63/100B12.500
USD
-0.31
(-2.42%)
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Fair value19.82Plus-37%10Price 12.5032
Q3 FY2027 · Earnings report
EPS estimate 0.20Revenue estimate 5.15B
Q3 FY2027 · Earnings report
EPS estimate 0.20Revenue estimate 5.15B
Infosys free cash flow 1999–2027What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
Infosys's free cash flow in Q2 FY2027, the three months to 30 September 2026, was 947.40M USD, down 14.0% on the same quarter a year before. Infosys's free cash flow over the last twelve months was 3.67B USD, down 12.2% on the twelve months before. In fiscal year 2026 it was 3.73B USD, down 8.7% on the year before.
Last updated 6 Nov 2026 · Next report 13 Jan 2027
Free cash flow
Free cash flow · +9.9% a year over 10 yearsFree cash flow margin
Growth
| Fiscal year | Period ending | Free cash flow | Growth | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 3.67B | -12.20% | 17.99% | 3.98B | -317.47M | 0.90 |
| FY2026 | 31 Mar 2026 | 3.73B | -8.68% | 18.52% | 4.04B | -306.00M | 0.93 |
| FY2025 | 31 Mar 2025 | 4.09B | +41.85% | 21.21% | 4.35B | -263.00M | 0.98 |
| FY2024 | 31 Mar 2024 | 2.88B | +13.73% | 15.53% | 3.15B | -266.00M | 0.70 |
| FY2023 | 31 Mar 2023 | 2.53B | -17.05% | 13.91% | 2.85B | -319.00M | 0.61 |
| FY2022 | 31 Mar 2022 | 3.06B | +2.76% | 18.73% | 3.35B | -290.00M | 0.72 |
| FY2021 | 31 Mar 2021 | 2.97B | +38.54% | 21.92% | 3.26B | -285.00M | 0.70 |
| FY2020 | 31 Mar 2020 | 2.15B | +12.18% | 16.79% | 2.61B | -465.00M | 0.50 |
| FY2019 | 31 Mar 2019 | 1.91B | -1.75% | 16.21% | 2.26B | -349.00M | 0.44 |
| FY2018 | 31 Mar 2018 | 1.95B | +15.34% | 17.80% | 2.26B | -310.00M | 0.43 |
| FY2017 | 31 Mar 2017 | 1.69B | +16.49% | 16.54% | 2.10B | -411.00M | 0.37 |
| FY2016 | 31 Mar 2016 | 1.45B | +4.32% | 15.25% | 1.86B | -413.00M | 0.32 |
| FY2015 | 31 Mar 2015 | 1.39B | -10.50% | 15.95% | 1.76B | -367.00M | 0.30 |
| FY2014 | 31 Mar 2014 | 1.55B | +14.62% | 18.81% | 2.00B | -451.00M | 0.34 |
| FY2013 | 31 Mar 2013 | 1.35B | -0.51% | 18.30% | 1.74B | -384.00M | 0.30 |
| FY2012 | 31 Mar 2012 | 1.36B | +34.35% | 19.46% | 1.68B | -320.00M | 0.30 |
| FY2011 | 31 Mar 2011 | 1.01B | -22.91% | 16.77% | 1.30B | -285.00M | 0.22 |
| FY2010 | 31 Mar 2010 | 1.31B | +16.90% | 27.35% | 1.45B | -138.00M | 0.29 |
| FY2009 | 31 Mar 2009 | 1.12B | +45.03% | 24.10% | 1.41B | -285.00M | 0.25 |
| FY2008 | 31 Mar 2008 | 775.00M | +48.18% | 18.56% | 1.15B | -374.00M | 0.17 |
| FY2007 | 31 Mar 2007 | 523.00M | +48.16% | 16.93% | 862.00M | -339.00M | 0.12 |
| FY2006 | 31 Mar 2006 | 353.00M | +123.42% | 16.40% | 599.00M | -246.00M | 0.08 |
| FY2005 | 31 Mar 2005 | 158.00M | -43.62% | 9.92% | 344.00M | -186.00M | 0.04 |
| FY2004 | 31 Mar 2004 | 280.23M | +66.77% | 26.37% | 373.45M | -93.23M | 0.07 |
| FY2003 | 31 Mar 2003 | 168.03M | +36.47% | 22.29% | 211.19M | -43.16M | 0.04 |
| FY2002 | 31 Mar 2002 | 123.13M | +202.25% | 22.59% | 191.48M | -68.35M | 0.03 |
| FY2001 | 31 Mar 2001 | 40.74M | +14.87% | 9.84% | 137.51M | -96.78M | 0.01 |
| FY2000 | 31 Mar 2000 | 35.46M | +64.19% | 17.43% | 71.39M | -35.93M | 0.01 |
| FY1999 | 31 Mar 1999 | 21.60M | — | 17.86% | 37.70M | -16.10M | 0.01 |
| Quarter | Period ending | Free cash flow | Growth on a year before | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| Q2 FY2027 | 30 Sept 2026 | 947.40M | -13.95% | 18.39% | 1.03B | -84.52M | 0.23 |
| Q1 FY2027 | 30 Jun 2026 | 970.00M | +9.73% | 19.09% | 1.05B | -81.95M | 0.24 |
| Q4 FY2026 | 31 Mar 2026 | 833.00M | -6.61% | 16.53% | 937.00M | -104.00M | 0.21 |
| Q3 FY2026 | 31 Dec 2025 | 915.00M | -29.50% | 17.94% | 962.00M | -47.00M | 0.22 |
| Q2 FY2026 | 30 Sept 2025 | 1.10B | +27.14% | 21.69% | 1.16B | -56.00M | 0.26 |
| Q1 FY2026 | 30 Jun 2025 | 884.00M | -19.20% | 17.89% | 983.00M | -99.00M | 0.21 |
| Q4 FY2025 | 31 Mar 2025 | 892.00M | +5.19% | 18.86% | 976.00M | -84.00M | 0.22 |
| Q3 FY2025 | 31 Dec 2024 | 1.30B | +95.16% | 26.28% | 1.36B | -65.12M | 0.31 |
| Q2 FY2025 | 30 Sept 2024 | 866.00M | +24.31% | 17.70% | 927.29M | -61.30M | 0.21 |
| Q1 FY2025 | 30 Jun 2024 | 1.09B | +49.27% | 23.21% | 1.15B | -56.00M | 0.26 |
| Q4 FY2024 | 31 Mar 2024 | 848.00M | +18.93% | 18.58% | 914.00M | -66.00M | 0.20 |
| Q3 FY2024 | 31 Dec 2023 | 665.00M | +15.45% | 14.26% | 707.00M | -42.00M | 0.16 |
| Q2 FY2024 | 30 Sept 2023 | 696.66M | +18.28% | 14.77% | 756.12M | -59.46M | 0.17 |
| Q1 FY2024 | 30 Jun 2023 | 732.91M | +11.72% | 15.87% | 831.09M | -98.18M | 0.18 |
| Q4 FY2023 | 31 Mar 2023 | 713.00M | -6.31% | 15.65% | 808.00M | -95.00M | 0.17 |
| Q3 FY2023 | 31 Dec 2022 | 576.00M | -19.89% | 12.36% | 644.00M | -68.00M | 0.14 |
| Q2 FY2023 | 30 Sept 2022 | 589.00M | -17.28% | 12.93% | 656.00M | -67.00M | 0.14 |
| Q1 FY2023 | 30 Jun 2022 | 656.00M | -23.99% | 14.76% | 745.00M | -89.00M | 0.16 |
| Q4 FY2022 | 31 Mar 2022 | 761.00M | -4.76% | 17.78% | 845.00M | -84.00M | 0.18 |
| Q3 FY2022 | 31 Dec 2021 | 719.00M | -6.87% | 16.92% | 786.00M | -67.00M | 0.17 |
| Q2 FY2022 | 30 Sept 2021 | 712.00M | +5.64% | 17.81% | 782.00M | -70.00M | 0.17 |
