EXLS
$40.86+2.77%
ExlService Holdings Inc.Stock · TechnologyNasdaq Composite · 0.01% of ONEQRussell 1000 · 0.005% of IWBRussell 3000 · 0.005% of IWVUS Stock Market · 0.005% of VTI
EXLS financial statements
The full income statement, balance sheet, and cash-flow statement for ExlService Holdings Inc. (EXLS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 161.4M2024-09 160.9M2024-12 162.3M2025-03 162.7M2025-06 161.5M2025-09 158.7M2025-12 156.4M2026-03 152.8M2026-06 151.7M-6.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.09B+13.6% | 1.84B+12.7% | 1.63B+15.5% | 1.41B+25.8% | 1.12B+17.1% | |
| Gross profit | 801M+15.9% | 691M+13.7% | 608M+17.9% | 515M+19.5% | 431M+29.0% | |
| 487M+14.0% | 427M+15.8% | 369M+14.1% | 323M+17.4% | 275M+22.7% | ||
| Selling, general & administrative | 255M+13.1% | 226M+13.8% | 198M+17.3% | 169M+19.0% | 142M+24.7% | |
| General & administrative | 255M+13.1% | 226M+13.8% | 198M+17.3% | 169M+19.0% | 142M+24.7% | |
| Selling & marketing | 173M+18.0% | 147M+21.9% | 120M+22.7% | 98.0M+16.2% | 84.3M+40.2% | |
| Restructuring | — | 4.76M | — | — | — | |
| Amortization of intangibles | 13.1M-3.6% | 13.6M-7.1% | 14.7M-14.2% | 17.1M+33.9% | 12.8M-11.3% | |
| Provision for credit losses | — | — | 2.45M+259.2% | 683K+247.2% | -464K-256.2% | |
| Operating income | 314M+19.0% | 264M+10.4% | 239M+24.2% | 192M+23.3% | 156M+41.7% | |
| Interest expense | 17.6M-8.5% | 19.3M+46.1% | 13.2M+59.7% | 8.25M+9.1% | 7.56M-32.4% | |
| Other non-operating income | 16.1M-0.2% | 16.1M+48.5% | 10.8M+108440.0% | -10.0K-100.1% | 6.77M-43.9% | |
| Equity-method income | -305K-167.5% | -114K-174.5% | 153K-64.7% | 434K+823.4% | 47.0K+120.7% | |
| Pre-tax income | 315M+20.5% | 261M+9.8% | 238M+25.2% | 190M+29.7% | 147M+27.1% | |
| Income tax | 63.7M+1.3% | 62.9M+17.6% | 53.5M+12.6% | 47.6M+49.3% | 31.9M+24.3% | |
| Net income | 251M+26.6% | 198M+7.4% | 185M+29.1% | 143M+24.6% | 115M+28.3% | |
| $1.54+27.3% | $1.21+10.0% | $1.10+29.4% | $0.85+26.9% | $0.67+29.3% | ||
| EPS (basic) | $1.56+27.9% | $1.22+9.9% | $1.11+29.1% | $0.86+26.5% | $0.68+30.3% | |
| Weighted-avg shares (basic) | 161M-1.0% | 163M-2.2% | 166M-0.2% | 167M-0.7% | 168M-2.1% | |
| Weighted-avg shares (diluted) | 162M-1.1% | 164M-2.3% | 168M-0.6% | 169M-1.2% | 171M-0.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 830M+4.4% | 795M+17.0% | 680M+10.9% | 613M+6.0% | 578M-5.1% | ||
| Cash & equivalents | 146M-4.6% | 153M+12.0% | 137M+15.4% | 119M-12.3% | 135M-38.1% | |
| Short-term investments | 182M-2.8% | 187M+21.7% | 154M-14.0% | 179M-0.2% | 179M-2.6% | |
| Accounts receivable | 343M+12.7% | 304M-1.2% | 308M+18.9% | 259M+33.5% | 194M+31.6% | |
| Prepaid expenses | — | — | — | — | 14.7M | |
| Other current assets | 146M+4.1% | 140M+83.0% | 76.7M+50.4% | 51.0M-19.0% | 63.0M+69.7% | |
| 1.70B+5.2% | 1.62B+12.2% | 1.44B+7.1% | 1.35B+4.9% | 1.28B+2.8% | ||
| Property, plant & equipment | 112M+11.7% | 100M+0.5% | 99.6M+21.0% | 82.3M-3.9% | 85.7M-7.3% | |
| Operating lease right-of-use | 97.4M+41.6% | 68.8M+6.1% | 64.9M+17.2% | 55.3M-27.8% | 76.7M-16.6% | |
