What is Cognizant's operating lease liabilities?

Cognizant (CTSH) reported operating lease liabilities of $384M in Q1 2026.

How has Cognizant's operating lease liabilities changed year-over-year?

Cognizant's operating lease liabilities decreased by 9.4% year-over-year, from $424M to $384M.

What is the long-term trend for Cognizant's operating lease liabilities?

Over 5 years (2020 to 2025), Cognizant's operating lease liabilities has grown at a -12.9% compound annual growth rate (CAGR), from $846M to $423M.

What does operating lease liabilities mean?

Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

Cognizant CTSH Operating Lease Liabilities

Operating Lease Liabilities at other companies

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$2.64B-4.0%

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$2.87M-19.1%

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$52.32M-19.8%

Willis Towers WatsonWTW

$485M-2.6%

ExlService HoldingsEXLS

$88.13M+41.2%

EPAM SystemsEPAM

$86.19M-7.9%

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$21.5B-42.2%

Enterprise value$21.09B-42.3%

P/E9.6×-5.6×

P/S1×-0.8×

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

See full

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:OperatingLeaseLiabilityNoncurrent.

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 operating lease liabilities?: Cognizant (CTSH) reported operating lease liabilities of $384M in Q1 2026.
How has Cognizant's operating lease liabilities changed year-over-year?: Cognizant's operating lease liabilities decreased by 9.4% year-over-year, from $424M to $384M.
What is the long-term trend for Cognizant's operating lease liabilities?: Over 5 years (2020 to 2025), Cognizant's operating lease liabilities has grown at a -12.9% compound annual growth rate (CAGR), from $846M to $423M.
What does operating lease liabilities mean?: Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.