Cognizant Technology Solutions annual free cash flow
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Cognizant Technology Solutions Free Cash Flow (FCF) History (CTSH)
Cognizant Technology Solutions reported $2.60B in free cash flow for fiscal 2025, an increase of 42.04% from the previous fiscal year, with a free cash flow margin of 12.29%.
View full Cognizant Technology Solutions company overviewCognizant Technology Solutions free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.60B | $768.0M | +42.04% | +12.29% |
| 2024 | 2024-12-31 | $1.83B | −$186.0M | −9.24% | +9.26% |
| 2023 | 2023-12-31 | $2.01B | −$223.0M | −9.97% | +10.40% |
| 2022 | 2022-12-31 | $2.24B | $20.0M | +0.90% | +11.51% |
| 2021 | 2021-12-31 | $2.22B | −$685.0M | −23.61% | +11.97% |
| 2020 | 2020-12-31 | $2.90B | $794.0M | +37.68% | +17.42% |
| 2019 | 2019-12-31 | $2.11B | −$108.0M | −4.88% | +12.55% |
| 2018 | 2018-12-31 | $2.21B | $92.0M | +4.33% | +13.74% |
| 2017 | 2017-12-31 | $2.12B | $778.0M | +57.84% | +14.33% |
| 2016 | 2016-12-31 | $1.34B | −$569.0M | −29.73% | +9.97% |
| 2015 | 2015-12-31 | $1.91B | $653.0M | +51.78% | +15.42% |
| 2014 | 2014-12-31 | $1.26B | $98.8M | +8.50% | +12.29% |
| 2013 | 2013-12-31 | $1.16B | $324.1M | +38.67% | +13.14% |
| 2012 | 2012-12-31 | $838.1M | $251.2M | +42.80% | +11.41% |
| 2011 | 2011-12-31 | $586.9M | $7.8M | +1.34% | +9.59% |
| 2010 | 2010-12-31 | $579.1M | −$16.5M | −2.78% | +12.61% |
| 2009 | 2009-12-31 | $595.7M | $335.4M | +128.85% | +18.17% |
| 2008 | 2008-12-31 | $260.3M | $98.4M | +60.82% | +9.24% |
| 2007 | 2007-12-31 | $161.9M | — | — | +7.58% |
Cognizant Technology Solutions quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | $198.0M | −$125.0M | −38.70% | +3.66% |
| Q4 2025 | 2025-12-31 | $781.0M | −$56.0M | −6.69% | +14.64% |
| Q3 2025 | 2025-09-30 | $1.16B | $369.0M | +46.65% | +21.42% |
| Q2 2025 | 2025-06-30 | $331.0M | $148.0M | +80.87% | +6.31% |
| Q1 2025 | 2025-03-31 | $323.0M | $307.0M | +1918.75% | +6.31% |
| Q4 2024 | 2024-12-31 | $837.0M | $178.0M | +27.01% | +16.47% |
| Q3 2024 | 2024-09-30 | $791.0M | $36.0M | +4.77% | +15.68% |
| Q2 2024 | 2024-06-30 | $183.0M | $215.0M | — | +3.77% |
| Q1 2024 | 2024-03-31 | $16.0M | −$615.0M | −97.46% | +0.34% |
| Q4 2023 | 2023-12-31 | $659.0M | $47.0M | +7.68% | +13.85% |
| Q3 2023 | 2023-09-30 | $755.0M | −$198.0M | −20.78% | +15.42% |
| Q2 2023 | 2023-06-30 | −$32.0M | −$517.0M | — | −0.65% |
| Q1 2023 | 2023-03-31 | $631.0M | $445.0M | +239.25% | +13.11% |
| Q4 2022 | 2022-12-31 | $612.0M | −$148.0M | −19.47% | +12.65% |
| Q3 2022 | 2022-09-30 | $953.0M | $56.0M | +6.24% | +19.62% |
| Q2 2022 | 2022-06-30 | $485.0M | $19.0M | +4.08% | +9.89% |
| Q1 2022 | 2022-03-31 | $186.0M | $93.0M | +100.00% | +3.85% |
| Q4 2021 | 2021-12-31 | $760.0M | −$49.0M | −6.06% | +15.91% |
| Q3 2021 | 2021-09-30 | $897.0M | $76.0M | +9.26% | +18.91% |
| Q2 2021 | 2021-06-30 | $466.0M | −$420.0M | −47.40% | +10.16% |
| Q1 2021 | 2021-03-31 | $93.0M | −$292.0M | −75.84% | +2.11% |
| Q4 2020 | 2020-12-31 | $809.0M | −$36.0M | −4.26% | +19.34% |
| Q3 2020 | 2020-09-30 | $821.0M | $201.0M | +32.42% | +19.35% |
| Q2 2020 | 2020-06-30 | $886.0M | $407.0M | +84.97% | +22.15% |
