Wipro Limited ADR
NYSE: WIT · TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES
Updated 2026-06-05
Wipro Limited ADR (WIT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.78B | $197.43B | $256.89B | $271.96B | $271.44B | $318.75B | $374.26B | $434.27B | $469.55B | $512.44B | $550.40B | $544.87B | $585.85B | $610.23B | $619.43B | $790.93B | $904.88B | $897.60B | $890.88B | $926.24B |
| Revenue growth (YoY) | — | +31.8% | +30.1% | +5.9% | -0.2% | +17.4% | +17.4% | +16.0% | +8.1% | +9.1% | +7.4% | -1.0% | +7.5% | +4.2% | +1.5% | +27.7% | +14.4% | -0.8% | -0.7% | +4.0% |
| Cost of revenue | $102.43B | $139.24B | $180.22B | $186.30B | $186.61B | $225.79B | $260.67B | $295.49B | $321.28B | $356.72B | $391.54B | $385.57B | $413.03B | $436.08B | $423.20B | $555.87B | $645.45B | $631.50B | $617.80B | $656.19B |
| Gross profit | $47.35B | $58.19B | $76.68B | $85.66B | $84.82B | $92.95B | $113.59B | $138.78B | $148.26B | $155.72B | $158.86B | $159.30B | $172.81B | $174.15B | $196.22B | $235.06B | $259.43B | $266.11B | $273.08B | $270.05B |
| Gross margin | 31.6% | 29.5% | 29.8% | 31.5% | 31.2% | 29.2% | 30.4% | 32.0% | 31.6% | 30.4% | 28.9% | 29.2% | 29.5% | 28.5% | 31.7% | 29.7% | 28.7% | 29.6% | 30.7% | 29.2% |
| R&D | $259.21M | $400.00M | — | — | — | — | — | $2.66B | $2.56B | $2.59B | $3.23B | $3.07B | $3.90B | $4.97B | $3.66B | $2.98B | $3.76B | $4.36B | $4.36B | — |
| SG&A | $7.64B | $10.82B | $14.51B | $14.82B | $16.84B | $30.67B | $38.40B | $44.07B | $47.39B | $50.89B | $56.30B | $34.14B | $35.95B | $29.82B | $34.69B | $88.96B | $107.04B | $113.33B | $105.87B | $109.73B |
| Operating income | $29.94B | $33.71B | $43.30B | $51.84B | $54.44B | $59.91B | $69.97B | $89.35B | $95.42B | $96.86B | $93.88B | $84.29B | $99.91B | $105.73B | $123.05B | $135.93B | $135.13B | $133.73B | $150.69B | $149.86B |
| Operating margin | 20.0% | 17.1% | 16.9% | 19.1% | 20.1% | 18.8% | 18.7% | 20.6% | 20.3% | 18.9% | 17.1% | 15.5% | 17.1% | 17.3% | 19.9% | 17.2% | 14.9% | 14.9% | 16.9% | 16.2% |
| EBITDA | $33.92B | $42.56B | $52.99B | $64.28B | $68.13B | $76.59B | $90.29B | $112.98B | $125.27B | $131.10B | $133.08B | $126.41B | $138.19B | $148.51B | $168.54B | $187.51B | $187.07B | $187.84B | $213.78B | $178.11B |
| EBITDA margin | 22.6% | 21.6% | 20.6% | 23.6% | 25.1% | 24.0% | 24.1% | 26.0% | 26.7% | 25.6% | 24.2% | 23.2% | 23.6% | 24.3% | 27.2% | 23.7% | 20.7% | 20.9% | 24.0% | 19.2% |
| EBIT | $29.94B | $37.20B | $46.13B | $56.73B | $59.91B | $66.46B | $79.46B | $101.87B | $112.45B | $116.14B | $113.03B | $105.92B | $121.03B | $127.65B | $143.31B | $156.60B | $155.48B | $155.47B | $184.20B | $149.86B |
| Interest expense | $118.26M | $1.06B | $2.40B | $1.23B | $1.93B | $3.49B | $863.00M | $2.89B | $768.00M | $1.41B | $1.92B | $3.45B | $5.62B | $5.14B | $4.30B | $5.33B | $10.08B | $12.55B | $9.25B | $13.61B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $29.25B | $32.24B | $38.86B | $45.93B | $52.98B | $55.73B | $66.36B | $77.97B | $86.53B | $89.08B | $84.89B | $80.08B | $90.03B | $97.22B | $107.95B | $122.19B | $113.50B | $110.45B | $131.35B | $131.97B |
| Net income growth (YoY) | — | +10.2% | +20.5% | +18.2% | +15.3% | +5.2% | +19.1% | +17.5% | +11.0% | +2.9% | -4.7% | -5.7% | +12.4% | +8.0% | +11.0% | +13.2% | -7.1% | -2.7% | +18.9% | +0.5% |
| Profit margin | 19.5% | 16.3% | 15.1% | 16.9% | 19.5% | 17.5% | 17.7% | 18.0% | 18.4% | 17.4% | 15.4% | 14.7% | 15.4% | 15.9% | 17.4% | 15.4% | 12.5% | 12.3% | 14.7% | 14.2% |
Frequently asked questions
What is Wipro Limited ADR's revenue?
Wipro Limited ADR's trailing twelve-month revenue is $926.24B, and consensus projects about $1.23T by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is WIT?
In its most recent fiscal year, WIT ran a gross margin of 29.16%, an operating margin of 16.18%, and a net margin of 14.25%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does WIT generate?
WIT produced $133.71B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is WIT's balance sheet healthy?
WIT holds $105.56B in cash and equivalents against $1.96B in long-term debt, on $859.40B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.