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SEC filingInfosys reported $20.158 billion in FY26 revenues with 3.1% constant currency growth, 20.3% reported operating margin, $3.733 billion free cash flow, and issued FY27 guidance of 1.5%–3.5% revenue growth and 20%–22% operating margin.
Infosys delivered resilient FY26 results anchored by $20.158 billion in revenue (3.1% constant currency growth), driven by strong large deal wins totaling $14.9 billion with 55% net new — a clear validation of its AI-first strategy and Topaz Fabric adoption across regulated industries. Management attributed the 21.0% adjusted operating margin and $3.733 billion free cash flow to disciplined execution and savings from Project Maximus, which funded strategic investments in talent, AI, and sales & marketing. Q4 revenue grew 4.1% year-on-year in constant currency but declined 1.3% quarter-on-quarter, suggesting near-term moderation despite robust pipeline visibility. The FY27 guidance range of 1.5%–3.5% revenue growth and 20%–22% operating margin reflects measured confidence amid evolving macro conditions, with CFO Jayesh Sanghrajka emphasizing continued focus on margins and cash generation. Client testimonials — including collaborations with Citizens Financial Group, ExxonMobil, Crocs, Anthropic, Intel, and ABN AMRO — uniformly highlight Infosys’ domain expertise, agentic AI capabilities, and ability to deliver production-scale outcomes in complex, compliance-heavy environments. The Board’s proposal of a ₹25 per share final dividend, combined with the recently concluded buyback, brings total capital returned to shareholders for FY26 to over ₹37,500 crore — reinforcing Infosys’ commitment to balanced capital allocation and shareholder value creation.