Cognizant Technology Solutions Corporation (CTSH) Financial Statements
Cognizant Technology Solutions financial statements at a glance
Cognizant Technology Solutions reported revenue of $21.11 billion for fiscal year 2025 (ended December 31, 2025), up 7.0% from fiscal year 2024. Net income was $2.23 billion, a net margin of 10.6%, and diluted earnings per share were $4.56.
At the end of fiscal year 2025 it had total assets of $20.69 billion, total liabilities of $5.68 billion and shareholders' equity of $15.02 billion, with cash and short-term investments of $1.91 billion and total debt of $1.15 billion.
Its operations brought in $2.88 billion of cash; capital spending was $288.00 million, leaving free cash flow of $2.60 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Cognizant Technology Solutions Corporation
Income Statement
Annual • USD
Cognizant Technology Solutions key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $21.1B | $19.7B | $19.4B | $19.4B | $18.5B |
| Gross profit | $7.1B | $6.8B | $6.7B | $7.0B | $6.9B |
| Operating income | $3.3B | $2.9B | $2.7B | $3.0B | $2.8B |
| Net income | $2.2B | $2.2B | $2.1B | $2.3B | $2.1B |
| Diluted EPS | $4.56 | – | – | – | $4.05 |
| Total assets | $20.7B | $20.0B | $18.5B | $17.9B | $17.9B |
| Total liabilities | $5.7B | $5.6B | $5.3B | $5.5B | $5.9B |
| Shareholders' equity | $15.0B | $14.4B | $13.2B | $12.3B | $12.0B |
| Cash and short-term investments | $1.9B | – | – | – | $2.7B |
| Total debt | $1.2B | $931.0M | $663.0M | $659.0M | $1.6B |
| Operating cash flow | $2.9B | $2.1B | $2.3B | $2.6B | $2.5B |
| Capital spending | $288.0M | – | – | – | $279.0M |
| Free cash flow | $2.6B | – | – | – | $2.2B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Cognizant Technology Solutions's revenue in fiscal year 2025?
$21.11 billion, up 7.0% from $19.74 billion in fiscal year 2024.
How much profit does Cognizant Technology Solutions make?
Cognizant Technology Solutions reported net income of $2.23 billion for fiscal year 2025 (10.6% of revenue); operating income was $3.33 billion.
How much cash and debt does Cognizant Technology Solutions have?
At the end of fiscal year 2025: cash and short-term investments of $1.91 billion and total debt of $1.15 billion.
What is Cognizant Technology Solutions's free cash flow?
$2.60 billion in fiscal year 2025 (operating cash flow of $2.88 billion minus capital spending of $288.00 million).
