C 
Cognizant Technology Solutions CTSH · USD
Information Technology · IT Services · US listing · 🇺🇸 United States
S&P 500
63.60
-1.73%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$21.11bn
FY2016FY2025
Net income
$2.23bn
FY2016FY2025
Free cash flow
$2.60bn
FY2016FY2025
Shareholders' equity
$15.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.11bn | $19.74bn | $19.35bn | $19.43bn | $18.51bn | $16.65bn | $16.78bn | $16.13bn | $14.81bn | $13.49bn |
| Gross profit | $7.12bn | $6.78bn | $6.69bn | $6.98bn | $6.90bn | $5.98bn | $6.15bn | $6.29bn | $5.66bn | $5.38bn |
| Operating income | $3.53bn | $2.89bn | $2.69bn | $2.97bn | $2.83bn | $2.11bn | $2.45bn | $2.80bn | $2.48bn | $2.29bn |
| Net income | $2.23bn | $2.24bn | $2.13bn | $2.29bn | $2.14bn | $1.39bn | $1.84bn | $2.10bn | $1.50bn | $1.55bn |
| Diluted earnings per share | 4.63 | 4.51 | 4.24 | 4.46 | 4.06 | 2.61 | 3.36 | 3.63 | 2.55 | 2.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $20.69bn | $19.97bn | $18.48bn | $17.85bn | $17.85bn | $16.92bn | $16.20bn | $15.91bn | $15.22bn | $14.26bn |
| Cash and short-term investments | $1.91bn | $2.24bn | $2.63bn | $2.50bn | $2.72bn | $2.72bn | $3.42bn | $4.51bn | $5.06bn | $5.17bn |
| Total liabilities | $5.68bn | $5.56bn | $5.26bn | $5.54bn | $5.86bn | $6.09bn | $5.18bn | $4.49bn | $4.55bn | $3.53bn |
| Debt | $598.0m | $931.0m | $663.0m | $659.0m | $677.0m | $723.0m | $764.0m | $745.0m | $873.0m | $878.0m |
| Shareholders' equity | $15.02bn | $14.41bn | $13.23bn | $12.31bn | $11.99bn | $10.84bn | $11.02bn | $11.42bn | $10.67bn | $10.73bn |
| Shares outstanding | 482m | 497m | 501m | 513m | 526m | 534m | 548m | 579m | 589m | 609m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $2.88bn | $2.12bn | $2.33bn | $2.57bn | $2.50bn | $3.30bn | $2.50bn | $2.59bn | $2.41bn | $1.62bn |
| Capital spending | −$288.0m | −$297.0m | −$317.0m | −$332.0m | −$279.0m | −$398.0m | −$392.0m | −$377.0m | −$284.0m | −$300.0m |
| Free cash flow | $2.60bn | $1.83bn | $2.01bn | $2.24bn | $2.22bn | $2.90bn | $2.11bn | $2.21bn | $2.12bn | $1.32bn |
| Dividends paid | −$610.0m | −$600.0m | −$591.0m | −$564.0m | −$509.0m | −$480.0m | −$453.0m | −$468.0m | −$265.0m | −$350.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.48bn | $5.41bn | $5.33bn | $5.42bn | $5.25bn | $5.12bn | $5.08bn | $5.04bn |
| Gross profit | $1.83bn | $1.60bn | $1.66bn | $1.83bn | $1.77bn | $1.72bn | $1.78bn | $1.73bn |
| Operating income | $874.0m | $817.0m | $853.0m | $866.0m | $817.0m | $853.0m | $751.0m | $738.0m |
| Net income | $636.0m | $662.0m | $648.0m | $274.0m | $645.0m | $663.0m | $546.0m | $582.0m |
| Diluted earnings per share | 1.36 | 1.42 | 1.34 | 0.57 | 1.34 | 1.38 | 1.10 | 1.17 |
| Cash from operations | $558.0m | $274.0m | $858.0m | $1.23bn | $398.0m | $400.0m | $920.0m | $847.0m |
| Capital spending | −$99.0m | −$76.0m | −$77.0m | −$67.0m | −$67.0m | −$77.0m | −$83.0m | −$56.0m |
| Free cash flow | $459.0m | $198.0m | $781.0m | $1.16bn | $331.0m | $323.0m | $837.0m | $791.0m |
| Total assets | $20.82bn | $20.50bn | $20.69bn | $20.13bn | $20.16bn | $19.97bn | $19.97bn | $20.16bn |
| Cash and short-term investments | $1.05bn | $1.52bn | $1.91bn | $2.35bn | $1.81bn | $1.99bn | $2.24bn | $2.02bn |
| Debt | $1.71bn | $708.0m | $729.0m | $738.0m | $747.0m | $755.0m | $1.07bn | $1.41bn |
| Shareholders' equity | $14.46bn | $15.07bn | $15.02bn | $14.90bn | $15.29bn | $14.90bn | $14.41bn | $14.45bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 33.7% | 34.3% | 34.6% | 35.9% | 37.3% | 35.9% |
| Operating margin | 16.7% | 14.7% | 13.9% | 15.3% | 15.3% | 12.7% |
| Net margin | 10.6% | 11.3% | 11.0% | 11.8% | 11.5% | 8.4% |
| Return on equity | 14.9% | 15.5% | 16.1% | 18.6% | 17.8% | 12.8% |
| Return on assets | 10.8% | 11.2% | 11.5% | 12.8% | 12.0% | 8.2% |
| Free cash flow yield | 11.1% | 8.2% | 8.9% | 9.5% | 8.9% | 11.7% |
| Revenue growth | 7.0% | 2.0% | -0.4% | 5.0% | 11.1% | -0.8% |
| Earnings growth | -0.4% | 5.4% | -7.2% | 7.2% | 53.5% | -24.4% |
| Current ratio | 2.34x | 2.09x | 2.25x | 2.17x | 2.08x | 1.94x |
| Debt to equity | 0.05x | 0.07x | 0.06x | 0.07x | 0.07x | 0.08x |
| Equity ratio | 72.6% | 72.2% | 71.6% | 69.0% | 67.2% | 64.0% |
| Interest coverage | 95.38x | 53.56x | 65.59x | 156.21x | 314.00x | 88.08x |
| Buybacks as a share of market value | 3.0% | 0.8% | 2.3% | 2.5% | 1.5% | 2.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.8% | 4.9% | 5.4% |
| Operating income | 5.9% | 10.8% | 5.1% |
| Net income | -0.9% | 9.9% | 3.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.0% | 34.6% | 35.2% | 36.6% |
| Operating margin | 15.7% | 15.2% | 14.8% | 15.5% |
| Net margin | 10.9% | 11.2% | 10.8% | 11.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.9 | 17.1 | 17.8 | 12.8 | 21.8 | 31.4 | 18.4 | 17.5 | 27.8 | 22.0 |
| Price to sales | 1.9 | 1.9 | 2.0 | 1.5 | 2.5 | 2.6 | 2.0 | 2.3 | 2.8 | 2.5 |
Market value over time
31 Oct 2016 to 21 Sept 2026, in USD
$31.27bn$27.67bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 7% | 4% | 37% | -34% | 3% | 27% | 1% | -14% | 29% | -3% |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 13 Nov 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.32 | 1.24 | 1.20 | 1.16 | 1.08 | 0.96 | 0.88 | 0.80 |
- 2-for-1 split · 10 Mar 2014
- 2-for-1 split · 17 Oct 2007
- 2-for-1 split · 18 Jun 2004
- 3-for-1 split · 2 Apr 2003
- 2-for-1 split · 17 Mar 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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