Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Wipro.
Income Statement
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 | March 31, 2019 | March 31, 2018 | March 31, 2017 | March 31, 2016 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $897.60B | $904.88B | $790.93B | $619.43B | $610.23B | $585.85B | $544.87B | $550.40B | $512.44B | $469.55B |
| Cost of Revenue | $631.50B | $645.45B | $555.87B | $423.20B | $436.08B | $413.03B | $385.57B | $391.54B | $356.72B | $321.28B |
| Gross Profit | $266.11B | $259.43B | $235.06B | $196.22B | $174.15B | $172.81B | $159.30B | $158.86B | $155.72B | $148.26B |
| Gross Profit Ratio | 29.60% | 28.67% | 29.70% | 31.68% | 28.54% | 29.50% | 29.24% | 28.86% | 30.39% | 31.58% |
| Research and Development Expenses | $4.33B | $3.67B | $2.93B | $3.70B | $4.62B | $3.94B | $3.04B | $3.34B | $2.56B | $2.51B |
| General and Administrative Expenses | $113.33B | $59.14B | $46.38B | $34.69B | $29.82B | $35.95B | $34.14B | $32.02B | $28.46B | $25.85B |
| Selling and Marketing Expenses | $6.42B | $65.16B | $54.94B | $41.40B | $42.91B | $44.51B | $42.35B | $40.82B | $34.10B | $30.62B |
| Selling General and Administrative Expenses | $119.75B | $124.30B | $101.32B | $76.09B | $72.73B | $80.46B | $76.49B | $72.84B | $62.56B | $56.48B |
| Other Expenses | $- | $- | $-2.19B | $81.00M | $2.40B | $368.00M | $4.51B | $4.58B | $3.58B | $2.33B |
| Operating Expenses | $130.72B | $124.30B | $99.13B | $76.17B | $71.59B | $76.12B | $76.49B | $68.76B | $62.56B | $56.48B |
| Cost and Expenses | $762.22B | $769.74B | $655.00B | $499.37B | $507.67B | $489.15B | $462.06B | $460.30B | $419.29B | $377.76B |
| Interest Income | $19.48B | $16.89B | $13.11B | $18.44B | $21.76B | $20.26B | $17.81B | $17.31B | $20.57B | $19.86B |
| Interest Expense | $12.55B | $10.08B | $5.33B | $5.09B | $5.14B | $5.62B | $3.45B | $1.92B | $1.41B | $3.60B |
| Depreciation and Amortization | $32.37B | $31.59B | $30.91B | $25.24B | $20.86B | $17.16B | $20.48B | $20.05B | $14.97B | $12.82B |
| EBITDA | $192.37B | $189.38B | $187.45B | $168.41B | $148.48B | $138.23B | $126.41B | $133.08B | $135.48B | $128.10B |
| EBITDA Ratio | 21.43% | 20.49% | 22.76% | 26.85% | 23.80% | 23.28% | 22.34% | 23.71% | 25.11% | 23.78% |
| Operating Income | $135.39B | $139.61B | $140.29B | $123.05B | $105.73B | $99.91B | $84.29B | $93.88B | $97.02B | $95.42B |
| Operating Income Ratio | 15.10% | 15.40% | 17.70% | 19.87% | 17.33% | 17.05% | 15.47% | 17.06% | 18.93% | 20.32% |
| Total Other Income Expenses Net | $11.82B | $8.05B | $10.99B | $15.95B | $16.78B | $15.51B | $18.18B | $16.48B | $18.07B | $16.26B |
| Income Before Tax | $147.21B | $147.66B | $151.28B | $139.01B | $122.51B | $115.42B | $102.47B | $110.36B | $114.72B | $111.68B |
| Income Before Tax Ratio | 16.40% | 16.32% | 19.13% | 22.44% | 20.08% | 19.70% | 18.81% | 20.05% | 22.39% | 23.79% |
| Income Tax Expense | $36.09B | $33.99B | $28.95B | $30.34B | $24.80B | $25.24B | $22.39B | $25.21B | $25.30B | $24.62B |
| Net Income | $110.45B | $113.50B | $122.19B | $107.95B | $97.22B | $90.03B | $80.08B | $84.89B | $89.08B | $86.53B |
| Net Income Ratio | 12.31% | 12.54% | 15.45% | 17.43% | 15.93% | 15.37% | 14.70% | 15.42% | 17.38% | 18.43% |
| EPS | $10.45 | $10.36 | $11.18 | $9.56 | $8.34 | $7.50 | $6.32 | $6.56 | $6.79 | $6.61 |
