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EXLS (ExlService Holdings, Inc.) Stock Financials & Earnings | Market Cap Arena
EXLS
ExlService Holdings, Inc.
Mkt Cap
$5B
Technology
·
Information Technology Services
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$2.1B
Net Income (TTM)
$251M
EPS (TTM)
$1.54
Free Cash Flow (TTM)
$298M
Gross Margin
38.4%
Op. Margin
15.0%
Net Margin
12.0%
FCF Margin
14.3%
P/S Ratio (TTM)
2.4x
P/E Ratio (TTM)
19.6x
YoY Rev Growth
+13.6%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$401M
$149M
$59M
Q2 23
$405M
$152M
$65M
Q3 23
$411M
$155M
$60M
Q4 23
$414M
$152M
$54M
Q1 24
$437M
$163M
$62M
Q2 24
$448M
$166M
$61M
Q3 24
$472M
$178M
$69M
Q4 24
$481M
$183M
$71M
Q1 25
$501M
$193M
$78M
Q2 25
$514M
$194M
$81M
Q3 25
$530M
$204M
$76M
Q4 25
$543M
$210M
$78M
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Revenue Breakdown
EXLS
ExlService Holdings, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
3.3x
31.0x
Q2 23
3.2x
28.7x
Q3 23
3.1x
27.9x
Q4 23
3.0x
26.6x
Q1 24
2.9x
27.0x
Q2 24
2.9x
27.5x
Q3 24
2.8x
26.1x
Q4 24
2.7x
24.8x
Q1 25
2.6x
22.7x
Q2 25
2.5x
20.8x
Q3 25
2.4x
20.3x
Q4 25
2.4x
19.6x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$16M
$4M
Q2 23
$48M
$34M
Q3 23
$69M
$54M
Q4 23
$79M
$67M
Q1 24
-$22M
-$33M
Q2 24
$75M
$63M
Q3 24
$110M
$97M
Q4 24
$105M
$95M
Q1 25
$3M
-$10M
Q2 25
$109M
$95M
Q3 25
$121M
$106M
Q4 25
$117M
$107M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$12M
Q2 23
$14M
Q3 23
$15M
Q4 23
$12M
Q1 24
$11M
Q2 24
$12M
Q3 24
$13M
Q4 24
$10M
Q1 25
$13M
Q2 25
$14M
Q3 25
$14M
Q4 25
$11M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+21.7%
+19.6%
Q2 23
+16.8%
+13.5%
Q3 23
+13.7%
+12.7%
Q4 23
+10.5%
+11.1%
Q1 24
+9.0%
+9.9%
Q2 24
+10.7%
+13.7%
Q3 24
+14.9%
+14.8%
Q4 24
+16.3%
+14.0%
Q1 25
+14.8%
+12.7%
Q2 25
+14.7%
+12.0%
Q3 25
+12.2%
+12.6%
Q4 25
+12.7%
+13.3%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$14M
3.6%
Q2 23
$12M
2.8%
Q3 23
$17M
4.2%
Q4 23
$15M
3.7%
Q1 24
$18M
4.1%
Q2 24
$18M
4.0%
Q3 24
$0
0.0%
Q4 24
$15M
3.2%
Q1 25
$19M
3.8%
Q2 25
$16M
3.2%
Q3 25
$0
0.0%
Q4 25
$21M
3.8%
marketcaparena.com
OpEx Breakdown
G&A
S&M
Quarter
G&A
S&M
Q1 23
$47M
$29M
Q2 23
$46M
$28M
Q3 23
$52M
$31M
Q4 23
$54M
$32M
Q1 24
$53M
$36M
Q2 24
$56M
$35M
Q3 24
$57M
$38M
Q4 24
$58M
$38M
Q1 25
$59M
$42M
Q2 25
$60M
$39M
Q3 25
$66M
$46M
Q4 25
$70M
$45M
marketcaparena.com
Revenue Segments
Analytics Services
Digital Operations And Solutions Services
Quarter
Analytics Services
Digital Operations And Solutions Services
Q1 23
$182M
$219M
Q2 23
$182M
$223M
Q3 23
$183M
$228M
Q4 23
$182M
$232M
Q1 24
$191M
$246M
Q2 24
$194M
$255M
Q3 24
$204M
$268M
Q4 24
$208M
$274M
marketcaparena.com
Revenue by Geography
Non-US
Rest Of World
United States
Quarter
Non-US
Rest Of World
United States
Q1 23
$62M
$20M
$339M
Q4 23
$66M
$20M
$348M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$93M
$116M
$209M
Q2 23
$99M
$156M
$255M
Q3 23
$126M
$152M
$277M
Q4 23
$141M
$154M
$295M
Q1 24
$113M
$138M
$250M
Q2 24
$122M
$161M
$282M
Q3 24
$157M
$176M
$333M
Q4 24
$163M
$187M
$351M
Q1 25
$150M
$191M
$341M
Q2 25
$161M
$204M
$365M
Q3 25
$172M
$230M
$401M
Q4 25
$146M
$182M
$328M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
170M
+0.3%
Q2 23
168M
-0.7%
Q3 23
168M
-0.4%
Q4 23
167M
-0.5%
Q1 24
167M
-0.1%
Q2 24
164M
-1.7%
Q3 24
163M
-0.5%
Q4 24
164M
+0.7%
Q1 25
165M
+0.1%
Q2 25
164M
-0.2%
Q3 25
162M
-1.5%
Q4 25
162M
+0.5%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$22K
23K
FY 15
$26K
24K
FY 16
$26K
26K
FY 17
$27K
28K
FY 18
$30K
29K
FY 19
$31K
32K
FY 20
$30K
32K
FY 21
$30K
37K
FY 22
$31K
45K
FY 23
$30K
54K
FY 24
$31K
60K
FY 25
$32K
65K
marketcaparena.com