ExlService Holdings, Inc.(EXLS)Earnings, Financials & Key Ratios

EXLS•NASDAQ

$30.97

$4.84B mkt cap·20.1× P/E·Price updated May 6, 2026

SectorTechnology IndustryIT Services Sub-IndustryCustomer Experience Outsourcing and BPO

AboutExlService Holdings, Inc. operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform. It also offers CareRadius, an integrated care management offering; and health care services related to care management, utilization management, disease management, payment integrity, revenue optimization and customer engagement to healthcare payers, providers, pharmacy benefit managers, and life sciences organizations. Further, it offers predictive and prescriptive analytics in the areas of customer acquisition and lifecycle management, risk underwriting and pricing, operational effectiveness, credit and operational risk monitoring and governance, payment integrity and care management, and data management. The company was founded in 1999 and is headquartered in New York, New York.Show more

Revenue$2.09B+13.6%
EBITDA$373M+9.5%
Net Income$251M+26.6%
EPS (Diluted)1.54+27.3%
Gross Margin38.37%+2.1%
EBITDA Margin17.86%-3.6%
Operating Margin15.03%+4.8%
Net Margin12.02%+11.5%
ROE27.25%+25.0%
ROIC20.43%+11.3%
Debt/Equity0.44+12.2%
Interest Coverage18.89+29.6%

Technical→

EXLS Key Insights

ExlService Holdings, Inc. (EXLS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 23.8%
✓Strong 5Y profit CAGR of 22.9%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 16.8%
✓Healthy 5Y average net margin of 10.9%

✗Weaknesses

✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

EXLS Price & Volume

ExlService Holdings, Inc. (EXLS) stock price & volume — 10-year historical chart

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EXLS Growth Metrics

ExlService Holdings, Inc. (EXLS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.76%

5 Years16.85%

3 Years13.92%

TTM13.35%

Profit CAGR

10 Years17.15%

5 Years22.91%

3 Years20.64%

TTM16.4%

EPS CAGR

10 Years17.77%

5 Years24.25%

3 Years21.91%

TTM18.94%

Return on Capital

10 Years15.31%

5 Years20.91%

3 Years22.21%

Last Year23.19%

EXLS Recent Earnings

ExlService Holdings, Inc. (EXLS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)

Q2 2026Latest

Apr 28, 2026

EPS

$0.58

Est $0.53

+9.4%

Revenue

$570M

Est $558M

+2.3%

Q1 2026

Feb 24, 2026

EPS

$0.50

Est $0.46

+8.7%

Revenue

$543M

Est $531M

+2.1%

Q4 2025

Oct 28, 2025

EPS

$0.48

Est $0.47

+3.2%

Revenue

$530M

Est $522M

+1.4%

Q3 2025

Jul 29, 2025

EPS

$0.49

Est $0.45

+8.9%

Revenue

$514M

Est $519M

-0.9%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 28, 2026	$0.58vs $0.53+9.4%	$570Mvs $558M+2.3%
Q1 2026	Feb 24, 2026	$0.50vs $0.46+8.7%	$543Mvs $531M+2.1%
Q4 2025	Oct 28, 2025	$0.48vs $0.47+3.2%	$530Mvs $522M+1.4%
Q3 2025	Jul 29, 2025	$0.49vs $0.45+8.9%	$514Mvs $519M-0.9%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
EPAMEPAM Systems, Inc.Direct Competitor	5.91B	107.00	13.65	0.8%	7.01%	9.97%	0.04
CTSHCognizant Technology Solutions CorporationDirect Competitor	24.32B	51.33	11.28	6.95%	10.41%	14.79%	0.10
TASKTaskUs, Inc.Direct Competitor	601.36M	6.68	6.07	18.95%	11.64%	21.23%	0.50
ACNAccenture plcProduct Competitor	108.69B	174.57	14.37	7.36%	10.65%	23.92%	0.25
IBMInternational Business Machines CorporationProduct Competitor	211.75B	225.74	20.21	7.62%	15.61%	35.44%	2.05
INFYInfosys LimitedProduct Competitor	51.26B	12.64	16.63	3.85%	16.16%	29.59%	0.09
WITWipro LimitedProduct Competitor	20.88B	1.99	15.12	-0.24%	15.05%	15.7%	0.23
HCKTThe Hackett Group, Inc.Product Competitor	257.5M	10.21	21.72	-2.62%	4.75%	15.84%	1.17

Compare EXLS vs Peers

ExlService Holdings, Inc. (EXLS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EPAM

Most directly comparable listed peer for EXLS.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare EXLS against a more recognizable public peer.

