Friday 6 November 2026
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Genpact Limited
G Technology Information Technology Services
Genpact Limited’s revenue for fiscal 2025 (year ended December 2025) was $5.1 billion, up 6.56% from fiscal 2024.
- Revenue
- +7.29%
- EPS
- +7.14%
- Free cash flow
- −70.8%
- Total debt
- −2.39%
Quarter to September 2026, against a year earlier
42.40
1.30
+3.16%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2,571 | 2,737 | 3,001 | 3,521 | 3,709 | 4,022 | 4,371 | 4,477 | 4,767 | 5,080 | 5,344 | +7.9% | 5,436 | 5,821 | 6,288 | +7.4% | |
| Gross margin, % | 39.54 | 38.56 | 35.96 | 34.82 | 34.81 | 35.60 | 35.15 | 35.08 | 35.45 | 36.04 | 36.88 | (3.5) pt | ||||||
| EBT | 330 | 321 | 362 | 399 | 400 | 483 | 465 | 602 | 677 | 730 | 770 | +9.2% | ||||||
| EBT margin, % | 12.82 | 11.71 | 12.06 | 11.35 | 10.80 | 12.01 | 10.64 | 13.45 | 14.20 | 14.37 | 14.41 | +1.5 pt | ||||||
| Net income | 270 | 263 | 282 | 305 | 308 | 369 | 353 | 631 | 514 | 552 | 588 | +8.3% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 12.43 | 14.12 | 15.74 | 18.52 | 19.48 | 21.42 | 23.73 | 24.55 | 26.72 | 29.21 | 31.83 | +10.0% | |||||
| Earnings | 1.30 | 1.36 | 1.48 | 1.60 | 1.62 | 1.97 | 1.92 | 3.46 | 2.88 | 3.18 | 3.46 | +10.4% | ||||||
| Cash flow | 1.67 | 1.85 | 1.78 | 2.25 | 3.07 | 3.70 | 2.41 | 2.69 | 3.45 | 4.67 | 2.55 | +12.1% | ||||||
| Capex | (0.43) | (0.37) | (0.84) | (0.56) | (0.42) | (0.27) | (0.29) | (0.32) | (0.46) | (0.51) | (0.17) | +2.0% | ||||||
| Free cash flow | 1.25 | 1.48 | 0.94 | 1.69 | 2.65 | 3.43 | 2.11 | 2.37 | 2.99 | 4.17 | 2.38 | +14.4% | ||||||
| Book value | 6.22 | 7.35 | 7.36 | 8.89 | 9.63 | 10.10 | 9.91 | 12.33 | 13.40 | 14.66 | 16.13 | +10.0% | ||||||
| Shares, m | 207 | 194 | 191 | 190 | 190 | 188 | 184 | 182 | 178 | 174 | 170 | (1.9%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 18.79 | 23.82 | 18.11 | 26.36 | 25.37 | 26.94 | 24.58 | 10.02 | 14.86 | 14.71 | 12.25 | 20.4 | |||||
| P/S | 1.97 | 2.29 | 1.72 | 2.28 | 2.12 | 2.48 | 1.99 | 1.42 | 1.61 | 1.60 | 1.33 | 1.9 | ||||||
| P/B | 3.93 | 4.41 | 3.67 | 4.75 | 4.29 | 5.25 | 4.76 | 2.82 | 3.21 | 3.19 | 2.63 | 4.0 | ||||||
| EV/Sales | 2.15 | 2.55 | 2.03 | 2.55 | 2.37 | 2.67 | 2.17 | 1.57 | 1.72 | 1.67 | 1.46 | 2.1 | ||||||
| EV/FCF | 20.91 | 24.35 | 33.83 | 28.02 | 17.41 | 16.67 | 24.33 | 16.26 | 15.41 | 11.70 | 23.46 | 20.9 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 346 | 359 | 340 | 428 | 584 | 694 | 444 | 491 | 615 | 813 | 429 | +10.0% | |||||
| Capex | (88) | (72) | (160) | (107) | (80) | (51) | (54) | (59) | (83) | (88) | (29) | 0.0% | ||||||
| Free cash flow | 258 | 287 | 180 | 321 | 505 | 643 | 389 | 432 | 533 | 724 | 400 | +12.2% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 496 | 595 | 379 | 641 | 546 | 613 | 676 | 574 | 1,116 | 1,054 | 1,139 | +8.7% | |||||
| Net debt | 475 | 711 | 936 | 976 | 910 | 756 | 780 | 683 | 550 | 338 | 1,174 | (3.7%) | ||||||
| Shareholders’ equity | 1,287 | 1,424 | 1,404 | 1,689 | 1,834 | 1,897 | 1,826 | 2,248 | 2,390 | 2,549 | 2,709 | +7.9% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 9.50 | 8.31 | 8.08 | 7.64 | 6.61 | 7.50 | 7.39 | 13.44 | 10.49 | 10.20 | 10.70 | +0.7 pt | |||||
| ROIC | 12.11 | 9.70 | 9.30 | 10.07 | 9.99 | 11.99 | 12.04 | 13.45 | 14.93 | 16.24 | 12.84 | +4.1 pt | ||||||
| ROE | 20.82 | 19.41 | 19.94 | 19.71 | 17.50 | 19.80 | 18.98 | 30.99 | 22.15 | 22.37 | 22.41 | +1.6 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 75,000 | 78,000 | 87,000 | 96,500 | 96,500 | 103,100 | 118,900 | 129,100 | 140,000 | 146,500 | — | +7.7% | |||||
