Cognizant

Information Technology IT Consulting & Other Services Teaneck, New Jersey Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$21.1B
                    3y CAGR +2.8%
                    
                    P37
                    
                    +7.0%
                    
                    Net income
                    FY2025
                
$2.2B
                    Net margin +10.6%
                    
                    P24
                    
                    -0.4%
                    
                    Total assets
                    FY2025
                
$20.7B
                    ROA +10.8%
                    
                    P56
                    
                    +3.6%
                    
                    Operating cash flow
                    FY2025
                
$2.9B
                    FCF margin +12.3%
                    
                    P22
                    
                    +35.7%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

34 accounts · 10 years

Total assets $20.7B

Total liabilities $5.7B

Shareholders equity $15.0B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	$1.9B -14.8%	$2.2B -14.9%	$2.6B 19.6%	$2.2B 22.3%	$1.8B -33.1%	$2.7B 1.3%	$2.6B 127.8%	$1.2B -39.7%	$1.9B -5.4%	$2.0B
Short Term Investments	$13.0M 8.3%	$12.0M -14.3%	$14.0M -95.5%	$310.0M -66.6%	$927.0M 2006.8%	$44.0M -94.4%	$779.0M -76.7%	$3.4B 7.0%	$3.1B -0.1%	$3.1B
Accounts Receivable	$4.4B 9.4%	$4.1B 5.5%	$3.8B 1.4%	$3.8B 6.7%	$3.6B 15.2%	$3.1B -5.2%	$3.3B 0.0%	$3.3B 13.7%	$2.9B 12.1%	$2.6B
Prepaid Expenses	$1.5B 21.9%	$1.2B 17.6%	$1.0B 5.5%	$969.0M -9.1%	$1.1B 2.5%	$1.0B 11.7%	$931.0M 2.4%	$909.0M 9.1%	$833.0M 58.4%	$526.0M
Other Current Assets	$1.5B 21.9%	$1.2B 17.6%	$1.0B 5.5%	$969.0M -9.1%	$1.1B 2.5%	$1.0B 11.7%	$931.0M 2.4%	$909.0M 9.1%	$833.0M 58.4%	$526.0M
Total Current Assets	$7.8B 4.2%	$7.5B 0.0%	$7.5B 3.3%	$7.3B -1.0%	$7.3B 7.2%	$6.9B -10.0%	$7.6B -12.3%	$8.7B -4.8%	$9.1B 5.9%	$8.6B
Property,Plant and Equipment	$933.0M -6.1%	$994.0M -5.2%	$1.0B -4.8%	$1.1B -6.0%	$1.2B -6.4%	$1.3B -4.4%	$1.3B -6.1%	$1.4B 5.3%	$1.3B 1.0%	$1.3B
Operating Lease Assets	$573.0M 3.8%	$552.0M -9.7%	$611.0M -30.3%	$876.0M -6.1%	$933.0M -7.9%	$1.0B 9.4%	$926.0M	—	—	—
Goodwill	$7.1B 2.2%	$7.0B 14.3%	$6.1B 6.6%	$5.7B 1.6%	$5.6B 11.7%	$5.0B 26.4%	$4.0B 14.3%	$3.5B 28.7%	$2.7B 5.9%	$2.6B
Intangible Assets	$1.4B -11.4%	$1.6B 39.2%	$1.1B -1.6%	$1.2B -4.1%	$1.2B 16.4%	$1.0B 0.5%	$1.0B -9.5%	$1.1B 17.2%	$981.0M 3.2%	$951.0M
Long Term Investments	$111.0M 23.3%	$90.0M 1400.0%	$6.0M 200.0%	$2.0M -33.3%	$3.0M -99.3%	$440.0M 2488.2%	$17.0M -78.8%	$80.0M -66.0%	$235.0M	—
Deferred Tax Assets	$967.0M -22.5%	$1.2B 25.7%	$993.0M 54.7%	$642.0M 58.9%	$404.0M -9.2%	$445.0M -49.0%	$872.0M 44.6%	$603.0M 2.2%	$590.0M -15.5%	$698.0M
Other Noncurrent Assets	$1.8B 72.2%	$1.0B 56.4%	$656.0M -0.9%	$662.0M -5.6%	$701.0M -17.1%	$846.0M 14.9%	$736.0M 6.8%	$689.0M 53.8%	$448.0M 24.8%	$359.0M
