42B	$5.33B	$5.41B	$5.48B	$5.66B
Cost of revenue	$3.08B	$3.15B	$3.20B	$3.31B	$3.30B	$3.40B	$3.48B	$3.58B	$3.53B	$3.64B	$3.65B	$3.75B
Gross profit	$1.68B	$1.61B	$1.65B	$1.73B	$1.78B	$1.72B	$1.77B	$1.83B	$1.80B	$1.77B	$1.83B	$1.91B
Selling, general & admin	$786.00M	$765.00M	$781.00M	$833.00M	$844.00M	$791.00M	$810.00M	$833.00M	$806.00M	$791.00M	$728.00M	$841.00M
Operating income	$724.00M	$695.00M	$708.00M	$738.00M	$751.00M	$853.00M	$817.00M	$866.00M	$853.00M	$843.00M	$874.00M	$872.00M
Interest expense	$11.00M	$11.00M	$10.00M	$14.00M	$19.00M	$12.00M	$9.00M	$8.00M	$8.00M	$7.00M	$13.00M	$19.00M
Pre-tax income	$749.00M	$722.00M	$728.00M	$748.00M	$740.00M	$872.00M	$842.00M	$887.00M	$878.00M	$867.00M	$875.00M	$863.00M
Income tax	$195.00M	$179.00M	$165.00M	$170.00M	$199.00M	$213.00M	$197.00M	$613.00M	$235.00M	$208.00M	$231.00M	$237.00M
Net income	$558.00M	$546.00M	$566.00M	$582.00M	$546.00M	$663.00M	$645.00M	$274.00M	$648.00M	$662.00M	$636.00M	$627.00M
EBITDA	$860.00M	$828.00M	$841.00M	$871.00M	$894.00M	$989.00M	$956.00M	$1.00B	$993.00M	$984.00M	$1.02B	$1.02B
EPS (basic)	$1.11	$1.10	$1.14	$1.17	$1.11	$1.34	$1.31	$0.56	$1.35	$1.39	$1.36	$1.39
EPS (diluted)	$1.12	$1.10	$1.14	$1.17	$1.10	$1.34	$1.31	$0.56	$1.34	$1.39	$1.36	$1.39
Diluted shares	-2.00M	498.00M	498.00M	496.00M	0	495.00M	492.00M	487.00M	-2.00M	477.00M	466.00M	450.00M
Gross margin	35.2%	33.9%	33.9%	34.4%	35.1%	33.6%	33.7%	33.9%	33.7%	32.8%	33.4%	33.8%
Operating margin	15.2%	14.6%	14.6%	14.6%	14.8%	16.7%	15.6%	16.0%	16.0%	15.6%	15.9%	15.4%
Net margin	11.7%	11.5%	11.7%	11.5%	10.7%	13.0%	12.3%	5.1%	12.2%	12.2%	11.6%	11.1%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$2.62B	$2.23B	$2.19B	$2.01B	$2.23B	$1.98B	$1.80B	$2.34B	$1.90B	$1.50B	$1.04B	$1.51B
Short-term investments	$14.00M	$12.00M	$12.00M	$12.00M	$12.00M	$12.00M	$12.00M	$13.00M	$13.00M	$13.00M	$13.00M	$37.00M
Receivables	$3.85B	$3.82B	$3.97B	$4.21B	$4.06B	$4.24B	$4.40B	$4.39B	$4.44B	$4.61B	$4.78B	$4.85B
Total current assets	$7.51B	$7.09B	$7.25B	$7.55B	$7.50B	$7.54B	$7.61B	$8.09B	$7.82B	$7.83B	$7.56B	$8.09B
Goodwill	$6.08B	$6.39B	$6.39B	$7.13B	$6.95B	$7.01B	$7.12B	$7.10B	$7.11B	$7.68B	$8.08B	$8.08B
Total assets	$18.48B	$18.41B	$18.58B	$20.16B	$19.97B	$19.97B	$20.16B	$20.13B	$20.69B	$20.50B	$20.82B	$21.33B
Total current liabilities	$3.33B	$3.01B	$2.95B	$3.39B	$3.58B	$3.41B	$3.16B	$3.43B	$3.66B	$3.52B	$3.46B	$3.64B
Short-term debt	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$0
Long-term debt	$606.00M	$598.00M	$590.00M	$1.18B	$875.00M	$567.00M	$559.00M	$551.00M	$543.00M	$535.00M	$1.53B	$1.55B
Total debt	$639.00M	$631.00M	$623.00M	$1.22B	$908.00M	$600.00M	$592.00M	$584.00M	$576.00M	$568.00M	$1.56B	$1.55B
Total liabilities	$5.26B	$4.92B	$4.68B	$5.71B	$5.56B	$5.07B	$4.88B	$5.24B	$5.68B	$5.43B	$6.36B	$6.60B
Shareholders' equity	$13.23B	$13.49B	$13.90B	$14.45B	$14.41B	$14.90B	$15.29B	$14.90B	$15.02B	$15.07B	$14.46B	$14.73B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$737.00M	$95.00M	$262.00M	$847.00M	$920.00M	$400.00M	$398.00M	$1.23B	$858.00M	$274.00M	$558.00M	$1.00B
Capital expenditures	$78.00M	$79.00M	$79.00M	$56.00M	$83.00M	$77.00M	$67.00M	$67.00M	$77.00M	$76.00M	$99.00M	$79.00M
Free cash flow	$659.00M	$16.00M	$183.00M	$791.00M	$837.00M	$323.00M	$331.00M	$1.16B	$781.00M	$198.00M	$459.00M	$925.00M
Investing cash flow	$168.00M	-$238.00M	-$79.00M	-$1.25B	-$79.00M	-$7.00M	-$82.00M	-$66.00M	-$75.00M	-$806.00M	-$703.00M	-$108.00M
Financing cash flow	-$455.00M	-$304.00M	-$221.00M	$212.00M	-$602.00M	-$657.00M	-$516.00M	-$612.00M	-$487.00M	-$597.00M	-$320.00M	-$418.00M
Dividends paid	$146.00M	$151.00M	$150.00M	$149.00M	$150.00M	$155.00M	$153.00M	$151.00M	$151.00M	$159.00M	$157.00M	$149.00M
Share buybacks	$313.00M	$133.00M	$76.00M	$242.00M	$154.00M	$209.00M	$368.00M	$463.00M	$338.00M	$444.00M	$1.16B	$270.00M
Stock-based compensation	$43.00M	$42.00M	$48.00M	$44.00M	$41.00M	$42.00M	$48.00M	$47.00M	$44.00M	$46.00M	$53.00M	$50.00M
Depreciation & amortization	$136.00M	$133.00M	$133.00M	$133.00M	$143.00M	$136.00M	$139.00M	$135.00M	$140.00M	$141.00M	$143.00M	$149.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.