ExlService Holdings, Inc.
ExlService Holdings, Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 145 | 146 | 160 | 149 | 140 | 153 | 150 | 115 | 109 | 137 | 123 | 94 | |||||
Short Term Investments | 108 | 182 | 230 | 204 | 191 | 187 | 176 | 161 | 138 | 154 | 152 | 156 | |||||
Restricted Cash Current | 12 | 12 | 11 | 12 | 10 | 10 | 7 | 6 | 4 | 4 | 3 | 5 | |||||
Accounts Receivable Net Current | 389 | 343 | 351 | 345 | 340 | 304 | 341 | 328 | 336 | 308 | 303 | 288 | |||||
Other Assets Current | 143 | 146 | 139 | 148 | 150 | 140 | 94 | 94 | 79 | 77 | 71 | 70 | |||||
Assets Current | 797 | 830 | 892 | 858 | 831 | 795 | 768 | 704 | 665 | 680 | 652 | 613 | |||||
Property Plant And Equipment And Finance Lease Rig… | 109 | 112 | 113 | 114 | 107 | 102 | 107 | 103 | 102 | 100 | 97 | 94 | |||||
Operating Lease Right Of Use Asset | 93 | 97 | 72 | 73 | 71 | 69 | 72 | 73 | 67 | 65 | 57 | 58 | |||||
Restricted Cash Noncurrent | 7 | 7 | 8 | 10 | 8 | 8 | 6 | 0 | 4 | 4 | 2 | 2 | |||||
Restricted Cash | - | - | - | - | - | - | 6 | - | - | - | - | - | |||||
Deferred Income Tax Assets Net | 141 | 130 | 116 | 117 | 110 | 105 | 107 | 101 | 92 | 83 | 80 | 69 | |||||
Goodwill | 419 | 420 | 420 | 421 | 420 | 420 | 428 | 406 | 406 | 406 | 406 | 406 | |||||
Intangible Assets Net Excluding Goodwill | 33 | 36 | 40 | 43 | 46 | 49 | 51 | 44 | 47 | 50 | 53 | 56 | |||||
Long Term Investments | 18 | 8 | 8 | 8 | 20 | 14 | 14 | 19 | 4 | 4 | 5 | 16 | |||||
Other Assets Noncurrent | 60 | 62 | 65 | 65 | 62 | 56 | 57 | 54 | 53 | 50 | 51 | 48 | |||||
Assets | 1,676 | 1,702 | 1,734 | 1,709 | 1,676 | 1,618 | 1,610 | 1,504 | 1,439 | 1,442 | 1,402 | 1,363 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 11 | 5 | 7 | 6 | 6 | 6 | 4 | 3 | 3 | 5 | 3 | 3 | |||||
Long Term Debt Current | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 75 | 65 | 65 | 50 | 30 | |||||
Contract With Customer Liability Current | 23 | 15 | 17 | 22 | 20 | 19 | 12 | 15 | 17 | 12 | 14 | 21 | |||||
Employee Related Liabilities Current | 72 | 147 | 129 | 100 | 64 | 130 | 111 | 80 | 51 | 117 | 106 | 82 | |||||
Accrued Liabilities Current | 172 | 135 | 129 | 122 | 132 | 114 | 105 | 98 | 107 | 114 | 108 | 104 | |||||
Operating Lease Liability Current | 17 | 17 | 19 | 18 | 17 | 16 | 17 | 15 | 13 | 13 | 14 | 14 | |||||
Accrued Income Taxes Current | - | - | - | - | - | - | - | - | 5 | 1 | 12 | 4 | |||||
Liabilities Current | 300 | 324 | 307 | 272 | 244 | 290 | 254 | 287 | 261 | 326 | 306 | 259 | |||||
Long Term Debt Noncurrent | 412 | 294 | 350 | 255 | 302 | 284 | 340 | 260 | 280 | 135 | 160 | 190 | |||||
Operating Lease Liability Noncurrent | 84 | 88 | 60 | 62 | 61 | 60 | 62 | 64 | 60 | 58 | 48 | 51 | |||||
Deferred Income Tax Liabilities Net | 2 | 2 | 2 | 2 | 2 | 1 | 3 | 2 | 1 | 1 | 0 | 1 | |||||
Other Liabilities Noncurrent | 100 | 81 | 61 | 55 | 55 | 54 | 43 | 38 | 33 | 31 | 31 | 28 | |||||
Liabilities | 898 | 790 | 781 | 648 | 665 | 689 | 702 | 651 | 636 | 553 | 546 | 528 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 675 | 678 | 628 | 626 | 610 | 589 | 572 | 521 | 503 | 508 | 493 | 472 | |||||
