Infosys Limited (INFY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q1'22 |
|---|
| Sales/Revenue | 5.04B | 5.1B | 5.08B | 4.94B | 4.73B | 4.94B | 4.89B | 4.71B | 4.57B | 4.66B | 4.72B | 4.62B | 4.55B | 4.66B | 4.55B | 4.44B | 4.28B | 4.25B | 4B | 3.78B |
| Revenue Growth % | 6.55% | 3.24% | 3.72% | 4.82% | 3.61% | 5.92% | 3.73% | 2.1% | 0.22% | 0.09% | 3.58% | 3.89% | 6.43% | 9.62% | 13.93% | 17.5% | 18.46% | 20.88% | 20.71% | 21.18% |
| Cost of Goods Sold | 3.48B | 3.66B | 3.52B | 3.42B | 3.3B | 3.44B | 3.4B | 3.26B | 3.22B | 3.27B | 3.27B | 3.21B | 3.17B | 3.23B | 3.17B | 3.14B | 2.96B | 2.86B | 2.67B | 2.51B |
| COGS % of Revenue | 69.15% | 71.78% | 69.27% | 69.14% | 69.81% | 69.73% | 69.47% | 69.13% | 70.54% | 70.21% | 69.33% | 69.55% | 69.48% | 69.33% | 69.59% | 70.75% | 69.04% | 67.2% | 66.91% | 66.34% |
| Gross Profit | 1.55B | 1.44B | 1.56B | 1.52B | 1.43B | 1.5B | 1.49B | 1.46B | 1.34B | 1.39B | 1.45B | 1.41B | 1.39B | 1.43B | 1.39B | 1.3B | 1.32B | 1.39B | 1.32B | 1.27B |
| Gross Margin % | 30.85% | 28.22% | 30.73% | 30.86% | 30.19% | 30.27% | 30.53% | 30.87% | 29.46% | 29.79% | 30.67% | 30.45% | 30.52% | 30.67% | 30.41% | 29.25% | 30.96% | 32.8% | 33.09% | 33.66% |
| Gross Profit Growth % | 8.89% | -3.75% | 4.42% | 4.81% | 6.17% | 7.63% | 3.25% | 3.49% | -3.24% | -2.8% | 4.48% | 8.15% | 4.91% | 2.51% | 4.69% | 2.12% | 5.49% | 12.33% | 11.46% | 21.24% |
| Operating Expenses | 500M | 502M | 495M | 497M | 437M | 442M | 461M | 461M | 428M | 433M | 447M | 445M | 433M | 428M | 406M | 412M | 405M | 396M | 382M | 377M |
| OpEx % of Revenue | 9.92% | 9.85% | 9.75% | 10.06% | 9.24% | 8.95% | 9.42% | 9.78% | 9.38% | 9.29% | 9.47% | 9.64% | 9.51% | 9.19% | 8.91% | 9.27% | 9.46% | 9.32% | 9.55% | 9.97% |
| Selling, General & Admin | 500M | 502M | 454M | 497M | 404M | 403M | 430M | 461M | 253M | 433M | 447M | 445M | 382M | 428M | 364M | 368M | 363M | 356M | 382M | 334M |
| SG&A % of Revenue | 9.92% | 9.85% | 8.94% | 10.06% | 8.54% | 8.16% | 8.79% | 9.78% | 5.54% | 9.29% | 9.47% | 9.64% | 8.39% | 9.19% | 7.99% | 8.28% | 8.48% | 8.38% | 9.55% | 8.83% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 0 | 0 | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 1000K |
| Operating Income | 1.05B | 937M | 1.06B | 1.03B | 991M | 1.05B | 1.03B | 994M | 917M | 956M | 1B | 961M | 957M | 1B | 979M | 888M | 920M | 998M | 941M | 896M |
| Operating Margin % | 20.93% | 18.38% | 20.98% | 20.81% | 20.95% | 21.32% | 21.11% | 21.09% | 20.09% | 20.5% | 21.2% | 20.81% | 21.01% | 21.49% | 21.49% | 19.98% | 21.5% | 23.48% | 23.54% | 23.69% |
| Operating Income Growth % | 6.46% | -11.02% | 3.1% | 3.42% | 8.07% | 10.15% | 3.3% | 3.43% | -4.18% | -4.5% | 2.15% | 8.22% | 4.02% | 0.3% | 4.04% | -0.89% | 4.07% | 11.76% | 12.02% | 26.55% |
| EBITDA | 1.21B | 1.07B | 1.2B | 1.16B | 1.14B | 1.2B | 1.12B | 1.08B | 1.06B | 1.05B | 1.09B | 1.1B | 1.09B | 1.14B | 1.11B | 1.01B | 1.04B | 1.12B | 1.06B | 1.01B |
| EBITDA Margin % | 23.99% | 20.93% | 23.64% | 23.5% | 24.12% | 24.2% | 22.97% | 22.91% | 23.16% | 22.47% | 23.17% | 23.91% | 24% | 24.42% | 24.32% | 22.75% | 24.26% | 26.3% | 26.44% | 26.66% |
| EBITDA Growth % | 5.96% | -10.75% | 6.76% | 7.5% | 7.94% | 14.07% | 2.84% | -2.15% | -3.31% | -7.9% | -1.35% | 9.17% | 5.3% | 1.78% | 4.82% | 0.26% | 4.04% | 11.24% | 10.67% | 24.8% |
| D&A (Non-Cash Add-back) | 154M | 130M | 135M | 133M | 149.96M | 142.46M | 91M | 86M | 140.06M | 92M | 93M | 142.71M | 136.3M | 136.83M | 128.93M | 123.04M | 118.29M | 119.95M | 115.94M | 112.4M |