| Goodwill | 420M-0.2% | 420M+3.6% | 406M+0.0% | 406M+0.4% | 404M+15.7% | |
| Intangible assets | 36.2M-26.6% | 49.3M-1.7% | 50.2M-22.6% | 64.8M-20.1% | 81.1M+36.1% | |
| Long-term investments | 8.20M-41.3% | 14.0M+215.4% | 4.43M-87.3% | 34.8M+990.3% | 3.19M | |
| Deferred tax assets | 130M+24.1% | 105M+26.3% | 82.9M+48.6% | 55.8M+160.7% | 21.4M+176.2% | |
| Other non-current assets | 61.8M+10.1% | 56.1M+13.2% | 49.5M+54.4% | 32.1M+6.2% | 30.2M-6.0% | |
| 324M+11.7% | 290M-11.1% | 326M+17.4% | 278M-43.9% | 496M+124.2% | ||
| Accounts payable | 4.75M-19.2% | 5.88M+16.4% | 5.05M-35.1% | 7.79M+37.9% | 5.65M-19.2% | |
| Accrued liabilities | 135M+19.3% | 114M-0.5% | 114M+19.7% | 95.4M+24.9% | 76.3M+15.0% | |
| Deferred revenue | 15.4M-20.3% | 19.3M+56.4% | 12.3M-34.4% | 18.8M-6.1% | 20.0M-38.7% | |
| Short-term & current debt | 4.89M+0.0% | 4.89M-92.5% | 65.0M+116.7% | 30.0M-88.5% | 260M+940.1% | |
| Current lease liability | 16.9M+2.2% | 16.5M+29.0% | 12.8M-14.7% | 15.0M-19.0% | 18.5M-2.2% | |
| Other current liabilities | 11.0M+27.0% | 8.67M+57.0% | 5.52M+92.6% | 2.87M+167.7% | 1.07M-11.1% | |
| Finance lease liability (current) | 616K+41.6% | 435K+127.7% | 191K+16.5% | 164K+16.3% | 141K-38.4% | |
| 790M+14.7% | 689M+24.6% | 553M-6.0% | 588M-0.3% | 590M+11.5% | ||
| Long-term debt | 294M+3.6% | 284M+110.1% | 135M-38.6% | 220M | 0.00-100.0% | |
| Deferred revenue (non-current) | 26.1M+43.5% | 18.2M+78.6% | 10.2M+131.3% | 4.41M+343.0% | 995K+7.7% | |
| Non-current lease liability | 88.2M+47.3% | 59.9M+2.9% | 58.2M+20.8% | 48.2M-29.7% | 68.5M-19.3% | |
| Operating lease liability (total) | 105M+37.6% | 76.3M+7.6% | 71.0M+12.4% | 63.1M-27.4% | 87.0M-16.2% | |
| Finance lease liability (total) | 2.16M+21.1% | 1.78M+121.9% | 804K+54.9% | 519K+40.3% | 370K-27.5% | |
| Finance lease liability | 1.54M+14.5% | 1.35M+120.1% | 613K+72.7% | 355K+55.0% | 229K-18.5% | |
| Deferred tax liabilities | 2.13M+51.5% | 1.40M-6.2% | 1.50M+173.3% | 547K-43.3% | 965K+13.9% | |
| Other non-current liabilities | 81.4M+51.9% | 53.6M+70.3% | 31.5M-23.8% | 41.3M+67.9% | 24.6M+35.6% | |
| 913M-1.8% | 930M+4.5% | 889M+17.3% | 758M+9.4% | 693M-3.6% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 209K+1.5% | 206K+1.5% | 203K+1.5% | 200K+400.0% | 40.0K+2.6% | |
| Additional paid-in capital | 678M+15.1% | 589M+15.9% | 508M+14.2% | 445M+12.4% | 396M-6.0% | |
| Retained earnings | 1.53B+19.6% | 1.28B+18.3% | 1.08B+20.5% | 899M+18.9% | 756M+17.9% | |
| Treasury stock | 1.12B+42.1% | 786M+36.6% | 575M+30.2% | 442M+19.7% | 369M+37.7% | |
| Accumulated other comprehensive income | -181M-16.8% | -155M-21.8% | -127M+11.9% | -144M-61.1% | -89.5M-19.3% | |
| Total equity incl. non-controlling | 913M-1.8% | 930M+4.5% | 889M+17.3% | 758M+9.4% | 693M-3.6% | |
| Total liabilities & equity | 1.70B+5.2% | 1.62B+12.2% | 1.44B+7.1% | 1.35B+4.9% | 1.28B+2.8% | |
| Common shares issued | 209M+1.1% | 207M+1.5% | 203M+1.7% | 200M+1.2% | 198M+1.4% | |
