What is Cognizant Technology Solutions's earnings per share (EPS)?

Cognizant Technology Solutions (CTSH) reported diluted earnings per share of $4.56 for fiscal year 2025. This represents a 1.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cognizant Technology Solutions (CTSH) Financials

CTSH

Trailing 12 months to March 31, 2026

Revenue $21.4B +6.5% YoY

Net Income $2.2B -5.4% YoY

EPS (Diluted) $4.60 -3.2% YoY

Free Cash Flow $2.5B +15.7% YoY

Market Cap $27.0B as of Oct 9, 2026

Price / Sales 1.3x on $21.4B revenue, trailing 12 months to March 31, 2026

Price / Earnings 12.1x on $2.2B net income, trailing 12 months to March 31, 2026

Price / Book 1.8x on $15.1B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CTSH SEC filings page.

Cognizant Technology Solutions (CTSH) reported $21.4B in revenue over the twelve months to Mar 31, 2026, up 6.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CTSH FY2025 2026-10-03

Cognizant is built around asset-light cash generation: 2025 growth widened operating margins, while higher taxes kept reported earnings nearly flat.

Operating income rose to $3.389B while operating cash flow reached $2.883B in 2025, showing the operating improvement converted into cash. Yet net income was $2.230B as tax expense reached $1.258B, so the weaker bottom line reflects a below-operating-line drag rather than weaker cash generation.

Operating margin expanded from 14.7% to 16.1% in 2025 even as gross margin slipped, indicating expense discipline below gross profit rather than a richer revenue mix.

Free cash flow rose to $2.595B from $1.827B in 2025, while capital spending remained modest relative to that output. Debt was just 3.6% of equity and shares outstanding fell to 478.2M, showing cash deployment alongside conservative financing.

Financial Health Signals

Financial Health Score 74/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Cognizant Technology Solutions's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Cognizant Technology Solutions has an operating margin of 16.1%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 84/100, reflecting efficient cost management and pricing power. This is up from 14.6% the prior year.

Growth

Cognizant Technology Solutions's revenue grew 7.0% year-over-year to $21.1B, a solid pace of expansion. This earns a growth score of 47/100.

Leverage

Cognizant Technology Solutions carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Cognizant Technology Solutions's current ratio of 2.14 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Cognizant Technology Solutions converts 12.3% of revenue into free cash flow ($2.6B). This strong cash generation earns a score of 68/100.

Returns

Cognizant Technology Solutions earns a strong 14.8% return on equity (ROE), meaning it generates $15 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is down from 15.6% the prior year.

Altman Z-Score Safe

5.68

Cognizant Technology Solutions scores 5.68, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($27.0B) relative to total liabilities ($5.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

Cognizant Technology Solutions passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.29x

For every $1 of reported earnings, Cognizant Technology Solutions generates $1.29 in operating cash flow ($2.9B OCF vs $2.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

91.59x

Cognizant Technology Solutions earns $91.59 in operating income for every $1 of interest expense ($3.4B vs $37.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.4B

YoY+5.8%

QoQ+1.5%

5Y CAGR+4.2%

10Y CAGR+5.4%

Cognizant Technology Solutions generated $5.4B in revenue in Q1 2026. This represents an increase of 5.8% from the same quarter a year earlier. Against the prior quarter it is up 1.5%.

EBITDA

$984.0M

YoY-0.5%

QoQ-0.9%

5Y CAGR+4.0%

10Y CAGR+4.4%

Cognizant Technology Solutions's EBITDA was $984.0M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.5% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.

Net Income

$662.0M

YoY-0.2%

QoQ+2.2%

5Y CAGR+5.6%

10Y CAGR+4.1%

Cognizant Technology Solutions reported $662.0M in net income in Q1 2026. This represents a decrease of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 2.2%.

EPS (Diluted)

$1.39

YoY+3.7%

QoQ+3.7%

5Y CAGR+7.9%

10Y CAGR+6.8%

Cognizant Technology Solutions earned $1.39 per diluted share (EPS) in Q1 2026. This represents an increase of 3.7% from the same quarter a year earlier. Against the prior quarter it is up 3.7%.

Cash & Balance Sheet

Free Cash Flow

$198.0M

YoY-38.7%

QoQ-74.6%

5Y CAGR+16.3%

10Y CAGR+37.8%

Cognizant Technology Solutions generated $198.0M in free cash flow in Q1 2026, representing cash available after capex. This represents a decrease of 38.7% from the same quarter a year earlier. Against the prior quarter it is down 74.6%.

Cash & Debt

$1.5B

YoY-24.0%

QoQ-20.9%

5Y CAGR-5.3%

10Y CAGR-0.1%

Cognizant Technology Solutions held $1.5B in cash against $535.0M in long-term debt as of Q1 2026.

