Wipro Ltd. ADR (WIT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.04	$0.03	-25.0%	—	$244.8B	—
Q4 26	$2.6	$3.64	+40.0%	—	$242.4B	—
Q3 26	$0.04	$0.04	0.0%	—	$235.6B	—
Q2 26	$3.38	$3.39	+0.3%	—	$227B	—
Q1 26	$0.04	$0.04	0.0%	—	$221.3B	—
Q4 25	$0.04	$0.04	0.0%	—	$225B	—
Q3 25	$0.03	$0.04	+33.3%	—	$2.4B	—
Q2 25	$0.03	$0.04	+33.3%	—	$2.5B	—
Q1 25	$0.03	$0.03	0.0%	—	$219.6B	—
Q4 24	$0.03	$0.03	0.0%	—	$2.6B	—
Q3 24	$0.04	$0.03	-25.0%	—	$222.1B	—
Q2 24	$0.03	$0.03	0.0%	—	$225.2B	—
Q1 24	$0.03	$0.03	0.0%	—	$228.3B	—
Q4 23	$0.04	$0.03	-25.0%	—	$231.9B	—
Q3 23	$0.04	$0.03	-25.0%	—	$232.3B	—
Q2 23	$0.04	$0.03	-25.0%	—	$225.4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$12.6	—	—	$926.2B	—
FY25	—	$12.6	—	—	$890.9B	—
FY24	—	$10.4	—	—	$10.5B	—
FY23	—	$10.4	—	—	$904.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$550.4B	$544.9B	$585.8B	$610.2B	$619.4B	$790.9B	$904.9B	$10.5B	$890.9B	$926.2B
YoY change	+7.41%	-1%	+7.52%	+4.16%	+1.51%	+27.7%	+14.4%	-98.8%	+8.4K%	+3.97%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	550.4B	544.9B	585.8B	610.2B	619.4B	790.9B	904.9B	10.5B	890.9B	926.2B
Cost of revenue	391.5B	385.6B	413B	436.1B	423.2B	555.9B	645.4B	7.4B	617.8B	656.2B
Gross profit	158.9B	159.3B	172.8B	174.1B	196.2B	235.1B	259.4B	3.1B	273.1B	270B
Gross margin	28.9%	29.2%	29.5%	28.5%	31.7%	29.7%	28.7%	29.6%	30.7%	29.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	64.5B	76.5B	80.5B	72.7B	76.1B	101.3B	114.8B	1.4B	113.8B	109.7B
Operating expenses	60.4B	83.1B	76.1B	71.6B	76.2B	99.1B	114.2B	1.4B	113.8B	109.7B
Operating income	90.1B	82.8B	96.7B	102.6B	120.1B	135.9B	135.1B	1.6B	150.7B	149.1B
Operating margin	16.4%	15.2%	16.5%	16.8%	19.4%	17.2%	14.9%	14.9%	16.9%	16.1%
Non-operating income, net	4.9B	5.3B	4.1B	3.3B	4.8B	7.6B	5.7B	76.4M	11.8B	10.5B
Pretax income	110.4B	102.5B	115.4B	122.5B	139B	151.3B	147.7B	1.7B	175B	173.4B
Income tax	25.2B	22.4B	25.2B	24.8B	30.3B	28.9B	34B	420.7M	42.8B	40.8B
Net income	85.1B	80.1B	90.2B	97.7B	108.7B	122.3B	113.7B	1.3B	132.2B	132.7B
Net margin	15.5%	14.7%	15.4%	16%	17.5%	15.5%	12.6%	12.4%	14.8%	14.3%
EBITDA	131.3B	121.7B	136.4B	145.2B	166.3B	180B	185.3B	2.2B	202.2B	200.2B
EPS	6.56	6.32	7.5	8.34	9.55	11.2	10.4	10.4	12.6	12.6
Diluted EPS	6.53	6.31	7.47	8.31	9.54	11.1	10.3	10.4	12.5	12.6