| Q1 FY2022 | 30 Jun 2021 | 863.00M | +18.54% | 22.82% | 932.00M | -69.00M | 0.20 |
| Q4 FY2021 | 31 Mar 2021 | 799.00M | +34.74% | 22.11% | 853.00M | -54.00M | 0.19 |
| Q3 FY2021 | 31 Dec 2020 | 772.00M | +15.05% | 21.96% | 829.00M | -57.00M | 0.18 |
| Q2 FY2021 | 30 Sept 2020 | 674.00M | +69.77% | 20.35% | 793.00M | -119.00M | 0.16 |
| Q1 FY2021 | 30 Jun 2020 | 728.00M | +50.10% | 23.33% | 783.00M | -55.00M | 0.17 |
| Q4 FY2020 | 31 Mar 2020 | 593.00M | +26.98% | 18.55% | 684.00M | -91.00M | 0.14 |
| Q3 FY2020 | 31 Dec 2019 | 671.00M | +25.66% | 20.69% | 775.00M | -104.00M | 0.16 |
| Q2 FY2020 | 30 Sept 2019 | 397.00M | +10.28% | 12.37% | 522.00M | -125.00M | 0.09 |
| Q1 FY2020 | 30 Jun 2019 | 485.00M | -12.14% | 15.49% | 630.00M | -145.00M | 0.11 |
| Q4 FY2019 | 31 Mar 2019 | 467.00M | +11.72% | 15.27% | 583.00M | -116.00M | 0.11 |
| Q3 FY2019 | 31 Dec 2018 | 534.00M | -9.95% | 17.88% | 610.00M | -76.00M | 0.12 |
| Q2 FY2019 | 30 Sept 2018 | 360.00M | -4.76% | 12.32% | 438.00M | -78.00M | 0.08 |
| Q1 FY2019 | 30 Jun 2018 | 552.00M | -1.08% | 19.50% | 631.00M | -79.00M | 0.13 |
| Q4 FY2018 | 31 Mar 2018 | 418.00M | -6.49% | 14.90% | 515.00M | -97.00M | 0.10 |
| Q3 FY2018 | 31 Dec 2017 | 593.00M | +30.33% | 21.52% | 657.00M | -64.00M | 0.13 |
| Q2 FY2018 | 30 Sept 2017 | 378.00M | -18.18% | 13.86% | 441.00M | -63.00M | 0.08 |
| Q1 FY2018 | 30 Jun 2017 | 558.00M | +72.22% | 21.05% | 644.00M | -86.00M | 0.12 |
| Q4 FY2017 | 31 Mar 2017 | 447.00M | 0.00% | 17.40% | 547.00M | -100.00M | 0.10 |
| Q3 FY2017 | 31 Dec 2016 | 455.00M | +22.64% | 17.84% | 547.00M | -92.00M | 0.10 |
| Q2 FY2017 | 30 Sept 2016 | 462.00M | +18.16% | 17.86% | 553.00M | -91.00M | 0.10 |
| Q1 FY2017 | 30 Jun 2016 | 324.00M | +35.00% | 12.95% | 452.00M | -128.00M | 0.07 |
| Q4 FY2016 | 31 Mar 2016 | 447.00M | — | 18.27% | 562.00M | -115.00M | 0.10 |
| Q3 FY2016 | 31 Dec 2015 | 371.00M | -28.10% | 15.41% | 474.00M | -103.00M | 0.08 |
| Q2 FY2016 | 30 Sept 2015 | 391.00M | -36.22% | 16.35% | 481.00M | -90.00M | 0.09 |
| Q1 FY2016 | 30 Jun 2015 | 240.00M | -38.46% | 10.64% | 345.00M | -105.00M | 0.05 |
| Q4 FY2015 | 31 Mar 2015 | -130.00M | -128.02% | -6.02% | -24.00M | -106.00M | -0.03 |
| Q3 FY2015 | 31 Dec 2014 | 516.00M | +63.81% | 23.26% | 609.00M | -93.00M | 0.11 |
| Q2 FY2015 | 30 Sept 2014 | 613.00M | +38.69% | 27.85% | 706.00M | -93.00M | 0.13 |
| Q1 FY2015 | 30 Jun 2014 | 390.00M | +17.82% | 18.28% | 465.00M | -75.00M | 0.09 |
| Q4 FY2014 | 31 Mar 2014 | 464.00M | +52.63% | 22.18% | 593.00M | -129.00M | 0.10 |
| Q3 FY2014 | 31 Dec 2013 | 315.00M | -16.67% | 15.00% | 438.00M | -123.00M | 0.07 |
| Q2 FY2014 | 30 Sept 2013 | 442.00M | +20.44% | 21.39% | 554.00M | -112.00M | 0.10 |
| Q1 FY2014 | 30 Jun 2013 | 331.00M | +8.52% | 16.62% | 418.00M | -87.00M | 0.07 |
| Q4 FY2013 | 31 Mar 2013 | 304.00M | +4.83% | 15.69% | 419.00M | -115.00M | 0.07 |
| Q3 FY2013 | 31 Dec 2012 | 378.00M | -3.32% | 19.78% | 483.00M | -105.00M | 0.08 |
| Q2 FY2013 | 30 Sept 2012 | 367.00M | +1.94% | 20.42% | 451.00M | -84.00M | 0.08 |
| Q1 FY2013 | 30 Jun 2012 | 305.00M | -4.69% | 17.41% | 385.00M | -80.00M | 0.07 |
| Q4 FY2012 | 31 Mar 2012 | 290.00M | +59.34% | 16.37% | 409.00M | -119.00M | 0.06 |
| Q3 FY2012 | 31 Dec 2011 | 391.00M | +44.81% | 21.65% | 441.00M | -50.00M | 0.09 |
| Q2 FY2012 | 30 Sept 2011 | 360.00M | +31.39% | 20.62% | 454.00M | -94.00M | 0.08 |
| Q1 FY2012 | 30 Jun 2011 | 320.00M | +11.50% | 19.15% | 377.00M | -57.00M | 0.07 |
| Q4 FY2011 | 31 Mar 2011 | 182.00M | -35.92% | 11.36% | 256.00M | -74.00M | 0.04 |
| Q3 FY2011 | 31 Dec 2010 | 270.00M | -5.92% | 17.03% | 363.00M | -93.00M | 0.06 |
| Q2 FY2011 | 30 Sept 2010 | 274.00M | -29.02% | 18.32% | 341.00M | -67.00M | 0.06 |
| Q1 FY2011 | 30 Jun 2010 | 287.00M | -19.61% | 21.13% | 338.00M | -51.00M | 0.06 |
| Q4 FY2010 | 31 Mar 2010 | 284.00M | +10.51% | 21.91% | 325.00M | -41.00M | 0.06 |
| Q3 FY2010 | 31 Dec 2009 | 287.00M | -15.09% | 23.30% | 321.00M | -34.00M | 0.06 |
| Q2 FY2010 | 30 Sept 2009 | 386.00M | +37.37% | 33.45% | 427.00M | -41.00M | 0.08 |
| Q1 FY2010 | 30 Jun 2009 | 357.00M | +42.23% | 31.82% | 387.00M | -30.00M | 0.08 |
| Q4 FY2009 | 31 Mar 2009 | 257.00M | +217.28% | 22.93% | 316.00M | -59.00M | 0.06 |
| Q3 FY2009 | 31 Dec 2008 | 338.00M | +8.68% | 28.86% | 396.00M | -58.00M | 0.07 |
| Q2 FY2009 | 30 Sept 2008 | 281.00M | +48.68% | 23.11% | 369.00M | -88.00M | 0.06 |
| Q1 FY2009 | 30 Jun 2008 | 251.00M | +29.38% | 21.73% | 331.00M | -80.00M | 0.05 |
| Q4 FY2008 | 31 Mar 2008 | 81.00M | -38.17% | 7.09% | 190.00M | -109.00M | 0.02 |
| Q3 FY2008 | 31 Dec 2007 | 311.00M | +98.09% | 28.69% | 393.00M | -82.00M | 0.07 |
| Q2 FY2008 | 30 Sept 2007 | 189.00M | +21.15% | 18.49% | 289.00M | -100.00M | 0.04 |
| Q1 FY2008 | 30 Jun 2007 | 194.00M | +145.57% | 20.91% | 277.00M | -83.00M | 0.04 |
| Q4 FY2007 | 31 Mar 2007 | 131.00M | +156.86% | 15.18% | 276.00M | -145.00M | 0.03 |
| Q3 FY2007 | 31 Dec 2006 | 157.00M | +25.60% | 19.12% | 237.00M | -80.00M | 0.03 |
| Q2 FY2007 | 30 Sept 2006 | 156.00M | +85.71% | 20.91% | 228.00M | -72.00M | 0.03 |
| Q1 FY2007 | 30 Jun 2006 | 79.00M | -15.05% | 11.97% | 121.00M | -42.00M | 0.02 |
| Q4 FY2006 | 31 Mar 2006 | 51.00M | +155.00% | 8.60% | 113.00M | -62.00M | 0.01 |
| Q3 FY2006 | 31 Dec 2005 | 125.00M | +155.10% | 22.36% | 182.00M | -57.00M | 0.03 |
| Q2 FY2006 | 30 Sept 2005 | 84.00M | +10.53% | 16.03% | 153.00M | -69.00M | 0.02 |
| Q1 FY2006 | 30 Jun 2005 | 93.00M | +615.38% | 19.54% | 151.00M | -58.00M | 0.02 |
| Q4 FY2005 | 31 Mar 2005 | 20.00M | -66.13% | 4.40% | 76.00M | -56.00M | 0.00 |
| Q3 FY2005 | 31 Dec 2004 | 49.00M | -48.51% | 11.58% | 107.00M | -58.00M | 0.01 |
| Q2 FY2005 | 30 Sept 2004 | 76.00M | +17.06% | 20.05% | 114.00M | -38.00M | 0.02 |
| Q1 FY2005 | 30 Jun 2004 | 13.00M | -78.72% | 3.88% | 47.00M | -34.00M | 0.00 |
| Q4 FY2004 | 31 Mar 2004 | 59.05M | +35.70% | 19.51% | 103.65M | -44.60M | 0.01 |
| Q3 FY2004 | 31 Dec 2003 | 95.16M | — | 34.49% | 114.99M | -19.83M | 0.02 |
| Q2 FY2004 | 30 Sept 2003 | 64.92M | +48.71% | 25.89% | 80.72M | -15.79M | 0.02 |
| Q1 FY2004 | 30 Jun 2003 | 61.09M | +85.01% | 26.19% | 74.10M | -13.01M | 0.01 |
| Q4 FY2003 | 31 Mar 2003 | 43.52M | +28.67% | 20.14% | 59.88M | -16.36M | 0.01 |
| Q3 FY2003 | 31 Dec 2002 | -9.62M | -124.80% | -5.30% | 0.00 | -9.62M | -0.00 |
| Q2 FY2003 | 30 Sept 2002 | 43.66M | +96.78% | 24.06% | 50.23M | -6.58M | 0.01 |
| Q1 FY2003 | 30 Jun 2002 | 33.02M | +16.57% | 21.12% | 43.62M | -10.60M | 0.01 |
| Q4 FY2002 | 31 Mar 2002 | 33.82M | +132.63% | 24.21% | 42.19M | -8.36M | 0.01 |
| Q3 FY2002 | 31 Dec 2001 | 38.79M | +1,063.31% | 28.20% | 53.39M | -14.60M | 0.01 |
| Q2 FY2002 | 30 Sept 2001 | 22.19M | +8.47% | 16.16% | 47.01M | -24.82M | 0.01 |
| Q1 FY2002 | 30 Jun 2001 | 28.33M | +1,074.87% | 21.70% | 48.89M | -20.56M | 0.01 |
| Q4 FY2001 | 31 Mar 2001 | 14.54M | -13.79% | 12.04% | 44.53M | -29.99M | 0.00 |
| Q3 FY2001 | 31 Dec 2000 | 3.33M | -1.92% | 2.90% | 28.98M | -25.64M | 0.00 |
| Q2 FY2001 | 30 Sept 2000 | 20.45M | +235.29% | 20.88% | 43.44M | -22.99M | 0.00 |
| Q1 FY2001 | 30 Jun 2000 | 2.41M | -73.51% | 3.00% | 20.56M | -18.15M | 0.00 |
| Q4 FY2000 | 31 Mar 2000 | 16.86M | — | 26.50% | 28.99M | -12.13M | 0.00 |
| Q3 FY2000 | 31 Dec 1999 | 3.40M | — | 6.52% | 14.20M | -10.80M | 0.00 |
| Q2 FY2000 | 30 Sept 1999 | 6.10M | — | 12.73% | 14.80M | -8.70M | 0.00 |
| Q1 FY2000 | 30 Jun 1999 | 9.10M | — | 22.91% | 13.40M | -4.30M | 0.00 |
Figures in USD. Free cash flow is operating cash flow less capital expenditure. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Stock buybacks,Cash flow
Common questions about Infosys's free cash flow
Source: Financial Modeling Prep