Total Assets	$20.7B 3.6%	$20.0B 8.0%	$18.5B 3.5%	$17.9B 0.0%	$17.9B 5.5%	$16.9B 4.4%	$16.2B 1.8%	$15.9B 4.5%	$15.2B 6.7%	$14.3B
Liabilities
Accounts Payable	$308.0M -9.4%	$340.0M 0.9%	$337.0M -6.4%	$360.0M -0.3%	$361.0M -7.2%	$389.0M 62.8%	$239.0M 11.2%	$215.0M 2.4%	$210.0M 20.0%	$175.0M
Accrued Liabilities	$1.5B -0.6%	$1.5B -0.8%	$1.5B 4.5%	$1.4B -9.7%	$1.6B -0.4%	$1.6B 29.7%	$1.2B 1.9%	$1.2B -4.4%	$1.3B 12.2%	$1.1B
Deferred Revenue	$501.0M 11.3%	$450.0M 16.9%	$385.0M -3.3%	$398.0M -1.2%	$403.0M 5.2%	$383.0M 22.4%	$313.0M 9.4%	$286.0M -25.3%	$383.0M 25.2%	$306.0M
Current Portion of Long Term Debt	$33.0M 0.0%	$33.0M 0.0%	$33.0M 312.5%	$8.0M -78.9%	$38.0M 0.0%	$38.0M -94.6%	$700.0M 7677.8%	$9.0M -94.9%	$175.0M 116.0%	$81.0M
Operating Lease Liabilities	$153.0M 0.7%	$152.0M -0.7%	$153.0M -12.1%	$174.0M -10.8%	$195.0M -7.6%	$211.0M 4.5%	$202.0M	—	—	—
Other Current Liabilities	$404.0M -31.9%	$593.0M 18.6%	$500.0M 40.1%	$357.0M -9.6%	$395.0M -14.3%	$461.0M 21.3%	$380.0M 3.0%	$369.0M 13.5%	$325.0M 3.2%	$315.0M
Total Current Liabilities	$3.7B 2.1%	$3.6B 7.6%	$3.3B -0.4%	$3.3B -5.2%	$3.5B -0.3%	$3.5B 18.7%	$3.0B 7.4%	$2.8B -2.2%	$2.8B 17.4%	$2.4B
Long Term Debt	$543.0M -37.9%	$875.0M 44.4%	$606.0M -5.0%	$638.0M 1.9%	$626.0M -5.6%	$663.0M -5.3%	$700.0M -4.9%	$736.0M 5.4%	$698.0M -12.4%	$797.0M
Deferred Revenue Noncurrent	$37.0M 23.3%	$30.0M -28.6%	$42.0M 121.1%	$19.0M -52.5%	$40.0M 11.1%	$36.0M 56.5%	$23.0M -62.9%	$62.0M -40.4%	$104.0M -31.1%	$151.0M
Operating Lease Liabilities Noncurrent	$423.0M 0.7%	$420.0M -19.7%	$523.0M -26.8%	$714.0M -8.8%	$783.0M -7.4%	$846.0M 13.6%	$745.0M	—	—	—
Deferred Tax Liabilities	$168.0M -48.0%	$323.0M 48.2%	$218.0M -13.8%	$253.0M -19.4%	$314.0M -3.1%	$324.0M 0.6%	$322.0M -6.4%	$344.0M 8.2%	$318.0M 14.0%	$279.0M
Other Noncurrent Liabilities	$847.0M 71.5%	$494.0M 33.9%	$369.0M 1.9%	$362.0M 26.1%	$287.0M -22.0%	$368.0M 68.8%	$218.0M -13.8%	$253.0M 39.8%	$181.0M 11.7%	$162.0M
Total Liabilities	$5.7B 2.1%	$5.6B 5.7%	$5.3B -5.2%	$5.5B -5.4%	$5.9B -3.7%	$6.1B 17.5%	$5.2B 15.4%	$4.5B -1.4%	$4.6B 28.8%	$3.5B
Equity
Preferred Stock	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Common Stock	$5.0M 0.0%	$5.0M 0.0%	$5.0M 0.0%	$5.0M 0.0%	$5.0M 0.0%	$5.0M 0.0%	$5.0M -16.7%	$6.0M 0.0%	$6.0M 0.0%	$6.0M
Additional Paid In Capital	$12.0M -7.7%	$13.0M -13.3%	$15.0M 0.0%	$15.0M -44.4%	$27.0M -15.6%	$32.0M -3.0%	$33.0M -29.8%	$47.0M -4.1%	$49.0M -86.3%	$358.0M
Retained Earnings	$15.2B 3.2%	$14.7B 10.4%	$13.3B 5.7%	$12.6B 5.6%	$11.9B 11.5%	$10.7B -3.0%	$11.0B -4.0%	$11.5B 8.9%	$10.5B 0.6%	$10.5B
Accumulated Other Comprehensive Income	$-160.0M 45.9%	$-296.0M -214.9%	$-94.0M 68.6%	$-299.0M -908.1%	$37.0M -66.4%	$110.0M 389.5%	$-38.0M 66.7%	$-114.0M -262.9%	$70.0M 161.4%	$-114.0M
Total Stockholders Equity	$15.0B 4.2%	$14.4B 8.9%	$13.2B 7.5%	$12.3B 2.7%	$12.0B 10.7%	$10.8B -1.7%	$11.0B -3.5%	$11.4B 7.1%	$10.7B -0.5%	$10.7B
Total Liabilitiesand Equity	$20.7B 3.6%	$20.0B 8.0%	$18.5B 3.5%	$17.9B 0.0%	$17.9B 5.5%	$16.9B 4.4%	$16.2B 1.8%	$15.9B 4.5%	$15.2B 6.7%	$14.3B

