Favorites Sign in

One plan - full access

No subscription, no auto-renewal, no hidden terms.
Pay once and use it for 30 days.

PRO plan No auto-renewal
$18

30 days of full access
One-time payment

🌐 US & Global Companies
Get access for 30 days →
♧ Secure payment · Instant access

What is included

  • ✓Full access to detailed company analysis
  • ✓Fundamental screener
  • ✓Advanced stock screener filters
  • ✓5 ratings. Separate lists for US & Global Companies and MOEX
  • ✓Company data export in XLSX and CSV
  • ✓MarketCap’s overall ranking of top companies
  • ✓Analytics updates after each new financial report
⚠ The service is not an investment advisor. Financial statement data from public companies is available to everyone - MarketCap structures and analyzes it.
  1. Home
  2. Companies
  3. ExlService Holdings
  4. Financial Statements
  5. Income Statement
ExlService Holdings logo
ExlService Holdings EXLS
$ 43.16 0.0%
report update icon

Quarterly report 2026-Q3
added 10-27-2026

ExlService Holdings Income Statement 2025-2008 | EXLS

Brief overview of financial results at ExlService Holdings

The comparison covers a five-year financial horizon. According to figures from ExlService Holdings, revenue changed from 958 million dollars to 2.1 billion dollars over five years. Overall revenue changed by +117.8%, equal to an annualized rate of about 16.8%. The company expanded its sales base at a healthy rate.

Gross profit was $334 million at the start and $801 million at the end of the period (+139.5%). Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. The gross margin was 34.9% at the start and 38.4% at the end. The expansion indicates stronger pricing power or better control of direct costs.

EBITDA changed from 161 million dollars to 373 million dollars (+132.3%). EBITDA grew faster than revenue, indicating positive operating leverage. At the operating-margin level, the figure shifted from 16.7% to 17.9%. Operating profitability remained broadly stable.

Net income changed from $89.5 million to $251 million (+180.5%). The final year delivered the highest net income in the period.

The five-year change in capitalization reached +59.4%: from $2.9 billion to $4.7 billion. Investors responded cautiously to the improvement in the business.

Summary assessment

The indicators form a favorable picture of business development. The strongest signals are better sales economics, an improving EBITDA margin and a stronger final result. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement ExlService Holdings

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

 4.65 B 7.93 B 5.17 B 28.2 B 24.3 B 2.92 B 2.56 B 1.96 B 2.09 B 1.55 B 1.45 B 964 M 834 M 939 M 727 M 96.6 M 59.2 M -

Shares

 161 M 163 M 166 M 167 M 168 M 34.3 M 34.4 M 34.5 M 33.9 M 33.6 M 33.3 M 32.8 M 32.8 M 32 M 30.3 M 29.3 M 29 M -

Historical Prices

 28.9 48.7 31.1 169 145 85.1 69.5 52.6 60.4 50.4 44.9 28.7 27.6 26.5 22.4 3.3 2.04 3.67

