CTSH

MKT CAP:$27B

Cognizant Technology Solutions Corporation

Market Cap

$27B

Technology·Information Technology Services·🇺🇸 United States·NASDAQ

Technology·IT Services·🇺🇸·NASDAQ

Stock Price

$55.29-$25.99 (-31.98%)

Apr 24, 2026

Company Details

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services; ...

CEO

Ravi Kumar Singisetti

IPO Date

Jun 19, 1998

Website

www.cognizant.com

Key Metrics TTM

Revenue

$21.1B

+7.0% YoY

Net Income

$2.2B

EPS (Diluted)

$4.55

Free Cash Flow

$2.6B

Revenue / Share

$43.79

Gross Margin

33.1%

Operating Margin

16.1%

Net Margin

10.6%

FCF Margin

12.3%

P/S

1.3x

P/E

12.0x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 12, 2026

$21.1B+7.0%EPS $4.55

Q4 2025

Feb 12, 2026

$5.3B+4.9%EPS $1.34

Q3 2025

Oct 29, 2025

$5.4B+7.4%EPS $0.56

Q2 2025

Jul 30, 2025

$5.2B+8.1%EPS $1.31

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$4.8B	$1.7B	$724M
Q2 22	$4.9B	$1.8B	$760M
Q3 22	$4.9B	$1.8B	$798M
Q4 22	$4.8B	$1.7B	$686M
Q1 23	$4.8B	$1.7B	$702M
Q2 23	$4.9B	$1.7B	$577M
Q3 23	$4.9B	$1.7B	$686M
Q4 23	$4.8B	$1.7B	$724M
Q1 24	$4.8B	$1.6B	$695M
Q2 24	$4.8B	$1.6B	$708M
Q3 24	$5.0B	$1.7B	$738M
Q4 24	$5.1B	$1.8B	$751M
Q1 25	$5.1B	$1.7B	$853M
Q2 25	$5.2B	$1.8B	$817M
Q3 25	$5.4B	$1.8B	$866M
Q4 25	$5.3B	$1.7B	$853M

Valuation

Quarter	P/S	P/E
Q1 22	2.5x	21.9x
Q2 22	1.9x	16.1x
Q3 22	1.6x	12.9x
Q4 22	1.6x	13.5x
Q1 23	1.6x	13.5x
Q2 23	1.7x	15.1x
Q3 23	1.7x	16.2x
Q4 23	1.9x	17.2x
Q1 24	1.8x	17.0x
Q2 24	1.7x	15.3x
Q3 24	2.0x	17.0x
Q4 24	1.9x	17.0x
Q1 25	1.9x	16.0x
Q2 25	1.9x	15.6x
Q3 25	1.6x	15.3x
Q4 25	2.0x	18.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$306M	$186M
Q2 22	$528M	$485M
Q3 22	$1.0B	$953M
Q4 22	$702M	$612M
Q1 23	$729M	$631M
Q2 23	$36M	-$32M
Q3 23	$828M	$755M
Q4 23	$737M	$659M
Q1 24	$95M	$16M
Q2 24	$262M	$183M
Q3 24	$847M	$791M
Q4 24	$920M	$837M
Q1 25	$400M	$323M
Q2 25	$398M	$331M
Q3 25	$1.2B	$1.2B
Q4 25	$858M	$781M

Capital Expenditures

Quarter	CapEx
Q1 22	$120M
Q2 22	$43M
Q3 22	$79M
Q4 22	$90M
Q1 23	$98M
Q2 23	$68M
Q3 23	$73M
Q4 23	$78M
Q1 24	$79M
Q2 24	$79M
Q3 24	$56M
Q4 24	$83M
Q1 25	$77M
Q2 25	$67M
Q3 25	$67M
Q4 25	$77M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+9.7%	+9.9%
Q2 22	+7.0%	+6.6%
Q3 22	+2.4%	+1.1%
Q4 22	+1.3%	+2.7%
Q1 23	-0.3%	+0.2%
Q2 23	-0.4%	+3.9%
Q3 23	+0.8%	+3.7%
Q4 23	-1.7%	-2.9%
Q1 24	-1.1%	-1.1%
Q2 24	-0.7%	-3.9%
Q3 24	+3.0%	+2.3%
Q4 24	+6.8%	+7.4%
Q1 25	+7.5%	+4.8%
Q2 25	+8.1%	+6.9%
Q3 25	+7.4%	+5.6%
Q4 25	+4.9%	+3.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$56M	1.2%
Q2 22	$89M	1.8%
Q3 22	$58M	1.2%
Q4 22	$58M	1.2%
Q1 23	$44M	0.9%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$42M	0.9%
Q2 24	$48M	1.0%
Q3 24	$44M	0.9%
Q4 24	$0	0.0%
Q1 25	$42M	0.8%
Q2 25	$48M	0.9%
Q3 25	$47M	0.9%
Q4 25	$44M	0.8%

OpEx Breakdown

Quarter	SG&A
Q1 22	$862M
Q2 22	$883M
Q3 22	$838M
Q4 22	$860M
Q1 23	$835M
Q2 23	$830M
Q3 23	$801M
Q4 23	$786M
Q1 24	$765M
Q2 24	$781M
Q3 24	$833M
Q4 24	$844M
Q1 25	$791M
Q2 25	$810M
Q3 25	$833M
Q4 25	$806M

Revenue Segments

Quarter	Communication, Media and Technology	Financial Services	Healthcare Segment	Products and Resources
Q1 22	$776M	$1.5B	$1.4B	$1.1B
Q2 22	$816M	$1.5B	$1.4B	$1.1B
Q3 22	$783M	$1.5B	$1.4B	$1.1B
Q4 22	$784M	$1.5B	$1.4B	$1.1B
Q1 23	$785M	$1.5B	$1.4B	$1.1B
Q2 23	$806M	$1.5B	$1.4B	$1.2B
Q3 23	$847M	$1.5B	$1.4B	$1.2B
Q4 23	$804M	$1.4B	$1.4B	$1.2B
Q1 24	$826M	$1.4B	$1.4B	$1.1B
Q2 24	$816M	$1.4B	$1.5B	$1.1B
Q3 24	$816M	$1.5B	$1.5B	$1.2B
Q4 24	$811M	$1.4B	$1.5B	$1.3B
Q1 25	$804M	$1.5B	$1.6B	$1.3B
Q2 25	$841M	$1.5B	$1.6B	$1.3B
Q3 25	$850M	$1.6B	$1.6B	$1.4B
Q4 25	$808M	$1.6B	$1.6B	$1.3B

Revenue by Geography

Quarter	Europe	North America	Other Regions
Q1 22	$912M	$3.6B	$345M
Q2 22	$903M	$3.7B	$347M
Q3 22	$884M	$3.6B	$352M
Q4 22	$906M	$3.6B	$344M
Q1 23	$939M	$3.5B	$328M
Q2 23	$967M	$3.6B	$330M
Q3 23	$970M	$3.6B	$328M
Q4 23	$918M	$3.5B	$310M
Q1 24	$939M	$3.5B	$300M
Q2 24	$914M	$3.6B	$316M
Q3 24	$967M	$3.7B	$342M
Q4 24	$939M	$3.8B	$321M
Q1 25	$950M	$3.9B	$311M
Q2 25	$1.0B	$3.9B	$331M
Q3 25	$1.0B	$4.0B	$345M
Q4 25	$1.0B	$4.0B	$329M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.2B	$127M	$2.3B
Q2 22	$1.8B	$552M	$2.3B
Q3 22	$2.0B	$689M	$2.7B
Q4 22	$2.2B	$310M	$2.5B
Q1 23	$2.5B	$23M	$2.5B
Q2 23	$2.1B	$40M	$2.1B
Q3 23	$2.2B	$164M	$2.4B
Q4 23	$1.8B	$848M	$2.6B
Q1 24	$2.2B	$12M	$2.2B
Q2 24	$2.2B	$12M	$2.2B
Q3 24	$2.0B	$12M	$2.0B
Q4 24	$2.2B	$12M	$2.2B
Q1 25	$2.0B	$12M	$2.0B
Q2 25	$1.8B	$12M	$1.8B
Q3 25	$2.3B	$13M	$2.4B
Q4 25	$1.9B	$13M	$1.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	525M	-0.2%	-1.1%
Q2 22	521M	-0.8%	-1.3%
Q3 22	517M	-0.8%	-1.7%
Q4 22	513M	-0.8%	-2.5%
Q1 23	509M	-0.8%	-3.0%
Q2 23	507M	-0.4%	-2.7%
Q3 23	505M	-0.4%	-2.3%
Q4 23	501M	-0.8%	-2.3%
Q1 24	498M	-0.6%	-2.2%
Q2 24	498M	0.0%	-1.8%
Q3 24	496M	-0.4%	-1.8%
Q4 24	497M	+0.2%	-0.8%
Q1 25	495M	-0.4%	-0.6%
Q2 25	492M	-0.6%	-1.2%
Q3 25	487M	-1.0%	-1.8%
Q4 25	482M	-1.0%	-3.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$14.6K	331K
Q2 22	$14.8K	331K
Q3 22	$14.7K	331K
Q4 22	$13.6K	355K
Q1 23	$13.5K	355K
Q2 23	$13.8K	355K
Q3 23	$13.8K	355K
Q4 23	$13.7K	348K
Q1 24	$13.7K	348K
Q2 24	$13.9K	348K
Q3 24	$14.5K	348K
Q4 24	$15.1K	337K
Q1 25	$15.2K	337K
Q2 25	$15.6K	337K
Q3 25	$16.1K	337K
Q4 25	$15.2K	352K

Revenue / Employee