Dividends Per Share

$0.33

YoY+6.5%

Cognizant Technology Solutions paid $0.33 per share in dividends in Q1 2026. This represents an increase of 6.5% from the same quarter a year earlier.

Shares Outstanding

474M

YoY-3.9%

QoQ-0.9%

5Y CAGR-2.1%

10Y CAGR-2.4%

Cognizant Technology Solutions had 474M shares outstanding in Q1 2026. This represents a decrease of 3.9% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.

Margins & Returns

Gross Margin

32.8%

YoY-0.8pp

QoQ-0.9pp

5Y change-4.4pp

Cognizant Technology Solutions's gross margin was 32.8% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.9 percentage points.

Operating Margin

15.6%

YoY-1.1pp

QoQ-0.4pp

5Y change+0.4pp

10Y change-1.7pp

Cognizant Technology Solutions's operating margin was 15.6% in Q1 2026, reflecting core business profitability. This is down 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Net Margin

12.2%

YoY-0.7pp

QoQ+0.1pp

5Y change+0.8pp

10Y change-1.5pp

Cognizant Technology Solutions's net profit margin was 12.2% in Q1 2026, showing the share of revenue converted to profit. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Return on Equity

4.4%

YoY-0.1pp

QoQ+0.1pp

5Y change-0.2pp

10Y change-0.2pp

Cognizant Technology Solutions's ROE was 4.4% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Capital Allocation

Share Buybacks

$444.0M

YoY+112.4%

QoQ+31.4%

5Y CAGR+13.1%

10Y CAGR+5.6%

Cognizant Technology Solutions spent $444.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 112.4% from the same quarter a year earlier. Against the prior quarter it is up 31.4%.

Capital Expenditures

$76.0M

YoY-1.3%

QoQ-1.3%

5Y CAGR-2.9%

10Y CAGR+1.7%

Cognizant Technology Solutions invested $76.0M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 1.3% from the same quarter a year earlier. Against the prior quarter it is down 1.3%.

R&D Spending

Not reported for Q1 2026.

