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Other financials

Income statement

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Revenue$5.4B+5.8%
Gross profit$1.8B+3.3%
Operating income$843.0M-1.2%
Net income$662.0M-0.2%
EPS (diluted)$1.39+3.7%

Balance sheet

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Cash & equivalents$1.5B-24.0%
Total debt$1.1B-7.4%
Total equity$15.1B+1.1%
Total assets$20.5B+2.7%

Cash flow

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Operating cash flow$274.0M-31.5%
CapEx$76.0M-1.3%
Free cash flow$198.0M-38.7%

Valuation

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Market cap$20.53B-48.2%
Enterprise value$20.12B-48.5%
P/E9.2×-7.1×
P/S-1.0×

Profitability

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Gross margin33.5%-0.7pp
Operating margin15.8%+0.6pp
Net margin10.4%-1.3pp
FCF margin11.5%+0.9pp

Returns & leverage

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Return on equity14.9%-1.7pp
Debt / equity0.1×0.0×
Current ratio2.2×0.0×

Where this comes from

Reported directly by Cognizant in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The official record: Cognizant’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cognizant's D&A?
Cognizant (CTSH) reported D&A of $141M in Q1 2026.
How has Cognizant's D&A changed year-over-year?
Cognizant's D&A increased by 3.7% year-over-year, from $136M to $141M.
What is the long-term trend for Cognizant's D&A?
Over 4 years (2021 to 2025), Cognizant's D&A has grown at a -1.1% compound annual growth rate (CAGR), from $574M to $550M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.