Exlservice Hldgs Financials
This page shows Exlservice Hldgs (EXLS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Exlservice Hldgs has an operating margin of 14.3%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 72/100, reflecting efficient cost management and pricing power. This is down from 14.6% the prior year.
Exlservice Hldgs's revenue grew 12.7% year-over-year to $1.8B, a solid pace of expansion. This earns a growth score of 65/100.
Exlservice Hldgs carries a low D/E ratio of 0.30, meaning only $0.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.74, Exlservice Hldgs holds $2.74 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.
Exlservice Hldgs has a free cash flow margin of 12.1%, earning a moderate score of 60/100. The company generates positive cash flow after capital investments, but with room for improvement.
Exlservice Hldgs earns a strong 21.3% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 85/100. This is up from 20.8% the prior year.
Exlservice Hldgs scores 7.36, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.8B) relative to total liabilities ($688.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Exlservice Hldgs passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Exlservice Hldgs generates $1.35 in operating cash flow ($268.5M OCF vs $198.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Exlservice Hldgs earns $13.7 in operating income for every $1 of interest expense ($263.6M vs $19.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Exlservice Hldgs generated $1.8B in revenue in fiscal year 2024. This represents an increase of 12.7% from the prior year.
Exlservice Hldgs's EBITDA was $318.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.3% from the prior year.
Exlservice Hldgs generated $222.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 40.3% from the prior year.
Exlservice Hldgs reported $198.3M in net income in fiscal year 2024. This represents an increase of 7.4% from the prior year.
Exlservice Hldgs earned $1.21 per diluted share (EPS) in fiscal year 2024. This represents an increase of 10.0% from the prior year.
Exlservice Hldgs held $153.4M in cash against $283.6M in long-term debt as of fiscal year 2024.
Exlservice Hldgs had 162M shares outstanding in fiscal year 2024. This represents a decrease of 2.1% from the prior year.
Exlservice Hldgs's gross margin was 37.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Exlservice Hldgs's operating margin was 14.3% in fiscal year 2024, reflecting core business profitability. This is down 0.3 percentage points from the prior year.
Exlservice Hldgs's net profit margin was 10.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.
Exlservice Hldgs's ROE was 21.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.
Exlservice Hldgs spent $207.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 57.7% from the prior year.
Exlservice Hldgs invested $46.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 12.4% from the prior year.
EXLS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $529.6M+2.9% | $514.5M+2.7% | $501.0M+21.0% | $414.1M+0.8% | $411.0M+1.5% | $405.0M+1.1% | $400.6M+6.9% | $374.7M |
| Cost of Revenue | $325.6M+1.7% | $320.3M+4.1% | $307.7M+17.4% | $262.2M+2.4% | $256.0M+1.1% | $253.2M+0.7% | $251.5M+5.9% | $237.4M |
| Gross Profit | $203.9M+5.0% | $194.2M+0.5% | $193.3M+27.3% | $151.8M-2.0% | $155.0M+2.1% | $151.8M+1.7% | $149.2M+8.7% | $137.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $66.3M+11.3% | $59.5M+0.2% | $59.4M+10.6% | $53.7M+2.9% | $52.2M+14.5% | $45.6M-2.4% | $46.7M+1.4% | $46.1M |
| Operating Income | $76.2M-6.1% | $81.1M+3.5% | $78.4M+44.5% | $54.3M-9.9% | $60.2M-7.1% | $64.8M+9.0% | $59.4M+16.6% | $51.0M |
| Interest Expense | $4.9M+15.0% | $4.3M+3.3% | $4.1M+31.6% | $3.1M-7.5% | $3.4M+5.1% | $3.2M-4.3% | $3.4M-1.4% | $3.4M |
