Cognizant Technology Solutions Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Cognizant Technology Solutions Corporation reported revenue of $21.1B (+7.0% year on year) and net income of $2.2B (-0.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $21.1B | $19.7B | $19.4B | $19.4B |
| Cost of revenues (exclusive of depreciation and amortization expense shown separately below) | $14.0B | $13.0B | $12.7B | $12.4B |
| Selling, general and administrative expenses | $3.2B | $3.2B | $3.3B | $3.4B |
| Restructuring charges | $0 | $134.0M | $229.0M | $0 |
| Depreciation and amortization expense | $550.0M | $529.0M | $519.0M | $569.0M |
| Income from operations | $3.4B | $2.9B | $2.7B | $3.0B |
| Interest income | $105.0M | $119.0M | $126.0M | $59.0M |
| Interest expense | ($37.0M) | ($54.0M) | ($41.0M) | ($19.0M) |
| Foreign currency exchange gains (losses), net | $18.0M | ($19.0M) | $2.0M | $7.0M |
| Other, net | $4.0M | $0 | $11.0M | $1.0M |
| Total other income (expense), net | $90.0M | $46.0M | $98.0M | $48.0M |
| Income before provision for income taxes | $3.5B | $2.9B | $2.8B | $3.0B |
| Provision for income taxes | ($1.3B) | ($713.0M) | ($668.0M) | ($730.0M) |
| Income (loss) from equity method investments | $9.0M | $15.0M | $7.0M | $4.0M |
| Net income | $2.2B | $2.2B | $2.1B | $2.3B |
| Basic earnings per share | $4.57 | $4.52 | $4.21 | $4.42 |
| Diluted earnings per share | $4.56 | $4.51 | $4.21 | $4.41 |
| Weighted average number of common shares outstanding—Basic | 488.0M | 496.0M | 505.0M | 518.0M |
| Dilutive effect of shares issuable under stock-based compensation plans | 1.0M | 1.0M | 0 | 1.0M |
| Weighted average number of common shares outstanding—Diluted | 489.0M | 497.0M | 505.0M | 519.0M |
| Gain on sale of property and equipment | ($62.0M) | — | — | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenues | $5.5B | $5.4B | $5.4B | $5.2B |
| Cost of revenues (exclusive of depreciation and amortization expense shown separately below) | $3.7B | $3.6B | $3.6B | $3.5B |
| Selling, general and administrative expenses | $728.0M | $791.0M | $833.0M | $810.0M |
| Restructuring charges | $84.0M | — | $0 | $0 |
| Depreciation and amortization expense | $143.0M | $141.0M | $135.0M | $139.0M |
| (Gain) on sale of property and equipment | $0 | $0 | $0 | $0 |
| Income from operations | $874.0M | $843.0M | $866.0M | $817.0M |
| Interest income | $18.0M | $22.0M | $25.0M | $23.0M |
| Interest expense | ($13.0M) | ($7.0M) | ($8.0M) | ($9.0M) |
| Foreign currency exchange gains (losses), net | $7.0M | $18.0M | $4.0M | $7.0M |
| Other, net | ($11.0M) | ($9.0M) | $0 | $4.0M |
| Total other income (expense), net | $1.0M | $24.0M | $21.0M | $25.0M |
| Income before provision for income taxes | $875.0M | $867.0M | $887.0M | $842.0M |
| Provision for income taxes | ($231.0M) | ($208.0M) | ($613.0M) | ($197.0M) |
| Income (Loss) from Equity Method Investments | ($8.0M) | $3.0M | $0 | $0 |
| Net income | $636.0M | $662.0M | $274.0M | $645.0M |
| Basic earnings per share (usd per share) | $1.36 | $1.39 | $0.56 | $1.31 |
| Diluted earnings per share (usd per share) | $1.36 | $1.39 | $0.56 | $1.31 |
| Weighted average number of common shares outstanding - Basic (shares) | 466.0M | 477.0M | 486.0M | 492.0M |
| Dilutive effect of shares issuable under stock-based compensation plans (shares) | 0 | 0 | 1.0M | 0 |
