ExlService Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,157	2,088	1,838	1,631	1,412	1,122
Revenue Growth (YoY)	13.36%	13.56%	12.74%	15.48%	25.82%	17.10%
Cost of Revenue	1,327	1,287	1,147	1,023	896.6	690.93
Gross Profit	829.84	801.08	691.01	607.77	515.45	431.36
Selling, General & Admin	443.15	428.24	372.17	318.52	267.01	226.35
Depreciation & Amortization Expenses	59.53	59.08	55.22	50.49	56.28	49.13
Total Operating Expenses	502.68	487.33	427.39	369.01	323.29	275.48
Operating Income	327.16	313.75	263.62	238.76	192.16	155.88
Interest Income	0.2	0.31	0.11	-0.15	-0.43	-0.05
Interest Expense	17.42	17.61	19.26	13.18	8.25	7.56
Other Non-Operating Income (Expense)	16.54	18.91	16.98	12.37	6.19	-1.76
Total Non-Operating Income (Expense)	34.16	36.83	36.35	25.39	14.01	5.76
Pretax Income	326.29	315.05	261.35	237.94	190.1	146.56
Provision for Income Taxes	74.55	63.73	62.94	53.54	47.57	31.85
Net Income	251.54	251.02	198.3	184.56	142.97	114.76
Net Income to Common	251.54	251.02	198.3	184.56	142.97	114.76
Net Income Growth	16.40%	26.59%	7.44%	29.09%	24.58%	28.26%
Shares Outstanding (Basic)	159	161	163	166	167	168
Shares Outstanding (Diluted)	161	162	164	168	169	171
Shares Change (YoY)	-1.96%	-1.12%	-2.28%	-0.60%	-1.20%	-0.90%
EPS (Basic)	1.58	1.56	1.22	1.11	0.86	0.68
EPS (Diluted)	1.57	1.54	1.21	1.10	0.85	0.67
EPS Growth	18.94%	27.27%	10.00%	29.41%	26.87%	29.34%
Shares Outstanding	153	156.43	161.8	165.28	166.17	166.46
Free Cash Flow	296.6	298.12	222.26	158.4	121.31	147.14
Free Cash Flow Growth	-0.51%	34.13%	40.32%	30.58%	-17.56%	-8.47%
Free Cash Flow Per Share	1.85	1.83	1.35	0.94	0.72	0.86
Gross Margin	38.47%	38.37%	37.59%	37.27%	36.50%	38.44%
Operating Margin	15.17%	15.03%	14.34%	14.64%	13.61%	13.89%
Profit Margin	11.66%	12.02%	10.79%	11.32%	10.12%	10.23%
FCF Margin	13.75%	14.28%	12.09%	9.71%	8.59%	13.11%
EBITDA	386.86	373	318.84	289.04	248.26	205.54
EBITDA Margin	17.94%	17.87%	17.34%	17.72%	17.58%	18.31%
EBIT	327.16	313.75	263.62	238.76	192.16	155.88
EBIT Margin	15.17%	15.03%	14.34%	14.64%	13.61%	13.89%
Effective Tax Rate	22.85%	20.23%	24.08%	22.50%	25.02%	21.73%

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q