CTSH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CTSH quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$21.4B	$21.1B+7.0%	$19.7B+2.0%	$19.4B-0.4%	$19.4B+5.0%	$18.5B+11.1%	$16.7B-0.8%	$16.8B+4.1%	$16.1B+8.9%	$14.8B+9.8%	$13.5B+8.6%	$12.4B+21.0%	$10.3B+16.1%	$8.8B+20.4%	$7.3B+20.0%	$6.1B
Cost of Revenue	$14.2B	$14.0B+8.0%	$13.0B+2.3%	$12.7B+1.7%	$12.4B+7.3%	$11.6B+8.7%	$10.7B+0.3%	$10.6B+8.1%	$9.8B+7.5%	$9.2B	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$7.2B	$7.1B+5.0%	$6.8B+1.3%	$6.7B-4.2%	$7.0B+1.1%	$6.9B+15.4%	$6.0B-2.7%	$6.1B-2.2%	$6.3B+11.1%	$5.7B	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.2B	$3.2B+0.5%	$3.2B-0.9%	$3.3B-5.5%	$3.4B-1.7%	$3.5B+13.0%	$3.1B+4.3%	$3.0B-1.2%	$3.0B+11.5%	$2.7B-1.2%	$2.7B+8.8%	$2.5B+23.2%	$2.0B+17.9%	$1.7B+10.9%	$1.6B+17.2%	$1.3B
Operating Income	$3.4B	$3.4B+17.2%	$2.9B+7.5%	$2.7B-9.4%	$3.0B+5.0%	$2.8B+33.7%	$2.1B-13.8%	$2.5B-12.4%	$2.8B+12.9%	$2.5B+8.4%	$2.3B+6.9%	$2.1B+13.6%	$1.9B+12.3%	$1.7B+23.2%	$1.4B+19.8%	$1.1B
EBITDA	N/A	$3.9B+14.7%	$3.4B+5.9%	$3.2B-8.3%	$3.5B+4.0%	$3.4B+27.2%	$2.7B-10.3%	$3.0B-9.7%	$3.3B+12.8%	$2.9B+9.6%	$2.7B+7.9%	$2.5B+18.1%	$2.1B+12.7%	$1.9B+22.4%	$1.5B+20.4%	$1.3B
Interest Expense	$32.0M	$37.0M-31.5%	$54.0M+31.7%	$41.0M+115.8%	$19.0M+111.1%	$9.0M-62.5%	$24.0M-7.7%	$26.0M-3.7%	$27.0M+17.4%	$23.0M+21.1%	$19.0M+5.6%	$18.0M+500.0%	$3.0M	$0	$0	N/A
Income Tax	$1.3B	$1.3B+76.4%	$713.0M+6.7%	$668.0M-8.5%	$730.0M+5.3%	$693.0M-1.6%	$704.0M+9.5%	$643.0M-7.9%	$698.0M-39.5%	$1.2B+43.2%	$805.0M+49.1%	$540.0M+11.3%	$485.0M+5.6%	$459.3M+36.6%	$336.3M+17.8%	$285.5M
Net Income	$2.2B	$2.2B-0.4%	$2.2B+5.4%	$2.1B-7.2%	$2.3B+7.2%	$2.1B+53.5%	$1.4B-24.4%	$1.8B-12.3%	$2.1B+39.7%	$1.5B-3.2%	$1.6B-4.4%	$1.6B+12.9%	$1.4B+17.1%	$1.2B+16.9%	$1.1B+19.0%	$883.6M
EPS (Basic)	N/A	$4.57+1.1%	$4.52+7.4%	$4.21-4.8%	$4.42+8.9%	$4.06+57.4%	$2.58-21.8%	$3.30-8.6%	$3.61+42.1%	$2.54-0.8%	$2.56-4.1%	$2.67+12.7%	$2.37+16.7%	$2.03+16.7%	$1.74-40.2%	$2.91
EPS (Diluted)	$4.60	$4.56+1.1%	$4.51+7.1%	$4.21-4.5%	$4.41+8.9%	$4.05+57.6%	$2.57-21.9%	$3.29-8.6%	$3.60+42.3%	$2.53-0.8%	$2.55-3.8%	$2.65+12.8%	$2.35	$2.02+17.4%	$1.72	$2.85
Diluted Shares (Avg)	N/A	489M-1.6%	497M-1.6%	505M-2.7%	519M-1.7%	528M-2.4%	541M-3.4%	560M-4.1%	584M-1.8%	595M-2.5%	610M-0.5%	613M0.0%	613M	610M-0.3%	612M	310M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$5.4B+5.8%	$5.3B+4.9%	$5.4B+7.4%	$5.2B+8.1%	$5.1B+7.5%	$5.1B+6.8%	$5.0B+3.0%	$4.8B-0.7%
Cost of Revenue	$3.6B+7.1%	$3.5B+7.2%	$3.6B+8.2%	$3.5B+8.6%	$3.4B+8.0%	$3.3B+7.0%	$3.3B+3.2%	$3.2B-0.8%
Gross Profit	$1.8B+3.3%	$1.8B+0.8%	$1.8B+5.8%	$1.8B+7.3%	$1.7B+6.4%	$1.8B+6.4%	$1.7B+2.7%	$1.6B-0.5%
SG&A Expenses	$791.0M0.0%	$806.0M-4.5%	$833.0M0.0%	$810.0M+3.7%	$791.0M+3.4%	$844.0M+7.4%	$833.0M+4.0%	$781.0M-5.9%
Operating Income	$843.0M-1.2%	$853.0M+13.6%	$866.0M+17.3%	$817.0M+15.4%	$853.0M+22.7%	$751.0M+3.7%	$738.0M+7.6%	$708.0M+22.7%
EBITDA	$984.0M-0.5%	$993.0M+10.0%	$1.0B+15.5%	$956.0M+14.4%	$989.0M+19.4%	$903.0M+1.8%	$867.0M+6.4%	$836.0M+18.1%
Interest Expense	$7.0M-41.7%	$8.0M-57.9%	$8.0M-42.9%	$9.0M-10.0%	$12.0M+9.1%	$19.0M+72.7%	$14.0M+27.3%	$10.0M0.0%
Income Tax	$208.0M-2.3%	$235.0M+18.1%	$613.0M+260.6%	$197.0M+19.4%	$213.0M+19.0%	$199.0M+2.1%	$170.0M-11.0%	$165.0M+33.1%
Net Income	$662.0M-0.2%	$648.0M+18.7%	$274.0M-52.9%	$645.0M+14.0%	$663.0M+21.4%	$546.0M-2.2%	$582.0M+10.9%	$566.0M+22.2%
EPS (Basic)	$1.39+3.7%	$1.35+21.6%	$0.56-52.1%	$1.31+14.9%	$1.34+21.8%	$1.110.0%	$1.17+12.5%	$1.14+23.9%
EPS (Diluted)	$1.39+3.7%	$1.34+21.8%	$0.56-52.1%	$1.31+14.9%	$1.34+21.8%	$1.10-1.8%	$1.17+12.5%	$1.14+25.3%
Diluted Shares (Avg)	477M-3.6%	N/A	487M-1.8%	492M-1.2%	495M-0.6%	N/A	496M-1.8%	498M-1.8%

Not reported in any period shown, so not listed: R&D Expenses.