| EPS Diluted | $10.41 | $10.34 | $11.15 | $9.54 | $8.31 | $7.48 | $6.31 | $6.54 | $6.78 | $6.59 |
| Weighted Average Shares Outstanding | 10.58B | 10.95B | 10.93B | 11.30B | 11.67B | 12.01B | 12.67B | 12.95B | 13.10B | 13.09B |
| Weighted Average Shares Outstanding Diluted | 10.61B | 10.98B | 10.96B | 11.32B | 11.70B | 12.04B | 12.69B | 12.99B | 13.13B | 13.13B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 | March 31, 2019 | March 31, 2018 | March 31, 2017 | March 31, 2016 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $96.95B | $91.88B | $103.84B | $169.79B | $144.50B | $158.53B | $44.92B | $52.71B | $99.05B | $158.94B |
| Short Term Investments | $311.17B | $309.99B | $247.44B | $176.33B | $190.69B | $220.72B | $249.09B | $292.03B | $202.38B | $53.91B |
| Cash and Short Term Investments | $408.12B | $401.87B | $351.28B | $346.12B | $335.18B | $379.25B | $294.02B | $344.74B | $301.43B | $212.85B |
| Net Receivables | $206.64B | $230.48B | $215.07B | $153.88B | $164.25B | $156.40B | $153.88B | $153.95B | $164.00B | $152.60B |
| Inventory | $4.17B | $1.19B | $1.33B | $1.06B | $1.86B | $3.95B | $3.37B | $3.92B | $5.39B | $4.85B |
| Other Current Assets | $30.80B | $27.56B | $53.07B | $22.13B | $18.54B | $22.93B | $51.72B | $31.12B | $20.87B | $27.70B |
| Total Current Assets | $649.74B | $661.10B | $620.75B | $523.19B | $519.85B | $571.91B | $506.16B | $538.90B | $505.59B | $436.49B |
| Property Plant Equipment Net | $99.56B | $107.36B | $109.77B | $101.61B | $97.87B | $70.60B | $64.44B | $69.79B | $64.95B | $54.21B |
| Goodwill | $316.00B | $307.97B | $246.99B | $139.13B | $131.01B | $116.98B | $117.58B | $125.80B | $101.99B | $68.08B |
| Intangible Assets | $32.75B | $43.05B | $43.55B | $13.09B | $20.90B | $20.09B | $26.91B | $26.44B | $24.38B | $7.93B |
| Goodwill and Intangible Assets | $348.75B | $351.01B | $290.54B | $152.21B | $151.91B | $137.06B | $144.50B | $152.23B | $126.37B | $76.01B |
| Long Term Investments | $31.07B | $21.52B | $20.31B | $12.37B | $11.49B | $8.93B | $8.87B | $7.10B | $4.91B | $3.87B |
| Tax Assets | $1.82B | $2.10B | $2.30B | $1.66B | $6.00B | $5.60B | $6.91B | $3.10B | $3.80B | $2.94B |
| Other Non-Current Assets | $21.52B | $32.73B | $35.51B | $40.39B | $29.94B | $39.07B | $29.76B | $22.39B | $19.30B | $26.51B |
| Total Non-Current Assets | $502.72B | $514.73B | $458.43B | $308.25B | $297.21B | $261.26B | $254.48B | $254.62B | $219.33B | $163.54B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.15T | $1.18T | $1.08T | $831.43B | $817.06B | $833.17B | $760.64B | $793.52B | $724.92B | $600.03B |
| Account Payables | $23.27B | $21.73B | $28.68B | $23.23B | $27.05B | $28.53B | $24.41B | $23.45B | $23.45B | $18.84B |
| Short Term Debt | $88.39B | $97.44B | $104.29B | $83.54B | $79.76B | $71.10B | $92.99B | $122.80B | $107.86B | $66.21B |
| Tax Payables | $21.76B | $18.85B | $13.23B | $17.32B | $11.73B | $9.54B | $9.42B | $8.10B | $7.01B | $8.04B |
| Deferred Revenue | $19.44B | $24.70B | $30.13B | $23.39B | $20.24B | $26.13B | $19.04B | $18.54B | $20.36B | $16.55B |
| Other Current Liabilities | $99.60B | $105.04B | $132.00B | $82.55B | $77.61B | $79.05B | $67.65B | $56.65B | $59.88B | $52.19B |
| Total Current Liabilities | $252.46B | $267.75B | $308.33B | $230.04B | $216.39B | $214.35B | $213.51B | $229.54B | $218.56B | $164.03B |
