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EXLS Financials Exlservice Holdings, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 16.8% per year over the past 5 years.
  • Net income has grown faster than revenue (22.9% vs 16.8% per year).
  • Operating margin has expanded, at 15.0% in the latest year.
  • Free cash flow has grown 13.1% per year over the past 5 years.

Financial health

  • Total debt ($299M) exceeds cash ($146M); net debt is $152M.
  • Total debt has grown slower than revenue (5.6% vs 16.8% per year).
  • Operating income covered interest expense 18× in the latest year.
  • Total debt is 0.8× EBITDA.
Revenue & net income
$0 $1B $2B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 19% 38% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $149M $298M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $151M $302M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$313M $19M $351M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $2.1B $251M 38.4% 15.0% $298M $299M $146M
2024 $1.8B $198M 37.6% 14.3% $222M $288M $153M
2023 $1.6B $185M 37.3% 14.6% $158M $200M $137M
2022 $1.4B $143M 36.5% 13.6% $121M $250M $119M
2021 $1.1B $115M 38.4% 13.9% $147M $260M $135M
2020 $958M $89M 34.9% 11.5% $161M $227M $219M
2019 $991M $68M 33.9% 7.7% $128M $235M $119M
2018 $883M $57M 33.8% 5.6% $52M $302M $96M
2017 $762M $49M 35.0% 9.5% $78M $709000 $87M
2016 $686M $62M 34.7% 9.4% $77M $55M $213M
2015 — $52M — — $71M $70M $205M
2014 — $32M — — $39M $50M $176M
2013 — $48M — — $67M — $148M
2012 — $42M — — $47M — $103M
2011 — $35M — — $37M — $82M

Valuation over time

How the market has priced EXLS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 95.3 190.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 9.7 19.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is EXLS growing its revenue and profit?

Over the past 5 years, Exlservice Holdings, Inc.'s revenue has grown 16.8% per year, and net income grown 22.9% per year. These are computed facts, not advice.

How much debt does EXLS have?

As of FY2025, Exlservice Holdings, Inc. reported $299M of total debt against $146M of cash; operating income covered interest expense 18×.

What is EXLS's profit margin?

In FY2025, gross margin was 38.4%, operating margin 15.0%, and net margin 12.0%.

What is EXLS's P/E ratio?

As of Jun '26, Exlservice Holdings, Inc. traded at a price-to-earnings ratio of about 15.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.