
Cognizant Technology Solutions Corp
NASDAQ:CTSH

Income Statement
Earnings Waterfall
Cognizant Technology Solutions Corp
Revenue
|
19.7B
USD
|
Cost of Revenue
|
-13B
USD
|
Gross Profit
|
6.8B
USD
|
Operating Expenses
|
-3.8B
USD
|
Operating Income
|
3B
USD
|
Other Expenses
|
-786m
USD
|
Net Income
|
2.2B
USD
|
Income Statement
Cognizant Technology Solutions Corp
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
10 263
N/A
|
10 752
+5%
|
11 320
+5%
|
11 926
+5%
|
12 416
+4%
|
12 707
+2%
|
12 992
+2%
|
13 258
+2%
|
13 487
+2%
|
13 831
+3%
|
14 131
+2%
|
14 444
+2%
|
14 810
+3%
|
15 176
+2%
|
15 512
+2%
|
15 824
+2%
|
16 125
+2%
|
16 323
+1%
|
16 458
+1%
|
16 628
+1%
|
16 783
+1%
|
16 898
+1%
|
16 757
-1%
|
16 752
0%
|
16 652
-1%
|
16 828
+1%
|
17 413
+3%
|
17 914
+3%
|
18 507
+3%
|
18 932
+2%
|
19 253
+2%
|
19 366
+1%
|
19 428
+0%
|
19 414
0%
|
19 394
0%
|
19 434
+0%
|
19 353
0%
|
19 301
0%
|
19 265
0%
|
19 412
+1%
|
19 736
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5 907)
|
(6 236)
|
(6 621)
|
(6 977)
|
(7 423)
|
(7 602)
|
(7 778)
|
(7 896)
|
(8 025)
|
(8 285)
|
(8 482)
|
(8 720)
|
(8 920)
|
(9 144)
|
(9 329)
|
(9 501)
|
(9 838)
|
(10 012)
|
(10 224)
|
(10 425)
|
(10 634)
|
(10 800)
|
(10 761)
|
(10 706)
|
(10 606)
|
(10 629)
|
(10 902)
|
(11 223)
|
(11 604)
|
(11 937)
|
(12 193)
|
(12 326)
|
(12 448)
|
(12 494)
|
(12 606)
|
(12 735)
|
(12 664)
|
(12 667)
|
(12 640)
|
(12 742)
|
(12 958)
|
|
Gross Profit |
4 355
N/A
|
4 516
+4%
|
4 699
+4%
|
4 949
+5%
|
4 993
+1%
|
5 104
+2%
|
5 213
+2%
|
5 361
+3%
|
5 462
+2%
|
5 547
+2%
|
5 650
+2%
|
5 724
+1%
|
5 890
+3%
|
6 032
+2%
|
6 183
+3%
|
6 323
+2%
|
6 287
-1%
|
6 311
+0%
|
6 234
-1%
|
6 203
0%
|
6 149
-1%
|
6 098
-1%
|
5 996
-2%
|
6 046
+1%
|
6 046
N/A
|
6 199
+3%
|
6 511
+5%
|
6 691
+3%
|
6 903
+3%
|
6 995
+1%
|
7 060
+1%
|
7 040
0%
|
6 980
-1%
|
6 920
-1%
|
6 788
-2%
|
6 699
-1%
|
6 689
0%
|
6 634
-1%
|
6 625
0%
|
6 670
+1%
|
6 778
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 230)
|
(2 591)
|
(2 564)
|
(2 718)
|
(2 846)
|
(2 892)
|
(2 935)
|
(3 013)
|
(3 087)
|
(3 122)
|
(3 139)
|
(3 105)
|
(3 085)
|
(3 366)
|
(3 492)
|
(3 506)
|
(3 309)
|
(3 568)
|
(3 493)
|
(3 521)
|
(3 479)
|
(3 329)
|
(3 332)
|
(3 441)
|
(3 652)
|
(3 776)
|
(3 955)
|
(4 061)
|
(4 057)
|
(4 114)
|
(4 115)
|
(4 026)
|
(4 012)
|
(3 974)
|
(3 908)
|
(3 859)
|
(3 771)
|
(3 700)
|
(3 648)
|
(3 680)
|
