What are ExlService Holdings's profit margins?

ExlService Holdings (EXLS) runs a 38.5% gross margin and a 15.2% operating margin, with a 11.7% net margin.

Where do ExlService Holdings's ratios come from?

Every ratio is computed from ExlService Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

ExlService Holdings EXLS Ratios & Valuation

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
Profitability
Gross margin	38.5%+0.1pp	38.4%+0.1pp	38.2%+0.2pp	38%+0.1pp	37.9%+0.3pp
Operating margin	15.2%+0.1pp	15%-0.1pp	15.1%-0.1pp	15.2%+0.5pp	14.7%+0.4pp
Net margin	11.7%-0.4pp	12%+0.1pp	11.9%-0.1pp	12%+0.6pp	11.4%+0.6pp
EBITDA margin	17.9%+0.1pp	17.9%-0.2pp	18.1%-0.1pp	18.2%+0.5pp	17.7%+0.4pp
Free cash flow margin	13.8%-0.5pp	14.3%+0.1pp	14.2%0.0pp	14.1%+1.2pp	12.9%+0.8pp
Returns
Return on equity	28.1%+0.8pp	27.2%+1.3pp	26%+1.3pp	24.7%+0.9pp	23.8%+2.0pp
Return on assets	15%-0.1pp	15.1%+0.7pp	14.4%-0.3pp	14.7%+0.8pp	13.9%+0.9pp
Return on invested capital	21.2%-0.7pp	22%+1.9pp	20.1%+0.5pp	19.6%+1.1pp	18.5%-0.2pp
Efficiency
Asset turnover	1.3×0.0×	1.3×0.0×	1.2×0.0×	1.2×0.0×	1.2×0.0×
Liquidity
Current ratio	2.7×+0.1×	2.6×-0.3×	2.9×-0.2×	3.2×-0.3×	3.4×+0.7×
Quick ratio	2.7×+0.1×	2.6×-0.3×	2.9×-0.2×	3.2×-0.3×	3.4×+0.7×
Cash ratio	0.6×0.0×	0.5×-0.1×	0.6×0.0×	0.6×0.0×	0.7×+0.1×
Leverage
Debt-to-equity	0.7×+0.2×	0.4×0.0×	0.5×+0.1×	0.3×-0.1×	0.4×0.0×
Debt-to-assets	0.3×+0.1×	0.2×0.0×	0.3×+0.1×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	0.9×+0.3×	0.6×-0.1×	0.7×+0.2×	0.5×-0.2×	0.7×+0.1×
Interest coverage	18.8×+1.0×	17.8×+1.2×	16.6×+0.9×	15.7×+1.8×	13.9×+0.3×
Per Share
Book value per share	$4.96-11.6%	$5.62-4.6%	$5.89-8.9%	$6.46+5.1%	$6.15+8.7%
Valuation
Market capitalization	$4.76B-29.3%	$6.74B-5.3%	$7.11B-1.8%	$7.24B-5.5%	$7.66B+7.3%
Enterprise value	$5.12B-26.6%	$6.98B-5.3%	$7.37B-0.6%	$7.42B-6.0%	$7.89B+7.6%
Price / earnings	18.9×-7.9×	26.8×-2.6×	29.5×-1.2×	30.6×-4.8×	35.5×-0.5×
Price / sales	2.2×-1.0×	3.2×-0.3×	3.5×-0.2×	3.7×-0.3×	4×+0.1×
Price / book	6.1×-1.3×	7.4×-0.1×	7.5×+0.6×	6.8×-0.7×	7.6×-0.1×
EV / EBITDA	13.2×-5.5×	18.7×-1.4×	20.1×-0.6×	20.7×-2.7×	23.4×+0.4×
EV / sales	2.4×-1.0×	3.3×-0.3×	3.6×-0.1×	3.8×-0.4×	4.1×+0.2×
Free cash flow yield	6.2%+1.8pp	4.4%+0.4pp	4%+0.2pp	3.8%+0.6pp	3.2%+0.1pp
Earnings yield	5.3%+1.6pp	3.7%+0.3pp	3.4%+0.1pp	3.3%+0.4pp	2.8%0.0pp
PEG ratio	1.2×+0.1×	1×0.0×	1×+0.1×	1×-0.9×	1.9×-2.9×

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Questions, answered.

What are ExlService Holdings's profit margins?: ExlService Holdings (EXLS) runs a 38.5% gross margin and a 15.2% operating margin, with a 11.7% net margin.
Where do ExlService Holdings's ratios come from?: Every ratio is computed from ExlService Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.