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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.

66.03 0.26 +0.40%

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Market cap: $29.6B
P/E: 14.2×
Fwd P/E: 9.8×
Dividend yield: 1.97%
F-score: 7/9
Altman Z: 7.11
Beneish M: −2.50
Dividend safety: 96/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.21

Total sells 6.13

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	2	12	3	2	1	1	1	2	1	3	3	—

Insider Ownership 3.79%

Capital & Financial Ratios $m

Market Cap 29,630.00

Revenue 21,642.00

Net Income 2,220.00

Free Cash Flow 2,598.00

Net Debt 476.00

Current Ratio 2.18

Debt/Equity 0.11

P/E ratio 14.17

Fwd P/E 9.76

P/S ratio 1.42

P/B ratio 2.13

Past 5Y EPS Growth 12.15%

This Y EPS Growth 9.08%

Next Y EPS Growth 9.93%

Next Y revenue growth 5.15%

Next 5Y EPS Growth 9.74%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 12.57%

10-year low 10-year high

P/S against its own 10 years 5.82%

10-year low 10-year high

P/B against its own 10 years 6.16%

10-year low 10-year high

EV/Sales against its own 10 years 7.78%

10-year low 10-year high

EV/FCF against its own 10 years 13.38%

10-year low 10-year high

Dividends

Payout Ratio 0.28

Annual Dividend Rate 1.30

Annual Dividend Yield 1.97%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.33	0.33 0.33 0.33
2025	1.24	0.31 0.31 0.31 0.31
2024	1.20	0.30 0.30 0.30 0.30
2023	1.16	0.29 0.29 0.29 0.29
2022	1.08	0.27 0.27 0.27 0.27
2021	0.96	0.24 0.24 0.24 0.24
2020	0.88	0.22 0.22 0.22 0.22
2019	0.80	0.20 0.20 0.20 0.20
2018	0.80	0.20 0.20 0.20 0.20
2017	0.45	0.15 0.15 0.15

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,635	2,243	1,914	1,051
Receivables	3,849	4,059	4,439	4,780
Inventory	—	—	—	—
Other	1,022	1,202	1,465	1,728
	7,506	7,504	7,818	7,559

	2023	2024	2025	Q'26
Payables	337	340	308	357
ST’ Debt	—	—	—	—
Other	—	—	—	—
	3,333	3,585	3,659	3,464

Compound Annual Growth %

	10y	5y	3y
Sales	5.45%	4.86%	2.80%
Cash Flow	2.80%	(2.66%)	3.93%
Earnings	3.22%	9.88%	(0.88%)
Book Value	4.93%	6.74%	6.85%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5,413	5,481	—	—	—
’25	5,115	5,245	5,415	5,333	21,108
’24	4,760	4,850	5,044	5,082	19,736
’23	4,812	4,886	4,897	4,758	19,353
’22	4,826	4,906	4,857	4,839	19,428
’21	4,401	4,585	4,744	4,777	18,507
’20	4,225	4,000	4,243	4,184	16,652

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	274	558	—	—	—
’25	400	398	1,227	858	2,883
’24	95	262	847	920	2,124
’23	729	36	828	737	2,330
’22	306	528	1,032	702	2,568
’21	181	541	948	825	2,495
’20	497	979	925	898	3,299

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	198	459	—	—	—
’25	393	331	1,160	781	2,665
’24	16	183	791	837	1,827
’23	631	(32)	755	659	2,013
’22	186	485	953	612	2,236
’21	93	466	897	760	2,216
’20	385	886	821	809	2,901

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.39	1.36	—	—	—
’25	1.34	1.31	0.56	1.34	4.56
’24	1.10	1.14	1.17	1.10	4.51
’23	1.14	0.91	1.04	1.11	4.21
’22	1.07	1.11	1.22	1.02	4.41
’21	0.95	0.97	1.03	1.10	4.05
’20	0.67	0.67	0.64	0.59	2.57

