Cognizant Technology Solutions (CTSH) Other Working Capital Changes (2009 - 2026)
Cognizant Technology Solutions (CTSH) recorded Other Working Capital Changes of -$175 million in Q2 2026, compared with -$199 million a year earlier.
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Analysis
Cognizant Technology Solutions (CTSH) Other Working Capital Changes (2009 - 2026) Analysis & Trends
On a TTM basis, Cognizant Technology Solutions' Other Working Capital Changes came in at -$249 million as of Jun 30, 2026; for FY2025, it was $30 million.
- Annual Other Working Capital Changes has a five-year compound annual growth rate of -41.6% (FY2020 to FY2025).
- Across earlier years, Other Working Capital Changes came in at -$438 million in FY2024, -$123 million in FY2023, -$75 million in FY2022 and -$46 million in FY2021.
- Quarterly Other Working Capital Changes has ranged from -$624 million in Q1 2024 to $361 million in Q3 2025 over the past five years.
- On a year-over-year basis, Other Working Capital Changes rose in two of the last four quarters, with growth averaging 16.5%.
- Peak year-over-year performance for Other Working Capital Changes in the last five years was growth of 99.4% in Q3 2023, against a decline of 49.8% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -$562 million (Q1 2026), $127 million (Q4 2025) and $361 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | 42.20 Bn | - |
| 2 | Cognizant Technology Solutions | 28.52 Bn | 22.49 Bn | 1.91 Bn |
| 3 | Cdw | 20.95 Bn | 17.85 Bn | 1.39 Bn |
| 4 | Td Synnex | 18.62 Bn | 12.78 Bn | 1.43 Bn |
| 5 | Arrow Electronics | 10.10 Bn | 9.05 Bn | 1.13 Bn |
| 6 | EPAM Systems | 7.92 Bn | 3.84 Bn | 445.94 Mn |
| 7 | Avnet | 7.12 Bn | 6.30 Bn | 865.03 Mn |
| 8 | ExlService Holdings | 6.52 Bn | 5.32 Bn | 241.14 Mn |
| 9 | Science Applications International | 6.35 Bn | 5.89 Bn | 239.00 Mn |
| 10 | Ingram Micro Holding | 6.29 Bn | 1.70 Bn | 996.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 220.00 Mn |
| Jun 30, 2026 | -175.00 Mn |
| Mar 31, 2026 | -562.00 Mn |
| Dec 31, 2025 | 127.00 Mn |
| Sep 30, 2025 | 361.00 Mn |
| Jun 30, 2025 | -199.00 Mn |
| Mar 31, 2025 | -259.00 Mn |
| Dec 31, 2024 | 211.00 Mn |
| Sep 30, 2024 | 213.00 Mn |
| Jun 30, 2024 | -238.00 Mn |
| Mar 31, 2024 | -624.00 Mn |
| Dec 31, 2023 | 125.00 Mn |
| Sep 30, 2023 | 315.00 Mn |
| Jun 30, 2023 | -462.00 Mn |
| Mar 31, 2023 | -101.00 Mn |
| Dec 31, 2022 | 222.00 Mn |
| Sep 30, 2022 | 158.00 Mn |
| Jun 30, 2022 | 16.00 Mn |
| Mar 31, 2022 | -471.00 Mn |
| Dec 31, 2021 | 204.00 Mn |
API Access
Cognizant Technology Solutions Other Working Capital Changes 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=other-working-capital-changes&ticker=CTSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=CTSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();