CTSH Balance Sheet

CTSH quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$20.7B+3.6%	$20.0B+8.0%	$18.5B+3.5%	$17.9B0.0%	$17.9B+5.5%	$16.9B+4.4%	$16.2B+2.3%	$15.8B+4.1%	$15.2B+6.7%	$14.3B+9.2%	$13.1B+13.8%	$11.5B+41.1%	$8.1B+24.7%	$6.5B+18.4%	$5.5B
Current Assets	$7.8B+4.2%	$7.5B0.0%	$7.5B+3.3%	$7.3B-1.0%	$7.3B+7.2%	$6.9B-10.0%	$7.6B-11.6%	$8.6B-5.5%	$9.1B+5.9%	$8.6B+8.7%	$7.9B+23.2%	$6.4B+4.4%	$6.1B+27.7%	$4.8B+17.8%	$4.1B
Cash & Equivalents	$1.9B-14.8%	$2.2B-14.9%	$2.6B+19.6%	$2.2B+22.3%	$1.8B-33.1%	$2.7B+1.3%	$2.6B+127.8%	$1.2B-39.7%	$1.9B-5.4%	$2.0B-4.3%	$2.1B+5.7%	$2.0B-9.2%	$2.2B+40.9%	$1.6B+19.8%	$1.3B
Short-Term Investments	$13.0M+8.3%	$12.0M-14.3%	$14.0M-95.5%	$310.0M-66.6%	$927.0M+2006.8%	$44.0M-94.4%	$779.0M-76.7%	$3.4B+7.0%	$3.1B-0.1%	$3.1B+11.0%	$2.8B+60.0%	$1.8B+15.0%	$1.5B+18.6%	$1.3B+15.4%	$1.1B
Accounts Receivable	$4.4B+9.4%	$4.1B+5.5%	$3.8B+1.4%	$3.8B+6.7%	$3.6B+15.2%	$3.1B-5.2%	$3.3B+2.1%	$3.2B+11.3%	$2.9B+12.1%	$2.6B+13.4%	$2.3B+14.4%	$2.0B+19.4%	$1.6B+22.5%	$1.3B+14.1%	$1.2B
Long-Term Investments	$111.0M+23.3%	$90.0M-79.3%	$435.0M+1.9%	$427.0M-7.8%	$463.0M+5.2%	$440.0M	$0-100.0%	$6.0M-96.3%	$161.0M	$0	$0	$0	$0	$0	$0
Goodwill	$7.1B+2.2%	$7.0B+14.3%	$6.1B+6.6%	$5.7B+1.6%	$5.6B+11.7%	$5.0B+26.4%	$4.0B+14.3%	$3.5B+28.7%	$2.7B+5.9%	$2.6B+6.2%	$2.4B-0.4%	$2.4B+443.4%	$444.2M+43.7%	$309.2M+7.1%	$288.8M
Total Liabilities	$5.7B+2.1%	$5.6B+5.7%	$5.3B-5.2%	$5.5B-5.4%	$5.9B-3.7%	$6.1B+17.5%	$5.2B+17.2%	$4.4B-2.9%	$4.6B+28.8%	$3.5B-6.6%	$3.8B+1.2%	$3.7B+87.0%	$2.0B+19.9%	$1.7B+7.2%	$1.6B
Current Liabilities	$3.7B+2.1%	$3.6B+7.6%	$3.3B-0.4%	$3.3B-5.2%	$3.5B-0.3%	$3.5B+18.7%	$3.0B+10.1%	$2.7B-4.5%	$2.8B+17.4%	$2.4B-10.9%	$2.7B+4.7%	$2.6B+46.1%	$1.8B+28.8%	$1.4B+13.9%	$1.2B
Non-Current Liabilities	$2.0B+2.3%	$2.0B+2.6%	$1.9B-12.4%	$2.2B-5.8%	$2.3B-8.4%	$2.5B+15.8%	$2.2B+28.4%	$1.7B-0.1%	$1.7B+53.5%	$1.1B+4.4%	$1.1B-6.8%	$1.1B+411.0%	$224.4M-22.6%	$289.9M-16.1%	$345.3M
Long-Term Debt	$543.0M-37.9%	$875.0M+44.4%	$606.0M-5.0%	$638.0M+1.9%	$626.0M-5.6%	$663.0M-5.3%	$700.0M-4.9%	$736.0M+5.4%	$698.0M-12.4%	$797.0M-9.1%	$877.0M-6.5%	$937.5M	$0	N/A	N/A
Total Equity	$15.0B+4.2%	$14.4B+8.9%	$13.2B+7.5%	$12.3B+2.7%	$12.0B+10.7%	$10.8B-1.7%	$11.0B-3.5%	$11.4B+7.1%	$10.7B-0.5%	$10.7B+15.6%	$9.3B+19.9%	$7.7B+26.1%	$6.1B+26.4%	$4.9B+22.8%	$4.0B
Retained Earnings	$15.2B+3.2%	$14.7B+10.4%	$13.3B+5.7%	$12.6B+5.6%	$11.9B+11.5%	$10.7B-3.0%	$11.0B-4.0%	$11.5B+8.9%	$10.5B+0.6%	$10.5B+17.4%	$8.9B+22.2%	$7.3B+24.6%	$5.9B+26.5%	$4.6B+29.3%	$3.6B

