What are ExlService Holdings's profit margins?

Gross margin is 38.5% and operating margin is 15.2%, with a 11.7% net margin.

Where does ExlService Holdings's income statement data come from?

Every line is extracted from ExlService Holdings's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

ExlService Holdings EXLS Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Total revenue	$570.35M+5.1%	$542.62M+2.5%	$529.59M+2.9%	$514.46M+2.7%	$501.02M+4.1%
Rental income	$0—	——	$111K-1.8%	$113K+2.7%	$110K—
Total cost of revenue	$348.27M+4.6%	$332.98M+2.3%	$325.65M+1.7%	$320.27M+4.1%	$307.71M+3.2%
Gross profit	$222.08M+5.9%	$209.64M+2.8%	$203.94M+5.0%	$194.19M+0.5%	$193.31M+5.4%
Gross margin	38.9%+0.3pp	38.6%+0.1pp	38.5%+0.8pp	37.7%-0.8pp	38.6%+0.5pp
Selling and marketing	$47.2M+4.5%	$45.18M-2.6%	$46.38M+17.6%	$39.45M-5.9%	$41.93M+11.7%
General and administrative	$69.05M-1.5%	$70.09M+5.8%	$66.25M+11.3%	$59.55M+0.2%	$59.42M+1.6%
Compensation and benefits	$22.1M—	——	$23.14M+41.2%	$16.39M-14.6%	$19.19M—
Occupancy and equipment	$7.04M—	——	$6.41M-1.7%	$6.53M+5.6%	$6.18M—
Depreciation and amortization	$14M-13.6%	$16.21M+7.1%	$15.13M+7.6%	$14.06M+3.8%	$13.54M-16.2%
Goodwill impairment	$0—	——	$0—	$0—	$0—
Impairment charges	$0—	——	$0—	$0—	$0—
Other operating expenses	$130.26M-1.0%	$131.62M+3.0%	$127.76M+13.0%	$113.05M-1.6%	$114.9M+2.4%
Total operating expenses	$130.26M-1.0%	$131.62M+3.0%	$127.76M+13.0%	$113.05M-1.6%	$114.9M+2.4%
Operating income	$91.83M+17.7%	$78.02M+2.4%	$76.17M-6.1%	$81.14M+3.5%	$78.42M+10.1%
Operating margin	16.1%+1.7pp	14.4%0.0pp	14.4%-1.4pp	15.8%+0.1pp	15.7%+0.9pp
Interest expense	$3.95M-7.3%	$4.26M-13.4%	$4.92M+15.0%	$4.28M+3.3%	$4.14M-18.9%
Interest income	$1.55M—	——	$2.13M-20.4%	$2.68M+2.2%	$2.63M—
Other income (expense), net	-$425K-103%	$12.18M+925%	-$1.48M-141%	$3.6M+106%	$1.75M-90.1%
Gain (loss) on disposal of assets	$1.49M—	——	$2.2M-2.8%	$2.26M+16.0%	$1.95M—
Income before income taxes	$91.4M+21.1%	$75.45M+1.0%	$74.7M-11.8%	$84.74M+5.7%	$80.17M+13.6%
Income tax expense	$24.32M+59.7%	$15.23M-7.5%	$16.46M-11.3%	$18.55M+37.4%	$13.5M-32.0%
Net income	$67.08M+11.3%	$60.25M+3.6%	$58.16M-11.9%	$66.05M-0.8%	$66.56M+31.4%
Net margin	11.8%+0.7pp	11.1%+0.1pp	11%-1.9pp	12.8%-0.4pp	13.3%+2.8pp
Diluted earnings per share	$0.43+16.2%	$0.37+2.8%	$0.36-10.0%	$0.400.0%	$0.40+29.0%
Basic earnings per share	$0.43+13.2%	$0.38+5.6%	$0.36-12.2%	$0.410.0%	$0.41+28.1%
Weighted-average shares, diluted	156.9M-3.4%	162.5M+0.5%	161.7M-1.5%	164.2M-0.2%	164.6M+0.1%
Weighted-average shares, basic	156M-3.1%	161M+0.3%	160.5M-1.5%	162.9M+0.3%	162.5M-0.1%
Investment and other income	$1.55M—	——	$2.13M-20.4%	$2.68M+2.2%	$2.63M—
Production and delivery	$41.24M—	——	$36.7M+4.5%	$35.11M+2.3%	$34.31M—
Excise And Sales Taxes	$786K—	——	$694K+2,293%	$29K—	$0—
Other Cost Of Operating Revenue	$19.23M—	——	$14.51M+11.4%	$13.03M-12.0%	$14.8M—
Accelerated Share Repurchases Final Price Paid Per Share	$37.37—	——	$0.00—	$0.00-100%	$49.46—
Currency translation adjustments	$1K—	——	——	——	$0—
Accounts Receivable, Allowance For Credit Loss, Writeoff, After Recovery	$61K—	——	$8K-76.5%	$34K+162%	$13K-59.4%
Additions	$250K—	——	$8K-72.4%	$29K-97.6%	$1.22M+489%
Share-based compensation expense related to employee stock plans	$22.1M—	——	$23.14M+41.2%	$16.39M-14.6%	$19.19M—
Pre-tax stock-based compensation cost	$22.1M—	——	$23.14M+41.2%	$16.39M-14.6%	$19.19M—
