Cognizant Technology Solutions Corporation (CTSH) Income Statement
CTSH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCTSH revenue and net income
Where CTSH's revenue goes
2025Each bar shows an amount and its share of revenue. CTSH kept 10.6% of revenue as net income.
CTSH profit margins
CTSH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.0% | +2.8% | +4.9% | +5.4% |
| Gross profit | +5.0% | +0.7% | +3.5% | +3.6% |
| Operating income | +22.0% | +5.9% | +10.8% | +5.1% |
| Net income | −0.4% | −0.9% | +9.9% | +3.2% |
| EPS (diluted) | +11.2% | +6.3% | +9.1% | +5.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CTSH quarterly EPS vs estimates
Cognizant beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.46).
CTSH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.11B | $19.74B | $19.35B | $19.43B | $18.51B | $16.65B | $16.78B | $16.12B | $14.81B | $13.49B |
| Cost of revenue | $13.99B | $12.96B | $12.66B | $12.45B | $11.60B | $10.67B | $10.63B | $9.84B | $9.15B | $8.11B |
| Gross profit | $7.12B | $6.78B | $6.69B | $6.98B | $6.90B | $5.98B | $6.15B | $6.29B | $5.66B | $5.38B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $3.24B | $3.22B | $3.33B | $3.44B | $3.50B | $3.10B | $2.97B | $3.03B | $2.77B | $2.73B |
| Total operating expenses | $3.59B | $3.89B | $4.00B | $4.01B | $4.08B | $3.87B | $3.70B | $3.49B | $3.18B | $3.09B |
| Operating income | $3.53B | $2.89B | $2.69B | $2.97B | $2.83B | $2.11B | $2.45B | $2.80B | $2.48B | $2.29B |
| Interest income | $105.0M | $119.0M | $119.0M | $59.0M | $30.0M | $119.0M | $176.0M | $177.0M | $133.0M | $115.0M |
| Interest expense | $37.0M | $54.0M | $41.0M | $19.0M | $9.0M | $24.0M | $26.0M | $27.0M | $23.0M | $19.0M |
| Income before taxes | $3.71B | $2.95B | $2.79B | $3.02B | $2.83B | $2.10B | $2.48B | $2.80B | $2.66B | $2.36B |
| Income taxes | $1.48B | $713.0M | $668.0M | $730.0M | $693.0M | $704.0M | $643.0M | $698.0M | $1.15B | $805.0M |
| Net income | $2.23B | $2.24B | $2.13B | $2.29B | $2.14B | $1.39B | $1.84B | $2.10B | $1.50B | $1.55B |
| EBITDA | $4.17B | $3.53B | $3.38B | $3.60B | $3.41B | $2.68B | $3.10B | $3.32B | $3.12B | $2.75B |
| EPS (diluted) | $5.28 | $4.75 | $4.55 | $4.40 | $4.12 | $3.42 | $4.00 | $4.57 | $3.78 | $3.40 |
| Gross margin | 33.7% | 34.3% | 34.6% | 35.9% | 37.3% | 35.9% | 36.6% | 39.0% | 38.2% | 39.9% |
| Operating margin | 16.7% | 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% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.48B | $5.41B | $5.33B | $5.42B | $5.25B | $5.12B | $5.08B | $5.04B | $4.85B | $4.76B | $4.76B | $4.90B |
| Cost of revenue | $3.65B | $3.81B | $3.67B | $3.58B | $3.48B | $3.40B | $3.30B | $3.31B | $3.20B | $3.15B | $3.08B | $3.21B |
| Gross profit | $1.83B | $1.60B | $1.66B | $1.83B | $1.77B | $1.72B | $1.78B | $1.73B | $1.65B | $1.61B | $1.68B | $1.69B |
| Sales, general & admin | $728.0M | $791.0M | $806.0M | $833.0M | $810.0M | $791.0M | $844.0M | $833.0M | $781.0M | $765.0M | $786.0M | $801.0M |
| Total operating expenses | $955.0M | $787.0M | $806.0M | $968.0M | $949.0M | $865.0M | $1.03B | $995.0M | $938.0M | $919.0M | $953.0M | $1.00B |
| Operating income | $874.0M | $817.0M | $853.0M | $866.0M | $817.0M | $853.0M | $751.0M | $738.0M | $708.0M | $695.0M | $724.0M | $686.0M |
| Interest income | $18.0M | $22.0M | $27.0M | $25.0M | $23.0M | $30.0M | $28.0M | $31.0M | $30.0M | $30.0M | $34.0M | $32.0M |
| Interest expense | $13.0M | $7.0M | $8.0M | $8.0M | $9.0M | $12.0M | $19.0M | $14.0M | $10.0M | $11.0M | $11.0M | $11.0M |
| Income before taxes | $875.0M | $870.0M | $883.0M | $887.0M | $842.0M | $876.0M | $745.0M | $752.0M | $731.0M | $725.0M | $753.0M | $716.0M |
| Income taxes | $231.0M | $208.0M | $235.0M | $613.0M | $197.0M | $213.0M | $199.0M | $170.0M | $165.0M | $179.0M | $195.0M | $191.0M |
| Net income | $636.0M | $662.0M | $648.0M | $274.0M | $645.0M | $663.0M | $546.0M | $582.0M | $566.0M | $546.0M | $558.0M | $525.0M |
| EBITDA | $1.03B | $1.02B | $1.03B | $1.03B | $990.0M | $1.02B | $902.0M | $895.0M | $871.0M | $866.0M | $896.0M | $870.0M |
| EPS (diluted) | $1.37 | $1.40 | $1.35 | $1.39 | $1.31 | $1.23 | $1.21 | $1.25 | $1.17 | $1.12 | $1.18 | $1.16 |
| Gross margin | 33.4% | 29.6% | 31.1% | 33.9% | 33.7% | 33.6% | 35.1% | 34.4% | 33.9% | 33.9% | 35.2% | 34.5% |
| Operating margin | 15.9% | 15.1% | 16.0% | 16.0% | 15.6% | 16.7% | 14.8% | 14.6% | 14.6% | 14.6% | 15.2% | 14.0% |
| Net margin | 11.6% | 12.2% | 12.2% | 5.1% | 12.3% | 13.0% | 10.7% | 11.5% | 11.7% | 11.5% | 11.7% | 10.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CTSH's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CTSH financial results
In fiscal year 2025 (ended December 31, 2025), Cognizant reported revenue of $21.1 billion, up 7.0% from the year before. It had net income of $2.2 billion (down 0.4%), a net profit margin of 10.6%. Diluted earnings per share came to $5.28. Over five years revenue grew at an average rate of 4.9% a year.
See the CTSH stock overview for the latest quote and news, or the CTSH chart for price history and technical indicators.
CTSH income statement FAQ
What is Cognizant's annual revenue?
Cognizant reported total revenue of $21.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.0% from $19.7 billion the previous year.
Is Cognizant profitable?
Yes. Cognizant reported net income of $2.2 billion in fiscal 2025, a net profit margin of 10.6%; its operating margin was 16.7%.
What is Cognizant's gross margin?
Cognizant's gross margin was 33.7% in fiscal 2025: for every $100 of revenue, Cognizant kept $34 after the direct cost of its products and services.
How fast is Cognizant growing?
Revenue grew 4.9% a year on average over the last five fiscal years, from $16.7 billion to $21.1 billion.
What are Cognizant's earnings per share?
Cognizant earned $5.28 per diluted share in fiscal 2025, compared with $4.75 a year earlier.
When will Cognizant report its next earnings?
Cognizant is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Cognizant's fiscal year end?
Cognizant's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.