| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 86 | 12.0x | 17.3x | Top tier | |
Growth | 47 | 6.5% | 7.1% | Around median | |
Quality | 75 | 14.8% | 4.5% | Top tier | |
Safety | 76 | 1.0x | 2.6x | Top tier | |
Capital Return | 93 | 1.77% | 0.06% | Top tier | |
Momentum | 65 | -15.3% | -1.6% | Around median | |
Sentiment | 45 | 9 | 3 | Around median |
The floor: what the company is worth if growth stopped today
8% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Genpact Limited provides enterprise business process operations and technology transformation services, from finance, procurement, and supply chains to insurance and banking. It generates revenue through Core Business Services, which includes digital operations, decision support, and technology services, and through Advanced Technology Solutions, which combines data, artificial intelligence, digital technologies, consulting, and agentic solutions. In quarter 2 of fiscal year 2026 (ended 2026-06-30), revenue not linked to headcount exceeded 50% of revenue as the company shifted toward fixed-fee contracts and consumption- and outcome-based pricing.
According to EL7 data, revenue in quarter 2 of fiscal year 2026 (ended 2026-06-30) was approximately 1.3 billion dollars, net income was 145.7 million dollars, and diluted earnings per share were 0.86 dollars. Gross margin was 36.5%, and operating margin, as calculated by EL7, was 14.4%. A reliable comparison of year-over-year revenue growth or year-over-year margin changes is not available for this quarter. According to EL7 data, operating cash flow for the same period was 72.4 million dollars, making a full year a clearer measure of cash generation strength than this quarter alone.
Advanced Technology Solutions revenue in quarter 2 of fiscal year 2026 (ended 2026-06-30) was approximately 363 million dollars, representing 27% of revenue under the company's classification, and grew by more than 24% compared with the same quarter of the previous fiscal year. Core Business Services revenue for the same period was 980 million dollars, growing 1.9% compared with the same quarter of the previous fiscal year. Acceleration is therefore concentrated in the smaller technology business, while the larger core business remains exposed to the effects of returning some work that does not align with the Agentic Operations strategy to clients.
Q2 FY2026
Last 12 months to 2026-06-30
When: 2026-11-05
Quarter 3 of fiscal year 2026 revenue within the guidance range of 1.369 billion dollars to 1.382 billion dollars
Advanced Technology Solutions growth of 25% in quarter 3 of fiscal year 2026 compared with the same quarter of the previous fiscal year
The industry-multiple valuation is 54 dollars, within a range of 30 to 70 dollars, valuing next year's earnings at a median multiple of 12.2 across 44 peer companies. The median target from 7 analysts is 39 dollars, within a range of 31 to 45 dollars, and reflects their growth expectations, with this method tending toward optimism. The no-growth valuation is 35 dollars at a discount rate of 8.7%, measuring the value of current after-tax operating profit remaining constant forever. The median analyst target is closer to the no-growth valuation than to the higher industry-multiple valuation, because valuing next year's earnings in line with peers produces a different estimate from holding current operating profit constant or analysts' estimates of the growth trajectory; the target and industry-multiple ranges also overlap despite their different central values.
Figures in the text are as of 2026-10-19; the live price is shown at the top of the page.
Genpact generates revenue from enterprise business process operations, technology services, and consulting, divided between Core Business Services and Advanced Technology Solutions. In quarter 2 of fiscal year 2026 (ended 2026-06-30), core business revenue was 980 million dollars, compared with 363 million dollars for advanced technology solutions, which represented 27% of revenue under the company's classification. The technology business includes data, artificial intelligence, consulting, and digital technologies, so its revenue does not consist entirely of agentic solutions revenue. The chief financial officer explained on the 2026-08-06 call that these solutions' contribution to technology business revenue was still very small.
Genpact is targeting total contract value exceeding 1 billion dollars for agentic solutions in fiscal year 2026, and this represents contract value rather than recognized revenue for the same period. On the 2026-08-06 call, management described these contracts as multiyear agreements with recurring revenue and minimum volume commitments. More than half of cumulative awarded bookings for these solutions came from new clients, expanding the potential business base. Converting these bookings into operating implementations and actual revenue remains the test linking reported demand to financial results.
Automated analysis for informational purposes only — not investment advice.
Gross margin at 36.6% in quarter 3 of fiscal year 2026
Genpact is excluding parts of commoditized content management and call center work because they do not meet its criteria for returns, differentiation, and market breadth under the Agentic Operations strategy. Management expects this to reduce revenue growth by approximately two percentage points in fiscal year 2026 and approximately 3 percentage points in quarter 3 of fiscal year 2026. Nevertheless, on the 2026-08-06 call, it maintained its outlook for company revenue growth of at least 7% in fiscal year 2026 compared with the previous fiscal year. Offsetting this impact depends on expected Advanced Technology Solutions growth of at least 25% for fiscal year 2026 compared with the previous fiscal year.
According to EL7 data, operating cash flow for the trailing 12 months through 2026-06-30 was approximately 644.0 million dollars, equivalent to 111% of net income of 582.7 million dollars for the same period. Free cash flow as calculated by EL7 (operating cash flow minus capital expenditure) for the trailing 12 months through 2026-06-30 was approximately 592.4 million dollars, compared with share buybacks of 310.1 million dollars for the same period. Diluted shares declined by 3.7% to 170.4 million shares in quarter 2 of fiscal year 2026 (ended 2026-06-30), compared with the same quarter of the previous fiscal year. Meanwhile, according to EL7 data, debt at the end of that quarter was 1.4 billion dollars, compared with cash and short-term investments of 517.4 million dollars, keeping financial obligations among the factors used to assess cash allocation.
The confirmed earnings announcement date is 2026-11-05, and the most important comparison benchmark is the guidance for quarter 3 of fiscal year 2026. Management set revenue targets between 1.369 billion dollars and 1.382 billion dollars, with Advanced Technology Solutions growth of at least 25% compared with the same quarter of the previous fiscal year. It is also targeting a gross margin of 36.6% and an adjusted operating income margin of 17.8% for that quarter. These results will show how effectively the technology business and an improved business mix can offset the expected impact of returning nonstrategic work to clients.