Income Statement

Revenue, expense, and profitability

16 accounts · 10 years

Revenue $21.1B

Operating income $3.4B

Net income $2.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	$21.1B 7.0%	$19.7B 2.0%	$19.4B -0.4%	$19.4B 5.0%	$18.5B 11.1%	$16.7B -0.8%	$16.8B 4.1%	$16.1B 8.9%	$14.8B 9.8%	$13.5B
Expenses Selling,General and Administrative	$3.2B 0.5%	$3.2B -0.9%	$3.3B -5.5%	$3.4B -1.7%	$3.5B 13.0%	$3.1B 4.3%	$3.0B -1.2%	$3.0B 11.5%	$2.7B -1.2%	$2.7B
Expenses Depreciation and Amortization	$550.0M 4.0%	$529.0M 1.9%	$519.0M -8.8%	$569.0M -0.9%	$574.0M 4.0%	$552.0M 8.9%	$507.0M 10.2%	$460.0M 12.7%	$408.0M 7.7%	$379.0M
Expenses Share Based Compensation	$181.0M 3.4%	$175.0M -0.6%	$176.0M -32.6%	$261.0M 6.1%	$246.0M 6.0%	$232.0M 6.9%	$217.0M -18.7%	$267.0M 20.8%	$221.0M 1.8%	$217.0M
Expenses Restructuring and Asset Impairment	$0 -100.0%	$134.0M -41.5%	$229.0M	$0	$0 -100.0%	$215.0M -0.9%	$217.0M 1042.1%	$19.0M -73.6%	$72.0M	—
Other Income Expense Operating Income	$3.4B 17.2%	$2.9B 7.5%	$2.7B -9.4%	$3.0B 5.0%	$2.8B 33.7%	$2.1B -13.8%	$2.5B -12.4%	$2.8B 12.9%	$2.5B 8.4%	$2.3B
Other Income Expense Interest Income	$105.0M -11.8%	$119.0M -5.6%	$126.0M 113.6%	$59.0M 96.7%	$30.0M -74.8%	$119.0M -32.4%	$176.0M -0.6%	$177.0M 33.1%	$133.0M 15.7%	$115.0M
Other Income Expense Other Income/expense	$4.0M	$0 -100.0%	$11.0M 1000.0%	$1.0M	$0 -100.0%	$3.0M -40.0%	$5.0M 350.0%	$-2.0M 33.3%	$-3.0M -250.0%	$2.0M
Other Income Expense Income Before Tax	$3.5B 18.4%	$2.9B 5.4%	$2.8B -7.6%	$3.0B 6.7%	$2.8B 34.9%	$2.1B -17.6%	$2.5B -9.1%	$2.8B 5.3%	$2.7B 12.6%	$2.4B
Income Tax Income Tax Expense	$1.3B 76.4%	$713.0M 6.7%	$668.0M -8.5%	$730.0M 5.3%	$693.0M -1.6%	$704.0M 9.5%	$643.0M -7.9%	$698.0M -39.5%	$1.2B 43.2%	$805.0M
net Income net Income	$2.2B -0.4%	$2.2B 5.4%	$2.1B -7.2%	$2.3B 7.2%	$2.1B 53.5%	$1.4B -24.4%	$1.8B -12.3%	$2.1B 39.7%	$1.5B -3.2%	$1.6B
net Income Comprehensive Income	$2.4B 16.1%	$2.0B -12.6%	$2.3B 19.3%	$2.0B -5.3%	$2.1B 34.0%	$1.5B -19.7%	$1.9B 0.0%	$1.9B 13.6%	$1.7B 9.3%	$1.5B
Earnings Per Share Basic Eps	$5 1.1%	$5 7.4%	$4 -4.8%	$4 8.9%	$4 57.4%	$3 -21.8%	$3 -8.6%	$4 42.1%	$3 -0.8%	$3
Earnings Per Share Diluted Eps	$5 1.1%	$5 7.1%	$4 -4.5%	$4 8.9%	$4 57.6%	$3 -21.9%	$3 -8.6%	$4 42.3%	$3 -0.8%	$3
Earnings Per Share Weighted Average Shares Basic	$488.0M -1.6%	$496.0M -1.8%	$505.0M -2.5%	$518.0M -1.7%	$527.0M -2.4%	$540.0M -3.4%	$559.0M -4.0%	$582.0M -1.9%	$593.0M -2.3%	$607.0M
Earnings Per Share Weighted Average Shares Diluted	$489.0M -1.6%	$497.0M -1.6%	$505.0M -2.7%	$519.0M -1.7%	$528.0M -2.4%	$541.0M -3.4%	$560.0M -4.1%	$584.0M -1.8%	$595.0M -2.5%	$610.0M

