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ExlService Holdings EXLS Effective tax rates

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Other financials

Income statement

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Revenue$594.8M+15.6%
Gross profit$226.0M+16.4%
Operating income$87.3M+7.6%
Net income$64.5M-2.3%
EPS (diluted)$0.42+5.0%

Balance sheet

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Cash & equivalents$146.8M-13.9%
Total debt$490.2M+42.9%
Total equity$866.2M-18.4%
Total assets$1.7B+2.3%

Cash flow

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Operating cash flow$87.9M-19.6%
CapEx$14.5M+0.6%
Free cash flow$73.4M-22.7%

Valuation

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Market cap$5.25B-23.9%
Enterprise value$5.6B-20.9%
P/E21×-8.2×
P/S2.4×-1.2×

Profitability

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Gross margin38.5%+0.5pp
Operating margin14.9%-0.3pp
Net margin11.2%-0.8pp
FCF margin12.3%-1.8pp

Returns & leverage

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Return on equity25.9%+1.2pp
Debt / equity0.6×+0.2×
Current ratio1.2×-1.9×

Where this comes from

Reported directly by ExlService Holdings in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateContinuingOperations.

The source filing: ExlService Holdings’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001297989-26-000023

The effective tax rate for the three months ended June 30, 2026 was 23.1%, an increase from 21.9% for the three months ended June 30, 2025. The Company recorded income tax expense of $19,426 and $18,546 for the three months ended June 30, 2026 and 2025, respectively. The increase in income tax expense for the three months ended June 30, 2026 was primarily a result of an increase in non-deductible expenses and lower excess tax benefits related to stock-based compensation, as compared to the three months ended June 30, 2025.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is ExlService Holdings's effective tax rates?
ExlService Holdings (EXLS) reported effective tax rates of $0.23 in Q2 2026.
How has ExlService Holdings's effective tax rates changed year-over-year?
ExlService Holdings's effective tax rates increased by 5.5% year-over-year, from $0.22 to $0.23.

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