financial statements

The full income statement, balance sheet, and cash-flow statement for Cognizant Technology Solutions Corporation (CTSH), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	21.1B YoY+7.0%	19.7B YoY+2.0%	19.4B YoY-0.4%	19.4B YoY+5.0%	18.5B YoY+11.1%
Selling, general & administrative	3.24B YoY+0.5%	3.22B YoY-0.9%	3.25B YoY-5.5%	3.44B YoY-1.7%	3.50B YoY+13.0%
Restructuring	0.00 YoY-100.0%	134M YoY-41.5%	229M	0.00	0.00 YoY-100.0%
Amortization of intangibles	218M YoY+16.0%	188M YoY+13.9%	165M YoY-10.3%	184M YoY+1.1%	182M YoY+19.7%
Provision for credit losses	11.0M YoY-8.3%	12.0M YoY+0.0%	12.0M YoY+33.3%	9.00M YoY+50.0%	6.00M YoY-25.0%
Operating income	3.39B YoY+17.2%	2.89B YoY+7.5%	2.69B YoY-9.4%	2.97B YoY+5.0%	2.83B YoY+33.7%
Interest expense	37.0M YoY-31.5%	54.0M YoY+31.7%	41.0M YoY+115.8%	19.0M YoY+111.1%	9.00M YoY-62.5%
Other non-operating income	4.00M	0.00 YoY-100.0%	11.0M YoY+1000.0%	1.00M	0.00 YoY-100.0%
Equity-method income	9.00M YoY-40.0%	15.0M YoY+114.3%	7.00M YoY+75.0%	4.00M YoY+33.3%	3.00M
Pre-tax income	3.48B YoY+18.4%	2.94B YoY+5.4%	2.79B YoY-7.6%	3.02B YoY+6.7%	2.83B YoY+34.9%
Income tax	1.26B YoY+76.4%	713M YoY+6.7%	668M YoY-8.5%	730M YoY+5.3%	693M YoY-1.6%
Net income	2.23B YoY-0.4%	2.24B YoY+5.4%	2.13B YoY-7.2%	2.29B YoY+7.2%	2.14B YoY+53.5%
	$4.56 YoY+1.1%	$4.51 YoY+7.1%	$4.21 YoY-4.5%	$4.41 YoY+8.9%	$4.05 YoY+57.6%
EPS (basic)	$4.57 YoY+1.1%	$4.52 YoY+7.4%	$4.21 YoY-4.8%	$4.42 YoY+8.9%	$4.06 YoY+57.4%
Weighted-avg shares (basic)	488M YoY-1.6%	496M YoY-1.8%	505M YoY-2.5%	518M YoY-1.7%	527M YoY-2.4%
Weighted-avg shares (diluted)	489M YoY-1.6%	497M YoY-1.6%	505M YoY-2.7%	519M YoY-1.7%	528M YoY-2.4%
Dividends per share	$1.24 YoY+3.3%	$1.20 YoY+3.4%	$1.16 YoY+7.4%	$1.08 YoY+12.5%	$0.96 YoY+9.1%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	7.82B YoY+4.2%	7.50B YoY-0.0%	7.51B YoY+3.3%	7.27B YoY-1.0%	7.34B YoY+7.2%
Cash & equivalents	1.90B YoY-14.8%	2.23B YoY-14.9%	2.62B YoY+19.6%	2.19B YoY+22.3%	1.79B YoY-33.1%
Short-term investments	13.0M YoY+8.3%	12.0M YoY-14.3%	14.0M YoY-95.5%	310M YoY-66.6%	927M YoY+2006.8%
Accounts receivable	4.44B YoY+9.4%	4.06B YoY+5.5%	3.85B YoY+1.4%	3.80B YoY+6.7%	3.56B YoY+15.2%
Other current assets	1.47B YoY+21.9%	1.20B YoY+17.6%	1.02B YoY+5.5%	969M YoY-9.1%	1.07B YoY+2.5%
	20.7B YoY+3.6%	20.0B YoY+8.0%	18.5B YoY+3.5%	17.9B YoY+0.0%	17.9B YoY+5.5%
Property, plant & equipment	933M YoY-6.1%	994M YoY-5.2%	1.05B YoY-4.8%	1.10B YoY-6.0%	1.17B YoY-6.4%
Operating lease right-of-use	573M YoY+3.8%	552M YoY-9.7%	611M YoY-30.3%	876M YoY-6.1%	933M YoY-7.9%
