C

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION

CTSH · CIK 0001058290

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$21.11B7.0%
FY2025
Net income (FY)
$2.23B0.4%
FY2025
Free cash flow (FY)
$2.60B42.0%
FY2025
Diluted EPS (FY)
$4.561.1%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2007 · Revenue $2.14B · Net income $350.1M · 0001193125-10-040500 · filed 2010-02-25FY07Revenue $2.14BNet income $350.1M0001193125-10-040500 · filed 2010-02-25FY2008 · Revenue $2.82B · Net income $430.8M · 0001193125-11-043696 · filed 2011-02-23FY08Revenue $2.82BNet income $430.8M0001193125-11-043696 · filed 2011-02-23FY2009 · Revenue $3.28B · Net income $535.0M · 0001193125-12-081638 · filed 2012-02-27FY09Revenue $3.28BNet income $535.0M0001193125-12-081638 · filed 2012-02-27FY2010 · Revenue $4.59B · Net income $733.5M · 0001193125-13-077271 · filed 2013-02-26FY10Revenue $4.59BNet income $733.5M0001193125-13-077271 · filed 2013-02-26FY2011 · Revenue $6.12B · Net income $883.6M · 0001193125-14-067531 · filed 2014-02-25FY11Revenue $6.12BNet income $883.6M0001193125-14-067531 · filed 2014-02-25FY2012 · Revenue $7.35B · Net income $1.05B · 0001058290-15-000006 · filed 2015-02-27FY12Revenue $7.35BNet income $1.05B0001058290-15-000006 · filed 2015-02-27FY2013 · Revenue $8.84B · Net income $1.23B · 0001058290-16-000049 · filed 2016-02-25FY13Revenue $8.84BNet income $1.23B0001058290-16-000049 · filed 2016-02-25FY2014 · Revenue $10.26B · Net income $1.44B · 0001058290-17-000008 · filed 2017-03-01FY14Revenue $10.26BNet income $1.44B0001058290-17-000008 · filed 2017-03-01FY2015 · Revenue $12.42B · Net income $1.62B · 0001058290-18-000009 · filed 2018-02-27FY15Revenue $12.42BNet income $1.62B0001058290-18-000009 · filed 2018-02-27FY2016 · Revenue $13.49B · Net income $1.55B · 0001058290-19-000009 · filed 2019-02-19FY16Revenue $13.49BNet income $1.55B0001058290-19-000009 · filed 2019-02-19FY2017 · Revenue $14.81B · Net income $1.50B · 0001058290-20-000008 · filed 2020-02-14FY17Revenue $14.81BNet income $1.50B0001058290-20-000008 · filed 2020-02-14FY2018 · Revenue $16.13B · Net income $2.10B · 0001058290-21-000031 · filed 2021-02-12FY18Revenue $16.13BNet income $2.10B0001058290-21-000031 · filed 2021-02-12FY2019 · Revenue $16.78B · Net income $1.84B · 0001058290-22-000023 · filed 2022-02-16FY19Revenue $16.78BNet income $1.84B0001058290-22-000023 · filed 2022-02-16FY2020 · Revenue $16.65B · Net income $1.39B · 0001058290-23-000027 · filed 2023-02-15FY20Revenue $16.65BNet income $1.39B0001058290-23-000027 · filed 2023-02-15FY2021 · Revenue $18.51B · Net income $2.14B · 0001058290-24-000017 · filed 2024-02-14FY21Revenue $18.51BNet income $2.14B0001058290-24-000017 · filed 2024-02-14FY2022 · Revenue $19.43B · Net income $2.29B · 0001058290-25-000017 · filed 2025-02-12FY22Revenue $19.43BNet income $2.29B0001058290-25-000017 · filed 2025-02-12FY2023 · Revenue $19.35B · Net income $2.13B · 0001058290-26-000008 · filed 2026-02-12FY23Revenue $19.35BNet income $2.13B0001058290-26-000008 · filed 2026-02-12FY2024 · Revenue $19.74B · Net income $2.24B · 0001058290-26-000008 · filed 2026-02-12FY24Revenue $19.74BNet income $2.24B0001058290-26-000008 · filed 2026-02-12FY2025 · Revenue $21.11B · Net income $2.23B · 0001058290-26-000008 · filed 2026-02-12FY25Revenue $21.11BNet income $2.23B0001058290-26-000008 · filed 2026-02-12FY25Revenue $21.11BNet income $2.23B0001058290-26-000008 · filed 2026-02-12FY07FY10FY13FY16FY19FY22FY25

