Cognizant Technology Solutions revenue and financials
$57.19Change from previous close: −1.68%Absolute change: −$0.98
In the fiscal year ended December 2025, Cognizant Technology Solutions reported revenue of $21.11B (+6.95% year over year). Net income was $2.23B, a net margin of 10.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +6.95%
- 2025 vs 2024
- Net income growth
- −0.45%
- 2025 vs 2024
- Net margin
- 10.6%
- 2024: 11.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,883 | 2,124 | 2,330 | 2,568 | 2,495 | 3,299 | 2,499 | 2,592 | 2,407 | 1,645 |
| Depreciation and amortization | 550 | 542 | 555 | 569 | 574 | 559 | 526 | 498 | 443 | 379 |
| Capital expenditure | -288 | -297 | -317 | -332 | -279 | -398 | -392 | -377 | -284 | -300 |
| Investing cash flow | -230 | -1,646 | -331 | -106 | -2,164 | — | — | — | — | — |
| Financing cash flow | -2,272 | -915 | -1,609 | -1,939 | -1,203 | — | — | — | — | — |
| Dividends paid | -610 | -600 | -591 | -564 | -509 | -480 | -453 | -468 | -265 | 0.0 |
| Share repurchases | -1,378 | -605 | -1,064 | -1,422 | -771 | -1,621 | -2,247 | -1,261 | -1,889 | -512 |
| Debt issued | 0.0 | 600 | 0.0 | 650 | — | — | — | — | — | — |
| Debt repaid | -342 | -373 | -25.0 | -686 | -53.0 | — | — | — | — | — |
| Effect of exchange rates | 22.0 | -49.0 | 33.0 | -21.0 | -16.0 | — | — | — | — | — |
| Net change in cash | 403 | -486 | 423 | 502 | -888 | — | — | — | — | — |
| Free cash flow | 2,595 | 1,827 | 2,013 | 2,236 | 2,216 | — | — | — | — | — |
| Levered free cash flow | 1,927 | 2,128 | 2,049 | 2,071 | 1,814 | — | — | — | — | — |