Infosys (INFY) Change in Working Capital (2010 - 2026)
Infosys (INFY) posted quarterly Change in Working Capital of -$23.0 million for Q1 2026, down 171.88% year-on-year from $32.0 million in Q1 2025, and down 148.94% on a QoQ basis from $47.0 million in Q4 2025.
Infosys (INFY) Change in Working Capital (2010 - 2026) Analysis & Trends
Infosys (INFY) has reported Change in Working Capital for 13 consecutive years, with -$23.0 million the latest figure, recorded in Q1 2026.
- Quarterly Change in Working Capital fell 171.88% year-over-year to -$23.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $101.0 million (up 2.02% YoY) and the FY2026 annual result came in at $101.0 million, up 2.02% from the prior year.
- Change in Working Capital slipped to -$23.0 million in Q1 2026 per INFY's latest filing, from $47.0 million in the prior quarter.
- Over the last five years, Change in Working Capital for INFY reached as high as $100.0 million in Q3 2024 and fell as low as -$38.0 million in Q4 2024.
- A 5-year average of $25.3 million and a median of $30.0 million in 2023 frame the typical range for Change in Working Capital.
- The largest YoY upside for Change in Working Capital was 780.0% in 2024 against a maximum downside of 192.68% in 2024.
- Year by year, Change in Working Capital stood at $24.0 million in 2022, then jumped by 70.83% to $41.0 million in 2023, then slumped by 192.68% to -$38.0 million in 2024, then soared by 223.68% to $47.0 million in 2025, then plunged by 148.94% to -$23.0 million in 2026.
- According to Business Quant data, Change in Working Capital over the past three periods registered -$23.0 million, $47.0 million, and $36.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | - |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | - |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | 2.42 Mn |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | - |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | -128.00 Mn |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | - |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | - |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | - |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | - |
| 10 | Cdw | 16.66 Bn | 16.08 Bn | 1.19 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -23.00 Mn |
| Mar 31, 2026 | -23.00 Mn |
| Dec 31, 2025 | 47.00 Mn |
| Dec 31, 2025 | 47.00 Mn |
| Sep 30, 2025 | 36.00 Mn |
| Sep 30, 2025 | 36.00 Mn |
| Jun 30, 2025 | 41.00 Mn |
| Jun 30, 2025 | 41.00 Mn |
| Mar 31, 2025 | 32.00 Mn |
| Mar 31, 2025 | 32.00 Mn |
| Dec 31, 2024 | -38.00 Mn |
| Dec 31, 2024 | -38.00 Mn |
| Sep 30, 2024 | 100.00 Mn |
| Sep 30, 2024 | 100.00 Mn |
| Jun 30, 2024 | 5.00 Mn |
| Jun 30, 2024 | 5.00 Mn |
| Mar 31, 2024 | 44.00 Mn |
| Mar 31, 2024 | 44.00 Mn |
| Dec 31, 2023 | 41.00 Mn |
| Dec 31, 2023 | 41.00 Mn |