Amortization of capitalized software and acquired intangible assets	$3.23M—	——	$3.31M+1.0%	$3.28M+1.0%	$3.25M—
Stock options excluded as their inclusion would be anti-dilutive (in shares)	1.6M—	——	1.4M+98.9%	728.2K+128%	318.7K—
Capital investments accrued but not yet paid	$2.16M+143%	$886K—	——	$2.42M-35.7%	$3.77M—
Lease obligation incurred	$217K-13.9%	$252K+152%	$100K-70.2%	$336K+13.1%	$297K-15.9%
Software amortization expense	$2.42M—	——	$3.5M+27.5%	$2.74M+0.1%	$2.74M—
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	-$1.19M—	——	$9.31M—	——	-$12.92M—
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months	-$35.56M—	——	-$13.08M-480%	$3.44M+250%	$983K—
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$10.43M—	——	$23.62M-68.3%	$74.4M-5.2%	$78.5M—
Consideration received for process transition activities	$1.99M—	——	$1.26M-1.2%	$1.28M-7.1%	$1.38M—
Revenue recognized that was included in deferred income at the beginning of the period	$4.62M—	——	$1.82M-53.2%	$3.88M-47.8%	$7.43M—
Labor	$287.8M—	——	$274.44M+0.8%	$272.14M+5.2%	$258.59M—
Deferred and other income taxes	-$2.68M—	——	——	——	-$7.93M—
Defined Benefit Plan Actual Return On Plan Assets	$389K—	——	$437K+34.9%	$324K-12.2%	$369K—
Defined Benefit Plan, Amortization of Gain (Loss)	$183K—	——	$113K-3.4%	$117K+5.4%	$111K—
Defined Benefit Plan Amortization Of Prior Service Cost Credit	$521K—	——	——	——	$0—
Contributions to benefit plan	$0—	——	$2.88M-1.8%	$2.93M—	$0—
Percentage of expected return on plan assets	6.5%—	——	——	——	7%—
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	$413K—	——	$339K-3.4%	$351K+1.7%	$345K—
Interest cost	$729K—	——	$500K-3.3%	$517K+1.6%	$509K—
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$2.68M—	——	$1.41M-3.3%	$1.46M+1.3%	$1.44M—
Defined Benefit Plan Plan Assets Benefits Paid	$503K—	——	$485K+1.0%	$480K+49.5%	$321K—
Foreign Currency Translation	-$1.27M—	——	-$821K-1,224%	-$62K-282%	$34K—
Service cost	$2.02M—	——	$1.36M-3.3%	$1.41M+1.7%	$1.38M—
Defined Contribution Plan Cost Recognized	$8.91M—	——	$8.29M-4.6%	$8.69M+11.7%	$7.79M—
Defined contribution plan costs	$3.02M—	——	$1.47M+6.8%	$1.38M-50.8%	$2.8M—
Maximum percentage of annual compensation contributed by the participant (percent)	3%—	——	——	——	3%—
Depreciation	$10.78M—	——	$11.82M+9.6%	$10.78M+4.5%	$10.31M—
Effect of exchange rate changes on cash, cash equivalents and restricted cash	-$2.33M—	——	——	$4.65M+72.1%	$2.7M—
Effective tax rates	$0.27—	——	$0.22+0.9%	$0.22+29.6%	$0.17—
Share-Based Payment Arrangement, Expense, Tax Benefit	$1.32M—	——	$5.79M+37.4%	$4.21M-53.8%	$9.11M—
Percentage of export-oriented units established	100%—	——	——	——	100%—
Finance Lease, Cost	$243K—	——	$236K+5.4%	$224K+11.4%	$201K—
Finance Lease Interest Payment On Liability	$80K—	——	$2K-75.0%	$8K-88.4%	$69K—
Finance Lease Principal Payments	$153K+4.8%	$146K+23.7%	$118K-9.9%	$131K+12.9%	$116K+11.5%
Finance Lease Right Of Use Asset Amortization	$163K—	——	$157K+6.8%	$147K+11.4%	$132K—
Gain (Loss), Foreign Currency Transaction, before Tax	$1.14M+142%	$469K+146%	-$1.01M-146%	$2.21M+85.5%	$1.19M+447%
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax	$11.41M—	——	$7.66M+275%	$2.04M+60.9%	$1.27M—
GST refund rejected	$5.21M—	——	——	——	$5.75M+567%
Foreign Currency Translation and Other Adjustments	-$995K—	——	-$702K-989%	$79K-26.2%	$107K—
Goodwill impairment losses	$0—	——	$0—	$0—	$0—
