Cognizant Technology Solutions
Cognizant Technology Solutions returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 19.99% | — | 14.92% | 10.83% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 20.15% | — | 14.88% | 11.02% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 20.28% | — | 15.16% | 10.97% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | 19.64% | — | 14.5% | 10.56% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 19.36% | — | 16.69% | 12.57% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 19.09% | — | 16.61% | 12.28% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | 18.34% | — | 16.21% | 11.65% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | 18.1% | — | 16.48% | 11.78% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 18.42% | — | 16.38% | 12.01% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 17.75% | — | 16% | 11.45% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | 18.14% | — | 16.65% | 11.7% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | 18.28% | — | 16.82% | 11.79% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 19.04% | — | 17.65% | 12.45% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 20.27% | — | 18.73% | 12.97% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 20.59% | — | 18.85% | 12.83% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | 21.5% | — | 19.95% | 13.56% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 21.22% | — | 19.52% | 13.26% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 20.76% | — | 19.08% | 12.88% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | 20.4% | — | 18.72% | 12.29% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | 17.41% | — | 16.55% | 10.42% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 16.98% | — | 15.16% | 9.59% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 15.71% | — | 14.13% | 8.98% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 15.89% | — | 12.74% | 8.4% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 16.01% | — | 13.47% | 8.5% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 16.9% | — | 15.05% | 9.6% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 17.85% | — | 16.26% | 10.55% | — |
| FY 2019 Q4 | Dec 31, 2019 | 18.22% | 18.61% | — | 16.41% | 11.47% | 8.9 pp |
| FY 2019 Q3 | Sep 30, 2019 | 19.85% | 19.76% | — | 19.33% | 13.46% | 10.6 pp |
| FY 2019 Q2 | Jun 30, 2019 | 19.54% | 20.8% | — | 19.57% | 13.69% | 10.2 pp |
| FY 2019 Q1 | Mar 31, 2019 | 18.75% | 20.4% | 95.18% | 18.28% | 12.99% | 9.5 pp |
| FY 2018 Q4 | Dec 31, 2018 | 20.38% | 21.95% | 50.21% | 19.02% | 13.5% | 11.1 pp |
| FY 2018 Q3 | Sep 30, 2018 | 14.28% | 22.52% | -271.43% | 13.07% | 9.61% | 5 pp |
| FY 2018 Q2 | Jun 30, 2018 | 13.81% | 22.43% | -191.59% | 13.75% | 10.11% | 4.5 pp |
| FY 2018 Q1 | Mar 31, 2018 | 13.97% | 22.05% | -41.06% | 13.99% | 10.23% | 4.7 pp |
| FY 2017 Q4 | Dec 31, 2017 | 14.63% | 20.48% | -230.36% | 14.06% | 10.2% | 5.3 pp |
| FY 2017 Q3 | Sep 30, 2017 | 18.57% | 20.39% | 57.02% | 18.22% | 13.7% | 9.3 pp |
| FY 2017 Q2 | Jun 30, 2017 | 18.35% | 20.59% | 24.19% | 18.55% | 13.94% | 9.1 pp |
| FY 2017 Q1 | Mar 31, 2017 | 16.75% | 21.22% | -7.27% | 17.04% | 12.67% | 7.5 pp |
| FY 2016 Q4 | Dec 31, 2016 | 16.74% | 20.63% | -8.85% | 15.53% | 11.37% | 7.4 pp |
| FY 2016 Q3 | Sep 30, 2016 | 16.84% | 21.17% | -2.83% | 16.33% | 12.02% | 7.5 pp |
| FY 2016 Q2 | Jun 30, 2016 | 16.85% | 21.49% | -3.31% | 16.46% | 12.14% | 7.6 pp |
| FY 2016 Q1 | Mar 31, 2016 | 19.27% | 21.76% | 17.84% | 18.91% | 13.95% | 10 pp |
| FY 2015 Q4 | Dec 31, 2015 | 20.34% | 21.99% | 18.4% | 19.08% | 13.1% | 11 pp |
| FY 2015 Q3 | Sep 30, 2015 | — | 23.47% | — | 19.29% | 14.54% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 23.38% | — | 19.59% | 14.85% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 23.66% | — | 19.91% | 14.99% | — |
| FY 2014 Q4 | Dec 31, 2014 | 24.98% | 24.23% | 5.48% | 20.74% | 14.44% | 15.7 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 27.46% | — | 21.5% | 16.63% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 28.7% | — | 22.16% | 17.39% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 28.91% | — | 21.85% | 17.26% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 28.98% | — | 22.36% | 16.68% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 29.25% | — | 23.15% | 17.24% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 29.62% | — | 24.22% | 18% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 27.83% | — | 22.79% | 17.64% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 28.84% | — | 23.87% | 17.48% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 29.53% | — | 23.79% | 18.06% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 29.32% | — | 23.94% | 18.22% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 28.03% | — | 22.6% | 17.83% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 28.59% | — | 23.45% | 17.51% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | 28.59% | — | 23.26% | 18.17% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 28.21% | — | 23.63% | 19.04% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | 27.9% | — | 23.77% | 19.4% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | 27.17% | — | 23.52% | 18.52% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | 26.54% | — | 23.14% | 18.59% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 26.57% | — | 22.77% | 18.77% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 9.3%, rounded from the Software · System & Application benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CTSH, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.