Wipro Financials

WIT

Source SEC Filings (10-K/10-Q) Data as of Jun 2, 2026 Currency USD FYE June

This page shows Wipro (WIT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 WIT FY2026 2026-06-02

Low-debt, capital-light operations let Wipro keep turning earnings into cash even as revenue and liquidity softened.

Across FY2024-FY2026, revenue fell from $10.8B to $9.9B, yet net margin stayed near 14% and capital spending stayed below $200M; that points to a business whose economics depend more on execution discipline than on asset expansion. Because operating cash flow still exceeded net income in each of those years, the earnings slowdown looks like softer activity rather than profits being sustained by weak cash conversion.

Near-term liquidity weakened as the current ratio moved from 2.7x to 2.0x, driven by higher current liabilities and slightly lower current assets. But this is not a borrowing-led squeeze: long-term debt was only $281M against $9.5B of equity, so the heavier liability load sits mainly in operating obligations.

FY2026 free cash flow of $1.4B was close to the $1.2B paid in dividends, showing that the dividend was funded internally. With capital spending only $166M, that looks like a cash-return model rather than a business that must constantly reinvest just to stand still.

Financial Health Signals

Financial Health Score 41/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Wipro's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Wipro's revenue declined 5.3% year-over-year, from $10.4B to $9.9B. This contraction results in a growth score of 20/100.

Leverage

Wipro carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Wipro's current ratio of 2.05 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Wipro converts 14.4% of revenue into free cash flow ($1.4B). This strong cash generation earns a score of 81/100.

Piotroski F-Score Partial

3/8

Wipro passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.13x

For every $1 of reported earnings, Wipro generates $1.13 in operating cash flow ($1.6B OCF vs $1.4B 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

$9.9B

YoY-5.3%

5Y CAGR+3.1%

Wipro generated $9.9B in revenue in fiscal year 2026. This represents a decrease of 5.3% from the prior year.

EBITDA

N/A

Net Income

$1.4B

YoY-8.6%

5Y CAGR-1.0%

Wipro reported $1.4B in net income in fiscal year 2026. This represents a decrease of 8.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$1.4B

YoY-21.3%

5Y CAGR-4.0%

Wipro generated $1.4B in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 21.3% from the prior year.

Cash & Debt

$1.1B

YoY-21.2%

5Y CAGR-13.5%

Wipro held $1.1B in cash against $281.0M in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

10.49B

YoY+0.2%

5Y CAGR+13.9%

Wipro had 10.49B shares outstanding in fiscal year 2026. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

14.3%

YoY-0.5pp

5Y CAGR-3.2pp

Wipro's net profit margin was 14.3% in fiscal year 2026, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.

Return on Equity

14.9%

YoY-1.0pp

5Y CAGR-4.6pp

Wipro's ROE was 14.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$166.0M

YoY-4.0%

5Y CAGR-9.1%

Wipro invested $166.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 4.0% from the prior year.

WIT Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$9.9B-5.3%	$10.4B-3.2%	$10.8B-2.2%	$11.0B+5.6%	$10.4B+23.1%	$8.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$434.0M-13.4%	$501.0M+15.7%	$433.0M+4.6%	$414.0M+8.4%	$382.0M-8.0%	$415.0M
Net Income	$1.4B-8.6%	$1.5B+16.1%	$1.3B-3.6%	$1.4B-14.2%	$1.6B+8.5%	$1.5B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WIT Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$15.1B+0.5%	$15.1B+8.9%	$13.8B-3.3%	$14.3B+0.6%	$14.2B+25.1%	$11.4B
Current Assets	$8.8B-3.3%	$9.1B+16.6%	$7.8B-2.9%	$8.0B-1.7%	$8.2B+14.4%	$7.2B
Cash & Equivalents	$1.1B-21.2%	$1.4B+22.8%	$1.2B+4.0%	$1.1B-18.3%	$1.4B-41.0%	$2.3B
Inventory	$6.0M-25.0%	$8.0M-27.3%	$11.0M-21.4%	$14.0M-22.2%	$18.0M+20.0%	$15.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.1B+8.5%	$3.8B+0.3%	$3.8B+1.2%	$3.7B+15.1%	$3.3B+71.1%	$1.9B
Total Liabilities	$5.7B+6.1%	$5.3B+10.8%	$4.8B+0.5%	$4.8B-13.5%	$5.5B+46.5%	$3.8B
Current Liabilities	$4.3B+28.2%	$3.4B+10.6%	$3.0B-7.0%	$3.3B-19.8%	$4.1B+29.2%	$3.1B
Long-Term Debt	$281.0M+8.1%	$260.0M+54.8%	$168.0M-13.4%	$194.0M-3.0%	$200.0M+90.5%	$105.0M
Total Equity	$9.5B-2.6%	$9.7B+7.8%	$9.0B-5.2%	$9.5B+9.6%	$8.7B+14.5%	$7.6B
Retained Earnings	$7.8B-6.6%	$8.4B+10.8%	$7.6B-5.9%	$8.0B+10.7%	$7.3B+13.9%	$6.4B

