Infosys Financials

INFY

FY2026 annual

Revenue $20.2B +4.6% YoY

Net Income $3.3B +4.9% YoY

EPS (Diluted) Not reported for FY2026

Free Cash Flow Not reported for FY2026

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 15, 2026 Reported Jun 15, 2026 Currency USD FYE June

Infosys (INFY) reported $20.2B in revenue for fiscal year 2026, up 4.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI INFY FY2026 2026-08-15

Cash generation funds a low-debt business, while capital returns reshape equity more than reported profit growth does.

Operating cash flow remained above net income in FY2026—$4.0B versus $3.3B—so cash conversion remained favorable even as it eased from FY2025. That alignment suggests reported earnings are translating into cash rather than depending mainly on non-cash accounting entries, while the lower liquidity cushion makes distributions more consequential.

Revenue reached $20.2B while the net margin held at 16.5%, indicating that recent expansion has not materially diluted earnings economics. The available margins do not establish whether that stability came from pricing, mix, or cost discipline.

The capital-return drain is larger than dividends alone: financing cash flow was -$4.5B versus dividends of $2.1B, helping explain why equity fell despite higher net income. With debt-to-equity at 0.1x and the current ratio at 2.0x, the balance sheet is funded mainly through equity and internally generated cash rather than borrowing.

Financial Health Signals

Financial health score not available

Infosys does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

7/8

Infosys passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.22x

For every $1 of reported earnings, Infosys generates $1.22 in operating cash flow ($4.0B OCF vs $3.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$20.2B

YoY+4.6%

5Y CAGR+8.3%

10Y CAGR+7.8%

Infosys generated $20.2B in revenue in fiscal year 2026. This represents an increase of 4.6% from the prior year.

Net Income

$3.3B

YoY+4.9%

5Y CAGR+4.8%

10Y CAGR+4.9%

Infosys reported $3.3B in net income in fiscal year 2026. This represents an increase of 4.9% from the prior year.

EBITDA

Not reported for fiscal year 2026.

EPS (Diluted)

Not reported for fiscal year 2026.

Cash & Balance Sheet

Cash & Debt

$2.3B

YoY-18.2%

5Y CAGR-7.1%

Infosys held $2.3B in cash against $634.0M in long-term debt as of fiscal year 2026.

Shares Outstanding

4.06B

YoY-2.4%

5Y CAGR-1.0%

Infosys had 4.06B shares outstanding in fiscal year 2026. This represents a decrease of 2.4% from the prior year.

Free Cash Flow

Not reported for fiscal year 2026.

Dividends Per Share

Not reported for fiscal year 2026.

Margins & Returns

Net Margin

16.4%

YoY+0.1pp

5Y CAGR-2.9pp

10Y CAGR-5.1pp

Infosys's net profit margin was 16.4% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.

Return on Equity

33.7%

YoY+5.6pp

5Y CAGR+8.7pp

10Y CAGR+11.7pp

Infosys's ROE was 33.7% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 5.6 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2026.

Operating Margin

Not reported for fiscal year 2026.

Capital Allocation

None of these metrics is reported for fiscal year 2026.

INFY Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

INFY quarterly income statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Revenue	$20.2B+4.6%	$19.3B+3.9%	$18.6B+1.9%	$18.2B+11.7%	$16.3B+20.3%	$13.6B+6.1%	$12.8B+8.3%	$11.8B+7.9%	$10.9B+7.2%	$10.2B+7.4%	$9.5B
Interest Expense	$41.0M+2.5%	$40.0M+2.6%	$39.0M+30.0%	$30.0M+25.0%	$24.0M0.0%	$24.0M0.0%	$24.0M	N/A	N/A	N/A	N/A
Income Tax	$1.2B-7.4%	$1.3B+9.2%	$1.2B+3.1%	$1.1B+6.9%	$1.1B+9.8%	$973.0M+28.5%	$757.0M-5.7%	$803.0M+22.2%	$657.0M-21.2%	$834.0M+4.4%	$799.0M
Net Income	$3.3B+4.9%	$3.2B-0.2%	$3.2B+6.2%	$3.0B+0.5%	$3.0B+13.2%	$2.6B+12.2%	$2.3B+6.3%	$2.2B-11.5%	$2.5B+16.2%	$2.1B+4.3%	$2.1B

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).

