Infosys (INFY) Gross Margin (2009 - 2026)
Infosys (INFY) posted Gross Margin of 31.48% for Q2 2026, up 2.04% on a QoQ basis from 30.85% in Q1 2026, and up 62.0% year-over-year from 19.43% in Q2 2025.
Powered by 
Analysis
Infosys (INFY) Gross Margin (2009 - 2026) Analysis & Trends
Infosys has reported Gross Margin for 18 years, with the latest figure at 31.48% in Q2 2026.
- On a quarterly basis, Gross Margin rose 62.0% year-over-year to 31.48% in Q2 2026; TTM through Jun 2026 was 30.32%, a 15.0% decrease from a year earlier, with the FY2026 full-year figure at 30.16%, down 30.0% from the prior year.
- Gross Margin was 31.48% for Q2 2026 at Infosys, up from 30.85% in the prior quarter.
- The five-year high for Gross Margin was 31.48% in Q2 2026, with the low at 28.22% in Q4 2025.
- Average Gross Margin over 5 years is 30.34%, with a median of 30.52% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 441 bps in 2022, then surged 120 bps in 2023.
- Over 5 years, Gross Margin stood at 30.67% in 2022, then slipped by 3 bps to 29.79% in 2023, then climbed by 2 bps to 30.27% in 2024, then retreated by 7 bps to 28.22% in 2025, then advanced by 12 bps to 31.48% in 2026.
- The last three Gross Margin figures came in at 31.48% (Q2 2026), 30.85% (Q1 2026), and 28.22% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 47.37 Bn | 47.42 Bn | 1.60 Bn | 31.48% |
| 2 | Cognizant Technology Solutions | 28.16 Bn | 27.11 Bn | 1.83 Bn | 33.37% |
| 3 | Cgi | 14.44 Bn | 13.86 Bn | - | - |
| 4 | EPAM Systems | 6.04 Bn | 5.25 Bn | 429.57 Mn | 30.36% |
| 5 | ExlService Holdings | 5.56 Bn | 5.27 Bn | 225.96 Mn | 37.99% |
| 6 | Science Applications International | 5.32 Bn | 5.20 Bn | 239.00 Mn | 12.71% |
| 7 | Kyndryl Holdings | 2.86 Bn | 850.31 Mn | 776.00 Mn | 21.45% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 20.25% |
| 9 | Innodata | 1.91 Bn | 1.66 Bn | 42.46 Mn | 46.08% |
| 10 | DXC Technology | 1.86 Bn | 135.62 Mn | 611.00 Mn | 20.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.48% |
| Mar 31, 2026 | 30.85% |
| Dec 31, 2025 | 28.22% |
| Sep 30, 2025 | 30.73% |
| Jun 30, 2025 | 30.86% |
| Mar 31, 2025 | 30.19% |
| Dec 31, 2024 | 30.27% |
| Sep 30, 2024 | 30.53% |
| Jun 30, 2024 | 30.87% |
| Mar 31, 2024 | 29.47% |
| Dec 31, 2023 | 29.79% |
| Sep 30, 2023 | 30.67% |
| Jun 30, 2023 | 30.45% |
| Mar 31, 2023 | 30.52% |
| Dec 31, 2022 | 30.67% |
| Sep 30, 2022 | 30.41% |
| Jun 30, 2022 | 29.25% |
| Mar 31, 2022 | 30.96% |
| Dec 31, 2021 | 32.80% |
| Sep 30, 2021 | 33.09% |