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$20.5B+2.7%	$20.7B+3.6%	$20.1B-0.1%	$20.2B+8.5%	$20.0B+8.5%	$20.0B+8.0%	$20.2B+11.5%	$18.6B+3.4%
Current Assets	$7.8B+3.8%	$7.8B+4.2%	$8.1B+7.2%	$7.6B+5.0%	$7.5B+6.5%	$7.5B0.0%	$7.5B+5.9%	$7.2B+4.2%
Cash & Equivalents	$1.5B-24.0%	$1.9B-14.8%	$2.3B+16.3%	$1.8B-18.1%	$2.0B-11.3%	$2.2B-14.9%	$2.0B-8.7%	$2.2B+6.7%
Short-Term Investments	$13.0M+8.3%	$13.0M+8.3%	$13.0M+8.3%	$12.0M0.0%	$12.0M0.0%	$12.0M-14.3%	$12.0M-92.7%	$12.0M-70.0%
Accounts Receivable	$4.6B+8.7%	$4.4B+9.4%	$4.4B+4.4%	$4.4B+10.8%	$4.2B+10.9%	$4.1B+5.5%	$4.2B+10.5%	$4.0B+5.8%
Long-Term Investments	$113.0M+20.2%	$111.0M+23.3%	$107.0M+18.9%	$110.0M+27.9%	$94.0M+13.3%	$90.0M-79.3%	$90.0M-79.2%	$86.0M-79.8%
Goodwill	$7.7B+9.6%	$7.1B+2.2%	$7.1B-0.4%	$7.1B+11.3%	$7.0B+9.6%	$7.0B+14.3%	$7.1B+18.6%	$6.4B+5.4%
Total Liabilities	$5.4B+7.2%	$5.7B+2.1%	$5.2B-8.3%	$4.9B+4.1%	$5.1B+3.1%	$5.6B+5.7%	$5.7B+9.9%	$4.7B-7.5%
Current Liabilities	$3.5B+3.3%	$3.7B+2.1%	$3.4B+1.3%	$3.2B+7.1%	$3.4B+13.1%	$3.6B+7.6%	$3.4B+6.2%	$2.9B-3.6%
Non-Current Liabilities	$1.9B+15.0%	$2.0B+2.3%	$1.8B-22.4%	$1.7B-0.9%	$1.7B-12.8%	$2.0B+2.6%	$2.3B+15.9%	$1.7B-13.5%
Long-Term Debt	$535.0M-5.6%	$543.0M-37.9%	$551.0M-53.4%	$559.0M-5.3%	$567.0M-5.2%	$875.0M+44.4%	$1.2B+92.7%	$590.0M-5.1%
Total Equity	$15.1B+1.1%	$15.0B+4.2%	$14.9B+3.1%	$15.3B+10.0%	$14.9B+10.4%	$14.4B+8.9%	$14.5B+12.2%	$13.9B+7.7%
Retained Earnings	$15.3B+1.5%	$15.2B+3.2%	$14.9B+4.1%	$15.2B+8.5%	$15.0B+10.4%	$14.7B+10.4%	$14.3B+9.1%	$14.0B+7.7%

Not reported in any period shown, so not listed: Inventory.

