COGNIZANT TECHNOLOGY SOLUTIONS CORP CTSH

Technology SIC 7371 - Services-Computer Programming Services NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Custom Computer Programming Services derived Nasdaq

Cognizant is one of the world's leading professional services companies, engineering modern businesses and delivering strategic outcomes for our clients. We help clients modernize technology, reimagine processes and transform experiences so they can stay ahead in today's fast-changing world, where AI is reshaping organizations in every field. As an AI builder, we provide deep expertise at the intersection of industry and technology, combining our perspective with extensive knowledge of our clients' organizations to build industry-specific platforms and incorporate context into systems, AI models and custom solutions. We tailor our services and solutions to specific industries with an integrated global delivery model that employs client service and delivery teams based at client locations and dedicated global and regional delivery centers. Our services include consulting, application development, systems integration, quality engineering and assurance, engineering research and development, application maintenance, infrastructure and security as well as business process services and automation.

Last close 70.54 2026-10-23
Market cap $33.43B 2026-03-31 share count
52-week range 37.08 - 87.03

Valuation FY2025 figures against the last close

P/S1.6x
P/E15.5x
P/FCF12.9x
EV/EBITDA8.1x
Dividend yield1.8%
Diluted EPS4.56

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $21.11B$19.74B$19.35B$19.43B$18.51B$16.65B$16.78B$16.12B$14.81B$13.49B
SG&A $3.24B$3.22B$3.25B$3.44B$3.50B$3.10B$2.97B$3.01B$2.70B$2.73B
Operating income $3.39B$2.89B$2.69B$2.97B$2.83B$2.11B$2.45B$2.80B$2.48B$2.29B
Interest expense $37.0M$54.0M$41.0M$19.0M$9.0M$24.0M$26.0M$27.0M$23.0M$19.0M
Pre-tax income $3.48B$2.94B$2.79B$3.02B$2.83B$2.10B$2.54B$2.80B$2.65B$2.36B
Income tax $1.26B$713.0M$668.0M$730.0M$693.0M$704.0M$643.0M$698.0M$1.15B$805.0M
Net income $2.23B$2.24B$2.13B$2.29B$2.14B$1.39B$1.84B$2.10B$1.50B$1.55B
EPS, basic 4.574.524.214.424.062.583.303.612.542.56
EPS, diluted 4.564.514.214.414.052.573.293.602.532.55
Shares, diluted (wtd. avg.) 489.0M497.0M505.0M519.0M528.0M541.0M560.0M584.0M595.0M610.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.90B$2.23B$2.72B$2.29B$1.79B$2.68B$2.65B$1.16B$1.93B$2.03B
Short-term investments $13.0M$12.0M$14.0M$310.0M$927.0M$44.0M$779.0M$3.35B$3.13B$3.13B
Receivables $4.44B$4.06B$3.85B$3.80B$3.56B$3.09B$3.26B$3.19B$2.87B$2.56B
Total current assets $7.82B$7.50B$7.51B$7.27B$7.34B$6.85B$7.61B$8.61B$9.11B$8.60B
Property, plant and equipment $933.0M$994.0M$1.05B$1.10B$1.17B$1.25B$1.31B$1.39B$1.32B$1.31B
Goodwill $7.11B$6.95B$6.08B$5.71B$5.62B$5.03B$3.98B$3.48B$2.70B$2.55B
Other intangibles $1.42B$1.60B$1.15B$1.17B$1.22B$1.05B$1.04B$1.15B$981.0M$951.0M
Total assets $20.69B$19.97B$18.48B$17.85B$17.85B$16.92B$16.20B$15.85B$15.22B$14.26B
Accounts payable $308.0M$340.0M$337.0M$360.0M$361.0M$389.0M$239.0M$215.0M$210.0M$175.0M
Short-term debt $33.0M$33.0M$33.0M$8.0M$38.0M$38.0M$38.0M$9.0M$175.0M$81.0M
Total current liabilities $3.66B$3.58B$3.33B$3.35B$3.53B$3.54B$2.98B$2.71B$2.84B$2.42B
Long-term debt $543.0M$875.0M$606.0M$638.0M$626.0M$663.0M$700.0M$736.0M$698.0M$797.0M
Total liabilities $5.68B$5.56B$5.26B$5.54B$5.86B$6.09B$5.18B$4.42B$4.55B$3.53B
Retained earnings $15.16B$14.69B$13.30B$12.59B$11.92B$10.69B$11.02B$11.48B$10.54B$10.48B
Total equity $15.02B$14.41B$13.23B$12.31B$11.99B$10.84B$11.02B$11.42B$10.67B$10.73B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.88B$2.12B$2.33B$2.57B$2.50B$3.30B$2.50B$2.59B$2.41B$1.65B
Depreciation and amortisation $550.0M$542.0M$555.0M$569.0M$574.0M$559.0M$526.0M$498.0M$443.0M$379.0M
Stock-based compensation $181.0M$175.0M$176.0M$261.0M$246.0M$232.0M$217.0M$267.0M$221.0M$217.0M
Capital expenditure $288.0M$297.0M$317.0M$332.0M$279.0M$398.0M$392.0M$377.0M$284.0M$300.0M
Investing cash flow -$230.0M-$1.65B-$331.0M-$106.0M-$2.16B-$1.24B$1.59B-$1.63B-$582.0M-$963.0M
Financing cash flow -$2.27B-$915.0M-$1.61B-$1.94B-$1.20B-$2.01B-$2.57B-$1.69B-$1.99B-$743.0M
Dividends paid $610.0M$600.0M$591.0M$564.0M$509.0M$480.0M$453.0M$468.0M$265.0M$0
Buybacks $1.38B$605.0M$1.06B$1.42B$771.0M$1.62B$2.25B$1.26B$1.89B$512.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000290.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 13.5B Net income, FY2016: 1.6B Revenue, FY2017: 14.8B Net income, FY2017: 1.5B Revenue, FY2018: 16.1B Net income, FY2018: 2.1B Revenue, FY2019: 16.8B Net income, FY2019: 1.8B Revenue, FY2020: 16.7B Net income, FY2020: 1.4B Revenue, FY2021: 18.5B Net income, FY2021: 2.1B Revenue, FY2022: 19.4B Net income, FY2022: 2.3B Revenue, FY2023: 19.4B Net income, FY2023: 2.1B Revenue, FY2024: 19.7B Net income, FY2024: 2.2B Revenue, FY2025: 21.1B Net income, FY2025: 2.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $13.49B $14.81B $16.12B $16.78B $16.65B $18.51B $19.43B $19.35B $19.74B $21.11B
Gross profit — — — — — — — — — —
Net income $1.55B $1.50B $2.10B $1.84B $1.39B $2.14B $2.29B $2.13B $2.24B $2.23B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 7371

TickerCompanyMarket capP/ERevenue growth
ZS Zscaler, Inc. $41.60B — 25.4%
VRSN VERISIGN INC/CA $27.12B — 6.4%
EPAM EPAM Systems, Inc. $7.03B 20.3x 15.4%
DOCS Doximity, Inc. $6.10B 34.1x 13.1%
RGTI Rigetti Computing, Inc. $3.85B — -34.3%
IA INNOVATIVE SOLUTIONS & SUPPORT INC $351.9M 22.3x 78.6%
RDNW RideNow Group, Inc. $209.4M — -10.5%
MMTX Miluna Acquisition Corp $90.7M — —