| Weighted average number of common shares outstanding - Diluted (shares) | 466.0M | 477.0M | 487.0M | 492.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.9B | $2.2B | $2.6B | $2.2B |
| Short-term investments | $13.0M | $12.0M | $14.0M | $310.0M |
| Trade accounts receivable, net | $4.4B | $4.1B | $3.8B | $3.8B |
| Other current assets | $1.5B | $1.2B | $1.0B | $969.0M |
| Total current assets | $7.8B | $7.5B | $7.5B | $7.3B |
| Property and equipment, net | $933.0M | $994.0M | $1.0B | $1.1B |
| Operating lease assets, net | $573.0M | $552.0M | $611.0M | $876.0M |
| Goodwill | $7.1B | $7.0B | $6.1B | $5.7B |
| Intangible assets, net | $1.4B | $1.6B | $1.1B | $1.2B |
| Deferred income tax assets, net | $967.0M | $1.2B | $993.0M | $642.0M |
| Long-term investments | $111.0M | $90.0M | $435.0M | $427.0M |
| Other noncurrent assets | $1.8B | $1.0B | $656.0M | $662.0M |
| Total assets | $20.7B | $20.0B | $18.5B | $17.9B |
| Accounts payable | $308.0M | $340.0M | $337.0M | $360.0M |
| Deferred revenue | $501.0M | $450.0M | $385.0M | $398.0M |
| Short-term debt | $33.0M | $33.0M | $33.0M | $8.0M |
| Operating lease liabilities | $153.0M | $152.0M | $153.0M | $174.0M |
| Accrued expenses and other current liabilities | $2.7B | $2.6B | $2.4B | $2.4B |
| Total current liabilities | $3.7B | $3.6B | $3.3B | $3.3B |
| Deferred revenue, noncurrent | $37.0M | $30.0M | $42.0M | $19.0M |
| Operating lease liabilities, noncurrent | $423.0M | $420.0M | $523.0M | $714.0M |
| Deferred income tax liabilities, net | $168.0M | $154.0M | $226.0M | $180.0M |
| Long-term debt | $543.0M | $875.0M | $606.0M | $638.0M |
| Other noncurrent liabilities | $847.0M | $494.0M | $369.0M | $362.0M |
| Total liabilities | $5.7B | $5.6B | $5.3B | $5.5B |
| Preferred stock, $0.10 par value, 15 shares authorized, none issued | 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 | 5.0M | 5.0M | 5.0M | 5.0M |
| Additional paid-in capital | $12.0M | $13.0M | $15.0M | $15.0M |
| Retained earnings | $15.2B | $14.7B | $13.3B | $12.6B |
| Accumulated other comprehensive income (loss) | ($160.0M) | ($296.0M) | ($94.0M) | ($299.0M) |
| Total stockholders’ equity | $15.0B | $14.4B | $13.2B | $12.3B |
| Total liabilities and stockholders’ equity | $20.7B | $20.0B | $18.5B | $17.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.0B | $1.5B | $2.3B | $1.8B |
| Short-term investments | $13.0M | $13.0M | $13.0M | $12.0M |
| Trade accounts receivable, net | $4.8B | $4.6B | $4.4B | $4.4B |
| Other current assets | $1.7B | $1.7B | $1.3B | $1.4B |
| Total current assets | $7.6B | $7.8B | $8.1B | $7.6B |
| Property and equipment, net | $981.0M | $955.0M | $949.0M | $976.0M |
| Operating lease assets, net | $555.0M | $539.0M | $578.0M | $565.0M |
| Goodwill | $8.1B | $7.7B | $7.1B | $7.1B |
| Intangible assets, net | $1.7B | $1.5B | $1.5B | $1.5B |
| Deferred income tax assets, net | $764.0M | $853.0M | $844.0M | $1.3B |
| Long-term investments | $106.0M | $113.0M | $107.0M | $110.0M |
| Other noncurrent assets | $1.1B | $1.0B | $990.0M | $1.0B |
| Total assets | $20.8B | $20.5B | $20.1B | $20.2B |
| Accounts payable | $357.0M | $363.0M | $284.0M | $279.0M |
| Deferred revenue | $490.0M | $580.0M | $384.0M | $440.0M |
| Short-term debt | $33.0M | $33.0M | $33.0M | $33.0M |
| Operating lease liabilities | $145.0M | $140.0M | $154.0M | $155.0M |