(3 752)
|
|
Selling, General & Administrative |
(2 030)
|
(2 162)
|
(2 300)
|
(2 419)
|
(2 521)
|
(2 554)
|
(2 593)
|
(2 661)
|
(2 728)
|
(2 754)
|
(2 764)
|
(2 715)
|
(2 677)
|
(2 715)
|
(2 856)
|
(2 929)
|
(3 007)
|
(3 168)
|
(3 082)
|
(3 065)
|
(2 972)
|
(2 812)
|
(2 804)
|
(2 902)
|
(3 100)
|
(3 216)
|
(3 386)
|
(3 486)
|
(3 483)
|
(3 518)
|
(3 520)
|
(3 454)
|
(3 443)
|
(3 416)
|
(3 363)
|
(3 326)
|
(3 252)
|
(3 182)
|
(3 133)
|
(3 165)
|
(3 223)
|
|
Depreciation & Amortization |
(200)
|
(228)
|
(264)
|
(299)
|
(325)
|
(339)
|
(343)
|
(352)
|
(359)
|
(368)
|
(375)
|
(390)
|
(408)
|
(419)
|
(439)
|
(414)
|
(302)
|
(400)
|
(411)
|
(456)
|
(507)
|
(517)
|
(528)
|
(539)
|
(552)
|
(560)
|
(569)
|
(575)
|
(574)
|
(576)
|
(575)
|
(572)
|
(569)
|
(558)
|
(545)
|
(533)
|
(519)
|
(518)
|
(515)
|
(515)
|
(529)
|
|
Other Operating Expenses |
0
|
(201)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(232)
|
(197)
|
(163)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
(20)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
2 126
N/A
|
1 925
-9%
|
2 135
+11%
|
2 230
+4%
|
2 147
-4%
|
2 212
+3%
|
2 278
+3%
|
2 348
+3%
|
2 375
+1%
|
2 424
+2%
|
2 510
+4%
|
2 619
+4%
|
2 805
+7%
|
2 666
-5%
|
2 691
+1%
|
2 817
+5%
|
2 978
+6%
|
2 743
-8%
|
2 741
0%
|
2 682
-2%
|
2 670
0%
|
2 769
+4%
|
2 664
-4%
|
2 605
-2%
|
2 394
-8%
|
2 423
+1%
|
2 556
+5%
|
2 630
+3%
|
2 846
+8%
|
2 881
+1%
|
2 945
+2%
|
3 014
+2%
|
2 968
-2%
|
2 946
-1%
|
2 880
-2%
|
2 840
-1%
|
2 918
+3%
|
2 934
+1%
|
2 977
+1%
|
2 990
+0%
|
3 026
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(201)
|
38
|
(124)
|
(140)
|
18
|
31
|
11
|
10
|
(20)
|
1
|
(4)
|
(46)
|
(75)
|
103
|
26
|
(67)
|
(2)
|
37
|
139
|
209
|
85
|
(25)
|
(54)
|
(23)
|
(21)
|
44
|
16
|
(3)
|
1
|
7
|
11
|
24
|
47
|
76
|
85
|
92
|
87
|
79
|
89
|
77
|
46
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(11)
|
(50)
|
(69)
|
(72)
|
(62)
|
(23)
|
(52)
|
(177)
|
(96)
|
(145)
|
(162)
|
(217)
|
(276)
|
(323)
|
(330)
|
(280)
|
(219)
|
(123)
|
(71)
|
(20)
|
0
|
0
|
0
|
0
|
0
|
(117)
|
(189)
|
(229)
|
(252)
|
(164)
|
(125)
|
(134)
|
|
Total Other Income |
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
0
|
1
|
2
|
3
|
1
|
(2)
|
(3)
|
(4)
|
(3)
|
(3)
|
(2)
|
(1)
|
1
|
3
|
5
|
2
|
2
|
3
|
3
|
3
|
1
|
1
|
0
|
3
|
2
|
1
|
1
|
3
|
3
|
9
|
11
|
10
|
10
|
5
|
0
|
|
Pre-Tax Income |
1 924
N/A
|
1 961
+2%
|
2 008
+2%
|