Net Income

 251 M 198 M 185 M 143 M 115 M 89.5 M 67.7 M 56.7 M 48.9 M 61.7 M 51.6 M 32.4 M 48.1 M 41.8 M 34.8 M 26.6 M 15.7 M -

Revenue

 2.09 B 1.84 B 1.63 B 1.41 B 1.12 B 958 M 991 M 883 M 762 M 686 M 628 M 499 M 478 M 443 M 361 M - - -

Cost of Revenue

 1.29 B 1.15 B 1.02 B 897 M 691 M 624 M 655 M 585 M 495 M - - - 291 M 272 M 220 M 151 M 109 M -

Gross Profit

 801 M 691 M 608 M 515 M 431 M 334 M 336 M 298 M 267 M 238 M 226 M 167 M 188 M 171 M 141 M 101 M 81.6 M -

Operating Income

 314 M 264 M 239 M 192 M 156 M 110 M 76.5 M 49.8 M 72.7 M 64.5 M 67.3 M 34 M 67.4 M 57.2 M 41.3 M 26.5 M 24.4 M -

Interest Expense

 16.1 M 16.1 M 13.2 M 8.25 M 7.56 M 11.2 M 13.6 M 7.23 M 1.89 M 1.34 M 1.34 M 369 K 564 K 2 M 1.96 M 1.37 M 1.02 M -

EBITDA

 373 M 319 M 289 M 248 M 206 M 161 M 137 M 118 M 111 M 98.8 M 98.8 M 62.1 M 92.3 M 82.9 M 64.3 M 42.4 M 35.8 M -

Operating Expenses

 487 M 427 M 369 M 323 M 275 M 224 M 251 M 228 M 194 M 174 M 158 M 133 M 120 M 114 M 99.2 M 74.9 M 57.2 M -

General and Administrative Expenses

 255 M 226 M 198 M 169 M 142 M 114 M 127 M 116 M 103 M 88.6 M 77.3 M 65.4 M 58.8 M 57.2 M 50.7 M 40.3 M 31.8 M -

All numbers in USD currency

Quarterly Income Statement ExlService Holdings

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

 152 M 153 M 156 M -935 K 160 M 163 M 162 M -479 K 162 M 163 M 165 M -366 K 166 M 167 M 167 M -150 K 166 M 33.4 M 33.4 M 134 M 33.4 M 33.6 M 33.7 M 33.9 M 34.3 M 34.5 M 34.4 M 34.3 M 34.3 M 34.5 M 34.4 M 34.4 M 34.5 M 34.5 M 34.4 M 34.1 M 33.8 M 33.8 M 33.8 M 33.6 M 33.6 M 33.6 M 33.4 M 33.2 M 33.3 M 33.4 M 33.2 M 33 M 32.9 M 32.8 M 32.5 M 32.8 M 32.9 M 32.8 M 32.5 M 32.3 M 32.2 M 32 M 31.4 M 31.3 M 30.3 M 29.9 M 29.6 M

Net Income

 68.8 M 64.5 M 67.1 M 60.2 M 58.2 M 66.1 M 66.6 M 50.7 M 53 M 45.8 M 48.8 M 40.3 M 43.9 M 49.1 M 51.3 M 31.8 M 39.1 M 35.8 M 36.2 M 28.3 M 26.5 M 28 M 31.9 M 32.2 M 26.4 M 8.43 M 22.4 M 21.4 M 19 M 12.6 M 14.7 M 3.86 M 15.2 M 14.5 M 23.2 M -9.36 M 21.1 M 20.4 M 16.8 M 15.5 M 16 M 16.4 M 13.8 M 14.8 M 15.2 M 12.1 M 9.57 M 7.46 M 6.08 M 7.76 M 11.1 M 15.9 M 13.2 M 9.24 M 9.76 M 12.2 M 11.7 M 9.05 M 8.92 M 9.55 M 8.39 M 8.48 M 8.36 M

Revenue

 634 M 595 M 570 M 543 M 530 M 514 M 501 M 481 M 472 M 448 M 437 M 414 M 411 M 405 M 401 M 870 K 814 K 347 M 329 M 295 M 290 M 275 M 261 M 249 M 241 M 222 M 246 M 257 M 251 M 244 M 240 M 235 M 231 M 16 K 199 K 198 M 701 K 328 K 477 K - - - - - - - - - - - 122 M 124 M 122 M 116 M 116 M 118 M 113 M 108 M 105 M 103 M 100 M 85 M 72.9 M

Cost of Revenue

 393 M 369 M 348 M 333 M 326 M 320 M 308 M 298 M 294 M 282 M 273 M 262 M 256 M 253 M 251 M 237 M 230 M 221 M 208 M 184 M 178 M 171 M 159 M 151 M 152 M 158 M 163 M 168 M 168 M 162 M 157 M 155 M 152 M 140 M 138 M - 123 M - - - - - - - - - - - - - 74.9 M - 72 M 73.9 M 72.9 M - 68.6 M 66 M 66.7 M - 61.8 M 52 M 44.2 M

