Want to see G full AI Analyst Report?
Top Page
Genpact
(NYSE:G)
Select Model
Select Model
Rating:77Outperform
Price Target:
$38.00
▲(2.01% Upside)
Action:Reiterated
Date:10/08/26
The score is driven primarily by strong underlying financial quality (durable margins, strong ROE, and improved leverage) and an attractive valuation (low P/E with a dividend). A positive earnings outlook and strategic momentum in Advanced Technology Solutions/agentic offerings further support the rating, while weaker technical signals and some near-term growth/cash-flow volatility temper the overall score.
Positive Factors
Advanced technology and agentic growth
Rapid growth in Advanced Technology Solutions and agentic offerings is shifting Genpact toward higher-value work with stronger revenue efficiency. More than half of cumulative awarded agentic value came from new clients, supporting broader adoption and a potentially durable growth engine.
Negative Factors
Strategic transition creates revenue headwinds
The move away from commoditized and non-strategic work should improve business quality over time, but it creates a multi-quarter revenue drag before replacement growth fully offsets the losses. The transition spans four to six quarters, extending execution and forecasting pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Advanced technology and agentic growth
Rapid growth in Advanced Technology Solutions and agentic offerings is shifting Genpact toward higher-value work with stronger revenue efficiency. More than half of cumulative awarded agentic value came from new clients, supporting broader adoption and a potentially durable growth engine.
Read all positive factors
Genpact Key Performance Indicators (KPIs)
Any
Number of Clients Greater Than $25m Revenue
Indicates the number of major clients contributing significantly to revenue, highlighting reliance on large accounts and potential risks if any major client is lost.
Indicates the number of major clients contributing significantly to revenue, highlighting reliance on large accounts and potential risks if any major client is lost.
Data provided by:
The Fly
The FlyGenpact (G) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.78B
Dividend Yield2.13%
Average Volume (3M)1.90M
Price to Earnings (P/E)10.1
Beta (1Y)0.68
Revenue Growth6.89%
EPS Growth11.22%
CountryUS
Employees141,000
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)3.40
Shares Outstanding168,034,410
10 Day Avg. Volume1,831,431
30 Day Avg. Volume1,897,911
Financial Highlights & Ratios
PEG Ratio1.41
Price to Book (P/B)3.19
Price to Sales (P/S)1.60
P/FCF Ratio11.07
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue1.06
Enterprise Value/Gross Profit2.91
Enterprise Value/Ebitda6.29
Forecast
1Y Price Target
$41.25Price Target Upside10.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)4.12
Revenue Forecast (FY)$5.44B
Genpact Business Overview & Revenue Model
Company Description
Genpact Limited (G) is a global professional services firm specializing in business process management and information technology solutions. The company extends its offerings across diverse geographies, including India, the wider Asian market, Nor...
How the Company Makes Money
Genpact primarily makes money by charging enterprise clients for delivering outsourced business services and transformation work under commercial contracts. Its core revenue model is service-based and includes: (1) Managed services (often multi-ye...
Genpact Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call was strongly positive, with record bookings, accelerating Advanced Technology Solutions growth, expanding margins, double-digit adjusted EPS growth, increasing agentic demand, and raised full-year guidance. The main challenges were the planned revenue impact from transitioning away from non-strategic work, near-term pressure on Core Business Services, extended transition timing, and noted employee and attrition trends.Positive Updates
Strong Second-Quarter Revenue Growth
Total revenue was $1.343 billion, up 7.1% year-over-year.
Negative Updates
Transition Away from Non-Strategic Work
The transition away from work not aligned with the Agentic Operations strategy is expected to reduce total 2026 revenue growth by nearly two points. The work is concentrated in small portions of the business, including certain content management activities and commoditized contact-center work.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Second-Quarter Revenue Growth
Total revenue was $1.343 billion, up 7.1% year-over-year.