| EBIT | 1.18B | 1.05B | 1.18B | 1.15B | 1.13B | 1.16B | 1.12B | 1.09B | 1.49B | 1.05B | 1.07B | 1.03B | 1.04B | 1.1B | 1.05B | 975M | 1B | 1.07B | 1.01B | 980M |
| Net Interest Income | -12M | 55.9M | 72M | 84M | 71.46M | 58M | 57.66M | 67.13M | 55.52M | 43.11M | 57.66M | 52M | 42M | 45M | 49M | 55M | 48M | 39M | 48M | 59M |
| Interest Income | 0 | 67.12M | 84M | 95.93M | 83.23M | 70M | 70.55M | 79.72M | 68.76M | 58.85M | 70.55M | 62.9M | 52M | 55M | 57M | 62M | 55M | 46M | 54M | 66M |
| Interest Expense | 12M | 11.22M | 12M | 12.27M | 11.78M | 12M | 12.89M | 12.59M | 13.25M | 15.73M | 12.89M | 10.95M | 10M | 10M | 8M | 7M | 7M | 7M | 6M | 7M |
| Other Income/Expense | 113M | 98M | 100M | 110M | 127M | 90M | 72M | 88M | 316.18M | 79M | 60M | 57M | 72M | 84M | 65M | 80M | 78M | 61M | 65M | 77M |
| Pretax Income | 1.17B | 1.03B | 1.17B | 1.14B | 1.12B | 1.14B | 1.1B | 1.08B | 1.23B | 1.03B | 1.06B | 1.02B | 1.03B | 1.08B | 1.04B | 968M | 998M | 1.06B | 1.01B | 973M |
| Pretax Margin % | 23.17% | 20.3% | 22.95% | 23.03% | 23.64% | 23.14% | 22.58% | 22.95% | 27.01% | 22.2% | 22.47% | 22.05% | 22.59% | 23.29% | 22.92% | 21.78% | 23.32% | 24.92% | 25.16% | 25.73% |
| Income Tax | 248M | 287.68M | 325M | 329.02M | 304M | 337M | 327M | 318M | 272.77M | 301M | 309M | 294M | 284M | 285M | 295M | 279M | 245M | 283M | 272M | 268M |
| Effective Tax Rate % | 21.23% | 27.8% | 27.9% | 28.91% | 27.19% | 29.48% | 29.59% | 29.39% | 22.12% | 29.08% | 29.15% | 28.88% | 27.6% | 26.27% | 28.26% | 28.82% | 24.55% | 26.72% | 27.04% | 27.54% |
| Net Income | 919M | 746.87M | 839M | 808.65M | 811.88M | 804M | 777M | 763M | 959M | 733M | 751M | 724M | 744M | 800M | 748M | 689M | 752M | 774M | 733M | 704M |
| Net Margin % | 18.23% | 14.65% | 16.53% | 16.37% | 17.16% | 16.28% | 15.88% | 16.19% | 21.01% | 15.72% | 15.92% | 15.68% | 16.33% | 17.17% | 16.42% | 15.5% | 17.57% | 18.21% | 18.33% | 18.61% |
| Net Income Growth % | 13.19% | -7.11% | 7.98% | 5.98% | -15.34% | 9.69% | 3.46% | 5.39% | 28.9% | -8.38% | 0.4% | 5.08% | -1.06% | 3.36% | 2.05% | -2.13% | 7.89% | 9.79% | 12.25% | 26.16% |
| Net Income (Continuing) | 920M | 748.22M | 840M | 809M | 814M | 806M | 778M | 764M | 960M | 734M | 751M | 724M | 745M | 800M | 749M | 689M | 753M | 776M | 734M | 705M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 54M | 47.51M | 53M | 46.64M | 45.04M | 49M | 49M | 41.85M | 41.37M | 51M | 51M | 52M | 52M | 51M | 49M | 50M | 53M | 52M | 57M | 61M |
| EPS (Diluted) | 0.23 | 0.18 | 0.20 | 0.19 | 0.20 | 0.19 | 0.19 | 0.18 | 0.23 | 0.18 | 0.18 | 0.17 | 0.18 | 0.19 | 0.18 | 0.16 | 0.18 | 0.18 | 0.17 | 0.17 |
| EPS Growth % | 15% | -5.26% | 5.26% | 5.56% | -13.04% | 5.56% | 5.56% | 5.88% | 27.78% | -5.26% | 0% | 6.25% | 0% | 5.56% | 5.88% | -5.88% | 12.5% | 5.88% | 13.33% | 30.77% |
| EPS (Basic) | 0.23 | 0.18 | 0.21 | 0.20 | 0.20 | 0.19 | 0.19 | 0.18 | 0.23 | 0.18 | 0.18 | 0.17 | 0.18 | 0.19 | 0.18 | 0.16 | 0.18 | 0.18 | 0.17 | 0.17 |
| Diluted Shares Outstanding | 4B | 4.12B | 4.26B | 4.15B | 4.07B | 4.23B | 4.09B | 4.15B | 4.15B | 4.14B | 4.14B | 4.14B | 4.15B | 4.2B | 4.16B | 4.2B | 4.2B | 4.2B | 4.31B | 4.25B |
| Basic Shares Outstanding | 4B | 4.11B | 4.04B | 4.14B | 4.07B | 4.23B | 4.09B | 4.14B | 4.14B | 4.14B | 4.14B | 4.14B | 4.14B | 4.19B | 4.16B | 4.19B | 4.19B | 4.19B | 4.21B | 4.25B |
| Dividend Payout Ratio | - | 143.26% | 0.12% | 92.7% | 3.71% | 129.04% | 178.53% | - | 0.14% | 121.96% | 117.07% | 0.02% | 1.95% | 105.13% | 2.09% | 124.24% | 0.41% | 108.79% | 0.38% | 122.3% |