Gross Profit

 241 M 226 M 222 M 210 M 204 M 194 M 193 M 183 M 178 M 166 M 163 M 152 M 155 M 152 M 149 M 137 M 131 M 126 M 122 M 112 M 113 M 104 M 103 M 98.2 M 88.9 M 64.1 M 83.3 M 88.6 M 83.8 M 81.1 M 82.3 M 80 M 79 M 70.5 M 68.9 M 68.6 M 69.3 M 65.3 M 64 M 61.5 M 59.4 M 58.5 M 58.7 M 59.7 M 60.3 M 55.1 M 50.4 M 43.9 M 37.5 M 38.5 M 46.9 M 52.1 M 50.3 M 42.1 M 43.1 M 47.1 M 44 M 42 M 37.9 M 40.6 M 38.3 M 33 M 28.7 M

Operating Income

 88.9 M 87.3 M 91.8 M 78 M 76.2 M 81.1 M 78.4 M 71.2 M 69.4 M 61.4 M 61.5 M 54.3 M 60.2 M 64.8 M 59.4 M 51 M 50.1 M 47.1 M 44 M 36.1 M 42.4 M 35.8 M 41.6 M 38.3 M 34.4 M 9.87 M 27.5 M 23.3 M 22.4 M 13.9 M 16.9 M -2.09 M 19.7 M 17.1 M 15.2 M 16.3 M 20.9 M 18.3 M 17.2 M 14.4 M 17.4 M 16.2 M 16.5 M - 20.7 M 15.2 M 13.5 M - 5.39 M 6.1 M 15.5 M - 19.5 M 12.8 M 12.1 M - 16.9 M 14.4 M 10.4 M - 11.7 M 9.41 M 7.51 M

Interest Expense

 2.64 M 130 K 2.39 M 1.22 M 4.46 M 5.67 M 4.7 M 4.22 M 4.37 M 3.55 M 3.95 M 4.24 M 778 K 2.66 M 3.16 M -4.51 M 2.26 M 1.5 M 2.41 M 1.43 M 1.72 M 2.22 M 1.41 M 2.83 M 2.48 M 4.22 M 2.53 M 3.42 M 4.56 M 4.1 M 4.42 M 4.76 M 2.47 M 2.23 M 3.53 M 2.86 M 2.8 M 2.51 M 3.19 M 2.94 M 2.89 M 6.13 M 3.18 M - 340 K 360 K 283 K - 52 K 75 K 113 K - 465 K 593 K 703 K - 507 K 367 K 447 K - 374 K 645 K 325 K

EBITDA

 95.2 M 90.6 M 95.1 M 81.3 M 79.5 M 84.4 M 81.7 M 75.3 M 72.9 M 64.5 M 64.6 M 57.4 M 63.4 M 69 M 63.6 M 55.2 M 54.4 M 61.2 M 48.5 M 39.1 M 45.5 M 39.2 M 44.9 M 41.7 M 37.8 M 13.3 M 31.6 M 28.3 M 27.9 M 19.4 M 22.4 M 3.86 M 26.4 M 20.9 M 19.1 M 19.8 M 24.4 M 21.8 M 20.7 M 18 M 20.2 M 19 M 19.2 M 2.72 M 43.9 M 30.4 M 20.5 M 2.16 M 12.4 M 12.8 M 21.8 M 1.54 M 25.5 M 19.2 M 18.6 M 1.56 M 23.2 M 20.4 M 16.8 M 1.38 M 18.1 M 14.5 M 12.4 M

