Cognizant Technology Solutions Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.11B | $19.74B | $19.35B | $19.43B | $18.51B | $16.65B | $16.78B | $16.13B |
| Cost of Revenue | $13.99B | $12.96B | $12.66B | $12.45B | $11.60B | $10.67B | $10.63B | $9.84B |
| Gross Profit | $7.12B | $6.78B | $6.69B | $6.98B | $6.90B | $5.98B | $6.15B | $6.29B |
| Gross Margin | 33.7% | 34.3% | 34.6% | 35.9% | 37.3% | 35.9% | 36.6% | 39.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.24B | $3.22B | $3.25B | $3.44B | $3.50B | $3.10B | $2.97B | $3.01B |
| Operating Income | $3.39B | $2.89B | $2.69B | $2.97B | $2.83B | $2.11B | $2.45B | $2.80B |
| Operating Margin | 16.1% | 14.7% | 13.9% | 15.3% | 15.3% | 12.7% | 14.6% | 17.4% |
| Interest Expense | — | — | $41.0M | $19.0M | $9.0M | $24.0M | $26.0M | $27.0M |
| Pretax Income | $3.48B | $2.94B | $2.79B | $3.02B | $2.83B | $2.10B | $2.54B | $2.80B |
| Income Tax Expense | $1.26B | $713.0M | $668.0M | $730.0M | $693.0M | $704.0M | $643.0M | $698.0M |
| Net Income | $2.23B | $2.24B | $2.13B | $2.29B | $2.14B | $1.39B | $1.84B | $2.10B |
| Net Margin | 10.6% | 11.3% | 11.0% | 11.8% | 11.5% | 8.4% | 11.0% | 13.0% |
| EPS (Basic) | $4.57 | $4.52 | $4.21 | $4.42 | $4.06 | $2.58 | $3.30 | $3.61 |
| EPS (Diluted) | $4.56 | $4.51 | $4.21 | $4.41 | $4.05 | $2.57 | $3.29 | $3.60 |
| Shares Outstanding (Basic) | 488.0M | 496.0M | 505.0M | 518.0M | 527.0M | 540.0M | 559.0M | 582.0M |
| Shares Outstanding (Diluted) | 489.0M | 497.0M | 505.0M | 519.0M | 528.0M | 541.0M | 560.0M | 584.0M |
| Dividends Per Share | $1.24 | $1.20 | $1.16 | $1.08 | $0.96 | $0.88 | $0.80 | — |