What is CTSH revenue?

Cognizant Technology Solutions Corporation (CTSH) reported $21.89B of revenue for the twelve months ended Sep 30, 2026. That is up 5.0% from the year before. Revenue for fiscal 2025 was $21.11B.

Yes. Cognizant Technology Solutions Corporation earned $2.57B in net income for the twelve months ended Sep 30, 2026, a net margin of 11.8%.

How much cash and debt does CTSH have?

Cognizant Technology Solutions Corporation reported $1.51B in cash and cash equivalents and $1.55B of debt on its most recent balance sheet in SEC filings.

How fast is CTSH revenue growing?

Cognizant Technology Solutions Corporation's revenue changed +7.0% in fiscal 2025, to $21.11B. Its compound annual growth rate was +4.9% over 5 years and +5.4% over 10 years.

What is CTSH free cash flow?

Cognizant Technology Solutions Corporation generated $2.36B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.69B less capital expenditures.

What is CTSH earnings per share?

Diluted earnings per share were $5.49 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did CTSH last report financial results?

The latest statements here come from Cognizant Technology Solutions Corporation's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.

Financials · CTSH

Cognizant Technology Solutions Corporation (CTSH) financials

For the twelve months ended Sep 30, 2026, Cognizant Technology Solutions Corporation reported $21.89B of revenue and $2.57B of net income.

Revenue, TTM: $21.89B
Revenue growth, YoY: +5.0%
Net income, TTM: $2.57B
Net income growth, YoY: +20.9%
Net margin: 11.8%
Free cash flow, TTM: $2.36B
EPS, diluted, TTM: $5.49
EPS growth, YoY: +27.4%
Cash: $1.51B
Total debt: $1.55B
P/E: 11.24
P/S: 1.32
Market cap: $28.93B

Annual revenue$21.11B

FY2016FY2025

Annual net income$2.23B

FY2016FY2025

Annual free cash flow$2.60B

FY2016FY2025

CTSH revenue and earnings growth

CTSH revenueQ3 2026$5.66B

Quarter YoY: +4.6%
QoQ: +3.3%
FY YoY: +7.0%
5Y CAGR: +4.9%
10Y CAGR: +5.4%

CTSH revenue was $5.66B in fiscal Q3 2026 (ended Sep 30, 2026), up 4.6% from a year earlier and up 3.3% from the prior quarter. For the full fiscal 2025 it was $21.11B, up 7.0% from fiscal 2024. Compound annual growth was +4.9% over 5 years and +5.4% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

CTSH net incomeQ3 2026$627.00M

Quarter YoY: +128.8%
QoQ: -1.4%
FY YoY: -0.4%
5Y CAGR: +9.9%
10Y CAGR: +3.2%

CTSH net income was $627.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 128.8% from a year earlier and down 1.4% from the prior quarter. For the full fiscal 2025 it was $2.23B, down 0.4% from fiscal 2024. Compound annual growth was +9.9% over 5 years and +3.2% over 10 years. It rose in 4 of the last 10 fiscal years.

CTSH EPSQ3 2026$1.39

Quarter YoY: +148.2%
QoQ: +2.2%
FY YoY: +1.1%
5Y CAGR: +12.2%
10Y CAGR: +5.6%

CTSH diluted EPS was $1.39 in fiscal Q3 2026 (ended Sep 30, 2026), up 148.2% from a year earlier and up 2.2% from the prior quarter. For the full fiscal 2025 it was $4.56, up 1.1% from fiscal 2024. Compound annual growth was +12.2% over 5 years and +5.6% over 10 years.

