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ExlService Holdings EXLS Q1 2025 earnings

Reported April 29, 2025 · After market close

Revenue$501.0MMiss by $1.7M
EPS$0.48Beat by $0.03
Revenue estimate$502.7M
EPS estimate$0.45

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$585.1M
EPS estimate$0.56

Financials

Q1 2025

Income statement

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Revenue$501.0M+14.8%
Gross profit$193.3M+18.5%
Operating income$78.4M+27.5%
Net income$66.6M+36.5%
EPS (diluted)$0.40+37.9%

Balance sheet

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Cash & equivalents$158.5M+35.2%
Total debt$388.1M-7.5%
Total equity$1.0B+26.0%
Total assets$1.7B+16.5%

Cash flow

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Operating cash flow$3.2M+115%
CapEx$12.9M+14.9%
Free cash flow-$9.7M+70.7%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$7.66B+46.0%
Enterprise value$7.89B+42.2%
P/E35.5×+6.6×
P/S+0.9×

Profitability

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Gross margin37.9%+0.6pp
Operating margin14.7%+0.3pp
Net margin11.4%+0.4pp
FCF margin12.9%+5.6pp

Returns & leverage

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Return on equity23.8%+1.0pp
Debt / equity0.4×-0.1×
Current ratio3.4×+0.9×

Segments

By segment

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Insurance$200.4M+38.0%
Banking, Capital Markets and Diversified Industries$174.8M+14.6%
Healthcare and Life Sciences$125.8M+24.7%

By geography

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North America$415.4M+14.7%
The United Kingdom and Europe$75.7M+15.4%
International Growth Markets$10.0M-58.1%

By product

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Data and AI-led$267.9M+15.6%
Digital operations$233.1M+13.8%

Versus estimates

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Questions, answered.

When did ExlService Holdings report Q1 2025 earnings?
ExlService Holdings (EXLS) reported Q1 2025 earnings on April 29, 2025 after market close.
What were ExlService Holdings's Q1 2025 revenue and EPS?
ExlService Holdings reported revenue of $501.0M and eps of $0.48 for Q1 2025.
Did ExlService Holdings beat estimates in Q1 2025?
Revenue missed the consensus estimate of $502.7M by $1.7M. EPS beat the consensus estimate of $0.45 by $0.03.
How did ExlService Holdings's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.8% from $436.5M a year earlier and eps grew 26.3% from $0.38.
Where can I find ExlService Holdings's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001297989-25-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.