revenue 9.9× since FY2007 · net margin 16.4% → 10.6%

MarginsNet marginFCF margin
0%5%10%15%FY2007 · Net margin 16.4% · FCF margin 7.6%FY07Net margin 16.4%FCF margin 7.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 15.3% · FCF margin 9.2%FY08Net margin 15.3%FCF margin 9.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 16.3% · FCF margin 18.2%FY09Net margin 16.3%FCF margin 18.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 16.0% · FCF margin 12.6%FY10Net margin 16.0%FCF margin 12.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 14.4% · FCF margin 9.6%FY11Net margin 14.4%FCF margin 9.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 14.3% · FCF margin 11.4%FY12Net margin 14.3%FCF margin 11.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 13.9% · FCF margin 13.1%FY13Net margin 13.9%FCF margin 13.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 14.0% · FCF margin 12.3%FY14Net margin 14.0%FCF margin 12.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 13.1% · FCF margin 15.4%FY15Net margin 13.1%FCF margin 15.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 11.5% · FCF margin 10.0%FY16Net margin 11.5%FCF margin 10.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 10.2% · FCF margin 14.3%FY17Net margin 10.2%FCF margin 14.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 13.0% · FCF margin 13.7%FY18Net margin 13.0%FCF margin 13.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 11.0% · FCF margin 12.6%FY19Net margin 11.0%FCF margin 12.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 8.4% · FCF margin 17.4%FY20Net margin 8.4%FCF margin 17.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 11.5% · FCF margin 12.0%FY21Net margin 11.5%FCF margin 12.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 11.8% · FCF margin 11.5%FY22Net margin 11.8%FCF margin 11.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 11.0% · FCF margin 10.4%FY23Net margin 11.0%FCF margin 10.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 11.3% · FCF margin 9.3%FY24Net margin 11.3%FCF margin 9.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 10.6% · FCF margin 12.3%FY25Net margin 10.6%FCF margin 12.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 10.6%FCF margin 12.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 10.6% · free cash flow 12.3% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2B$3BFY2007 · OCF $344.3M · FCF $161.9M · 0001193125-10-040500 · filed 2010-02-25FY07OCF $344.3MFCF $161.9M0001193125-10-040500 · filed 2010-02-25FY2008 · OCF $429.7M · FCF $260.3M · 0001193125-11-043696 · filed 2011-02-23FY08OCF $429.7MFCF $260.3M0001193125-11-043696 · filed 2011-02-23FY2009 · OCF $672.3M · FCF $595.7M · 0001193125-12-081638 · filed 2012-02-27FY09OCF $672.3MFCF $595.7M0001193125-12-081638 · filed 2012-02-27FY2010 · OCF $764.7M · FCF $579.1M · 0001193125-13-077271 · filed 2013-02-26FY10OCF $764.7MFCF $579.1M0001193125-13-077271 · filed 2013-02-26FY2011 · OCF $875.2M · FCF $586.9M · 0001193125-14-067531 · filed 2014-02-25FY11OCF $875.2MFCF $586.9M0001193125-14-067531 · filed 2014-02-25FY2012 · OCF $1.17B · FCF $838.1M · 0001058290-15-000006 · filed 2015-02-27FY12OCF $1.17BFCF $838.1M0001058290-15-000006 · filed 2015-02-27FY2013 · OCF $1.42B · FCF $1.16B · 0001058290-16-000049 · filed 2016-02-25FY13OCF $1.42BFCF $1.16B0001058290-16-000049 · filed 2016-02-25FY2014 · OCF $1.47B · FCF $1.26B · 0001058290-17-000008 · filed 2017-03-01FY14OCF $1.47BFCF $1.26B0001058290-17-000008 · filed 2017-03-01FY2015 · OCF $2.19B · FCF $1.91B · 0001058290-18-000009 · filed 2018-02-27FY15OCF $2.19BFCF $1.91B0001058290-18-000009 · filed 2018-02-27FY2016 · OCF $1.65B · FCF $1.34B · 0001058290-19-000009 · filed 2019-02-19FY16OCF $1.65BFCF $1.34B0001058290-19-000009 · filed 2019-02-19FY2017 · OCF $2.41B · FCF $2.12B · 0001058290-20-000008 · filed 2020-02-14FY17OCF $2.41BFCF $2.12B0001058290-20-000008 · filed 2020-02-14FY2018 · OCF $2.59B · FCF $2.21B · 0001058290-21-000031 · filed 2021-02-12FY18OCF $2.59BFCF $2.21B0001058290-21-000031 · filed 2021-02-12FY2019 · OCF $2.50B · FCF $2.11B · 0001058290-22-000023 · filed 2022-02-16FY19OCF $2.50BFCF $2.11B0001058290-22-000023 · filed 2022-02-16FY2020 · OCF $3.30B · FCF $2.90B · 0001058290-23-000027 · filed 2023-02-15FY20OCF $3.30BFCF $2.90B0001058290-23-000027 · filed 2023-02-15FY2021 · OCF $2.50B · FCF $2.22B · 0001058290-24-000017 · filed 2024-02-14FY21OCF $2.50BFCF $2.22B0001058290-24-000017 · filed 2024-02-14FY2022 · OCF $2.57B · FCF $2.24B · 0001058290-25-000017 · filed 2025-02-12FY22OCF $2.57BFCF $2.24B0001058290-25-000017 · filed 2025-02-12FY2023 · OCF $2.33B · FCF $2.01B · 0001058290-26-000008 · filed 2026-02-12FY23OCF $2.33BFCF $2.01B0001058290-26-000008 · filed 2026-02-12FY2024 · OCF $2.12B · FCF $1.83B · 0001058290-26-000008 · filed 2026-02-12FY24OCF $2.12BFCF $1.83B0001058290-26-000008 · filed 2026-02-12FY2025 · OCF $2.88B · FCF $2.60B · 0001058290-26-000008 · filed 2026-02-12FY25OCF $2.88BFCF $2.60B0001058290-26-000008 · filed 2026-02-12FY25OCF $2.88BFCF $2.60B0001058290-26-000008 · filed 2026-02-12’09’13’17’21’25

