ExlService Holdings (EXLS) Cost of Revenue (2010 - 2026)

ExlService Holdings' Cost of Revenue history runs 17 years deep, the most recent figure standing at $348.3 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 13.18% year-over-year to $348.3 million; the TTM figure through Mar 2026 stood at -$346.6 million (down 7.6% YoY), while the FY2025 annual figure was $172.9 million, up 18.04% from the prior year.
• Cost of Revenue was $348.3 million for Q1 2026 at ExlService Holdings, up from -$780.7 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $934.2 million in Q4 2023 to a low of -$780.7 million in Q4 2025.
• Historically, Cost of Revenue has averaged $54.1 million across 5 years, with a median of $36.0 million in 2024.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue jumped 3499.41% in 2023, then tumbled 175.23% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $26.0 million in 2022, then surged by 3499.41% to $934.2 million in 2023, then sank by 175.23% to -$702.8 million in 2024, then slipped by 11.08% to -$780.7 million in 2025, then soared by 144.61% to $348.3 million in 2026.
• The last three Cost of Revenue figures came in at $348.3 million (Q1 2026), -$780.7 million (Q4 2025), and $46.4 million (Q3 2025), per Business Quant data.