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Cognizant Income Statement

Revenue, expenses, and profitability over time

Cognizant generated $21.4B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $2.2B with a 10.41% net margin. Gross margin stands at 33.51% and operating margin at 15.79%. Diluted EPS is $4.60, which declined 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$21.4BGross Profit (TTM)$7.2BOperating Income (TTM)$3.4BNet Income (TTM)$2.2BEps Diluted (TTM)$4.60
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$24.2B
P/E Ratio10.86
ROE14.88%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$141M$136M$139M$135M$140M$141M
Selling, general and administrative$844M$791M$810M$833M$806M$791M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$1.11$1.34$1.31$0.56$1.35$1.39
Diluted earnings per share$1.10$1.34$1.31$0.56$1.34$1.39
Weighted-average shares, basic496M494M492M486M488M477M
Weighted-average shares, diluted497M495M492M487M489M477M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$5M$4M$0$0$5M$3M
Gain (loss) on disposal of assets$0$62M$0$0$0$0
Interest expense$19M$12M$9M$8M$8M$7M
Interest income$28M$30M$23M$25M$27M$22M
Other income (expense), net—$19M$25M$21M$25M$24M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$1.8B$1.7B$1.8B$1.8B$1.8B$1.8B
Operating income$751M$853M$817M$866M$853M$843M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$740M$872M$842M$887M$878M$867M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$199M$213M$197M$613M$235M$208M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$546M$663M$645M$274M$648M$662M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (Loss), Foreign Currency Transaction, before Tax-$18M$2M$7M$4M$5M$18M
Gain Loss On Sale Of Property Plant Equipment$0$62M$0$0$0$0
Other income, net (Note 6)-$2M-$1M$4M$0$1M-$9M
Add: dilutive effect of potential common shares (in shares)$1M$1M$0$1M$1M$0

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment and other income$28M$30M$23M$25M$27M$22M
Total revenue$5.1B$5.1B$5.2B$5.4B$5.3B$5.4B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$3.3B$3.4B$3.5B$3.6B$3.5B$3.6B