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. In the quarter to June 2026, revenue grew 15.6%, EPS grew 2.44%, free cash flow fell 22.7% and total debt rose 46.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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ExlService Holdings, Inc. (EXLS) EV/Sales
As of 16 October 2026, ExlService Holdings, Inc. (EXLS) trades at a EV/Sales of 2.9×. Over the past ten years it has ranged from 1.4× (March 2020) to 4.8× (September 2022); the current reading is higher than 59% of that period. That is above the Information Technology Services industry median of 1.2× and above the Technology sector median of 2.7×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 3.3× | (16.46%) |
| FY2024 | 3.9× | 27.22% |
| FY2023 | 3.1× | (24.10%) |
| FY2022 | 4.0× | (6.94%) |
| FY2021 | 4.3× | 51.73% |
| FY2020 | 2.9× | 23.45% |
| FY2019 | 2.3× | 12.82% |
| FY2018 | 2.1× | (14.78%) |
| FY2017 | 2.4× | 9.94% |
| FY2016 | 2.2× | 2.19% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 2.0× | (12.65%) |
| Mar 2026 | 2.3× | (30.13%) |
| Dec 2025 | 3.3× | (6.90%) |
| Sep 2025 | 3.5× | (2.12%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| INGM Ingram Micro Holding Corporation compare | 0.2× |
| PSN Parsons Corporation compare | 0.9× |
| EPAM EPAM Systems, Inc. compare | 1.0× |
| SAIC Science Applications International Corporation compare | 1.1× |
| G Genpact Limited compare | 1.3× |
| EXLS ExlService Holdings, Inc. | 2.9× |
| GDS GDS Holdings compare | 5.0× |
| APLD Applied Digital Corporation compare | 9.4× |
| CIFR Cipher Digital Inc. compare | 27.2× |
| Information Technology Services industry median | 1.2× |
| Technology sector median | 2.7× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)