| Revenue/emp, $m | 0.03 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | — | +0.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| High Tech and Manufacturing | 1,998 | 39.34% |
|---|---|---|
| Consumer and Healthcare | 1,725 | 33.95% |
| Financial Services | 1,357 | 26.71% |
| Gross margin | 36.04% | |
| Operating margin | 14.77% | |
| Pre-tax margin | 14.37% |
Genpact Limited vs peers in Information Technology Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| EPAM EPAM Systems, Inc. | $8.6B | 19.8× | 16.8× | +2.30% (above 0%: growing) | +31.97% (above 0%: growing) | −4.27% (below 0%: shrinking) | 31.26% | 12.33% | Compare |
| G Genpact Limited | $6.9B | 12.3× | 11.2× | +7.29% (above 0%: growing) | +7.14% (above 0%: growing) | −70.83% (below 0%: shrinking) | 38.02% | 15.23% | |
| EXLS ExlService Holdings, Inc. | $6.6B | 25.7× | 23.9× | +19.71% (above 0%: growing) | +25.86% (above 0%: growing) | −3.65% (below 0%: shrinking) | 38.04% | 14.02% | Compare |
| SAIC Science Applications International Corporation | $6.2B | 16.9× | 18.0× | +6.27% (above 0%: growing) | −11.40% (below 0%: shrinking) | +13.91% (above 0%: growing) | 12.71% | 8.09% | Compare |
| INGM Ingram Micro Holding Corporation | $5.6B | 12.8× | 12.9× | +20.76% (above 0%: growing) | +35.71% (above 0%: growing) | +220.66% (above 0%: growing) | 6.55% | 1.93% | Compare |
| PSN Parsons Corporation | $5.3B | 32.3× | 30.6× | +1.78% (above 0%: growing) | +6.03% (above 0%: growing) | +67.52% (above 0%: growing) | 23.15% | 6.29% | Compare |
| MAAS Maase Inc. - Sponsored ADR | $4.6B | — (loss-making) | — (loss-making) | −60.12% (below 0%: shrinking) | +62.50% (above 0%: growing) | +82.86% (above 0%: growing) | 0.00% | 0.00% | Compare |
| APLD Applied Digital Corporation | $4.3B | — (loss-making) | — (loss-making) | +322.41% (above 0%: growing) | n/m | −506.67% (below 0%: shrinking) | 15.30% | (18.25%) | Compare |
| GDS GDS Holdings | $4.3B | 8.2× | 7.4× | +12.41% (above 0%: growing) | n/m | +142.21% (above 0%: growing) | 21.51% | 14.22% | Compare |
| Median of peers | $5.5B | 18.3× | 17.4× | +9.34% | +28.92% | +40.72% | 18.41% | 7.19% |
Pay and ownership Proxy statement filed 11 March 2026
Ownership
Directors and executive officers, together
1.58%
FMR, LLC
11.85%
The Vanguard Group
9.99%
BlackRock, Inc
9.33%
Nalanda India Equity Fund Limited
7.74%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Genpact Limited (G) Latest News
6 Nov
28 Oct
19 Oct
9 Aug
7 Aug
6 Aug
G metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Genpact helps businesses run and change their operations. It manages processes for clients, advises them on how to redesign those processes, and builds or supports the technology and data systems used to carry them out. Its clients include companies in financial services, consumer goods, healthcare, high technology and manufacturing.
The company divides its offerings into Core Business Services and Advanced Technology Solutions. Core services include managed operations, technology support and decision support. For example, Genpact can process invoices, support insurance claims, manage procurement or help maintain a client’s business applications. Its decision support work uses data and analytical models to help clients with functions such as supply chains and financial planning.