Skip to main content Skip to footer

Integrated Annual Report
2025-2026

From possibilities to enterprise AI impact

There's a particular moment, in every technology shift, when the conversation changes. The question stops being whether the technology is real, or whether it matters, or whether the enterprise should pay attention. Those questions get answered. What replaces them is harder, and more honest. Where is the value? Who is realizing it? And what does it take to claim it at scale? That moment, for AI, is now.

Liberty Global – AI-powered customer experience improvement with Infosys

Liberty Global

From AI experiments to enterprise impact: How Liberty Global is improving customer experience with Infosys.

Learn more
Hertz – 60% faster workflow modernisation using AI-first code engineering with Infosys

Hertz

Hertz modernized critical workflows 60% faster with AI-first code engineering.

Learn more
Mondelēz – End-to-end supply chain traceability with EdgeVerve AI Next

Mondelēz

Mondelēz International establishes an end-to-end traceability reporting capability with EdgeVerve AI Next.

Learn more
Microsoft – 40% faster root cause analysis through Infosys AI-led mission-critical support

Microsoft

Microsoft cut root cause analysis turnaround by 40% through Infosys’ AI-led mission-critical support

Learn more
ABN AMRO – Enterprise content operations modernisation with Infosys

ABN AMRO

ABN AMRO collaborates with Infosys to modernize its enterprise content operations

Learn more
2 / 5
Nandan M. Nilekani Chairman
Performance overview

Chairman's message

The age of orchestration

Whenever there is a major technology transition, questions are asked of Infosys. Whether we will master the transition, continue to be relevant, establish a defensible position, and maintain growth and margins. Given that AI is a much larger and disruptive technology transition than ever before, the questions, and even doubts, are louder and more insistent.

Download
Salil Parekh Chief Executive Officer
and Managing Director
Performance overview

Letter to the
shareholder

Last year marked an inflection point as AI began evolving from experimentation to enterprise-scale adoption. At Infosys, we acted early and decisively to lead this transition – shifting our portfolio, investing in talent, and scaling partnerships to help clients unlock value from AI at speed and scale. Infosys is emerging as a leader in AI services, with AI-led programs now deployed across 90% of our top 200 clients and rapidly scaling across industries.

Download
Performance overview

FY 2026 Business
Highlights

Revenue crosses $20 billion mark with resilient growth in fiscal 2026

Download
Revenues
₹ 1,78,650 cr
9.6% growth Y-o-Y
3.1% CC growth Y-o-Y
Dividend per share (in ₹)
48.0
11.6% growth Y-o-Y
Free cashflow growth (2)
₹ 33,097 cr
FCF conversion at 112.3% of net profit
Buyback completed
₹ 18,000 cr
at a price of ₹ 1,800 per share
Basic earnings per share (Par value of ₹5 each)
71.58
11.0% growth Y-o-Y
Return on equity
31.6%
Improved by 2.6% over the last fiscal
Adjusted operating margin(3)
21.0%
Robust operating margin
Large deal TCV (Total contract value in US$ billion)
14.9 with net new of 55%
Sustained momentum in large deal wins continues
Consolidated cash and investments (1)
₹ 43,075 cr
Continue to maintain strong liquidity position
Number of US$ 50 million + Clients
88
Strong client metrics with increase of 3 clients Y-o-Y

Notes:

(1) Comprise cash and cash equivalents, current and non-current investments excluding investments in equity and preference shares, and others.

(2) Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the Consolidated Statement of Cash Flows prepared under IFRS.

(3) Excludes the effect of, the provisions of The Labour Codes notified by The Government of India on November 21, 2025 which resulted in an increase in gratuity liability, a defined benefit plan (arising out of past service cost relating to plan amendment) and compensated absences by ₹1,289 crore.

Approaching value creation

Value creation
model

Download
1 / 2
Value creation model – inputs, process and strategy
Value creation model – outputs and outcomes

Delivering value

Download

Financial Capital

We obtain our Financial Capital through the funds generated from our business operations and financing activities.

9.6%
Revenue growth
21.0%
Adjusted operating margin (1)
31.6%
Return On Equity (ROE)
11.6%
Dividend per share growth
11.0%
EPS growth
AAA
CRISIL Rating
Read More

Human Capital

We bring our Employee Value Proposition (EVP) to life through the experiences we design and deliver every day – anchored in meaningful work, continuous growth, protected well-being, and a genuine sense of belonging.

3,28,594
Employees globally
155
Nationalities in the workforce
84%
AI aware employees
79%
Employee satisfaction score
39.5%
Women in the workforce
Read More

Intellectual Capital

Our Intellectual Capital is driven by agility, flexibility, and innovation. We are committed to working with experts, partners, academia, and other stakeholders.

7
Applied Research Centers
100+
Client living labs
973
Patents (granted / pending)
2,000+
Infosys Knowledge Institute assets
"Well Known"
Trademark for Infosys in India
Industry leader
Rating for iCETS platforms by analysts
430+ startups
Accounted for 1,300+ client impressions by
#1
Rating in AI
Read More

Natural Capital

Long before climate change emerged as a global boardroom priority, Infosys recognized that natural capital is integral to long‑term value creation.

7 years in a row
Carbon neutral
81.8%
Share of renewables in our India operations
~ 14 mn
Number of saplings planted through agroforestry program
3,00,000+
Rural families benefited through carbon offset programs
100%
Wastewater recycled within our campuses
Read More

Manufactured Capital

Our Manufactured Capital includes our energy-efficient offices, data centers, innovation hubs, digital studios, and our technology infrastructure across the globe.

Radiflux
Radiant cooling solution patented in Europe and India
5.7 tons
Avoided plastic and thermocol in IT equipment purchase this year
84%
Office area certified with highest green building rating
40 mn sq.ft.
Office space monitored through Infosys command center
ASSURE
Building sector decarbonization initiative
Read More

Social and Relationship Capital

Our Social and Relationship Capital guides us to bring the interests of our stakeholders to the fore. As enterprises focus on reshaping their businesses in the digital era, we are helping our clients drive transformation.

104
Infosys Prize winners since 2008
15,000+
Corneas harvested as part of our cornea care program in FY26
15 mn+
Learners enabled in digital skills
₹ 666 cr
Global CSR spends
91.64%
Suppliers (by value of business) assessed on ESG
Read More
1 / 6

Other reports

Infosys Foundation 2025-26 cover

Infosys Foundation 2025-26

Download

Download Center

Infosys Integrated Annual Report 2025-26 cover thumbnail Download Integrated Report 2025 - 26

Download specific sections of the report here. Please note these are only part of the Infosys Integrated Annual Report 2025-26. Select at least one section below before downloading.

Introduction
Corporate overview
Performance overview
Approaching value creation
Delivering value
Statutory reports
Financial statements
AGM Notice