Cognizant authorizes $2B for stock buybacks

How big is it?

Cognizant bought back $1.6B of stock in the twelve months to Mar 31, 2026. At that pace, $2.0B covers about 1.2 years of buybacks.

The amount equals 81% of its free cash flow over the same twelve months ($2.5B).

Its diluted share count is down 3.6% from a year earlier.

An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.

Full Cognizant buyback record →