ExlService Holdings (EXLS) FCF Margin (2010 - 2026)
ExlService Holdings' FCF Margin was 12.34% in Q2 2026, down 6.12 percentage points from 18.46% a year earlier but up 14.30 percentage points from the prior quarter.
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Analysis
ExlService Holdings (EXLS) FCF Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, ExlService Holdings' FCF Margin was 12.29% through Jun 30, 2026, down 1.82 percentage points year-over-year; for FY2025, it was 14.28%, up 2.19 percentage points from FY2024.
- FCF Margin has now increased for three consecutive years, though with a five-year change of -2.49 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 12.09% in FY2024 (+2.38 pp), 9.71% in FY2023 (+1.12 pp), 8.59% in FY2022 (-4.52 pp) and 13.11% in FY2021 (-3.66 pp).
- Quarterly FCF Margin has moved between -13.05% (Q1 2022) and 21.12% (Q4 2021) over five years.
- Compared with a year earlier, FCF Margin has declined for four straight quarters, with an average year-over-year change of +1.79 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q1 2023 (a gain of 13.94 percentage points); the worst was Q1 2022 (a drop of 14.02 percentage points).
- Per Business Quant data, EXLS's FCF Margin in the three quarters before Q2 2026 was -1.97% (Q1 2026), 19.63% (Q4 2025) and 20.08% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | 24.81% |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 8.37% |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | -1.70% |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | -1.26% |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | 15.08% |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | 2.97% |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | -3.71% |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | -3.90% |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | -1.25% |
| 10 | ExlService Holdings | 5.22 Bn | 3.96 Bn | 225.96 Mn | 12.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.34% |
| Mar 31, 2026 | -1.97% |
| Dec 31, 2025 | 19.63% |
| Sep 30, 2025 | 20.08% |
| Jun 30, 2025 | 18.46% |
| Mar 31, 2025 | -1.94% |
| Dec 31, 2024 | 19.79% |
| Sep 30, 2024 | 20.61% |
| Jun 30, 2024 | 14.02% |
| Mar 31, 2024 | -7.59% |
| Dec 31, 2023 | 16.26% |
| Sep 30, 2023 | 13.04% |
| Jun 30, 2023 | 8.37% |
| Mar 31, 2023 | 0.89% |
| Dec 31, 2022 | 13.96% |
| Sep 30, 2022 | 11.36% |
| Jun 30, 2022 | 20.45% |
| Mar 31, 2022 | -13.05% |
| Dec 31, 2021 | 21.12% |
| Sep 30, 2021 | 17.46% |
API Access
ExlService Holdings FCF Margin 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=fcf-margin&ticker=EXLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=EXLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();