Genpact (G) Cash Flow: Operating & Free Cash Flow

Genpact (G) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Genpact generated $812.86M of operating cash flow and spent $78.20M on capital expenditures. That left free cash flow of $734.65M, up 38.6% from $530.19M a year earlier, or 14.5% of revenue. It returned $400.80M to shareholders through $117.75M in dividends and $283.05M in share buybacks.

Genpact Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Genpact Limited (G) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	552.49	513.67	631.26	353.40	369.45	308.28	304.88	281.26	260.84
Depreciation & Amortization	94.96	85.89	103.99	129.52	151.44	160.20	128.33	103.49	93.19
Deferred Income Tax	19.94	36.61	-157.93	-29.15	-9.26	-22.59	-16.32	6.05	-10.39
Stock Based Compensation	89.62	0.00	88.58	77.37	0.00	0.00	0.00	0.00	0.00
Change in Working Capital	17.89	-100.18	-182.24	-147.08	87.16	16.36	-47.25	-115.30	-36.58
Change in Accounts Receivable	-44.22	-96.56	-130.79	-112.34	-11.80	42.51	-121.98	-76.89	-57.27
Change in Accounts Payable	-6.42	8.73	-14.24	14.19	11.74	-12.48	-21.38	26.40	-2.16
Change in Other Working Capital	-169.59	-12.36	3.44	3.82	87.22	-13.67	96.11	-64.80	22.84
Other Operating Activities	57.90	79.44	3.44	30.46	95.50	121.44	58.24	63.24	49.75
Net Cash from Operating Activities	812.86	615.42	490.81	443.67	694.28	583.69	427.89	339.51	359.08
Investing Activities
Capital Expenditures	-78.20	-85.24	-58.78	-50.61	-57.25	-70.17	-108.76	-160.42	-73.67
Acquisitions	-80.38	2.64	-20.19	-0.03	-65.64	-186.03	-250.53	-115.63	-287.82
Purchases of Investments	-350.00	-23.36	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	23.36	0.00	0.00	-3.78	0.14	0.00	2.17	0.00	0.00
Other Investing Activities	-10.27	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-495.50	-105.96	-78.94	-36.59	-122.75	-266.40	-357.12	-276.05	-361.99
Financing Activities
Debt Repayment	-36.01	-58.65	-321.04	-632.94	49.04	135.43	131.30	81.31	314.66
Common Stock Issued	17.51	17.22	39.49	27.75	35.05	25.14	19.66	13.94	15.51
Common Stock Repurchased	-283.05	-252.67	-225.50	-214.08	-298.22	-137.11	-30.02	-154.16	-219.78
Dividends Paid	-117.75	-108.47	-100.01	-91.84	-80.48	-74.21	-64.67	-57.10	-46.69
Other Financing Activities	-37.52	-22.28	-2.40	-50.42	-38.28	-40.64	-16.64	-19.28	-16.52
Net Cash from Financing Activities	-106.82	-424.85	-483.00	-571.40	-332.88	-91.39	39.65	-135.19	47.19
Summary
Effect of Forex Changes on Cash	-4.96	-20.04	8.03	-88.37	-19.63	-12.56	-11.72	-64.35	37.57
Net Change in Cash	205.59	64.58	-71.13	-252.69	219.02	213.34	98.70	-136.07	81.85
Cash at Beginning of Period	648.25	583.67	646.77	899.46	680.44	467.10	368.40	504.47	422.62
Cash at End of Period	853.84	648.25	583.67	646.77	899.46	680.44	467.10	368.40	504.47
Free Cash Flow	734.65	530.19	432.04	393.06	637.03	513.52	319.13	179.09	285.41
Supplemental Disclosures
Interest Paid	59.69	68.91	47.99	51.15	46.35	-	-	-	-
Income Taxes Paid	143.65	113.63	156.73	145.98	31.76	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Genpact Cash Flow

What is Genpact's free cash flow?

Genpact generated free cash flow of $734.65M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $812.86M minus $78.20M of capital expenditures. That was up 38.6% from $530.19M a year earlier. Free cash flow equaled 14.5% of revenue.

How much does Genpact spend on capital expenditures?

Genpact spent $78.20M on capital expenditures in fiscal 2025, compared with $85.23M a year earlier. That equals 9.6% of operating cash flow.

Does Genpact pay dividends or buy back shares?

Yes. In fiscal 2025 Genpact returned $117.75M in dividends and $283.05M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition