Cognizant Technology Solutions Corporation

EDGAR

Annual consolidated revenue for 2025: about USD 21.11B, using the latest reported figures. The previous period, 2024, was about USD 19.74B.

Watchlist

Latest quarter

Revenue

5.66 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 5664000000 USD Source

Operating margin

15.4%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 872000000 USD Source
  • Revenue: 5664000000 USD Source

Operating cash flow

1 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1836000000 USD Source
  • Operating Cash Flow: 832000000 USD Source

Free cash flow

925 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1836000000 USD Source
  • Operating Cash Flow: 832000000 USD Source
  • Capital Expenditure: 254000000 USD Source
  • Capital Expenditure: 175000000 USD Source
Cash and cash equivalents
1.52 billion USD Source
Exact value

1515000000 USD

Long-term debt including current maturities
750 million USD Source
Exact value

750000000 USD

Shares outstanding
448 million shares Source
Exact value

448000000 shares

Reported share-count change

-7.25% · -35 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 483000000 shares · 2025-09-30· Source
  • 448000000 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

21.9 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 21108000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 15775000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 5413000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 5481000000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 5664000000 USD · 2026-07-01 – 2026-09-30 Source

Net income

2.57 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 2230000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 1582000000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 662000000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 636000000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 627000000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

2.69 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 2883000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 2025000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 274000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 832000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 274000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1836000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 832000000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

331 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 288000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 211000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 76000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 175000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 76000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 254000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 175000000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

2.36 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 2883000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 2025000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 274000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 832000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 274000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1836000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 832000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 288000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 211000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 76000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 175000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 76000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 254000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 175000000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 4 of 11 periods available· newest 2018-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +7%

    Prior period

    USD 19.74 billion

    –

    Current period

    USD 21.11 billion

    –

    Exact inputs and evidence

    21108000000 − 19736000000 = 1372000000 USD

    19736000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    21108000000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    -0.4%

    Prior period

    USD 2.24 billion

    –

    Current period

    USD 2.23 billion

    –

    Exact inputs and evidence

    2230000000 − 2240000000 = -10000000 USD

    2240000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2230000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +35.7%

    Prior period

    USD 2.12 billion

    –

    Current period

    USD 2.88 billion

    –

    Exact inputs and evidence

    2883000000 − 2124000000 = 759000000 USD

    2124000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2883000000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -3%

    Prior period

    USD 297 million

    –

    Current period

    USD 288 million

    –

    Exact inputs and evidence

    288000000 − 297000000 = -9000000 USD

    297000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    288000000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 21.11 billion 100% of revenue
  • Operating costs Derived USD 17.72 billion 84% of revenue
  • Operating income USD 3.39 billion 16% of revenue
  • Tax, interest and other Derived USD 1.16 billion 5.5% of revenue
  • Net income USD 2.23 billion 11% of revenue

Cash

  • Operating cash flow USD 2.88 billion 14% of revenue
  • Capital expenditure USD 288 million 1.4% of revenue
  • Free cash flow Derived USD 2.6 billion 12% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 12%83%
  • 2017 10%83%
  • 2018 13%83%
  • 2019 11%85%
  • 2020 87%
  • 2021 12%85%
  • 2022 12%85%
  • 2023 11%86%
  • 2024 11%85%
  • 2025 11%84%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-3113487000000 11198000000 Derived 2289000000 736000000 Derived 1553000000 1345000000 Derived
Source
2017 2017-01-01 – 2017-12-3114810000000 12329000000 Derived 2481000000 977000000 Derived 1504000000 2123000000 Derived
Source
2018 2018-01-01 – 2018-12-3116125000000 13324000000 Derived 2801000000 700000000 Derived 2101000000 2215000000 Derived
Source
2019 2019-01-01 – 2019-12-3116783000000 14330000000 Derived 2453000000 611000000 Derived 1842000000 2107000000 Derived
Source
2020 2020-01-01 – 2020-12-3116652000000 14538000000 Derived 2114000000 722000000 Derived 1392000000 2901000000 Derived
Source
2021 2021-01-01 – 2021-12-3118507000000 15681000000 Derived 2826000000 689000000 Derived 2137000000 2216000000 Derived
Source
2022 2022-01-01 – 2022-12-3119428000000 16460000000 Derived 2968000000 678000000 Derived 2290000000 2236000000 Derived
Source
2023 2023-01-01 – 2023-12-3119353000000 16664000000 Derived 2689000000 563000000 Derived 2126000000 2013000000 Derived
Source
2024 2024-01-01 – 2024-12-3119736000000 16844000000 Derived 2892000000 652000000 Derived 2240000000 1827000000 Derived
Source
2025 2025-01-01 – 2025-12-3121108000000 17719000000 Derived 3389000000 1159000000 Derived 2230000000 2595000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 21.1B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.22.8B17.1B11.4B5.7B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue13487000000
2017Revenue14810000000
2018Revenue16125000000
2019Revenue16783000000
2020Revenue16652000000
2021Revenue18507000000
2022Revenue19428000000
2023Revenue19353000000
2024Revenue19736000000
2025Revenue21108000000

Revenue growth

Change in revenue from the same financial period one year earlier.

7% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12.1%8.6%5.2%1.7%-1.7%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year8.6%
2017Year over year9.8%
2018Year over year8.9%
2019Year over year4.1%
2020Year over year-0.8%
2021Year over year11.1%
2022Year over year5%
2023Year over year-0.4%
2024Year over year2%
2025Year over year7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 16.1% 2025
Net margin 10.6% 2025
Free cash flow margin 12.3% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.18.8%14.1%9.4%4.7%0.0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin17%
2017Operating margin16.8%
2018Operating margin17.4%
2019Operating margin14.6%
2020Operating margin12.7%
2021Operating margin15.3%
2022Operating margin15.3%
2023Operating margin13.9%
2024Operating margin14.7%
2025Operating margin16.1%
2016Net margin11.5%
2017Net margin10.2%
2018Net margin13%
2019Net margin11%
2020Net margin8.4%
2021Net margin11.5%
2022Net margin11.8%
2023Net margin11%
2024Net margin11.3%
2025Net margin10.6%
2016Free cash flow margin10%
2017Free cash flow margin14.3%
2018Free cash flow margin13.7%
2019Free cash flow margin12.6%
2020Free cash flow margin17.4%
2021Free cash flow margin12%
2022Free cash flow margin11.5%
2023Free cash flow margin10.4%
2024Free cash flow margin9.3%
2025Free cash flow margin12.3%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 2.9B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.6B2.7B1.8B890.7M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow1645000000
2017Operating cash flow2407000000
2018Operating cash flow2592000000
2019Operating cash flow2499000000
2020Operating cash flow3299000000
2021Operating cash flow2495000000
2022Operating cash flow2568000000
2023Operating cash flow2330000000
2024Operating cash flow2124000000
2025Operating cash flow2883000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 2.6B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.1B2.3B1.6B783.3M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow1345000000
2017Free cash flow2123000000
2018Free cash flow2215000000
2019Free cash flow2107000000
2020Free cash flow2901000000
2021Free cash flow2216000000
2022Free cash flow2236000000
2023Free cash flow2013000000
2024Free cash flow1827000000
2025Free cash flow2595000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

27.4% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.38.8%29.1%19.4%9.7%0.0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets24.8%
2017Liabilities / assets29.9%
2018Liabilities / assets27.9%
2019Liabilities / assets32%
2020Liabilities / assets36%
2021Liabilities / assets32.8%
2022Liabilities / assets31%
2023Liabilities / assets28.4%
2024Liabilities / assets27.8%
2025Liabilities / assets27.4%

Current assets to current liabilities

Current assets divided by current liabilities.

2.14× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.84×2.88×1.92×0.96×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities3.56×
2017Current assets / current liabilities3.21×
2018Current assets / current liabilities3.18×
2019Current assets / current liabilities2.55×
2020Current assets / current liabilities1.94×
2021Current assets / current liabilities2.08×
2022Current assets / current liabilities2.17×
2023Current assets / current liabilities2.25×
2024Current assets / current liabilities2.09×
2025Current assets / current liabilities2.14×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 1.55 billion
Exact value

Exact value: 1553000000 USD

2016-01-01 – 2016-12-31: 1553000000 USD Inspect Net Income Open source
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USD 1.65 billion
Exact value

Exact value: 1645000000 USD

2016-01-01 – 2016-12-31: 1645000000 USD Inspect Operating Cash Flow Open source
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USD 300 million
Exact value

Exact value: 300000000 USD

2016-01-01 – 2016-12-31: 300000000 USD Inspect Capital Expenditure Open source
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USD 1.35 billion
Calculation and evidence

1645000000 − 300000000 USD

Exact free cash flow: 1345000000 USD

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2017 2017-01-01 – 2017-12-31
USD 1.5 billion
Exact value

Exact value: 1504000000 USD

2017-01-01 – 2017-12-31: 1504000000 USD Inspect Net Income Open source
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USD 2.41 billion
Exact value

Exact value: 2407000000 USD

2017-01-01 – 2017-12-31: 2407000000 USD Inspect Operating Cash Flow Open source
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USD 284 million
Exact value

Exact value: 284000000 USD

2017-01-01 – 2017-12-31: 284000000 USD Inspect Capital Expenditure Open source
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USD 2.12 billion
Calculation and evidence

2407000000 − 284000000 USD

Exact free cash flow: 2123000000 USD

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2018 2018-01-01 – 2018-12-31
USD 2.1 billion
Exact value

Exact value: 2101000000 USD

2018-01-01 – 2018-12-31: 2101000000 USD Inspect Net Income Open source
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USD 2.59 billion
Exact value

Exact value: 2592000000 USD

2018-01-01 – 2018-12-31: 2592000000 USD Inspect Operating Cash Flow Open source
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USD 377 million
Exact value

Exact value: 377000000 USD

2018-01-01 – 2018-12-31: 377000000 USD Inspect Capital Expenditure Open source
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USD 2.22 billion
Calculation and evidence