Read all positive updates
Company Guidance
For 2026, Genpact expects at least 7% year-over-year revenue growth on an as-reported basis, despite nearly two points of impact from transitioning away from work not aligned with its Agentic Operations strategy; Core Business Services revenue is still expected to grow, while Advanced Technology Solutions revenue is expected to grow at least 25%, adjusted diluted EPS is expected to grow at least 12%, full-year gross margin is expected to expand to 50 basis points to 36.5%, and adjusted operating income margin is expected to increase approximately 25 basis points to 17.7%. For the third quarter, total revenue is expected between $1.369 billion and $1.382 billion, or 6.5% growth at the midpoint, Advanced Technology Solutions revenue growth is expected to accelerate to at least 25% year-over-year, Core Business Services is expected to be flat to slightly down after about three points of impact, gross margin is expected to expand to 36.6%, adjusted operating income margin to increase to 17.8%, and adjusted diluted EPS to be $1.04 to 1.05. Genpact is on track to book over $1 billion in total contract value in Agentic solutions in 2026, five times more than 2025; the transition is expected over the next four to six quarters, with the dollar impact for 2027 currently expected to be slightly larger.Genpact Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.25B | 5.08B | 4.77B | 4.48B | 4.37B | 4.02B |
| Gross Profit | 1.92B | 1.81B | 1.69B | 1.57B | 1.54B | 1.43B |
| EBITDA | 888.39M | 874.70M | 826.11M | 772.52M | 652.86M | 709.01M |
| Net Income | 582.65M | 552.49M | 513.67M | 631.25M | 353.40M | 369.45M |
Balance Sheet | ||||||
| Total Assets | 5.41B | 5.84B | 4.99B | 4.81B | 4.59B | 4.98B |
| Cash, Cash Equivalents and Short-Term Investments | 517.39M | 1.20B | 671.61M | 583.67M | 646.76M | 899.46M |
| Total Debt | 1.41B | 1.76B | 1.45B | 1.50B | 1.70B | 2.00B |
| Total Liabilities | 2.81B | 3.29B | 2.60B | 2.56B | 2.76B | 3.08B |
| Stockholders Equity | 2.60B | 2.55B | 2.39B | 2.25B | 1.83B | 1.90B |
Cash Flow | ||||||
| Free Cash Flow | 572.11M | 734.65M | 530.19M | 432.04M | 389.28M | 637.03M |
| Operating Cash Flow | 643.96M | 812.86M | 615.42M | 490.81M | 443.67M | 694.28M |
| Investing Cash Flow | -91.31M | -495.50M | -105.96M | -78.94M | -36.59M | -122.75M |
| Financing Cash Flow | -645.42M | -106.81M | -424.85M | -483.00M | -571.40M | -332.88M |
Genpact Technical Analysis
Positive
37.25
Price Trends
35.02
Negative
32.88
Positive
35.85
Negative
Market Momentum
-0.30
Negative
51.23
Neutral
71.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For G, the sentiment is Positive. The current price of 37.25 is above the 20-day moving average (MA) of 34.00, above the 50-day MA of 35.02, and above the 200-day MA of 35.85, indicating a neutral trend. The MACD of -0.30 indicates Negative momentum. The RSI at 51.23 is Neutral, neither overbought nor oversold. The STOCH value of 71.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for G.
Genpact Risk Analysis
Genpact disclosed 43 risk factors in its most recent earnings report. Genpact reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Genpact Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $127.93B | 15.30 | 26.77% | 3.08% | 6.47% | 11.19% | |
77 Outperform | $5.78B | 10.12 | 22.91% | 2.13% | 6.89% | 11.22% | |
76 Outperform | $5.58B | 23.14 | 28.49% | ― | 13.63% | 9.52% | |
75 Outperform | $43.48B | 13.80 | 32.90% | 4.88% | -0.64% | 5.69% | |
74 Outperform | $26.67B | 12.70 | 14.94% | 2.20% | 5.64% | -5.39% | |
65 Neutral | $16.84B | 12.87 | 15.58% | 5.10% | -0.12% | -7.87% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
G
Genpact
34.40
-4.35
-11.22%
ACN
Accenture
209.06
-28.20
-11.88%
CTSH
Cognizant
59.20
-5.68
-8.75%
EXLS
Exlservice Holdings
36.79
-4.02
-9.85%
INFY
Infosys
10.73
-5.54
-34.05%
WIT
Wipro
1.70
-0.90
-34.69%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.