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Infosys Valuation Multiples

Discover Infosys' revenue and EBITDA valuation multiples, acquisitions, and investment history, alongside public comparables like Fujitsu, NEC, HCLTech, Cognizant and more.

Infosys Overview

About Infosys

Infosys is an IT services provider based in Bengaluru, India, with offices in more than 50 countries. The company leverages its offshore outsourcing model to serve clients across different industries, such as financial services and manufacturing. Infosys’ IT services offerings include consulting, digital transformation, and business process outsourcing.


Founded

1981

HQ

India

Employees

323.6K

Financials (LTM)

Revenue: $20B
EBITDA: $5B

EV

$51B

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Infosys Financials

Infosys reported last 12-month revenue of $20B and EBITDA of $5B.

In the same LTM period, Infosys generated $7B in gross profit, $5B in EBITDA, and $3B in net income.

Revenue (LTM)


Infosys P&L

In the most recent fiscal year, Infosys reported revenue of $20B and EBITDA of $5B.

Infosys is profitable as of last fiscal year, with gross margin of 30%, EBITDA margin of 25%, and net margin of 16%.

See analyst estimates for Infosys
LTMLast FY202320242025202620272028
Revenue$20B$20B$18B$19B$20B
Gross Profit$7B$6B$6B$6B$6B
Gross Margin35%30%30%30%30%
EBITDA$5B$5B$5B$5B$5B
EBITDA Margin23%25%27%26%26%
EBIT Margin20%20%21%21%20%
Net Profit$3B$3B$3B$3B$3B
Net Margin16%16%17%17%16%

Financial data powered by Morningstar, Inc.

Infosys Stock Performance

Infosys has current market cap of $54B, and enterprise value of $51B.

Market Cap Evolution


Infosys' stock price is $13.37.

Infosys share price increased by 11.5% in the last 30 days, and decreased by 28.6% in the last year.

Infosys has an EPS (earnings per share) of $0.82.

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EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$51B$54B5.7%11.5%0.9%-28.6%$0.82

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Infosys Valuation Multiples

Infosys trades at 2.5x EV/Revenue multiple, and 11.3x EV/EBITDA.

See NTM and 2027E valuation multiples for Infosys

EV / Revenue (LTM)


Infosys Financial Valuation Multiples

As of June 4, 2026, Infosys has market cap of $54B and EV of $51B.

Infosys has a P/E ratio of 16.4x.

LTMLast FY202320242025202620272028
EV/Revenue2.5x2.5x2.8x2.7x2.6x
EV/EBITDA11.3x10.1x10.5x10.2x10.1x
EV/EBIT12.5x12.6x13.3x12.8x12.6x
EV/Gross Profit7.4x8.4x9.2x8.9x8.5x
P/E16.4x16.3x17.4x17.1x16.5x
EV/FCF15.5x13.8x18.4x13.6x13.4x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Infosys Valuation Multiples

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Infosys Margins & Growth Rates

Infosys grew revenue by 1% but EBITDA decreased by 5% in the last fiscal year.

In the most recent fiscal year, Infosys reported gross margin of 30%, EBITDA margin of 25%, and net margin of 16%.

See estimated margins and future growth rates for Infosys

Infosys Margins

Last FY202420252026202720282029
Gross Margin30%30%30%32%
EBITDA Margin25%26%26%24%
EBIT Margin20%21%20%21%
Net Margin16%17%16%16%
FCF Margin19%20%19%16%

Infosys Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth1%3%4%2%
Gross Profit Growth8%4%4%7%
EBITDA Growth(5%)3%1%(3%)
EBIT Growth5%4%2%4%
Net Profit Growth(1%)1%4%0%
FCF Growth(16%)35%1%(14%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Infosys Operational KPIs

Infosys' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Infosys' Rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Infosys' Rule of X is 29% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Infosys
LTMLast FY202320242025202620272028
Rule of 4024%26%---
Bessemer Rule of X27%29%---
Revenue per Employee-$0.1M---
Opex per Employee-$0.0M---
S&M Expenses to Revenue6%6%1%1%4%
G&A Expenses to Revenue5%5%8%7%5%
R&D Expenses to Revenue62%62%--63%
Opex to Revenue-10%9%9%10%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Infosys Competitors

Infosys competitors include Fujitsu, NEC, HCLTech, Cognizant, DCI Indonesia, Wipro, TD Synnex, Fidelity Information Services, Automatic Data Processing and Tata Consultancy Services.

