Cognizant income statement
In fiscal 2025, Cognizant reported revenue of $21.11bn, up 7.0% on the year before, operating income of $3.39bn (a 16.1% margin) and net income of $2.23bn, or $4.56 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.3 | 4.6 | 6.1 | 7.3 | 8.8 | 10.3 | 12.4 | 13.5 | 14.8 | 16.1 | 16.8 | 16.7 | 18.5 | 19.4 | 19.4 | 19.7 | 21.1 | 21.9 |
| Selling, general and administrative | 0.7 | 1.0 | 1.3 | 1.6 | 1.7 | 2.0 | 2.5 | 2.7 | 2.7 | 3.0 | 3.0 | 3.1 | 3.5 | 3.4 | 3.3 | 3.2 | 3.2 | 3.2 |
| Operating income | 0.6 | 0.9 | 1.1 | 1.4 | 1.7 | 1.9 | 2.1 | 2.3 | 2.5 | 2.8 | 2.5 | 2.1 | 2.8 | 3.0 | 2.7 | 2.9 | 3.4 | 3.4 |
| Interest expense | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 |
| Income before tax | 0.6 | 0.9 | 1.2 | 1.4 | 1.7 | 1.9 | 2.2 | 2.4 | 2.7 | 2.8 | 2.5 | 2.1 | 2.8 | 3.0 | 2.8 | 2.9 | 3.5 | 3.5 |
| Income tax | 0.1 | 0.1 | 0.3 | 0.3 | 0.5 | 0.5 | 0.5 | 0.8 | 1.2 | 0.7 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 1.3 | 0.9 |
| Net income | 0.5 | 0.7 | 0.9 | 1.1 | 1.2 | 1.4 | 1.6 | 1.6 | 1.5 | 2.1 | 1.8 | 1.4 | 2.1 | 2.3 | 2.1 | 2.2 | 2.2 | 2.6 |
| Diluted EPS | $0.89 | $1.19 | $1.43 | $1.72 | $2.02 | $2.35 | $2.65 | $2.55 | $2.53 | $3.60 | $3.29 | $2.57 | $4.05 | $4.41 | $4.21 | $4.51 | $4.56 | $5.49 |
| Diluted shares (average) | 602m | 618m | 621m | 612m | 610m | 613m | 613m | 610m | 595m | 584m | 560m | 541m | 528m | 519m | 505m | 497m | 489m | 469m |
| EBITDA | 0.7 | 1.0 | 1.3 | 1.5 | 1.9 | 2.1 | 2.5 | 2.7 | 2.9 | 3.3 | 3.0 | 2.7 | 3.4 | 3.5 | 3.2 | 3.4 | 3.9 | 4.0 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,082 | 5,115 | 5,245 | 5,415 | 5,333 | 5,413 | 5,481 | 5,664 |
| Selling, general and administrative | 844 | 791 | 810 | 833 | 806 | 791 | 728 | 841 |
| Operating income | 751 | 853 | 817 | 866 | 853 | 843 | 874 | 872 |
| Interest expense | 19 | 12 | 9 | 8 | 8 | 7 | 13 | 19 |
| Income before tax | 740 | 872 | 842 | 887 | 878 | 867 | 875 | 863 |
| Income tax | 199 | 213 | 197 | 613 | 235 | 208 | 231 | 237 |
| Net income | 546 | 663 | 645 | 274 | 648 | 662 | 636 | 627 |
| Diluted EPS | $1.10 | $1.34 | $1.31 | $0.56 | $1.34 | $1.39 | $1.36 | $1.39 |
| EBITDA | 894 | 989 | 956 | 1,001 | 993 | 984 | 1,017 | 1,021 |
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