Peer Set

Compare Top 5

vs EPAM, CTSH, TASK, ACN

EXLS Income Statement

ExlService Holdings, Inc. (EXLS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	762.31M	883.11M	991.35M	958.43M	1.12B	1.41B	1.63B	1.84B	2.09B	2.16B
Revenue Growth %	11.13%	15.85%	12.26%	-3.32%	17.1%	25.82%	15.48%	12.74%	13.56%	13.35%
Cost of Goods Sold	495.59M	584.86M	655.49M	623.94M	690.93M	896.6M	1.02B	1.15B	1.29B	1.33B
COGS % of Revenue	65.01%	66.23%	66.12%	65.1%	61.56%	63.5%	62.73%	62.41%	61.63%	-
Gross Profit	266.72M▲ 0%	298.26M▲ 11.8%	335.86M▲ 12.6%	334.5M▼ 0.4%	431.36M▲ 29.0%	515.45M▲ 19.5%	607.77M▲ 17.9%	691.01M▲ 13.7%	801.08M▲ 15.9%	829.84M▲ 0%
Gross Margin %	34.99%	33.77%	33.88%	34.9%	38.44%	36.5%	37.27%	37.59%	38.37%	38.47%
Gross Profit Growth %	12.05%	11.82%	12.61%	-0.4%	28.96%	19.49%	17.91%	13.7%	15.93%	-
Operating Expenses	194.44M	248.44M	259.4M	224.48M	275.48M	323.29M	369.01M	427.39M	487.33M	502.68M
OpEx % of Revenue	25.51%	28.13%	26.17%	23.42%	24.55%	22.89%	22.63%	23.25%	23.34%	-
Selling, General & Admin	155.89M	179.81M	198.75M	174.01M	226.35M	267M	318.52M	372.17M	428.24M	443.15M
SG&A % of Revenue	20.45%	20.36%	20.05%	18.16%	20.17%	18.91%	19.53%	20.24%	20.51%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	38.55M	68.62M	60.65M	50.46M	49.13M	56.28M	50.49M	55.22M	59.08M	4M
Operating Income	72.72M▲ 0%	49.82M▼ 31.5%	76.45M▲ 53.5%	110.02M▲ 43.9%	155.88M▲ 41.7%	192.16M▲ 23.3%	238.75M▲ 24.2%	263.62M▲ 10.4%	313.75M▲ 19.0%	327.16M▲ 0%
Operating Margin %	9.54%	5.64%	7.71%	11.48%	13.89%	13.61%	14.64%	14.34%	15.03%	15.17%
Operating Income Growth %	12.76%	-31.49%	53.46%	43.91%	41.68%	23.27%	24.25%	10.41%	19.02%	-
EBITDA	111.71M	98.54M	155.98M	187.68M	231.34M	270.05M	309.22M	340.61M	372.83M	409.68M
EBITDA Margin %	14.65%	11.16%	15.73%	19.58%	20.61%	19.12%	18.96%	18.53%	17.86%	18.99%
EBITDA Growth %	12.75%	-11.79%	58.29%	20.32%	23.26%	16.73%	14.51%	10.15%	9.46%	12.31%
D&A (Non-Cash Add-back)	38.98M	48.72M	79.53M	77.66M	75.46M	77.89M	70.47M	76.98M	59.08M	82.52M
EBIT	86.92M	67.6M	96.71M	126.52M	154.12M	198.35M	251.12M	280.6M	332.66M	352.68M
Net Interest Income	-264K	-5.35M	-11.43M	-8.69M	-4.83M	-3.02M	-5.15M	-9.34M	-17.61M	-19.77M
Interest Income	1.63M	1.87M	2.18M	2.5M	2.73M	5.23M	8.03M	9.92M	0	10.12M
Interest Expense	1.89M	7.23M	13.61M	11.19M	7.56M	8.25M	13.18M	19.26M	17.61M	29.89M
Other Income/Expense	12.31M	10.3M	6.38M	5.08M	-9.27M	-1.63M	-661K	-2.39M	1.3M	-990K
Pretax Income	85.03M▲ 0%	60.12M▼ 29.3%	82.83M▲ 37.8%	115.1M▲ 39.0%	146.61M▲ 27.4%	190.53M▲ 30.0%	238.09M▲ 25.0%	261.23M▲ 9.7%	315.05M▲ 20.6%	326.17M▲ 0%
Pretax Margin %	11.15%	6.81%	8.36%	12.01%	13.06%	13.49%	14.6%	14.21%	15.09%	15.12%
Income Tax	36.15M	3.4M	15.17M	25.63M	31.85M	47.56M	53.54M	62.94M	63.73M	74.55M
Effective Tax Rate %	42.51%	5.65%	18.32%	22.26%	21.72%	24.96%	22.49%	24.09%	20.23%	22.86%
Net Income	48.89M▲ 0%	56.73M▲ 16.0%	67.66M▲ 19.3%	89.48M▲ 32.2%	114.76M▲ 28.3%	142.97M▲ 24.6%	184.56M▲ 29.1%	198.3M▲ 7.4%	251.02M▲ 26.6%	251.54M▲ 0%
Net Margin %	6.41%	6.42%	6.83%	9.34%	10.23%	10.12%	11.32%	10.79%	12.02%	11.66%
Net Income Growth %	-20.81%	16.03%	19.27%	32.25%	28.26%	24.58%	29.09%	7.44%	26.59%	16.4%
Net Income (Continuing)	48.89M	56.73M	67.66M	89.48M	114.76M	142.97M	184.56M	198.3M	251.02M	251.62M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	224K	250K	0	0	0	0	0	0	0	0
EPS (Diluted)	0.28▲ 0%	0.32▲ 14.3%	0.39▲ 21.9%	0.52▲ 33.3%	0.67▲ 28.8%	0.85▲ 26.9%	1.10▲ 29.4%	1.21▲ 10.0%	1.54▲ 27.3%	1.60▲ 0%
EPS Growth %	-22.22%	14.29%	21.88%	33.33%	28.85%	26.87%	29.41%	10%	27.27%	18.94%
EPS (Basic)	0.29	0.33	0.39	0.52	0.68	0.86	1.11	1.22	1.56	-
Diluted Shares Outstanding	175.86M	175.15M	173.66M	172.78M	171.22M	169.17M	168.16M	164.32M	162.48M	156.9M
Basic Shares Outstanding	175.55M	172.26M	171.75M	171.37M	167.75M	166.65M	166.34M	162.72M	161.03M	156.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