| Long Term Debt | $76.26B | $77.22B | $71.64B | $20.97B | $17.48B | $15.26B | $46.99B | $21.33B | $22.02B | $12.71B |
| Deferred Revenue Non-Current | $- | $24.90B | $123.00M | $123.00M | $17.11B | $13.11B | $11.02B | $13.79B | $12.98B | $6.77B |
| Deferred Tax Liabilities Non-Current | $17.47B | $15.15B | $12.14B | $4.63B | $2.83B | $3.42B | $3.06B | $6.61B | $5.11B | $3.24B |
| Other Non-Current Liabilities | $55.05B | $9.04B | $28.28B | $21.07B | $3.92B | $3.17B | $717.00M | $13.33B | $3.06B | $6.90B |
| Total Non-Current Liabilities | $148.78B | $126.32B | $112.18B | $46.80B | $41.34B | $48.07B | $61.79B | $41.28B | $38.06B | $26.38B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $401.24B | $394.07B | $420.51B | $276.84B | $257.73B | $262.42B | $275.29B | $270.82B | $256.62B | $190.41B |
| Preferred Stock | $- | $782.29B | $659.28B | $554.22B | $664.92B | $- | $- | $- | $- | $- |
| Common Stock | $10.45B | $10.98B | $10.96B | $10.96B | $11.43B | $12.07B | $9.05B | $4.86B | $4.94B | $4.94B |
| Retained Earnings | $630.94B | $660.96B | $551.25B | $466.69B | $519.91B | $534.70B | $453.26B | $490.93B | $425.74B | $372.25B |
| Accumulated Other Comprehensive Income Loss | $105.21B | $46.80B | $47.06B | $41.15B | $-106.81B | $-93.18B | $-83.64B | $-95.70B | $-85.33B | $-72.59B |
| Other Total Stockholders Equity | $3.29B | $3.69B | $1.57B | $714.00M | $628.00M | $533.00M | $800.00M | $469.00M | $14.64B | $14.03B |
| Total Stockholders Equity | $749.88B | $781.16B | $658.16B | $553.10B | $557.46B | $568.12B | $482.94B | $520.30B | $466.08B | $407.98B |
| Total Equity | $751.22B | $781.75B | $658.67B | $554.59B | $559.33B | $570.75B | $485.35B | $522.70B | $468.30B | $409.63B |
| Total Liabilities and Stockholders Equity | $1.15T | $1.18T | $1.08T | $831.43B | $817.06B | $833.17B | $760.64B | $793.52B | $724.92B | $600.03B |
| Minority Interest | $1.34B | $589.00M | $515.00M | $1.50B | $1.88B | $2.64B | $2.41B | $2.39B | $2.22B | $1.65B |
| Total Liabilities and Total Equity | $1.15T | $1.18T | $1.08T | $831.43B | $817.06B | $833.17B | $760.64B | $793.52B | $724.92B | $600.03B |
| Total Investments | $342.24B | $330.08B | $260.88B | $187.13B | $199.52B | $239.03B | $261.13B | $299.13B | $207.29B | $95.97B |
| Total Debt | $164.65B | $174.67B | $175.93B | $104.51B | $97.24B | $99.47B | $138.26B | $142.41B | $125.22B | $78.91B |
| Net Debt | $67.70B | $82.79B | $72.09B | $-65.28B | $-47.26B | $-59.06B | $93.33B | $89.70B | $26.17B | $-80.03B |
Cash Flow Statement
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 | March 31, 2019 | March 31, 2018 | March 31, 2017 | March 31, 2016 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $110.45B | $113.67B | $122.33B | $108.66B | $97.71B | $90.17B | $80.08B | $85.14B | $89.41B | $87.06B |
| Depreciation and Amortization | $34.07B | $33.40B | $30.91B | $27.66B | $20.86B | $19.47B | $21.12B | $23.11B | $14.97B | $12.82B |
| Deferred Income Tax | $36.09B | $33.99B | $28.95B | $30.34B | $24.80B | $25.24B | $22.39B | $25.21B | $25.30B | $24.62B |
| Stock Based Compensation | $5.59B | $3.97B | $4.11B | $2.31B | $1.26B | $1.94B | $1.35B | $1.74B | $1.53B | $1.14B |
| Change in Working Capital | $18.05B | $-14.56B | $-36.49B | $22.92B | $-23.86B | $27.16B | $-936.00M | $4.54B | $-6.15B | $-7.98B |
