Last 48 quarters of trend data · Technology · Information Technology Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 12.96 | 13.11 | 14.68 | 24.75 | 20.34 | 24.38 | 22.81 | 28.84 | 29.30 | 25.86 | 19.49 | 25.53 | 23.76 | 23.63 | 24.22 | 23.70 | 23.57 | 28.92 | 34.57 | 35.15 | 32.72 |
| — | -46.2% | -35.6% | -14.2% | -30.6% | -5.7% | +17.1% | +13.0% | +23.3% | +9.4% | -19.5% | +7.7% | +0.8% | -18.3% | -29.9% | -32.6% | -28.0% | -7.2% | +18.2% | +41.0% | +42.2% | |
| P/S Ratio | 2.17 | 2.11 | 2.68 | 3.60 | 3.41 | 3.89 | 3.92 | 4.70 | 4.65 | 4.10 | 4.07 | 4.08 | 3.76 | 3.60 | 3.97 | 4.05 | 3.87 | 4.37 | 6.11 | 6.25 | 6.00 |
| — | -45.7% | -31.7% | -23.3% | -26.7% | -5.0% | -3.7% | +15.0% | +23.9% | +13.6% | +2.5% | +0.7% | -3.0% | -17.6% | -34.9% | -35.1% | -35.5% | -26.6% | +10.9% | +22.0% | +35.4% | |
| P/B Ratio | 4.37 | 4.44 | 5.49 | 7.91 | 5.93 | 6.92 | 6.59 | 8.96 | 8.40 | 7.72 | 7.01 | 7.88 | 7.25 | 7.30 | 7.85 | 8.37 | 7.14 | 8.28 | 10.46 | 11.32 | 10.12 |
| — | -35.8% | -16.8% | -11.7% | -29.5% | -10.4% | -5.9% | +13.7% | +15.8% | +5.8% | -10.7% | -5.9% | +1.6% | -11.9% | -25.0% | -26.0% | -29.5% | -10.6% | +38.0% | +55.0% | +67.1% | |
| P/FCF | 11.70 | 11.07 | 16.20 | 20.07 | 15.73 | 21.75 | 20.79 | 17.87 | 26.29 | 17.65 | 21.91 | 28.63 | 25.44 | 22.71 | 25.37 | 32.80 | 29.93 | 29.62 | 34.34 | 36.95 | 33.69 |
| — | -49.1% | -22.1% | +12.3% | -40.2% | +23.2% | -5.1% | -37.6% | +3.4% | -22.3% | -13.7% | -12.7% | -15.0% | -23.4% | -26.1% | -11.2% | -11.1% | +13.5% | +37.9% | +58.4% | +54.8% | |
| EV / EBITDA | 9.12 | 8.64 | 10.88 | 16.92 | 13.90 | 16.02 | 15.84 | 19.05 | 19.85 | 17.59 | 17.39 | 18.03 | 16.02 | 14.97 | 16.44 | 16.50 | 15.68 | 18.97 | 24.79 | 23.45 | 22.28 |
| — | -46.0% | -31.3% | -11.2% | -30.0% | -8.9% | -8.9% | +5.7% | +23.9% | +17.5% | +5.8% | +9.3% | +2.1% | -21.1% | -33.7% | -29.6% | -29.6% | -13.0% | +28.6% | +35.2% | +51.2% | |
| EV / EBIT | 10.35 | 8.84 | 11.15 | 17.26 | 14.17 | 16.17 | 16.03 | 19.72 | 19.95 | 17.36 | 12.38 | 17.98 | 16.32 | 16.06 | 17.32 | 17.13 | 16.51 | 19.67 | 25.61 | 24.59 | 23.28 |
| — | -45.3% | -30.5% | -12.5% | -29.0% | -6.9% | +29.5% | +9.7% | +22.3% | +8.1% | -28.5% | +5.0% | -1.2% | -18.4% | -32.4% | -30.3% | -29.0% | -12.3% | +57.2% | +37.7% | +51.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.2% | 31.5% | 30.9% | 28.2% | 30.7% | 30.9% | 30.2% | 30.3% | 30.5% | 30.9% | 29.5% | 29.8% | 30.7% | 30.5% | 30.5% | 30.7% | 30.4% | 29.3% | 31.0% | 32.8% | 33.1% |
| — | +2.0% | +2.2% | -6.8% | +0.7% | -0.0% | +2.5% | +1.6% | -0.5% | +1.4% | -3.4% | -2.9% | +0.9% | +4.1% | -1.4% | -6.5% | -8.1% | -13.1% | -10.9% | -7.1% | -7.7% | |
| Operating Margin | 20.3% | 21.1% | 20.9% | 18.4% | 21.0% | 20.8% | 21.0% | 21.3% | 21.1% | 21.1% | 20.1% | 20.5% | 21.2% | 20.8% | 21.0% | 21.5% | 21.5% | 20.0% | 21.5% | 23.5% | 23.5% |
| — | +1.4% | -0.1% | -13.8% | -0.6% | -1.3% | +4.3% | +4.0% | -0.4% | +1.3% | -4.4% | -4.6% | -1.4% | +4.2% | -2.3% | -8.5% | -8.7% | -15.7% | -12.1% | -7.5% | -7.2% | |
| Net Margin | 16.4% | 16.1% | 18.2% | 14.6% | 16.5% | 16.4% | 17.2% | 16.3% | 15.9% | 16.2% | 21.0% | 15.7% | 15.9% | 15.7% | 16.3% | 17.2% | 16.4% | 15.5% | 17.6% | 18.2% | 18.3% |
