Logo

WIT

Wipro Limited

WIT

Wipro Limited • NYSE
$2.72 ▲ 1.12% (+0.03)
Market Cap $28.47 B
52w High $3.79
52w Low $2.55
Dividend Yield 0.13%
P/E 19.43
Volume 4.20M
Outstanding Shares 10.47B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $226.973B ▲ $29.312B ▲ $32.462B ▼ 14.302% ▼ $3.11 ▼ $51.681B ▼
Q1-2026 $221.346B ▼ $28.557B ▼ $33.365B ▼ 15.074% ▼ $3.18 ▼ $51.701B ▲
Q4-2025 $225.042B ▲ $30.43B ▲ $35.696B ▲ 15.862% ▲ $3.41 ▲ $51.257B ▼
Q3-2025 $223.188B ▲ $30.3B ▼ $33.538B ▲ 15.027% ▲ $3.21 ▲ $53.963B ▼
Q2-2025 $223.016B $30.818B $32.088B 14.388% $3.07 $54.655B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $510.25B ▼ $1.311T ▲ $448.055B ▲ $860.714B ▼
Q1-2026 $531.739B ▼ $1.308T ▲ $437.077B ▼ $868.903B ▲
Q4-2025 $532.373B ▼ $1.287T ▼ $456.073B ▲ $828.309B ▼
Q3-2025 $561.872B ▲ $1.302T ▲ $446.207B ▲ $853.849B ▲
Q2-2025 $511.778B $1.26T $439.956B $818.343B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $32.624B ▼ $33.872B ▼ $25.638B ▲ $-57.153B ▼ $5.074B ▲ $30.5B ▼
Q1-2026 $33.365B ▼ $41.119B ▲ $2.416B ▼ $-41.451B ▲ $3.789B ▲ $38.377B ▲
Q4-2025 $35.696B ▲ $37.465B ▼ $30.913B ▲ $-72.397B ▼ $-3.755B ▼ $30.59B ▼
Q3-2025 $33.538B ▲ $49.313B ▲ $-21.724B ▲ $-5.85B ▼ $21.174B ▲ $46.468B ▲
Q2-2025 $32.266B $42.689B $-53.869B $16.068B $6.271B $39.991B

Five-Year Company Overview

Income Statement

Income Statement Revenue has been broadly flat in recent years, with only modest ups and downs, but profits have improved. Gross profit and operating profit have both trended upward, showing that Wipro is managing costs reasonably well even without strong top‑line growth. Net income and earnings per share have risen over the five‑year period, helped by better efficiency and stable margins rather than rapid expansion. The picture is one of steady, disciplined profitability more than aggressive growth, with some sensitivity to swings in client spending cycles.

Balance Sheet

Balance Sheet The balance sheet has gradually strengthened. Total assets and shareholders’ equity have grown over time, indicating that the company has been building its asset base and retaining value for owners. Debt has increased but still appears manageable relative to the overall size of the business, suggesting a measured use of leverage rather than dependence on borrowing. Cash levels have come down from earlier peaks but remain solid, giving Wipro reasonable financial flexibility while not being excessively cash‑heavy. Overall, the balance sheet looks balanced and conservatively run, though not immune to rising debt costs if interest rates stay high.

Cash Flow

Cash Flow Cash generation is a key bright spot. Operating cash flow has been consistently healthy, broadly tracking reported profits, which signals that earnings are backed by real cash rather than accounting alone. Free cash flow has been strong and fairly stable, even after funding regular capital spending. Investment needs, such as data centers, tools, and platforms, do not appear to be consuming an outsized share of cash. This pattern gives Wipro room to fund dividends, buybacks, or acquisitions if management chooses, while still keeping a buffer for downturns in client demand.

Competitive Edge

Competitive Edge Wipro operates in a very competitive global IT services market, facing large Indian peers and multinational consultancies. Its edge comes from long‑standing client relationships, high switching costs for large enterprises, and a broad portfolio that spans consulting, cloud, digital, and business process services. The global delivery model and deep domain expertise in key industries add resilience. However, pricing pressure, intense competition for talent, and clients’ ability to shift work between vendors limit how strong that edge can be, supporting the view that Wipro has a narrow but durable competitive moat rather than a dominant position.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. Wipro is leaning into AI, automation, and cloud platforms, with offerings like Wipro HOLMES, the Wipro Intelligence suite, and specialized solutions such as the Cloud Car ecosystem for software‑defined vehicles. The partnership with the Indian Institute of Science around agentic AI, embodied AI, and quantum technologies signals a push into frontier areas that could create proprietary tools and intellectual property. The Topcoder crowdsourcing platform also gives access to a flexible global talent pool. The opportunity is substantial, but there is execution risk: turning advanced research and platforms into widely adopted, high‑margin services in a fast‑moving market is not guaranteed.

Summary

Overall, Wipro presents as a financially steady IT services company with stable revenue, improving profitability, and solid cash generation rather than a high‑growth story. Its balance sheet is sound, and cash flows support continued investment in technology and platforms. Competitively, Wipro benefits from sticky client relationships and a broad service range, but it operates in a crowded, price‑sensitive industry where differentiation is challenging. The company’s heavy emphasis on AI, cloud, and emerging areas like quantum computing and software‑defined vehicles offers meaningful upside if these bets scale, yet investors should recognize that the payoff and timing of these innovation efforts remain uncertain and will depend on execution and client adoption over the next several years.

NEWS

November 27, 2025 · 8:22 AM UTC

Wipro to Power Odido's Digital Future Through AI-enabled End-to-End IT Modernization

Read more

October 30, 2025 · 7:25 AM UTC

Wipro to Ring The Closing Bell® at the New York Stock Exchange

Read more

October 29, 2025 · 8:56 AM UTC

Wipro to Power HanesBrands' GenAI-led IT 2.0 Transformation

Read more

October 16, 2025 · 9:20 AM UTC

Wipro Announces Results for the Quarter Ended September 30, 2025

Read more

October 7, 2025 · 8:46 AM UTC

Wipro Limited to Announce Results for the Second Quarter Ended September 30, 2025, on October 16, 2025

Read more