Cognizant (CTSH) financial statements
- FY2025 revenue
- $21.1B▲ +7.0%
- FY2025 net income
- $2.2B▼ −0.4%
- FY2025 diluted EPS
- $4.56▲ +1.1%
- FY2025 free cash flow
- $2.6B▲ +42.0%
Cognizant income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 21,108 | 19,736 | 19,353 |
| Operating income | 3,389 | 2,892 | 2,689 |
| Pretax income | 3,479 | 2,938 | 2,787 |
| Net income | 2,230 | 2,240 | 2,126 |
| Diluted earnings per share | 4.56 | 4.51 | 4.21 |
Cognizant balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 1,901 | 2,231 | 2,717 |
| Total assets | 20,692 | 19,966 | 18,483 |
| Total liabilities | 5,677 | 5,558 | 5,256 |
| Total equity | 15,015 | 14,408 | 13,227 |
| Long-term debt | 543 | 875 | 606 |
Cognizant cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 2,883 | 2,124 | 2,330 |
| Capital expenditure | -288 | -297 | -317 |
| Free cash flow (derived) | 2,595 | 1,827 | 2,013 |
| Dividends paid | -610 | -600 | -591 |
| Share repurchases | -1,378 | -605 | -1,064 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Sep 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 |
| Revenue (derived) | 5,664 | 5,481 | 5,413 | 5,333 |
| Operating income (derived) | 872 | 874 | 843 | 853 |
| Net income (derived) | 627 | 636 | 662 | 648 |
| Diluted earnings per share | 1.39 | 1.36 | 1.39 | n/a |
| Operating cash flow (derived) | 1,004 | 558 | 274 | 858 |
| Total assets | 21,326 | 20,825 | 20,500 | 20,692 |
Cognizant major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| BlackRock, Inc. | 8.6% | 42,418,452 | 24 April 2025 |
| Vanguard Capital Management | 7.5% | 35,975,456 | 30 April 2026 |
| Invesco Ltd. | 5.9% | 28,129,017 | 15 July 2026 |
| PZENA INVESTMENT MANAGEMENT LLC | 5.7% | 26,844,745 | 17 July 2026 |
| Vanguard Portfolio Management | 5.5% | 26,221,017 | 29 April 2026 |
Cognizant 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 29 October 2026 | 10-Q | Quarterly report | Quarterly report |
| 29 October 2026 | 8-K | Current report | Current report |
| 6 October 2026 | 8-K | Current report | Current report |
| 29 July 2026 | 10-Q | Quarterly report | Quarterly report |
| 29 July 2026 | 8-K | Current report | Current report |
| 10 July 2026 | 8-K | Current report | Current report |
| 3 June 2026 | 8-K | Current report | Current report |
| 21 May 2026 | 8-K | Current report | Current report |
Common questions
What was Cognizant's revenue in fiscal 2025?
Cognizant reported $21.1 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 7.0% from fiscal 2024.
What was Cognizant's net income in fiscal 2025?
Cognizant reported net income of $2.2 billion for fiscal 2025, the year ended 31 December 2025, down 0.4% from fiscal 2024. Diluted earnings per share were $4.56.
What was Cognizant's free cash flow in fiscal 2025?
Cognizant had $2.6 billion in free cash flow in fiscal 2025. Operating cash flow was $2.9 billion and capital expenditure was $288 million.
What were Cognizant's total assets at the end of fiscal 2025?
Cognizant reported total assets of $20.7 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much Cognizant history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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