Wipro FY26 revenue declines 1.6% in constant currency
Wipro Limited's FY26 revenue fell 1.6% in constant currency to $10.5 billion, while net income rose 2.2% to $1.43 billion. The IT Services operating margin expanded to 17.2%, supported by a 14% growth in bookings to $16.4 billion. The company announced a ₹150 billion share buyback and an ₹11 per share dividend, alongside strategic investments in AI and acquisitions to bolster its engineering capabilities.
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Wipro Limited reported a 1.6% decline in constant currency revenue to $10.5 billion for the financial year ended March 31, 2026, amidst a cautious industry environment focused on efficiency and cost optimisation. The company's net income increased 2.2% to $1.43 billion, while earnings per share rose 2.1% to ₹12.8. The IT Services operating margin improved by 15 basis points to 17.2%. The Board approved a ₹150 billion share buyback, the largest in the company's history, and declared a total dividend of ₹11 per share for FY26, resulting in a payout ratio of 87.8% over the past three years.
Financial Performance and Strategic Investments
The 80th Annual General Meeting (AGM) held on July 15, 2026, highlighted the company's financial resilience and strategic pivot towards artificial intelligence. Bookings grew 14% to $16.4 billion, with large-deal bookings reaching $7.8 billion. The company secured four deals with a total contract value (TCV) over $500 million and closed 50 large deals during the year.
Wipro established a dedicated AI Native Business and Platforms unit at the start of FY27 to focus on enterprise-scale agentic AI. Additionally, the company committed $500 million to Wipro Ventures to invest in startups across AI, Data, and Security. The acquisition of HARMAN's Digital Transformation Solutions strengthened its engineering capabilities, particularly in Healthcare, Hi-tech, and Industrial Manufacturing.
Operational Highlights and Sustainability
The company's AI platforms, WINGS and WEGA, are central to its delivery, integrating AI across operations and software development. Wipro reported that renewable energy accounts for 94% of its operations, with a goal to reach 100% before 2030. Absolute freshwater consumption was reduced by 4.6%, and 98% of waste was recycled. Nearly 31,000 employees contributed over 35,000 volunteering hours through the 'Be the Change' platform.
FY26 Financial Summary
| Metric | Value | Change |
|---|---|---|
| IT Services Revenue | $10.5 billion | -1.6% (constant currency) |
| Net Income | $1.43 billion | +2.2% |
| Earnings Per Share | ₹12.8 | +2.1% |
| IT Services Operating Margin | 17.2% | +15 basis points |
| Bookings | $16.4 billion | +14% |
| Large-deal Bookings | $7.8 billion | Year-on-year growth |
AGM Proceedings and Dividend
The AGM confirmed the interim dividend of ₹5 per equity share declared on July 17, 2025, and the final dividend of ₹6 per equity share declared on January 16, 2026, for the financial year ended March 31, 2026. The meeting, attended by 168 members through video conferencing, also adopted the audited financial statements for FY26. Mr. Azim H. Premji was re-appointed as a director, retiring by rotation. The voting results will be available on the company's website on or before July 17, 2026.
Historical Stock Returns for Wipro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.98% | +1.88% | -3.65% | -34.19% | -33.03% | -39.08% |
How will the new dedicated AI Native Business unit impact revenue growth in FY27?
What is the expected ROI from the $500 million investment in Wipro Ventures over the next five years?
Will the record ₹150 billion share buyback limit Wipro's ability to fund future acquisitions?
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