ExlService Holdings, Inc. (EXLS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 570.35M | 542.62M | 529.59M | 514.46M | 501.02M | 481.43M | 472.07M | 448.37M | 436.51M | 414.06M | 410.97M | 405M | 400.64M | 374.7M | 361.35M | 346.78M | 329.21M | 295.49M | 290.32M | 275.06M |
| Revenue Growth % | 13.84% | 12.71% | 12.18% | 14.74% | 14.78% | 16.27% | 14.87% | 10.71% | 8.95% | 10.5% | 13.73% | 16.79% | 21.7% | 26.81% | 24.46% | 26.07% | 25.93% | 18.69% | 20.46% | 23.64% |
| Cost of Goods Sold | 348.27M | 332.98M | 325.65M | 320.27M | 307.7M | 298.02M | 293.81M | 282.11M | 273.42M | 262.21M | 256M | 253.22M | 251.47M | 237.41M | 230.46M | 221.21M | 207.52M | 183.67M | 177.74M | 170.7M |
| COGS % of Revenue | 61.06% | 61.37% | 61.49% | 62.25% | 61.42% | 61.9% | 62.24% | 62.92% | 62.64% | 63.33% | 62.29% | 62.52% | 62.77% | 63.36% | 63.78% | 63.79% | 63.03% | 62.16% | 61.22% | 62.06% |
| Gross Profit | 222.08M | 209.64M | 203.94M | 194.19M | 193.31M | 183.4M | 178.27M | 166.26M | 163.08M | 151.85M | 154.97M | 151.78M | 149.17M | 137.29M | 130.89M | 125.58M | 121.69M | 111.82M | 112.58M | 104.36M |
| Gross Margin % | 38.94% | 38.63% | 38.51% | 37.75% | 38.58% | 38.1% | 37.76% | 37.08% | 37.36% | 36.67% | 37.71% | 37.48% | 37.23% | 36.64% | 36.22% | 36.21% | 36.97% | 37.84% | 38.78% | 37.94% |
| Gross Profit Growth % | 14.88% | 14.3% | 14.4% | 16.8% | 18.54% | 20.78% | 15.03% | 9.54% | 9.32% | 10.6% | 18.4% | 20.86% | 22.58% | 22.78% | 16.26% | 20.33% | 18.62% | 13.91% | 26.59% | 62.88% |
| Operating Expenses | 130.25M | 131.62M | 127.76M | 113.05M | 114.9M | 112.16M | 108.86M | 104.81M | 101.56M | 97.58M | 94.74M | 86.97M | 89.73M | 86.3M | 80.78M | 78.49M | 77.72M | 75.76M | 70.14M | 68.53M |
| OpEx % of Revenue | 22.84% | 24.26% | 24.12% | 21.97% | 22.93% | 23.3% | 23.06% | 23.38% | 23.27% | 23.57% | 23.05% | 21.47% | 22.4% | 23.03% | 22.35% | 22.63% | 23.61% | 25.64% | 24.16% | 24.92% |
| Selling, General & Admin | 116.25M | 115.27M | 112.63M | 99M | 101.34M | 96M | 95.06M | 91.9M | 89.21M | 85.28M | 83.16M | 73.84M | 76.24M | 72.07M | 66.4M | 64.42M | 64.11M | 63.35M | 57.84M | 56.22M |
| SG&A % of Revenue | 20.38% | 21.24% | 21.27% | 19.24% | 20.23% | 19.94% | 20.14% | 20.5% | 20.44% | 20.6% | 20.23% | 18.23% | 19.03% | 19.23% | 18.37% | 18.58% | 19.48% | 21.44% | 19.92% | 20.44% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 91.83M | 78.02M | 76.17M | 81.14M | 78.42M | 71.24M | 69.41M | 61.45M | 61.52M | 54.27M | 60.23M | 64.81M | 59.45M | 50.99M | 50.11M | 47.08M | 43.98M | 36.06M | 42.44M | 35.83M |