Impairment Of Long Lived Assets Held For Use	$0—	——	$0—	$0—	$0—
Income (Loss) From Continuing Operations Before Equity Method Investments, Total	$67.08M+11.4%	$60.22M+3.4%	$58.24M-12.0%	$66.19M-0.7%	$66.67M+31.5%
Accounts payable and other current liabilities	$18.46M—	——	$6.53M—	——	$22.9M+122%
Increase (Decrease) in Accounts Receivable	$47.06M—	——	$7.08M+130%	$3.08M-91.3%	$35.23M+205%
Increase Decrease In Accrued Income Taxes Payable	$20.26M+3,212%	-$651K+87.4%	-$5.16M+30.8%	-$7.46M-164%	$11.66M+166%
Increase (decrease) in contract liabilities and current deferred income	$7.61M+455%	-$2.14M+51.4%	-$4.41M-364%	$1.67M+122%	$753K-89.2%
Increase (decrease) in lease liabilities	$1.34M—	——	$2.66M-20.4%	$3.34M+1,528%	-$234K—
Short- and long-term operating lease liabilities	-$5.98M+0.7%	-$6.03M+9.3%	-$6.65M-3.7%	-$6.41M-9.8%	-$5.84M-10.0%
Increase Decrease In Other Employee Related Liabilities	-$69.25M—	——	——	——	-$65.57M—
Increase (Decrease) in Other Operating Assets	$17.3M+3,226%	$520K—	——	——	$22.95M-44.6%
Add - Incremental shares under stock-based compensation plans (in shares)	$855.06K—	——	$1.22M-3.9%	$1.27M-38.7%	$2.07M—
Interest Paid, Excluding Capitalized Interest, Operating Activity	$3.54M-21.2%	$4.49M+5.4%	$4.26M-3.8%	$4.43M+16.8%	$3.79M-27.9%
Lease Cost	$8.37M—	——	$7.77M-1.1%	$7.85M+6.9%	$7.34M—
Long-term material purchase obligations	$10M+270%	$2.7M+170%	$1M—	——	$10.3M—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$44.6M+72.9%	-$164.84M-160%	-$63.38M+27.9%	-$87.96M-2,683%	$3.41M+105%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	$44.03M—	——	-$46.32M-230%	-$14.02M+37.0%	-$22.27M+9.6%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$1.72M-98.5%	$117.38M-2.8%	$120.72M+10.4%	$109.38M+3,273%	$3.24M-96.9%
Number of classes of common stock outstanding	1—	——	——	——	1—
Number of reportable segments	4—	——	——	——	4—
Oci Before Reclassifications Before Tax Attributable To Parent	-$70.92M—	——	-$43.8M-540%	$9.96M-25.6%	$13.4M—
Operating Lease Payments	$5.98M—	——	$6.65M+3.7%	$6.41M+9.8%	$5.84M—
Operating lease right-of-use assets amortization expense	$6.9M+10.5%	$6.25M+5.8%	$5.9M-8.2%	$6.43M+6.1%	$6.06M+6.4%
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax	-$23.8M—	——	-$17.99M-549%	$4.01M+2.0%	$3.93M—
Amortization of prior service costs/(credits)	$1.18M—	——	——	——	——
Tax on unrealized gain on derivative hedge agreements	-$9.94M—	——	-$4.95M-759%	$750K-71.6%	$2.64M—
Cash flow hedges	-$45.94M—	——	-$25.82M-534%	$5.96M-37.1%	$9.47M—
Tax expense on reclassification of realized net derivative loss to net income	-$1.09M—	——	-$354K-315%	$165K-56.8%	$382K—
Cash flow hedges, Gain or (loss) reclassified from accumulated OCI into income	-$4.92M—	——	-$1.64M-395%	$554K+135%	-$1.6M—
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax	$0—	——	-$3.16M-1,032%	$339K-49.6%	$673K—
Other comprehensive income (loss)	-$56.65M—	——	-$34.54M-514%	$8.35M-30.0%	$11.94M—
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax	$296K—	——	——	——	$0—
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax	$1.18M—	——	——	——	$0—
Pension and other postretirement benefit, tax	-$207K—	——	$126K-3.1%	$130K+4.8%	$124K—
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	-$338K—	——	$113K-3.4%	$117K+5.4%	$111K—
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax	-$131K—	——	-$13K0.0%	-$13K0.0%	-$13K—
