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Infosys (INFY) investor relations material

Infosys Q1 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 25/26 earnings summary23 Jul, 2025

Executive summary

  • Revenue grew 4.8% year-over-year and 2.6% sequentially in constant currency, reaching $4.94 billion for Q1 FY26.

  • Large deal TCV was $3.8 billion, with 55% net new business, reflecting strong client relationships and delivery.

  • Operating margin was 20.8%, with free cash flow at $884 million, representing over 109% of net profit.

  • Net profit increased 5.9% year-over-year to $809 million, with EPS up 5.8%.

  • Major acquisitions (MRE Consulting, The Missing Link) completed, contributing to growth.

Financial highlights

  • Consolidated revenue: $4.94 billion (up 4.8% YoY, 2.6% QoQ); INR 42,279 crore (up 7.5% YoY, 3.3% QoQ).

  • Operating margin at 20.8%, down 0.3 percentage points year-over-year.

  • Free cash flow of $884 million, 109% of net profit; cash and investments at $5.27 billion.

  • EPS grew 5.8% in dollar terms and 8.6% in rupee terms year-over-year.

  • ROE improved by 140 bps to 30.4% due to dividend payout.

Outlook and guidance

  • FY26 revenue growth guidance revised to 1%-3% in constant currency, reflecting macro uncertainty and elongated client decision cycles.

  • Operating margin guidance maintained at 20%-22%.

  • Free cash flow expected to remain above 100% of net profit for FY26.

  • H1 expected to be stronger than H2 due to normal seasonality.

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Frequently asked questions

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It offers business information technology services comprising application development and management, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions; and business process management services.

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