EXLS Balance Sheet

ExlService Holdings, Inc. (EXLS) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	452.82M	499.94M	539.59M	606.39M	576.66M	611.62M	676.37M	790.91M	829.96M	797.36M
Cash & Short-Term Investments	279.89M	285.98M	326.86M	407.51M	320.05M	302.59M	294.9M	350.55M	328.37M	253.76M
Cash Only	90.47M	101.49M	124.62M	223.22M	141.51M	123.57M	141.01M	163.33M	146.33M	145.41M
Short-Term Investments	178.48M	184.49M	202.24M	184.29M	178.54M	179.03M	153.88M	187.22M	182.04M	108.36M
Accounts Receivable	143.3M	178.9M	185.89M	165.28M	214.47M	275.85M	329.44M	359.8M	343.11M	388.56M
Days Sales Outstanding	68.61	73.94	68.44	62.94	69.75	71.3	73.74	71.44	59.99	64.6
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	8.6M	11.19M	7.32M	12.67M	10.83M	7.38M	8.71M	6.11M	158.49M	155.03M
Total Non-Current Assets	372.65M	562M	643.5M	641.47M	706.24M	734.5M	765.6M	827.5M	872.28M	879.02M
Property, Plant & Equipment	66.76M	73.51M	165.54M	184.79M	162.7M	138.18M	165.23M	170.62M	209.23M	202.37M
Fixed Asset Turnover	11.42x	12.01x	5.99x	5.19x	6.90x	10.22x	9.87x	10.77x	9.98x	11.01x
Goodwill	204.48M	349.98M	349.53M	349.09M	403.9M	405.64M	405.64M	420.39M	419.65M	418.66M
Intangible Assets	48.96M	95.5M	73.98M	59.59M	81.08M	64.82M	50.16M	49.33M	36.2M	32.98M
Long-Term Investments	13.31M	13.64M	14.3M	15.03M	13M	39.52M	18.95M	26.52M	8.2M	70.45M
Other Non-Current Assets	29.87M	22.77M	28.3M	25.21M	24.15M	30.56M	42.69M	55.89M	69.02M	265.58M
Total Assets	824.77M▲ 0%	1.06B▲ 28.8%	1.18B▲ 11.4%	1.25B▲ 5.5%	1.28B▲ 2.8%	1.35B▲ 4.9%	1.44B▲ 7.1%	1.62B▲ 12.2%	1.7B▲ 5.2%	1.68B▲ 0%
Asset Turnover	0.92x	0.83x	0.84x	0.77x	0.87x	1.05x	1.13x	1.14x	1.23x	1.26x
Asset Growth %	16.74%	28.75%	11.41%	5.47%	2.81%	4.93%	7.12%	12.24%	5.18%	26.48%
Total Current Liabilities	144.25M	155.09M	229.35M	221.08M	495.69M	277.95M	326.4M	290.12M	324.13M	299.51M
Accounts Payable	5.92M	5.65M	6.56M	6.99M	6.87M	7.79M	5.05M	5.88M	4.75M	11.26M
Days Payables Outstanding	4.36	3.53	3.66	4.09	3.63	3.17	1.8	1.87	1.35	1.98
Short-Term Debt	10.59M	21.65M	40.87M	25M	260.02M	30M	65M	4.89M	4.89M	21.81M
Deferred Revenue (Current)	10.72M	7.72M	13.44M	32.65M	20M	18.78M	12.32M	19.26M	15.36M	77.75M
