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
DateValue
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