Last 48 quarters of trend data · Technology · IT Consulting & Outsourcing
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 25.26 | 19.10 | 15.39 | 17.70 | 27.92 | 30.58 | 27.37 | 29.51 | 35.79 | 28.90 | 28.00 | 27.41 | 32.14 | 26.96 | 26.04 | 26.97 | 44.59 | 32.03 | 35.08 | 34.11 | 42.57 |
| — | -37.5% | -43.8% | -40.0% | -22.0% | +5.8% | -2.3% | +7.6% | +11.4% | +7.2% | +7.5% | +1.6% | -27.9% | -15.8% | -25.8% | -20.9% | +4.7% | -21.9% | +5.7% | +43.8% | +90.0% | |
| P/S Ratio | 2.79 | 2.07 | 1.66 | 2.09 | 3.18 | 3.36 | 3.49 | 3.88 | 3.79 | 3.30 | 2.87 | 3.04 | 3.11 | 2.86 | 3.14 | 3.43 | 3.83 | 3.44 | 3.59 | 3.69 | 4.18 |
| — | -38.5% | -52.5% | -46.0% | -16.1% | +2.0% | +21.9% | +27.7% | +21.8% | +15.3% | -8.7% | -11.4% | -18.7% | -16.9% | -12.6% | -7.1% | -8.4% | -5.6% | +7.6% | +24.6% | +42.1% | |
| P/B Ratio | 7.68 | 5.65 | 4.56 | 6.13 | 7.56 | 7.48 | 6.78 | 7.68 | 7.84 | 6.86 | 6.03 | 6.60 | 5.79 | 5.49 | 6.10 | 6.91 | 7.56 | 7.06 | 7.27 | 6.93 | 7.12 |
| — | -24.4% | -32.7% | -20.1% | -3.7% | +9.0% | +12.4% | +16.3% | +35.5% | +24.9% | -1.1% | -4.4% | -23.5% | -22.2% | -16.1% | -0.4% | +6.2% | +14.2% | +44.0% | +62.7% | +75.0% | |
| P/FCF | 24.12 | 12.79 | 13.46 | — | 16.19 | 16.74 | 18.93 | — | 19.14 | 16.00 | 20.45 | — | 19.11 | 21.93 | 37.53 | 387.18 | 27.40 | 30.32 | 17.57 | — | 19.77 |
| — | -23.6% | -28.9% | — | -15.4% | +4.6% | -7.4% | — | +0.1% | -27.0% | -45.5% | — | -30.2% | -27.7% | +113.6% | — | +38.6% | +45.1% | -39.7% | — | +86.6% | |
| EV / EBITDA | 16.35 | 13.27 | 10.58 | 12.17 | 17.77 | 16.82 | 19.34 | 20.42 | 20.13 | 19.30 | 18.01 | 17.78 | 18.39 | 13.94 | 18.07 | 18.20 | 21.30 | 18.72 | 19.50 | 20.11 | 23.43 |
| — | -21.1% | -45.3% | -40.4% | -11.7% | -12.8% | +7.4% | +14.8% | +9.5% | +38.4% | -0.3% | -2.3% | -13.7% | -25.5% | -7.3% | -9.5% | -9.1% | +4.4% | +14.2% | +50.4% | +79.7% | |
| EV / EBIT | 21.67 | 15.34 | 12.11 | 13.50 | 19.40 | 23.18 | 20.70 | 23.74 | 24.76 | 21.92 | 20.90 | 21.30 | 22.29 | 19.74 | 19.45 | 22.56 | 30.85 | 24.23 | 27.08 | 26.61 | 33.10 |
| — | -33.8% | -41.5% | -43.1% | -21.7% | +5.7% | -1.0% | +11.4% | +11.1% | +11.1% | +7.4% | -5.6% | -27.7% | -18.5% | -28.2% | -15.2% | -6.8% | -28.3% | +13.2% | +42.5% | +83.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.4% | 38.0% | 38.0% | 38.9% | 38.6% | 38.5% | 37.7% | 38.6% | 38.1% | 37.8% | 37.1% | 37.4% | 36.7% | 37.7% | 37.5% | 37.2% | 36.6% | 36.2% | 36.2% | 37.0% | 37.8% |
| — | -1.2% | +0.7% | +0.9% | +1.4% | +2.0% | +1.8% | +3.3% | +3.9% | +0.1% | -1.1% | +0.3% | +0.1% | +4.1% | +3.5% | +0.7% | -3.2% | -6.6% | -4.6% | -5.8% | -4.0% | |
| Operating Margin | 15.0% | 14.0% | 14.7% | 16.1% | 14.4% | 14.4% | 15.8% | 15.7% | 14.8% | 14.7% | 13.7% | 14.1% | 13.1% | 14.7% | 16.0% | 14.8% | 13.6% | 13.9% | 13.6% | 13.4% | 12.2% |
| — | -2.6% | -6.9% | +2.9% | -2.8% | -2.2% | +15.1% | +11.0% | +12.9% | +0.3% | -14.4% | -5.0% | -3.7% | +5.7% | +17.9% | +11.1% | +11.5% | -5.1% | +4.2% | -16.0% | -20.6% | |
| Net Margin | 12.0% | 10.8% | 10.8% | 11.8% | 11.1% | 11.0% | 12.8% | 13.3% | 10.5% | 11.2% | 10.2% | 11.2% | 9.7% | 10.7% | 12.1% | 12.8% | 8.5% | 10.8% | 10.3% | 11.0% | 9.6% |
