Company research / EXLS

ExlService Holdings, Inc. (EXLS)

CIK 0001297989 · Nasdaq · Services-Business Services, NEC

  • Sector Services
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, ExlService Holdings, Inc. reported revenue of $2.09B. Revenue grew 13.6% from the prior annual period. Over the twelve months to 2026-03-31, revenue was $2.16B.

Key ratios (year ended 2025-12-31)

38.4%
Gross margin
15.0%
Operating margin
12.0%
Net margin
27.5%
Return on year-end equity
13.6%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-02

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-03-31 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 5-for-1, first reflected in a filing dated 2023-10-26. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-03-31
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$2.16B$2.09B$1.84B$1.63B$1.41B$1.12B$958.43M$991.35M$883.11M$762.31M$685.99M
Gross Profit$829.84M$801.08M$691.01M$607.77M$515.45M$431.36M$334.50M$335.86M$298.26M$267.17M$238.27M
Operating Income$327.16M$313.75M$263.62M$238.75M$192.16M$155.88M$110.02M$76.45M$49.82M$72.72M$64.50M
Depreciation & Amortization$59.70M$59.25M$55.22M$50.28M$56.10M$49.66M$50.51M$52.19M$48.72M$38.98M$34.58M
EBITDA$386.86M$373.00M$318.84M$289.04M$248.26M$205.54M$160.53M$128.65M$98.54M$111.71M$99.08M
Net Income$251.54M$251.02M$198.30M$184.56M$142.97M$114.76M$89.48M$67.66M$56.73M$48.89M$61.73M
EPS (Diluted)n/a$1.54$1.21$1.10$0.85$0.67$2.59$1.95$1.62$1.39$1.79
Total Assets$1.68B$1.70B$1.62B$1.44B$1.35B$1.28B$1.25B$1.18B$1.06B$825.47M$706.53M
Total Liabilities$897.58M$789.53M$688.54M$552.53M$587.94M$589.75M$528.68M$513.09M$443.62M$225.43M$174.35M
Long-Term Debt$417.38M$298.60M$288.48M$200.00Mn/a$260.02M$226.96M$235.00M$302.11M$709.0Kn/a
Shareholders' Equity$778.80M$912.71M$929.86M$889.44M$758.18M$693.16M$719.17M$670.00M$618.07M$599.82M$531.99M
Cash & Equivalents$145.41M$146.33M$153.35M$136.95M$118.67M$135.34M$218.53M$119.17M$95.88M$86.80M$213.16M
Operating Cash Flow$349.19M$350.72M$268.52M$211.20M$166.14M$184.39M$202.97M$168.42M$92.44M$113.16M$102.39M
Capital Expenditures$52.59M$52.60M$46.26M$52.80M$44.84M$37.25M$42.22M$40.55M$40.79M$35.15M$25.85M
Free Cash Flow$296.60M$298.12M$222.26M$158.40M$121.31M$147.14M$160.75M$127.88M$51.65M$78.00M$76.55M
Share Repurchases$476.48M$328.49M$207.93M$131.85M$72.64M$118.36M$79.95M$41.36M$43.11M$43.45M$18.20M
Shares Outstanding153.00M156.43M161.80M165.28M166.17M33.29M33.56M34.19M34.22M33.89M33.63M
Weighted Average Diluted Sharesn/a162.48M164.32M168.16M169.17M171.22M34.56M34.73M35.03M35.11M34.56M
EPS (Basic)n/a$1.56$1.22$1.11$0.86$0.68$2.61$1.97$1.65$1.44$1.84

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