COGNIZANT TECHNOLOGY SOLUTIONS CORP

Listed Company

CTSHCIK 0001058290NasdaqLarge AcceleratedServices-Computer Programming ServicesFY ends Dec 31

Period

FY 2025

Revenue

$21.11B

Net Income

$2.23B

Total Assets

$20.69B

Equity

$15.02B

Shares Out

473.87M

Op. Cash Flow

$2.88B

Business

Cognizant Technology Solutions Corp provides professional services that engineer modern businesses and deliver strategic outcomes by modernizing technology, reimagining processes and transforming customer and employee experiences. It offers digital and AI-enhanced services and solutions, consulting, application development, systems integration, quality engineering and assurance, engineering R&D, application maintenance, infrastructure and security, business process services and automation, and develops/licenses software and platforms. The company organizes its work across four reportable segments: Health Sciences; Financial Services (including banking and insurance); Products and Resources; and Communications, Media and Technology. It serves global clients through an integrated delivery model of client-site teams and local, regional and offshore delivery centers and through a broad partner ecosystem including hyperscalers, cloud and enterprise software providers.

Summary from filing dated 2025-02-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	21,108	19,736	19,353	19,428	18,507
Cost of revenues (exclusive of depreciation and amortization expense shown separately below)	13,991	12,958	12,664	12,448	11,604
Selling, general and administrative expenses	3,240	3,223	3,252	3,443	3,503
Restructuring charges	0	134	229	0	0
Depreciation and amortization expense	550	529	519	569	574
Income from operations	3,389	2,892	2,689	2,968	2,826
Interest income	105	119	126	59	30
Interest expense	−37	−54	−41	−19	—
Foreign currency exchange gains (losses), net	18	−19	2	7	−20
Other, net	4	0	11	1	0
Total other income (expense), net	90	46	98	48	1
Income before provision for income taxes	3,479	2,938	2,787	3,016	2,827
Provision for income taxes	−1,258	−713	−668	−730	−693
Income (loss) from equity method investments	9	15	7	4	3
Net income	2,230	2,240	2,126	2,290	2,137
Basic earnings per share	4.57	4.52	4.21	4.42	4.06
Diluted earnings per share	4.56	4.51	4.21	4.41	4.05
Weighted average number of common shares outstandingBasic	488	496	505	518	527
Dilutive effect of shares issuable under stock-based compensation plans	1	1	0	1	1
Weighted average number of common shares outstandingDiluted	489	497	505	519	528
Gain on sale of property and equipment	−62	0	0	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,901	2,231	2,621	2,191	1,792
Short-term investments	13	12	14	310	927
Trade accounts receivable, net	4,439	4,059	3,849	3,796	3,557
Other current assets	1,465	1,202	1,022	969	1,066
Total current assets	7,818	7,504	7,506	7,266	7,342
Property and equipment, net	933	994	1,048	1,101	1,171
Operating lease assets, net	573	552	611	876	933
Goodwill	7,106	6,953	6,085	5,710	5,620
Intangible assets, net	1,417	1,599	1,149	1,168	1,218
Deferred income tax assets, net	967	1,248	993	642	404
Long-term investments	111	90	435	427	463
Other noncurrent assets	1,767	1,026	656	662	701
Total assets	20,692	19,966	18,483	17,852	17,852
Accounts payable	308	340	337	360	361
Deferred revenue	501	450	385	398	403
Short-term debt	33	33	33	8	38
Operating lease liabilities	153	152	153	174	195
Accrued expenses and other current liabilities	2,664	2,610	2,425	2,407	2,532
Total current liabilities	3,659	3,585	3,333	3,347	3,529
Deferred revenue, noncurrent	37	30	42	19	40
Operating lease liabilities, noncurrent	423	420	523	714	783
Deferred income tax liabilities, net	168	154	226	180	218
Long-term debt	543	875	606	638	626
Other noncurrent liabilities	847	494	369	362	287
Total liabilities	5,677	5,558	5,256	5,543	5,861
Commitments and contingencies (See Note 14)	—	—	—	—	—
Preferred stock, $0.10 par value, 15 shares authorized, none issued	0	0	0	0	0
Class A common stock, $0.01 par value, 1,000 shares authorized, 479 and 495 shares issued and outstanding as of December 31, 2025 and 2024, respectively	5	5	5	5	5
Additional paid-in capital	12	13	15	15	27
Retained earnings	15,158	14,686	13,301	12,588	11,922
Accumulated other comprehensive income (loss)	−160	−296	−94	−299	37
Total stockholders equity	15,015	14,408	13,227	12,309	11,991
Total liabilities and stockholders equity	20,692	19,966	18,483	17,852	17,852

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	550	542	555	569	574
Deferred income taxes	327	−355	−339	−273	27
Stock-based compensation expense	181	175	176	261	246
Other, net	−5	32	1	45	−1
Trade accounts receivable	−366	−49	−43	−238	−407
Other current and noncurrent assets	−118	−386	123	343	348
Accounts payable	−2	−23	−23	−11	−35
Deferred revenue, current and noncurrent	55	44	−4	−26	19
Other current and noncurrent liabilities	93	−96	−242	−392	−413
Net cash provided by operating activities	2,883	2,124	2,330	2,568	2,495
Purchases of property and equipment	−288	−297	−317	−332	−279
Purchases of available-for-sale investment securities	0	0	−59	−1,227	−430
Proceeds from maturity of available-for-sale investment securities	0	0	285	1,315	120
Purchases of held-to-maturity investment securities	0	0	−3	−44	−203
Proceeds from maturity of held-to-maturity investment securities	0	3	24	54	180
Purchases of other investments	−17	−2	−379	−546	−1,660
Proceeds from maturity or sale of other investments	5	265	527	1,013	1,078
Proceeds from sale of property and equipment	70	0	0	—	—
Payments for business combinations, net of cash acquired	0	−1,615	−409	−367	−970
Net cash (used in) investing activities	−230	−1,646	−331	−106	−2,164
Issuance of common stock under stock-based compensation plans	58	63	71	86	130
Repurchases of common stock	−1,378	−605	−1,064	−1,422	−771
Repayment of Term Loan borrowings and earnout and finance leases obligations	−42	−73	−25	−686	−53
Proceeds from borrowings under the revolving credit facility	0	600	0	0	0
Repayments of Long-Term Lines of Credit	−300	−300	0	0	0
Dividends paid	−610	−600	−591	−564	−509
Net cash (used in) financing activities	−2,272	−915	−1,609	−1,939	−1,203
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	22	−49	33	−21	−16
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	403	−486	423	502	−888
Cash paid for income taxes during the year	985	1,120	1,245	813	625
Cash interest paid during the year	36	53	40	15	7

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro