ExlService Holdings, Inc. (EXLS) — Financial statements
Income statement, balance sheet, and cash flow for ExlService Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,088↑13.6% | 1,838↑12.7% | 1,631↑15.5% | 1,412↑25.8% | 1,122 | |
| Cost of Revenue | 1,287↑12.1% | 1,147↑12.2% | 1,023↑14.1% | 897↑29.8% | 691 | |
| Gross Profit | 801↑15.9% | 691↑13.7% | 608↑17.9% | 515↑19.5% | 431 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 255↑13.1% | 226↑13.8% | 198↑17.3% | 169↑19.0% | 142 | |
| Selling & Marketing Expenses | 173↑18.0% | 147↑21.9% | 120↑22.7% | 98↑16.2% | 84 | |
| SG&A Expenses | 428↑15.1% | 372↑16.8% | 319↑19.3% | 267↑18.0% | 226 | |
| Other Expenses | 59↑7.0% | 55↑9.4% | 50↓10.3% | 56↑14.6% | 49 | |
| Operating Expenses | 487↑14.0% | 427↑15.8% | 369↑14.1% | 323↑17.4% | 275 | |
| Total Costs & Expenses | 1,774↑12.6% | 1,575↑13.1% | 1,392↑14.1% | 1,220↑26.2% | 966 | |
| Operating Results | ||||||
| Operating Income | 314↑19.0% | 264↑10.4% | 239↑24.2% | 192↑23.3% | 156 | |
| Depreciation & Amortization | 59↓23.3% | 77↑9.2% | 70↓9.5% | 78↑3.2% | 75 | |
| EBITDA | 392↑9.6% | 358↑11.2% | 322↑16.4% | 276↑20.3% | 230 | |
| EBIT | 333↑18.6% | 281↑11.7% | 251↑26.6% | 198↑28.7% | 154 | |
| Interest & Other Income | ||||||
| Net Interest Income | -18↓88.7% | -9↓81.2% | -5↓70.5% | -3↑37.5% | -5 | |
| Interest Income | 0.00↓100.0% | 10↑23.6% | 8↑53.5% | 5↑91.8% | 3 | |
| Interest Expense | 18↓8.5% | 19↑46.1% | 13↑59.7% | 8↑9.1% | 8 | |
| Non-Operating Income | -19↓11.4% | -17↓37.3% | -12↓99.8% | -6↓451.8% | 2 | |
| Other Income / Expenses | 1↑154.5% | -2↓261.1% | -0.66↑59.4% | -2↑82.4% | -9 | |
| Income Before Tax | 315↑20.6% | 261↑9.7% | 238↑25.0% | 191↑30.0% | 147 | |
| Income Tax Expense | 64↑1.3% | 63↑17.6% | 54↑12.6% | 48↑49.3% | 32 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 251↑26.6% | 198↑7.4% | 185↑29.1% | 143↑24.6% | 115 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 251↑26.6% | 198↑7.4% | 185↑29.1% | 143↑24.6% | 115 | |
| Bottom-Line Net Income | 251↑26.6% | 198↑7.4% | 185↑29.1% | 143↑24.6% | 115 | |
| EPS (Basic) | 1.56↑27.9% | 1.22↑9.9% | 1.11↑29.1% | 0.86↑26.5% | 0.68 | |
| EPS (Diluted) | 1.54↑27.3% | 1.21↑10.0% | 1.10↑29.4% | 0.85↑26.9% | 0.67 | |
| Weighted Average Shares | 161↓1.0% | 163↓2.2% | 166↓0.2% | 167↓0.7% | 168 | |
| Weighted Average Diluted Shares | 162↓1.1% | 164↓2.3% | 168↓0.6% | 169↓1.2% | 171 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.