Cognizant Technology Solutions Corp.
Cash Flow Statement
| Line Item | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $662.0M | $648.0M | $274.0M | $645.0M | $663.0M | $546.0M | $582.0M | $566.0M |
| Depreciation & Amortization | $141.0M | $140.0M | $135.0M | $139.0M | $136.0M | $152.0M | $129.0M | $128.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $46.0M | $44.0M | $47.0M | $48.0M | $42.0M | $41.0M | $44.0M | $48.0M |
| Net Cash from Operating Activities | $274.0M | $858.0M | $1.23B | $398.0M | $400.0M | $920.0M | $847.0M | $262.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $76.0M | $77.0M | $67.0M | $67.0M | $77.0M | $83.0M | $56.0M | $79.0M |
| Business Acquisitions | $730.0M | $0 | $0 | $0 | $0 | $0 | $1.19B | $0 |
| Net Cash from Investing Activities | $-806.0M | $-75.0M | $-66.0M | $-82.0M | $-7.0M | $-79.0M | $-1.25B | $-79.0M |
| Financing Activities | ||||||||
| Dividends Paid | $159.0M | $151.0M | $151.0M | $153.0M | $155.0M | $150.0M | $149.0M | $150.0M |
| Stock Repurchases | $444.0M | $338.0M | $463.0M | $368.0M | $209.0M | $154.0M | $242.0M | $76.0M |
| Net Cash from Financing Activities | $-597.0M | $-487.0M | $-612.0M | $-516.0M | $-657.0M | $-602.0M | $212.0M | $-221.0M |
| Net Change in Cash | $-1.13B | $293.0M | $545.0M | $-184.0M | $-251.0M | $218.0M | $-180.0M | $-38.0M |
| Free Cash Flow | $198.0M | $781.0M | $1.16B | $331.0M | $323.0M | $837.0M | $791.0M | $183.0M |