CTSH Cash Flow Statement

CTSH quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.8B	$2.9B+35.7%	$2.1B-8.8%	$2.3B-9.3%	$2.6B+2.9%	$2.5B-24.4%	$3.3B+32.0%	$2.5B-3.6%	$2.6B+7.7%	$2.4B+46.3%	$1.6B-24.8%	$2.2B+48.5%	$1.5B+3.5%	$1.4B+21.4%	$1.2B+34.0%	$875.2M
Depreciation & Amortization	N/A	$550.0M+1.5%	$542.0M-2.3%	$555.0M-2.5%	$569.0M-0.9%	$574.0M+2.7%	$559.0M+6.3%	$526.0M+5.6%	$498.0M+12.4%	$443.0M+16.9%	$379.0M+14.8%	$330.0M+58.7%	$208.0M+15.6%	$179.9M+14.9%	$156.6M+26.1%	$124.2M
Stock-Based Compensation	N/A	$181.0M+3.4%	$175.0M-0.6%	$176.0M-32.6%	$261.0M+6.1%	$246.0M+6.0%	$232.0M+6.9%	$217.0M-18.7%	$267.0M+20.8%	$221.0M+1.8%	$217.0M+13.0%	$192.0M+42.2%	$135.0M+13.6%	$118.8M+10.7%	$107.4M+19.0%	$90.2M
Capital Expenditures	$287.0M	$288.0M-3.0%	$297.0M-6.3%	$317.0M-4.5%	$332.0M+19.0%	$279.0M-29.9%	$398.0M+1.5%	$392.0M+4.0%	$377.0M+32.7%	$284.0M-5.3%	$300.0M+9.9%	$273.0M+28.8%	$212.0M-19.0%	$261.6M-21.8%	$334.5M+16.0%	$288.2M
Free Cash Flow	$2.5B	$2.6B+42.0%	$1.8B-9.2%	$2.0B-10.0%	$2.2B+0.9%	$2.2B-23.6%	$2.9B+37.7%	$2.1B-4.9%	$2.2B+4.3%	$2.1B+57.8%	$1.3B-29.7%	$1.9B+51.8%	$1.3B+8.5%	$1.2B+38.7%	$838.1M+42.8%	$586.9M
Investing Cash Flow	-$1.0B	-$230.0M+86.0%	-$1.6B-397.3%	-$331.0M-212.3%	-$106.0M+95.1%	-$2.2B-74.8%	-$1.2B-178.0%	$1.6B+197.6%	-$1.6B-179.6%	-$582.0M+39.6%	-$963.0M+29.8%	-$1.4B+56.6%	-$3.2B-332.5%	-$730.8M-28.2%	-$570.0M+33.0%	-$850.3M
Financing Cash Flow	-$2.2B	-$2.3B-148.3%	-$915.0M+43.1%	-$1.6B+17.0%	-$1.9B-61.2%	-$1.2B+40.1%	-$2.0B+21.8%	-$2.6B-51.7%	-$1.7B+14.7%	-$2.0B-167.2%	-$743.0M-8.9%	-$682.0M-145.4%	$1.5B+4964.1%	-$30.9M+91.0%	-$343.0M-34.3%	-$255.5M
Dividends Paid	$614.0M	$610.0M+1.7%	$600.0M+1.5%	$591.0M+4.8%	$564.0M+10.8%	$509.0M+6.0%	$480.0M+6.0%	$453.0M-3.2%	$468.0M+76.6%	$265.0M	$0	$0	N/A	N/A	N/A	N/A
Share Buybacks	$1.6B	$1.4B+127.8%	$605.0M-43.1%	$1.1B-25.2%	$1.4B+84.4%	$771.0M-52.4%	$1.6B-27.9%	$2.2B+78.2%	$1.3B-33.2%	$1.9B+268.9%	$512.0M+11.3%	$460.0M+85.5%	$248.0M+38.5%	$179.0M-65.6%	$520.8M+39.2%	$374.1M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$274.0M-31.5%	$858.0M-6.7%	$1.2B+44.9%	$398.0M+51.9%	$400.0M+321.1%	$920.0M+24.8%	$847.0M+2.3%	$262.0M+627.8%
Depreciation & Amortization	$141.0M+3.7%	$140.0M-2.1%	$135.0M+4.7%	$139.0M+8.6%	$136.0M+2.3%	$143.0M+5.1%	$129.0M0.0%	$128.0M-2.3%
Stock-Based Compensation	$46.0M+9.5%	N/A	N/A	N/A	$42.0M0.0%	N/A	N/A	N/A
Capital Expenditures	$76.0M-1.3%	$77.0M-7.2%	$67.0M+19.6%	$67.0M-15.2%	$77.0M-2.5%	$83.0M+6.4%	$56.0M-23.3%	$79.0M+16.2%
Free Cash Flow	$198.0M-38.7%	$781.0M-6.7%	$1.2B+46.6%	$331.0M+80.9%	$323.0M+1918.8%	$837.0M+27.0%	$791.0M+4.8%	$183.0M+671.9%
Investing Cash Flow	-$806.0M-11414.3%	-$75.0M+5.1%	-$66.0M+94.7%	-$82.0M-3.8%	-$7.0M+97.1%	-$79.0M-147.0%	-$1.3B-528.1%	-$79.0M+7.1%
Financing Cash Flow	-$597.0M+9.1%	-$487.0M+19.1%	-$612.0M-388.7%	-$516.0M-133.5%	-$657.0M-116.1%	-$602.0M-32.3%	$212.0M+147.1%	-$221.0M+37.6%
Dividends Paid	$159.0M+2.6%	$151.0M+0.7%	$151.0M+1.3%	$153.0M+2.0%	$155.0M+2.6%	$150.0M+2.7%	$149.0M+1.4%	$150.0M+1.4%
Share Buybacks	$444.0M+112.4%	$338.0M+119.5%	$463.0M+91.3%	$368.0M+384.2%	$209.0M+57.1%	$154.0M-50.8%	$242.0M-23.2%	$76.0M-64.5%