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Total Assets	$15.1B+8.9%	$13.8B-3.3%	$14.3B+0.6%	$14.2B+25.1%	$11.4B+4.9%	$10.8B-10.0%	$12.0B+3.1%	$11.7B
Current Assets	$9.1B+16.6%	$7.8B-2.9%	$8.0B-1.7%	$8.2B+14.4%	$7.2B+3.7%	$6.9B-16.6%	$8.3B+6.4%	$7.8B
Cash & Equivalents	$1.4B+22.8%	$1.2B+4.0%	$1.1B-18.3%	$1.4B-41.0%	$2.3B+21.1%	$1.9B-16.4%	$2.3B+232.2%	$690.0M
Inventory	$8.0M-27.3%	$11.0M-21.4%	$14.0M-22.2%	$18.0M+20.0%	$15.0M-40.0%	$25.0M-56.1%	$57.0M+9.6%	$52.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$3.8B+0.3%	$3.8B+1.2%	$3.7B+15.1%	$3.3B+71.1%	$1.9B+9.4%	$1.7B+2.8%	$1.7B-6.4%	$1.8B
Total Liabilities	$5.3B+10.8%	$4.8B+0.5%	$4.8B-13.5%	$5.5B+46.5%	$3.8B+10.7%	$3.4B-9.9%	$3.8B-10.3%	$4.2B
Current Liabilities	$3.4B+10.6%	$3.0B-7.0%	$3.3B-19.8%	$4.1B+29.2%	$3.1B+9.6%	$2.9B-7.4%	$3.1B-5.5%	$3.3B
Long-Term Debt	$260.0M+54.8%	$168.0M-13.4%	$194.0M-3.0%	$200.0M+90.5%	$105.0M+20.7%	$87.0M	N/A	N/A
Total Equity	$9.7B+7.8%	$9.0B-5.2%	$9.5B+9.6%	$8.7B+14.5%	$7.6B+2.2%	$7.4B-10.1%	$8.3B+10.7%	$7.5B
Retained Earnings	$8.4B+10.8%	$7.6B-5.9%	$8.0B+10.7%	$7.3B+13.9%	$6.4B-7.5%	$6.9B-10.8%	$7.7B+11.0%	$7.0B

WIT Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$1.6B-19.8%	$2.0B-6.2%	$2.1B+33.0%	$1.6B+8.8%	$1.5B-27.7%	$2.0B
Capital Expenditures	$166.0M-4.0%	$173.0M+37.3%	$126.0M-30.0%	$180.0M-32.3%	$266.0M-0.7%	$268.0M
Free Cash Flow	$1.4B-21.3%	$1.8B-9.0%	$2.0B+41.1%	$1.4B+18.0%	$1.2B-31.8%	$1.8B
Investing Cash Flow	-$356.0M+62.3%	-$945.0M-775.0%	$140.0M+113.7%	-$1.0B+65.4%	-$3.0B-2917.1%	$105.0M
Financing Cash Flow	-$1.5B-100.9%	-$749.0M+65.8%	-$2.2B-195.7%	-$741.0M-220.7%	$614.0M+134.8%	-$1.8B
Dividends Paid	$1.2B+67.3%	$734.0M+1065.1%	$63.0M-84.2%	$399.0M+454.2%	$72.0M-4.0%	$75.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WIT Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	14.3%-0.5pp	14.8%+2.5pp	12.4%-0.2pp	12.6%-2.9pp	15.5%-2.1pp	17.5%
Return on Equity	14.9%-1.0pp	15.9%+1.1pp	14.8%+0.3pp	14.5%-4.0pp	18.6%-1.0pp	19.6%
Return on Assets	9.3%-0.9pp	10.3%+0.6pp	9.6%-0.0pp	9.7%-1.7pp	11.3%-1.7pp	13.1%
Current Ratio	2.05-0.7	2.72+0.1	2.58+0.1	2.47+0.5	2.01-0.3	2.27
Debt-to-Equity	0.030.0	0.030.0	0.020.0	0.020.0	0.020.0	0.01
FCF Margin	14.4%-2.9pp	17.4%-1.1pp	18.5%+5.7pp	12.8%+1.3pp	11.5%-9.2pp	20.7%

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.72+0.1	2.58+0.1	2.47+0.5	2.01-0.3	2.27-0.1	2.40-0.3	2.67+0.3	2.37
Debt-to-Equity	0.030.0	0.020.0	0.020.0	0.020.0	0.010.0	0.01-0.4	0.46-0.1	0.57
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Wipro's annual revenue?

Wipro (WIT) reported $9.9B in total revenue for fiscal year 2026. This represents a -5.3% 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 Wipro's revenue growing?

Wipro (WIT) revenue declined by 5.3% year-over-year, from $10.4B to $9.9B in fiscal year 2026.

Is Wipro profitable?

Yes, Wipro (WIT) reported a net income of $1.4B in fiscal year 2026, with a net profit margin of 14.3%.

How much debt does Wipro have?

As of fiscal year 2026, Wipro (WIT) had $1.1B in cash and equivalents against $281.0M in long-term debt.

What is Wipro's net profit margin?

Wipro (WIT) had a net profit margin of 14.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

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

Wipro (WIT) has a return on equity of 14.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Wipro's free cash flow?

Wipro (WIT) generated $1.4B in free cash flow during fiscal year 2026. This represents a -21.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Wipro's operating cash flow?

Wipro (WIT) generated $1.6B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Wipro's total assets?

Wipro (WIT) had $15.1B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Wipro's capital expenditures?

Wipro (WIT) invested $166.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How many shares does Wipro have outstanding?

Wipro (WIT) had 10.49B shares outstanding as of fiscal year 2026.

What is Wipro's current ratio?

Wipro (WIT) had a current ratio of 2.05 as of fiscal year 2026, which is generally considered healthy.

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

Wipro (WIT) had a debt-to-equity ratio of 0.03 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Wipro (WIT) had a return on assets of 9.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Wipro's Piotroski F-Score?

Wipro (WIT) has a Piotroski F-Score of 3 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 Wipro's earnings high quality?

Wipro (WIT) has an earnings quality ratio of 1.13x, 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.

How financially healthy is Wipro?

Wipro (WIT) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.