| Income Tax | $16.5M-11.3% | $18.5M+37.4% | $13.5M-14.4% | $15.8M+11.3% | $14.2M-9.0% | $15.6M+93.0% | $8.1M-37.0% | $12.8M |
| Net Income | $58.2M-11.9% | $66.1M-0.8% | $66.6M+65.2% | $40.3M-8.2% | $43.9M-10.6% | $49.1M-4.4% | $51.3M+61.2% | $31.8M |
| EPS (Diluted) | $0.36-10.0% | $0.400.0% | $0.40+60.0% | $0.25-3.8% | $0.26 | $0.29-3.3% | $0.30 | $-1.51 |
EXLS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B+1.5% | $1.7B+1.9% | $1.7B+16.3% | $1.4B+2.8% | $1.4B+2.9% | $1.4B+4.1% | $1.3B-2.8% | $1.3B |
| Current Assets | $891.9M+3.9% | $858.3M+3.2% | $831.3M+22.3% | $679.7M+4.3% | $651.6M+6.3% | $613.2M+8.3% | $566.2M-7.6% | $612.8M |
| Cash & Equivalents | $160.3M+7.5% | $149.1M+6.2% | $140.4M+2.5% | $137.0M+11.7% | $122.7M+30.5% | $94.0M+7.6% | $87.3M-26.4% | $118.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $351.4M+1.7% | $345.5M+1.7% | $339.9M+10.3% | $308.1M+1.6% | $303.4M+5.2% | $288.3M-0.8% | $290.5M+12.1% | $259.2M |
| Goodwill | $419.9M-0.2% | $420.6M0.0% | $420.5M+3.7% | $405.6M0.0% | $405.6M-0.1% | $405.9M0.0% | $405.8M0.0% | $405.6M |
| Total Liabilities | $781.2M+20.6% | $647.6M-2.6% | $664.5M+20.3% | $552.5M+1.1% | $546.4M+3.4% | $528.5M+2.9% | $513.3M-12.7% | $587.9M |
| Current Liabilities | $307.0M+12.7% | $272.3M+11.8% | $243.7M-25.4% | $326.4M+6.6% | $306.1M+18.2% | $259.1M-7.8% | $280.9M+1.1% | $277.9M |
| Long-Term Debt | $349.9M+37.1% | $255.2M-15.6% | $302.4M+124.0% | $135.0M-15.6% | $160.0M-15.8% | $190.0M+18.8% | $160.0M-27.3% | $220.0M |
| Total Equity | $952.4M-10.2% | $1.1B+4.8% | $1.0B+13.8% | $889.4M+3.9% | $856.1M+2.6% | $834.2M+4.9% | $795.2M+4.9% | $758.2M |
| Retained Earnings | $1.5B+4.1% | $1.4B+4.9% | $1.3B+24.4% | $1.1B+3.9% | $1.0B+4.4% | $999.5M+5.2% | $950.4M+5.7% | $899.1M |
EXLS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $120.7M+10.4% | $109.4M+3272.7% | $3.2M-95.9% | $79.0M+15.2% | $68.6M+44.3% | $47.5M+196.6% | $16.0M-75.4% | $65.1M |
| Capital Expenditures | $14.4M-0.5% | $14.4M+11.5% | $12.9M+10.6% | $11.7M-22.0% | $15.0M+10.0% | $13.6M+9.3% | $12.5M-2.0% | $12.7M |
| Free Cash Flow | $106.4M+12.0% | $95.0M+1079.2% | -$9.7M-114.4% | $67.3M+25.6% | $53.6M+58.1% | $33.9M+856.0% | $3.5M-93.2% | $52.3M |
| Investing Cash Flow | -$46.3M-230.4% | -$14.0M+37.0% | -$22.3M+5.0% | -$23.4M-6634.2% | -$348K+98.9% | -$31.6M-172.8% | $43.3M+302.9% | -$21.4M |
| Financing Cash Flow | -$63.4M+27.9% | -$88.0M-2683.2% | $3.4M+108.4% | -$40.5M-3.4% | -$39.1M-271.7% | -$10.5M+88.5% | -$91.3M-358.7% | -$19.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $159.2M+282.1% | $41.7M+131.6% | $18.0M-42.5% | $31.3M+4.7% | $29.9M+5.8% | $28.3M-33.3% | $42.4M+4455.2% | $930K |
EXLS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.5%+0.8pp | 37.8%-0.8pp | 38.6%+1.9pp | 36.7%-1.0pp | 37.7%+0.2pp | 37.5%+0.3pp | 37.2%+0.6pp | 36.6% |
| Operating Margin | 14.4%-1.4pp | 15.8%+0.1pp | 15.7%+2.5pp | 13.1%-1.6pp | 14.7%-1.3pp | 16.0%+1.2pp | 14.8%+1.2pp | 13.6% |
| Net Margin | 11.0%-1.9pp | 12.8%-0.5pp | 13.3%+3.6pp | 9.7%-1.0pp | 10.7%-1.4pp | 12.1%-0.7pp | 12.8%+4.3pp | 8.5% |
| Return on Equity | 6.1%-0.1pp | 6.2%-0.3pp | 6.6%+2.0pp | 4.5%-0.6pp | 5.1%-0.8pp | 5.9%-0.6pp | 6.5%+2.3pp | 4.2% |
| Return on Assets | 3.4%-0.5pp | 3.9%-0.1pp | 4.0%+1.2pp | 2.8%-0.3pp | 3.1%-0.5pp | 3.6%-0.3pp | 3.9%+1.6pp | 2.4% |
| Current Ratio | 2.91-0.2 | 3.15-0.3 | 3.41+1.3 | 2.08-0.0 | 2.13-0.2 | 2.37+0.4 | 2.02-0.2 | 2.20 |
| Debt-to-Equity | 0.37+0.1 | 0.24-0.1 | 0.30+0.1 | 0.15-0.0 | 0.19-0.0 | 0.23+0.0 | 0.20-0.1 | 0.29 |
| FCF Margin | 20.1%+1.6pp | 18.5%+20.4pp | -1.9%-18.2pp | 16.3%+3.2pp | 13.0%+4.7pp | 8.4%+7.5pp | 0.9%-13.1pp | 14.0% |
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Frequently Asked Questions
What is Exlservice Hldgs's annual revenue?
