INFY

MKT CAP:$52B

Infosys Limited

Market Cap

$52B

Technology·Information Technology Services·🇮🇳 India·NYSE

Technology·IT Services·🇮🇳·NYSE

Stock Price

$12.79-$5.35 (-29.50%)

Apr 24, 2026

Company Details

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, d...

CEO

Salil Satish Parekh

IPO Date

Mar 11, 1999

Website

www.infosys.com

Key Metrics TTM

Revenue

$19.8B

+3.8% YoY

Net Income

$3.2B

EPS (Diluted)

$0.77

Free Cash Flow

$3.8B

Revenue / Share

$4.81

Gross Margin

30.0%

Operating Margin

20.3%

Net Margin

16.2%

FCF Margin

19.2%

P/S

2.6x

P/E

16.2x

Earnings Reports

Q3 2026

Jan 20, 2026

$5.1B+3.2%EPS $0.18

Q2 2026

Oct 21, 2025

$5.1B+3.7%EPS $0.20

Q1 2026

Jun 29, 2025

$4.9B+4.8%EPS $0.19

FY 2025

Jul 1, 2025

$19.3B+3.9%EPS $0.76

Q4 2025

Jul 1, 2025

$4.7B+3.6%EPS $0.20

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 22	$4.3B	$1.3B	$920M
Q1 23	$4.4B	$1.3B	$888M
Q2 23	$4.6B	$1.4B	$979M
Q3 23	$4.7B	$1.4B	$1.0B
Q4 23	$4.6B	$1.4B	$957M
Q1 24	$4.6B	$1.4B	$961M
Q2 24	$4.7B	$1.4B	$1.0B
Q3 24	$4.7B	$1.4B	$956M
Q4 24	$4.6B	$1.3B	$917M
Q1 25	$4.7B	$1.5B	$994M
Q2 25	$4.9B	$1.5B	$1.0B
Q3 25	$4.9B	$1.5B	$1.1B
Q4 25	$4.7B	$1.4B	$991M
Q1 26	$4.9B	$1.5B	$1.0B
Q2 26	$5.1B	$1.6B	$1.1B
Q3 26	$5.1B	$1.4B	$937M

Valuation

Quarter	P/S	P/E
Q4 22	6.4x	35.0x
Q1 23	4.6x	26.7x
Q2 23	4.1x	24.1x
Q3 23	4.2x	25.0x
Q4 23	4.0x	24.2x
Q1 24	3.6x	22.1x
Q2 24	3.8x	23.6x
Q3 24	4.1x	25.8x
Q4 24	3.9x	23.0x
Q1 25	4.1x	23.9x
Q2 25	5.0x	29.2x
Q3 25	4.9x	28.3x
Q4 25	4.0x	24.5x
Q1 26	3.9x	24.0x
Q2 26	3.4x	20.7x
Q3 26	3.8x	23.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$845M	$761M
Q1 23	$745M	$656M
Q2 23	$656M	$589M
Q3 23	$644M	$576M
Q4 23	$808M	$713M
Q1 24	$831M	$733M
Q2 24	$756M	$697M
Q3 24	$707M	$665M
Q4 24	$914M	$848M
Q1 25	$1.1B	$1.1B
Q2 25	$927M	$866M
Q3 25	$1.4B	$1.3B
Q4 25	$976M	$892M
Q1 26	$983M	$884M
Q2 26	$1.2B	$1.1B
Q3 26	$970M	$924M