CTSH free cash flowQ3 2026$925.00M

Quarter YoY: -20.3%
QoQ: +101.5%
FY YoY: +42.0%
5Y CAGR: -2.2%
10Y CAGR: +3.1%

CTSH free cash flow was $925.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 20.3% from a year earlier and up 101.5% from the prior quarter. For the full fiscal 2025 it was $2.60B, up 42.0% from fiscal 2024. Compound annual growth was -2.2% over 5 years and +3.1% over 10 years. It rose in 5 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$21.11B	$19.74B	$19.35B	$19.43B	$18.51B	$16.65B	$16.78B	$16.13B	$14.81B	$13.49B
Selling, general and admin	$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	$37.00M	$54.00M	$41.00M	$19.00M	$9.00M	$24.00M	$26.00M	$27.00M	$23.00M	$19.00M
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	$713.00M	$668.00M	$730.00M	$693.00M	$704.00M	$643.00M	$698.00M	$1.15B	$805.00M
Net income	$2.23B	$2.24B	$2.13B	$2.29B	$2.14B	$1.39B	$1.84B	$2.10B	$1.50B	$1.55B
EPS, basic	$4.57	$4.52	$4.21	$4.42	$4.06	$2.58	$3.30	$3.61	$2.54	$2.56
EPS, diluted	$4.56	$4.51	$4.21	$4.41	$4.05	$2.57	$3.29	$3.60	$2.53	$2.55
Diluted shares	489.0M	497.0M	505.0M	519.0M	528.0M	541.0M	560.0M	584.0M	595.0M	610.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
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	$13.00M	$12.00M	$14.00M	$310.00M	$927.00M	$44.00M	$779.00M	$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
Current assets	$7.82B	$7.50B	$7.51B	$7.27B	$7.34B	$6.85B	$7.61B	$8.61B	$9.11B	$8.60B
Goodwill	$7.11B	$6.95B	$6.08B	$5.71B	$5.62B	$5.03B	$3.98B	$3.48B	$2.70B	$2.55B
Total assets	$20.69B	$19.97B	$18.48B	$17.85B	$17.85B	$16.92B	$16.20B	$15.85B	$15.22B	$14.26B
Current liabilities	$3.66B	$3.58B	$3.33B	$3.35B	$3.53B	$3.54B	$2.98B	$2.71B	$2.84B	$2.42B
Short-term debt	$33.00M	$33.00M	$33.00M	$8.00M	$38.00M	$38.00M	$38.00M	$9.00M	$175.00M	$81.00M
Long-term debt	$543.00M	$875.00M	$606.00M	$638.00M	$626.00M	$663.00M	$700.00M	$736.00M	$698.00M	$797.00M
Total debt	$576.00M	$908.00M	$639.00M	$646.00M	$664.00M	$701.00M	$738.00M	$745.00M	$873.00M	$878.00M
Total liabilities	$5.68B	$5.56B	$5.26B	$5.54B	$5.86B	$6.09B	$5.18B	$4.42B	$4.55B	$3.53B
Shareholders' equity	$15.02B	$14.41B	$13.23B	$12.31B	$11.99B	$10.84B	$11.02B	$11.42B	$10.67B	$10.73B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$2.88B	$2.12B	$2.33B	$2.57B	$2.50B	$3.30B	$2.50B	$2.59B	$2.41B	$1.65B
Capital expenditures	$288.00M	$297.00M	$317.00M	$332.00M	$279.00M	$398.00M	$392.00M	$377.00M	$284.00M	$300.00M
Free cash flow	$2.60B	$1.83B	$2.01B	$2.24B	$2.22B	$2.90B	$2.11B	$2.21B	$2.12B	$1.34B
Investing cash flow	-$230.00M	-$1.65B	-$331.00M	-$106.00M	-$2.16B	-$1.24B	$1.59B	-$1.63B	-$582.00M	-$963.00M
Financing cash flow	-$2.27B	-$915.00M	-$1.61B	-$1.94B	-$1.20B	-$2.01B	-$2.57B	-$1.69B	-$1.99B	-$743.00M
Dividends paid	$610.00M	$600.00M	$591.00M	$564.00M	$509.00M	$480.00M	$453.00M	$468.00M	$265.00M	$0
Share repurchases	$1.38B	$605.00M	$1.06B	$1.42B	$771.00M	$1.62B	$2.25B	$1.26B	$1.89B	$512.00M
Stock-based compensation	$181.00M	$175.00M	$176.00M	$261.00M	$246.00M	$232.00M	$217.00M	$267.00M	$221.00M	$217.00M
Depreciation and amortization	$550.00M	$542.00M	$555.00M	$569.00M	$574.00M	$559.00M	$526.00M	$498.00M	$443.00M	$379.00M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	7.0%	2.0%	-0.4%	5.0%	11.1%	-0.8%	4.1%	8.9%	9.8%	8.6%
Net income growth, YoY	-0.4%	5.4%	-7.2%	7.2%	53.5%	-24.4%	-12.3%	39.7%	-3.2%	-4.4%
EPS growth, YoY	1.1%	7.1%	-4.5%	8.9%	57.6%	-21.9%	-8.6%	42.3%	-0.8%	-3.8%
Operating margin	16.1%	14.7%	13.9%	15.3%	15.3%	12.7%	14.6%	17.4%	16.8%	17.0%
Net margin	10.6%	11.3%	11.0%	11.8%	11.5%	8.4%	11.0%	13.0%	10.2%	11.5%
Free cash flow margin	12.3%	9.3%	10.4%	11.5%	12.0%	17.4%	12.6%	13.7%	14.3%	10.0%
Return on equity	14.9%	15.5%	16.1%	18.6%	17.8%	12.8%	16.7%	18.4%	14.1%	14.5%
Return on assets	10.8%	11.2%	11.5%	12.8%	12.0%	8.2%	11.4%	13.3%	9.9%	10.9%
Current ratio	2.14	2.09	2.25	2.17	2.08	1.94	2.55	3.18	3.21	3.56
Debt to equity	0.04	0.06	0.05	0.05	0.06	0.06	0.07	0.07	0.08	0.08