Other Current Liabilities	64.93M	74.13M	89.46M	66.18M	74.98M	95.19M	112.71M	-2M	282.27M	243.54M
Current Ratio	3.14x	3.22x	2.35x	2.74x	1.16x	2.20x	2.07x	2.73x	2.56x	2.56x
Quick Ratio	3.14x	3.22x	2.35x	2.74x	1.16x	2.20x	2.07x	2.73x	2.56x	2.56x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	62.62
Total Non-Current Liabilities	80.48M	288.52M	283.74M	307.61M	94.06M	309.99M	226.13M	398.43M	465.4M	598.06M
Long-Term Debt	50.39M	263.24M	194.13M	201.96M	0	220M	135M	283.6M	293.71M	84.28M
Capital Lease Obligations	331K	315K	75.14M	85.16M	68.73M	48.16M	58.79M	61.2M	89.71M	212.58M
Deferred Tax Liabilities	892K	8.45M	966K	847K	965K	547K	1.5M	1.4M	4.3M	13.06M
Other Non-Current Liabilities	28.87M	16.52M	11.59M	18.72M	23.37M	36.88M	20.65M	35.36M	51.54M	629.98M
Total Liabilities	224.73M	443.62M	513.09M	528.68M	589.75M	587.94M	552.53M	688.54M	789.53M	897.58M
Total Debt	61.31M	285.2M	334.54M	331.24M	347.38M	313.65M	271.76M	366.61M	403.62M	106.09M
Net Debt	-29.16M	183.71M	209.92M	108.02M	205.87M	190.09M	130.74M	203.28M	257.3M	-39.32M
Debt / Equity	0.10x	0.46x	0.50x	0.46x	0.50x	0.41x	0.31x	0.39x	0.44x	0.44x
Debt / EBITDA	0.55x	2.89x	2.14x	1.76x	1.50x	1.16x	0.88x	1.08x	1.08x	0.26x
Net Debt / EBITDA	-0.26x	1.86x	1.35x	0.58x	0.89x	0.70x	0.42x	0.60x	0.69x	0.69x
Interest Coverage	46.02x	9.35x	7.10x	11.31x	20.38x	24.04x	19.05x	14.57x	18.89x	11.80x
Total Equity	600.04M▲ 0%	618.32M▲ 3.0%	670M▲ 8.4%	719.17M▲ 7.3%	693.16M▼ 3.6%	758.18M▲ 9.4%	889.44M▲ 17.3%	929.86M▲ 4.5%	912.71M▼ 1.8%	778.8M▲ 0%
Equity Growth %	12.75%	3.05%	8.36%	7.34%	-3.62%	9.38%	17.31%	4.54%	-1.85%	4.5%
Book Value per Share	3.41	3.53	3.86	4.16	4.05	4.48	5.29	5.66	5.62	4.96
Total Shareholders' Equity	599.82M	618.07M	670M	719.17M	693.16M	758.18M	889.44M	929.86M	912.71M	778.8M
Common Stock	37K	38K	39K	39K	40K	40K	203K	206K	209K	210K
Retained Earnings	427.06M	484.24M	551.9M	641.38M	756.14M	899.11M	1.08B	1.28B	1.53B	1.6B
Treasury Stock	-103.82M	-146.93M	-188.29M	-268.24M	-369.29M	-441.93M	-575.42M	-786.16M	-1.12B	-1.26B
Accumulated OCI	-45.71M	-83.47M	-84.89M	-74.98M	-89.47M	-144.14M	-127.04M	-154.72M	-180.73M	-237.37M
Minority Interest	224K	250K	0	0	0	0	0	0	0	0