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	225.2B	222.1B	2.6B	219.6B	2.5B	2.4B	225B	221.3B	227B	235.6B	242.4B	244.8B
Cost of revenue	159.2B	153.8B	1.8B	153.3B	1.7B	1.7B	155.5B	157.2B	159.8B	167.2B	171.9B	174.9B
Gross profit	66B	68.2B	756.2M	66.3B	766.9M	756M	69.5B	64.1B	67.1B	68.4B	70.4B	69.9B
Gross margin	29.3%	30.7%	29.2%	30.2%	30.5%	31%	30.9%	29%	29.6%	29%	29.1%	28.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	32.9B	35.6B	218.8M	30.1B	343.2M	335.2M	22.6B	28.6B	29.9B	33.4B	17.9B	31.5B
Operating expenses	32.9B	35.6B	218.8M	30.1B	343.2M	335.2M	22.6B	28.6B	29.9B	33.4B	17.9B	70.1B
Operating income	33.1B	32.6B	390.2M	36.3B	423.6M	420.8M	38.3B	35.5B	37.3B	34.9B	41.4B	38.4B
Operating margin	14.7%	14.7%	15.1%	16.5%	16.8%	17.3%	17%	16.1%	16.4%	14.8%	17.1%	15.7%
Non-operating income, net	890M	1.3B	36.3M	1.6B	25.1M	28.9M	5.4B	3.3B	2.2B	3.2B	1.8B	3B
Pretax income	35.1B	35.5B	450.3M	40.2B	482.7M	486M	47.4B	42.6B	42.8B	41.3B	46.7B	43.3B
Income tax	8.4B	8.5B	117M	9.8B	118.6M	118.6M	11.5B	9.2B	10.2B	9.9B	11.5B	9.8B
Net income	26.7B	27B	333.2M	30.4B	364M	367.4M	35.9B	33.4B	32.6B	31.4B	35.2B	33.6B
Net margin	11.8%	12.2%	12.9%	13.8%	14.5%	15.1%	15.9%	15.1%	14.4%	13.4%	14.5%	13.7%
EBITDA	46.2B	37.3B	450.1M	49.1B	591.6M	502.5M	47.8B	48.4B	49.7B	48.1B	54B	50.8B
EPS	2.53	2.58	—	2.88	3.07	3.21	3.41	3.18	3.1	2.98	3.34	3.2
Diluted EPS	2.52	2.58	—	2.87	3.06	3.2	3.39	3.17	3.09	2.97	3.33	3.2

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	2.9T	2.8T	2.1T	1.6T	3.1T	3.7T	2.1T	—	32B	22.2B	16B
Enterprise value	2.7T	2.7T	1.8T	1.3T	2.9T	3.5T	1.9T	—	-308.3B	-318.5B	-1.7B
Shares outstanding	1.1T	1.1T	1T	1T	979.3B	947.7B	949.5B	10.6B	10.5B	10.5B	10.5B

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	33.7	35.4	23	16	28.6	29.9	18.8	—	0.24	0.17	12.7
P/S	5.22	5.2	3.54	2.57	5.01	4.62	2.36	—	0.04	0.02	0.02
P/B	5.49	5.84	3.63	2.8	5.6	5.55	2.73	—	0.04	0.03	2
EV/EBITDA	20.3	22	13.1	9.16	17.2	19.3	10.3	—	-1.52	-1.59	-0.94
EV/Sales	4.84	4.91	3.04	2.18	4.62	4.4	2.1	—	-0.35	-0.34	-0.17
Earnings yield	2.97%	2.83%	4.35%	6.23%	3.5%	3.35%	5.33%	—	413.1%	597.3%	7.88%
FCF yield	2.5%	2.2%	4.51%	4.92%	4.12%	2.48%	5.43%	—	482.5%	602%	7.07%
PEG	—	—	—	—	—	—	—	—	—	—	20.2