| — | -1.2% | -15.5% | -11.5% | +5.5% | -2.2% | +25.6% | +18.9% | +8.2% | +5.2% | -15.6% | -12.8% | +14.5% | -1.3% | +17.2% | +16.6% | -11.2% | +18.5% | +1.5% | -10.0% | -26.0% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.2% | 7.7% | 7.8% | 7.9% | 6.5% | 5.8% | 6.4% | 6.9% | 5.5% | 6.0% | 5.5% | 5.8% | 4.6% | 5.2% | 6.0% | 6.6% | 4.4% | 5.6% | 5.2% | 5.2% | 4.1% |
| — | +32.7% | +23.1% | +15.7% | +17.1% | -4.1% | +15.1% | +19.0% | +19.5% | +16.1% | -8.1% | -12.8% | +6.0% | -7.7% | +16.4% | +27.3% | +6.0% | +49.9% | +34.2% | +17.5% | -8.9% | |
| ROA | 15.1% | 3.6% | 3.8% | 4.0% | 3.5% | 3.4% | 3.9% | 4.0% | 3.1% | 3.4% | 3.1% | 3.4% | 2.8% | 3.2% | 3.7% | 3.9% | 2.4% | 3.0% | 2.8% | 2.8% | 2.3% |
| — | +6.5% | -3.5% | -1.7% | +11.7% | -0.8% | +25.3% | +19.4% | +10.8% | +7.4% | -15.2% | -12.5% | +18.5% | +5.9% | +31.5% | +36.7% | +3.5% | +32.1% | +19.5% | +9.6% | -11.6% | |
| ROIC | 20.4% | 5.1% | 5.5% | 5.9% | 4.9% | 4.7% | 4.9% | 4.9% | 4.6% | 4.5% | 4.1% | 4.3% | 4.0% | 4.5% | 4.9% | 4.7% | 4.0% | 4.0% | 3.7% | 3.5% | 3.1% |
| — | +9.5% | +12.5% | +20.0% | +5.9% | +3.8% | +19.8% | +14.0% | +15.0% | +0.4% | -16.7% | -7.2% | -0.2% | +11.9% | +32.1% | +32.1% | +29.7% | +4.2% | +16.9% | -3.7% | -10.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.66 | 0.56 | 0.67 | 0.44 | 0.46 | 0.32 | 0.38 | 0.39 | 0.47 | 0.49 | 0.52 | 0.31 | 0.32 | 0.34 | 0.33 | 0.41 | 0.48 | 0.53 | 0.54 | 0.50 |
| — | +45.3% | +75.4% | +74.5% | +12.8% | -2.8% | -34.2% | -26.9% | +29.0% | +47.1% | +42.7% | +59.5% | -26.1% | -34.1% | -35.4% | -39.8% | -17.5% | +19.5% | +54.6% | +20.2% | +8.8% | |
| Debt / EBITDA | 1.08 | 5.72 | 4.79 | 4.90 | 4.03 | 3.96 | 3.58 | 3.94 | 3.94 | 5.06 | 5.52 | 5.32 | 3.79 | 3.14 | 3.91 | 3.35 | 4.51 | 4.90 | 5.41 | 5.98 | 6.33 |
| — | +44.6% | +33.9% | +24.4% | +2.4% | -21.8% | -35.2% | -25.9% | +4.0% | +61.2% | +41.0% | +58.8% | -16.1% | -35.8% | -27.7% | -44.0% | -28.7% | +8.0% | +19.7% | +10.3% | +11.2% | |
| Current Ratio | 2.56 | 2.16 | 1.24 | 2.66 | 2.56 | 2.89 | 3.13 | 3.39 | 2.73 | 3.00 | 2.44 | 2.53 | 2.07 | 2.12 | 2.36 | 2.01 | 2.20 | 2.02 | 2.10 | 2.57 | 1.16 |
| — | -25.2% | -60.3% | -21.5% | -6.1% | -3.9% | +28.4% | +34.0% | +31.6% | +41.8% | +3.5% | +26.0% | -5.8% | +5.0% | +12.1% | -21.9% | +89.1% | -17.3% | -19.2% | -14.5% | -57.6% | |
| Quick Ratio | 2.56 | 2.16 | 1.24 | 2.66 | 2.56 | 2.89 | 3.13 | 3.39 | 2.73 | 3.00 | 2.44 | 2.53 | 2.07 | 2.12 | 2.36 | 2.01 | 2.20 | 2.02 | 2.10 | 2.57 | 1.16 |
| — | -25.2% | -60.3% | -21.5% | -6.1% | -3.9% | +28.4% | +34.0% | +31.6% | +41.8% | +3.5% | +26.0% | -5.8% | +5.0% | +12.1% | -21.9% | +89.1% | -17.3% | -19.2% | -14.5% | -57.6% | |
| Interest Coverage | 18.89 | 14.68 | 17.57 | 24.13 | 5.51 | 16.17 | 20.79 | 20.35 | 14.81 | 13.40 | 12.21 | 20.00 | 18.79 | 18.04 | 20.92 | 18.53 | 13.99 | 22.06 | 32.18 | 54.96 | 51.31 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying EXLS stock.
ExlService Holdings, Inc.'s current P/E is 25.3x. The average P/E over the last 4 quarters is 20.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ExlService Holdings, Inc.'s current operating margin is 15.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ExlService Holdings, Inc.'s business trajectory between earnings reports.