Stocks · Technology · Services-Computer Programming Services

Cognizant

CTSH Clue Score68
United States Fiscal year ends December CIK 0001058290
$59.20 -1.35% Close, 9 Oct 2026
Price $59.20 −21.47% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue13.49Operating income2.29Net income1.55EPS, diluted2.55Fiscal year 2017Revenue14.81 +9.8%Operating income2.48Net income1.50 −3.2%EPS, diluted2.53 −0.8%Fiscal year 2018Revenue16.13 +8.9%Operating income2.80Net income2.10 +39.7%EPS, diluted3.60 +42.3%Fiscal year 2019Revenue16.78 +4.1%Operating income2.45Net income1.84 −12.3%EPS, diluted3.29 −8.6%Fiscal year 2020Revenue16.65 −0.8%Operating income2.11Net income1.39 −24.4%EPS, diluted2.57 −21.9%Fiscal year 2021Revenue18.51 +11.1%Operating income2.83Net income2.14 +53.5%EPS, diluted4.05 +57.6%Fiscal year 2022Revenue19.43 +5.0%Operating income2.97Net income2.29 +7.2%EPS, diluted4.41 +8.9%Fiscal year 2023Revenue19.35 −0.4%Operating income2.69Net income2.13 −7.2%EPS, diluted4.21 −4.5%Fiscal year 2024Revenue19.74 +2.0%Operating income2.89Net income2.24 +5.4%EPS, diluted4.51 +7.1%Fiscal year 2025Revenue21.11 +7.0%Operating income3.39Net income2.23 −0.4%EPS, diluted4.56 +1.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 13.49 14.81 16.13 16.78 16.65 18.51 19.43 19.35 19.74 21.11
Growth +9.8% +8.9% +4.1% −0.8% +11.1% +5.0% −0.4% +2.0% +7.0%
Operating income 2.29 2.48 2.80 2.45 2.11 2.83 2.97 2.69 2.89 3.39
Net income 1.55 1.50 2.10 1.84 1.39 2.14 2.29 2.13 2.24 2.23
Growth −3.2% +39.7% −12.3% −24.4% +53.5% +7.2% −7.2% +5.4% −0.4%
EPS, diluted 2.55 2.53 3.60 3.29 2.57 4.05 4.41 4.21 4.51 4.56
Growth −0.8% +42.3% −8.6% −21.9% +57.6% +8.9% −4.5% +7.1% +1.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin17.0%Net margin11.5%Free cash flow margin10.0%Fiscal year 2017Operating margin16.8%Net margin10.2%Free cash flow margin14.3%Fiscal year 2018Operating margin17.4%Net margin13.0%Free cash flow margin13.7%Fiscal year 2019Operating margin14.6%Net margin11.0%Free cash flow margin12.6%Fiscal year 2020Operating margin12.7%Net margin8.4%Free cash flow margin17.4%Fiscal year 2021Operating margin15.3%Net margin11.5%Free cash flow margin12.0%Fiscal year 2022Operating margin15.3%Net margin11.8%Free cash flow margin11.5%Fiscal year 2023Operating margin13.9%Net margin11.0%Free cash flow margin10.4%Fiscal year 2024Operating margin14.7%Net margin11.3%Free cash flow margin9.3%Fiscal year 2025Operating margin16.1%Net margin10.6%Free cash flow margin12.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 17.0% 16.8% 17.4% 14.6% 12.7% 15.3% 15.3% 13.9% 14.7% 16.1%
Net margin 11.5% 10.2% 13.0% 11.0% 8.4% 11.5% 11.8% 11.0% 11.3% 10.6%
Free cash flow margin 10.0% 14.3% 13.7% 12.6% 17.4% 12.0% 11.5% 10.4% 9.3% 12.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.65Capital expenditure−0.30Free cash flow1.35Buybacks−0.51Dividends paid0.00Fiscal year 2017Operating cash flow2.41Capital expenditure−0.28Free cash flow2.12 +57.8%Buybacks−1.89Dividends paid−0.27Fiscal year 2018Operating cash flow2.59Capital expenditure−0.38Free cash flow2.22 +4.3%Buybacks−1.26Dividends paid−0.47Fiscal year 2019Operating cash flow2.50Capital expenditure−0.39Free cash flow2.11 −4.9%Buybacks−2.25Dividends paid−0.45Fiscal year 2020Operating cash flow3.30Capital expenditure−0.40Free cash flow2.90 +37.7%Buybacks−1.62Dividends paid−0.48Fiscal year 2021Operating cash flow2.50Capital expenditure−0.28Free cash flow2.22 −23.6%Buybacks−0.77Dividends paid−0.51Fiscal year 2022Operating cash flow2.57Capital expenditure−0.33Free cash flow2.24 +0.9%Buybacks−1.42Dividends paid−0.56Fiscal year 2023Operating cash flow2.33Capital expenditure−0.32Free cash flow2.01 −10.0%Buybacks−1.06Dividends paid−0.59Fiscal year 2024Operating cash flow2.12Capital expenditure−0.30Free cash flow1.83 −9.2%Buybacks−0.61Dividends paid−0.60Fiscal year 2025Operating cash flow2.88Capital expenditure−0.29Free cash flow2.60 +42.0%Buybacks−1.38Dividends paid−0.61
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.65 2.41 2.59 2.50 3.30 2.50 2.57 2.33 2.12 2.88
Capital expenditure −0.30 −0.28 −0.38 −0.39 −0.40 −0.28 −0.33 −0.32 −0.30 −0.29
Free cash flow 1.35 2.12 2.22 2.11 2.90 2.22 2.24 2.01 1.83 2.60
Growth +57.8% +4.3% −4.9% +37.7% −23.6% +0.9% −10.0% −9.2% +42.0%
Buybacks −0.51 −1.89 −1.26 −2.25 −1.62 −0.77 −1.42 −1.06 −0.61 −1.38
Dividends paid 0.00 −0.27 −0.47 −0.45 −0.48 −0.51 −0.56 −0.59 −0.60 −0.61

