Cognizant (CTSH): financials, SEC filings and peers
Cognizant (CTSH) is an it consulting & other services company in the Information Technology sector of the S&P 500, headquartered in Teaneck, New Jersey.
It was founded in 1994 and joined the S&P 500 on November 17, 2006.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Services-Computer Programming Services”.
Cognizant at a glance
- Revenue (12 months)
- $21.4B
- Revenue growth
- +6.5%
- Operating margin
- 15.8%
- Net income (12 months)
- $2.2B
- Free cash flow (12 months)
- $2.5B
- Cash
- $1.5B
- Debt
- $568M
- Diluted EPS (12 months)
- $4.60
Twelve months to March 31, 2026, from the 10-Q filed April 29, 2026.
Latest twelve months
Over the twelve months to March 31, 2026, Cognizant reported revenue of $21.4 billion, about the same as a year earlier (+6.5%).
Its operating margin was 15.8%: for every $100 of sales, about $16 was left as operating profit.
Net income was $2.2 billion (10.4% of revenue), 5.4% lower than a year earlier.
Profit fell while sales grew, which usually points to higher costs, heavier investment or one-time items. The filings explain which.
Operating cash flow was $2.8 billion and capital spending $287 million, leaving free cash flow of $2.5 billion (11.5% of revenue).
At the end of the period it held $1.5 billion in cash and $568 million in debt, a net cash position of $936 million.
The diluted share count fell 3.6% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $16.7 billion in fiscal 2020 to $21.1 billion in fiscal 2025, about 4.9% a year.
- Operating margin widened from 12.7% to 16.1% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $18.5B | $19.4B | $19.4B | $19.7B | $21.1B |
| Revenue growth | 11.1% | 5.0% | -0.4% | 2.0% | 7.0% |
| Operating margin | 15.3% | 15.3% | 13.9% | 14.7% | 16.1% |
| Net income | $2.1B | $2.3B | $2.1B | $2.2B | $2.2B |
| Free cash flow | $2.2B | $2.2B | $2.0B | $1.8B | $2.6B |
| Diluted EPS | $4.05 | $4.41 | $4.21 | $4.51 | $4.56 |
Fiscal years as reported in Cognizant’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
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Questions about Cognizant
Is Cognizant's revenue growing?
Yes. Revenue for the twelve months to March 31, 2026 was $21.4 billion, up 6.5% from a year earlier, according to its SEC filings.
Is Cognizant profitable?
Yes. It earned $2.2 billion in net income over the twelve months to March 31, 2026, a net margin of 10.4%.
Does Cognizant have more cash or more debt?
At March 31, 2026 it had $1.5 billion in cash and $568 million in debt, so more cash than debt.
When did Cognizant last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 29, 2026.
Which companies are similar to Cognizant?
In the S&P 500, Cognizant is grouped in IT Consulting & Other Services within the Information Technology sector. Accenture (ACN), IBM (IBM), Gartner (IT) are in the same group.
Understand the numbers
Source: Cognizant’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.