INFY Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

INFY quarterly balance sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Total Assets	$16.4B-5.6%	$17.4B+5.4%	$16.5B+7.9%	$15.3B-1.6%	$15.6B+4.9%	$14.8B+20.9%	$12.3B+0.1%	$12.3B0.0%	$12.3B-4.7%	$12.9B	N/A
Current Assets	$10.9B-3.9%	$11.4B+5.9%	$10.7B+24.3%	$8.6B-2.7%	$8.9B+6.7%	$8.3B+15.2%	$7.2B-5.7%	$7.6B-0.4%	$7.7B-7.4%	$8.3B	N/A
Cash & Equivalents	$2.3B-18.2%	$2.9B+61.4%	$1.8B+19.7%	$1.5B-35.7%	$2.3B-31.8%	$3.4B+37.1%	$2.5B-12.9%	$2.8B-7.2%	$3.0B-12.6%	$3.5B	N/A
Goodwill	$1.3B+8.1%	$1.2B+35.1%	$875.0M-0.8%	$882.0M+8.0%	$817.0M-1.8%	$832.0M+19.0%	$699.0M+36.5%	$512.0M+51.0%	$339.0M-39.8%	$563.0M-0.9%	$568.0M
Total Liabilities	$6.6B+7.2%	$6.2B+4.2%	$5.9B-2.8%	$6.1B+9.5%	$5.6B+28.6%	$4.3B+21.5%	$3.6B+24.8%	$2.9B+24.3%	$2.3B+3.5%	$2.2B	N/A
Current Liabilities	$5.5B+10.1%	$5.0B+7.8%	$4.7B-2.5%	$4.8B+7.6%	$4.4B+35.8%	$3.3B+18.4%	$2.8B+2.4%	$2.7B+24.4%	$2.2B+0.1%	$2.2B	N/A
Long-Term Debt	$634.0M-6.1%	$675.0M-12.0%	$767.0M-10.7%	$859.0M+41.5%	$607.0M-3.2%	$627.0M+18.3%	$530.0M+2020.0%	$25.0M+4.2%	$24.0M	N/A	N/A
Total Equity	$9.8B-12.6%	$11.3B+6.1%	$10.6B+15.0%	$9.2B-7.7%	$10.0B-4.8%	$10.5B+20.7%	$8.7B-7.4%	$9.4B-5.6%	$10.0B-6.4%	$10.6B+14.1%	$9.3B
Retained Earnings	$13.5B-2.2%	$13.8B+9.6%	$12.6B+10.1%	$11.4B-2.3%	$11.7B-3.4%	$12.1B+9.7%	$11.0B-2.1%	$11.2B-2.9%	$11.6B-4.9%	$12.2B	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Total Assets	$17.4B+5.4%	$16.5B+7.9%	$15.3B-1.6%	$15.6B+4.9%	$14.8B+20.9%	$12.3B+0.1%	$12.3B0.0%	$12.3B
Current Assets	$11.4B+5.9%	$10.7B+24.3%	$8.6B-2.7%	$8.9B+6.7%	$8.3B+15.2%	$7.2B-5.7%	$7.6B-0.4%	$7.7B
Cash & Equivalents	$2.9B+61.4%	$1.8B+19.7%	$1.5B-35.7%	$2.3B-31.8%	$3.4B+37.1%	$2.5B-12.9%	$2.8B-7.2%	$3.0B
Goodwill	$1.2B+35.1%	$875.0M-0.8%	$882.0M+8.0%	$817.0M-1.8%	$832.0M+19.0%	$699.0M+36.5%	$512.0M+51.0%	$339.0M
Total Liabilities	$6.2B+4.2%	$5.9B-2.8%	$6.1B+9.5%	$5.6B+28.6%	$4.3B+21.5%	$3.6B+24.8%	$2.9B+24.3%	$2.3B
Current Liabilities	$5.0B+7.8%	$4.7B-2.5%	$4.8B+7.6%	$4.4B+35.8%	$3.3B+18.4%	$2.8B+2.4%	$2.7B+24.4%	$2.2B
Long-Term Debt	$675.0M-12.0%	$767.0M-10.7%	$859.0M+41.5%	$607.0M-3.2%	$627.0M+18.3%	$530.0M+2020.0%	$25.0M+4.2%	$24.0M
Total Equity	$11.3B+6.1%	$10.6B+15.0%	$9.2B-7.7%	$10.0B-4.8%	$10.5B+20.7%	$8.7B-7.4%	$9.4B-5.6%	$10.0B
Retained Earnings	$13.8B+9.6%	$12.6B+10.1%	$11.4B-2.3%	$11.7B-3.4%	$12.1B+9.7%	$11.0B-2.1%	$11.2B-2.9%	$11.6B

Not reported in any period shown, so not listed: Inventory, Accounts Receivable.

