Cognizant Technology Solutions (CTSH) FCF Margin (2009 - 2026)
Cognizant Technology Solutions' (CTSH) quarterly FCF Margin came in at 8.37% in Q2 2026, up 206.0% year-over-year from 2.74% in Q2 2025, and up 128.94% quarter-over-quarter from 3.66% in Q1 2026.
Analysis
Cognizant Technology Solutions (CTSH) FCF Margin (2009 - 2026) Analysis & Trends
Cognizant Technology Solutions (CTSH) has reported FCF Margin for 18 consecutive years, with 8.37% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 206.0% year-over-year to 8.37% in Q2 2026; TTM through Jun 2026 was 12.0%, a 87.0% increase from a year earlier, with the FY2025 full-year figure at 12.29%, up 304.0% from the prior year.
- FCF Margin was 8.37% for Q2 2026 at Cognizant Technology Solutions, up from 3.66% in the prior quarter.
- Over five years, FCF Margin peaked at 21.42% in Q3 2025 and troughed at 0.65% in Q2 2023.
- A 5-year average of 10.26% and a median of 11.27% in 2022 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin jumped 926 bps in 2023 and slumped 1278 bps in 2024, its largest moves.
- Over 5 years, FCF Margin stood at 12.65% in 2022, then rose by 10 bps to 13.85% in 2023, then rose by 19 bps to 16.47% in 2024, then retreated by 11 bps to 14.64% in 2025, then sank by 43 bps to 8.37% in 2026.
- The last three FCF Margin figures came in at 8.37% (Q2 2026), 3.66% (Q1 2026), and 14.64% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 26.43% |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 8.37% |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | 15.08% |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | -1.25% |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 6.97% |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 12.34% |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | -12.69% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | - |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | 11.97% |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | 134.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.37% |
| Mar 31, 2026 | 3.66% |
| Dec 31, 2025 | 14.64% |
| Sep 30, 2025 | 21.42% |
| Jun 30, 2025 | 6.31% |
| Mar 31, 2025 | 6.31% |
| Dec 31, 2024 | 16.47% |
| Sep 30, 2024 | 15.68% |
| Jun 30, 2024 | 3.77% |
| Mar 31, 2024 | 0.34% |
| Dec 31, 2023 | 13.85% |
| Sep 30, 2023 | 15.42% |
| Jun 30, 2023 | -0.65% |
| Mar 31, 2023 | 13.11% |
| Dec 31, 2022 | 12.65% |
| Sep 30, 2022 | 19.62% |
| Jun 30, 2022 | 9.89% |
| Mar 31, 2022 | 3.85% |
| Dec 31, 2021 | 15.91% |
| Sep 30, 2021 | 18.91% |