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Infosys vs Wipro: revenue, profit, margins and growth compared

Infosys brought in $19.3B of revenue in fiscal 2025, Wipro $10.4B in fiscal 2025. Revenue changed by +3.9% at Infosys and -3.2% at Wipro on the year before, so Infosys grew faster. Infosys kept 16.4% of its revenue as net profit, Wipro 14.7%.

Side by side, latest fiscal year

INFYWIT
Fiscal year endedFY2025 (March 31, 2025)FY2025 (March 31, 2025)
Revenue$19.3B$10.4B
Revenue growth+3.9%-3.2%
Net income$3.2B$1.5B
Net margin16.4%14.7%
Free cash flown/a$1.8B
Free cash flow marginn/a17.4%
Earnings per share (diluted)$0.76$0.14
Cash$2.9B$1.4B
Debtn/an/a
Price to earningsn/an/a
Market value$42.6B$17.3B
Dividend yieldn/an/a
Rank by revenue in sector#38 of 530 · Technology#57 of 530 · Technology

Over the years

Revenue
INFY FY2018: $10.9BINFY FY2019: $11.8BINFY FY2020: $12.8BINFY FY2021: $13.6BINFY FY2022: $16.3BINFY FY2023: $18.2BINFY FY2024: $18.6BINFY FY2025: $19.3BWIT FY2018: $8.4BWIT FY2019: $8.5BWIT FY2020: $8.1BWIT FY2021: $8.5BWIT FY2022: $10.4BWIT FY2023: $11BWIT FY2024: $10.8BWIT FY2025: $10.4BFY18FY19FY20FY21FY22FY23FY24FY25
INFY $19.3BWIT $10.4B
Net income
INFY FY2018: $2.5BINFY FY2019: $2.2BINFY FY2020: $2.3BINFY FY2021: $2.6BINFY FY2022: $3BINFY FY2023: $3BINFY FY2024: $3.2BINFY FY2025: $3.2BWIT FY2018: $1.2BWIT FY2019: $1.3BWIT FY2020: $1.3BWIT FY2021: $1.5BWIT FY2022: $1.6BWIT FY2023: $1.4BWIT FY2024: $1.3BWIT FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
INFY $3.2BWIT $1.5B
Net margin
INFY FY2018: 22.7%INFY FY2019: 18.6%INFY FY2020: 18.2%INFY FY2021: 19.3%INFY FY2022: 18.2%INFY FY2023: 16.4%INFY FY2024: 17.1%INFY FY2025: 16.4%WIT FY2018: 14.7%WIT FY2019: 15.3%WIT FY2020: 15.9%WIT FY2021: 17.4%WIT FY2022: 15.4%WIT FY2023: 12.5%WIT FY2024: 12.3%WIT FY2025: 14.7%FY18FY19FY20FY21FY22FY23FY24FY25
INFY 16.4%WIT 14.7%
Revenue growth
INFY FY2019: +7.9%INFY FY2020: +8.3%INFY FY2021: +6.1%INFY FY2022: +20.3%INFY FY2023: +11.7%INFY FY2024: +1.9%INFY FY2025: +3.9%WIT FY2019: +1.2%WIT FY2020: -4.5%WIT FY2021: +4.6%WIT FY2022: +23.1%WIT FY2023: +5.6%WIT FY2024: -2.2%WIT FY2025: -3.2%FY19FY20FY21FY22FY23FY24FY25
INFY +3.9%WIT -3.2%
Free cash flow
INFY FY2018: $1.9BINFY FY2019: $1.9BINFY FY2020: $2.1BWIT FY2018: $957MWIT FY2019: $1.4BWIT FY2020: $1BWIT FY2021: $1.8BWIT FY2022: $1.2BWIT FY2023: $1.4BWIT FY2024: $2BWIT FY2025: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
INFY $2.1BWIT $1.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Infosys and Wipro

Which is bigger by revenue, Infosys or Wipro?

Infosys is bigger by revenue: $19.3B in fiscal 2025, against $10.4B for Wipro in fiscal 2025.

Which keeps more of its revenue as profit, Infosys or Wipro?

Infosys had a net margin of 16.4% in fiscal 2025; Wipro had 14.7% in fiscal 2025.

Which grew revenue faster, Infosys or Wipro?

In their latest fiscal years revenue changed by +3.9% at Infosys and -3.2% at Wipro.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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