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) Gross margin

Alert me on Gross margin

ExlService Holdings, Inc.'s gross margin over the twelve months to 30 September 2026 was 38.4%, up 0.0 percentage points from fiscal 2025 (38.4%). Over the past ten years it has ranged from 33.8% (fiscal 2018) to 38.4% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Information Technology Services industry median of 30.0% and below the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 38.4% 0.78
FY2024 37.6% 0.32
FY2023 37.3% 0.77
FY2022 36.5% (1.94)
FY2021 38.4% 3.54
FY2020 34.9% 1.02
FY2019 33.9% 0.11
FY2018 33.8% (1.28)
FY2017 35.1% 0.32
FY2016 34.7% (1.16)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 38.0% 0.05
Jun 2026 38.0% (0.95)
Mar 2026 38.9% 0.31
Dec 2025 38.6% 0.12
43 more quarters

Against its own ten years

Low 33.8% High 38.4%
Ten-year median 35.9%
Current reading's percentile 88

Gross margin against peers

Company Gross margin
EXLS ExlService Holdings, Inc. 38.4%
G Genpact Limited compare 36.9%
EPAM EPAM Systems, Inc. compare 29.9%
GDS GDS Holdings compare 24.9%
PSN Parsons Corporation compare 22.2%
APLD Applied Digital Corporation compare 21.6%
SAIC Science Applications International Corporation compare 12.7%
INGM Ingram Micro Holding Corporation compare 6.57%
MAAS Maase Inc. - Sponsored ADR compare 0.00%
Information Technology Services industry median 30.0%
Technology sector median 47.1%
Market median 46.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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