Cognizant Technology Solutions Corp Class A
NASDAQ: CTSH · TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES
Updated 2026-06-05
Cognizant Technology Solutions Corp Class A (CTSH) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.33B | $1.84B | $2.37B | $3.34B | $4.58B | $5.51B | $6.52B | $8.21B | $11.72B | $13.07B | $14.26B | $15.22B | $15.91B | $16.20B | $16.92B | $17.85B | $17.85B | $18.48B | $19.97B | $20.69B |
| Cash & equivalents | $265.94M | $339.85M | $735.07M | $1.10B | $1.54B | $1.31B | $1.57B | $2.21B | $2.01B | $2.13B | $2.03B | $1.93B | $1.16B | $2.65B | $2.68B | $1.79B | $2.19B | $2.62B | $2.23B | $1.90B |
| Current assets | $1.04B | $1.24B | $1.47B | $2.31B | $3.52B | $4.09B | $4.81B | $6.15B | $6.75B | $7.91B | $8.60B | $9.11B | $8.68B | $7.61B | $6.85B | $7.34B | $7.27B | $7.51B | $7.50B | $8.55B |
| Total liabilities | $252.48M | $370.10M | $408.98M | $685.06M | $998.64M | $1.56B | $1.67B | $2.07B | $3.98B | $3.79B | $3.53B | $4.55B | $4.49B | $5.18B | $6.09B | $5.86B | $5.54B | $5.26B | $5.56B | $5.68B |
| Current liabilities | $249.50M | $340.68M | $387.58M | $646.61M | $930.73M | $1.21B | $1.38B | $1.77B | $2.59B | $2.71B | $2.42B | $2.84B | $2.78B | $2.98B | $3.54B | $3.53B | $3.35B | $3.33B | $3.58B | $3.66B |
| Long-term debt | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $937.50M | $881.20M | $797.00M | $698.00M | $736.00M | $700.00M | $663.00M | $626.00M | $638.00M | $606.00M | $875.00M | $543.00M |
| Shareholder equity | $1.07B | $1.47B | $1.97B | $2.65B | $3.58B | $3.95B | $4.85B | $6.14B | $7.74B | $9.28B | $10.73B | $10.67B | $11.42B | $11.02B | $10.84B | $11.99B | $12.31B | $13.23B | $14.41B | $15.02B |
| Retained earnings | $650.28M | $999.56M | $1.43B | $1.97B | $2.70B | $3.58B | $4.63B | $5.86B | $7.30B | $8.93B | $10.48B | $10.54B | $11.48B | $11.02B | $10.69B | $11.92B | $12.59B | $13.30B | $14.69B | $15.16B |
| Accounts receivable | $259.21M | $382.96M | $517.48M | $709.24M | $901.31M | $1.32B | $1.53B | $1.88B | $2.29B | $2.62B | $2.90B | $3.22B | $3.19B | $3.26B | $3.09B | $3.56B | $3.80B | $3.85B | $4.06B | $4.44B |
| Inventory | $61.26M | $75.47M | $48.31M | $73.79M | $96.16M | $109.04M | $1.00 | $256.23M | $329.69M | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| Goodwill | $27.19M | $148.79M | $154.03M | $192.37M | $223.96M | $288.77M | $309.19M | $444.24M | $2.41B | $2.40B | $2.55B | $2.70B | $3.48B | $3.98B | $5.03B | $5.62B | $5.71B | $6.08B | $6.95B | $7.11B |
Frequently asked questions
What is Cognizant Technology Solutions Corp Class A's revenue?
Cognizant Technology Solutions Corp Class A's trailing twelve-month revenue is $21.41B, and consensus projects about $31.90B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CTSH?
In its most recent fiscal year, CTSH ran a gross margin of 33.72%, an operating margin of 16.72%, and a net margin of 10.56%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CTSH generate?
CTSH produced $2.60B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CTSH's balance sheet healthy?
CTSH holds $1.90B in cash and equivalents against $543.00M in long-term debt, on $15.02B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.