Cognizant Technology Solutions (CTSH) Operating Leases (2019 - 2026)
Cognizant Technology Solutions' (CTSH) quarterly Operating Leases came in at $389.0 million in Q2 2026, down 9.53% year-over-year from $430.0 million in Q2 2025, and up 1.3% quarter-over-quarter from $384.0 million in Q1 2026.
Analysis
Cognizant Technology Solutions (CTSH) Operating Leases (2019 - 2026) Analysis & Trends
Cognizant Technology Solutions (CTSH) has reported Operating Leases for 8 consecutive years, with $389.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Leases fell 9.53% year-over-year to $389.0 million in Q2 2026; TTM through Jun 2026 was $389.0 million, a 9.53% decrease from a year earlier, with the FY2025 full-year figure at $423.0 million, down 28.91% from the prior year.
- Operating Leases was $389.0 million for Q2 2026 at Cognizant Technology Solutions, up from $384.0 million in the prior quarter.
- Over five years, Operating Leases peaked at $901.0 million in Q4 2022 and troughed at $384.0 million in Q1 2026.
- A 5-year average of $572.4 million and a median of $549.0 million in 2024 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases fell 29.82% in 2024 and dropped 5.05% in 2025, its largest moves.
- Over 5 years, Operating Leases stood at $901.0 million in 2022, then declined by 22.31% to $700.0 million in 2023, then dropped by 15.0% to $595.0 million in 2024, then dropped by 28.91% to $423.0 million in 2025, then slipped by 8.04% to $389.0 million in 2026.
- The last three Operating Leases figures came in at $389.0 million (Q2 2026), $384.0 million (Q1 2026), and $423.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 44.95 Bn | 44.95 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 27.19 Bn | 26.14 Bn | 1.83 Bn |
| 3 | Cgi | 15.35 Bn | 14.77 Bn | - |
| 4 | EPAM Systems | 6.01 Bn | 5.22 Bn | 429.57 Mn |
| 5 | Science Applications International | 5.35 Bn | 5.22 Bn | 239.00 Mn |
| 6 | ExlService Holdings | 5.33 Bn | 5.05 Bn | 225.96 Mn |
| 7 | Kyndryl Holdings | 2.86 Bn | 746.87 Mn | 776.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn |
| 9 | Innodata | 1.84 Bn | 1.59 Bn | 42.46 Mn |
| 10 | DXC Technology | 1.79 Bn | -211.80 Mn | 611.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 389.00 Mn |
| Mar 31, 2026 | 384.00 Mn |
| Dec 31, 2025 | 423.00 Mn |
| Sep 30, 2025 | 432.00 Mn |
| Jun 30, 2025 | 430.00 Mn |
| Mar 31, 2025 | 424.00 Mn |
| Dec 31, 2024 | 595.00 Mn |
| Sep 30, 2024 | 455.00 Mn |
| Jun 30, 2024 | 466.00 Mn |
| Mar 31, 2024 | 503.00 Mn |
| Dec 31, 2023 | 700.00 Mn |
| Sep 30, 2023 | 634.00 Mn |
| Jun 30, 2023 | 664.00 Mn |
| Mar 31, 2023 | 688.00 Mn |
| Dec 31, 2022 | 901.00 Mn |
| Sep 30, 2022 | 711.00 Mn |
| Jun 30, 2022 | 747.00 Mn |
| Mar 31, 2022 | 758.00 Mn |
| Dec 31, 2021 | 991.00 Mn |
| Sep 30, 2021 | 804.00 Mn |