Exlservice Hldgs (EXLS) reported $1.8B in total revenue for fiscal year 2024. This represents a 12.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Exlservice Hldgs's revenue growing?
Exlservice Hldgs (EXLS) revenue grew by 12.7% year-over-year, from $1.6B to $1.8B in fiscal year 2024.
Is Exlservice Hldgs profitable?
Yes, Exlservice Hldgs (EXLS) reported a net income of $198.3M in fiscal year 2024, with a net profit margin of 10.8%.
What is Exlservice Hldgs's earnings per share (EPS)?
Exlservice Hldgs (EXLS) reported diluted earnings per share of $1.21 for fiscal year 2024. This represents a 10.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Exlservice Hldgs's EBITDA?
Exlservice Hldgs (EXLS) had EBITDA of $318.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Exlservice Hldgs have?
As of fiscal year 2024, Exlservice Hldgs (EXLS) had $153.4M in cash and equivalents against $283.6M in long-term debt.
What is Exlservice Hldgs's gross margin?
Exlservice Hldgs (EXLS) had a gross margin of 37.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Exlservice Hldgs's operating margin?
Exlservice Hldgs (EXLS) had an operating margin of 14.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Exlservice Hldgs's net profit margin?
Exlservice Hldgs (EXLS) had a net profit margin of 10.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Exlservice Hldgs's return on equity (ROE)?
Exlservice Hldgs (EXLS) has a return on equity of 21.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Exlservice Hldgs's free cash flow?
Exlservice Hldgs (EXLS) generated $222.3M in free cash flow during fiscal year 2024. This represents a 40.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Exlservice Hldgs's operating cash flow?
Exlservice Hldgs (EXLS) generated $268.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Exlservice Hldgs's total assets?
Exlservice Hldgs (EXLS) had $1.6B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Exlservice Hldgs's capital expenditures?
Exlservice Hldgs (EXLS) invested $46.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Exlservice Hldgs buy back shares?
Yes, Exlservice Hldgs (EXLS) spent $207.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Exlservice Hldgs have outstanding?
Exlservice Hldgs (EXLS) had 162M shares outstanding as of fiscal year 2024.
What is Exlservice Hldgs's current ratio?
Exlservice Hldgs (EXLS) had a current ratio of 2.74 as of fiscal year 2024, which is generally considered healthy.
What is Exlservice Hldgs's debt-to-equity ratio?
Exlservice Hldgs (EXLS) had a debt-to-equity ratio of 0.30 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Exlservice Hldgs's return on assets (ROA)?
Exlservice Hldgs (EXLS) had a return on assets of 12.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Exlservice Hldgs's Altman Z-Score?
Exlservice Hldgs (EXLS) has an Altman Z-Score of 7.36, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Exlservice Hldgs's Piotroski F-Score?
Exlservice Hldgs (EXLS) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Exlservice Hldgs's earnings high quality?
Exlservice Hldgs (EXLS) has an earnings quality ratio of 1.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Exlservice Hldgs cover its interest payments?
Exlservice Hldgs (EXLS) has an interest coverage ratio of 13.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Exlservice Hldgs?
Exlservice Hldgs (EXLS) scores 79 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.