Cognizant Technology Solutions Corporation

CTSH Technology Information Technology Services

Cognizant Technology Solutions Corporation’s revenue for fiscal 2025 (year ended December 2025) was $21.1 billion, up 6.95% from fiscal 2024.

Revenue
+4.60%
EPS
+148.8%
Free cash flow
−20.3%
Total debt
+181.7%

Quarter to September 2026, against a year earlier

66.50 0.72 +1.09%
Market cap
$29.8B
P/E
12.1×
Fwd P/E
11.5×
Dividend yield
1.95%
F-score
7/9
Altman Z
7.11
Beneish M
−2.50
Dividend safety
96/100

Cognizant Technology Solutions Corporation (CTSH) Gross margin

Alert me on Gross margin

Cognizant Technology Solutions Corporation's gross margin over the twelve months to 30 September 2026 was 33.4%, down 0.3 percentage points from fiscal 2025 (33.7%). Over the past ten years it has ranged from 33.7% (fiscal 2025) to 40.1% (fiscal 2015) — the current reading is the lowest in ten years. That is above the Information Technology Services industry median of 30.0% and below the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 33.7% (0.62)
FY2024 34.3% (0.22)
FY2023 34.6% (1.37)
FY2022 35.9% (1.37)
FY2021 37.3% 1.38
FY2020 35.9% (0.72)
FY2019 36.6% (2.35)
FY2018 39.0% 0.79
FY2017 38.2% (1.68)
FY2016 39.9% (0.20)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 33.8% 0.40
Jun 2026 33.4% 0.58
Mar 2026 32.8% (0.94)
Dec 2025 33.7% (0.14)
43 more quarters

Against its own ten years

Low 33.7% High 40.1%
Ten-year median 36.6%
Current reading's percentile 2

Gross margin against peers

Company Gross margin
FISV Fiserv, Inc. compare 53.9%
FIS Fidelity National Information Services, Inc. compare 35.9%
CACI CACI International, Inc. compare 34.0%
CTSH Cognizant Technology Solutions Corporation 33.4%
BR Broadridge Financial Solutions, Inc. compare 31.5%
INFY American Noble Gas Inc. compare 30.4%
WIT Wipro Limited compare 28.9%
CDW CDW Corporation compare 21.0%
LDOS Leidos Holdings, Inc. compare 17.6%
Information Technology Services industry median 30.0%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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