Cognizant Technology Solutions Quarterly Cash Flow Statement
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Cognizant Technology Solutions free cash flow
In the quarter ended Mar 31, 2026, Cognizant Technology Solutions generated $274.0 million of operating cash flow and spent $76.0 million on capital expenditures. That left free cash flow of $198.0 million, a free-cash-flow margin of 3.7% of revenue. Free cash flow was down 38.7% from the prior year's $323.0 million.
Cognizant Technology Solutions returned $603.0 million to shareholders: $159.0 million in dividends and $444.0 million in share repurchases, equal to 305% of free cash flow. Free cash flow covered dividend payments 1.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Cognizant Technology Solutions cash flow statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 662.00M | 648.00M | 274.00M | 645.00M | 663.00M | 546.00M | 582.00M | 566.00M | 546.00M | 558.00M | 525.00M | 463.00M |
| Net Income growth (YoY) | -0.15% | +18.68% | -52.92% | +13.96% | +21.43% | -2.15% | +10.86% | +22.25% | -5.86% | +7.10% | -16.53% | -19.76% |
| Depreciation & Amortization | 141.00M | 140.00M | 135.00M | 139.00M | 136.00M | 143.00M | 133.00M | 133.00M | 133.00M | 136.00M | 146.00M | 141.00M |
| Stock-Based Compensation | 46.00M | 44.00M | 47.00M | 48.00M | 42.00M | 41.00M | 44.00M | 48.00M | 42.00M | 43.00M | 47.00M | 42.00M |
| Change in Working Capital | -680.00M | 116.00M | 353.00M | -380.00M | -427.00M | 334.00M | 173.00M | -385.00M | -632.00M | 108.00M | 256.00M | -515.00M |
| Operating Cash Flow | 274.00M | 858.00M | 1.23B | 398.00M | 400.00M | 920.00M | 847.00M | 262.00M | 95.00M | 737.00M | 828.00M | 36.00M |
| Capital Expenditures | -76.00M | -77.00M | -67.00M | -67.00M | -77.00M | -83.00M | -56.00M | -79.00M | -79.00M | -78.00M | -73.00M | -68.00M |
| Investing Cash Flow | -806.00M | -75.00M | -66.00M | -82.00M | -7.00M | -79.00M | -1.25B | -79.00M | -238.00M | 168.00M | -199.00M | -85.00M |
| Dividends Paid | -159.00M | -151.00M | -151.00M | -153.00M | -155.00M | -150.00M | -149.00M | -150.00M | -151.00M | -146.00M | -147.00M | -148.00M |
| Share Repurchases | -444.00M | -338.00M | -463.00M | -368.00M | -209.00M | -154.00M | -242.00M | -76.00M | -133.00M | -313.00M | -315.00M | -214.00M |
| Financing Cash Flow | -597.00M | -487.00M | -612.00M | -516.00M | -657.00M | -602.00M | 212.00M | -221.00M | -304.00M | -455.00M | -450.00M | -354.00M |
| Net Change in Cash | -1.13B | 293.00M | 545.00M | -184.00M | -251.00M | 218.00M | -180.00M | -38.00M | -486.00M | 513.00M | 149.00M | -403.00M |
| Free Cash Flow | 198.00M | 781.00M | 1.16B | 331.00M | 323.00M | 837.00M | 791.00M | 183.00M | 16.00M | 659.00M | 755.00M | -32.00M |
This table shows 12 quarterly periods of Cognizant Technology Solutions's cash flow statement, from Q1 2026 back to Q2 2023, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow CTSH's reporting calendar. What is a cash flow statement?