← COGNIZANT TECHNOLOGY SOLUTIONS CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $13.5b $14.8b $16.1b $16.8b $16.7b $18.5b $19.4b $19.4b $19.7b $21.1b
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $8.1b $9.2b $9.8b $10.6b $10.7b $11.6b $12.4b $12.7b $13.0b $14.0b
Cost of revenues (exclusive of depreciation and amortization expense shown separately below) $8.1b $9.2b $9.8b $10.6b $10.7b $11.6b $12.4b $12.7b $13.0b $14.0b
Operating expenses $9.7m $8.7m $7.3m $8.0m $6.2m $6.2m $6.7m $7.4m $8.0m $12.0m
Operating Income (Loss) $2.3b $2.5b $2.8b $2.5b $2.1b $2.8b $3.0b $2.7b $2.9b $3.4b
Additional Financial Items
Amortization of Intangible Assets $113.0m $130.0m $151.0m $162.0m $152.0m $182.0m $184.0m $165.0m $188.0m $218.0m
Capitalized Computer Software, Amortization — — $14.0m $22.0m $30.0m $33.0m $37.0m $37.0m $36.0m $43.0m
Dilutive effect of shares issuable under stock-based compensation plans $3.0m $2.0m $2.0m $1.0m $1.0m $1.0m $1.0m $0 $1.0m $1.0m
Foreign Currency Transaction Gain (Loss), before Tax ($30.0m) $67.0m ($152.0m) ($65.0m) ($116.0m) ($20.0m) $7.0m $2.0m ($19.0m) $18.0m
Foreign currency exchange gains (losses), net ($30.0m) $67.0m ($152.0m) ($65.0m) ($116.0m) ($20.0m) $7.0m $2.0m ($19.0m) $18.0m
Foreign exchange loss (gain) $273k $70k ($20k) $178k ($64k) $9k ($15k) ($8k) $574k ($33k)
Gain on extinguishment of liability (Note 25) $0 $0 ($186k) $0 $0 — — — — —
Gain on sale of property and equipment — — — — — — — $0 $0 ($62.0m)
Income (Loss) from Continuing Operations before Income Taxes, Domestic $752.0m $810.0m $947.0m $931.0m $814.0m $818.0m $975.0m $813.0m $906.0m $1.2b
Income (Loss) from Equity Method Investments $1.0m $2.0m $2.0m ($58.0m) $0 $3.0m $4.0m $7.0m $15.0m $9.0m
Intellectual property and other — — — $57k $10k $21k $29k $16k — —
Interest income $115.0m $133.0m $177.0m $176.0m $119.0m $30.0m $59.0m $126.0m $119.0m $105.0m
Loss before income taxes ($8.7m) ($8.9m) ($7.0m) $3.8m ($6.0m) ($3.1m) ($6.7m) ($5.5m) ($9.1m) ($1.8m)
Loss on disposal of assets, lease modifications and other — — — — — — $29k $16k $146k —
Loss on remeasurement of convertible debentures (Note 11) — — — — — — $0 $0 $297k $5.4m
Net Interest Income ($17k) $4k ($62k) ($29k) ($14k) $38k $36k — — —
Net loss and comprehensive loss ($9.1m) ($9.0m) ($7.0m) $3.8m — ($3.1m) ($6.7m) ($5.5m) ($9.1m) —
Other, net $2.0m ($3.0m) ($2.0m) $5.0m $3.0m $0 $1.0m $11.0m $0 $4.0m
Provision for income taxes ($805.0m) ($1.2b) ($698.0m) ($643.0m) ($704.0m) ($693.0m) ($730.0m) ($668.0m) ($713.0m) ($1.3b)
Restructuring charges — $72.0m $19.0m $217.0m $215.0m $0 $0 $229.0m $134.0m $0
Income before provision for income taxes $2.4b $2.7b $2.8b $2.5b $2.1b $2.8b $3.0b $2.8b $2.9b $3.5b
Net Income (Loss) Attributable to Parent $1.6b $1.5b $2.1b $1.8b $1.4b $2.1b $2.3b $2.1b $2.2b $2.2b
Common Stock, Dividends, Per Share, Declared $2.56 $0.45 $3.61 $3.30 $2.58 $0.96 $1.08 $1.16 $1.20 $1.24
Earnings Per Share, Basic $2.56 $2.54 $3.61 $3.30 $2.58 $4.06 $4.42 $4.21 $4.52 $4.57
Earnings Per Share, Diluted $2.55 $2.53 $3.60 $3.29 $2.57 $4.05 $4.41 $4.21 $4.51 $4.56
Weighted Average Number of Shares Outstanding, Basic 607.0m 593.0m 582.0m 559.0m 540.0m 527.0m 518.0m 505.0m 496.0m 488.0m
Weighted average number of common shares outstanding—Basic 607.0m 593.0m 582.0m 559.0m 540.0m 527.0m 518.0m 505.0m 496.0m 488.0m
Weighted average number of common shares outstanding—Diluted 610.0m 595.0m 584.0m 560.0m 541.0m 528.0m 519.0m 505.0m 497.0m 489.0m
Weighted Average Number of Shares Outstanding, Diluted 610.0m 595.0m 584.0m 560.0m 541.0m 528.0m 519.0m 505.0m 497.0m 489.0m
Other income (expense):
Current Income Tax Expense $375k $76k $0 $0 — — — — — —
Current Income Tax Expense (Benefit) $896.0m $1.0b $690.0m $949.0m $520.0m $666.0m $1.0b $1.0b $1.1b $931.0m
Depreciation and amortization expense $359.0m $408.0m $460.0m $507.0m $552.0m $574.0m $569.0m $519.0m $529.0m $550.0m
Interest Expense $19.0m $23.0m $27.0m $26.0m $24.0m $9.0m $19.0m $41.0m $54.0m $37.0m
Interest Expense (non-operating) — — — — — — — — $54.0m $37.0m
Other Expense — — — $2.7m $1.1m $1.2m $1.2m $2.2m $2.0m $5.8m
Other Nonoperating Income (Expense) $2.0m ($3.0m) ($2.0m) $5.0m $3.0m $0 $1.0m $11.0m $0 $4.0m
Selling, General and Administrative Expense $2.7b $2.8b $3.0b $3.0b $3.1b $3.5b $3.4b $3.3b $3.2b $3.2b
Selling, general and administrative expenses $2.7b $2.8b $3.0b $3.0b $3.1b $3.5b $3.4b $3.3b $3.2b $3.2b
Stock-Based Compensation Expense $790k $581k $386k $44k — — — — — —
Survey costs (Note 22) $1.2m $1.3m $1.1m $2.6m $1.1m — — — — —
Income Tax Expense (Benefit) $805.0m $1.2b $698.0m $643.0m $704.0m $693.0m $730.0m $668.0m $713.0m $1.3b
Nonoperating Income (Expense) $68.0m $174.0m ($4.0m) $90.0m ($18.0m) $1.0m $48.0m $98.0m $46.0m $90.0m
Total Other Expenses (income) — — — $206k ($68k) $68k $50k — — —
Total other income (expense), net $68.0m $174.0m ($4.0m) $90.0m ($18.0m) $1.0m $48.0m $98.0m $46.0m $90.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.