| Operating Margin % | 16.1% | 14.38% | 14.38% | 15.77% | 15.65% | 14.8% | 14.7% | 13.71% | 14.09% | 13.11% | 14.66% | 16% | 14.84% | 13.61% | 13.87% | 13.58% | 13.36% | 12.2% | 14.62% | 13.03% |
| Operating Income Growth % | 17.1% | 9.52% | 9.75% | 32.04% | 27.45% | 31.28% | 15.23% | -5.19% | 3.49% | 6.41% | 20.19% | 37.66% | 35.19% | 41.42% | 18.08% | 31.4% | 5.82% | -5.76% | 23.34% | 263.17% |
| EBITDA | 105.82M | 98.91M | 109.75M | 95.19M | 98.02M | 93.09M | 99.31M | 74.36M | 78.86M | 71.76M | 86.95M | 72.98M | 77.74M | 69.52M | 69.72M | 67.11M | 63.69M | 54.87M | 61.24M | 55.17M |
| EBITDA Margin % | 18.55% | 18.23% | 20.72% | 18.5% | 19.56% | 19.34% | 21.04% | 16.58% | 18.07% | 17.33% | 21.16% | 18.02% | 19.4% | 18.55% | 19.3% | 19.35% | 19.35% | 18.57% | 21.09% | 20.06% |
| EBITDA Growth % | 7.96% | 6.25% | 10.51% | 28.02% | 24.3% | 29.72% | 14.22% | 1.88% | 1.44% | 3.22% | 24.7% | 8.75% | 22.06% | 26.71% | 13.85% | 21.65% | 5.13% | -5.71% | 14.2% | 89.91% |
| D&A (Non-Cash Add-back) | 13.99M | 20.89M | 33.58M | 14.05M | 19.6M | 21.85M | 29.91M | 12.91M | 17.33M | 17.5M | 26.72M | 8.17M | 18.29M | 18.53M | 19.61M | 20.03M | 19.71M | 18.81M | 18.8M | 19.34M |
| EBIT | 91.83M | 92.21M | 79.62M | 89.02M | 84.31M | 75.68M | 74.06M | 65.03M | 65.83M | 59.2M | 61.42M | 67.8M | 62.71M | 48M | 53.88M | 48.33M | 48.14M | 38.84M | 32.48M | 39.4M |
| Net Interest Income | -3.95M | -11.43M | -2.79M | -1.6M | -1.52M | -2.4M | -2.98M | -2.95M | -1.01M | -603K | -1.3M | -1.59M | -1.66M | -1.88M | -985K | -655K | 494K | -83K | -1.05M | -1.83M |
| Interest Income | 0 | 5.31M | 2.13M | 2.68M | 2.63M | 2.71M | 2.55M | 2.38M | 2.28M | 2.55M | 2.11M | 1.65M | 1.72M | 1.55M | 1.46M | 847K | 1.37M | 674K | 761K | 689K |
| Interest Expense | 3.95M | 16.73M | 4.92M | 4.28M | 4.14M | 5.11M | 5.53M | 5.33M | 3.29M | 3.15M | 3.4M | 3.24M | 3.38M | 3.43M | 2.44M | 1.5M | 876K | 757K | 1.81M | 2.52M |
| Other Income/Expense | -425K | -2.55M | -1.48M | 3.46M | 1.64M | -720K | -908K | -1.75M | 992K | 1.78M | -2.19M | -189K | -59K | -6.36M | 1.43M | -110K | 3.4M | 2.07M | -11.73M | 1.06M |
| Pretax Income | 91.4M | 75.48M | 74.7M | 84.6M | 80.06M | 70.52M | 68.5M | 59.7M | 62.52M | 56.05M | 58.04M | 64.62M | 59.39M | 44.64M | 51.54M | 46.97M | 47.38M | 38.13M | 30.7M | 36.89M |
