COGNIZANT TECHNOLOGY SOLUTIONS CORP
Business
Cognizant Technology Solutions is a leading professional services company providing consulting, application development, systems integration, quality engineering, application maintenance, infrastructure and security, and business process services. The company delivers AI-driven and digital transformation solutions across seven integrated practices—Core Technologies and Insights, Enterprise Platform Services, Industry Solutions, Intuitive Operations and Automation, Software and Platform Engineering, Cognizant Moment, and Security—tailored to specific client needs. It operates through four industry-based reportable segments: Health Sciences, Financial Services, Products and Resources, and Communications, Media and Technology, serving clients globally via an integrated delivery model with onsite and offshore centers.
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is COGNIZANT TECHNOLOGY SOLUTIONS CORP's CIK number?
COGNIZANT TECHNOLOGY SOLUTIONS CORP's SEC CIK number is 0001058290 (1058290). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find COGNIZANT TECHNOLOGY SOLUTIONS CORP's SEC filings?
All of COGNIZANT TECHNOLOGY SOLUTIONS CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did COGNIZANT TECHNOLOGY SOLUTIONS CORP last report earnings?
COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001058290-26-000015). This is COGNIZANT TECHNOLOGY SOLUTIONS CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is COGNIZANT TECHNOLOGY SOLUTIONS CORP's most recent earnings 8-K?
COGNIZANT TECHNOLOGY SOLUTIONS CORP's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001058290-26-000015. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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