CTSH
Cognizant Technology Solutions CorporationStock · TechnologyS&P 500 Equal Weight 0.2% · Nasdaq Composite 0.06% · MSCI World 0.03% · S&P 500 0.03% · Russell 1000 0.03% · Russell 3000 0.03% · US Stock Market 0.03% · MSCI ACWI 0.02%$60.00+2.88%
as of market close, Sep 11, 2026
☾ AH — —
CTSH financial statements
The full income statement, balance sheet, and cash-flow statement for Cognizant Technology Solutions Corporation (CTSH), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-03 497.2M2024-06 495.7M2024-09 495.8M2024-12 494.6M2025-03 492.9M2025-06 488.4M2025-09 482.6M2025-12 478.2M2026-03 473.9M-4.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 21.1B+7.0% | 19.7B+2.0% | 19.4B-0.4% | 19.4B+5.0% | 18.5B+11.1% | |
| Selling, general & administrative | 3.24B+0.5% | 3.22B-0.9% | 3.25B-5.5% | 3.44B-1.7% | 3.50B+13.0% | |
| Restructuring | 0.00-100.0% | 134M-41.5% | 229M | 0.00 | 0.00-100.0% | |
| Amortization of intangibles | 218M+16.0% | 188M+13.9% | 165M-10.3% | 184M+1.1% | 182M+19.7% | |
| Provision for credit losses | 11.0M-8.3% | 12.0M+0.0% | 12.0M+33.3% | 9.00M+50.0% | 6.00M-25.0% | |
| Operating income | 3.39B+17.2% | 2.89B+7.5% | 2.69B-9.4% | 2.97B+5.0% | 2.83B+33.7% | |
| Interest expense | 37.0M-31.5% | 54.0M+31.7% | 41.0M+115.8% | 19.0M+111.1% | 9.00M-62.5% | |
| Other non-operating income | 4.00M | 0.00-100.0% | 11.0M+1000.0% | 1.00M | 0.00-100.0% | |
| Equity-method income | 9.00M-40.0% | 15.0M+114.3% | 7.00M+75.0% | 4.00M+33.3% | 3.00M | |
| Pre-tax income | 3.48B+18.4% | 2.94B+5.4% | 2.79B-7.6% | 3.02B+6.7% | 2.83B+34.9% | |
| Income tax | 1.26B+76.4% | 713M+6.7% | 668M-8.5% | 730M+5.3% | 693M-1.6% | |
| Net income | 2.23B-0.4% | 2.24B+5.4% | 2.13B-7.2% | 2.29B+7.2% | 2.14B+53.5% | |
| $4.56+1.1% | $4.51+7.1% | $4.21-4.5% | $4.41+8.9% | $4.05+57.6% | ||
| EPS (basic) | $4.57+1.1% | $4.52+7.4% | $4.21-4.8% | $4.42+8.9% | $4.06+57.4% | |
| Weighted-avg shares (basic) | 488M-1.6% | 496M-1.8% | 505M-2.5% | 518M-1.7% | 527M-2.4% | |
| Weighted-avg shares (diluted) | 489M-1.6% | 497M-1.6% | 505M-2.7% | 519M-1.7% | 528M-2.4% | |
| Dividends per share | $1.24+3.3% | $1.20+3.4% | $1.16+7.4% | $1.08+12.5% | $0.96+9.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 7.82B+4.2% | 7.50B-0.0% | 7.51B+3.3% | 7.27B-1.0% | 7.34B+7.2% | ||
| Cash & equivalents | 1.90B-14.8% | 2.23B-14.9% | 2.62B+19.6% | 2.19B+22.3% | 1.79B-33.1% | |
| Short-term investments | 13.0M+8.3% | 12.0M-14.3% | 14.0M-95.5% | 310M-66.6% | 927M+2006.8% | |
| Accounts receivable | 4.44B+9.4% | 4.06B+5.5% | 3.85B+1.4% | 3.80B+6.7% | 3.56B+15.2% | |
| Other current assets | 1.47B+21.9% | 1.20B+17.6% | 1.02B+5.5% | 969M-9.1% | 1.07B+2.5% | |
| 20.7B+3.6% | 20.0B+8.0% | 18.5B+3.5% | 17.9B+0.0% | 17.9B+5.5% | ||
