ExlService Holdings (EXLS) EV to EBITDA (2010 - 2026)
ExlService Holdings (EXLS) posted EV to EBITDA of 41.7 for Q2 2026, down 2.87% on a QoQ basis from 42.93 in Q1 2026, and down 44.66% year-over-year from 75.35 in Q2 2025.
Analysis
ExlService Holdings (EXLS) EV to EBITDA (2010 - 2026) Analysis & Trends
ExlService Holdings has reported EV to EBITDA for 17 years, with the latest figure at 41.7 in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 44.66% year-over-year to 41.7 in Q2 2026; TTM through Jun 2026 was 9.87, a 51.02% decrease from a year earlier, with the FY2025 full-year figure at 17.54, down 21.72% from the prior year.
- EV to EBITDA was 41.7 for Q2 2026 at ExlService Holdings, down from 42.93 in the prior quarter.
- The five-year high for EV to EBITDA was 90.32 in Q4 2022, with the low at 41.7 in Q2 2026.
- Average EV to EBITDA over 5 years is 73.09, with a median of 75.21 recorded in 2025.
- The sharpest annual moves came in 2022 and 2026: EV to EBITDA surged 55.49% in 2022, then slumped 49.41% in 2026.
- Over 5 years, EV to EBITDA stood at 90.32 in 2022, then decreased by 13.41% to 78.2 in 2023, then climbed by 4.9% to 82.03 in 2024, then retreated by 15.52% to 69.3 in 2025, then tumbled by 39.83% to 41.7 in 2026.
- The last three EV to EBITDA figures came in at 41.7 (Q2 2026), 42.93 (Q1 2026), and 69.3 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 47.37 Bn | 47.42 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 28.16 Bn | 27.11 Bn | 1.83 Bn |
| 3 | Cgi | 14.44 Bn | 13.86 Bn | - |
| 4 | EPAM Systems | 6.04 Bn | 5.25 Bn | 429.57 Mn |
| 5 | ExlService Holdings | 5.56 Bn | 5.27 Bn | 225.96 Mn |
| 6 | Science Applications International | 5.32 Bn | 5.20 Bn | 239.00 Mn |
| 7 | Kyndryl Holdings | 2.86 Bn | 850.31 Mn | 776.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn |
| 9 | Innodata | 1.91 Bn | 1.66 Bn | 42.46 Mn |
| 10 | DXC Technology | 1.86 Bn | 135.62 Mn | 611.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.70 |
| Mar 31, 2026 | 42.93 |
| Dec 31, 2025 | 69.30 |
| Sep 30, 2025 | 75.07 |
| Jun 30, 2025 | 75.35 |
| Mar 31, 2025 | 84.87 |
| Dec 31, 2024 | 82.03 |
| Sep 30, 2024 | 74.98 |
| Jun 30, 2024 | 69.64 |
| Mar 31, 2024 | 71.37 |
| Dec 31, 2023 | 78.20 |
| Sep 30, 2023 | 65.60 |
| Jun 30, 2023 | 66.58 |
| Mar 31, 2023 | 77.05 |
| Dec 31, 2022 | 90.32 |
| Sep 30, 2022 | 79.24 |
| Jun 30, 2022 | 83.63 |
| Mar 31, 2022 | 87.80 |
| Dec 31, 2021 | 102.85 |
| Sep 30, 2021 | 77.01 |