Cognizant Technology Solutions Corporation

CTSHNASDAQTechnology● Active

$53.21

$-0.19(-0.36%)

Market Cap$25.2B

P/E Ratio—

52W High$87.03

52W Low$45.48

Avg Volume7.0M

Open$54.36

Beta0.81

Free Cash Flow Financials Revenue

Cognizant Technology Solutions Corporation (CTSH) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CTSH · free cash flow · updated Jun 8, 2026

Core FCF metrics

CTSH · FCF · TTM · margin & CAGR

Free cash flow was $2.60B for FY2025 (fiscal year ending 2025-12-31), up 42.0% year-over-year The FCF margin was 12.3%. Five-year CAGR stands at -2.2%.

FY2025 Free Cash Flow$2.60B▲ +42.0% YoY

Trailing 12M (TTM)$2.47Btrailing 4 quarters sum

FCF Margin12.3%$2.60B ÷ revenue

3-Year CAGR+5.1%FY2022 → FY2025

5-Year CAGR-2.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CTSH · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.88B(288M)$2.60B▲ +42.0%12.3%

FY2024$2.12B(297M)$1.83B▼ 9.2%9.3%

FY2023$2.33B(317M)$2.01B▼ 10.0%10.4%

FY2022$2.57B(332M)$2.24B▲ +0.9%11.5%

FY2021$2.50B(279M)$2.22B▼ 23.6%12.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CTSH · P/FCF · FCF yield · FCF per share

Cognizant Technology Solutions Corporation (CTSH) trades at a FCF yield of 9.80% and a price-to-free-cash-flow ratio of 10.4x. FCF per share stands at $5.14, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

9.80%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.14

TTM FCF ÷ Shares Outstanding

Price / FCF

x10.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CTSH · cash flow statement · operating / investing / financing

For FY2025, Cognizant Technology Solutions Corporation generated $2.88B in operating cash flow and spent 288M in capital expenditures, yielding $2.60B in free cash flow.

Operating Activities

+$2.88B

Cash from core business operations

2025-12-31

Investing Activities

−$230.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.27B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.88B) − |CapEx| (288M) = FCF ($2.60B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

CTSH vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Cognizant Technology Solutions CorporationYOU

CTSH

$2.60B+42.0%12.3%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Cognizant Technology Solutions Corporation (CTSH) reported free cash flow of $2.60B for FY2025 (fiscal year ending 2025-12-31), up 42.0% year-over-year. The FCF margin was 12.3%.

Based on available data, Cognizant Technology Solutions Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $2.90B in FY2020. The 5-year CAGR stands at -2.2%.

Cognizant Technology Solutions Corporation's FCF yield is 9.80% and price-to-FCF ratio is 10.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CTSH free cash flow · 8 questions

Cognizant Technology Solutions Corporation free cash flow was $2.60B for FY2025, up 42.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.47B.

CTSH free cash flowCTSH FCFCTSH FCF 2025CTSH free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Cognizant Technology Solutions Corporation · Cognizant Technology Solutions Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026