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Cognizant Technology Solutions vs Amdocs: revenue, profit, margins and growth compared

Cognizant Technology Solutions brought in $21.1B of revenue in fiscal 2025, Amdocs $5B in fiscal 2024. Revenue changed by +7.0% at Cognizant Technology Solutions and +2.4% at Amdocs on the year before, so Cognizant Technology Solutions grew faster. Cognizant Technology Solutions kept 10.6% of its revenue as net profit, Amdocs 9.9%. Free cash flow was $2.6B at Cognizant Technology Solutions and $618.9M at Amdocs.

Side by side, latest fiscal year

CTSHDOX
Fiscal year endedFY2025 (December 31, 2025)FY2024 (September 30, 2024)
Revenue$21.1B$5B
Revenue growth+7.0%+2.4%
Net income$2.2B$493.2M
Net margin10.6%9.9%
Free cash flow$2.6B$618.9M
Free cash flow margin12.3%12.4%
Earnings per share (diluted)$4.56$4.25
Cash$1.9B$346.1M
Debt$543M$646.3M
Price to earnings12.6n/a
Market value$25.8B$6.2B
Dividend yield2.16%n/a
Rank by revenue in sector#35 of 530 · Technology#91 of 530 · Technology

Over the years

Revenue
CTSH FY2018: $16.1BCTSH FY2019: $16.8BCTSH FY2020: $16.7BCTSH FY2021: $18.5BCTSH FY2022: $19.4BCTSH FY2023: $19.4BCTSH FY2024: $19.7BCTSH FY2025: $21.1BDOX FY2017: $3.9BDOX FY2018: $4BDOX FY2019: $4.1BDOX FY2020: $4.2BDOX FY2021: $4.3BDOX FY2022: $4.6BDOX FY2023: $4.9BDOX FY2024: $5BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CTSH $21.1BDOX $5B
Net income
CTSH FY2018: $2.1BCTSH FY2019: $1.8BCTSH FY2020: $1.4BCTSH FY2021: $2.1BCTSH FY2022: $2.3BCTSH FY2023: $2.1BCTSH FY2024: $2.2BCTSH FY2025: $2.2BDOX FY2017: $436.8MDOX FY2018: $354.4MDOX FY2019: $479.4MDOX FY2020: $497.8MDOX FY2021: $688.4MDOX FY2022: $549.5MDOX FY2023: $540.7MDOX FY2024: $493.2MFY17FY18FY19FY20FY21FY22FY23FY24FY25
CTSH $2.2BDOX $493.2M
Net margin
CTSH FY2018: 13.0%CTSH FY2019: 11.0%CTSH FY2020: 8.4%CTSH FY2021: 11.5%CTSH FY2022: 11.8%CTSH FY2023: 11.0%CTSH FY2024: 11.3%CTSH FY2025: 10.6%DOX FY2017: 11.3%DOX FY2018: 8.9%DOX FY2019: 11.7%DOX FY2020: 11.9%DOX FY2021: 16.1%DOX FY2022: 12.0%DOX FY2023: 11.1%DOX FY2024: 9.9%FY17FY18FY19FY20FY21FY22FY23FY24FY25
CTSH 10.6%DOX 9.9%
Revenue growth
CTSH FY2019: +4.1%CTSH FY2020: -0.8%CTSH FY2021: +11.1%CTSH FY2022: +5.0%CTSH FY2023: -0.4%CTSH FY2024: +2.0%CTSH FY2025: +7.0%DOX FY2018: +2.8%DOX FY2019: +2.8%DOX FY2020: +2.0%DOX FY2021: +2.9%DOX FY2022: +6.7%DOX FY2023: +6.8%DOX FY2024: +2.4%FY18FY19FY20FY21FY22FY23FY24FY25
CTSH +7.0%DOX +2.4%
Free cash flow
CTSH FY2018: $2.2BCTSH FY2019: $2.1BCTSH FY2020: $2.9BCTSH FY2021: $2.2BCTSH FY2022: $2.2BCTSH FY2023: $2BCTSH FY2024: $1.8BCTSH FY2025: $2.6BDOX FY2017: $502.7MDOX FY2018: $326.1MDOX FY2021: $715.4MDOX FY2022: $529.5MDOX FY2023: $698.3MDOX FY2024: $618.9MFY17FY18FY19FY20FY21FY22FY23FY24FY25
CTSH $2.6BDOX $618.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cognizant Technology Solutions and Amdocs

Which is bigger by revenue, Cognizant Technology Solutions or Amdocs?

Cognizant Technology Solutions is bigger by revenue: $21.1B in fiscal 2025, against $5B for Amdocs in fiscal 2024.

Which keeps more of its revenue as profit, Cognizant Technology Solutions or Amdocs?

Cognizant Technology Solutions had a net margin of 10.6% in fiscal 2025; Amdocs had 9.9% in fiscal 2024.

Which grew revenue faster, Cognizant Technology Solutions or Amdocs?

In their latest fiscal years revenue changed by +7.0% at Cognizant Technology Solutions and +2.4% at Amdocs.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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