Cognizant Technology Solutions revenue and financials
$56.54Change from previous close: −1.20%Absolute change: −$0.69
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 558 | 274 | 858 | 1,227 | 398 | 400 | 920 | 847 | 262 | 95.0 | 737 | 828 |
| Depreciation and amortization | 143 | 141 | 97.0 | 135 | 139 | 136 | 94.0 | 140 | 126 | 133 | 90.0 | 129 |
| Capital expenditure | -99.0 | -76.0 | -77.0 | -67.0 | -67.0 | -77.0 | -83.0 | -56.0 | -79.0 | -79.0 | -78.0 | -73.0 |
| Investing cash flow | -703 | -806 | -75.0 | -66.0 | -82.0 | -7.0 | -79.0 | -1,250 | -79.0 | -238 | 168 | -199 |
| Financing cash flow | -320 | -597 | -487 | -612 | -516 | -657 | -602 | 212 | -221 | -304 | -455 | -450 |
| Dividends paid | -157 | -159 | -151 | -151 | -153 | -155 | -150 | -149 | -150 | -151 | -146 | -147 |
| Share repurchases | -1,163 | -444 | -338 | -463 | -368 | -209 | -154 | -242 | -76.0 | -133 | -313 | -315 |
| Debt issued | 1,000 | — | 0.0 | 0.0 | — | — | — | 600 | — | — | — | — |
| Debt repaid | -12.0 | -11.0 | -10.0 | -11.0 | -9.0 | -312 | -312 | -11.0 | -10.0 | -40.0 | -10.0 | -4.0 |
| Effect of exchange rates | -1.0 | -1.0 | -3.0 | -4.0 | 16.0 | 13.0 | -21.0 | 11.0 | — | -39.0 | 63.0 | -30.0 |
| Net change in cash | -466 | -1,130 | 293 | 545 | -184 | -251 | 218 | -180 | -38.0 | -486 | 513 | 149 |
| Free cash flow | 459 | 198 | 781 | 1,160 | 331 | 323 | 837 | 791 | 183 | 16.0 | 659 | 755 |
| Levered free cash flow | 384 | 104 | 688 | 940 | 82.0 | 122 | 1,067 | 472 | 233 | 263 | 597 | 753 |