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INFY

Infosys Limited

INFY

Infosys Limited • NYSE
$17.49 ▲ 0.40% (+0.07)
Market Cap $72.51 B
52w High $23.63
52w Low $15.82
Dividend Yield 0.52%
P/E 22.14
Volume 3.67M
Outstanding Shares 4.15B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $5.076B ▲ $495M ▲ $839M ▲ 16.529% ▲ $0.21 ▲ $1.312B ▲
Q1-2026 $4.94B ▲ $483.136M ▲ $808.654M ▼ 16.37% ▼ $0.2 $1.042B ▼
Q4-2025 $4.724B ▼ $407M ▼ $811.883M ▲ 17.185% ▲ $0.2 ▲ $1.277B ▲
Q3-2025 $4.939B ▲ $442M ▼ $804M ▲ 16.279% ▲ $0.19 $1.053B ▼
Q2-2025 $4.894B $461M $777M 15.877% $0.19 $1.124B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $5.016B ▲ $18.064B ▲ $6.377B ▲ $11.634B ▲
Q1-2026 $4.089B ▼ $17.446B ▲ $6.327B ▲ $11.072B ▼
Q4-2025 $4.667B ▲ $17.421B ▲ $6.166B ▲ $11.21B ▲
Q3-2025 $3.596B ▲ $16.291B ▼ $5.935B ▼ $10.307B ▼
Q2-2025 $3.488B $16.928B $6.09B $10.789B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $840M ▲ $1.157B ▲ $-630M ▼ $-93M ▲ $383M ▲ $1.101B ▲
Q1-2026 $809M ▼ $983M ▲ $491M ▲ $-1.15B ▼ $341M ▼ $884M ▼
Q4-2025 $811.883M ▲ $975.852M ▼ $-780.421M ▼ $-43.225M ▲ $542.587M ▲ $892.77M ▼
Q3-2025 $805.983M ▲ $1.363B ▲ $-85.933M ▲ $-1.13B ▲ $62.317M ▲ $1.298B ▲
Q2-2025 $776.612M $927.291M $-97.427M $-1.596B $-763.379M $865.995M

Five-Year Company Overview

Income Statement

Income Statement Infosys shows a clear pattern of steady revenue growth over the past several years, with profits also rising but at a slower pace. Profit margins have come down a bit from earlier highs and then stabilized, which suggests some pressure on pricing and costs but still a healthy level of profitability overall. Earnings per share have improved over the longer period but have been fairly flat most recently, pointing to a mature, stable business rather than a sharply accelerating one. Overall, the income statement reflects a large, resilient services company that continues to grow, though with less room for margin expansion than in the past.

Balance Sheet

Balance Sheet The balance sheet looks conservative and solid. Total assets have grown gradually, and shareholders’ equity has steadily increased, indicating that the company is building its capital base over time. Debt levels remain modest relative to the size of the business, which reduces financial risk and gives the company flexibility in downturns. Cash balances dipped in the middle of the period and then rose again, suggesting management is comfortable using cash for investments or shareholder returns while still keeping a healthy buffer. Overall, the financial foundation appears strong and not overly leveraged.

Cash Flow

Cash Flow Infosys generates strong cash flow from its core operations, and this cash has generally grown faster than accounting profits, which is a good sign of quality earnings. After relatively light spending on property and equipment, the company is left with substantial free cash flow, typical of an asset-light IT services model. Free cash flow has consistently covered net income, showing good cash conversion and disciplined working capital management. This gives Infosys room to fund dividends, buybacks, acquisitions, or further investments in new capabilities without straining its finances.

Competitive Edge

Competitive Edge Competitively, Infosys is one of the leading global IT services providers, with a strong brand, deep client relationships, and significant scale. Its large base of long-standing clients and the complexity of switching core IT providers create meaningful stickiness and recurring revenue. The company also benefits from a cost-advantaged delivery model and broad industry expertise across many sectors and geographies. However, it operates in a crowded field against both Indian peers and global consultancies, where pricing pressure, wage inflation, automation, and changing client preferences are constant challenges. Its moat is real but must be actively defended through continual innovation and execution.

Innovation and R&D

Innovation and R&D Infosys is leaning heavily into an “AI-first” and cloud-centric strategy, using platforms like Infosys Topaz (AI), Infosys Cobalt (cloud), and Finacle (banking software) to differentiate itself. It is investing in AI labs, generative AI tools, cloud migration frameworks, and emerging technologies such as blockchain, computer vision, and AR/VR. The company’s strong emphasis on continuous learning, internal innovation programs, and strategic acquisitions aims to keep it relevant as technology cycles speed up. The opportunity is substantial if these platforms gain wider adoption and deepen client relationships, but there is also execution risk: turning advanced prototypes and pilots into large, profitable, and repeatable offerings is never guaranteed in a fast-moving tech landscape.

Summary

Infosys combines steady top-line growth, solid profitability, and a strong balance sheet with robust cash generation, all hallmarks of a mature but still expanding IT services leader. Its competitive strengths lie in brand, scale, client stickiness, and a cost-efficient delivery model, while key pressures include intense competition, margin tension, and the need to keep pace with rapid technology change. The company is clearly betting on AI and cloud as its main engines for future relevance and growth, backed by tangible platforms and R&D efforts rather than just marketing. Going forward, the most important things to watch are: how effectively it monetizes its AI and cloud offerings, whether it can sustain large deal wins in a slower global spending environment, and how well it protects margins while investing for the next wave of digital demand.

NEWS

November 17, 2025 · 5:13 AM UTC

Infosys Unveils AI-first GCC Model to Transform Global Capability Centers into Innovation Hubs

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November 6, 2025 · 5:24 AM UTC

Infosys Develops AI Agent to Enhance Operations in the Energy Sector

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November 3, 2025 · 4:37 AM UTC

Launching Today: Infosys Topaz Fabric™ - Composable Stack of AI Agents, Services and Models to Accelerate Value from Enterprise AI Investments

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October 29, 2025 · 6:23 AM UTC

Infosys Extends Strategic Collaboration with Metro Bank to Transform Finance Operations with Workday

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October 16, 2025 · 8:04 AM UTC

Infosys: Quarterly revenue crosses $5 bn mark

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