| Property, plant & equipment | 933M-6.1% | 994M-5.2% | 1.05B-4.8% | 1.10B-6.0% | 1.17B-6.4% | |
| Operating lease right-of-use | 573M+3.8% | 552M-9.7% | 611M-30.3% | 876M-6.1% | 933M-7.9% | |
| Goodwill | 7.11B+2.2% | 6.95B+14.3% | 6.08B+6.6% | 5.71B+1.6% | 5.62B+11.7% | |
| Intangible assets | 1.42B-11.4% | 1.60B+39.2% | 1.15B-1.6% | 1.17B-4.1% | 1.22B+16.4% | |
| Long-term investments | 111M+23.3% | 90.0M-79.3% | 435M+1.9% | 427M-7.8% | 463M+5.2% | |
| Deferred tax assets | 967M-22.5% | 1.25B+25.7% | 993M+54.7% | 642M+58.9% | 404M-9.2% | |
| Other non-current assets | 1.77B+72.2% | 1.03B+56.4% | 656M-0.9% | 662M-5.6% | 701M-17.1% | |
| 3.66B+2.1% | 3.58B+7.6% | 3.33B-0.4% | 3.35B-5.2% | 3.53B-0.3% | ||
| Accounts payable | 308M-9.4% | 340M+0.9% | 337M-6.4% | 360M-0.3% | 361M-7.2% | |
| Deferred revenue | 501M+11.3% | 450M+16.9% | 385M-3.3% | 398M-1.2% | 403M+5.2% | |
| Short-term & current debt | 33.0M+0.0% | 33.0M+0.0% | 33.0M+312.5% | 8.00M-78.9% | 38.0M+0.0% | |
| Current lease liability | 153M+0.7% | 152M-0.7% | 153M-12.1% | 174M-10.8% | 195M-7.6% | |
| Other current liabilities | 404M-8.0% | 439M-12.2% | 500M+40.1% | 357M-9.6% | 395M-15.8% | |
| Finance lease liability (current) | 10.0M+25.0% | 8.00M+0.0% | 8.00M+60.0% | 5.00M-37.5% | 8.00M-27.3% | |
| 5.68B+2.1% | 5.56B+5.7% | 5.26B-5.2% | 5.54B-5.4% | 5.86B-3.7% | ||
| Long-term debt | 543M-37.9% | 875M+44.4% | 606M-5.0% | 638M+1.9% | 626M-5.6% | |
| Deferred revenue (non-current) | 37.0M+23.3% | 30.0M-28.6% | 42.0M+121.1% | 19.0M-52.5% | 40.0M+11.1% | |
| Non-current lease liability | 423M+0.7% | 420M-19.7% | 523M-26.8% | 714M-8.8% | 783M-7.4% | |
| Operating lease liability (total) | 576M+0.7% | 572M-15.4% | 676M-23.9% | 888M-9.2% | 978M-7.5% | |
| Finance lease liability | 12.0M-20.0% | 15.0M-6.3% | 16.0M+100.0% | 8.00M+60.0% | 5.00M-54.5% | |
| Deferred tax liabilities | 168M+9.1% | 154M-31.9% | 226M+25.6% | 180M-17.4% | 218M+5.8% | |
| Other non-current liabilities | 847M+71.5% | 494M+33.9% | 369M+1.9% | 362M+26.1% | 287M-22.0% | |
| 15.0B+4.2% | 14.4B+8.9% | 13.2B+7.5% | 12.3B+2.7% | 12.0B+10.7% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 5.00M+0.0% | 5.00M+0.0% | 5.00M+0.0% | 5.00M+0.0% | 5.00M+0.0% | |
| Additional paid-in capital | 12.0M-7.7% | 13.0M-13.3% | 15.0M+0.0% | 15.0M-44.4% | 27.0M-15.6% | |
| Retained earnings | 15.2B+3.2% | 14.7B+10.4% | 13.3B+5.7% | 12.6B+5.6% | 11.9B+11.5% | |
| Accumulated other comprehensive income | -160M+45.9% | -296M-214.9% | -94.0M+68.6% | -299M-908.1% | 37.0M-66.4% | |
| Total liabilities & equity | 20.7B+3.6% | 20.0B+8.0% | 18.5B+3.5% | 17.9B+0.0% | 17.9B+5.5% | |
| Common shares issued | 479M-3.2% | 495M-0.6% | 498M-2.2% | 509M-3.0% | 525M-0.9% | |
| Common shares outstanding | 479M-3.2% | 495M-0.6% | 498M-2.2% | 509M-3.0% | 525M-0.9% | |
| Shares outstanding (cover) | 478M-3.3% | 495M-0.6% | 498M-2.2% | 509M-2.9% | 525M-1.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.88B+35.7% | 2.12B-8.8% | 2.33B-9.3% | 2.57B+2.9% | 2.50B-24.4% | ||
| Depreciation & amortization | 550M+1.5% | 542M-2.3% | 555M-2.5% | 569M-0.9% | 574M+2.7% | |
| Intangible amortization | 218M+16.0% | 188M+13.9% | 165M-10.3% | 184M+1.1% | 182M+19.7% | |
| Share-based compensation | 181M+3.4% | 175M-0.6% | 176M-32.6% | 261M+6.1% | 246M+6.0% | |
| Deferred income taxes | 327M+192.1% | -355M-4.7% | -339M-24.2% | -273M-1111.1% | 27.0M-85.3% | |
| Change in receivables | 366M+646.9% | 49.0M+14.0% | 43.0M-81.9% | 238M-41.5% | 407M+254.2% | |
| Change in payables | -2.00M+91.3% | -23.0M+0.0% | -23.0M-109.1% | -11.0M+68.6% | -35.0M-132.1% | |
| -230M+86.0% | -1.65B-397.3% | -331M-212.3% | -106M+95.1% | -2.16B-74.8% | ||
| Capital expenditure | 288M-3.0% | 297M-6.3% | 317M-4.5% | 332M+19.0% | 279M-29.9% | |
| Free cash flow | 2.60B+42.0% | 1.83B-9.2% | 2.01B-10.0% | 2.24B+0.9% | 2.22B-23.6% | |
| Acquisitions | 0.00-100.0% | 1.61B+294.9% | 409M+11.4% | 367M-62.2% | 970M-13.6% | |
| Proceeds from sale of PP&E | 70.0M | 0.00 | 0.00 | — | — | |
| -2.27B-148.3% | -915M+43.1% | -1.61B+17.0% | -1.94B-61.2% | -1.20B+40.1% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00-100.0% | 650M | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.38B+127.8% | 605M-43.1% | 1.06B-25.2% | 1.42B+84.4% | 771M-52.4% | |
| Dividends paid | 610M+1.7% | 600M+1.5% | 591M+4.8% | 564M+10.8% | 509M+6.0% | |
| FX effect on cash | 22.0M+144.9% | -49.0M-248.5% | 33.0M+257.1% | -21.0M-31.3% | -16.0M+5.9% | |
| Net change in cash | 403M+182.9% | -486M-214.9% | 423M-15.7% | 502M+156.5% | -888M-2637.1% | |
| Interest paid | 36.0M-32.1% | 53.0M+32.5% | 40.0M+166.7% | 15.0M+114.3% | 7.00M-72.0% | |
| Income taxes paid | 985-100.0% | 1.12B-10.0% | 1.25B+53.1% | 813M+30.1% | 625M-16.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 39.7B+4.4% | 38.0B+0.4% | 37.9B+28.9% | 29.4B-36.8% | 46.5B+7.0% | |
| P/E | 17.8×+4.8% | 17.0×-6.3% | 18.1×+44.6% | 12.5×-42.4% | 21.8×-30.3% | |
| P/S | 1.9×-2.4% | 1.9×-1.1% | 1.9×+28.4% | 1.5×-39.6% | 2.5×-3.7% | |
| P/B | 2.6×+0.1% | 2.6×-10.2% | 2.9×+19.6% | 2.5×-36.7% | 3.9×-3.3% | |
| P/FCF | 15.3×-26.5% | 20.8×+8.1% | 19.3×+56.3% | 12.3×-41.3% | 21.0×+40.1% | |
| Earnings yield | 5.6%-4.6% | 5.9%+6.8% | 5.5%-30.9% | 8.0%+73.7% | 4.6%+43.4% | |
| FCF yield | 6.5%+36.1% | 4.8%-7.5% | 5.2%-36.0% | 8.1%+70.3% | 4.8%-28.6% | |
| Dividend yield | 1.5%-4.3% | 1.6%+1.6% | 1.5%-18.7% | 1.9%+74.5% | 1.1%+0.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CTSH’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CTSH filings on SEC EDGAR → Not investment advice.