2 088
+4%
|
2 164
+4%
|
2 242
+4%
|
2 288
+2%
|
2 358
+3%
|
2 357
0%
|
2 417
+3%
|
2 457
+2%
|
2 502
+2%
|
2 655
+6%
|
2 703
+2%
|
2 691
0%
|
2 695
+0%
|
2 797
+4%
|
2 683
-4%
|
2 736
+2%
|
2 732
0%
|
2 543
-7%
|
2 470
-3%
|
2 289
-7%
|
2 255
-1%
|
2 096
-7%
|
2 251
+7%
|
2 450
+9%
|
2 557
+4%
|
2 827
+11%
|
2 891
+2%
|
2 958
+2%
|
3 039
+3%
|
3 016
-1%
|
3 025
+0%
|
2 851
-6%
|
2 752
-3%
|
2 787
+1%
|
2 771
-1%
|
2 912
+5%
|
2 947
+1%
|
2 938
0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(485)
|
(488)
|
(487)
|
(525)
|
(540)
|
(560)
|
(775)
|
(798)
|
(805)
|
(750)
|
(572)
|
(567)
|
(536)
|
(621)
|
(624)
|
(650)
|
(703)
|
(668)
|
(667)
|
(637)
|
(643)
|
(643)
|
(610)
|
(726)
|
(704)
|
(722)
|
(772)
|
(683)
|
(693)
|
(703)
|
(703)
|
(699)
|
(730)
|
(718)
|
(658)
|
(666)
|
(668)
|
(689)
|
(730)
|
(709)
|
(713)
|
|
Income from Continuing Operations |
1 439
|
1 473
|
1 522
|
1 563
|
1 624
|
1 682
|
1 514
|
1 561
|
1 552
|
1 668
|
1 886
|
1 936
|
2 119
|
2 082
|
2 067
|
2 045
|
2 094
|
2 015
|
2 069
|
2 095
|
1 900
|
1 827
|
1 679
|
1 529
|
1 392
|
1 529
|
1 678
|
1 874
|
2 134
|
2 188
|
2 255
|
2 340
|
2 286
|
2 307
|
2 193
|
2 086
|
2 119
|
2 082
|
2 182
|
2 238
|
2 225
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
2
|
2
|
3
|
2
|
2
|
0
|
1
|
0
|
(58)
|
(59)
|
(59)
|
(58)
|
0
|
1
|
3
|
3
|
3
|
7
|
5
|
5
|
4
|
0
|
0
|
3
|
7
|
10
|
13
|
14
|
15
|
|
Net Income (Common) |
1 439
N/A
|
1 473
+2%
|
1 522
+3%
|
1 563
+3%
|
1 624
+4%
|
1 682
+4%
|
1 514
-10%
|
1 561
+3%
|
1 553
-1%
|
1 668
+7%
|
1 886
+13%
|
1 937
+3%
|
1 504
-22%
|
1 467
-2%
|
1 453
-1%
|
1 435
-1%
|
2 101
+46%
|
2 022
-4%
|
2 075
+3%
|
2 095
+1%
|
1 842
-12%
|
1 768
-4%
|
1 620
-8%
|
1 471
-9%
|
1 392
-5%
|
1 530
+10%
|
1 681
+10%
|
1 877
+12%
|
2 137
+14%
|
2 195
+3%
|
2 260
+3%
|
2 345
+4%
|
2 290
-2%
|
2 307
+1%
|
2 193
-5%
|
2 089
-5%
|
2 126
+2%
|
2 092
-2%
|
2 195
+5%
|
2 252
+3%
|
2 240
-1%
|
|
EPS (Diluted) |
2.35
N/A
|
2.4
+2%
|
2.47
+3%
|
2.54
+3%
|
2.65
+4%
|
2.74
+3%
|
2.47
-10%
|
2.55
+3%
|
2.55
N/A
|
2.74
+7%
|
3.19
+16%
|
3.27
+3%
|
2.52
-23%
|
2.49
-1%
|
2.47
-1%
|
2.47
N/A
|
3.59
+45%
|
3.51
-2%
|
3.67
+5%
|
3.8
+4%
|
3.29
-13%
|
3.23
-2%
|
2.99
-7%
|
2.7
-10%
|
2.57
-5%
|
2.88
+12%
|
3.18
+10%
|
3.56
+12%
|
4.05
+14%
|
4.18
+3%
|
4.33
+4%
|
4.53
+5%
|
4.41
-3%
|
4.53
+3%
|
4.32
-5%
|
4.12
-5%
|
4.21
+2%
|
4.2
0%
|
4.4
+5%
|
4.54
+3%
|
4.51
-1%
|