Infosys Ltd ADR (INFY) financial statements
Infosys Ltd ADR reported revenue of $19.3B in fiscal 2025, up 8.2% a year over 9 years.
Net income was $3.2B and the operating margin 21.1%, against 25.0% in 2016.
The diluted share count fell 9% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Infosys Ltd ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.5B | $10.2B | $10.9B | $11.8B | $12.8B | $13.6B | $16.3B | $18.2B | $18.6B | $19.3B |
| Cost of revenue | $6.0B | $6.4B | $7.0B | $7.7B | $8.6B | $8.8B | $11.0B | $12.7B | $13.0B | $13.4B |
| Gross profit | $3.6B | $3.8B | $3.9B | $4.1B | $4.2B | $4.7B | $5.3B | $5.5B | $5.6B | $5.9B |
| Research and development | $108M | $118M | $116M | $110M | $117M | $127M | $124M | $129M | $135M | $153M |
| Selling, general and admin | $654M | $707M | $727M | $778M | $840M | $784M | $868M | $902M | $911M | $903M |
| Operating income | $2.4B | $2.5B | $2.7B | $2.7B | $2.7B | $3.3B | $3.8B | $3.8B | $3.8B | $4.1B |
| Interest expense | — | — | — | — | $24M | $26M | $27M | $35M | $56M | $49M |
| Pre-tax income | $2.9B | $3.0B | $3.1B | $3.0B | $3.1B | $3.6B | $4.0B | $4.1B | $4.3B | $4.4B |
| Income tax | $799M | $834M | $657M | $803M | $757M | $973M | $1.1B | $1.1B | $1.2B | $1.3B |
| Net income | $2.1B | $2.1B | $2.5B | $2.2B | $2.3B | $2.6B | $3.0B | $3.0B | $3.2B | $3.2B |
| EPS (diluted) | $0.45 | $0.47 | $0.55 | $0.51 | $0.55 | $0.61 | $0.70 | $0.71 | $0.76 | $0.76 |
| Diluted shares | 4.57B | 4.57B | 4.52B | 4.35B | 4.27B | 4.25B | 4.22B | 4.19B | 4.14B | 4.15B |
| Gross margin | 37.4% | 36.9% | 36.0% | 34.9% | 33.1% | 34.9% | 32.6% | 30.2% | 30.1% | 30.5% |
| Operating margin | 25.0% | 24.7% | 24.3% | 22.8% | 21.3% | 24.5% | 23.0% | 21.0% | 20.7% | 21.1% |
| Net margin | 21.6% | 21.0% | 22.7% | 18.6% | 18.2% | 19.3% | 18.2% | 16.4% | 17.1% | 16.4% |
Balance sheet
Fiscal years, from Infosys Ltd ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $5.0B | $4.0B | $3.8B | $3.1B | $3.7B | $3.2B | $2.3B | $3.3B | $4.3B |
| Receivables | — | — | — | — | — | $2.6B | $3.0B | $3.1B | $3.6B | $3.6B |
| Total current assets | — | $8.3B | $7.7B | $7.6B | $7.2B | $8.3B | $8.9B | $8.6B | $10.7B | $11.4B |
| Property, plant and equipment | $1.6B | $1.8B | $1.9B | $1.9B | $1.8B | $1.9B | $1.8B | $1.7B | $1.5B | $1.5B |
| Goodwill | $568M | $563M | $339M | $512M | $699M | $832M | $817M | $882M | $875M | $1.2B |
| Total assets | — | $12.9B | $12.3B | $12.3B | $12.3B | $14.8B | $15.6B | $15.3B | $16.5B | $17.4B |
| Total current liabilities | — | $2.2B | $2.2B | $2.7B | $2.8B | $3.3B | $4.4B | $4.8B | $4.7B | $5.0B |
| Total liabilities | — | $2.2B | $2.3B | $2.9B | $3.6B | $4.3B | $5.6B | $6.1B | $5.9B | $6.2B |
| Shareholders' equity | $9.3B | $10.6B | $10.0B | $9.4B | $8.6B | $10.4B | $9.9B | $9.2B | $10.6B | $11.2B |
| Net debt | — | -$3.5B | -$3.0B | -$2.8B | -$2.5B | -$3.4B | -$2.3B | -$1.5B | -$1.8B | -$2.9B |
Cash flow
Fiscal years, from Infosys Ltd ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.9B | $2.1B | $2.3B | $2.3B | $2.6B | $3.3B | $3.3B | $2.9B | $3.1B | $4.4B |
| Capital spending | $413M | $411M | $310M | $349M | $465M | — | — | — | — | — |
| Free cash flow | $1.4B | $1.7B | $1.9B | $1.9B | $2.1B | — | — | — | — | — |
| Stock-based compensation | $1M | $17M | $13M | $29M | $34M | $45M | $56M | $64M | $79M | $95M |
| Dividends paid | $1.1B | $1.0B | $1.2B | $2.0B | $1.4B | $1.2B | $1.7B | $1.7B | $1.8B | $2.4B |
| Share buybacks (net) | — | — | -$2.0B | -$118M | -$1.1B | — | -$1.5B | -$1.4B | — | — |
| Free cash flow margin | 15.3% | 16.5% | 17.8% | 16.2% | 16.8% | — | — | — | — | — |
| Dividends per share | $0.23 | $0.23 | $0.26 | $0.45 | $0.32 | $0.29 | $0.40 | $0.41 | $0.43 | $0.58 |
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What was Infosys Ltd ADR's revenue in 2025?
$19.3B in fiscal 2025, from its 10-K filing.
From Infosys Ltd ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.