EXLSNasdaqServices-Business Services, NECFiscal year ends December 31

ExlService Holdings, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 28, 2026

$39.76+0.24 (+0.62%)

Close on Oct 19, 2026

Market cap: $6.08B
P/E (TTM): 25.0
Dividend yield: –

ExlService Holdings, Inc. cash flow statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Depreciation & Amortization	59	55	50	56	50	51	52	49	39	35	31	28	25	26	23	16	11
Stock-Based Compensation	79	73	58	49	39	28	26	24	23	20	16	11	12	9.42	9.46	8.49	7.09
Deferred Income Taxes	-15	-20	-32	-20	-20	2.70	-12	-0.63	0.73	-3.38	2.24	0.08	2.48	4.73	-1.71	-2.38	-8.40
Other Non-Cash Items	-3.88	0.68	-5.30	-9.44	-0.17	0.32	1.20	-0.30	-0.25	0.11	0.28	-0.30	-0.34	-0.19	–	–	–
Change in Accounts Receivable	-36	4.65	-49	-68	-38	25	-7.09	-10	-20	-18	-9.09	3.26	-5.68	-8.09	-5.11	-8.44	-0.29
Change in Accounts Payable	11	21	7.33	17	-0.61	0.24	0.13	-0.36	1.71	-2.63	0.04	-0.15	-0.38	3.02	-0.84	-0.15	1.21
Change in Unearned Revenue	-4.13	7.00	-0.88	2.47	-13	18	6.68	-4.93	-6.63	5.73	2.57	-0.95	0.70	-3.72	-0.32	-2.77	3.33
Operating Cash Flow	351	269	211	166	184	203	168	92	113	102	97	67	83	66	56	37	36
Capital Expenditures	-53	-46	-53	-45	-37	-42	-41	-41	-35	-26	-26	-28	-16	-19	-19	-20	-11
Acquisitions	0	-24	0	-3.87	-77	0	0	-232	-23	-29	-44	-58	-1.18	-38	-81	-42	-3.53
Sale of Property, Plant & Equipment	0.35	0.22	0.74	0.27	1.30	0.92	0.41	0.35	–	–	–	–	–	–	–	–	–
Divestitures	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.45
Purchase of Investments	-314	-289	-235	-213	-96	-102	-188	-133	-403	-182	-129	-9.13	-1.93	-7.35	-8.82	-2.42	-3.99
Sale & Maturity of Investments	318	241	276	165	95	126	177	128	241	182	125	6.74	1.49	8.82	3.52	3.46	0.15
Investing Cash Flow	-49	-119	-12	-97	-114	-18	-51	-277	-223	-55	-74	-88	-18	-55	-106	-61	-17
Share Repurchases	-328	-208	-132	-73	-118	-80	-41	-43	-43	-18	-14	-3.32	-22	-0.33	-1.62	-0.09	-0.07
Stock Issued	6.24	5.02	5.57	1.06	0.71	–	–	–	–	–	–	–	–	–	22	–	–
Debt Issued	235	290	80	35	–	–	–	247	61	0	30	50	0	–	–	–	–
Debt Repaid	-225	-201	-130	-45	-329	-121	-98	-155	-45	-25	-10	0	0	–	–	–	–
Taxes Paid on Share-Based Awards	-11	-10	-7.85	-4.12	-2.75	-2.13	-1.49	-3.12	-3.27	-0.81	-0.48	-0.46	-0.39	-0.33	–	–	–
Financing Cash Flow	-313	-119	-181	-82	-147	-90	-93	198	-20	-33	10	53	-16	9.91	25	2.95	0.47
Foreign Exchange Rate Adjustments	5.88	-4.33	2.03	-6.06	-4.95	3.38	-1.05	-2.87	3.94	-5.12	-4.35	-2.91	-4.52	-0.21	-4.14	0.48	1.21
Net Change in Cash	-5.43	26	20	-18	-82	98	23	9.85	-126	9.88	29	28	45	21	-29	-21	20
Free Cash Flow	298	222	158	121	147	161	128	52	78	77	71	39	67	47	37	17	24
Income Taxes Paid	77	109	107	57	50	21	19	19	19	16	12	11	8.59	14	15	13	4.85
Interest Paid	17	20	14	8.19	6.59	7.63	11	4.73	1.12	1.18	1.19	0.36	0.59	0.83	0.80	0.04	0.02

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 38.5%
Operating margin: 14.9%
Net margin: 11.2%
Return on equity, FY2025: 27.2%

Financial strength

Current ratio: 1.24
Debt to equity: 0.44
Debt to assets: 21.8%
Cash to current liabilities: 18.0%

Valuation

P/E ratio: 25.0
Price to sales: 2.72
Price to book: 7.01
Dividend yield: –