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 10 years

Operating cash flow $2.9B

Investing cash flow $-230.0M

Financing cash flow $-2.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	$2.2B -0.4%	$2.2B 5.4%	$2.1B -7.2%	$2.3B 7.2%	$2.1B 53.5%	$1.4B -24.4%	$1.8B -12.3%	$2.1B 39.7%	$1.5B -3.2%	$1.6B
Operating Activities Depreciation and Amortization	$550.0M 4.0%	$529.0M 1.9%	$519.0M -8.8%	$569.0M -0.9%	$574.0M 4.0%	$552.0M 8.9%	$507.0M 10.2%	$460.0M 12.7%	$408.0M 7.7%	$379.0M
Operating Activities Stock Based Compensation	$181.0M 3.4%	$175.0M -0.6%	$176.0M -32.6%	$261.0M 6.1%	$246.0M 6.0%	$232.0M 6.9%	$217.0M -18.7%	$267.0M 20.8%	$221.0M 1.8%	$217.0M
Operating Activities Deferred Income Taxes	$327.0M 192.1%	$-355.0M -4.7%	$-339.0M -24.2%	$-273.0M -1111.1%	$27.0M -85.3%	$184.0M 160.1%	$-306.0M -3925.0%	$8.0M -93.5%	$124.0M 236.3%	$-91.0M
Operating Activities Changes In Operating Assets and Liabilities	$419.0M 498.6%	$70.0M 337.5%	$16.0M -92.0%	$201.0M -48.6%	$391.0M 534.4%	$-90.0M -433.3%	$27.0M -90.2%	$275.0M -2.8%	$283.0M -5.0%	$298.0M
Operating Activities Other Non Cash Items	$93.0M 196.9%	$-96.0M 60.3%	$-242.0M 38.3%	$-392.0M 5.1%	$-413.0M -236.8%	$302.0M 289.9%	$-159.0M -383.9%	$56.0M -91.7%	$671.0M 1142.6%	$54.0M
Operating Activities net Cash From Operating Activities	$2.9B 35.7%	$2.1B -8.8%	$2.3B -9.3%	$2.6B 2.9%	$2.5B -24.4%	$3.3B 32.0%	$2.5B -3.6%	$2.6B 7.7%	$2.4B 46.3%	$1.6B
Investing Activities Capital Expenditures	$288.0M -3.0%	$297.0M -6.3%	$317.0M -4.5%	$332.0M 19.0%	$279.0M -29.9%	$398.0M 1.5%	$392.0M 4.0%	$377.0M 32.7%	$284.0M -5.3%	$300.0M
Investing Activities Business Acquisitions	$0 -100.0%	$1.6B 294.9%	$409.0M 11.4%	$367.0M -62.2%	$970.0M -13.6%	$1.1B 82.0%	$617.0M -44.5%	$1.1B 414.4%	$216.0M	—
Investing Activities Purchases of Investments	$0	$0 -100.0%	$59.0M -95.2%	$1.2B 185.3%	$430.0M	$0 -100.0%	$333.0M -79.6%	$1.6B -47.8%	$3.1B -26.3%	$4.2B
Investing Activities Proceeds From Sale of Investments	$0	$0 -100.0%	$285.0M -78.3%	$1.3B 995.8%	$120.0M	$0 -100.0%	$1.7B 33.2%	$1.3B -56.0%	$2.9B -17.5%	$3.5B
Investing Activities net Cash From Investing Activities	$-230.0M 86.0%	$-1.6B -397.3%	$-331.0M -212.3%	$-106.0M 95.1%	$-2.2B -74.8%	$-1.2B -178.0%	$1.6B 197.6%	$-1.6B -179.6%	$-582.0M 39.6%	$-963.0M
Financing Activities Repurchase of Common Stock	$1.4B 127.8%	$605.0M -43.1%	$1.1B -25.2%	$1.4B 84.4%	$771.0M -52.4%	$1.6B -27.9%	$2.2B 78.2%	$1.3B -33.2%	$1.9B 268.9%	$512.0M
