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

ExlService Holdings, Inc. (EXLS) Free cash flow margin

Alert me on Free cash flow margin

ExlService Holdings, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 11.6%, down 2.7 percentage points from fiscal 2025 (14.3%). Over the past ten years it has ranged from 5.89% (fiscal 2018) to 16.9% (fiscal 2020); the current reading is higher than 91% of that period. That is above the Information Technology Services industry median of 0.00% and above the Technology sector median of 0.59%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 14.3% 2.20
FY2024 12.1% 2.34
FY2023 9.76% 1.15
FY2022 8.61% (4.62)
FY2021 13.2% (3.64)
FY2020 16.9% 3.93
FY2019 12.9% 7.05
FY2018 5.89% (4.34)
FY2017 10.2% (0.93)
FY2016 11.2% (0.15)

Against its own ten years

Low 5.89% High 16.9%
Ten-year median 11.3%
Current reading's percentile 91

Free cash flow margin against peers

Company Free cash flow margin
EXLS ExlService Holdings, Inc. 11.6%
SAIC Science Applications International Corporation compare 8.36%
EPAM EPAM Systems, Inc. compare 8.33%
G Genpact Limited compare 7.48%
PSN Parsons Corporation compare 6.49%
INGM Ingram Micro Holding Corporation compare 0.26%
MAAS Maase Inc. - Sponsored ADR compare 0.00%
GDS GDS Holdings compare −6.19%
APLD Applied Digital Corporation compare −510.8%
Information Technology Services industry median 0.00%
Technology sector median 0.59%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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