ExlService Holdings, Inc. (EXLS) stock
EXLSNasdaqServices-Business Services, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 17/303% above fair value
$43.10−0.82 (-1.87%)
Close on Nov 12, 2026Market cap $6.50BP/E 25.7Yield –
ExlService operating margin
Operating margin is operating income as a percentage of revenue.
ExlService's operating margin for the twelve months ending Sep 30, 2026 was 14.8%. For fiscal 2025 it was 15.0%, against 14.3% the year before. The highest annual figure on record is 15.0% in fiscal 2025.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 15.0% | +0.7 |
| FY2024 | Dec 31, 2024 | 14.3% | −0.3 |
| FY2023 | Dec 31, 2023 | 14.6% | +1.0 |
| FY2022 | Dec 31, 2022 | 13.6% | −0.3 |
| FY2021 | Dec 31, 2021 | 13.9% | +2.4 |
| FY2020 | Dec 31, 2020 | 11.5% | +3.8 |
| FY2019 | Dec 31, 2019 | 7.7% | +2.1 |
| FY2018 | Dec 31, 2018 | 5.6% | −3.9 |
| FY2017 | Dec 31, 2017 | 9.5% | +0.1 |
| FY2016 | Dec 31, 2016 | 9.4% | −1.3 |
| FY2015 | Dec 31, 2015 | 10.7% | +3.9 |
| FY2014 | Dec 31, 2014 | 6.8% | −7.3 |
| FY2013 | Dec 31, 2013 | 14.1% | +1.2 |
| FY2012 | Dec 31, 2012 | 12.9% | +1.5 |
| FY2011 | Dec 31, 2011 | 11.5% | +1.0 |
| FY2010 | Dec 31, 2010 | 10.5% | −2.3 |
| FY2009 | Dec 31, 2009 | 12.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 14.0% | −0.4 |
| Q2 FY2026 | Jun 30, 2026 | 14.7% | −1.1 |
| Q1 FY2026 | Mar 31, 2026 | 16.1% | +0.4 |
| Q4 FY2025 | Dec 31, 2025 | 14.4% | −0.4 |
| Q3 FY2025 | Sep 30, 2025 | 14.4% | −0.3 |
| Q2 FY2025 | Jun 30, 2025 | 15.8% | +2.1 |
| Q1 FY2025 | Mar 31, 2025 | 15.7% | +1.6 |
| Q4 FY2024 | Dec 31, 2024 | 14.8% | +1.7 |
| Q3 FY2024 | Sep 30, 2024 | 14.7% | +0.0 |
| Q2 FY2024 | Jun 30, 2024 | 13.7% | −2.3 |
| Q1 FY2024 | Mar 31, 2024 | 14.1% | −0.7 |
| Q4 FY2023 | Dec 31, 2023 | 13.1% | −0.5 |
| Q3 FY2023 | Sep 30, 2023 | 14.7% | +0.8 |
| Q2 FY2023 | Jun 30, 2023 | 16.0% | +2.4 |
| Q1 FY2023 | Mar 31, 2023 | 14.8% | +1.5 |
| Q4 FY2022 | Dec 31, 2022 | 13.6% | +1.4 |
| Q3 FY2022 | Sep 30, 2022 | 13.9% | −0.7 |
| Q2 FY2022 | Jun 30, 2022 | 13.6% | +0.6 |
| Q1 FY2022 | Mar 31, 2022 | 13.4% | −2.5 |
| Q4 FY2021 | Dec 31, 2021 | 12.2% | −3.2 |
| Q3 FY2021 | Sep 30, 2021 | 14.6% | +0.3 |
| Q2 FY2021 | Jun 30, 2021 | 13.0% | +8.6 |
| Q1 FY2021 | Mar 31, 2021 | 15.9% | +4.7 |
| Q4 FY2020 | Dec 31, 2020 | 15.4% | +6.3 |
| Q3 FY2020 | Sep 30, 2020 | 14.3% | +5.4 |
| Q2 FY2020 | Jun 30, 2020 | 4.4% | −1.3 |
| Q1 FY2020 | Mar 31, 2020 | 11.2% | +4.1 |
| Q4 FY2019 | Dec 31, 2019 | 9.1% | +10.0 |
| Q3 FY2019 | Sep 30, 2019 | 8.9% | +0.4 |
| Q2 FY2019 | Jun 30, 2019 | 5.7% | −2.4 |
| Q1 FY2019 | Mar 31, 2019 | 7.0% | −0.3 |
| Q4 FY2018 | Dec 31, 2018 | -0.9% | −9.1 |
| Q3 FY2018 | Sep 30, 2018 | 8.5% | −2.4 |
| Q2 FY2018 | Jun 30, 2018 | 8.1% | −1.5 |
| Q1 FY2018 | Mar 31, 2018 | 7.3% | −2.1 |
| Q4 FY2017 | Dec 31, 2017 | 8.2% | +0.1 |
| Q3 FY2017 | Sep 30, 2017 | 10.9% | – |
| Q2 FY2017 | Jun 30, 2017 | 9.7% | – |
| Q1 FY2017 | Mar 31, 2017 | 9.4% | – |
| Q4 FY2016 | Dec 31, 2016 | 8.2% | – |
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