Retained Earnings Accumulated Deficit | 1,600 | 1,533 | 1,473 | 1,415 | 1,349 | 1,282 | 1,231 | 1,178 | 1,132 | 1,084 | 1,043 | 1,000 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -237 | -181 | -169 | -134 | -143 | -155 | -123 | -136 | -130 | -127 | -137 | -124 | |||||
Treasury Stock Value | -1,259 | -1,117 | -980 | -845 | -804 | -786 | -774 | -711 | -702 | -575 | -543 | -513 | |||||
Stockholders Equity | 779 | 913 | 952 | 1,061 | 1,012 | 930 | 908 | 853 | 803 | 889 | 856 | 834 | |||||
Liabilities And Stockholders Equity | 1,676 | 1,702 | 1,734 | 1,709 | 1,676 | 1,618 | 1,610 | 1,504 | 1,439 | 1,442 | 1,402 | 1,363 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Preferred Stock Shares Authorized | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 100 | |||||
Common Stock Shares Issued | 210 | 209 | 208 | 208 | 208 | 207 | 205 | 205 | 205 | 203 | 202 | 202 | |||||
Shares Outstanding | 153 | 156 | 159 | 162 | 163 | 162 | 161 | 162 | 162 | 165 | 165 | 166 | |||||
Treasury Stock Common Shares | 57 | 52 | 49 | 46 | 45 | 45 | 44 | 43 | 42 | 38 | 37 | 7 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.69% | -15.37% | -8.09% | - | - | - | - | - | - | - | - | - |
| 2025 | 1.33% | -2.51% | -5.42% | 4.38% | 2.77% | -4.41% | -5.02% | 3.93% | 3.13% | 7.55% | 10.82% | -4.42% |
| 2024 | 3.13% | 0.20% | 13.09% | 10.99% | 11.75% | 23.62% | 10.95% | 7.32% | 13.21% | -4.85% | -7.82% | -5.40% |
| 2023 | - | - | - | -4.42% | 0.12% | 0.23% | 6.40% | 15.73% | 17.56% | -1.35% | -5.78% | 0.19% |
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Performance and Valuation Metrics
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Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.66 | 2.56 | 2.91 | 3.15 | 3.41 | 2.74 | 3.02 | 2.45 | 2.54 | 2.08 | 2.13 | 2.37 | |||||
| Quick Ratio | 2.66 | 2.56 | 2.91 | 3.15 | 3.41 | 2.74 | 3.02 | 2.45 | 2.54 | 2.08 | 2.13 | 2.37 | |||||
| Working Capital | 497.85M | 505.83M | 584.94M | 586.01M | 587.65M | 505.07M | 513.50M | 416.85M | 403.28M | 353.27M | 345.42M | 354.11M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.15 | 0.87 | 0.82 | 0.61 | 0.66 | 0.74 | 0.77 | 0.76 | 0.79 | 0.62 | 0.64 | 0.63 | |||||
| Interest Coverage TTM | 18.78 | 17.82 | 16.63 | 15.75 | 13.95 | 13.69 | 14.26 | 15.65 | 18.40 | 18.11 | 17.49 | 18.03 | |||||
| Debt Ratio | 0.54 | 0.46 | 0.45 | 0.38 | 0.40 | 0.43 | 0.44 | 0.43 | 0.44 | 0.38 | 0.39 | 0.39 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.29 | 1.26 | 1.21 | 1.23 | 1.22 | 1.20 | 1.18 | 1.19 | 1.21 | 1.17 | 1.17 | 1.16 | |||||
| Days Sales Outstanding TTM | 61.63 | 56.60 | 62.35 | 62.39 | 64.77 | 60.80 | 66.39 | 65.74 | 68.56 | 63.49 | 64.26 | 62.24 | |||||
| Receivables Turnover TTM | 5.92 | 6.45 | 5.85 | 5.85 | 5.64 | 6.00 | 5.50 | 5.55 | 5.32 | 5.75 | 5.68 | 5.86 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.60 | 1.54 | 1.49 | 1.44 | 1.31 | 1.21 | 1.15 | 1.09 | 1.09 | 1.10 | 1.05 | 1.02 | |||||
| Free Cash Flow Per Share TTM | 1.90 | 1.85 | 1.79 | 1.71 | 1.51 | 1.37 | 1.20 | 0.93 | 0.74 | 0.95 | 0.86 | 0.78 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 38.47% | 38.37% | 38.24% | 38.05% | 37.90% | 37.59% | 37.24% | 37.20% | 37.30% | 37.27% | 37.28% | 36.92% | |||||
| Operating Profit Margin TTM | 15.17% | 15.03% | 15.15% | 15.25% | 14.74% | 14.34% | 13.93% | 13.89% | 14.45% | 14.64% | 14.80% | 14.62% | |||||
| Net Profit Margin TTM | 11.66% | 12.02% | 11.91% | 12.00% | 11.36% | 10.79% | 10.61% | 10.45% | 10.92% | 11.32% | 11.07% | 11.11% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 13.35% | 13.56% | 14.43% | 15.15% | 14.18% | 12.74% | 11.29% | 10.91% | 12.34% | 15.48% | 19.39% | 22.18% | |||||
| Net Income Growth (1Y) | 16.40% | 26.59% | 28.49% | 32.21% | 18.74% | 7.44% | 6.69% | 4.32% | 15.10% | 29.09% | 26.33% | 35.10% | |||||
| EPS Growth (1Y) | 21.21% | 27.92% | 29.48% | 32.10% | 20.63% | 9.84% | 9.61% | 6.87% | 16.57% | 29.33% | 26.35% | 35.29% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 18.89 | 27.23 | 29.27 | 30.19 | 35.50 | 36.42 | 32.84 | 28.56 | 28.85 | 27.80 | 26.45 | 29.41 | |||||
| P/B TTM | 6.10 | 7.49 | 7.42 | 6.72 | 7.58 | 7.77 | 6.80 | 5.99 | 6.54 | 5.77 | 5.44 | 6.04 | |||||
| P/S TTM | 2.20 | 3.27 | 3.49 | 3.62 | 4.03 | 3.93 | 3.48 | 2.99 | 3.15 | 3.15 | 2.93 | 3.27 | |||||
| Market Cap | 4.75B | 6.83B | 7.07B | 7.13B | 7.67B | 7.22B | 6.17B | 5.11B | 5.25B | 5.13B | 4.66B | 5.04B | |||||
| Enterprise Value | 5.00B | 6.97B | 7.24B | 7.22B | 7.82B | 7.34B | 6.35B | 5.32B | 5.48B | 5.19B | 4.74B | 5.16B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 296.60M | 298.12M | 286.88M | 277.81M | 245.71M | 222.26M | 194.33M | 150.66M | 121.71M | 158.40M | 143.37M | 130.80M | |||||
| Net Debt | 252.60M | 132.63M | 174.99M | 89.52M | 148.79M | 117.09M | 181.46M | 213.35M | 227.77M | 54.60M | 82.04M | 121.41M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
ExlService Holdings, Inc. (EXLS) — SEC Financial Statements & Analysis
ExlService Holdings, Inc. (EXLS) is a services-business services, nec company, incorporated in DE. ExlService Holdings, Inc. trades on Nasdaq as: EXLS. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), ExlService Holdings, Inc. reported a 13.35% year-over-year revenue growth, a Gross Profit Margin of 38.47% (TTM), a Debt-to-Equity ratio of 1.15x, a Price-to-Sales (P/S) ratio of 2.20x (TTM), a Price-to-Book (P/B) ratio of 6.10x (TTM), at a market cap of $4.75B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 13.35%
- Gross Profit Margin TTM
- 38.47%
- Debt To Equity
- 1.15x
- P/S TTM
- 2.20x
- P/B TTM
- 6.10x
- Market Cap
- $4.75B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is ExlService Holdings, Inc. in?
ExlService Holdings, Inc. (EXLS) operates in the Services-Business Services, NEC industry.
What is EXLS's market cap?
ExlService Holdings, Inc. (EXLS) has a market capitalization of $4.75B as of 2026-03-31.
What is EXLS's P/E ratio?
ExlService Holdings, Inc. (EXLS)'s trailing twelve month P/E ratio is 18.89x as of 2026-03-31.
What exchange does EXLS trade on?
ExlService Holdings, Inc. (EXLS) trades on the Nasdaq.
Where is ExlService Holdings, Inc. incorporated?
ExlService Holdings, Inc. is incorporated in DE.