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	28.9%	29.2%	29.5%	28.5%	31.7%	29.7%	28.7%	29.6%	30.7%	29.2%	28.5%
Operating margin	16.4%	15.2%	16.5%	16.8%	19.4%	17.2%	14.9%	14.9%	16.9%	16.1%	15.7%
Net margin	15.5%	14.7%	15.4%	16%	17.5%	15.5%	12.6%	12.4%	14.8%	14.3%	13.9%
ROE	16.3%	16.5%	15.8%	17.5%	19.6%	18.6%	14.5%	14.8%	15.9%	14.9%	16.1%
ROA	10.7%	10.5%	10.8%	12%	13.1%	11.3%	9.67%	9.64%	10.3%	9.35%	7.26%
ROIC	22.1%	19.8%	26.8%	25.5%	30%	22.7%	18.8%	20%	23.2%	20.8%	19.5%
Return on tangible assets	17.3%	16.9%	16.1%	18.7%	20.6%	24.6%	24%	24.4%	22.7%	22.6%	32.8%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.35	2.37	2.67	2.4	2.27	2.01	2.47	2.58	2.72	2.05	1.67
Quick ratio	2.33	2.35	2.65	2.39	2.27	2.01	2.46	2.57	2.71	2.05	1.67
Debt / equity	0.27	0.28	0.17	0.17	0.19	0.27	0.22	0.22	0.23	0.23	0.27
Debt / assets	0.18	0.18	0.12	0.12	0.13	0.16	0.15	0.14	0.15	0.14	0.16
Net debt / EBITDA	-1.58	-1.3	-2.12	-1.64	-1.45	-0.97	-1.23	-1.31	-1.68	-1.7	-0.9
Interest coverage	42.3	30.7	21.6	24.9	33.3	29.4	15.7	12.7	19.9	22.9	22.5
Effective tax rate	22.8%	21.8%	21.9%	20.2%	21.8%	19.1%	23%	24.5%	24.5%	23.5%	23.7%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	0.49	0.5	0.56	0.6	0.63	0.83	0.95	0.99	85.2	88.4	90.7
EPS (basic)	6.56	6.32	7.5	8.34	9.55	11.2	10.4	10.4	12.6	12.6	12.6
EPS (diluted)	6.53	6.31	7.47	8.31	9.54	11.1	10.3	10.4	12.5	12.6	0.13
Book value per share	0.47	0.44	0.55	0.55	0.57	0.7	0.82	0.83	79.4	84.7	0.82
FCF per share	0.06	0.06	0.09	0.08	0.13	0.1	0.12	0.18	14.8	12.8	11.9
Cash per share	0.31	0.27	0.37	0.33	0.35	0.37	0.42	0.45	50.9	51.9	39.9
Capex per share	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	1.26	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	3.57%	3.8%	3.56%	3.64%	3.04%	2.45%	1.58%	0.69%	1.48%	—	—
Capex / operating cash flow	14.2%	16.1%	14.2%	21.8%	10.7%	13.9%	8.89%	3.21%	6.72%	—	—
Payout ratio	10.3%	6.77%	4.99%	5.82%	5.02%	4.47%	28.9%	4.7%	47.5%	86.8%	87.7%
Dividend yield	0.3%	0.19%	0.22%	0.36%	0.18%	0.15%	1.54%	—	196.1%	518.7%	5.25%

Yield

5.25%

trailing twelve months

Frequency

Annual

Last dividend

$0.021

ex-dividend Jul 27, 2026

Payout ratio

88%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 27, 2026	$0.021
Jul 28, 2025	$0.058
Jan 28, 2025	$0.0693
Jan 23, 2024	$0.012
Jan 24, 2023