Goodwill	7.11B YoY+2.2%	6.95B YoY+14.3%	6.08B YoY+6.6%	5.71B YoY+1.6%	5.62B YoY+11.7%
Intangible assets	1.42B YoY-11.4%	1.60B YoY+39.2%	1.15B YoY-1.6%	1.17B YoY-4.1%	1.22B YoY+16.4%
Long-term investments	111M YoY+23.3%	90.0M YoY-79.3%	435M YoY+1.9%	427M YoY-7.8%	463M YoY+5.2%
Deferred tax assets	967M YoY-22.5%	1.25B YoY+25.7%	993M YoY+54.7%	642M YoY+58.9%	404M YoY-9.2%
Other non-current assets	1.77B YoY+72.2%	1.03B YoY+56.4%	656M YoY-0.9%	662M YoY-5.6%	701M YoY-17.1%
	3.66B YoY+2.1%	3.58B YoY+7.6%	3.33B YoY-0.4%	3.35B YoY-5.2%	3.53B YoY-0.3%
Accounts payable	308M YoY-9.4%	340M YoY+0.9%	337M YoY-6.4%	360M YoY-0.3%	361M YoY-7.2%
Accrued liabilities	439M YoY+0.0%	439M YoY+0.0%	439M YoY+0.0%	439M YoY+0.0%	439M YoY+0.0%
Deferred revenue	501M YoY+11.3%	450M YoY+16.9%	385M YoY-3.3%	398M YoY-1.2%	403M YoY+5.2%
Short-term & current debt	33.0M YoY+0.0%	33.0M YoY+0.0%	33.0M YoY+312.5%	8.00M YoY-78.9%	38.0M YoY+0.0%
Current lease liability	153M YoY+0.7%	152M YoY-0.7%	153M YoY-12.1%	174M YoY-10.8%	195M YoY-7.6%
Other current liabilities	404M YoY-8.0%	439M YoY-12.2%	500M YoY+40.1%	357M YoY-9.6%	395M YoY-15.8%
	5.68B YoY+2.1%	5.56B YoY+5.7%	5.26B YoY-5.2%	5.54B YoY-5.4%	5.86B YoY-3.7%
Long-term debt	543M YoY-37.9%	875M YoY+44.4%	606M YoY-5.0%	638M YoY+1.9%	626M YoY-5.6%
Deferred revenue (non-current)	37.0M YoY+23.3%	30.0M YoY-28.6%	42.0M YoY+121.1%	19.0M YoY-52.5%	40.0M YoY+11.1%
Non-current lease liability	423M YoY+0.7%	420M YoY-19.7%	523M YoY-26.8%	714M YoY-8.8%	783M YoY-7.4%
Deferred tax liabilities	168M YoY+9.1%	154M YoY-31.9%	226M YoY+25.6%	180M YoY-17.4%	218M YoY+5.8%
Other non-current liabilities	847M YoY+71.5%	494M YoY+33.9%	369M YoY+1.9%	362M YoY+26.1%	287M YoY-22.0%
	15.0B YoY+4.2%	14.4B YoY+8.9%	13.2B YoY+7.5%	12.3B YoY+2.7%	12.0B YoY+10.7%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	5.00M YoY+0.0%	5.00M YoY+0.0%	5.00M YoY+0.0%	5.00M YoY+0.0%	5.00M YoY+0.0%
Additional paid-in capital	12.0M YoY-7.7%	13.0M YoY-13.3%	15.0M YoY+0.0%	15.0M YoY-44.4%	27.0M YoY-15.6%
Retained earnings	15.2B YoY+3.2%	14.7B YoY+10.4%	13.3B YoY+5.7%	12.6B YoY+5.6%	11.9B YoY+11.5%
Accumulated other comprehensive income	-160M YoY+45.9%	-296M YoY-214.9%	-94.0M YoY+68.6%	-299M YoY-908.1%	37.0M YoY-66.4%
Total liabilities & equity	20.7B YoY+3.6%	20.0B YoY+8.0%	18.5B YoY+3.5%	17.9B YoY+0.0%	17.9B YoY+5.5%
Common shares issued	479M YoY-3.2%	495M YoY-0.6%	498M YoY-2.2%	509M YoY-3.0%	525M YoY-0.9%
Common shares outstanding	479M YoY-3.2%	495M YoY-0.6%	498M YoY-2.2%	509M YoY-3.0%	525M YoY-0.9%