FY2025: $2.88B operating cash − $288.0M capex = $2.60B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2008 · ROE 21.9% · ROA 18.1%FY08ROE 21.9%ROA 18.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 20.2% · ROA 16.0%FY09ROE 20.2%ROA 16.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 20.5% · ROA 16.0%FY10ROE 20.5%ROA 16.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 22.4% · ROA 16.0%FY11ROE 22.4%ROA 16.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 21.7% · ROA 16.1%FY12ROE 21.7%ROA 16.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 20.0% · ROA 15.1%FY13ROE 20.0%ROA 15.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 18.6% · ROA 12.5%FY14ROE 18.6%ROA 12.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 17.5% · ROA 12.4%FY15ROE 17.5%ROA 12.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 14.5% · ROA 10.9%FY16ROE 14.5%ROA 10.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 14.1% · ROA 9.9%FY17ROE 14.1%ROA 9.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 18.4% · ROA 13.3%FY18ROE 18.4%ROA 13.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 16.7% · ROA 11.4%FY19ROE 16.7%ROA 11.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 12.8% · ROA 8.2%FY20ROE 12.8%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 17.8% · ROA 12.0%FY21ROE 17.8%ROA 12.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 18.6% · ROA 12.8%FY22ROE 18.6%ROA 12.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 16.1% · ROA 11.5%FY23ROE 16.1%ROA 11.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 15.5% · ROA 11.2%FY24ROE 15.5%ROA 11.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 14.9% · ROA 10.8%FY25ROE 14.9%ROA 10.8%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 14.9%ROA 10.8%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 22% (FY2008) → 15% (FY2025) · on assets 10.8%