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$225.2B	$222.1B	$2.6B	$219.6B	$2.5B	$2.4B	$225B	$221.3B	$227B	$235.6B	$242.4B	$244.8B
YoY change	-0.11%	-4.41%	-98.9%	-3.8%	-98.9%	-98.9%	+8.6K%	+0.78%	+8.9K%	+9.6K%	+7.7%	+10.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	349.9B	296.7B	388.6B	335.2B	346.1B	351.3B	401.9B	4.8B	532.4B	543.6B
Receivables	94.8B	101B	100.5B	104.5B	94.3B	115.2B	126.3B	1.3B	117.7B	135.9B
Inventory	3.9B	3.4B	4B	1.9B	1.1B	1.3B	1.2B	10.6M	694M	517M
Total current assets	538.9B	506.2B	571.9B	519.9B	523.2B	620.8B	661.1B	7.6B	777.8B	826.4B
Property, plant & equipment	42.2B	38.8B	43.1B	45.7B	43.4B	43.1B	31.7B	280.8M	18.7B	16.4B
Goodwill & intangibles	301.1B	286.6B	274.1B	294.7B	304.4B	581.1B	702B	8.1B	704.9B	833.1B
Total assets	793.5B	760.6B	833.2B	817.1B	831.4B	1.1T	1.2T	13.4B	1.3T	1.4T
Accounts payable	23.5B	24.4B	28.5B	27.1B	23.2B	28.7B	21.7B	271.3M	22B	22.3B
Short-term debt	122.8B	93B	71.1B	79.8B	83.5B	104.3B	97.4B	1B	105.9B	174.6B
Total current liabilities	229.5B	213.5B	214.3B	216.4B	230B	308.3B	267.8B	2.9B	286.3B	403.2B
Long-term debt	19.6B	45.3B	28.4B	17.5B	21B	71.6B	77.2B	889.1M	86.1B	28.3B
Total liabilities	270.8B	275.3B	262.4B	257.7B	276.8B	420.5B	394.1B	4.7B	456.1B	531.4B
Shareholders' equity	522.7B	485.3B	570.8B	559.3B	554.6B	658.7B	781.8B	8.8B	830.4B	887.9B
Total debt	142.4B	138.3B	99.5B	97.2B	104.5B	175.9B	174.7B	1.9B	192B	202.9B
Net debt	89.7B	93.3B	-59.1B	-47.3B	-65.3B	72.1B	82.8B	789.2M	70.1B	97.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	435.3B	338B	4.8B	450.6B	5.8B	6.1B	532.4B	530.7B	510.3B	572.8B	543.6B	395.5B
Receivables	114.5B	108.1B	1.3B	114.1B	1.3B	1.3B	117.7B	118.1B	118.6B	135.8B	135.9B	132.7B
Inventory	1.4B	1.3B	10.6M	912M	11.9M	7.9M	694M	571M	740M	755M	517M	869M
Total current assets	691.1B	585B	7.6B	693.6B	8.5B	8.7B	777.8B	795.4B	769.3B	845.9B	826.4B	683.3B
Property, plant & equipment	28.6B	25B	280.8M	22.5B	223.2M	186.9M	18.7B	17.2B	16.2B	15.7B	16.4B	16.6B
Goodwill & intangibles	696.3B	695.7B	8.1B	694B	7.8B	7.7B	704.9B	708.7B	729B	794.3B	833.1B	912.5B
Total assets	1.2T	1.1T	13.4B	1.2T	14.2B	14.2B	1.3T	1.3T	1.3T	1.4T	1.4T	1.3T
Accounts payable	80.7B	78.9B	271.3M	22.2B	223M	175.2M	22B	19.7B	21.1B	20.1B	22.3B	20.9B
Short-term debt	97.4B	102.4B	1B	90.4B	1.3B	1.2B	105.9B	134.8B	136.5B	169.8B	174.6B	186.5B
Total current liabilities	402.7B	255.8B	2.9B	256.5B	3.2B	3.1B	286.3B	331.9B	341B	387.2B	403.2B	408.7B
Long-term debt	77.3B	76.8B	889.1M	78.5B	920.9M	903.9M	86.1B	24B	25.1B	28.3B	28.3B	26.3B
Total liabilities	531B	386.6B	4.7B	409.1B	5B	4.9B	456.1B	437.1B	448.1B	512.9B	531.4B	540.3B