| Accrued expenses and other current liabilities | $2.4B | $2.4B | $2.6B | $2.2B |
| Total current liabilities | $3.5B | $3.5B | $3.4B | $3.2B |
| Deferred revenue, noncurrent | $31.0M | $37.0M | $35.0M | $34.0M |
| Operating lease liabilities, noncurrent | $389.0M | $384.0M | $432.0M | $430.0M |
| Deferred income tax liabilities, net | $177.0M | $195.0M | $168.0M | $169.0M |
| Long-term debt | $1.5B | $535.0M | $551.0M | $559.0M |
| Other noncurrent liabilities | $775.0M | $761.0M | $618.0M | $528.0M |
| Total liabilities | $6.4B | $5.4B | $5.2B | $4.9B |
| Preferred stock, $0.10 par value, 15 shares authorized, none issued | 0 | 0 | 0 | 0 |
| Class A common stock, $0.01 par value, 1,000 shares authorized, 452 and 479 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 5.0M | 5.0M | 5.0M | 5.0M |
| Additional paid-in capital | $11.0M | $17.0M | $14.0M | $14.0M |
| Retained earnings | $14.6B | $15.3B | $14.9B | $15.2B |
| Accumulated other comprehensive income (loss) | ($201.0M) | ($226.0M) | ($64.0M) | $43.0M |
| Total stockholders’ equity | $14.5B | $15.1B | $14.9B | $15.3B |
| Total liabilities and stockholders’ equity | $20.8B | $20.5B | $20.1B | $20.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $2.2B | $2.2B | $2.1B | $2.3B |
| Depreciation and amortization | $550.0M | $542.0M | $555.0M | $569.0M |
| Deferred income taxes | $327.0M | ($355.0M) | ($339.0M) | ($273.0M) |
| Stock-based compensation expense | $181.0M | $175.0M | $176.0M | $261.0M |
| Gain on sale of property and equipment | ($62.0M) | — | — | — |
| Other, net | ($5.0M) | $32.0M | $1.0M | $45.0M |
| Trade accounts receivable | ($366.0M) | ($49.0M) | ($43.0M) | ($238.0M) |
| Other current and noncurrent assets | ($118.0M) | ($386.0M) | $123.0M | $343.0M |
| Accounts payable | ($2.0M) | ($23.0M) | ($23.0M) | ($11.0M) |
| Deferred revenue, current and noncurrent | $55.0M | $44.0M | ($4.0M) | ($26.0M) |
| Other current and noncurrent liabilities | $93.0M | ($96.0M) | ($242.0M) | ($392.0M) |
| Net cash provided by operating activities | $2.9B | $2.1B | $2.3B | $2.6B |
| Purchases of property and equipment | ($288.0M) | ($297.0M) | ($317.0M) | ($332.0M) |
| Purchases of available-for-sale investment securities | $0 | $0 | ($59.0M) | ($1.2B) |
| Proceeds from maturity of available-for-sale investment securities | $0 | $0 | $285.0M | $1.3B |
| Purchases of held-to-maturity investment securities | $0 | $0 | ($3.0M) | ($44.0M) |
| Proceeds from maturity of held-to-maturity investment securities | $0 | $3.0M | $24.0M | $54.0M |
| Purchases of other investments | ($17.0M) | ($2.0M) | ($379.0M) | ($546.0M) |
| Proceeds from maturity or sale of other investments | $5.0M | $265.0M | $527.0M | $1.0B |
| Proceeds from sale of property and equipment | $70.0M | — | — | — |
| Payments for business combinations, net of cash acquired | $0 | ($1.6B) | ($409.0M) | ($367.0M) |
| Net cash (used in) investing activities | ($230.0M) | ($1.6B) | ($331.0M) | ($106.0M) |
| Issuance of common stock under stock-based compensation plans | 58.0M | 63.0M | 71.0M | 86.0M |
| Repurchases of common stock | ($1.4B) | ($605.0M) | ($1.1B) | ($1.4B) |
| Repayment of Term Loan borrowings and earnout and finance leases obligations | ($42.0M) | ($73.0M) | ($25.0M) | ($686.0M) |
| Proceeds from borrowings under the revolving credit facility | $0 | $600.0M | — | $0 |
