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Friday 6 November 2026 Export EXLS’s income statement to Excel — free account

ExlService Holdings, Inc.

EXLS Technology Information Technology Services

ExlService Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 13.6% from fiscal 2024.

Revenue
+19.7%
EPS
+25.9%
Free cash flow
−3.65%
Total debt
+22.8%

Quarter to September 2026, against a year earlier

43.19 0.42 −0.96%
Market cap
$6.6B
P/E
25.7×
Fwd P/E
23.9×
Dividend yield
—
F-score
8/9
Altman Z
8.65
Beneish M
−2.66
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

ExlService Holdings, Inc. (EXLS) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, ExlService Holdings, Inc. (EXLS) trades at a EV/EBITDA of 15.4×. Over the past ten years it has ranged from 8.7× (March 2020) to 24.6× (November 2022); the current reading is higher than 31% of that period. That is above the Information Technology Services industry median of 9.9× and above the Technology sector median of 14.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 17.1× (18.74%)
FY2024 21.0× 30.21%
FY2023 16.1× (23.46%)
FY2022 21.1× 1.31%
FY2021 20.8× 44.70%
FY2020 14.4× (0.61%)
FY2019 14.5× (20.76%)
FY2018 18.3× 11.24%
FY2017 16.4× 8.36%
FY2016 15.2× 11.24%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 12.3× 16.29%
Jun 2026 10.6× (10.95%)
Mar 2026 11.9× (30.39%)
Dec 2025 17.1× (5.91%)
43 more quarters

Against its own ten years

Low 8.7× High 24.6×
Ten-year median 16.5×
Current reading's percentile 31

EV/EBITDA against peers

Company EV/EBITDA
APLD Applied Digital Corporation compare n/m
MAAS Maase Inc. - Sponsored ADR compare n/m
INGM Ingram Micro Holding Corporation compare 6.9×
G Genpact Limited compare 8.9×
EPAM EPAM Systems, Inc. compare 10.0×
SAIC Science Applications International Corporation compare 11.4×
PSN Parsons Corporation compare 13.9×
GDS GDS Holdings compare 14.9×
EXLS ExlService Holdings, Inc. 15.4×
Information Technology Services industry median 9.9×
Technology sector median 14.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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