CTSH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CTSH quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	33.7%-0.6pp	34.3%-0.2pp	34.6%-1.4pp	35.9%-1.4pp	37.3%+1.4pp	35.9%-0.7pp	36.6%-2.4pp	39.0%+0.8pp	38.2%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	16.1%+1.4pp	14.6%+0.8pp	13.9%-1.4pp	15.3%0.0pp	15.3%+2.6pp	12.7%-1.9pp	14.6%-2.7pp	17.4%+0.6pp	16.8%-0.2pp	17.0%-0.3pp	17.3%-1.1pp	18.4%-0.6pp	19.0%+0.4pp	18.5%0.0pp	18.6%
Net Margin	10.6%-0.8pp	11.3%+0.4pp	11.0%-0.8pp	11.8%+0.2pp	11.6%+3.2pp	8.4%-2.6pp	11.0%-2.1pp	13.0%+2.9pp	10.2%-1.3pp	11.5%-1.6pp	13.1%-0.9pp	14.0%+0.1pp	13.9%-0.4pp	14.3%-0.1pp	14.4%
Return on Equity	14.8%-0.7pp	15.6%-0.5pp	16.1%-2.5pp	18.6%+0.8pp	17.8%+5.0pp	12.8%-3.9pp	16.7%-1.7pp	18.4%+4.3pp	14.1%-0.4pp	14.5%-3.0pp	17.5%-1.1pp	18.6%-1.4pp	20.0%-1.6pp	21.7%-0.7pp	22.4%
Return on Assets	10.8%-0.4pp	11.2%-0.3pp	11.5%-1.3pp	12.8%+0.9pp	12.0%+3.7pp	8.2%-3.1pp	11.4%-1.9pp	13.3%+3.4pp	9.9%-1.0pp	10.9%-1.5pp	12.4%-0.1pp	12.5%-2.6pp	15.1%-1.0pp	16.1%+0.1pp	16.0%
Current Ratio	2.140.0x	2.09-0.2x	2.25+0.1x	2.17+0.1x	2.08+0.1x	1.94-0.6x	2.55-0.6x	3.180.0x	3.21-0.3x	3.56+0.6x	2.91+0.4x	2.48-1.0x	3.460.0x	3.50+0.1x	3.38
Debt-to-Equity	0.040.0x	0.060.0x	0.050.0x	0.050.0x	0.050.0x	0.060.0x	0.060.0x	0.060.0x	0.070.0x	0.070.0x	0.090.0x	0.12+0.1x	0.00-0.3x	0.34-0.1x	0.39
Asset Turnover	1.020.0x	0.99-0.1x	1.050.0x	1.09+0.1x	1.04+0.1x	0.98-0.1x	1.040.0x	1.020.0x	0.970.0x	0.950.0x	0.95+0.1x	0.89-0.2x	1.090.0x	1.130.0x	1.11
FCF Margin	12.3%+3.0pp	9.3%-1.1pp	10.4%-1.1pp	11.5%-0.5pp	12.0%-5.4pp	17.4%+4.9pp	12.6%-1.2pp	13.7%-0.6pp	14.3%+4.4pp	10.0%-5.5pp	15.4%+3.1pp	12.3%-0.8pp	13.1%+1.7pp	11.4%+1.8pp	9.6%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	32.8%-0.8pp	33.7%-1.4pp	33.9%-0.5pp	33.7%-0.3pp	33.6%-0.3pp	35.1%-0.1pp	34.4%-0.1pp	33.9%+0.1pp
Operating Margin	15.6%-1.1pp	16.0%+1.2pp	16.0%+1.4pp	15.6%+1.0pp	16.7%+2.1pp	14.8%-0.4pp	14.6%+0.6pp	14.6%+2.8pp
Net Margin	12.2%-0.7pp	12.2%+1.4pp	5.1%-6.5pp	12.3%+0.6pp	13.0%+1.5pp	10.7%-1.0pp	11.5%+0.8pp	11.7%+2.2pp
Return on Equity	4.4%-0.1pp	4.3%+0.5pp	1.8%-2.2pp	4.2%+0.2pp	4.5%+0.4pp	3.8%-0.4pp	4.0%-0.1pp	4.1%+0.5pp
Return on Assets	3.2%-0.1pp	3.1%+0.4pp	1.4%-1.5pp	3.2%+0.2pp	3.3%+0.3pp	2.7%-0.3pp	2.9%0.0pp	3.0%+0.5pp
Current Ratio	2.230.0x	2.140.0x	2.36+0.1x	2.410.0x	2.22-0.1x	2.09-0.2x	2.230.0x	2.46+0.2x
Debt-to-Equity	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.060.0x	0.080.0x	0.040.0x
Asset Turnover	0.260.0x	0.260.0x	0.270.0x	0.260.0x	0.260.0x	0.250.0x	0.250.0x	0.260.0x
FCF Margin	3.7%-2.7pp	14.6%-1.8pp	21.4%+5.7pp	6.3%+2.5pp	6.3%+6.0pp	16.5%+2.6pp	15.7%+0.3pp	3.8%+4.4pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Cognizant Technology Solutions CTSH	FY2025	$21.1B	$2.2B	10.6%	$27.0B	74/100
Fidelity National Information Services, Inc. FIS	FY2025	$10.7B	$382.0M	3.6%	$17.4B	51/100
Wipro Limited WIT	FY2026	$9.9B	$1.4B	14.3%	$16.5B	41/100
Broadridge Financial Solutions Inc BR	FY2026	$7.5B	$1.1B	15.0%	$18.1B	62/100
Leidos Holdings, Inc. LDOS	FY2025	$17.2B	$1.4B	8.4%	$14.2B	58/100
CDW Corporation CDW	FY2025	$22.4B	$1.1B	4.8%	$17.1B	51/100