Operating Expenses

 152 M 139 M 130 M 132 M 128 M 113 M 115 M 112 M 109 M 105 M 102 M 97.6 M 94.7 M 87 M 89.7 M 86.3 M 80.8 M 78.5 M 77.7 M 75.8 M 70.1 M 68.5 M 61 M 59.9 M 54.5 M 54.2 M 55.8 M 65.3 M 61.4 M 67.2 M 65.5 M 82 M 59.3 M 53.4 M 53.7 M 52.3 M 48.3 M 47.1 M 46.7 M 47.3 M 42.1 M 42.2 M 42.2 M 59.7 M 39.6 M 39.9 M 36.9 M 43.9 M 32.1 M 32.4 M 31.4 M 52.1 M 30.8 M 29.3 M 31 M 47.1 M 27.1 M 27.6 M 27.5 M 40.6 M 26.6 M 23.6 M 21.2 M

General and Administrative Expenses

 79.9 M 74.4 M 69.1 M 70.1 M 66.3 M 59.5 M 59.4 M 58.5 M 57.5 M 56.5 M 53.2 M 53.7 M 52.2 M 45.6 M 46.7 M 46.1 M 42.5 M 40.4 M 39.9 M 38.7 M 36.2 M 36.5 M 30.7 M 29.4 M 26.8 M 28.8 M 28.9 M 33.6 M 29.6 M 31.2 M 32.5 M 30.6 M 28.7 M 27.6 M 29.3 M 27.5 M 26.5 M 24.4 M 24 M 25 M 21.9 M 21.1 M 20.6 M - 18.8 M 20 M 18.6 M - 16 M 16.2 M 14.8 M - 15.8 M 13.8 M 14.7 M - 13.8 M 13.9 M 13.3 M - 13.3 M 12.4 M 10.5 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company ExlService Holdings (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

Reports on the profits and losses of other stocks in the Information technology industry