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$5.66B	$5.48B	$5.41B	$5.33B	$5.42B	$5.25B	$5.12B	$5.08B	$5.04B	$4.85B	$4.76B	$4.76B
Selling, general and admin	$841.00M	$728.00M	$791.00M	$806.00M	$833.00M	$810.00M	$791.00M	$844.00M	$833.00M	$781.00M	$765.00M	$786.00M
Operating income	$872.00M	$874.00M	$843.00M	$853.00M	$866.00M	$817.00M	$853.00M	$751.00M	$738.00M	$708.00M	$695.00M	$724.00M
Interest expense	$19.00M	$13.00M	$7.00M	$8.00M	$8.00M	$9.00M	$12.00M	$19.00M	$14.00M	$10.00M	$11.00M	$11.00M
Pre-tax income	$863.00M	$875.00M	$867.00M	$878.00M	$887.00M	$842.00M	$872.00M	$740.00M	$748.00M	$728.00M	$722.00M	$749.00M
Income tax	$237.00M	$231.00M	$208.00M	$235.00M	$613.00M	$197.00M	$213.00M	$199.00M	$170.00M	$165.00M	$179.00M	$195.00M
Net income	$627.00M	$636.00M	$662.00M	$648.00M	$274.00M	$645.00M	$663.00M	$546.00M	$582.00M	$566.00M	$546.00M	$558.00M
EPS, basic	$1.39	$1.36	$1.39	$1.36	$0.56	$1.31	$1.34	$1.11	$1.17	$1.14	$1.10	$1.11
EPS, diluted	$1.39	$1.36	$1.39	$1.35	$0.56	$1.31	$1.34	$1.10	$1.17	$1.14	$1.10	$1.12
Diluted shares	450.0M	466.0M	477.0M	-	487.0M	492.0M	495.0M	-	496.0M	498.0M	498.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$1.51B	$1.04B	$1.50B	$1.90B	$2.34B	$1.80B	$1.98B	$2.23B	$2.01B	$2.19B	$2.23B	$2.72B
Short-term investments	$37.00M	$13.00M	$13.00M	$13.00M	$13.00M	$12.00M	$12.00M	$12.00M	$12.00M	$12.00M	$12.00M	$14.00M
Receivables	$4.85B	$4.78B	$4.61B	$4.44B	$4.39B	$4.40B	$4.24B	$4.06B	$4.21B	$3.97B	$3.82B	$3.85B
Current assets	$8.09B	$7.56B	$7.83B	$7.82B	$8.09B	$7.61B	$7.54B	$7.50B	$7.55B	$7.25B	$7.09B	$7.51B
Goodwill	$8.08B	$8.08B	$7.68B	$7.11B	$7.10B	$7.12B	$7.01B	$6.95B	$7.13B	$6.39B	$6.39B	$6.08B
Total assets	$21.33B	$20.82B	$20.50B	$20.69B	$20.13B	$20.16B	$19.97B	$19.97B	$20.16B	$18.58B	$18.41B	$18.48B
Current liabilities	$3.64B	$3.46B	$3.52B	$3.66B	$3.43B	$3.16B	$3.41B	$3.58B	$3.39B	$2.95B	$3.01B	$3.33B
Short-term debt	$0	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M
Long-term debt	$1.55B	$1.53B	$535.00M	$543.00M	$551.00M	$559.00M	$567.00M	$875.00M	$1.18B	$590.00M	$598.00M	$606.00M
Total debt	$1.55B	$1.56B	$568.00M	$576.00M	$584.00M	$592.00M	$600.00M	$908.00M	$1.22B	$623.00M	$631.00M	$639.00M
Total liabilities	$6.60B	$6.36B	$5.43B	$5.68B	$5.24B	$4.88B	$5.07B	$5.56B	$5.71B	$4.68B	$4.92B	$5.26B
Shareholders' equity	$14.73B	$14.46B	$15.07B	$15.02B	$14.90B	$15.29B	$14.90B	$14.41B	$14.45B	$13.90B	$13.49B	$13.23B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$1.00B	$558.00M	$274.00M	$858.00M	$1.23B	$398.00M	$400.00M	$920.00M	$847.00M	$262.00M	$95.00M	$737.00M
Capital expenditures	$79.00M	$99.00M	$76.00M	$77.00M	$67.00M	$67.00M	$77.00M	$83.00M	$56.00M	$79.00M	$79.00M	$78.00M
Free cash flow	$925.00M	$459.00M	$198.00M	$781.00M	$1.16B	$331.00M	$323.00M	$837.00M	$791.00M	$183.00M	$16.00M	$659.00M
Investing cash flow	-$108.00M	-$703.00M	-$806.00M	-$75.00M	-$66.00M	-$82.00M	-$7.00M	-$79.00M	-$1.25B	-$79.00M	-$238.00M	$168.00M
Financing cash flow	-$418.00M	-$320.00M	-$597.00M	-$487.00M	-$612.00M	-$516.00M	-$657.00M	-$602.00M	$212.00M	-$221.00M	-$304.00M	-$455.00M
Dividends paid	$149.00M	$157.00M	$159.00M	$151.00M	$151.00M	$153.00M	$155.00M	$150.00M	$149.00M	$150.00M	$151.00M	$146.00M
Share repurchases	$270.00M	$1.16B	$444.00M	$338.00M	$463.00M	$368.00M	$209.00M	$154.00M	$242.00M	$76.00M	$133.00M	$313.00M
Stock-based compensation	$50.00M	$53.00M	$46.00M	$44.00M	$47.00M	$48.00M	$42.00M	$41.00M	$44.00M	$48.00M	$42.00M	$43.00M
Depreciation and amortization	$149.00M	$143.00M	$141.00M	$140.00M	$135.00M	$139.00M	$136.00M	$143.00M	$129.00M	$128.00M	$133.00M	$136.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	4.6%	4.5%	5.8%	4.9%	7.4%	8.1%	7.5%	6.8%	3.0%	-0.7%	-1.1%	-1.7%
Net income growth, YoY	128.8%	-1.4%	-0.2%	18.7%	-52.9%	14.0%	21.4%	-2.2%	10.9%	22.2%	-5.9%	7.1%
EPS growth, YoY	148.2%	3.8%	3.7%	22.7%	-52.1%	14.9%	21.8%	-1.8%	12.5%	25.3%	-3.5%	10.9%
Operating margin	15.4%	15.9%	15.6%	16.0%	16.0%	15.6%	16.7%	14.8%	14.6%	14.6%	14.6%	15.2%
Net margin	11.1%	11.6%	12.2%	12.2%	5.1%	12.3%	13.0%	10.7%	11.5%	11.7%	11.5%	11.7%
Free cash flow margin	16.3%	8.4%	3.7%	14.6%	21.4%	6.3%	6.3%	16.5%	15.7%	3.8%	0.3%	13.9%
Current ratio	2.22	2.18	2.23	2.14	2.36	2.41	2.22	2.09	2.23	2.46	2.35	2.25
Debt to equity	0.11	0.11	0.04	0.04	0.04	0.04	0.04	0.06	0.08	0.04	0.05	0.05

