ExlService Holdings, Inc. (EXLS)
NASDAQ: EXLS · Real-Time Price · USD
43.33
+0.18 (0.42%)
At close: Nov 9, 2026, 4:00 PM EST
43.88
+0.55 (1.27%)
After-hours: Nov 9, 2026, 7:30 PM EST
ExlService Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Net Income | 260.61 | 251.02 | 198.3 | 184.56 | 142.97 | 114.76 |
Depreciation & Amortization | 50.84 | 45.85 | 42.37 | 41 | 50.14 | 44.88 |
Other Amortization | 12.67 | 13.4 | 12.85 | 9.28 | 5.96 | 6.05 |
Loss (Gain) From Sale of Investments | -3.22 | -1.77 | -1.51 | 17.04 | -1.21 | 5.14 |
Stock-Based Compensation | 93.03 | 79.47 | 72.66 | 58.44 | 49.37 | 38.62 |
Provision & Write-off of Bad Debts | - | - | - | - | - | -0.46 |
Other Operating Activities | 0.94 | -0.49 | -3.94 | -7.62 | -4.97 | 15.72 |
Change in Accounts Receivable | -97.38 | -35.99 | 4.65 | -49.24 | -68.12 | -37.68 |
Change in Accounts Payable | 8.48 | 11.23 | 20.51 | 7.33 | 16.86 | -0.61 |
Change in Unearned Revenue | 2.67 | -4.13 | 7 | -0.88 | 2.47 | -12.73 |
Change in Income Taxes | 22.67 | -1.61 | -26.2 | -18.28 | 8.78 | -12.06 |
Change in Other Net Operating Assets | -25.11 | -6.26 | -58.15 | -30.43 | -36.11 | 22.78 |
Operating Cash Flow | 326.19 | 350.72 | 268.53 | 211.2 | 166.14 | 184.39 |
Operating Cash Flow Growth | -3.69% | 30.61% | 27.14% | 27.12% | -9.89% | -9.16% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -55 | -52.6 | -46.26 | -52.8 | -44.84 | -37.25 |
Sale of Property, Plant & Equipment | 0.3 | 0.35 | 0.22 | 0.74 | 0.27 | 1.3 |
Cash Acquisitions | -153.84 | - | -24.3 | - | -3.87 | -76.83 |
Investment in Securities | 43.14 | 2.99 | -48.75 | 40.07 | -48.1 | -1.49 |
Investing Cash Flow | -165.4 | -49.26 | -119.1 | -12 | -96.55 | -114.27 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Long-Term Debt Issued | - | 235 | 290 | 80 | 35 | 300 |
Long-Term Debt Repaid | - | -225.51 | -201.58 | -130.17 | -45.14 | -329.23 |
Net Debt Issued (Repaid) | 156.85 | 9.49 | 88.42 | -50.17 | -10.14 | -29.23 |
Issuance of Common Stock | 5.73 | 6.24 | 5.02 | 5.57 | 1.06 | 0.71 |
Repurchase of Common Stock | -322.02 | -328.49 | -207.93 | -131.85 | -72.64 | -118.36 |
Other Financing Activities | -3.52 | - | -4.62 | -5 | - | - |
Financing Cash Flow | -162.97 | -312.76 | -119.1 | -181.45 | -81.72 | -146.88 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | -2.58 | 5.88 | -4.33 | 2.03 | -6.06 | -4.95 |
Net Cash Flow | -4.76 | -5.43 | 26 | 19.78 | -18.19 | -81.71 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 271.19 | 298.12 | 222.26 | 158.4 | 121.31 | 147.14 |
Free Cash Flow Growth | -5.47% | 34.13% | 40.32% | 30.58% | -17.56% | -8.47% |
Free Cash Flow Margin | 11.58% | 14.28% | 12.09% | 9.71% | 8.59% | 13.11% |
Free Cash Flow Per Share | 1.75 | 1.83 | 1.35 | 0.94 | 0.72 | 0.86 |
Levered Free Cash Flow | 312.79 | 257.52 | 188.62 | 138.52 | 139.02 | 127.65 |
Unlevered Free Cash Flow | 325.05 | 268.53 | 200.66 | 146.76 | 144.18 | 130.58 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 18.72 | 16.96 | 19.6 | 13.9 | 8.19 | 6.59 |
Cash Income Tax Paid | 77.23 | 77.23 | 108.55 | 106.55 | 57.06 | 50 |
Change in Working Capital | -88.67 | -36.76 | -52.2 | -91.51 | -76.12 | -40.31 |