Income StatementBalance SheetCash FlowSegments
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Cognizant Cash Flow Statement

Operating, investing, and financing cash movements

Cognizant generated $2.8B in operating cash flow over the trailing twelve months. After $287.0M in capital expenditures, free cash flow was $2.5B. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.8BNet Cash From Investing (TTM)-$1.0BNet Cash From Financing (TTM)-$2.2BCapital Expenditures (TTM)$287.0MDepreciation And Amortization Cf (TTM)$555.0MNet Change In Cash (TTM)-$476.0M
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$24.3B
P/E Ratio10.91
ROE14.88%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$9.0M$6.0M$9.0M—$2.0M$6.0M
Other non-cash income (expense)-$9.0M$6.0M$9.0M—$2.0M$6.0M
Change in accounts payable—$9.0M-$38.0M-$6.0M—$25.0M
Change in accounts receivable—$177.0M$143.0M$2.0M$44.0M$143.0M
Change in deferred revenue$100.0M$70.0M-$80.0M-$54.0M$119.0M$76.0M
Change in other assets—$42.0M$18.0M-$61.0M$119.0M$206.0M
Change in other liabilities-$15.0M-$287.0M-$101.0M$354.0M$127.0M-$432.0M
Other working capital changes-$9.0M$6.0M$9.0M—$2.0M$6.0M
Deferred income taxes-$153.0M$54.0M—$406.0M—$111.0M
Depreciation and amortization$143.0M$136.0M$139.0M$135.0M$140.0M$141.0M
Gain (loss) on sale of assets$0.0$62.0M$0.0$0.0$0.0$0.0
Other Non-Cash Income (Expense)-$9.0M$6.0M$9.0M—$2.0M$6.0M
Other Non-cash Income (Expense)-$9.0M$6.0M$9.0M—$2.0M$6.0M
Other Non-cash Income (Expense)-$9.0M$6.0M$9.0M—$2.0M$6.0M
Net cash from operating activities$920.0M$400.0M$398.0M$1.2B$858.0M$274.0M
Net income$546.0M$663.0M$645.0M$274.0M$648.0M$662.0M
Other non-cash income (expense)-$9.0M$6.0M$9.0M—$2.0M$6.0M
Deferred revenue$100.0M$70.0M-$80.0M-$54.0M$119.0M$76.0M
Increase (Decrease) in Other Operating Assets—$42.0M$18.0M-$61.0M$119.0M$206.0M
Other Noncash Income (Expense)-$9.0M$6.0M$9.0M—$2.0M$6.0M
Other Non-cash Income and Expense-$9.0M$6.0M$9.0M—$2.0M$6.0M
Other Non-Cash Adjustments-$9.0M$6.0M$9.0M—$2.0M$6.0M
Other Non-Cash Income and Expense-$9.0M$6.0M$9.0M—$2.0M$6.0M
Stock-based compensation$41.0M$42.0M$48.0M$47.0M$44.0M$46.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired—$0.0$0.0$0.0$0.0$730.0M
Capital expenditures$83.0M$77.0M$67.0M$67.0M$77.0M$76.0M
Proceeds from disposals of property, plant and equipment$0.0$70.0M———$0.0
Net cash from investing activities-$79.0M-$7.0M-$82.0M-$66.0M-$75.0M-$806.0M
Proceeds from sale of property, plant and equipment$0.0$70.0M———$0.0

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$300.0M$300.0M———$0.0
Dividends paid$150.0M$155.0M$153.0M$151.0M$151.0M$159.0M
Proceeds from exercises of stock options and other stock issuances$14.0M$19.0M$14.0M$13.0M$12.0M$17.0M
Repayments Of Debt, Lease, And Earnout Obligations—$12.0M$9.0M$11.0M—$11.0M
Repayments of Long-Term Lines of Credit$300.0M$300.0M———$0.0
Net cash from financing activities-$602.0M-$657.0M-$516.0M-$612.0M-$487.0M-$597.0M
Proceeds from issuance of common stock$14.0M$19.0M$14.0M$13.0M$12.0M$17.0M
Repurchases of common stock$154.0M$209.0M$368.0M$463.0M$338.0M$444.0M
Payments on Revolving Credit Facilities$300.0M$300.0M———$0.0
Repayments of Long-term Lines of Credit$300.0M$300.0M———$0.0
Repayments of lines of credit$300.0M$300.0M———$0.0

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$837.0M$323.0M$331.0M$1.2B$781.0M$198.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$21.0M$13.0M$16.0M——-$1.0M
Net increase (decrease) in cash—-$251.0M-$184.0M$545.0M$293.0M-$1.1B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$280.0M$246.3M$246.3M$246.3M$246.3M—
Interest paid$13.3M$9.0M$9.0M$9.0M$9.0M—