Most Infosys public comparables operate across IT Consulting and BPO Services.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Fujitsu1.7x1.7x13.7x12.4x
NEC1.7x1.6x13.7x10.9x
HCLTech2.3x2.3x11.3x11.2x
Cognizant1.2x1.2x6.3x6.4x
DCI Indonesia179.0x-357.0x-
Wipro2.0x1.9x8.8x9.8x
TD Synnex0.4x0.4x13.5x12.3x
Fidelity Information Services4.0x3.5x9.8x8.5x

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Acquisitions by Infosys

Infosys has acquired 23 companies to date.

Last acquisition by Infosys was on March 24th 2026. Infosys acquired Stratus Technology Services for $95M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Infosys

Stratus Technology Services
Optimum Healthcare IT
Versent
The Missing Link
Description
Stratus Technology Services delivers technology solutions including RPO, insurance software, development, cloud services, and digital transformation.
Optimum Healthcare IT is a consulting firm delivering IT solutions for U.S. healthcare providers and payers. The Jacksonville, Florida-headquartered company specializes in Epic implementations, revenue cycle management, and interoperability projects under FHIR standards. Optimum Healthcare IT supports hospitals, health systems, and physician groups with staff augmentation and managed services. With practices in clinical informatics and cybersecurity, it serves clients across 30 states.
Versent is a Sydney-based cloud consultancy providing security, DevOps, SharePoint, and data visualization services across AWS, Azure, and Google Cloud since 2014. The firm serves finance, telecom, media, public sector, and utilities with partnerships from major cloud providers.
The Missing Link is a Melbourne-based IT solutions distributor founded in 1997. It supplies data center hardware, networking gear, and cybersecurity products from vendors like Cisco, HPE, and Fortinet to resellers across Australia and New Zealand. Acquired by founders Alex Gambotto and Daniel Forsythe in 2002, the company operates warehouses in Melbourne and Sydney, serving enterprises in finance, government, and healthcare sectors.
HQ CountryUnited StatesUnited StatesAustraliaAustralia
HQ City
Shrewsbury, NJ
Jacksonville, FL
Melbourne
Sydney
Deal Date24 Mar 202624 Mar 202613 Aug 202517 Apr 2025
Valuation$95M$465M$202M$64M
EV/Revenue
EV/EBITDA

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Investments by Infosys

Infosys has invested in 11 companies to date.

Latest investment by Infosys was on November 6th 2024. Infosys invested in GalaxEye in their $4M Series A round (EV/Revenue multiple available to Pro users).

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Latest Investments by Infosys

