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Stocks / United States / CTSH · Services-Computer Programming Services · Nasdaq

Cognizant Technology Solutions Corp. (CTSH)

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Cognizant Technology Solutions Corp. (CTSH) reported revenue of $5.4 billion for Q1 FY2026, the quarter ended 31 March 2026, up 5.8% on the same quarter a year earlier. Net income was $662 million, down 0.2% on the year, and diluted earnings per share $1.39. The figures are the company's own, from the 10-Q it filed with the SEC on 29 April 2026.

Revenue$5.4 billionup 5.8%
Net income$662 milliondown 0.2%
Diluted EPS$1.39
QuarterQ1 FY2026ended 31 March 2026

Ratios

From the filings

ROE14.8%
ROCE21.7%
Operating margin15.8%
Net margin10.4%
FCF margin11.5%
Interest cover105.59
Debt to equity0.04
Cash conversion1.24
Share count, 1 year-3.9%
Sales CAGR, 3 years2.8%
Profit CAGR, 3 years-0.9%
EPS, TTM$4.61

At the close of 21 September 2026

Price$59.38
Market cap$28.1 billion
Stock P/E12.88
Price to book1.87
EV / EBITDA6.91
Dividend yield2.1%
Market cap / sales1.31
52-week high$86.70
52-week low$38.73
Price, 1 year-11.3%
Price CAGR, 3 years-5.2%
Price CAGR, 5 years-4.7%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Cognizant Technology Solutions Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CTSH

Filings16 in twelve months: 9 current reports (8-K), about 6 regulation fd disclosure; 4 results of operations; 1 shareholder vote; 1 new financial obligation; 1 officer or director change
Planned insider sales16 Form 144 notices in twelve months, $6.6 million; latest 14 September 2026
Options tapeput/call 0.65 by open interest on 23 September 2026; the straddle prices a 9.5% move to 16 October 2026
Holders9 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading7 sales and 1 purchase on Form 4 in twelve months
Congress3 House trades disclosed in six months
Short interest35.6 million shares short, 6.13 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026
Revenue4,8864,8974,7584,7604,8505,0445,0825,1155,2455,4155,3335,413
SG&A830801786765781833844791810833806791
Operating income577686724695708738751853817866853843
Operating margin12%14%15%15%15%15%15%17%16%16%16%16%
Interest expense10.011.011.011.010.014.019.012.09.08.08.07.0
Pre-tax income587713749722728748740872842887878867
Tax rate21%27%26%25%23%23%27%24%23%69%27%24%
Net income463525558546566582546663645274648662
Net margin9%11%12%11%12%12%11%13%12%5%12%12%
Diluted EPS$0.91$1.04$1.12$1.10$1.14$1.17$1.10$1.34$1.31$0.56$1.35$1.39
Operating cash flow36.082873795.02628479204003981,227858274
Capital expenditure68.073.078.079.079.056.083.077.067.067.077.076.0
Free cash flow-32.075565916.01837918373233311,160781198
Buybacks21431531313376.0242154209368463338444
Dividends paid148147146151150149150155153151151159
Shares outstanding505m501m498m497m497m496m495m493m489m483m479m474m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue10,26312,41613,48714,81016,12516,78316,65218,50719,42819,35319,73621,10821,406
Selling, general and administrative2,0372,5092,7312,6973,0072,9723,1003,5033,4433,2523,2233,2403,240
Operating income1,8852,1422,2892,4812,8012,4532,1142,8262,9682,6892,8923,3893,379
Operating margin18.4%17.3%17.0%16.8%17.4%14.6%12.7%15.3%15.3%13.9%14.7%16.1%15.8%
Interest expense3.018.019.023.027.026.024.09.019.041.054.037.032.0
Pre-tax income1,9242,1642,3572,6552,7972,5432,0962,8273,0162,7872,9383,4793,474
Income tax4855408051,1536986437046937306687131,2581,253
Effective tax rate25.2%25.0%34.2%43.4%25.0%25.3%33.6%24.5%24.2%24.0%24.3%36.2%36.1%
Net income1,4391,6241,5531,5042,1011,8421,3922,1372,2902,1262,2402,2302,229
Net margin14.0%13.1%11.5%10.2%13.0%11.0%8.4%11.5%11.8%11.0%11.3%10.6%10.4%
Diluted EPS$2.35$2.65$2.55$2.53$3.60$3.29$2.57$4.05$4.41$4.21$4.51$4.56$4.61
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow1,4732,1871,6452,4072,5922,4993,2992,4952,5682,3302,1242,8832,757
Capital expenditure212273300284377392398279332317297288287
Free cash flow1,2611,9141,3452,1232,2152,1072,9012,2162,2362,0131,8272,5952,470
Free cash flow margin12.3%15.4%10.0%14.3%13.7%12.6%17.4%12.0%11.5%10.4%9.3%12.3%11.5%
Depreciation and amortisation208330379443498526559574569555542550555
Share-based compensation135192217221267217232246261176175181185
Buybacks2484605121,8891,2612,2471,6217711,4221,0646051,3781,613
Dividends paidn/a0.00.0265468453480509564591600610614
Dividend per sharen/a$0.00$0.00$0.45n/a$0.80$0.88$0.96$1.08$1.16$1.20$1.24n/a
Diluted shares, weighted612m613m610m595m584m560m541m528m519m505m497m489m477m
Shares outstanding at period end609m609m608m588m577m548m530m525m509m498m495m479m474m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets11,47913,06514,26215,22115,84616,20416,92317,85217,85218,48319,96620,69220,500
Cash and equivalents2,0102,1252,0341,9251,1612,6452,6801,7922,1912,6212,2311,9011,504
Receivables1,9692,2532,5562,8653,1903,2563,0873,5573,7963,8494,0594,4394,609
Goodwill2,4142,4052,5542,7043,4813,9795,0315,6205,7106,0856,9537,1067,681
Long-term debt988938881800750700663626638606875543535
Operating lease liabilitiesn/an/an/an/an/a745846783714523420423384
Finance lease liabilitiesn/an/an/an/an/a15.011.05.08.016.015.012.0n/a
Shareholders' equity7,7409,27810,72810,66911,42411,02210,83611,99112,30913,22714,40815,01515,068
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.4%4.9%2.8%6.5%
Profit growth, compounded3.2%9.9%-0.9%-5.4%
Return on equity, average15.9%16.6%15.5%14.9%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Services-Computer Programming Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Cognizant Technology Solutions Corp. CTSH$28.1 billion12.8814.8%15.8%6.5%0.042.1%
Verisign Inc/Ca VRSN$27.9 billion33.55n/a67.9%6.9%n/a1.0%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202412 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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