Balance sheetLiabilitiesEquity
$0$10B$20BFY2008 · Liabilities $409.0M · Equity $1.97BFY08Liabilities $409.0MEquity $1.97B0001193125-10-040500 · filed 2010-02-25FY2009 · Liabilities $685.1M · Equity $2.65BFY09Liabilities $685.1MEquity $2.65B0001193125-11-043696 · filed 2011-02-23FY2010 · Liabilities $998.6M · Equity $3.58BFY10Liabilities $998.6MEquity $3.58B0001193125-12-081638 · filed 2012-02-27FY2011 · Liabilities $1.56B · Equity $3.95BFY11Liabilities $1.56BEquity $3.95B0001193125-13-077271 · filed 2013-02-26FY2012 · Liabilities $1.67B · Equity $4.85BFY12Liabilities $1.67BEquity $4.85B0001193125-14-067531 · filed 2014-02-25FY2013 · Liabilities $2.00B · Equity $6.14BFY13Liabilities $2.00BEquity $6.14B0001058290-15-000006 · filed 2015-02-27FY2014 · Liabilities $3.74B · Equity $7.74BFY14Liabilities $3.74BEquity $7.74B0001058290-16-000049 · filed 2016-02-25FY2015 · Liabilities $3.78B · Equity $9.28BFY15Liabilities $3.78BEquity $9.28B0001058290-17-000008 · filed 2017-03-01FY2016 · Liabilities $3.53B · Equity $10.73BFY16Liabilities $3.53BEquity $10.73B0001058290-18-000009 · filed 2018-02-27FY2017 · Liabilities $4.55B · Equity $10.67BFY17Liabilities $4.55BEquity $10.67B0001058290-19-000009 · filed 2019-02-19FY2018 · Liabilities $4.42B · Equity $11.42BFY18Liabilities $4.42BEquity $11.42B0001058290-20-000008 · filed 2020-02-14FY2019 · Liabilities $5.18B · Equity $11.02BFY19Liabilities $5.18BEquity $11.02B0001058290-21-000031 · filed 2021-02-12FY2020 · Liabilities $6.09B · Equity $10.84BFY20Liabilities $6.09BEquity $10.84B0001058290-22-000023 · filed 2022-02-16FY2021 · Liabilities $5.86B · Equity $11.99BFY21Liabilities $5.86BEquity $11.99B0001058290-23-000027 · filed 2023-02-15FY2022 · Liabilities $5.54B · Equity $12.31BFY22Liabilities $5.54BEquity $12.31B0001058290-24-000017 · filed 2024-02-14FY2023 · Liabilities $5.26B · Equity $13.23BFY23Liabilities $5.26BEquity $13.23B0001058290-25-000017 · filed 2025-02-12FY2024 · Liabilities $5.56B · Equity $14.41BFY24Liabilities $5.56BEquity $14.41B0001058290-26-000008 · filed 2026-02-12FY2025 · Liabilities $5.68B · Equity $15.02BFY25Liabilities $5.68BEquity $15.02B0001058290-26-000008 · filed 2026-02-12FY25Liabilities $5.68BEquity $15.02B0001058290-26-000008 · filed 2026-02-12’09’13’17’21’25

FY2025: $20.69B assets · $5.68B liabilities · $15.02B equity

The receipts