| — | -1.5% | +6.2% | -10.0% | +4.1% | +1.1% | -18.3% | +3.6% | -0.3% | +3.2% | +28.6% | -8.5% | -3.1% | +1.1% | -7.0% | -5.7% | -10.4% | -16.7% | -8.9% | -9.2% | -7.0% |
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 31.4% | 8.4% | 9.6% | 7.1% | 7.4% | 7.2% | 7.5% | 7.6% | 7.5% | 7.4% | 9.5% | 7.5% | 8.0% | 7.9% | 8.2% | 8.5% | 7.8% | 7.1% | 7.8% | 8.2% | 7.6% |
| — | +16.1% | +27.9% | -6.1% | -1.3% | -2.4% | -20.6% | +0.6% | -6.2% | -6.2% | +16.0% | -10.9% | +2.4% | +11.0% | +5.1% | +3.1% | +1.7% | +2.2% | +13.4% | +13.7% | +8.1% | |
| ROA | 19.6% | 5.0% | 5.7% | 4.4% | 4.7% | 4.6% | 4.8% | 4.8% | 4.5% | 4.5% | 6.0% | 4.7% | 4.7% | 4.6% | 4.9% | 5.2% | 4.9% | 4.5% | 5.0% | 5.3% | 5.1% |
| — | +7.6% | +17.8% | -9.3% | +4.0% | +2.7% | -19.3% | +3.3% | -4.1% | -2.3% | +22.5% | -9.6% | -2.3% | +3.2% | -2.1% | -3.0% | -3.9% | -5.9% | +2.4% | +3.2% | +2.1% | |
| ROIC | 34.4% | 9.6% | 9.6% | 8.2% | 9.0% | 8.6% | 8.2% | 8.9% | 8.7% | 8.0% | 7.3% | 8.0% | 8.5% | 8.3% | 8.3% | 8.6% | 8.5% | 7.9% | 8.4% | 9.5% | 9.2% |
| — | +11.7% | +16.4% | -8.4% | +3.2% | +7.1% | +13.2% | +12.0% | +2.1% | -3.2% | -12.3% | -7.6% | +0.2% | +4.4% | -1.6% | -9.6% | -7.7% | -9.1% | -2.2% | +5.5% | +3.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.10 | 0.10 | 0.11 | 0.08 | 0.06 | 0.09 | 0.09 | 0.07 | 0.07 | 0.09 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.08 | 0.08 | 0.07 | 0.08 | 0.07 |
| — | +53.1% | +15.0% | +13.7% | +20.9% | -15.7% | -9.5% | -14.7% | -33.8% | -34.7% | -13.7% | +5.2% | +29.7% | +38.7% | +51.6% | +35.7% | +11.0% | +15.0% | +4.2% | +8.5% | +10.8% | |
| Debt / EBITDA | 0.21 | 0.77 | 0.80 | 0.92 | 0.82 | 0.60 | 0.84 | 0.80 | 0.67 | 0.69 | 0.95 | 1.00 | 0.94 | 0.94 | 0.92 | 0.82 | 0.72 | 0.76 | 0.70 | 0.64 | 0.66 |
| — | +28.5% | -5.1% | +14.2% | +22.2% | -12.9% | -11.1% | -19.9% | -28.6% | -26.9% | +2.6% | +22.3% | +30.1% | +23.5% | +32.9% | +28.2% | +10.4% | +10.7% | -4.7% | -7.1% | -2.0% | |
| Current Ratio | 1.98 | 1.86 | 1.98 | 1.79 | 2.28 | 2.18 | 2.27 | 2.13 | 2.19 | 1.89 | 2.31 | 1.99 | 1.98 | 1.67 | 1.81 | 1.76 | 2.01 | 1.87 | 2.00 | 1.94 | 2.17 |
| — | -14.6% | -12.7% | -15.9% | +4.0% | +15.3% | -1.7% | +7.3% | +10.6% | +13.6% | +27.5% | +13.0% | -1.2% | -10.9% | -9.6% | -9.6% | -7.4% | -10.6% | -21.4% | -25.3% | -21.8% | |
| Quick Ratio | 1.98 | 1.86 | 1.98 | 1.79 | 2.28 | 2.18 | 2.27 | 2.13 | 2.19 | 1.89 | 2.31 | 1.98 | 1.98 | 1.67 | 1.81 | 1.76 | 2.01 | 1.87 | 2.00 | 1.94 | 2.17 |
| — | -14.6% | -12.7% | -15.9% | +4.0% | +15.3% | -1.7% | +7.4% | +10.6% | +13.6% | +27.5% | +12.9% | -1.1% | -10.9% | -9.6% | -9.6% | -7.5% | -10.6% | -21.4% | -25.3% | -21.8% | |
| Interest Coverage | 96.87 | 93.58 | 98.33 | 93.21 | 98.08 | 93.76 | 95.73 | 96.25 | 86.71 | 86.96 | 112.10 | 66.79 | 83.22 | 93.97 | 103.80 | 109.60 | 131.50 | 139.29 | 143.57 | 152.29 | 168.62 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying INFY stock.
Infosys Limited's current P/E is 13.0x. The average P/E over the last 4 quarters is 18.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Infosys Limited's current operating margin is 20.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Infosys Limited's business trajectory between earnings reports.