Cognizant Technology Solutions Corporation (CTSH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 5.41B | 5.33B | 5.42B | 5.25B | 5.12B | 5.08B | 5.04B | 4.85B | 4.76B | 4.76B | 4.9B | 4.89B | 4.81B | 4.84B | 4.86B | 4.91B | 4.83B | 4.78B | 4.74B | 4.58B |
| Revenue Growth % | 5.83% | 4.94% | 7.36% | 8.14% | 7.46% | 6.81% | 3% | -0.74% | -1.08% | -1.67% | 0.82% | -0.41% | -0.29% | 1.3% | 2.38% | 7% | 9.66% | 14.17% | 11.81% | 14.63% |
| Cost of Goods Sold | 3.81B | 3.67B | 3.58B | 3.48B | 3.4B | 3.3B | 3.31B | 3.2B | 3.15B | 3.08B | 3.21B | 3.23B | 3.14B | 3.15B | 3.08B | 3.12B | 3.1B | 3.03B | 2.95B | 2.86B |
| COGS % of Revenue | 70.37% | 68.89% | 66.13% | 66.33% | 66.41% | 64.88% | 65.64% | 66.06% | 66.09% | 64.75% | 65.53% | 66.13% | 65.32% | 65.14% | 63.41% | 63.58% | 64.17% | 63.43% | 62.12% | 62.44% |
| Gross Profit | 1.6B | 1.66B | 1.83B | 1.77B | 1.72B | 1.78B | 1.73B | 1.65B | 1.61B | 1.68B | 1.69B | 1.66B | 1.67B | 1.69B | 1.78B | 1.79B | 1.73B | 1.75B | 1.8B | 1.72B |
| Gross Margin % | 29.63% | 31.11% | 33.87% | 33.67% | 33.59% | 35.12% | 34.36% | 33.94% | 33.91% | 35.25% | 34.47% | 33.87% | 34.68% | 34.86% | 36.59% | 36.42% | 35.83% | 36.57% | 37.88% | 37.56% |
| Gross Profit Growth % | -6.64% | -7.06% | 5.83% | 7.29% | 6.44% | 6.44% | 2.67% | -0.54% | -3.3% | -0.59% | -5.01% | -7.39% | -3.47% | -3.43% | -1.11% | 3.77% | 5.62% | 14.78% | 12.59% | 24.33% |
| Operating Expenses | 787M | 806M | 968M | 949M | 865M | 1.03B | 995M | 938M | 919M | 953M | 1B | 1.08B | 967M | 1B | 979M | 1.03B | 1B | 1.01B | 1.07B | 1.03B |
| OpEx % of Revenue | 14.54% | 15.11% | 17.88% | 18.09% | 16.91% | 20.35% | 19.73% | 19.34% | 19.31% | 20.03% | 20.46% | 22.06% | 20.1% | 20.69% | 20.16% | 20.93% | 20.82% | 21.25% | 22.51% | 22.38% |
| Selling, General & Admin | 787M | 806M | 833M | 810M | 791M | 844M | 833M | 781M | 765M | 786M | 801M | 830M | 835M | 860M | 838M | 883M | 862M | 871M | 924M | 881M |
| SG&A % of Revenue | 14.54% | 15.11% | 15.38% | 15.44% | 15.46% | 16.61% | 16.51% | 16.1% | 16.07% | 16.52% | 16.36% | 16.99% | 17.35% | 17.77% | 17.25% | 18% | 17.86% | 18.23% | 19.48% | 19.21% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 817M | 853M | 866M | 817M | 853M | 751M | 738M | 708M | 695M | 724M | 686M | 577M | 702M | 686M | 798M | 760M | 724M | 732M | 729M | 696M |
| Operating Margin % | 15.09% | 15.99% | 15.99% | 15.58% | 16.68% | 14.78% | 14.63% | 14.6% | 14.6% | 15.22% | 14.01% | 11.81% | 14.59% | 14.18% | 16.43% | 15.49% | 15% | 15.32% | 15.37% | 15.18% |
| Operating Income Growth % | -4.22% | 13.58% | 17.34% | 15.4% | 22.73% | 3.73% | 7.58% | 22.7% | -1% | 5.54% | -14.04% | -24.08% | -3.04% | -6.28% | 9.46% | 9.2% | 8.22% | 57.42% | 20.9% | 49.04% |
| EBITDA | 958M | 993M | 1B | 956M | 989M | 894M | 871M | 841M | 828M | 860M | 832M | 718M | 834M | 827M | 939M | 904M | 867M | 876M | 873M | 841M |
| EBITDA Margin % | 17.7% | 18.62% | 18.49% | 18.23% | 19.34% | 17.59% | 17.27% | 17.34% | 17.39% | 18.07% | 16.99% | 14.7% | 17.33% | 17.09% | 19.33% | 18.43% | 17.97% | 18.34% | 18.4% | 18.34% |
| EBITDA Growth % | -3.13% | 11.07% | 14.93% | 13.67% | 19.44% | 3.95% | 4.69% | 17.13% | -0.72% | 3.99% | -11.4% | -20.58% | -3.81% | -5.59% | 7.56% | 7.49% | 7.04% | 42.9% | 17.81% | 39.24% |
