Cognizant Technology Solutions (CTSH) Free Cash Flow (2009 - 2026)
Cognizant Technology Solutions (CTSH) recorded Free Cash Flow of $459 million in Q2 2026, up 38.7% from $331 million a year earlier and up 131.8% from the prior quarter.
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Analysis
Cognizant Technology Solutions (CTSH) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, Cognizant Technology Solutions' Free Cash Flow came in at $2.6 billion as of Jun 30, 2026, up 13.8% year-over-year; for FY2025, it came in at $2.6 billion, up 42.0% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of -2.2% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $1.83 billion in FY2024 (-9.2%), $2.01 billion in FY2023 (-10.0%), $2.24 billion in FY2022 (+0.9%) and $2.22 billion in FY2021 (-23.6%).
- Quarterly Free Cash Flow has ranged from -$32 million in Q2 2023 to $1.16 billion in Q3 2025 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in five of the last seven quarters, with growth averaging 21.8%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 239.2% in Q1 2023, against a decline of 97.5% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $198 million (Q1 2026), $781 million (Q4 2025) and $1.16 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.24 Bn | 36.74 Bn | 1.60 Bn | 1.12 Bn |
| 2 | Cognizant Technology Solutions | 31.12 Bn | 24.28 Bn | 1.83 Bn | 459.00 Mn |
| 3 | Wipro | 20.11 Bn | 14.81 Bn | 738.00 Mn | 383.00 Mn |
| 4 | Td Synnex | 19.66 Bn | 13.82 Bn | 1.43 Bn | -975.60 Mn |
| 5 | Cdw | 19.39 Bn | 17.38 Bn | 1.32 Bn | -82.60 Mn |
| 6 | Cgi | 16.87 Bn | 14.67 Bn | - | 457.05 Mn |
| 7 | Arrow Electronics | 11.10 Bn | 10.05 Bn | 1.13 Bn | 297.21 Mn |
| 8 | Avnet | 7.54 Bn | 6.72 Bn | 865.03 Mn | -307.50 Mn |
| 9 | EPAM Systems | 6.64 Bn | 2.28 Bn | 429.57 Mn | -17.64 Mn |
| 10 | Ingram Micro Holding | 6.19 Bn | 1.79 Bn | 958.68 Mn | -566.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 459.00 Mn |
| Mar 31, 2026 | 198.00 Mn |
| Dec 31, 2025 | 781.00 Mn |
| Sep 30, 2025 | 1.16 Bn |
| Jun 30, 2025 | 331.00 Mn |
| Mar 31, 2025 | 323.00 Mn |
| Dec 31, 2024 | 837.00 Mn |
| Sep 30, 2024 | 791.00 Mn |
| Jun 30, 2024 | 183.00 Mn |
| Mar 31, 2024 | 16.00 Mn |
| Dec 31, 2023 | 659.00 Mn |
| Sep 30, 2023 | 755.00 Mn |
| Jun 30, 2023 | -32.00 Mn |
| Mar 31, 2023 | 631.00 Mn |
| Dec 31, 2022 | 612.00 Mn |
| Sep 30, 2022 | 953.00 Mn |
| Jun 30, 2022 | 485.00 Mn |
| Mar 31, 2022 | 186.00 Mn |
| Dec 31, 2021 | 760.00 Mn |
| Sep 30, 2021 | 897.00 Mn |
API Access
Cognizant Technology Solutions Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CTSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "CTSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CTSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();