Wednesday 28 October 2026 Export CTSH’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 4.50%, EPS grew 3.82%, free cash flow grew 38.7% and total debt rose 173.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

66.20 3.14 −4.53%

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Market cap: $29.8B
P/E: 14.2×
Fwd P/E: 12.5×
Dividend yield: 1.96%
F-score: 7/9
Altman Z: 7.11
Beneish M: −2.50
Dividend safety: 96/100

Overview Business Profile Earnings & Analysis Segments Filings

Cognizant Technology Solutions Corporation (CTSH) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Healthcare Segment	6,347	30.07%
Financial Services	6,173	29.24%
Products and Resources	5,285	25.04%
Communications, Media and Technology	3,303	15.65%
Gross margin		33.72%
Operating margin		16.06%
Pre-tax margin		16.48%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Consulting And Technology Services	13,533 64.11%	12,492 63.30%	11,964 61.82%	12,225 62.92%	11,587 62.61%	10,182 61.15%	9,946 59.26%	9,309 57.73%
Outsourcing Services	7,575 35.89%	7,244 36.70%	7,389 38.18%	7,203 37.08%	6,920 37.39%	6,470 38.85%	6,837 40.74%	6,816 42.27%
Revenue	21,108	19,736	19,353	19,428	18,507	16,652	16,783	16,125

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Healthcare Segment	6,347 30.07%	5,932 30.06%	5,674 29.32%	5,631 28.98%	5,337 28.84%	4,852 29.14%	4,695 27.97%	4,668 28.95%	4,263 28.78%	3,871 28.70%	3,668 29.54%	2,689 26.20%	2,265 25.61%	1,935 26.34%	1,622 26.50%	1,177 25.63%	860 26.24%
Financial Services	6,173 29.24%	5,753 29.15%	5,809 30.02%	6,072 31.25%	6,051 32.70%	5,621 33.76%	5,869 34.97%	5,845 36.25%	5,636 38.06%	5,366 39.79%	5,003 40.29%	4,286 41.76%	3,718 42.04%	3,035 41.32%	2,518 41.14%	1,944 42.34%	1,407 42.90%
Products and Resources	5,285 25.04%	4,782 24.23%	4,628 23.91%	4,566 23.50%	4,276 23.10%	3,696 22.20%	3,770 22.46%	3,415 21.18%	3,040 20.53%	2,660 19.72%	2,344 18.88%	2,094 20.40%	1,868 21.13%	1,499 20.40%	1,197 19.56%	850 18.50%	565 17.23%
Communications, Media and Technology	3,303 15.65%	3,269 16.56%	3,242 16.75%	3,159 16.26%	2,843 15.36%	2,483 14.91%	2,449 14.59%	2,197 13.62%	1,871 12.63%	1,590 11.79%	1,401 11.28%	1,194 11.63%	993 11.22%	877 11.94%	783 12.79%	621 13.53%	447 13.62%
Revenue	21,108	19,736	19,353	19,428	18,507	16,652	16,783	16,125	14,810	13,487	12,416	10,263	8,843	7,346	6,121	4,592	3,279

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Financial Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Healthcare Segment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Products and Resources	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Communications, Media and Technology	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating segments [member]	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
North America	15,780 74.76%	14,698 74.47%	14,263 73.70%	14,435 74.30%	13,636 73.68%	12,581 75.55%	12,726 75.83%	12,293 76.24%	11,450 77.31%	10,546 78.19%	9,759 78.60%	7,880 76.78%
Europe, excluding United Kingdom	2,090 9.90%	1,932 9.79%	1,909 9.86%	1,795 9.24%	1,919 10.37%	1,653 9.93%	1,691 10.08%	1,563 9.69%	1,248 8.43%	969 7.18%	820 6.60%	785 7.65%
United Kingdom	1,922 9.11%	1,827 9.26%	1,885 9.74%	1,810 9.32%	1,642 8.87%	1,335 8.02%	1,313 7.82%	1,274 7.90%	1,150 7.77%	1,176 8.72%	1,188 9.57%	1,099 10.71%
Rest of World	1,316 6.23%	1,279 6.48%	1,296 6.70%	1,388 7.14%	1,310 7.08%	1,083 6.50%	1,053 6.27%	995 6.17%	962 6.50%	796 5.90%	649 5.23%	499 4.86%
Europe	4,012	3,759	3,794	3,605	3,561	2,988	3,004	2,837	2,398	2,145	2,008	1,884
Revenue	21,108	19,736	19,353	19,428	18,507	16,652	16,783	16,125	14,810	13,487	12,416	10,263

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Bookings	Q2 FY2026	$29.1B	$27.8B	+4.68%
Bookings	Q2 FY2026	5.00%	18.0%	—
Book-to-bill	Q2 FY2026	1.3×	1.4×	−7.14%
Remaining performance obligations	Q1 FY2026	$6.3B	$5.6B	+11.52%
Total headcount	Q2 FY2026	356.7K	343.8K	+3.75%
Voluntary attrition - Tech Services	Q2 FY2026	13.0%	15.2%	—

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
Bookings	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Bookings	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Book-to-bill	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total headcount	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Voluntary attrition - Tech Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.