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

Cognizant Technology Solutions brought in $21.1B of revenue in fiscal 2025, Zscaler $3.4B in fiscal 2026. Revenue changed by +7.0% at Cognizant Technology Solutions and +25.4% at Zscaler on the year before, so Zscaler grew faster. Cognizant Technology Solutions kept 10.6% of its revenue as net profit, Zscaler -1.9%. Free cash flow was $2.6B at Cognizant Technology Solutions and $852.4M at Zscaler.

Side by side, latest fiscal year

CTSHZS
Fiscal year endedFY2025 (December 31, 2025)FY2026 (July 31, 2026)
Revenue$21.1B$3.4B
Revenue growth+7.0%+25.4%
Net income$2.2B-$63.2M
Net margin10.6%-1.9%
Free cash flow$2.6B$852.4M
Free cash flow margin12.3%25.4%
Earnings per share (diluted)$4.56-$0.39
Cash$1.9B$928.4M
Debt$543Mn/a
Price to earnings12.6n/a
Market value$25.8B$31.2B
Dividend yield2.16%n/a
Rank by revenue in sector#35 of 530 · Technology#113 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: $21.1BZS FY2019: $302.8MZS FY2020: $431.3MZS FY2021: $673.1MZS FY2022: $1.1BZS FY2023: $1.6BZS FY2024: $2.2BZS FY2025: $2.7BZS FY2026: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CTSH $21.1BZS $3.4B
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: $2.2BZS FY2019: -$28.7MZS FY2020: -$115.1MZS FY2021: -$262MZS FY2022: -$390.3MZS FY2023: -$202.3MZS FY2024: -$57.7MZS FY2025: -$41.5MZS FY2026: -$63.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CTSH $2.2BZS -$63.2M
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%ZS FY2019: -9.5%ZS FY2020: -26.7%ZS FY2021: -38.9%ZS FY2022: -35.8%ZS FY2023: -12.5%ZS FY2024: -2.7%ZS FY2025: -1.6%ZS FY2026: -1.9%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CTSH 10.6%ZS -1.9%
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%ZS FY2020: +42.4%ZS FY2021: +56.1%ZS FY2022: +62.1%ZS FY2023: +48.2%ZS FY2024: +34.1%ZS FY2025: +23.3%ZS FY2026: +25.4%FY19FY20FY21FY22FY23FY24FY25FY26
CTSH +7.0%ZS +25.4%
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: $2.6BZS FY2019: $32.5MZS FY2020: $36.2MZS FY2021: $153.9MZS FY2022: $252.6MZS FY2023: $365.1MZS FY2024: $635.3MZS FY2025: $808.2MZS FY2026: $852.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CTSH $2.6BZS $852.4M

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

Questions about Cognizant Technology Solutions and Zscaler

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

Cognizant Technology Solutions is bigger by revenue: $21.1B in fiscal 2025, against $3.4B for Zscaler in fiscal 2026.

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

Cognizant Technology Solutions had a net margin of 10.6% in fiscal 2025; Zscaler had -1.9% in fiscal 2026.

Which grew revenue faster, Cognizant Technology Solutions or Zscaler?

In their latest fiscal years revenue changed by +7.0% at Cognizant Technology Solutions and +25.4% at Zscaler.

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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