| Common shares outstanding | 156M-3.3% | 162M-2.1% | 165M-0.5% | 166M-0.2% | 166M-0.8% | |
| Shares outstanding (cover) | 156M-3.6% | 162M-2.1% | 166M-0.4% | 167M+0.3% | 166M-0.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 351M+30.6% | 269M+27.1% | 211M+27.1% | 166M-9.9% | 184M-9.2% | ||
| Depreciation & amortization | 59.2M+7.3% | 55.2M+9.8% | 50.3M-10.4% | 56.1M+13.0% | 49.7M-1.7% | |
| Intangible amortization | 13.1M-3.6% | 13.6M-7.1% | 14.7M-14.2% | 17.1M+33.9% | 12.8M-11.3% | |
| Share-based compensation | 79.5M+9.4% | 72.7M+24.3% | 58.4M+18.4% | 49.4M+27.8% | 38.6M+36.8% | |
| Deferred income taxes | -15.1M+24.2% | -19.9M+37.4% | -31.7M-62.3% | -19.6M+3.8% | -20.3M-853.7% | |
| Change in receivables | 36.0M+874.5% | -4.65M-109.4% | 49.2M-27.7% | 68.1M+80.8% | 37.7M+252.6% | |
| Change in payables | — | — | -2.76M-215.6% | 2.38M+488.4% | -614K-352.7% | |
| -49.3M+58.6% | -119M-892.7% | -12.0M+87.6% | -96.5M+15.5% | -114M-523.9% | ||
| Capital expenditure | 52.6M+13.7% | 46.3M-12.4% | 52.8M+17.8% | 44.8M+20.4% | 37.2M-11.8% | |
| Free cash flow | 298M+34.1% | 222M+40.3% | 158M+30.6% | 121M-17.6% | 147M-8.5% | |
| Acquisitions | 0.00-100.0% | 24.3M | 0.00-100.0% | 3.87M-95.0% | 76.8M | |
| Purchases of investments | 314M+8.5% | 289M+22.8% | 235M+10.7% | 213M+121.4% | 96.0M-6.3% | |
| Sales/maturities of investments | 318M+31.9% | 241M-12.7% | 276M+67.8% | 165M+74.0% | 94.5M-25.1% | |
| Proceeds from sale of PP&E | 351K+63.3% | 215K-70.9% | 739K+177.8% | 266K-79.5% | 1.30M+41.9% | |
| -313M-162.6% | -119M+34.4% | -181M-122.0% | -81.7M+44.4% | -147M-64.0% | ||
| Long-term debt issued | 235M-19.0% | 290M+262.5% | 80.0M+128.6% | 35.0M | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 6.24M+24.2% | 5.02M-9.8% | 5.57M+425.1% | 1.06M+49.3% | 710K | |
| Common stock repurchased | 328M+58.0% | 208M+57.7% | 132M+81.5% | 72.6M-38.6% | 118M+48.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 5.88M+235.8% | -4.33M-313.3% | 2.03M+133.5% | -6.06M-22.5% | -4.95M-246.3% | |
| Net change in cash | -5.43M-120.9% | 26.0M+31.4% | 19.8M+208.7% | -18.2M+77.7% | -81.7M-183.0% | |
| Interest paid | 17.0M-13.5% | 19.6M+41.1% | 13.9M+69.7% | 8.19M+24.3% | 6.59M-13.6% | |
| Income taxes paid | 77.2M-28.9% | 109M+1.9% | 107M+86.7% | 57.1M+14.1% | 50.0M+143.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 6.64B-7.9% | 7.20B+41.6% | 5.09B-9.2% | 5.60B+16.5% | 4.81B+68.7% | |
| P/E | 26.4×-27.2% | 36.3×+25.7% | 28.9×-28.1% | 40.2×-4.1% | 41.9×+31.5% | |
| P/S | 3.2×-18.9% | 3.9×+22.5% | 3.2×-23.9% | 4.2×-1.9% | 4.3×+44.1% | |
| P/B | 7.3×-6.1% | 7.7×+30.3% | 5.9×-25.3% | 8.0×+14.6% | 6.9×+75.0% | |
| P/FCF | 22.3×-31.3% | 32.4×-8.7% | 35.5×-16.8% | 42.6×+30.5% | 32.7×+84.3% | |
| Earnings yield | 3.8%+37.4% | 2.8%-20.5% | 3.5%+39.1% | 2.5%+4.2% | 2.4%-24.0% | |
| FCF yield | 4.5%+45.6% | 3.1%+9.5% | 2.8%+20.1% | 2.3%-23.4% | 3.1%-45.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: EXLS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EXLS filings on SEC EDGAR → Not investment advice.