ExlService Holdings, Inc. (EXLS)

ExlService Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,969	1,838	1,631	1,412	1,122	958.43
Revenue Growth (YoY)	15.15%	12.74%	15.48%	25.82%	17.10%	-3.32%
Cost of Revenue	1,220	1,147	1,023	896.6	690.93	623.94
Gross Profit	749.17	691.01	607.77	515.45	431.36	334.5
Selling, General & Admin	391.36	371.89	318.95	267.96	227.19	174.74
Operating Expenses	448.94	427.11	369.44	324.24	276.32	225.2
Operating Income	300.24	263.91	238.33	191.21	155.04	109.3
Interest Expense	-19.06	-19.26	-13.18	-8.25	-7.56	-11.19
Interest & Investment Income	10.57	9.92	8.03	5.23	2.73	2.5
Earnings From Equity Investments	-0.33	-0.11	0.15	0.43	0.05	-0.23
Currency Exchange Gain (Loss)	3.9	0.89	1.53	6.2	4.31	4.43
Other Non Operating Income (Expenses)	0.67	-0.37	0.12	-0.94	-0	0.67
EBT Excluding Unusual Items	295.98	254.98	234.98	193.88	154.56	105.49
Gain (Loss) on Sale of Investments	7.69	5.66	5.01	4.91	4.89	9.62
Other Unusual Items	-	0.59	-1.9	-8.25	-12.85	-
Pretax Income	303.67	261.23	238.09	190.53	146.61	115.1
Income Tax Expense	67.35	62.94	53.54	47.57	31.85	25.63
Net Income	236.32	198.3	184.56	142.97	114.76	89.48
Net Income to Common	236.32	198.3	184.56	142.97	114.76	89.48
Net Income Growth	32.21%	7.44%	29.09%	24.58%	28.26%	32.25%
Shares Outstanding (Basic)	162	163	166	167	168	171
Shares Outstanding (Diluted)	164	164	168	169	171	173
Shares Change (YoY)	-1.49%	-2.28%	-0.60%	-1.20%	-0.90%	-0.51%
EPS (Basic)	1.46	1.22	1.11	0.86	0.68	0.52
EPS (Diluted)	1.45	1.21	1.10	0.85	0.67	0.52
EPS Growth	34.45%	10.00%	29.41%	26.87%	29.34%	32.82%
Free Cash Flow	277.81	222.26	158.4	121.31	147.14	160.75
Free Cash Flow Per Share	1.70	1.35	0.94	0.72	0.86	0.93
Gross Margin	38.05%	37.59%	37.27%	36.50%	38.44%	34.90%
Operating Margin	15.25%	14.36%	14.62%	13.54%	13.81%	11.40%
Profit Margin	12.00%	10.79%	11.32%	10.13%	10.22%	9.34%
Free Cash Flow Margin	14.11%	12.09%	9.71%	8.59%	13.11%	16.77%
EBITDA	345.03	306.28	279.33	241.35	199.92	154.87
EBITDA Margin	17.52%	16.66%	17.13%	17.09%	17.81%	16.16%
D&A For EBITDA	44.8	42.37	41	50.14	44.88	45.57
EBIT	300.24	263.91	238.33	191.21	155.04	109.3
EBIT Margin	15.25%	14.36%	14.62%	13.54%	13.81%	11.40%
Effective Tax Rate	22.18%	24.09%	22.48%	24.96%	21.73%	22.26%

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q