GalaxEye
ideaForge
Trifacta
Waterline Data
Description
GalaxEye is a Bengaluru-based space technology company that operates synthetic aperture radar satellites for all-weather imaging. The firm provides geospatial analytics to sectors including agriculture, defense, and urban planning across India and Southeast Asia.
ideaForge is a Mumbai-based manufacturer of unmanned aerial vehicles founded in 2007. The company produces drones for defense, surveillance, logistics, and infrastructure inspection, including the NETRA and SWITCH models with autonomous flight capabilities up to 2 hours. Listed on the Indian stock exchange, ideaForge supplies systems to the Indian Armed Forces and secures government contracts worth over 100 crore INR annually.
Trifacta is a Seattle-headquartered data engineering platform acquired by Google Cloud in 2021. The service transforms raw data through visual profiling, AI-powered suggestions, and automated pipelines, connecting to sources like AWS S3, Snowflake, and BigQuery. Enterprises such as Google, PepsiCo, and Kaiser Permanente use it to prepare datasets for analytics. Trifacta's Wrangler tool, now part of Dataplex, handles petabyte-scale processing with row-level lineage tracking across hybrid clouds.
Waterline Data is a Seattle-headquartered data management company providing AI-driven data catalogs for enterprise environments. The platform discovers and governs data assets compliant with GDPR and CCPA, enabling self-service analytics for chief data officers. Acquired by Hitachi Vantara in 2021, it optimizes Big Data landscapes globally.
HQ CountryIndiaIndiaUnited StatesUnited States
HQ City
Chennai
Mumbai
San Francisco, CA
San Francisco, CA
Deal Date6 Nov 202428 Apr 202212 Sep 201929 Oct 2018
RoundSeries ASeries BSeries ESeries C
Raised$4M$20M$100M$15M
InvestorsFaad Network; ideaForge; Infosys; Mela Ventures; MGF Kavachh; Navam Capital; Rainmatter Capital; Samarthya Investment Advisors; Speciale InvestCelesta Capital; Florintree Advisors; India Exim Bank; Infina Finance; Infosys; Qualcomm VenturesABN AMRO Ventures; Accel; Alumni Ventures; BMW i Ventures; Cathay Innovation; Enabling Future; NTT DOCOMO Ventures; Alphabet; Greylock; H20 Capital; Ignition Partners; InfosysInfosys; Jackson Square Ventures; Menlo Ventures; Partech
Valuationundisclosedundisclosedundisclosed$38M
EV/Revenue
EV/EBITDA

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About Infosys

When was Infosys founded?Infosys was founded in 1981.
Where is Infosys headquartered?Infosys is headquartered in India.
How many employees does Infosys have?As of today, Infosys has over 323K employees.
Who is the CEO of Infosys?Infosys' CEO is Salil Parekh.
Is Infosys publicly listed?Yes, Infosys is a public company listed on NYSE.
What is the stock symbol of Infosys?Infosys trades under INFY ticker.
When did Infosys go public?Infosys went public in 1999.
Who are competitors of Infosys?Infosys main competitors include Fujitsu, NEC, HCLTech, Cognizant, DCI Indonesia, Wipro, TD Synnex, Fidelity Information Services, Automatic Data Processing, Tata Consultancy Services.
What is the current market cap of Infosys?Infosys' current market cap is $54B.
What is the current revenue of Infosys?Infosys' last 12 months revenue is $20B.
What is the current revenue growth of Infosys?Infosys revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of Infosys?Current revenue multiple of Infosys is 2.5x.
What is the current EBITDA of Infosys?Infosys' last 12 months EBITDA is $5B.
What is Infosys' EBITDA margin?Infosys' last 12 months EBITDA margin is 23%.
What is the current EV/EBITDA multiple of Infosys?Current EBITDA multiple of Infosys is 11.3x.
What is the current FCF of Infosys?Infosys' last 12 months FCF is $3B.
What is Infosys' FCF margin?Infosys' last 12 months FCF margin is 16%.
What is the current EV/FCF multiple of Infosys?Current FCF multiple of Infosys is 15.5x.
How many companies Infosys has acquired to date?As of June 2026, Infosys has acquired 23 companies.
In how many companies Infosys has invested to date?As of June 2026, Infosys has invested in 11 companies.
What was the last Infosys investment?On 6th November 2024 Infosys invested in GalaxEye, participating in a $4M Series A round, alongside Faad Network, ideaForge, Mela Ventures, MGF Kavachh, Navam Capital, Rainmatter Capital, Samarthya Investment Advisors, and Speciale Invest.
In what companies Infosys invested in?Infosys invested in Trifacta, TidalScale, ideaForge, Waterline Data, WHOOP, CloudEndure, Cloudyn, ANSR, GalaxEye, Unsilo, and Speck Sensor.

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