2592000000 − 377000000 USD

Exact free cash flow: 2215000000 USD

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2019 2019-01-01 – 2019-12-31
USD 1.84 billion
Exact value

Exact value: 1842000000 USD

2019-01-01 – 2019-12-31: 1842000000 USD Inspect Net Income Open source
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USD 2.5 billion
Exact value

Exact value: 2499000000 USD

2019-01-01 – 2019-12-31: 2499000000 USD Inspect Operating Cash Flow Open source
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USD 392 million
Exact value

Exact value: 392000000 USD

2019-01-01 – 2019-12-31: 392000000 USD Inspect Capital Expenditure Open source
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USD 2.11 billion
Calculation and evidence

2499000000 − 392000000 USD

Exact free cash flow: 2107000000 USD

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2020 2020-01-01 – 2020-12-31
USD 1.39 billion
Exact value

Exact value: 1392000000 USD

2020-01-01 – 2020-12-31: 1392000000 USD Inspect Net Income Open source
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USD 3.3 billion
Exact value

Exact value: 3299000000 USD

2020-01-01 – 2020-12-31: 3299000000 USD Inspect Operating Cash Flow Open source
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USD 398 million
Exact value

Exact value: 398000000 USD

2020-01-01 – 2020-12-31: 398000000 USD Inspect Capital Expenditure Open source
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USD 2.9 billion
Calculation and evidence

3299000000 − 398000000 USD

Exact free cash flow: 2901000000 USD

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2021 2021-01-01 – 2021-12-31
USD 2.14 billion
Exact value

Exact value: 2137000000 USD

2021-01-01 – 2021-12-31: 2137000000 USD Inspect Net Income Open source
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USD 2.5 billion
Exact value

Exact value: 2495000000 USD

2021-01-01 – 2021-12-31: 2495000000 USD Inspect Operating Cash Flow Open source
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USD 279 million
Exact value

Exact value: 279000000 USD

2021-01-01 – 2021-12-31: 279000000 USD Inspect Capital Expenditure Open source
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USD 2.22 billion
Calculation and evidence

2495000000 − 279000000 USD

Exact free cash flow: 2216000000 USD

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2022 2022-01-01 – 2022-12-31
USD 2.29 billion
Exact value

Exact value: 2290000000 USD

2022-01-01 – 2022-12-31: 2290000000 USD Inspect Net Income Open source
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USD 2.57 billion
Exact value

Exact value: 2568000000 USD

2022-01-01 – 2022-12-31: 2568000000 USD Inspect Operating Cash Flow Open source
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USD 332 million
Exact value

Exact value: 332000000 USD

2022-01-01 – 2022-12-31: 332000000 USD Inspect Capital Expenditure Open source
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USD 2.24 billion
Calculation and evidence

2568000000 − 332000000 USD

Exact free cash flow: 2236000000 USD

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2023 2023-01-01 – 2023-12-31
USD 2.13 billion
Exact value

Exact value: 2126000000 USD

2023-01-01 – 2023-12-31: 2126000000 USD Inspect Net Income Open source
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USD 2.33 billion
Exact value

Exact value: 2330000000 USD

2023-01-01 – 2023-12-31: 2330000000 USD Inspect Operating Cash Flow Open source
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USD 317 million
Exact value

Exact value: 317000000 USD

2023-01-01 – 2023-12-31: 317000000 USD Inspect Capital Expenditure Open source
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USD 2.01 billion
Calculation and evidence

2330000000 − 317000000 USD

Exact free cash flow: 2013000000 USD

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2024 2024-01-01 – 2024-12-31
USD 2.24 billion
Exact value

Exact value: 2240000000 USD

2024-01-01 – 2024-12-31: 2240000000 USD Inspect Net Income Open source
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USD 2.12 billion
Exact value

Exact value: 2124000000 USD

2024-01-01 – 2024-12-31: 2124000000 USD Inspect Operating Cash Flow Open source
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USD 297 million
Exact value

Exact value: 297000000 USD

2024-01-01 – 2024-12-31: 297000000 USD Inspect Capital Expenditure Open source
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USD 1.83 billion
Calculation and evidence

2124000000 − 297000000 USD

Exact free cash flow: 1827000000 USD

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2025 2025-01-01 – 2025-12-31
USD 2.23 billion
Exact value

Exact value: 2230000000 USD

2025-01-01 – 2025-12-31: 2230000000 USD Inspect Net Income Open source
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USD 2.88 billion
Exact value

Exact value: 2883000000 USD

2025-01-01 – 2025-12-31: 2883000000 USD Inspect Operating Cash Flow Open source
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USD 288 million
Exact value

Exact value: 288000000 USD

2025-01-01 – 2025-12-31: 288000000 USD Inspect Capital Expenditure Open source
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USD 2.6 billion
Calculation and evidence

2883000000 − 288000000 USD

Exact free cash flow: 2595000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

594 filings · 24,048 latest values · 24,048 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001058290, 1058290, CTSH, ctsh, edgar:1058290

Also known as COGNIZANT TECHNOLOGY SOLUTIONS CORP, COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION, Cognizant Technology Solutions Corporation