Shares outstanding (cover)	483M YoY-2.7%	496M YoY-1.1%	501M YoY-2.4%	514M YoY-2.2%	525M YoY-1.8%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.88B YoY+35.7%	2.12B YoY-8.8%	2.33B YoY-9.3%	2.57B YoY+2.9%	2.50B YoY-24.4%
Depreciation & amortization	550M YoY+1.5%	542M YoY-2.3%	555M YoY-2.5%	569M YoY-0.9%	574M YoY+2.7%
Share-based compensation	181M YoY+3.4%	175M YoY-0.6%	176M YoY-32.6%	261M YoY+6.1%	246M YoY+6.0%
Deferred income taxes	327M YoY+192.1%	-355M YoY-4.7%	-339M YoY-24.2%	-273M YoY-1111.1%	27.0M YoY-85.3%
Change in receivables	366M YoY+646.9%	49.0M YoY+14.0%	43.0M YoY-81.9%	238M YoY-41.5%	407M YoY+254.2%
Change in payables	-2.00M YoY+91.3%	-23.0M YoY+0.0%	-23.0M YoY-109.1%	-11.0M YoY+68.6%	-35.0M YoY-132.1%
	-230M YoY+86.0%	-1.65B YoY-397.3%	-331M YoY-212.3%	-106M YoY+95.1%	-2.16B YoY-74.8%
Capital expenditure	288M YoY-3.0%	297M YoY-6.3%	317M YoY-4.5%	332M YoY+19.0%	279M YoY-29.9%
Acquisitions	0.00 YoY-100.0%	1.61B YoY+294.9%	409M YoY+11.4%	367M YoY-62.2%	970M YoY-13.6%
Proceeds from sale of PP&E	70.0M	0.00	0.00	—	—
	-2.27B YoY-148.3%	-915M YoY+43.1%	-1.61B YoY+17.0%	-1.94B YoY-61.2%	-1.20B YoY+40.1%
Common stock repurchased	1.38B YoY+127.8%	605M YoY-43.1%	1.06B YoY-25.2%	1.42B YoY+84.4%	771M YoY-52.4%
Dividends paid	610M YoY+1.7%	600M YoY+1.5%	591M YoY+4.8%	564M YoY+10.8%	509M YoY+6.0%
FX effect on cash	22.0M YoY+144.9%	-49.0M YoY-248.5%	33.0M YoY+257.1%	-21.0M YoY-31.3%	-16.0M YoY+5.9%
Net change in cash	403M YoY+182.9%	-486M YoY-214.9%	423M YoY-15.7%	502M YoY+156.5%	-888M YoY-2637.1%
Interest paid	36.0M YoY-32.1%	53.0M YoY+32.5%	40.0M YoY+166.7%	15.0M YoY+114.3%	7.00M YoY-72.0%
Income taxes paid	985 YoY-100.0%	1.12B YoY-10.0%	1.25B YoY+53.1%	813M YoY+30.1%	625M YoY-16.1%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	40.1B YoY+5.1%	38.1B YoY+0.7%	37.9B YoY+28.9%	29.4B YoY-36.9%	46.6B YoY+6.4%
P/E	18.0× YoY+5.5%	17.0× YoY-6.8%	18.3× YoY+44.6%	12.6× YoY-42.1%	21.8× YoY-30.7%
P/S	1.9× YoY-1.8%	1.9× YoY-1.6%	2.0× YoY+28.4%	1.5× YoY-39.3%	2.5× YoY-4.3%
P/B	2.7× YoY+0.8%	2.6× YoY-10.6%	3.0× YoY+19.6%	2.5× YoY-36.3%	3.9× YoY-3.9%
P/FCF	15.4× YoY-26.0%	20.9× YoY+7.6%	19.4× YoY+56.2%	12.4× YoY-40.9%	21.0× YoY+39.2%
Earnings yield	5.6% YoY-5.2%	5.9% YoY+7.3%	5.5% YoY-30.8%	7.9% YoY+72.7%	4.6% YoY+44.3%
FCF yield	6.5% YoY+35.2%	4.8% YoY-7.0%	5.2% YoY-36.0%	8.1% YoY+69.3%	4.8% YoY-28.2%
Dividend yield	1.5% YoY-4.3%	1.6% YoY+1.6%	1.5% YoY-18.7%	1.9% YoY+74.5%	1.1% YoY+0.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CTSH's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CTSH filings on SEC EDGAR → Not investment advice.

CTSH▼ financial statements

About this data

financial statements