Capital Expenditures

Quarter	CapEx
Q4 22	$84M
Q1 23	$89M
Q2 23	$67M
Q3 23	$68M
Q4 23	$95M
Q1 24	$98M
Q2 24	$59M
Q3 24	$42M
Q4 24	$66M
Q1 25	$56M
Q2 25	$61M
Q3 25	$65M
Q4 25	$84M
Q1 26	$99M
Q2 26	$56M
Q3 26	$45M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+18.5%	+23.1%
Q1 23	+17.5%	+23.2%
Q2 23	+13.9%	+17.0%
Q3 23	+9.6%	+12.5%
Q4 23	+6.4%	+7.1%
Q1 24	+3.9%	+2.8%
Q2 24	+3.6%	+4.0%
Q3 24	+0.1%	+1.3%
Q4 24	+0.2%	+1.4%
Q1 25	+2.1%	+1.8%
Q2 25	+3.7%	+3.8%
Q3 25	+5.9%	+4.8%
Q4 25	+3.6%	+2.5%
Q1 26	+4.8%	+5.2%
Q2 26	+3.7%	+3.9%
Q3 26	+3.2%	+7.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$15M	0.4%
Q1 23	$17M	0.4%
Q2 23	$17M	0.4%
Q3 23	$14M	0.3%
Q4 23	$16M	0.4%
Q1 24	$18M	0.4%
Q2 24	$16M	0.3%
Q3 24	$18M	0.4%
Q4 24	$27M	0.6%
Q1 25	$25M	0.5%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$23M	0.5%
Q1 26	$28M	0.6%
Q2 26	$26M	0.5%
Q3 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 22	$332M	$31M
Q1 23	$324M	$44M
Q2 23	$330M	$34M
Q3 23	$232M	$196M
Q4 23	$338M	$44M
Q1 24	$228M	$217M
Q2 24	$234M	$213M
Q3 24	$229M	$204M
Q4 24	$718M	—
Q1 25	$229M	$232M
Q2 25	$209M	$221M
Q3 25	$358M	$45M
Q4 25	$349M	$55M
Q1 26	$239M	$258M
Q2 26	$200M	$254M
Q3 26	$245M	$257M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$2.3B	$924M	$3.2B
Q1 23	$1.8B	$1.1B	$2.8B
Q2 23	$1.8B	$1.4B	$3.3B
Q3 23	$1.4B	$1.1B	$2.5B
Q4 23	$1.5B	$878M	$2.4B
Q1 24	$1.5B	$772M	$2.3B
Q2 24	$1.9B	$1.0B	$2.9B
Q3 24	$1.6B	$958M	$2.6B
Q4 24	$1.8B	$1.7B	$3.4B
Q1 25	$2.0B	$1.1B	$3.0B
Q2 25	$2.6B	$887M	$3.5B
Q3 25	$2.6B	$1.1B	$3.7B
Q4 25	$2.9B	$1.6B	$4.5B
Q1 26	$3.2B	$887M	$4.1B
Q2 26	$3.5B	$1.5B	$5.0B
Q3 26	$2.2B	$769M	$3.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 22	4.20B	+0.0%	-1.2%
Q1 23	4.20B	-0.0%	-1.3%
Q2 23	4.16B	-1.0%	-3.6%
Q3 23	4.20B	+1.0%	-0.1%
Q4 23	4.15B	-1.1%	-1.2%
Q1 24	4.14B	-0.2%	-1.4%
Q2 24	4.14B	+0.0%	-0.3%
Q3 24	4.14B	+0.0%	-1.2%
Q4 24	4.15B	+0.0%	-0.1%
Q1 25	4.15B	+0.1%	+0.1%
Q2 25	4.09B	-1.4%	-1.3%
Q3 25	4.23B	+3.5%	+2.1%
Q4 25	4.07B	-3.9%	-1.9%
Q1 26	4.15B	+2.1%	+0.1%
Q2 26	4.26B	+2.6%	+4.1%
Q3 26	4.12B	-3.2%	-2.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 22	$13.6K	314K
Q1 23	$14.2K	314K
Q2 23	$14.5K	314K
Q3 23	$14.8K	314K
Q4 23	$13.3K	343K
Q1 24	$13.5K	343K
Q2 24	$13.7K	343K
Q3 24	$13.6K	343K
Q4 24	$14.4K	317K
Q1 25	$14.9K	317K
Q2 25	$15.4K	317K
Q3 25	$15.6K	317K
Q4 25	$14.6K	324K
Q1 26	$15.3K	324K
Q2 26	$15.7K	324K
Q3 26	$15.8K	324K

Revenue / Employee