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Tax	$131K—	——	$13K0.0%	$13K0.0%	$13K—
Tax expense (benefit)	-$9.01M—	——	-$7.74M-926%	$937K-68.2%	$2.95M—
Others, net	-$652K—	——	$129K-82.3%	$730K+462%	$130K—
Other Noncash Income (Expense)	-$496K+74.0%	-$1.91M-384%	-$394K-183%	-$139K+90.4%	-$1.44M-525%
Other income, net (Note 6)	$2.39M+95.8%	$1.22M-72.6%	$4.46M-21.4%	$5.67M+20.6%	$4.7M+11.6%
Payments for Repurchase of Common Stock	$165.99M+51.5%	$109.58M-31.2%	$159.24M+282%	$41.68M+132%	$17.99M+49.4%
Payment, Tax Withholding, Share-Based Payment Arrangement	$4.85M—	——	$0—	$0-100%	$9.43M—
Payments to Acquire Equity Method Investments	$0—	——	$574K—	——	$600K—
Payments to Acquire Investments	$44.94M-32.1%	$66.22M-35.3%	$102.35M+86.9%	$54.75M-39.3%	$90.19M+42.1%
Payments to Acquire Other Investments	$2.4M—	——	$600K—	——	$1.8M—
Payments to Acquire Property, Plant, and Equipment	$12.93M+19.0%	$10.87M-24.3%	$14.36M-0.5%	$14.43M+11.5%	$12.94M+28.4%
Proceeds from Issuance of Common Stock	$2.79M+144%	$1.14M-6.8%	$1.23M+11.2%	$1.1M-60.1%	$2.77M+84.5%
Proceeds from disposition of marketable securities and other investments	$101.78M-7.8%	$110.41M+55.9%	$70.83M+28.6%	$55.07M-32.3%	$81.36M+67.1%
Dispositions of property, plant, and equipment	$121K+236%	$36K-73.3%	$135K+58.8%	$85K-10.5%	$95K+121%
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	-$5.26M—	——	-$1.52M—	——	-$1.49M—
Repayments of Debt	$56.25M-51.6%	$116.25M+284%	$30.25M-36.0%	$47.25M+51.2%	$31.25M-44.4%
Revenue From Contract With Customer Excluding Assessed Tax	$570.35M+5.1%	$542.62M+2.5%	$529.59M+2.9%	$514.46M+2.7%	$501.02M+4.1%
Right Of Use Asset Obtained In Exchange For Finance Lease Liability	$217K—	——	$100K-70.2%	$336K+13.1%	$297K—
Right Of Use Asset Obtained In Exchange For Operating Lease Liability	$2.76M—	——	$2.66M-56.6%	$6.15M-0.7%	$6.19M—
Stock-based compensation	$22.1M+6.5%	$20.75M-10.3%	$23.14M+41.2%	$16.39M-14.6%	$19.19M+24.0%
Income tax benefit, discrete benefits	$1.28M—	——	$64K-68.5%	$203K-98.6%	$14.53M—
Excise tax on repurchase of common stock, net of stock issuances	-$786K—	——	-$694K-2,493%	$29K—	——
Tax withholding obligation, shares withheld (in shares)	129.7K—	——	0—	0-100%	190.7K—
Stock Issued During Period, Value, Stock Options Exercised	$0—	——	$3.84M—	$0-100%	$1.82M—
Purchase price	$135.8M—	——	$133.47M+220%	$41.75M+418%	$8.06M—
Average price paid (in dollars per share)	$31.04—	——	$43.42-5.8%	$46.08+0.1%	$46.03—
Number of shares purchased (in shares)	4.4M—	——	3.1M+239%	906.2K+418%	175.1K—
Treasury stock, value, acquired	$40.65M—	——	$33.47M-19.8%	$41.75M+139%	$17.49M—
Variable Lease Cost	$1.09M—	——	$1.23M+1.1%	$1.21M+13.1%	$1.07M—
EBIT	$91.83M+17.7%	$78.02M+2.4%	$76.17M-6.1%	$81.14M+3.5%	$78.42M+10.1%
EBITDA	$105.82M+12.1%	$94.39M+3.3%	$91.36M-4.1%	$95.29M+3.6%	$91.96M+5.2%
EBITDA	$105.82M+12.1%	$94.39M+3.3%	$91.36M-4.1%	$95.29M+3.6%	$91.96M+5.2%
EBITDA margin	18.6%+1.2pp	17.4%+0.1pp	17.3%-1.3pp	18.5%+0.2pp	18.4%+0.2pp
EBIT	$91.83M+17.7%	$78.02M+2.4%	$76.17M-6.1%	$81.14M+3.5%	$78.42M+10.1%

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Questions, answered.

What are ExlService Holdings's profit margins?: Gross margin is 38.5% and operating margin is 15.2%, with a 11.7% net margin.
Where does ExlService Holdings's income statement data come from?: Every line is extracted from ExlService Holdings's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.