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.03Total debt0.80Net cash (debt)1.24Shareholders’ equity10.73Debt to equity0.07Fiscal year 2017Cash1.93Total debt0.70Net cash (debt)1.23Shareholders’ equity10.67Debt to equity0.07Fiscal year 2018Cash1.16Total debt0.74Net cash (debt)0.43Shareholders’ equity11.42Debt to equity0.06Fiscal year 2019Cash2.65Total debt0.70Net cash (debt)1.95Shareholders’ equity11.02Debt to equity0.06Fiscal year 2020Cash2.68Total debt0.66Net cash (debt)2.02Shareholders’ equity10.84Debt to equity0.06Fiscal year 2021Cash1.79Total debt0.63Net cash (debt)1.17Shareholders’ equity11.99Debt to equity0.05Fiscal year 2022Cash2.19Total debt0.64Net cash (debt)1.55Shareholders’ equity12.31Debt to equity0.05Fiscal year 2023Cash2.62Total debt0.61Net cash (debt)2.02Shareholders’ equity13.23Debt to equity0.05Fiscal year 2024Cash2.23Total debt0.88Net cash (debt)1.36Shareholders’ equity14.41Debt to equity0.06Fiscal year 2025Cash1.90Total debt0.54Net cash (debt)1.36Shareholders’ equity15.02Debt to equity0.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.03 1.93 1.16 2.65 2.68 1.79 2.19 2.62 2.23 1.90
Total debt 0.80 0.70 0.74 0.70 0.66 0.63 0.64 0.61 0.88 0.54
Net cash (debt) 1.24 1.23 0.43 1.95 2.02 1.17 1.55 2.02 1.36 1.36
Shareholders’ equity 10.73 10.67 11.42 11.02 10.84 11.99 12.31 13.23 14.41 15.02
Debt to equity 0.07 0.07 0.06 0.06 0.06 0.05 0.05 0.05 0.06 0.04

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
17.0% 16.8% 17.4% 14.6% 12.7% 15.3% 15.3% 13.9% 14.7% 16.1%
17.5% 17.9% 17.3% 15.2% 12.6% 15.3% 15.5% 14.4% 14.9% 16.5%
11.5% 10.2% 13.0% 11.0% 8.4% 11.5% 11.8% 11.0% 11.3% 10.6%
10.0% 14.3% 13.7% 12.6% 17.4% 12.0% 11.5% 10.4% 9.3% 12.3%
Spending
20.2% 18.2% 18.6% 17.7% 18.6% 18.9% 17.7% 16.8% 16.3% 15.3%
2.2% 1.9% 2.3% 2.3% 2.4% 1.5% 1.7% 1.6% 1.5% 1.4%
34.2% 43.4% 25.0% 25.3% 33.6% 24.5% 24.2% 24.0% 24.3% 36.2%
Returns
14.5% 14.1% 18.4% 16.7% 12.8% 17.8% 18.6% 16.1% 15.5% 14.9%
10.9% 9.9% 13.3% 11.4% 8.2% 12.0% 12.8% 11.5% 11.2% 10.8%
Balance and payout
0.07 0.07 0.06 0.06 0.06 0.05 0.05 0.05 0.06 0.04
24.8% 29.9% 27.9% 32.0% 36.0% 32.8% 31.0% 28.4% 27.8% 27.4%
0.0% 17.6% 22.3% 24.6% 34.5% 23.8% 24.6% 27.8% 26.8% 27.4%
38.1% 101.5% 78.1% 128.1% 72.4% 57.8% 88.8% 82.2% 66.0% 76.6%