| D&A (Non-Cash Add-back) | 141M | 140M | 135M | 139M | 136M | 143M | 133M | 133M | 133M | 136M | 146M | 141M | 132M | 141M | 141M | 144M | 143M | 144M | 144M | 145M |
| EBIT | 817M | 886M | 895M | 851M | 884M | 759M | 762M | 738M | 733M | 760M | 724M | 597M | 747M | 722M | 818M | 764M | 731M | 739M | 734M | 696M |
| Net Interest Income | 15M | 19M | 17M | 14M | 18M | 9M | 17M | 20M | 19M | 23M | 21M | 20M | 21M | 19M | 11M | 6M | 4M | 5M | 4M | 5M |
| Interest Income | 22M | 27M | 25M | 23M | 30M | 28M | 31M | 30M | 30M | 34M | 32M | 30M | 30M | 27M | 17M | 9M | 6M | 7M | 7M | 7M |
| Interest Expense | 7M | 8M | 8M | 9M | 12M | 19M | 14M | 10M | 11M | 11M | 11M | 10M | 9M | 8M | 6M | 3M | 2M | 2M | 3M | 2M |
| Other Income/Expense | 53M | 30M | 21M | 25M | 23M | -6M | 14M | 23M | 30M | 29M | 30M | 10M | 36M | 28M | 14M | 1M | 9M | 6M | 2M | 0 |
| Pretax Income | 870M | 883M | 887M | 842M | 876M | 745M | 752M | 731M | 725M | 753M | 716M | 587M | 738M | 714M | 812M | 761M | 733M | 738M | 731M | 696M |
| Pretax Margin % | 16.07% | 16.56% | 16.38% | 16.05% | 17.13% | 14.66% | 14.91% | 15.07% | 15.23% | 15.83% | 14.62% | 12.01% | 15.34% | 14.76% | 16.72% | 15.51% | 15.19% | 15.45% | 15.41% | 15.18% |
| Income Tax | 208M | 235M | 613M | 197M | 213M | 199M | 170M | 165M | 179M | 195M | 191M | 124M | 158M | 193M | 183M | 184M | 170M | 162M | 187M | 184M |
| Effective Tax Rate % | 23.91% | 26.61% | 69.11% | 23.4% | 24.32% | 26.71% | 22.61% | 22.57% | 24.69% | 25.9% | 26.68% | 21.12% | 21.41% | 27.03% | 22.54% | 24.18% | 23.19% | 21.95% | 25.58% | 26.44% |
| Net Income | 662M | 648M | 274M | 645M | 663M | 546M | 582M | 566M | 546M | 558M | 525M | 463M | 580M | 521M | 629M | 577M | 563M | 576M | 544M | 512M |
| Net Margin % | 12.23% | 12.15% | 5.06% | 12.3% | 12.96% | 10.74% | 11.54% | 11.67% | 11.47% | 11.73% | 10.72% | 9.48% | 12.05% | 10.77% | 12.95% | 11.76% | 11.67% | 12.06% | 11.47% | 11.17% |
| Net Income Growth % | -0.15% | 18.68% | -52.92% | 13.96% | 21.43% | -2.15% | 10.86% | 22.25% | -5.86% | 7.1% | -16.53% | -19.76% | 3.02% | -9.55% | 15.63% | 12.7% | 11.49% | 82.28% | 56.32% | 41.83% |
| Net Income (Continuing) | 662M | 648M | 274M | 645M | 663M | 546M | 582M | 566M | 546M | 558M | 525M | 463M | 580M | 521M | 629M | 577M | 563M | 576M | 544M | 512M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.39 | 1.34 | 0.56 | 1.31 | 1.34 | 1.10 | 1.17 | 1.14 | 1.10 | 1.11 | 1.04 | 0.91 | 1.14 | 1.02 | 1.22 | 1.11 | 1.07 | 1.10 | 1.03 | 0.97 |
| EPS Growth % | 3.73% | 21.82% | -52.14% | 14.91% | 21.82% | -0.9% | 12.5% | 25.27% | -3.51% | 8.82% | -14.75% | -18.02% | 6.54% | -7.27% | 18.45% | 14.43% | 12.63% | 86.44% | 60.94% | 44.78% |
| EPS (Basic) | 1.39 | 1.35 | 0.56 | 1.31 | 1.34 | 1.10 | 1.17 | 1.14 | 1.10 | 1.12 | 1.04 | 0.92 | 1.14 | 1.02 | 1.22 | 1.11 | 1.07 | 1.10 | 1.04 | 0.97 |
| Diluted Shares Outstanding | 477M | 482M | 487M | 492M | 495M | 497M | 496M | 498M | 498M | 501M | 505M | 507M | 509M | 513M | 517M | 521M | 525M | 526M | 526M | 528M |
| Basic Shares Outstanding | 477M | 481M | 486M | 492M | 494M | 496M | 496M | 497M | 497M | 500M | 504M | 506M | 509M | 512M | 516M | 520M | 524M | 525M | 525M | 527M |
| Dividend Payout Ratio | 24.02% | 23.3% | 55.11% | 23.72% | 23.38% | 27.47% | 25.6% | 26.5% | 27.66% | 26.16% | 28% | 31.97% | 25.86% | 26.68% | 22.42% | 24.44% | 25.4% | 22.05% | 23.35% | 24.8% |