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%+0.6pp	38.4%+0.8pp	38.2%+1.0pp	38%+0.8pp	37.9%+0.6pp
Operating margin	15.2%+0.4pp	15%+0.7pp	15.1%+1.2pp	15.2%+1.4pp	14.7%+0.3pp
Net margin	11.7%+0.3pp	12%+1.2pp	11.9%+1.3pp	12%+1.5pp	11.4%+0.4pp
EBITDA margin	17.9%+0.2pp	17.9%+0.5pp	18.1%+1.2pp	18.2%+1.4pp	17.7%+0.3pp
Free cash flow margin	13.8%+0.8pp	14.3%+2.2pp	14.2%+3.2pp	14.1%+5.3pp	12.9%+5.6pp
Returns
Return on equity	28.1%+4.3pp	27.2%+5.4pp	26%+4.7pp	24.7%+3.5pp	23.8%+1.0pp
Return on assets	15%+1.1pp	15.1%+2.2pp	14.4%+2.0pp	14.7%+2.2pp	13.9%+0.6pp
Return on invested capital	21.2%+2.7pp	22%+3.3pp	20.1%+2.8pp	19.6%+3.1pp	18.5%+0.9pp
Efficiency
Asset turnover	1.3×+0.1×	1.3×+0.1×	1.2×0.0×	1.2×0.0×	1.2×0.0×
Liquidity
Current ratio	2.7×-0.7×	2.6×-0.2×	2.9×-0.1×	3.2×+0.7×	3.4×+0.9×
Quick ratio	2.7×-0.7×	2.6×-0.2×	2.9×-0.1×	3.2×+0.7×	3.4×+0.9×
Cash ratio	0.6×-0.1×	0.5×-0.1×	0.6×-0.1×	0.6×+0.2×	0.7×+0.2×
Leverage
Debt-to-equity	0.7×+0.3×	0.4×+0.1×	0.5×0.0×	0.3×-0.2×	0.4×-0.1×
Debt-to-assets	0.3×+0.1×	0.2×0.0×	0.3×0.0×	0.2×-0.1×	0.2×-0.1×
Net debt / EBITDA	0.9×+0.2×	0.6×0.0×	0.7×-0.2×	0.5×-0.5×	0.7×-0.4×
Interest coverage	18.8×+4.8×	17.8×+4.1×	16.6×+2.4×	15.7×+0.1×	13.9×-4.5×
Per Share
Book value per share	$4.96-19.3%	$5.62-0.7%	$5.89+5.9%	$6.46+24.3%	$6.15+27.6%
Valuation
Market capitalization	$4.76B-37.9%	$6.74B-5.7%	$7.11B+14.5%	$7.24B+39.9%	$7.66B+46.0%
Enterprise value	$5.12B-35.2%	$6.98B-4.9%	$7.37B+13.8%	$7.42B+35.5%	$7.89B+42.2%
Price / earnings	18.9×-16.5×	26.8×-9.2×	29.5×-3.6×	30.6×+1.7×	35.5×+6.6×
Price / sales	2.2×-1.8×	3.2×-0.7×	3.5×0.0×	3.7×+0.7×	4×+0.9×
Price / book	6.1×-1.5×	7.4×-0.3×	7.5×+0.6×	6.8×+0.8×	7.6×+1.0×
EV / EBITDA	13.2×-10.2×	18.7×-4.3×	20.1×-1.6×	20.7×+1.6×	23.4×+4.3×
EV / sales	2.4×-1.8×	3.3×-0.6×	3.6×0.0×	3.8×+0.6×	4.1×+0.8×
Free cash flow yield	6.2%+3.0pp	4.4%+1.3pp	4%+0.9pp	3.8%+0.9pp	3.2%+0.9pp
Earnings yield	5.3%+2.5pp	3.7%+0.9pp	3.4%+0.4pp	3.3%-0.2pp	2.8%-0.6pp
PEG ratio	1.2×-0.7×	1×-3.8×	1×-3.9×	1×-5.8×	1.9×0.0×

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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.