Source: XBRL data Cognizant Technology Solutions Corporation files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported May 8, 2014.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CTSH peers

Company	Revenue	Growth	Net income	Net margin	Market cap
CTSH	$21.89B	+5.0%	$2.57B	11.8%	$28.93B
ACNAccenture plc	$74.18B	+6.5%	$8.37B	11.3%	$174.20B
INFYInfosys Limited	$20.16B	+4.6%	$3.31B	16.4%	$50.70B
WITWipro Limited	₹926.24B	+4.0%	₹131.97B	14.2%	$21.39B

CTSH FAQ

8 questions

What is CTSH revenue?
Cognizant Technology Solutions Corporation (CTSH) reported $21.89B of revenue for the twelve months ended Sep 30, 2026. That is up 5.0% from the year before. Revenue for fiscal 2025 was $21.11B.
Is CTSH profitable?
Yes. Cognizant Technology Solutions Corporation earned $2.57B in net income for the twelve months ended Sep 30, 2026, a net margin of 11.8%.
How much cash and debt does CTSH have?
Cognizant Technology Solutions Corporation reported $1.51B in cash and cash equivalents and $1.55B of debt on its most recent balance sheet in SEC filings.
How fast is CTSH revenue growing?
Cognizant Technology Solutions Corporation's revenue changed +7.0% in fiscal 2025, to $21.11B. Its compound annual growth rate was +4.9% over 5 years and +5.4% over 10 years.
What is CTSH free cash flow?
Cognizant Technology Solutions Corporation generated $2.36B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.69B less capital expenditures.
What is CTSH earnings per share?
Diluted earnings per share were $5.49 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did CTSH last report financial results?
The latest statements here come from Cognizant Technology Solutions Corporation's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
Where does this CTSH financial data come from?
Quantisnow builds these statements from the structured XBRL data Cognizant Technology Solutions Corporation files with the SEC. It is provided for information only and is not investment advice.