Shareholders' equity	669.7B	699.7B	8.8B	781.8B	9.3B	9.3B	830.4B	870.6B	862.6B	899B	887.9B	776.8B
Total debt	174.7B	179.2B	1.9B	168.9B	2.2B	2.1B	192B	158.7B	161.6B	198B	202.9B	212.8B
Net debt	91.1B	81.3B	789.2M	70.6B	995.5M	740.1M	70.1B	33B	30.8B	79.1B	97.4B	124.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	85.1B	80.1B	90.2B	97.7B	108.7B	122.3B	113.7B	1.3B	132.2B	132.7B
Depreciation & amortization	23.1B	21.1B	19.5B	20.9B	27.7B	30.9B	33.4B	397.2M	29.6B	29.1B
Stock-based compensation	1.7B	1.3B	1.9B	1.3B	2.3B	4.1B	4B	65.1M	5.6B	4.5B
Change in working capital	4.5B	-936M	27.2B	-23.9B	22.9B	-36.5B	-14.6B	210.4M	10.3B	-13.9B
Operating cash flow	138B	128.4B	146.6B	101.8B	175.3B	140.1B	160.7B	2.2B	196.8B	149.3B
Capital expenditure	-19.6B	-20.7B	-20.8B	-22.2B	-18.8B	-19.4B	-14.3B	-72.1M	-13.2B	—
Investing cash flow	-133.7B	20.6B	29.6B	9.8B	-11.9B	-236.8B	-98.2B	-98.3M	-109.2B	-47.5B
Dividends paid	-8.7B	-5.4B	-4.5B	-5.7B	-5.5B	-5.5B	-32.8B	-60.8M	-62.8B	-115.2B
Share repurchases	-25B	-110.3B	0	-105.3B	-95.2B	0	0	-1.7B	0	0
Financing cash flow	-20.8B	-126.9B	-44.6B	-146.4B	-125.5B	51.7B	-52.2B	-2B	-55.3B	-134.9B
Net change in cash	-16.4B	22.2B	131.7B	-34.8B	37.9B	-45B	10.3B	142.4M	32.2B	-33.1B
Free cash flow	71.9B	62.4B	93.5B	77.1B	128B	90.6B	115.8B	1.9B	154.4B	133.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q1 25	Q2 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	30.6B	30.9B	28.9B	26.7B	30.4B	364M	35.9B	33.4B	32.6B	31.4B	35.2B	33.6B
Depreciation & amortization	9.2B	8.5B	7.4B	9B	7.3B	93.7M	7.2B	6.9B	6.9B	8.1B	7.3B	8B
Stock-based compensation	1.1B	300M	1.5B	1.6B	1.3B	14.7M	1.2B	436M	1.3B	1.4B	1.4B	601M
Change in working capital	2.6B	1.3B	-128M	1.3B	343M	-10.2M	-1.5B	-4.5B	-3.4B	6.6B	-12.7B	-7.7B
Operating cash flow	49.6B	47.2B	43.3B	44.7B	45B	515.6M	46.3B	38.6B	33.9B	42.6B	31.7B	32.9B
Capital expenditure	-2.8B	-2.9B	-1.2B	1.2B	-2.6B	-14.4M	-6.6B	-2.7B	—	—	—	—
Investing cash flow	-16.2B	-19.3B	-45.7B	100.8B	-42.5B	-692.6M	22.2B	-5.2B	20.6B	-56.2B	17B	92.4B
Dividends paid	0	-5.5B	0	0	0	0	-62.8B	0	-52.4B	0	-62.9B	0
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	-150.5B
Financing cash flow	-15.9B	-15.2B	-3.9B	2.4B	463M	203.1M	-70.4B	-39.4B	-56.1B	27.5B	-67B	-146.5B
Net change in cash	17.5B	12.7B	-6.3B	147.9B	2.9B	26.1M	-1.9B	-6B	-1.6B	13.9B	-18.3B	-21.2B
Free cash flow	40.4B	34.3B	35.3B	36.7B	37.3B	451.2M	30.6B	38.4B	30.5B	37.9B	26.9B	29.5B

Date	Ratio
Dec 11, 2024	2:1
Mar 15, 2019	4:3
Jun 22, 2017	2:1
Apr 9, 2013	1121:1000
Jun 23, 2010	5:3
Sep 2, 2005	2:1
Aug 19, 2005	1:1
Jul 2, 2004	3:1

Wipro Ltd. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history