| Repayments of Long-Term Lines of Credit | ($300.0M) | ($300.0M) | — | $0 |
| Dividends paid | ($610.0M) | ($600.0M) | ($591.0M) | ($564.0M) |
| Net cash (used in) financing activities | ($2.3B) | ($915.0M) | ($1.6B) | ($1.9B) |
| Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation | $22.0M | ($49.0M) | $33.0M | ($21.0M) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total | $403.0M | ($486.0M) | $423.0M | $502.0M |
| Cash, cash equivalents and restricted cash and cash equivalents, beginning of year | $2.2B | $2.7B | $2.3B | $1.8B |
| Cash, cash equivalents and restricted cash and cash equivalents, end of year | $2.6B | $2.2B | $2.7B | — |
| Cash paid for income taxes during the year | $985.0M | $1.1B | $1.2B | $813.0M |
| Cash interest paid during the year | $36.0M | $53.0M | $40.0M | $15.0M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $1.3B | $662.0M | $1.6B | $1.3B |
| Depreciation and amortization expense | $284.0M | $141.0M | $410.0M | $275.0M |
| Deferred income taxes | $119.0M | $111.0M | $415.0M | $9.0M |
| Stock-based compensation expense | $99.0M | $46.0M | $137.0M | $90.0M |
| (Gain) on sale of property and equipment | $0 | $0 | ($62.0M) | ($62.0M) |
| Other | $14.0M | ($6.0M) | ($3.0M) | ($15.0M) |
| Trade accounts receivable, current | ($274.0M) | ($143.0M) | ($322.0M) | ($320.0M) |
| Other current and noncurrent assets | ($219.0M) | ($206.0M) | $1.0M | ($60.0M) |
| Accounts payable | $29.0M | $25.0M | ($35.0M) | ($29.0M) |
| Deferred revenues, current and noncurrent | ($20.0M) | $76.0M | ($64.0M) | ($10.0M) |
| Other current and noncurrent liabilities | ($498.0M) | ($432.0M) | ($34.0M) | ($388.0M) |
| Net cash provided by operating activities | $832.0M | $274.0M | $2.0B | $798.0M |
| Purchases of property and equipment | ($175.0M) | ($76.0M) | ($211.0M) | ($144.0M) |
| Proceeds from sale of property and equipment | $0 | $0 | $70.0M | $70.0M |
| Purchases of other investments | ($51.0M) | — | ($17.0M) | ($16.0M) |
| Proceeds from maturity or sale of other investments | $51.0M | — | $3.0M | $1.0M |
| Payments for business combinations, net of cash acquired | ($1.3B) | ($730.0M) | $0 | $0 |
| Net cash (used in) investing activities | ($1.5B) | ($806.0M) | ($155.0M) | ($89.0M) |
| Issuance of common stock under stock-based compensation plans | 29.0M | 17.0M | 46.0M | 33.0M |
| Repurchases of common stock | ($1.6B) | ($444.0M) | ($1.0B) | ($577.0M) |
| Repayment of Term Loan borrowings and finance lease obligations | ($23.0M) | ($11.0M) | ($32.0M) | ($21.0M) |
| Proceeds from borrowings under the revolving credit facility | $1.0B | — | $0 | — |
| Repayment of notes outstanding under the revolving credit facility | $0 | $0 | ($300.0M) | ($300.0M) |
| Dividends paid | ($316.0M) | ($159.0M) | ($459.0M) | ($308.0M) |
| Net cash (used in) financing activities | ($917.0M) | ($597.0M) | ($1.8B) | ($1.2B) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($2.0M) | ($1.0M) | $25.0M | $29.0M |
| (Decrease) in cash, cash equivalents and restricted cash | ($1.6B) | ($1.1B) | $110.0M | ($435.0M) |
| Cash, cash equivalents and restricted cash beginning of year | $2.6B | $2.6B | $2.2B | $2.2B |
| Cash and cash equivalents, end of period | $1.0B | $1.5B | $2.3B | $1.8B |
Cognizant Technology Solutions Corporation score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.