Cognizant Technology Solutions Corporation (CTSH)

CTSH Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	20,091	19,736	19,353	19,428	18,507	16,652
Revenue Growth (YoY)	4.09%	1.98%	-0.39%	4.98%	11.14%	-0.78%
Cost of Revenue	13,209	12,958	12,664	12,448	11,604	10,671
Gross Profit	6,882	6,778	6,689	6,980	6,903	5,981
Selling, General & Admin	3,249	3,223	3,235	3,443	3,503	3,100
Operating Expenses	3,783	3,752	3,754	4,012	4,077	3,652
Operating Income	3,099	3,026	2,935	2,968	2,826	2,329
Interest Expense	-55	-54	-41	-19	-9	-24
Interest & Investment Income	119	119	126	59	30	119
Earnings From Equity Investments	16	15	7	4	3	-
Currency Exchange Gain (Loss)	-23	-19	2	7	-20	-116
Other Non Operating Income (Expenses)	-3	-	11	1	-	3
EBT Excluding Unusual Items	3,153	3,087	3,040	3,020	2,830	2,311
Merger & Restructuring Charges	-111	-134	-229	-	-	-215
Other Unusual Items	-	-	-17	-	-	-
Pretax Income	3,104	2,953	2,794	3,020	2,830	2,096
Income Tax Expense	747	713	668	730	693	704
Net Income	2,357	2,240	2,126	2,290	2,137	1,392
Net Income to Common	2,357	2,240	2,126	2,290	2,137	1,392
Net Income Growth	12.67%	5.36%	-7.16%	7.16%	53.52%	-24.43%
Shares Outstanding (Basic)	495	496	505	518	527	540
Shares Outstanding (Diluted)	496	497	505	519	528	541
Shares Change (YoY)	-1.20%	-1.58%	-2.70%	-1.70%	-2.40%	-3.39%
EPS (Basic)	4.76	4.52	4.21	4.42	4.06	2.58
EPS (Diluted)	4.75	4.51	4.21	4.41	4.05	2.57
EPS Growth	13.97%	7.13%	-4.54%	8.89%	57.59%	-21.88%
Free Cash Flow	2,134	1,827	2,013	2,236	2,216	2,901
Free Cash Flow Per Share	4.30	3.68	3.99	4.31	4.20	5.36
Dividend Per Share	1.220	1.210	1.160	1.080	0.990	0.880
Dividend Growth	4.27%	4.31%	7.41%	9.09%	12.50%	10.00%
Gross Margin	34.25%	34.34%	34.56%	35.93%	37.30%	35.92%
Operating Margin	15.43%	15.33%	15.17%	15.28%	15.27%	13.99%
Profit Margin	11.73%	11.35%	10.98%	11.79%	11.55%	8.36%
Free Cash Flow Margin	10.62%	9.26%	10.40%	11.51%	11.97%	17.42%
EBITDA	3,595	3,519	3,417	3,500	3,367	2,858
EBITDA Margin	17.89%	17.83%	17.66%	18.02%	18.19%	17.16%
D&A For EBITDA	496	493	482	532	541	529
EBIT	3,099	3,026	2,935	2,968	2,826	2,329
EBIT Margin	15.43%	15.33%	15.17%	15.28%	15.27%	13.99%
Effective Tax Rate	24.07%	24.14%	23.91%	24.17%	24.49%	33.59%

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q