CTSH Financials Cognizant

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 4.9% per year over the past 5 years.
Net income has grown faster than revenue (9.9% vs 4.9% per year).
Operating margin has expanded, at 16.1% in the latest year.
Free cash flow has declined 2.2% per year over the past 5 years.

Financial health

The company holds more cash ($1.9B) than total debt ($576M).
Total debt has grown slower than revenue (-3.9% vs 4.9% per year).
Operating income covered interest expense 92× in the latest year.
Total debt is 0.1× EBITDA.

Shareholder returns

Dividends have been paid for 9 consecutive years, consuming 27.4% of earnings and 23.5% of free cash flow.
The dividend has grown 4.9% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$21.1B	$2.2B	0.0%	16.1%	$2.6B	$576M	$1.9B
2024	$19.7B	$2.2B	0.0%	14.7%	$1.8B	$908M	$2.2B
2023	$19.4B	$2.1B	0.0%	13.9%	$2.0B	$639M	$2.6B
2022	$19.4B	$2.3B	0.0%	15.3%	$2.2B	$646M	$2.2B
2021	$18.5B	$2.1B	0.0%	15.3%	$2.2B	$664M	$1.8B
2020	$16.7B	$1.4B	0.0%	12.7%	$2.9B	$701M	$2.7B
2019	$16.8B	$1.8B	0.0%	14.6%	$2.1B	$738M	$2.6B
2018	$16.1B	$2.1B	0.0%	17.4%	$2.2B	$750M	$1.2B
2017	—	$1.5B	—	—	$2.1B	$800M	$1.9B
2016	—	$1.6B	—	—	$1.3B	$881M	$2.0B
2015	—	$1.6B	—	—	$1.9B	$938M	$2.1B
2014	—	$1.4B	—	—	$1.3B	$988M	$2.0B
2013	—	$1.2B	—	—	$1.2B	$0	$2.2B
2012	—	$1.1B	—	—	$838M	—	$1.6B
2011	—	$884M	—	—	$587M	—	$1.3B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$5.4B	$662M	0.0%	15.6%	$198M	$568M	$1.5B
Dec '25	$5.3B	$648M	0.0%	16.0%	$781M	$576M	$1.9B
Sep '25	$5.4B	$274M	0.0%	16.0%	$1.2B	$584M	$2.3B
Jun '25	$5.2B	$645M	0.0%	15.6%	$331M	$592M	$1.8B
Mar '25	$5.1B	$663M	0.0%	16.7%	$323M	$600M	$2.0B
Dec '24	$5.1B	$546M	0.0%	14.8%	$837M	$908M	$2.2B
Sep '24	$5.0B	$582M	0.0%	14.6%	$791M	$1.2B	$2.0B
Jun '24	$4.8B	$566M	0.0%	14.6%	$183M	$623M	$2.2B
Mar '24	$4.8B	$546M	0.0%	14.6%	$16M	$631M	$2.2B
Dec '23	$4.8B	$558M	0.0%	15.2%	$659M	$639M	$2.6B
Sep '23	$4.9B	$525M	0.0%	14.0%	$755M	$647M	$2.2B
Jun '23	$4.9B	$463M	0.0%	11.8%	-$32M	$646M	$2.1B
Mar '23	$4.8B	$580M	0.0%	14.6%	$631M	$646M	$2.5B
Dec '22	$4.8B	$521M	0.0%	14.2%	$612M	$646M	$2.2B
Sep '22	$4.9B	$629M	0.0%	16.4%	$953M	$636M	$2.0B
Jun '22	$4.9B	$577M	0.0%	15.5%	$485M	$646M	$1.8B
Mar '22	$4.8B	$563M	0.0%	15.0%	$186M	$655M	$2.2B
Dec '21	$4.8B	$576M	0.0%	15.3%	$760M	$664M	$1.8B
Sep '21	$4.7B	$544M	0.0%	15.4%	$897M	$674M	$1.7B
Jun '21	$4.6B	$512M	0.0%	15.2%	$466M	$683M	$1.4B

Valuation over time

How the market has priced CTSH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 12.6× (Mar '23) to 8.3× (Jun '26).
The price-to-sales ratio has fallen from 1.5× (Mar '23) to 0.9× (Jun '26).
The dividend yield has risen from 2.0% (Mar '23) to 3.3% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CTSH growing its revenue and profit?

Over the past 5 years, Cognizant's revenue has grown 4.9% per year, and net income grown 9.9% per year. These are computed facts, not advice.

How much debt does CTSH have?

As of FY2025, Cognizant reported $576M of total debt against $1.9B of cash; operating income covered interest expense 92×.

What is CTSH's profit margin?

In FY2025, gross margin was —, operating margin 16.1%, and net margin 10.6%.

What is CTSH's P/E ratio?

As of Jun '26, Cognizant traded at a price-to-earnings ratio of about 8.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.