Financing Activities Dividends Paid	$610.0M 1.7%	$600.0M 1.7%	$590.0M 4.4%	$565.0M 10.8%	$510.0M 6.3%	$480.0M 6.4%	$451.0M -4.2%	$471.0M 75.7%	$268.0M	$0
Financing Activities Proceeds From Stock Issuance	$58.0M -7.9%	$63.0M -11.3%	$71.0M -17.4%	$86.0M -33.8%	$130.0M -8.5%	$142.0M -10.7%	$159.0M -12.2%	$181.0M -4.2%	$189.0M 7.4%	$176.0M
Financing Activities net Cash From Financing Activities	$-2.3B -148.3%	$-915.0M 43.1%	$-1.6B 17.0%	$-1.9B -61.2%	$-1.2B 40.1%	$-2.0B 21.8%	$-2.6B -51.7%	$-1.7B 14.7%	$-2.0B -167.2%	$-743.0M
Cash Reconciliation Effect of Exchange Rate On Cash	$22.0M 144.9%	$-49.0M -248.5%	$33.0M 257.1%	$-21.0M -31.3%	$-16.0M 5.9%	$-17.0M 50.0%	$-34.0M 5.6%	$-36.0M -170.6%	$51.0M 270.0%	$-30.0M
Cash Reconciliation net Change In Cash	$403.0M 182.9%	$-486.0M -214.9%	$423.0M -15.7%	$502.0M 156.5%	$-888.0M -2637.1%	$35.0M -97.6%	$1.5B 294.2%	$-764.0M -600.9%	$-109.0M -19.8%	$-91.0M
Cash Reconciliation Cash At Beginning of Period	$2.6B 18.1%	$2.2B -17.9%	$2.7B 18.4%	$2.3B 28.0%	$1.8B -33.1%	$2.7B 1.3%	$2.6B 127.8%	$1.2B -39.7%	$1.9B -5.4%	$2.0B
Cash Reconciliation Cash At End of Period	$2.6B 18.1%	$2.2B -17.9%	$2.7B 18.4%	$2.3B 28.0%	$1.8B -33.1%	$2.7B 1.3%	$2.6B 127.8%	$1.2B -39.7%	$1.9B -5.4%	$2.0B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	+16.1%	+14.7%	+13.9%	+15.3%	+15.3%	+12.7%	+14.6%	+17.4%	+16.8%	+17.0%
Net margin	+10.6%	+11.3%	+11.0%	+11.8%	+11.5%	+8.4%	+11.0%	+13.0%	+10.2%	+11.5%
FCF margin	+12.3%	+9.3%	+10.4%	+11.5%	+12.0%	+17.4%	+12.6%	+13.7%	+14.3%	+10.0%
Growth
Revenue CAGR (3y)	+2.8%	+2.2%	+5.1%	+5.0%	+4.7%	+4.0%	+7.6%	+9.1%	+13.0%	+15.1%
Returns
ROE	+14.9%	+15.5%	+16.1%	+18.6%	+17.8%	+12.8%	+16.7%	+18.4%	+14.1%	+14.5%
ROA	+10.8%	+11.2%	+11.5%	+12.8%	+12.0%	+8.2%	+11.4%	+13.2%	+9.9%	+10.9%
ROIC	+15.8%	+16.7%	+18.2%	+20.9%	+19.6%	+15.9%	+18.7%	+19.1%	+14.6%	+15.7%
Liquidity
Current ratio	2.14x	2.09x	2.25x	2.17x	2.08x	1.94x	2.55x	3.12x	3.21x	3.56x
Quick ratio	1.73x	1.75x	1.94x	1.79x	1.52x	1.63x	1.98x	1.59x	1.69x	1.90x
Leverage
D/E	0.38x	0.39x	0.40x	0.45x	0.49x	0.56x	0.47x	0.39x	0.43x	0.33x
Interest coverage	—	—	65.59x	156.21x	314.00x	88.08x	94.35x	103.74x	107.87x	120.47x
Efficiency
Asset turnover	1.02x	0.99x	1.05x	1.09x	1.04x	0.98x	1.04x	1.01x	0.97x	0.95x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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