| Q1 2020 | 2020-03-31 | $385.0M | $222.0M | +136.20% | +9.11% |
| Q4 2019 | 2019-12-31 | $845.0M | $239.0M | +39.44% | +19.72% |
| Q3 2019 | 2019-09-30 | $620.0M | −$148.0M | −19.27% | +14.60% |
| Q2 2019 | 2019-06-30 | $479.0M | −$70.0M | −12.75% | +11.57% |
| Q1 2019 | 2019-03-31 | $163.0M | −$129.0M | −44.18% | +3.97% |
| Q4 2018 | 2018-12-31 | $606.0M | −$150.0M | −19.84% | +14.68% |
| Q3 2018 | 2018-09-30 | $768.0M | $73.0M | +10.50% | +18.83% |
| Q2 2018 | 2018-06-30 | $549.0M | $88.0M | +19.09% | +13.70% |
| Q1 2018 | 2018-03-31 | $292.0M | $81.0M | +38.39% | +7.46% |
| Q4 2017 | 2017-12-31 | $756.0M | $239.0M | +46.23% | +19.75% |
| Q3 2017 | 2017-09-30 | $695.0M | $166.0M | +31.38% | +18.45% |
| Q2 2017 | 2017-06-30 | $461.0M | $170.0M | +58.42% | +12.56% |
| Q1 2017 | 2017-03-31 | $211.0M | $203.0M | +2537.50% | +5.95% |
| Q4 2016 | 2016-12-31 | $517.0M | −$132.4M | −20.39% | +14.93% |
| Q3 2016 | 2016-09-30 | $529.0M | −$223.8M | −29.73% | +15.32% |
| Q2 2016 | 2016-06-30 | $291.0M | −$89.5M | −23.52% | +8.64% |
| Q1 2016 | 2016-03-31 | $8.0M | −$123.3M | −93.91% | +0.25% |
| Q4 2015 | 2015-12-31 | $649.4M | $399.7M | +160.07% | +20.09% |
| Q3 2015 | 2015-09-30 | $752.8M | $225.1M | +42.66% | +23.62% |
| Q2 2015 | 2015-06-30 | $380.5M | $10.9M | +2.95% | +12.33% |
| Q1 2015 | 2015-03-31 | $131.3M | $17.3M | +15.18% | +4.51% |
| Q4 2014 | 2014-12-31 | $249.7M | −$148.9M | −37.36% | +9.10% |
| Q3 2014 | 2014-09-30 | $527.7M | $80.7M | +18.04% | +20.45% |
| Q2 2014 | 2014-06-30 | $369.6M | $54.4M | +17.25% | +14.68% |
| Q1 2014 | 2014-03-31 | $114.0M | $112.7M | +8785.42% | +4.71% |
| Q4 2013 | 2013-12-31 | $398.6M | $162.5M | +68.84% | +16.92% |
| Q3 2013 | 2013-09-30 | $447.0M | $132.1M | +41.96% | +19.39% |
| Q2 2013 | 2013-06-30 | $315.2M | $69.5M | +28.26% | +14.59% |
| Q1 2013 | 2013-03-31 | $1.3M | −$40.0M | −96.89% | +0.06% |
| Q4 2012 | 2012-12-31 | $236.1M | $75.6M | +47.11% | +12.12% |
| Q3 2012 | 2012-09-30 | $314.9M | $59.7M | +23.38% | +16.65% |
| Q2 2012 | 2012-06-30 | $245.8M | $64.4M | +35.51% | +13.69% |
| Q1 2012 | 2012-03-31 | $41.3M | $51.5M | — | +2.41% |
| Q4 2011 | 2011-12-31 | $160.5M | −$157.2M | −49.49% | +9.65% |
| Q3 2011 | 2011-09-30 | $255.2M | $65.3M | +34.37% | +15.94% |
| Q2 2011 | 2011-06-30 | $181.4M | $88.0M | +94.30% | +12.21% |
| Q1 2011 | 2011-03-31 | −$10.2M | $11.7M | — | −0.74% |
| Q4 2010 | 2010-12-31 | $317.7M | $94.8M | +42.55% | +24.24% |
| Q3 2010 | 2010-09-30 | $189.9M | $13.5M | +7.64% | +15.61% |
| Q2 2010 | 2010-06-30 | $93.3M | −$48.4M | −34.13% | +8.45% |
| Q1 2010 | 2010-03-31 | −$21.9M | −$76.5M | — | −2.28% |
| Q4 2009 | 2009-12-31 | $222.9M | $144.2M | +183.40% | +24.69% |
| Q3 2009 | 2009-09-30 | $176.5M | — | — | +20.68% |
| Q2 2009 | 2009-06-30 | $141.7M | — | — | +18.25% |
| Q1 2009 | 2009-03-31 | $54.6M | — | — | +7.32% |
| Q3 2008 | 2008-09-30 | $78.7M | — | — | +10.70% |
Cognizant Technology Solutions free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $2.90B to $2.60B, a compound annual decline of 2.20%. Cognizant Technology Solutions's latest reported quarter, Q1 2026, generated $198.0M in free cash flow, a decrease of 38.70% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Cognizant Technology Solutions filings at SEC.gov ↗