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Genpact Limited

G

Technology · 34.62 -2.1% today

Isolated · not yet confirmedMarket checked 10 Sept, 10:10 GMT-4

Market read

Genpact Limited's current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

What changed
  • Revenue increased 7.1% versus the comparable filing period.
Company-2.1% todayVolume comparison unavailable
Market group0 of 17 activeNo Coherent Theme · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
  • Year-over-year segment revenue growth tied to increased demand for data & AI, agentic and advisory services across reported segments (Financial Services 5.4%, Consumer & Healthcare 6.1%, High Tech & Manufacturing 8.0%).
  • Reported increase in interest expense tied to incremental interest on senior notes issued Nov 2025, partially offset by lower term loan expense from lower SOFR and reduced term loan volume.

Invalidation: The isolated read changes if G's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Information Technology Services

The latest filing is mixed. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 7.1% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Year-over-year segment revenue growth tied to increased demand for data & AI, agentic and advisory services across reported segments (Financial Services 5.4%, Consumer & Healthcare 6.1%, High Tech & Manufacturing 8.0%).
  • Reported increase in interest expense tied to incremental interest on senior notes issued Nov 2025, partially offset by lower term loan expense from lower SOFR and reduced term loan volume.

Company research

Understand the business, not just the ticker

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations326
Usable filing statements201
Verified relationships4
Evidence supporting the case
  • Latest annual revenue changed +6.6% year over year.
  • Operating cash flow covered net income at 1.47x in the latest annual period.
  • Demand and volume has repeated favorable evidence across 5 filings.
  • Labor availability and costs has repeated favorable evidence across 5 filings.
  • Macroeconomic conditions has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 37% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 43% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 9, 2026

34.84
6m-10.5%12m-21.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$4.0B+8.4%$1.91-1.4%
2022-12-31$4.4B+8.7%$1.88-2.5%
2023-12-31$4.5B+2.4%$3.41-1.6%
2024-12-31$4.8B+6.5%$2.85-2.5%
2025-12-31$5.1B+6.6%$3.13-2.1%

What management says matters

Persistent and emerging business drivers

Demand and volumepositive · 5 filings
Net revenues from our High Tech and Manufacturing segment increased by 7.8% in the first half of 2026 compared to the first half of 2025, primarily driven by an increase in demand for our Advanced Technology Solutions and technology services within our Core B…
10-Q · Aug 7, 2026
Labor availability and costsmixed · 5 filings
This increase was primarily driven by increased strategic investments in partnerships, alliances, and other sales and marketing capabilities, increased spending on professional services and wage inflation in the first half of 2026 compared to the first half o…
10-Q · Aug 7, 2026
Macroeconomic conditionsmixed · 5 filings
This increase was primarily driven by increased strategic investments in partnerships, alliances, and other sales and marketing capabilities, increased spending on professional services and wage inflation in the first half of 2026 compared to the first half o…
10-Q · Aug 7, 2026
Credit and interest ratesnegative · 4 filings
Our interest expense increased primarily due to incremental interest expense on our senior notes issued in November 2025, partially offset by (i) a reduction in interest expense on our senior notes issued in 2021, which were repaid in April 2026, and (ii) low…
10-Q · Aug 7, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.2× · EV/sales 1.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

34.62-2.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 10:10 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for G. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

The latest filing presents a mixed picture

10-Q filed 2026-08-07 against the comparable filing from 2025-08-11.

mixed
OperationsmixedEvidence score +1
liquidityneutralEvidence score 0
valuationmixed

Capital and cash conversion

Reported investment and cash context

Capital spending YoY
-14.4%
Capital spending / revenue
+1.4%
Free-cash-flow margin
+0.4%
FCF margin change
-6.6 pts

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 7.1% versus the comparable filing period.

What weakened

No thresholded deterioration was identified.

Filing receipts

This increase was primarily driven by the higher costs associated with an increase in revenue from resold partner technology in the second quarter of 2026 compared to the second quarter of 2025 as well as wage inflation in the second quarter of 2026 compared to the second quarter of 2025.

This increase was primarily driven by the higher costs associated with an increase in revenue from resold partner technology in the first half of 2026 compared to the first half of 2025 as well as wage inflation in the first half of 2026 compared to the first half of 2025.

This increase was primarily driven by increased strategic investments in partnerships, alliances, and other sales and marketing capabilities, increased spending on professional services and wage inflation in the first half of 2026 compared to the first half of 2025.

Point-in-time filing assessment published from the live pipeline.

Business ecosystem

The relationships behind G

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

GLPFiling-linked namepartnerAug 11, 2025

62 Financing Arrangements In December 2022, we entered into an amended and restated credit agreement (the "2022 Credit Agreement") with Genpact USA, Inc.

Depended on by

EPAMEPAM Systems, Inc.competitorFeb 26, 2026

7 Table of Contents We face competition from various technology services providers such as Accenture, Atos, Capgemini, Cognizant Technology Solutions, Deloitte Digital, DXC Technology, Endava, Genpact, GlobalLogic, Globant, Grid Dynamics, HCL Technologies, In…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

G is currently a Early Follower in the organic co-movement group No Coherent Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for G; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.