ExlService Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,088	1,838	1,631	1,412	1,122
Revenue Growth (YoY)	13.56%	12.74%	15.48%	25.82%	17.10%
Cost of Revenue	1,287	1,147	1,023	896.6	690.93
Gross Profit	801.08	691.01	607.77	515.45	431.36
Selling, General & Admin	428.24	372.17	318.52	267.01	226.35
Depreciation & Amortization Expenses	59.08	55.22	50.49	56.28	49.13
Operating Income	313.75	263.62	238.76	192.16	155.88
Interest Income	0.31	0.11	-0.15	-0.43	-0.05
Interest Expense	17.61	19.26	13.18	8.25	7.56
Other Non-Operating Income (Expense)	18.91	16.98	12.37	6.19	-1.76
Total Non-Operating Income (Expense)	36.83	36.35	25.39	14.01	5.76
Pretax Income	315.05	261.35	237.94	190.1	146.56
Provision for Income Taxes	63.73	62.94	53.54	47.57	31.85
Net Income	251.02	198.3	184.56	142.97	114.76
Net Income to Common	251.02	198.3	184.56	142.97	114.76
Net Income Growth	26.59%	7.44%	29.09%	24.58%	28.26%
Shares Outstanding (Basic)	161	163	166	167	168
Shares Outstanding (Diluted)	162	164	168	169	171
Shares Change (YoY)	-1.12%	-2.28%	-0.60%	-1.20%	-0.90%
EPS (Basic)	1.56	1.22	1.11	0.86	0.68
EPS (Diluted)	1.54	1.21	1.10	0.85	0.67
EPS Growth	27.27%	10.00%	29.41%	26.87%	29.34%
Free Cash Flow	298.12	222.26	158.4	121.31	147.14
Free Cash Flow Growth	34.13%	40.32%	30.58%	-17.56%	-8.47%
Free Cash Flow Per Share	1.83	1.35	0.94	0.72	0.86
Gross Margin	38.37%	37.59%	37.27%	36.50%	38.44%
Operating Margin	15.03%	14.34%	14.64%	13.61%	13.89%
Profit Margin	12.02%	10.79%	11.32%	10.12%	10.23%
FCF Margin	14.28%	12.09%	9.71%	8.59%	13.11%
EBITDA	373	318.84	289.04	248.26	205.54
EBITDA Margin	17.87%	17.34%	17.72%	17.58%	18.31%
EBIT	313.75	263.62	238.76	192.16	155.88
EBIT Margin	15.03%	14.34%	14.64%	13.61%	13.89%
Effective Tax Rate	20.23%	24.08%	22.50%	25.02%	21.73%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.