| Pretax Margin % | 16.03% | 13.91% | 14.1% | 16.44% | 15.98% | 14.65% | 14.51% | 13.31% | 14.32% | 13.54% | 14.12% | 15.96% | 14.82% | 11.91% | 14.26% | 13.54% | 14.39% | 12.9% | 10.58% | 13.41% |
| Income Tax | 24.32M | 15.23M | 16.46M | 18.55M | 13.5M | 19.85M | 15.46M | 13.87M | 13.75M | 15.76M | 14.16M | 15.55M | 8.06M | 12.79M | 12.45M | 11.13M | 11.2M | 9.83M | 4.2M | 8.87M |
| Effective Tax Rate % | 26.61% | 20.18% | 22.03% | 21.92% | 16.86% | 28.15% | 22.57% | 23.24% | 22% | 28.13% | 24.4% | 24.07% | 13.57% | 28.65% | 24.15% | 23.68% | 23.64% | 25.78% | 13.67% | 24.03% |
| Net Income | 67.08M | 60.25M | 58.16M | 66.05M | 66.56M | 50.67M | 53.04M | 45.83M | 48.76M | 40.28M | 43.88M | 49.07M | 51.33M | 31.85M | 39.09M | 35.85M | 36.18M | 28.3M | 26.51M | 28.02M |
| Net Margin % | 11.76% | 11.1% | 10.98% | 12.84% | 13.29% | 10.53% | 11.23% | 10.22% | 11.17% | 9.73% | 10.68% | 12.12% | 12.81% | 8.5% | 10.82% | 10.34% | 10.99% | 9.58% | 9.13% | 10.19% |
| Net Income Growth % | 0.78% | 18.89% | 9.66% | 44.14% | 36.5% | 25.79% | 20.88% | -6.61% | -5% | 26.48% | 12.23% | 36.89% | 41.88% | 12.54% | 47.49% | 27.93% | 13.3% | -12.16% | 0.34% | 232.44% |
| Net Income (Continuing) | 67.08M | 60.25M | 58.24M | 66.05M | 66.56M | 50.67M | 53.04M | 45.83M | 48.76M | 40.28M | 43.88M | 49.07M | 51.33M | 31.85M | 39.09M | 35.85M | 36.18M | 28.3M | 26.51M | 28.02M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.43 | 0.38 | 0.36 | 0.40 | 0.40 | 0.31 | 0.33 | 0.28 | 0.29 | 0.24 | 0.26 | 0.29 | 0.30 | 0.19 | 0.23 | 0.21 | 0.21 | 0.17 | 0.15 | 0.16 |
| EPS Growth % | 7.5% | 22.58% | 9.09% | 42.86% | 37.93% | 29.17% | 26.92% | -3.45% | -3.33% | 26.32% | 13.04% | 38.1% | 42.86% | 11.76% | 53.33% | 31.25% | 10.53% | -10.53% | 0% | 233.33% |
| EPS (Basic) | 0.43 | 0.38 | 0.36 | 0.41 | 0.41 | 0.31 | 0.33 | 0.28 | 0.30 | 0.24 | 0.26 | 0.29 | 0.31 | 0.19 | 0.24 | 0.21 | 0.22 | 0.17 | 0.16 | 0.17 |
| Diluted Shares Outstanding | 156.9M | 162.48M | 161.71M | 164.19M | 164.56M | 164.32M | 163.19M | 163.96M | 166.73M | 166.88M | 167.69M | 168.44M | 169.66M | 169.18M | 168.89M | 169.15M | 169.47M | 170.5M | 172.12M | 172.97M |
| Basic Shares Outstanding | 156.05M | 161.03M | 160.5M | 162.93M | 162.49M | 162.72M | 161.73M | 162.79M | 165.08M | 165.25M | 166.16M | 166.78M | 167.2M | 166.21M | 166.19M | 167.02M | 167.21M | 169.84M | 171.53M | 171.95M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |