NASDAQ:EXLS
ExlService Holdings, Inc.
ExlService Holdings, Inc.'s revenue grew 13.6% in fiscal 2025 to $2.1B while operating margin rose to 15.0%, its highest in 10 years. Free cash flow was $298.1M, 14.3% of revenue, and the diluted share count fell 1.1%.Summary generated from ExlService Holdings, Inc.'s SEC filings. Latest annual report filed Feb 24, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$2.1B
Revenue growth+13.6%
Revenue, 5-yr CAGR+16.8%
Gross margin38.4%
Operating margin15.0%
Net margin12.0%
ROIC23.5%
Return on equity27.2%
Debt / equity0.33
Free cash flow$298.1M
FCF margin14.3%
Share count change−1.1%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 1,122 | 1,412 | 1,631 | 1,838 | 2,088 |
| Operating income | 156 | 192 | 239 | 264 | 314 |
| Net income | 115 | 143 | 185 | 198 | 251 |
| Free cash flow | 147 | 121 | 158 | 222 | 298 |
Recent filings
- 4Insider transaction report
Oct 2, 2026 - 4Insider transaction report
Sep 3, 2026 - 8-KDirector or officer change
Sep 2, 2026 - 8-KEntry into a material agreement
Aug 18, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 28, 2026 - 8-KResults of operations and financial condition
Jul 28, 2026 - 8-KDirector or officer change
Jul 21, 2026 - 8-KOther events
Jun 24, 2026