EXLS Cash Flow Statement

ExlService Holdings, Inc. (EXLS) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	113.14M	92.44M	168.42M	202.97M	184.39M	166.14M	211.2M	268.52M	350.72M	350.72M
Operating CF Margin %	14.84%	10.47%	16.99%	21.18%	16.43%	11.77%	12.95%	14.61%	16.8%	-
Operating CF Growth %	12.85%	-18.3%	82.2%	20.52%	-9.16%	-9.9%	27.12%	27.14%	30.61%	20.04%
Net Income	48.89M	56.73M	67.66M	89.48M	114.76M	142.97M	184.56M	198.3M	251.02M	251.54M
Depreciation & Amortization	38.98M	48.72M	79.53M	77.66M	75.98M	77.89M	70.68M	55.22M	59.25M	61.26M
Stock-Based Compensation	23.04M	23.9M	26.07M	28.23M	38.62M	49.37M	58.44M	72.66M	79.47M	59.24M
Deferred Taxes	731K	-625K	-12.35M	2.7M	-20.33M	-19.55M	-31.74M	-19.89M	-15.06M	-9.81M
Other Non-Cash Items	4.59M	4.32M	-4.66M	-4.17M	15.66M	-8.41M	20.77M	3.43M	12.81M	-70.54M
Working Capital Changes	-3.1M	-40.6M	12.17M	9.08M	-40.31M	-76.12M	-91.5M	-41.2M	-36.76M	57.5M
Change in Receivables	-20.48M	-10.05M	-7.09M	24.7M	-37.68M	-68.12M	-49.24M	4.65M	-35.99M	-47.82M
Change in Inventory	22.32M	-25.27M	12.45M	-34.08M	10.72M	0	0	0	0	0
Change in Payables	1.71M	-360K	134K	243K	-614K	2.38M	-2.76M	20.51M	11.23M	6.79M
Cash from Investing	-222.74M	-277.49M	-51.38M	-18.32M	-114.27M	-96.55M	-12M	-119.1M	-49.26M	17.03M
Capital Expenditures	-35.15M	-40.44M	-40.14M	-42.22M	-37.25M	-44.84M	-52.8M	-46.26M	-52.6M	-52.59M
CapEx % of Revenue	4.61%	4.58%	4.05%	4.41%	3.32%	3.18%	3.24%	2.52%	2.52%	-
Acquisitions	-26.3M	-231.83M	-241K	-700K	-76.83M	-3.87M	-600K	-24.9M	0	85K
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-164.28M	-4.87M	0	916K	1.3M	266K	1.34M	215K	316.85M	282.74M
Cash from Financing	-20.48M	197.78M	-93.08M	-89.56M	-146.88M	-81.72M	-181.45M	-119.1M	-312.76M	-360.77M
Debt Issued (Net)	14.42M	239.49M	-52.7M	-11.12M	-29.23M	-10.14M	-50.17M	87.8M	9.49M	-9.14M
Equity Issued (Net)	-34.89M	-41.71M	-40.38M	-78.45M	-117.65M	-71.58M	-126.28M	-202.9M	-322.25M	-307.02M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-43.45M	-43.11M	-41.36M	-79.95M	-118.36M	-72.64M	-131.85M	-207.93M	-328.49M	-310.5M
Other Financing	0	0	0	0	0	0	-5M	-4M	0	-44.6M
Net Change in Cash	-126.53M▲ 0%	11.02M▲ 108.7%	23.13M▲ 109.9%	98.6M▲ 326.3%	-81.71M▼ 182.9%	-17.95M▲ 78.0%	17.45M▲ 197.2%	22.31M▲ 27.9%	-4.61M▼ 120.7%	6.3M▲ 0%
Free Cash Flow	77.99M▲ 0%	52M▼ 33.3%	128.28M▲ 146.7%	160.75M▲ 25.3%	147.14M▼ 8.5%	121.31M▼ 17.6%	158.4M▲ 30.6%	222.26M▲ 40.3%	298.12M▲ 34.1%	296.6M▲ 0%
FCF Margin %	10.23%	5.89%	12.94%	16.77%	13.11%	8.59%	9.71%	12.09%	14.28%	13.75%
FCF Growth %	4.81%	-33.32%	146.71%	25.31%	-8.47%	-17.56%	30.58%	40.32%	34.13%	20.71%
FCF per Share	0.44	0.30	0.74	0.93	0.86	0.72	0.94	1.35	1.83	1.83
FCF Conversion (FCF/Net Income)	2.31x	1.63x	2.49x	2.27x	1.61x	1.16x	1.14x	1.35x	1.40x	1.18x
Interest Paid	1.12M	4.72M	10.65M	7.63M	6.59M	8.19M	13.89M	19.6M	0	4.43M
Taxes Paid	19.13M	18.51M	19.09M	20.57M	50M	57.06M	104.88M	106.41M	0	33.37M

EXLS Key Ratios

ExlService Holdings, Inc. (EXLS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	8.64%	9.31%	10.5%	12.88%	16.25%	19.7%	22.4%	21.8%	27.25%	27.16%
Return on Invested Capital (ROIC)	11.71%	5.44%	6.82%	9.67%	13.55%	15.6%	18.19%	18.36%	20.43%	20.43%
Gross Margin	34.99%	33.77%	33.88%	34.9%	38.44%	36.5%	37.27%	37.59%	38.37%	38.47%
Net Margin	6.41%	6.42%	6.83%	9.34%	10.23%	10.12%	11.32%	10.79%	12.02%	11.66%
Debt / Equity	0.10x	0.46x	0.50x	0.46x	0.50x	0.41x	0.31x	0.39x	0.44x	0.44x
Interest Coverage	46.02x	9.35x	7.10x	11.31x	20.38x	24.04x	19.05x	14.57x	18.89x	11.80x
FCF Conversion	2.31x	1.63x	2.49x	2.27x	1.61x	1.16x	1.14x	1.35x	1.40x	1.18x
Revenue Growth	11.13%	15.85%	12.26%	-3.32%	17.1%	25.82%	15.48%	12.74%	13.56%	13.35%

EXLS SEC Filings & Documents

ExlService Holdings, Inc. (EXLS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 28, 2026·SEC

Material company update

Mar 18, 2026·SEC

Material company update

Feb 24, 2026·SEC

10-K Annual Reports

FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 28, 2025·SEC

FY 2025

Jul 29, 2025·SEC

EXLS Frequently Asked Questions

ExlService Holdings, Inc. (EXLS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

ExlService Holdings, Inc. (EXLS) reported $2.16B in revenue for fiscal year 2025. This represents a 3467% increase from $60.5M in 2004.

ExlService Holdings, Inc. (EXLS) grew revenue by 13.6% over the past year. This is steady growth.

Yes, ExlService Holdings, Inc. (EXLS) is profitable, generating $251.5M in net income for fiscal year 2025 (12.0% net margin).

Dividend & Returns

ExlService Holdings, Inc. (EXLS) has a return on equity (ROE) of 27.2%. This is excellent, indicating efficient use of shareholder capital.

ExlService Holdings, Inc. (EXLS) generated $296.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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ExlService Holdings, Inc.(EXLS)Earnings, Financials & Key Ratios

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