ExlService Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,026	1,838	1,631	1,412	1,122	958.43
Revenue Growth (YoY)	14.43%	12.74%	15.48%	25.82%	17.10%	-3.32%
Cost of Revenue	1,252	1,147	1,023	896.6	690.93	623.94
Gross Profit	774.84	691.01	607.77	515.45	431.36	334.5
Selling, General & Admin	409.06	371.89	318.95	267.96	227.19	174.74
Operating Expenses	467.96	427.11	369.44	324.24	276.32	225.2
Operating Income	306.88	263.91	238.33	191.21	155.04	109.3
Interest Expense	-18.46	-19.26	-13.18	-8.25	-7.56	-11.19
Interest & Investment Income	10.16	9.92	8.03	5.23	2.73	2.5
Earnings From Equity Investments	-0.37	-0.11	0.15	0.43	0.05	-0.23
Currency Exchange Gain (Loss)	2.61	0.89	1.53	6.2	4.31	4.43
Other Non Operating Income (Expenses)	0.86	-0.37	0.12	-0.94	-0	0.67
EBT Excluding Unusual Items	301.67	254.98	234.98	193.88	154.56	105.49
Gain (Loss) on Sale of Investments	8.12	5.66	5.01	4.91	4.89	9.62
Other Unusual Items	-	0.59	-1.9	-8.25	-12.85	-
Pretax Income	309.79	261.23	238.09	190.53	146.61	115.1
Income Tax Expense	68.35	62.94	53.54	47.57	31.85	25.63
Net Income	241.45	198.3	184.56	142.97	114.76	89.48
Net Income to Common	241.45	198.3	184.56	142.97	114.76	89.48
Net Income Growth	28.49%	7.44%	29.09%	24.58%	28.26%	32.25%
Shares Outstanding (Basic)	162	163	166	167	168	171
Shares Outstanding (Diluted)	163	164	168	169	171	173
Shares Change (YoY)	-1.04%	-2.28%	-0.60%	-1.20%	-0.90%	-0.51%
EPS (Basic)	1.49	1.22	1.11	0.86	0.68	0.52
EPS (Diluted)	1.48	1.21	1.10	0.85	0.67	0.52
EPS Growth	29.94%	10.00%	29.41%	26.87%	29.34%	32.82%
Free Cash Flow	286.88	222.26	158.4	121.31	147.14	160.75
Free Cash Flow Per Share	1.75	1.35	0.94	0.72	0.86	0.93
Gross Margin	38.24%	37.59%	37.27%	36.50%	38.44%	34.90%
Operating Margin	15.14%	14.36%	14.62%	13.54%	13.81%	11.40%
Profit Margin	11.91%	10.79%	11.32%	10.13%	10.22%	9.34%
Free Cash Flow Margin	14.16%	12.09%	9.71%	8.59%	13.11%	16.77%
EBITDA	352.49	306.28	279.33	241.35	199.92	154.87
EBITDA Margin	17.39%	16.66%	17.13%	17.09%	17.81%	16.16%
D&A For EBITDA	45.61	42.37	41	50.14	44.88	45.57
EBIT	306.88	263.91	238.33	191.21	155.04	109.3
EBIT Margin	15.14%	14.36%	14.62%	13.54%	13.81%	11.40%
Effective Tax Rate	22.06%	24.09%	22.48%	24.96%	21.73%	22.26%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.