Issuer Price % 24h Market Cap Country
CDW Corporation CDW Corporation
CDW
 		$ 157.05 -0.85 % $ 20.6 B usaUSA
Affirm Holdings Affirm Holdings
AFRM
 		$ 68.07 -2.28 % $ 22.8 B usaUSA
Infosys Limited Infosys Limited
INFY
 		$ 12.5 -2.46 % $ 51.8 B indiaIndia
Gartner Gartner
IT
 		$ 189.87 -4.06 % $ 14.3 B usaUSA
Jack Henry & Associates Jack Henry & Associates
JKHY
 		$ 173.47 -3.77 % $ 12.5 B usaUSA
Cognizant Technology Solutions Corporation Cognizant Technology Solutions Corporation
CTSH
 		$ 64.72 -2.73 % $ 31.6 B usaUSA
Crexendo Crexendo
CXDO
 		$ 5.05 1.81 % $ 150 M usaUSA
Digimarc Corporation Digimarc Corporation
DMRC
 		$ 7.72 4.75 % $ 167 M usaUSA
Sabre Corporation Sabre Corporation
SABR
 		$ 1.66 -1.49 % $ 650 M usaUSA
Computer Task Group, Incorporated Computer Task Group, Incorporated
CTG
 		- - $ 152 M usaUSA
EPAM Systems EPAM Systems
EPAM
 		$ 158.82 -4.45 % $ 8.88 B usaUSA
Telos Corporation Telos Corporation
TLS
 		$ 4.79 0.73 % $ 349 M usaUSA
LiveRamp Holdings LiveRamp Holdings
RAMP
 		$ 38.5 0.71 % $ 2.47 B usaUSA
Fidelity National Information Services Fidelity National Information Services
FIS
 		$ 28.67 -2.47 % $ 14.8 B usaUSA
Unisys Corporation Unisys Corporation
UIS
 		$ 2.67 8.78 % $ 190 M usaUSA
Usio Usio
USIO
 		$ 2.95 0.68 % $ 79.4 M usaUSA
21Vianet Group 21Vianet Group
VNET
 		$ 3.16 0.16 % $ 5.09 B chinaChina
Switch Switch
SWCH
 		- - $ 8.39 B usaUSA
WidePoint Corporation WidePoint Corporation
WYY
 		$ 6.14 -0.81 % $ 60.7 M usaUSA
Xerox Holdings Corporation Xerox Holdings Corporation
XRX
 		$ 1.11 -2.25 % $ 140 M usaUSA
CynergisTek CynergisTek
CTEK
 		- -0.4 % $ 16.4 M usaUSA
American Virtual Cloud Technologies American Virtual Cloud Technologies
AVCT
 		- -11.01 % $ 19.5 M usaUSA
Perficient Perficient
PRFT
 		- - $ 2.58 B usaUSA
Teradata Corporation Teradata Corporation
TDC
 		$ 31.92 -2.43 % $ 3.01 B usaUSA
Research Solutions Research Solutions
RSSS
 		$ 1.83 0.27 % $ 58.2 M usaUSA
Accenture PLC Accenture PLC
ACN
 		$ 260.45 -1.81 % $ 162 B irlandaIrlanda
Broadridge Financial Solutions Broadridge Financial Solutions
BR
 		$ 190.42 -2.13 % $ 22.1 B usaUSA
CLPS Incorporation CLPS Incorporation
CLPS
 		$ 0.93 -3.18 % $ 27.3 M chinaChina
Fiserv Fiserv
FISV
 		$ 62.85 0.17 % $ 34.4 B usaUSA
C3.ai C3.ai
AI
 		$ 11.7 2.81 % $ 1.51 B usaUSA
CSP CSP
CSPI
 		$ 7.37 2.79 % $ 68.5 M usaUSA
Chindata Group Holdings Limited Chindata Group Holdings Limited
CD
 		$ 5.19 -11.88 % $ 3.78 B chinaChina
Concentrix Corporation Concentrix Corporation
CNXC
 		$ 30.33 -2.51 % $ 1.91 B usaUSA
CGI CGI
GIB
 		$ 83.36 1.19 % $ 19 B canadaCanada
Leidos Holdings Leidos Holdings
LDOS
 		$ 132.7 -2.33 % $ 17 B usaUSA
GDS Holdings Limited GDS Holdings Limited
GDS
 		$ 22.37 1.77 % $ 34 B chinaChina
CoreLogic, Inc. CoreLogic, Inc.
CLGX
 		- 0.59 % $ 5.89 B usaUSA
CACI International Inc CACI International Inc
CACI
 		$ 611.85 1.2 % $ 13.5 B usaUSA
Genpact Limited Genpact Limited
G
 		$ 42.26 2.78 % $ 7.35 B bermudaBermuda
Innodata Innodata
INOD
 		$ 37.06 -4.04 % $ 1.18 B usaUSA
The Hackett Group The Hackett Group
HCKT
 		$ 13.44 1.2 % $ 367 M usaUSA
DXC Technology Company DXC Technology Company
DXC
 		$ 14.84 -2.3 % $ 2.6 B usaUSA
Conduent Incorporated Conduent Incorporated
CNDT
 		$ 1.43 -13.11 % $ 227 M usaUSA
Priority Technology Holdings Priority Technology Holdings
PRTH
 		$ 7.88 0.06 % $ 629 M usaUSA
SYNNEX Corporation SYNNEX Corporation
SNX
 		$ 219.01 1.84 % $ 18 B usaUSA
Alithya Group Alithya Group
ALYA
 		- 3.2 % $ 105 M canadaCanada
Science Applications International Corporation Science Applications International Corporation
SAIC
 		$ 145.06 -1.23 % $ 6.72 B usaUSA
Sykes Enterprises, Incorporated Sykes Enterprises, Incorporated
SYKE
 		- - $ 2.15 B usaUSA
China Customer Relations Centers, Inc. China Customer Relations Centers, Inc.
CCRC
 		- 0.31 % $ 119 M chinaChina