Where Cognizant Technology Solutions Ranks

Frequently Asked Questions

What is Cognizant Technology Solutions's annual revenue?

Cognizant Technology Solutions (CTSH) reported $21.1B in total revenue for fiscal year 2025. This represents a 7.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cognizant Technology Solutions's revenue growing?

Cognizant Technology Solutions (CTSH) revenue grew by 7.0% year-over-year, from $19.7B to $21.1B in fiscal year 2025.

Is Cognizant Technology Solutions profitable?

Yes, Cognizant Technology Solutions (CTSH) reported a net income of $2.2B in fiscal year 2025, with a net profit margin of 10.6%.

What is Cognizant Technology Solutions's EBITDA?

Cognizant Technology Solutions (CTSH) had EBITDA of $3.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cognizant Technology Solutions have?

As of fiscal year 2025, Cognizant Technology Solutions (CTSH) had $1.9B in cash and equivalents against $543.0M in long-term debt.

What is Cognizant Technology Solutions's gross margin?

Cognizant Technology Solutions (CTSH) had a gross margin of 33.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cognizant Technology Solutions's operating margin?

Cognizant Technology Solutions (CTSH) had an operating margin of 16.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Cognizant Technology Solutions's net profit margin?

Cognizant Technology Solutions (CTSH) had a net profit margin of 10.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Cognizant Technology Solutions pay dividends?

Yes, Cognizant Technology Solutions (CTSH) paid $1.24 per share in dividends during fiscal year 2025.

What is Cognizant Technology Solutions's return on equity (ROE)?

Cognizant Technology Solutions (CTSH) has a return on equity of 14.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Cognizant Technology Solutions's free cash flow?

Cognizant Technology Solutions (CTSH) generated $2.6B in free cash flow during fiscal year 2025. This represents a 42.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cognizant Technology Solutions's operating cash flow?

Cognizant Technology Solutions (CTSH) generated $2.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cognizant Technology Solutions's total assets?

Cognizant Technology Solutions (CTSH) had $20.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Cognizant Technology Solutions's capital expenditures?

Cognizant Technology Solutions (CTSH) invested $288.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Cognizant Technology Solutions buy back shares?

Yes, Cognizant Technology Solutions (CTSH) spent $1.4B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Cognizant Technology Solutions have outstanding?

Cognizant Technology Solutions (CTSH) had 478M shares outstanding as of fiscal year 2025.

What is Cognizant Technology Solutions's current ratio?

Cognizant Technology Solutions (CTSH) had a current ratio of 2.14 as of fiscal year 2025, which is generally considered healthy.

What is Cognizant Technology Solutions's debt-to-equity ratio?

Cognizant Technology Solutions (CTSH) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cognizant Technology Solutions's return on assets (ROA)?

Cognizant Technology Solutions (CTSH) had a return on assets of 10.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cognizant Technology Solutions's P/E ratio?

Cognizant Technology Solutions (CTSH) trades at 12.1x earnings, its market capitalization divided by net income of $2.2B net income, trailing 12 months to March 31, 2026. The market capitalization is $27.0B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cognizant Technology Solutions's price-to-sales ratio?

Cognizant Technology Solutions (CTSH) trades at 1.3x sales, its market capitalization divided by revenue of $21.4B revenue, trailing 12 months to March 31, 2026. The market capitalization is $27.0B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cognizant Technology Solutions's Altman Z-Score?

Cognizant Technology Solutions (CTSH) has an Altman Z-Score of 5.68, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Cognizant Technology Solutions's Piotroski F-Score?

Cognizant Technology Solutions (CTSH) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cognizant Technology Solutions's earnings high quality?

Cognizant Technology Solutions (CTSH) has an earnings quality ratio of 1.29x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cognizant Technology Solutions cover its interest payments?

Cognizant Technology Solutions (CTSH) has an interest coverage ratio of 91.59x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Cognizant Technology Solutions?

Cognizant Technology Solutions (CTSH) scores 74 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.