ExlService Holdings (EXLS) Free Cash Flow (2009 - 2026)
ExlService Holdings' Free Cash Flow came in at $102.51 million for Q3 2026, down 3.6% from $106.36 million a year earlier but up 39.7% from the prior quarter.
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Analysis
ExlService Holdings (EXLS) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, ExlService Holdings reported Free Cash Flow of $271.19 million, down 5.5% year-over-year; for FY2025, it came in at $298.12 million, up 34.1% from FY2024.
- Free Cash Flow has increased in each of the last three years, with a five-year compound annual growth rate of 13.1% (FY2020 to FY2025).
- Going back by year, Free Cash Flow was $222.26 million in FY2024 (+40.3%), $158.4 million in FY2023 (+30.6%), $121.31 million in FY2022 (-17.6%) and $147.14 million in FY2021 (-8.5%).
- The five-year range for quarterly Free Cash Flow is -$42.97 million (Q1 2022) to $106.51 million (Q4 2025).
- Year-over-year, Free Cash Flow increased in four of the last six quarters, with growth averaging 14.6%.
- The fastest year-over-year change in Free Cash Flow over five years came in Q2 2022 (growth of 125.1%), and the weakest in Q2 2023 (a decline of 52.2%).
- Business Quant data shows EXLS's Free Cash Flow at $73.39 million (Q2 2026), -$11.21 million (Q1 2026) and $106.51 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | 194.39 Bn |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 925.00 Mn |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 372.00 Mn |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | -975.60 Mn |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | 457.05 Mn |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | -468.29 Mn |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 274.16 Mn |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | -866.67 Mn |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 102.51 Mn |
| 10 | Ingram Micro Holding | 6.46 Bn | 1.87 Bn | 996.93 Mn | 211.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 102.51 Mn |
| Jun 30, 2026 | 73.39 Mn |
| Mar 31, 2026 | -11.21 Mn |
| Dec 31, 2025 | 106.51 Mn |
| Sep 30, 2025 | 106.36 Mn |
| Jun 30, 2025 | 94.95 Mn |
| Mar 31, 2025 | -9.70 Mn |
| Dec 31, 2024 | 95.27 Mn |
| Sep 30, 2024 | 97.28 Mn |
| Jun 30, 2024 | 62.85 Mn |
| Mar 31, 2024 | -33.14 Mn |
| Dec 31, 2023 | 67.34 Mn |
| Sep 30, 2023 | 53.61 Mn |
| Jun 30, 2023 | 33.90 Mn |
| Mar 31, 2023 | 3.55 Mn |
| Dec 31, 2022 | 52.32 Mn |
| Sep 30, 2022 | 41.04 Mn |
| Jun 30, 2022 | 70.93 Mn |
| Mar 31, 2022 | -42.97 Mn |
| Dec 31, 2021 | 62.40 Mn |
API Access
ExlService Holdings Free Cash Flow 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=free-cash-flow&ticker=EXLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=EXLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();