ExlService Holdings (EXLS) EV to EBITDA (2011 - 2026)
ExlService Holdings' (EXLS) EV to EBITDA was 11.87 for Q3 2026, down 34.2% from 18.05 a year earlier but up 28.2% from the prior quarter.
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Analysis
ExlService Holdings (EXLS) EV to EBITDA (2011 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, ExlService Holdings' EV to EBITDA came in at 9.75, down 36.0% year-over-year; for FY2025, it was 16.92, down 21.1% from FY2024.
- By year, EV to EBITDA came in at 21.45 in FY2024 (+29.0%), 16.63 in FY2023 (-22.6%), 21.48 in FY2022 (-1.1%) and 21.72 in FY2021 (+44.4%).
- Five-year quarterly EV to EBITDA spans a low of 9.25 in Q2 2026 and a high of 21.81 in Q1 2025.
- Year over year, EV to EBITDA has now declined in each of the last five quarters, with an average decline of 11.5% over the last eight quarters.
- The high point for year-over-year EV to EBITDA in five years was Q4 2021 (growth of 44.4%); the low point was Q2 2026 (a decline of 50.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 9.25 (Q2 2026), 11.39 (Q1 2026) and 16.92 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | -78.45 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 29.66 Bn | 23.62 Bn | 1.91 Bn |
| 3 | Wipro | 22.47 Bn | 17.61 Bn | 745.00 Mn |
| 4 | Cdw | 20.57 Bn | 17.47 Bn | 1.39 Bn |
| 5 | Cgi | 18.42 Bn | 16.22 Bn | - |
| 6 | Td Synnex | 18.09 Bn | 12.24 Bn | 1.43 Bn |
| 7 | Arrow Electronics | 9.84 Bn | 8.79 Bn | 1.13 Bn |
| 8 | EPAM Systems | 8.02 Bn | 3.93 Bn | 445.94 Mn |
| 9 | Avnet | 6.99 Bn | 6.17 Bn | 865.03 Mn |
| 10 | ExlService Holdings | 6.58 Bn | 5.38 Bn | 241.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.87 |
| Jun 30, 2026 | 9.25 |
| Mar 31, 2026 | 11.39 |
| Dec 31, 2025 | 16.92 |
| Sep 30, 2025 | 18.05 |
| Jun 30, 2025 | 18.81 |
| Mar 31, 2025 | 21.81 |
| Dec 31, 2024 | 21.45 |
| Sep 30, 2024 | 19.50 |
| Jun 30, 2024 | 16.79 |
| Mar 31, 2024 | 16.96 |
| Dec 31, 2023 | 16.63 |
| Sep 30, 2023 | 15.14 |
| Jun 30, 2023 | 16.98 |
| Mar 31, 2023 | 19.70 |
| Dec 31, 2022 | 21.48 |
| Sep 30, 2022 | 19.89 |
| Jun 30, 2022 | 20.73 |
| Mar 31, 2022 | 21.40 |
| Dec 31, 2021 | 21.72 |
API Access
ExlService Holdings EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=EXLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "EXLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=EXLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();