| Accounts Receivables | $14.38B | $-985.00M | $-11.83B | $12.85B | $-3.33B | $1.39B | $-9.73B | $3.35B | $-5.48B | $-5.93B |
| Inventory | $287.00M | $162.00M | $-256.00M | $803.00M | $2.08B | $-566.00M | $545.00M | $1.48B | $-541.00M | $-2.56B |
| Accounts Payables | $-435.00M | $-9.82B | $9.70B | $5.70B | $-12.40B | $20.84B | $4.50B | $-5.20B | $4.68B | $5.58B |
| Other Working Capital | $3.82B | $-3.91B | $-34.09B | $3.57B | $-10.21B | $5.50B | $3.75B | $4.92B | $-4.82B | $-5.07B |
| Other Non Cash Items | $-28.04B | $-39.87B | $-39.01B | $-44.34B | $-20.14B | $-47.68B | $-39.78B | $-46.97B | $-46.20B | $-39.40B |
| Net Cash Provided by Operating Activities | $176.22B | $130.60B | $110.80B | $147.55B | $100.64B | $116.32B | $84.23B | $92.77B | $78.87B | $78.26B |
| Investments in Property Plant and Equipment | $-10.51B | $-14.83B | $-20.15B | $-19.58B | $-23.50B | $-22.78B | $-21.87B | $-20.85B | $-13.95B | $-12.66B |
| Acquisitions Net | $-5.78B | $-45.57B | $-128.19B | $-9.87B | $-2.54B | $26.10B | $-6.65B | $-29.24B | $-39.37B | $-11.57B |
| Purchases of Investments | $-975.07B | $-806.63B | $-1.02T | $-1.17T | $-1.18T | $-930.61B | $-782.48B | $-813.44B | $-934.96B | $-590.48B |
| Sales Maturities of Investments | $978.60B | $740.88B | $953.74B | $1.19T | $1.21T | $954.95B | $830.45B | $729.75B | $830.65B | $575.08B |
| Other Investing Activities | $24.44B | $42.08B | $-14.40B | $20.38B | $25.47B | $22.46B | $16.13B | $17.49B | $19.48B | $13.82B |
| Net Cash Used for Investing Activities | $11.68B | $-84.06B | $-224.50B | $7.74B | $34.01B | $50.13B | $35.58B | $-116.28B | $-138.16B | $-25.82B |
| Debt Repayment | $-20.12B | $-17.59B | $58.58B | $-2.45B | $-32.82B | $-38.88B | $-10.98B | $13.12B | $35.25B | $20.88B |
| Common Stock Issued | $13.00M | $12.00M | $6.00M | $6.00M | $14.00M | $4.00M | $24.00M | $- | $4.00M | $1.00B |
| Common Stock Repurchased | $-145.17B | $- | $- | $-95.20B | $-105.31B | $- | $-110.31B | $-25.00B | $- | $- |
| Dividends Paid | $-5.22B | $-32.81B | $-5.47B | $-5.46B | $-6.86B | $-4.50B | $-5.42B | $-8.73B | $-35.49B | $-29.49B |
| Other Financing Activities | $-1.62B | $-10.49B | $-6.53B | $-25.74B | $-6.02B | $-5.99B | $-3.29B | $-2.14B | $-1.35B | $-1.16B |
| Net Cash Used Provided by Financing Activities | $-172.11B | $-60.88B | $46.59B | $-128.84B | $-151.00B | $-49.37B | $-129.98B | $-22.75B | $-1.59B | $-8.52B |
| Effect of Forex Changes on Cash | $-239.00M | $2.37B | $1.28B | $-890.00M | $1.92B | $526.00M | $375.00M | $-1.41B | $549.00M | $589.00M |
| Net Change in Cash | $5.09B | $-11.97B | $-65.83B | $25.56B | $-14.42B | $117.60B | $-9.79B | $-47.67B | $-60.32B | $44.51B |
| Cash at End of Period | $96.95B | $91.86B | $103.83B | $169.66B | $144.10B | $158.53B | $40.93B | $50.72B | $98.39B | $158.71B |
| Cash at Beginning of Period | $91.86B | $103.83B | $169.66B | $144.10B | $158.53B | $40.93B | $50.72B | $98.39B | $158.71B | $114.20B |
| Operating Cash Flow | $176.22B | $130.60B | $110.80B | $147.55B | $100.64B | $116.32B | $84.23B | $92.77B | $78.87B | $78.26B |
| Capital Expenditure | $-10.51B | $-14.83B | $-20.15B | $-19.58B | $-23.50B | $-22.78B | $-21.87B | $-20.85B | $-13.95B | $-12.66B |
| Free Cash Flow | $165.71B | $115.77B | $90.64B | $127.97B | $77.15B | $93.53B | $62.36B | $71.92B | $64.92B | $65.60B |