What was filed
On 15 June 2026, Infosys informed the BSE, NSE and New York Stock Exchange that it had filed its Annual Report on Form 20-F for the year ended 31 March 2026 with the US Securities and Exchange Commission, accompanied by a press release. The Form 20-F is the annual report required of a foreign private issuer whose American Depositary Shares are listed in the US, and Infosys said it will furnish the report to ADS holders online in lieu of physical distribution, as permitted under NYSE rules.
While the intimation itself is procedural, the attached Form 20-F contains the company's audited full-year consolidated financial statements, prepared under IFRS as issued by the IASB and audited by Deloitte Haskins & Sells LLP, which issued an unqualified opinion and an unqualified opinion on internal control over financial reporting.
The year in the numbers
Per the filing, fiscal 2026 revenue rose to USD 20,158 million from USD 19,277 million in fiscal 2025, a reported-currency increase the company attributes to higher realization, improved pricing and productivity, incremental revenue from acquired companies and favourable foreign-currency translation. In constant-currency terms, the filing states revenue grew 3.1%.
Reported operating margin declined to 20.3% of revenue from 21.1%, which the company links partly to a USD 143 million charge recognised for the impact of India's newly notified Labour Codes on gratuity and compensated-absence liabilities. Net profit edged up in absolute terms while the effective tax rate fell, reflecting reversals of tax provisions relating to prior assessment years. The panel below sets out the load-bearing figures.
Why the shape of the year matters
The filing frames fiscal 2026 as a year of subdued industry growth reshaped by AI, with client spending shifting toward AI-related investments. Infosys describes a two-pronged AI strategy and references market estimates of an incremental AI-first services opportunity, while cautioning through its risk factors that AI adoption may compress pricing and reduce demand for certain traditional services.
The Form 20-F also carries several disclosures relevant to holders beyond the headline results: an ongoing US Department of Justice investigation into how the company classified certain H-1B visa-recipient employees, for which the company says it cannot predict the outcome; the completed December 2025 share buyback of 100,000,000 equity shares at ₹1,800 per share; and continued capital return under a policy of returning approximately 85% of free cash flow over a five-year period.