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	45.44	51.52	59.47	56.73	40.01	66.19	51.33	56.45	63.79	65.15	Analyst estimates 2026–2028 Powerpack
	High	63.43	76.51	85.10	74.85	82.73	90.08	93.47	76.85	82.46	90.82
People
People	Employees	260,200	260,000	281,600	292,500	289,500	330,600	355,300	347,700	336,800	351,600
	Revenue/emp, $m	0.05	0.06	0.06	0.06	0.06	0.06	0.05	0.06	0.06	0.06
Income, $m
Income, $m	Revenue	13,487	14,810	16,125	16,783	16,652	18,507	19,428	19,353	19,736	21,108
	Gross margin, %	39.88	38.20	38.99	36.64	35.92	37.30	35.93	34.56	34.34	33.72
	EBT	2,357	2,655	2,797	2,543	2,096	2,827	3,016	2,787	2,938	3,479
	EBT margin, %	17.48	17.93	17.35	15.15	12.59	15.28	15.52	14.40	14.89	16.48
	Net income	1,553	1,504	2,101	1,842	1,392	2,137	2,290	2,126	2,240	2,230
	Depreciation	379	443	498	526	559	574	569	555	542	550
Per share, $
Per share, $	Revenue	22.22	24.97	27.71	30.02	30.84	35.12	37.51	38.32	39.79	43.25
	Earnings	2.56	2.54	3.61	3.30	2.58	4.06	4.42	4.21	4.52	4.57
	Cash flow	2.71	4.06	4.45	4.47	6.11	4.73	4.96	4.61	4.28	5.91
	Capex	(0.49)	(0.48)	(0.65)	(0.70)	(0.74)	(0.53)	(0.64)	(0.63)	(0.60)	(0.45)
	Free cash flow	2.22	3.58	3.81	3.77	5.37	4.20	4.32	3.99	3.68	5.46
	Book value	17.67	17.99	19.63	19.72	20.07	22.75	23.76	26.19	29.05	30.77
	Shares, m	607	593	582	559	540	527	518	505	496	488
Valuation, ×
Valuation, ×	P/E	21.99	28.04	17.58	18.85	31.89	21.85	13.03	17.63	17.05	18.20
	P/S	2.54	2.84	2.29	2.07	2.66	2.53	1.54	1.94	1.93	1.92
	P/B	3.20	3.94	3.23	3.15	4.08	3.90	2.42	2.84	2.65	2.70
	EV/Sales	2.22	2.55	2.06	1.90	2.53	2.41	1.44	1.84	1.86	1.85
	EV/FCF	22.26	17.77	14.98	15.16	14.54	20.15	12.51	17.66	20.13	14.68
Cash, $m
Cash, $m	Operating cash flow	1,645	2,407	2,592	2,499	3,299	2,495	2,568	2,330	2,124	2,883
	Capex	(300)	(284)	(377)	(392)	(398)	(279)	(332)	(317)	(297)	(218)
	Free cash flow	1,345	2,123	2,215	2,107	2,901	2,216	2,236	2,013	1,827	2,665
Balance, $m
Balance, $m	Working capital	6,182	6,272	5,900	4,628	3,311	3,813	3,919	4,173	3,919	4,159
	Total debt	797	698	736	700	663	626	638	606	875	543
	Net debt	(4,372)	(4,358)	(3,775)	(2,724)	(2,061)	(2,093)	(1,863)	(2,029)	(1,368)	(1,371)
	Shareholders’ equity	10,728	10,669	11,424	11,022	10,836	11,991	12,309	13,227	14,408	15,015
Returns, %
Returns, %	ROA	11.37	10.20	13.53	11.49	8.40	12.29	12.83	11.70	11.65	10.97
	ROIC	22.51	24.57	22.89	18.48	15.06	17.84	17.76	15.01	13.86	15.52
	ROE	15.53	14.06	19.02	16.41	12.74	18.72	18.85	16.65	16.21	15.16

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
INFY American Noble Gas Inc.	$49.2B	15.1×	19.1×	+2.85% (above 0%: growing)	0.00%	+8.03% (above 0%: growing)	31.48%	21.09%	Compare
CTSH Cognizant Technology Solutions Corporation	$29.6B	14.2×	9.8×	+4.50% (above 0%: growing)	+3.82% (above 0%: growing)	+38.67% (above 0%: growing)	33.37%	15.95%
FISV Fiserv, Inc.	$25.1B	9.1×	9.5×	−4.06% (below 0%: shrinking)	−37.10% (below 0%: shrinking)	−16.95% (below 0%: shrinking)	19.07%	19.18%	Compare
BR Broadridge Financial Solutions, Inc.	$19.7B	18.0×	16.9×	+7.49% (above 0%: growing)	+8.46% (above 0%: growing)	−3.21% (below 0%: shrinking)	38.43%	24.61%	Compare
CDW CDW Corporation	$19.3B	18.0×	14.9×	+9.97% (above 0%: growing)	+4.85% (above 0%: growing)	−161.92% (below 0%: shrinking)	20.08%	6.52%	Compare
FIS Fidelity National Information Services, Inc.	$18.6B	5.5×	6.1×	+29.09% (above 0%: growing)	n/m	+45.12% (above 0%: growing)	34.76%	15.01%	Compare
WIT Wipro Limited	$18.5B	16.3×	—	+0.15% (above 0%: growing)	−25.00% (below 0%: shrinking)	−30.13% (below 0%: shrinking)	28.54%	16.01%	Compare
LDOS Leidos Holdings, Inc.	$15.6B	11.5×	11.1×	+7.17% (above 0%: growing)	−7.26% (below 0%: shrinking)	+67.40% (above 0%: growing)	17.92%	11.28%	Compare
CACI CACI International, Inc.	$13.5B	25.3×	22.9×	+17.57% (above 0%: growing)	−1.25% (below 0%: shrinking)	+158.94% (above 0%: growing)	33.72%	10.05%	Compare
Median of peers	$19.0B	15.7×	14.9×	+7.33%	−1.25%	+2.41%	30.01%	15.51%

All 73 Information Technology Services stocks →

Cognizant Technology Solutions Corporation (CTSH) key facts

Strength: Cognizant Technology Solutions Corporation’s revenue for fiscal 2025 (year ended December 2025) was $21.1 billion, up 6.95% from fiscal 2024.
Cognizant Technology Solutions Corporation (CTSH) is an Information Technology Services company in the Technology sector, listed on Nasdaq.
Net income was $2.2 billion, or $4.57 per share (basic), a net margin of 10.6%.
As of October 16, 2026, CTSH traded at $66.03, a market capitalization of $29.6 billion.
At that price the stock trades at 14.2× trailing-twelve-month earnings and 1.4× sales; its P/E is higher than 13% of its own readings over the past ten years.
Cognizant Technology Solutions Corporation pays an annual dividend of $1.30 per share, a yield of 1.97%, with a payout ratio of 28.0%.
Return on equity was 15.2% and debt-to-equity 0.11.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 7.11 (safe zone) for fiscal 2025.