INFY Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

INFY quarterly cash flow statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Operating Cash Flow	$4.0B-7.2%	$4.4B+38.2%	$3.1B+10.3%	$2.9B-14.7%	$3.3B+2.7%	$3.3B+24.8%	$2.6B+15.4%	$2.3B+0.2%	$2.3B+7.5%	$2.1B+12.7%	$1.9B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$465.0M+33.2%	$349.0M+12.6%	$310.0M-24.6%	$411.0M-0.5%	$413.0M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$2.1B+12.2%	$1.9B-1.7%	$1.9B+15.3%	$1.7B+16.5%	$1.4B
Investing Cash Flow	$10.0M+102.8%	-$361.0M+49.0%	-$708.0M-224.8%	-$218.0M+78.3%	-$1.0B+11.0%	-$1.1B-366.5%	-$242.0M-7.6%	-$225.0M-146.7%	$482.0M+118.9%	-$2.5B-437.3%	-$474.0M
Financing Cash Flow	-$4.5B-56.0%	-$2.9B-35.9%	-$2.1B+35.6%	-$3.3B+1.1%	-$3.3B-152.5%	-$1.3B+47.6%	-$2.5B-21.2%	-$2.1B+35.2%	-$3.2B-209.8%	-$1.0B+2.5%	-$1.1B
Dividends Paid	$2.1B-11.7%	$2.4B+36.0%	$1.8B+4.7%	$1.7B-0.4%	$1.7B+38.9%	$1.2B-9.8%	$1.4B-30.5%	$2.0B+69.2%	$1.2B+12.0%	$1.0B-2.5%	$1.1B

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18

Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

INFY Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

INFY quarterly financial ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Net Margin	16.4%+0.1pp	16.4%-0.7pp	17.1%+0.7pp	16.4%-1.8pp	18.2%-1.1pp	19.3%+1.0pp	18.3%-0.4pp	18.6%-4.1pp	22.7%+1.8pp	21.0%-0.6pp	21.6%
Return on Equity	33.7%+5.6pp	28.1%-1.8pp	29.9%-2.5pp	32.3%+2.6pp	29.7%+4.7pp	25.0%-1.9pp	26.9%+3.5pp	23.4%-1.6pp	25.0%+4.8pp	20.1%-1.9pp	22.0%
Return on Assets	20.2%+2.0pp	18.1%-1.0pp	19.2%-0.3pp	19.5%+0.4pp	19.1%+1.4pp	17.7%-1.4pp	19.1%+1.1pp	18.0%-2.3pp	20.3%+3.6pp	16.7%	N/A
Current Ratio	1.98-0.3x	2.270.0x	2.31+0.5x	1.81-0.2x	2.00-0.5x	2.54-0.1x	2.62-0.2x	2.84-0.7x	3.55-0.3x	3.83	N/A
Debt-to-Equity	0.060.0x	0.060.0x	0.070.0x	0.090.0x	0.060.0x	0.060.0x	0.06+0.1x	0.000.0x	0.00-0.2x	0.21	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	16.8%+0.6pp	16.2%-1.6pp	17.8%+1.3pp	16.5%+1.3pp	15.3%

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Current Ratio	2.270.0x	2.31+0.5x	1.81-0.2x	2.00-0.5x	2.54-0.1x	2.62-0.2x	2.84-0.7x	3.55
Debt-to-Equity	0.060.0x	0.070.0x	0.090.0x	0.060.0x	0.060.0x	0.06+0.1x	0.000.0x	0.00

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.

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Frequently Asked Questions

What is Infosys's annual revenue?

Infosys (INFY) reported $20.2B in total revenue for fiscal year 2026. This represents a 4.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Infosys's revenue growing?

Infosys (INFY) revenue grew by 4.6% year-over-year, from $19.3B to $20.2B in fiscal year 2026.

Is Infosys profitable?

Yes, Infosys (INFY) reported a net income of $3.3B in fiscal year 2026, with a net profit margin of 16.4%.

How much debt does Infosys have?

As of fiscal year 2026, Infosys (INFY) had $2.3B in cash and equivalents against $634.0M in long-term debt.

What is Infosys's net profit margin?

Infosys (INFY) had a net profit margin of 16.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Infosys's return on equity (ROE)?

Infosys (INFY) has a return on equity of 33.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Infosys's operating cash flow?

Infosys (INFY) generated $4.0B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Infosys's total assets?

Infosys (INFY) had $16.4B in total assets as of fiscal year 2026, including both current and long-term assets.

How many shares does Infosys have outstanding?

Infosys (INFY) had 4.06B shares outstanding as of fiscal year 2026.

What is Infosys's current ratio?

Infosys (INFY) had a current ratio of 1.98 as of fiscal year 2026, which is generally considered healthy.

What is Infosys's debt-to-equity ratio?

Infosys (INFY) had a debt-to-equity ratio of 0.06 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Infosys's return on assets (ROA)?

Infosys (INFY) had a return on assets of 20.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Infosys's Piotroski F-Score?

Infosys (INFY) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Infosys's earnings high quality?

Infosys (INFY) has an earnings quality ratio of 1.22x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.